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[quote=Anonymous]Yes, I would, but I have a pretty high standard of what it means to be able to afford to quit my job financially. This is not just an income question. You need to have a robust understanding of your whole financial life in order to truly gauge what you can and cannot afford.

I'd be considering:

- Do we have adequate independent (ie not provided through a job) life and disability insurance protecting both me and my spouse  at least until the point in time that we reach true financial independence? 
- Do we have a prenup or postnup that protects me in the event of a divorce?
- What is the distribution of assets? Are all that should be jointly owned in both of our names? How much is in my retirement accounts versus my husband's retirement accounts? If there's a noteworthy disparity, can we afford for my partner to continue to contribute to a spousal IRA on my behalf? 
- Are our retirement savings on track to be sufficient to maintain our desired standard of living when my partner wants to retire? 
- Do we have adequate college savings? 
- If I felt strongly about providing financial support for my adult child, do we have enough money to do so? (Which is definitely not a necessity, but many parents support adult children without realizing that doing so is undermining their own financial stability.) 
- Do we have an emergency fund with at least 1 year of living expenses. More than that if my partner worked in a niche field  where it takes longer to find a job; more if my partner had a very high income and might have to take a pay cut rather than wait for a job offer that maintained their salary; more if they're over 50 and job loss could turn into forced early retirement, etc. I'd want to have enough discretionary income that we could afford to build a larger cash buffer (3 years) as we get closer to retirement because I think it's just good practice to have a multiyear cash buffer as you start retirement. 
- I'd consider the impact that stopping work would have on my social security and assess how it impacts our retirement plans. Knowing that stopping work will reduce my Social Security benefits, that means we have to save more for retirement ourselves - are we already on track? If we need to increase our investments to offset lower Social Security benefits, can we afford to without my income?

Like I said - high standards. I'm basically not willing to risk ever running out of money. Or undermining my financial security before we've reached true financial independence and don't have to worry about running out of money. I'm personally working towards this goal because I think working like an American dog is highly overrated, but I don't think we'll meet my financial standards until I'm 55.[/quote]

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