Are we ready to FIRE?
Me and my wife (late 30s) have a combined NW of 1M $ and additional 100k in 401k. We had to come to India because of familly medical emergency few months back. We have a young kid too. Now I am in dillema that if I should continue to work in IT in India or find something which I can really enjoy and then do that (yeah I am not able to find that yet) (going back to usa is not an option). Out of this 1M $ 500k is in my stock portfolio and rest in is high yield saving account. Will this number be enough if I plan to live in tier 1 city (need to buy flat). I expect monthy expense will be 1.5 lakh and my spouse will still continue working for IT, earning may be around 30 lakhs pa. Just need an honest advice that if I really need to focus on earning money at this stage ?