I'm currently looking to RE in April of 2019. Technically, we are on track to hit our FI target in 2020, but my DW wants to work longer, and I don't mind doing some light consulting work occasionally to bridge any gap that comes up. However, it is becoming increasingly likely that my company will have layoffs in early 2018. If I were laid off in 2018, I'd receive my annual bonuses and between 20 and 22 weeks of severance pay. All told, this would amount to about 70% of the total money I expect to make in 2018, and slightly less than 50% what I would expect to make between layoff and my target retirement date. I am considering volunteering for a layoff if appears that they are going to happen. I believe it unlikely that I will be laid off without volunteering. What would you do?
Here are some additional details:
Current savings: 600K + paid off condo
Annual take-home: 250K (approximately 190K from me, 60K from her)
Annual savings rate: 75%
Target FI target savings: 1.3 million + paid off condo