u/throwaway80016

45, spouse is 38. I’m looking to quit working at 50.

Current assets:
Brokerage: $1.4M
Roth: $576K
Trad IRA: $550K

3 kids, 2 that will be off to college in 3 years and one that’s got 10 years left at home.

No carried debt, house is paid off and worth $1.3M, cars are both new and paid off.

HH income = $270k in a HCOL area. Max the Roth accounts and my 401k yearly.

I estimate that at age 50, we’ll need a budget of roughly $85k.

Is hanging it up in 5 years doable?