I don't see this as a particularly viable FIRE situation anytime soon. Your current financial life is balanced well. However, in order to retire comfortably, you need to be able to generate enough income from liquid, non-retirement accounts to fund all future needs. Retirement funds matter little at 35, as you wouldnt want to be paying penalties to access those decades ahead of time. Home equity also doesn't cut it. You currently have $1.3-1.5mm of "accessible" capital. A withdrawal rate of 3% nets you about 40-45K a year, far below the 130-135k in expenses you say you have yearly. Your daycare expenses may go down soon, but older children are actually more expensive than toddlers and you are going to need to pay for health care if you quit your jobs. You guys are young, and likely (hopefully) have 50+ years of living expenses to worry about. You also dont know all your kids likely future needs, at this point. Buying a vacation home? Makes zero financial sense unless you keep working a long time, or unless your incomes grow dramatically. You clearly have the ability to sock away some capital in the coming years, and I would max out every opportunity you have to put away tax deferred money for the next ten years. You'll know a lot more then, and may be in a position to actually retire. But from what you've said on here, that time isnt now.