re: Am I early retirement ready? Updated

Yea you are man. The majority of families in America survive on $56k or less. Sounds like your finances are well established, plus you have that $56k every year. Financially you are ready to retire

Now here’s where it gets difficult. You don’t need to work any more financially. But if you don’t do any kind of work for the rest of your life, you’re setting yourself up for early onset Alzheimer’s or dementia. Motivating yourself to find work when you have no need is gonna be difficult, and usually when you retire and do the side hustle thing you have to constantly look for work. If you have the ability to be a consultant I’d strongly encourage you find a company that lets you do like a 2 weeks on/2 weeks off deal

Edit: second thought, I think your kids are too young. Your expenses will increase as they get older