Congratulations. Now is the time to smell the roses.

As you mentioned you still need to tutor your kids, I presumed you are in your early 50s? If you are, and your kids are still in secondary or primary school level, I hope you have done thorough planning to ensure your finances can last the distance. What happens when wife also retires? Will your savings be enough then?

Just to share, I have done my retirement calculations, and concluded that my wife and I can only retire at 60 minimum, even with our children currently in the Uni.

Here are some factors / questions that we considered that shaped our conclusion:

1. Are we willing to downgrade when we retire? We answered no. We are currently staying in a condo. So in our calculation, we factored in ever increasing fees (MCST fees) to continue staying in condo.
2. Will we be giving up our car? Again we said no. We thus need to factor in 2 x purchase of cars (each to last 10 years) till we are in our 80s.
3. Do we want to conitnue traveling? This is a definite yes because when retired, we will have more time for traveling especially during initial years of retirement.
4. children's education? For us, the Uni fees worry will be over soon. So we didn't include this
5. Medical fees? We put a high weightage on this one in terms of savings requirement.
6. Impact of inflation on cost of living. Doing this calculation really opened up our eyes to the crippling effect of inflation over the 25 - 30 years that we expected to live in retirement.

To cut the story short, the calculation showed that we would need $2.5m (not counting the primary residence) to maintain our current lifestyle for 25- 30 years after retiring at 60. It would be $3m if retire at 55.

by the way, the above are just financial considerations. An equally important factor is what to do with your free time?