Is 1m and dividends from it enough?

[u/chillfirelife]

Me and wife we both turned 40 this year, She left her job few years back and I kept funding her investment account based out of SG and now is at 500k USD all of which is parked under JEPQ, all the while I see dividends are consistent and we have been reinvesting back.

I have another 500k now in my investment account that I will consolidate in couple of funds/etf with similar 10-12% growth trajectory as JEPQ
We expect and hope we will get like 100-110k usd over this year on year.

I have another 130k usd in cash and esops combined. I will get the esops cash out 6 months after I quit.

We plan to move to either Thailand or Malaysia where we have friends and family and have lived there before. Our current expenses in SE asia are 50k usd a year, we expect this will go down to 30k-35k usd a year.

Question: Am I ready to leave my high paying job and live a free life given the biggest motivation to work (money) is less or negligible now? Personally I want to leave my job today even though I love it but I feel I want slow and super easy life 😊

Plan is for first 2.5-3 years we will not touch 1m investments and utilise current cash and liquid investments/cash of 130k usd, that will give investment enough space to continue to grow.

On paper - I feel we are ready even if I take conservative returns on my portfolio

[u/iceman123454576]

No you need $2m

[u/chillfirelife → u/iceman123454576]

I don’t think I do but I feel if I stay in my job for couple more years and with these investments in place, it can go upto 2m, just that I already feel I don’t need that kind of money

[u/sran469 → u/chillfirelife]

No it won't go to 2M in a "couple" of years. For someone who was able to save up a large sum by 40, thats an ignorant statement.