I could save about an $1500/month and still have plenty of room with the remaining budget. My first non-debt month would be February at the latest, and my current contract job ends September 2014. Thus, I'd save $1500/month for 19 months, leaving me with $28,500.
That's a good chunk of change! This would not include any extra money I made from my business or other related savings. I could use this to start toward a down payment on a condo wherever I move (if I don't stay in California, of course), or use it to do some other very interesting things.
I'm very pumped about this idea! I think I could easily live on $28,500 for a year as well. So if push comes to shove, here's to a potential year off!