50, earning $148k pa. Saves $53k pa. Net worth $850k.
Wife, 48, earning $137k pa. Saves $59k pa. Net worth $750k.
Total income $285k pa. Total savings $112k pa. Total net worth $1.6m.
Condo $1m, paid up.
1.6L car, paid up.

Can any financial expert advise us when can we retire?
What do we need to do to prepare for retirement?
Thank you.