Wife 40, 270K pa
I 43, not working since 2009
One 5 years old kid
2 cars (no loan)

Property 1: 2M (no loan, not rented)
Property 2: 2M (no loan, not rented)
Bonds: 1.5M
Stocks: 250K
Cash: 1.5M
Bond interest + Dividends: 80K pa

Near term plan is to buy another 1.5M of bonds and bump our passive income up to 140K pa. Medium term plan is to convert one of the properties to bonds. I am not looking to grow our wealth. Just need to protect our capital and aim for 200K pa passive income. It is up to my wife when she chooses to stop working.