How to get over fear of pulling the ripcord? Can I safely retire?
44M, wife is 42F, one dog, no kids. All of our assets are combined, no separate accounts (outside of retirement accounts), everything is OURS. $3.8M in cash and investments. Slightly less than half in tax advantaged retirement accounts, $250k in cash, and the rest in brokerage accounts. No debt other than mortgage, have ~$200k balance @ 3% with 9 years to go. Wife wants to continue to work due to healthcare. We currently use her insurance for both of us. She makes ~$130k and job is stable. My comp varies from $200-$300k but am getting burnt out. We live far below our means.
I feel like we are beyond fine but I can’t shake the anxiety about stepping away. Am I overthinking things? What else do I need to consider? I moved to my current company a few years ago and initially enjoyed the low stress IC role but through a variety of factors have ended up back in a senior high stress role with a fair amount of travel. Would like to step away early next year.
MCOL area outside of Minneapolis. Spend $100k-$120k per year.