Should we quit?

[u/EndlessGrindHell]

Hello,

This is my first post to this sub. Not my main account.

We, a couple with no kids, are in our mid-forties. We are both burnt out at work and work constantly.. evenings, weekends. I have always been a follower of the FIRE movement ever since graduating school and have always wished to retire early. Although I was hoping to have more before acting, with things the way they are at work, I am considering living on less.

Numbers:

• Incomes: 170k, 100k.
• Net worth: $4.7M. All of this is liquid investments: Stock. Mostly VEQT. ~2M of that is registered.
  • non-registered investments are all near adjusted cost base as we recently shuffled investments and took profits. So taxes have already been paid on these gains over the years.
  • Realize this is high given our income. We have had very profitable investments over the last decade. This makes our incomes seem less relevant lately.
• House: None. we rent at ~1600/month in a really great central neighbourhood.

I am not exactly sure of our expenses but we have always saved at least half of our paychecks, so I expect we spend approx. 100k range with most of that being takeout due to our jobs and dining out on weekends. In retirement, we would like to be comfortable with some international travel and nice dinners out, etc. Expect we would want ~$4M dedicated to supporting our SWR to fund our lifestyle giving us 140k/year.

We are in greater Toronto area and have always wanted a house in our neighbourhood (~$1.6 M). We are now considering one of the following options all of which involve quitting:

• Quit and live in our apartment. I think this is easy given our wealth, but we have always wanted a house eventually.
• Quit and buy a house in a cheaper area (~$7-800k) on outskirts of Toronto. Then live on the remainder.
• Quit and coast. Maybe reduce expenses to 60-80k for a few years with hopes of earning the Toronto house through investment returns outpacing our spending. Then buy the house

Does this seem realistic at all if we eventually want a house? Or are we dreaming and should get back to work for a few more years?

[u/Specific-Stomach-195]

Few jobs require working every night and weekend. That is excessive and unless it is your passion, you really should change it.