I don’t think you have enough to retire. Healthcare alone is a huge concern in the US and I’ve had a few relatives leave for other countries because of it.
In the end, it really depends on your lifestyle and spending, but 25 years before medicare and another 45 years in life expectancy with college and kids and a mil is very little IMO.
Also, I think for folks who are employed by someone else vs. being self employed or own property and businesses, if you need to get hired again after you’ve been out of work for a while, it could be extremely hard to get a job so it’s very high risk.
After folks are self employed and are successful running a business, I don’t think they really want to be hired by anyone else anymore so they might not care in that regard.
Similar to one thread which talked about leaving work for a while, I did that, but it’s risky, but probably a safer bet for you if you wanted to give it a trial run. You could also work on business/hobbies leading to business and see if you can transition from your day job to a part-time/then full time thing. Most folks want something to do either way.
If you have a spouse and kids and a mortgage, it becomes even more difficult since you have different wants/needs pulling you. I most likely wouldn’t have even taken a break if I was married or had kids or a mortgage back then.
