You probably don't want to hear this but yes you are probably too old.
Likely to be mid-forties by the time you get the license and the step down in pay/lifestyle you would have to take (and your family) even if you got a FO job would be more stress than it is worth.
Go get a PPL and fly for pleasure. Once you have done that then reassess how you feel about it all. Do not go integrated at your age that would be throwing money down the drain.
I would check out the local flying club and check out the lay of the land for getting a PPL as the first step.
Beware the "go for it" brigade... normally they just want your money. As always in life a bit of realism and moderation is needed.... the world is still a very very shakey place and you may need that redundancy money so don't blow it all.