It's great to see these kinds of ideas being discussed!

However, I feel Paul's response misses the biggest lever available to you Bindi: your desired spending.

In simple terms, your retirement date depends on your current net worth, income, savings rate and how much you want to spend in retirement. If you're really interested in retiring sooner (even now), then it's worth challenging yourself on how much you really need post-retirement to make you happy. The average Australian family with two children spends around $100k per year according to the Australian Bureau of Statistics. Most Australian families I know seem pretty happy and I imagine they'd be even happier if they were earning that much without having to work! That $100k also includes a lot of work-related costs (e.g. daily commute, work clothes, work lunches, living in expensive location near work, etc.) that you'd no longer have to worry about once you've retired. Have you ever written down all your expenses and reflected on:
(i) What items would reduce post-retirement?
(ii) Which items bring you the most (and least) happiness per dollar?

We're pursuing early retirement and have designed a very comfortable post-retirement life that'll cost around $80k/year.
If you're able to do the same, then you could retire NOW on the passive income from your $2.5m of non-super assets!
Another way to look at it, would you prefer:
a) Retiring now, living a comfortable life spending $80k/year and getting to spend quality time with your kids every day; or
b) Missing out on spending another 5 years of quality time with your kids, so that you can grow your already healthy bank balance even further and have a slightly fancier lifestyle post-retirement?

Whichever path you choose, I wish your family happiness.

P.S. As background, we also move around with work as a family, rent and have a similar household income.

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