It should be easy to be a millionaire by 40 in the Tech Sector, particularly if you don't end up with dependents, just save your money and don't live above your

It should be easy to be a millionaire by 40 in the Tech Sector, particularly if you don't end up with dependents, just save your money and don't live above your means. Almost all tech workers are paid way above the averages for the country, but we live above our means a lot of the time though. If you look at the last 20 years if you started out as a software engineer around 2000 you probably made a lot less than $100k when you started out but you should be making more than that by the time you're 40, it should average out to around $100k. So if you average to $100k for 20 years that's $2 million in earnings. Say you averaged 20% taxation you're down to $1.6 million. If you had $100k in student debt, which would have been a ton if you graduated in 2000, you're still at $1.5 million. There are families which live on way less money than this, if you don't have a family and you're a tech worker you should have been able to save $1 million in that 20 years if you were maxing your 401k and being otherwise financially prudent and not living too much of a consumer lifestyle. The key thing here is if you were saving right from the start your investments have already had 20 years to grow. I see co-workers buying new cars every 2-3 years and going out to eat every day, paying huge amounts of rent, etc.. buying every new video game that comes out at $50-60/pop, taking international trips all the time. It's easy to spend money, but if you don't it's also easy to save it. Even if you do have a family.. you are probably not getting married to someone making minimum wage, now you probably have 2 salaried workers earning more than the average/median, even easier to save.