There are a few things you should think about first before retiring early, even though based on the numbers you have provided and the fact that your annual expenses align well with your total savings, you “should be in pretty good shape,” said Leyla Morgillo, a certified financial planner at Madison Financial Planning Group.
“Retiring early requires careful monitoring as there are a number of variables that could throw them off track — market volatility, a lower investment return environment, higher inflation or higher taxes, just to name a few,” she said.
Because you’ll be depending heavily on investment markets for your income, you will have to ensure your portfolios meet your goals and needs, and react accordingly when they do not, she said. For example, if the markets decline significantly in one year, try to cut back on your discretionary spending, so you don’t dip too low into your investments — they’ll already be reeled back because of the volatility, and you’ll want to keep as much in there as you reasonably can for when the markets bounce back….
Lot’s of good things to consider in the linked article.