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Developers can retire by late 30's if the wages right now keep up with inflation. Using conservative Google compensation: 22 yrs: L3, $160k total comp 25 yrs
by home_boi 11y ago
Developers can retire by late 30's if the wages right now keep up with inflation. Using conservative Google compensation:
22 yrs: L3, $160k total comp
25 yrs: L4, $210k total comp
27 yrs: L5, $260k total comp
32 yrs: L6, $320k total comp
39 yrs: L6, $320k total comp
Averages:
22-25: $180k avg
25-27: $230k avg
27-32: $280k avg
32-39: $320k avg
3 * 180 + 2 * 230 + 5 * 280 + 7 * 320 = 4.64 mil
4.64 mil * 0.6 (taxes/FICA) = 2.784 mil
2.784 mil - ($30k living costs/yr) * 17 yrs = 2.274 mil
Enough to retire if you don't have a kid
- aianus 11y agoNot to mention, you can easily retire on a third of that if you're willing to move to Asia or Eastern Europe.
- tamana 11y agoNot having a kid is a pretty harsh requirement.
- TrickedOut 11y agoWow, that is incredible short-sightedness. I saw comparisons like this back in 1999, before the industry fell apart. Before a generation of companies went under. Before stocks fall and render the total comp just cash comp. before you get pushed aside due to age discrimination. Also, one health-related event will wipe out a quarter of that nest-egg. You cant really retire...