First post here. My wife and I are both 33 and in good health, and while we have decent jobs, we'd like to stress less, have more flexibility, and spend more of our time together.. We aren't looking to completely retire at 33 (we don't have enough saved, and while we live simply we don't want to commit our later selves to living quite that extremely).
Here are our stats:
Married Filing Jointly.
Age: 33 (both).
Current combined gross income: $175,000.
Emergency Fund: $50,000.
Retirement Savings: $450,000 (80% VTSAX, 20% VBTLX).
Home Equity: $300,000.
Debt: 3.75% Mortgage of $230,000 remaining (don't judge, our good jobs sent us to a very expensive city, buying was cheaper than renting, our condo allows us to walk most places while being safe, and it has appreciated steadily).
Here's my proposal: continue working for [X] years, move to a place we enjoy with lower COL but with a high culture-per-capita. Pay off a modest, small home in a walkable/bikeable area. Take enjoyable freelance or part-time work sufficient to cover modest expenses without touching our savings so they can continue to grow.
What advice or sugggestions do you all have? I left out our monthly expenses on purpose to emphasize that we are not seeking to immediately retire, but to switch gears, get off the crazy-accumulation-and-savings ride, and start relaxing and just making the money we actually need.