Just to throw in a couple other things to think about saving for especially as an early retiree:
- Your daughter's wedding - Do you plan to help her out with this? The modern wedding can cost anywhere from $5-25k for a reasonable wedding. Check out
Average Wedding Cost $19,581 - Wedding Budget vs Real Wedding Cost
- Any toys/vacations in your retirement? Do you want an RV, a boat, etc? Save up and pay cash before you retire and you income is fixed. You seem to be planning a barebones early retirement when you could work a few more years and have a much better retirement.
Saving for retirement is a great idea, but you can delay full retirement if you have other savings goals.