This has been the most difficult decision I can remember making. Many thanks for all the input...
See this flowchart for my decision process:
Ha, just noticed getting a roommate is the same as not, but I would accept a smaller raise if my expenses were less.
I think I can quit with confidence. Although I wish I felt more confident! ;)
*4% withdrawal covers my basic post retirement expenses.
*Dividends and interest are close to covering them.
*Rental income covers expenses.
*I plan to work a 20hr/wk job I enjoy, just for new experiences and social interaction.
*I will continue to consult in my field and attempt to build a business around this.
*I will continue with rental property real estate.
+I might have seasonal employment that would be several multiples annual expenses.
+I might take a FT job again, only I will require either more money, or fewer expenses.
+I will never spend the saved capital.
I have felt a tremendous loss of enthusiasm over the last 2 years. I can only hope I can recover my former self. Not following my plan and continuing to mindlessly work would be an act of cowardice.
@HSpencer: No, no deductions from this job.
@ToFi: Yes, I am considering expenses. The thing is my expenses could be 25% of what I'm paying here if I moved elsewhere.
@Akratic: Excellent point. At this point, I feel the year is worth more than I will save... I feel I am running out of years as a young man.
@bigaot: I felt % more accurately described the situation. The actual $ numbers are deceiving. 10k, 20k, 50k are all large numbers to look at, but as a percentage of the whole they are put into context. And yes, I'm trying to avoid real numbers. It's always seemed crass to me. ;)
I had an epiphany when I started looking at % of net, rather than large numbers that are hard to get over.
Also, by not working my tax burden will likely drop to insignificant levels! Atlas Shrugged.