updated 06/14/2012 AT 12:15 PM ET
•originally published 06/14/2012 AT 8:00 AM ET
Three is enough for Tom Cruise.
“I’m so happy with three,” he tells PEOPLE magazine in an exclusive new interview.
The iconic star, who turns 50 on July 3, plans to spend his birthday with his family while shooting the movie Oblivion in Iceland. For Cruise, time with his loved ones is all the celebration he needs for his major milestone.
“I’m enjoying every second with Suri that I have. And I’m enjoying the relationship with my older kids, and the way it is right now,” he adds.
Rock of Ages opens June 15.
For more on Tom’s life with Katie and the kids – and how he learned to be a rock star – pick up this week’s PEOPLE, on newsstands Friday
To get a sneak peek of this week’s issue click here