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[quote=Anonymous][quote=Anonymous][quote=Anonymous]
You can't keep living as if you make 530 if you only make 370---Something has to give.

[/quote]

But fundamentally, why not? So let's say we hypothetically use all the earnings in our brokerage account to account for shortfall (but not touch the principal, at least not much).  Our brokerage principal will still be $1.5 mil+, and our retirement will continue to get an annual boost of our contribution and continue to grow for 20 years. We can downsize once the kids are out and hopefully add to our savings from the home equity. [/quote]

Your kids are young.  The market takes a dip, and your brokerage principal could go down to $1.1/1.2M.  You are planning to do this for 10+ years to "get the kids out of the house".  Not a smart financial plan.  You will be 10 years older, might have less than $1M (most likely will) and your house might not be worth much more.  Also, big homes are expensive to maintain.  Need a new roof--that's $50-60K on a house like that----you should be saving/planning for that.  What about other maintenance.  You likely should be saving/planning to spend $10-15K per year for maintenance (likely more).

I wouldn't stay in a ridiculously expensive/huge home that I couldn't' afford to pay the bills for without dipping into savings.  You are not on a sabbatical.  Once you take the new job, there is no guarantee you will ever get back into a position that pays what you are leaving (if you wanted to).

You say you help support your mom.  What if she need home nursing care or gets dementia, or anything else.  I'd hate to put my parent in a cheap ass home simply because I refused to budget for the last 10 years and live within my means.  [/quote]

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