Age 46, wife 45, 1 child 14
Assets
Combined 401k = 810k
Cash = 150k
529 fund = 110k
Own house free and clear value 350k
Own both autos free and clear, 2016 and 2019 subaru outback
No debt
Income - me 131k annually, 6500 after tax per month, wife 106k annually, 4400 after tax per month - she has a higher 401k and HSA
401k contribution 8pct, company match 6pct; wife 16pct, company match 4pct
Budget - what it is now, can come down per month
Utilities/house alarm = 250
Cable/internet = 250
Groceries = 1,200
Misc= 1,200
Gym = 120
Life ins = 50
Donations = 100
Car insurance = 250
Homeowners ins/ prop tax = 600
In addition to our investments, my wife has a defined benefit pension she is fully vested in that she can take as early as 55. I want to say the montly benefit is 1800 at this point.
I am burned out at work, she is not. While I appreciate the sacrafices we have made to build up our savings, i am wondering when is enough for me. I worry i wont have enough money for my sons college or something will happen and i will regret changing life. I dont want to retire as much as do contract work in my field. Imcan afford it but it is hard to think about letting go of the salary. When is enough enough? I am not getting younger and would love more feeedom.