I hope we got there
I (37) and my wife (35) just made some career changes that I hope you will not say were foolish.
We previously worked at the same corporate employer with overall earnings of approximately $350K ($175K base and the rest in almost guaranteed bonus). These roles included travel for both - monthly for me and quarterly for her.
We both recently left, myself for a competitor making $175K base with $100K in uncertain bonus potential. She will stay unemployed for a bit while looking for something more flexible. The thought process behind this change was more upward momentum for me and her to have more flexibility to be hands on with our one year old.
MCOL area with $1.75M net worth
$1M in retirement
$215K taxable brokerage
$295K home equity
$150K cash
$70K vehicles
Only debt:
$1,200/month mortgage
Also pay $1,500/month daycare in $600/month for a country club membership.
We were spending about $100K/year spending and saving as we pleased. No real final plan on when or how lavishly to retire, just know we want to do so early. We do want to eventually upgrade to our forever home (no more than $1M purchase price) but have put that on pause at the moment.
Feels good to have ejected but will miss being able to max two retirement plans. My wife already has several folks reaching out to her for employment but we intend to take it slowly for now. We have not goofed have we?