‘We live a rather lavish lifestyle’: My wife and I are 33, live in New York City and earn $270,000. Can we retire at 55?

Dear Quentin,

My wife and I, both 33, are lucky enough to have high-paying jobs in New York City.  

Collectively, we make $270,000 a year.  We own a home in Seattle, worth $500,000, that is rented out and covers the mortgage and cash flow. We have zero debt outside of our mortgage. We have an emergency fund of $45,000….