With all due respect, I think CA is quite expensive and with the numbers you provided, I don’t think you could retire in CA at 39 and live “comfortably”
First off, you cant liquidate your 401k without a penalty until you are 65.
Second, 650k in stock, I’m assuming you would have to pay taxes on gain. So it’s not really 650k, not to mention that if you relocate to CA, you would be paying extra taxes on that.
Third, 100k equity…Unless you plan on selling or unless you can cash flow, you won’t be able to touch this either.
Fourth: 50k cash isn’t nearly enough of a cash reserve if you are going to be “retired”.
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* if my income is mostly dividends, I’ll pay no federal tax. State tax isn’t too bad, as my income will not be high.
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Um… That isn’t true…Either that, or you have a very creative accountant.
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Number Children: 1 (< 1 year old)
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Do you have any idea how much it's going to cost you to raise your child from 1 year to sending him/her to college?
Sorry, but the numbers don't seem to add up here in CA especially because
(a) your age
(b) the age of your family (just starting out)
(c) your home expenses (you don't own your home outright and you will either have to rent or buy in CA).
(d) your medical expenses moving forward with you + spouse + kid
Perhaps, the question you should ask folks here is how much you think you need to have to retire in CA at 39, married, with one kid...
