<prompt> Human: Just got laid off, second time in three years. Thinking about cashing out 401k and paying off mortgage, then getting some part time work to cover expenses. Ill live out my life this way. Im 53, wife is 44.Working hard to maybe retire, or just step off the fast track forever?Assistant: How much is your 401K worth? Human: I have about twice the amount of my payoff figure in two different 401k accounts. Wont have a lot left over in them when Im done, after taxes and penalties. Taxes should be lower since Im not employed.Assistant: Real numbers would help more.Are you going to have 40K after paying off the house or 400K? Big difference. You need to calculate if your investmentssavings can support your yearly expenses. Also how much part-time work youre cool with.Human: I have about 130k in 401ks. Owe about 70k on 200 house.  <response>: The typical rule is that you can withdraw 4 a year from retirement accounts and not go broke. Can you live on 2,400 a year, plus whatever part time work, and SS in 9 years? 