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According the to the linked site, the top 5% income in the Silicon Valley area, probably the highest cost of living area in the US, is over $500k. Yes, all of
by ac29 7y ago
According the to the linked site, the top 5% income in the Silicon Valley area, probably the highest cost of living area in the US, is over $500k.
Yes, all of the things you mention are getting more expensive, and median incomes would certainly be difficult (median for the same area is $133k). But, top 5%? At that income level, you can have all of the things you mention and still retire very comfortably by 40.
- JMTQp8lwXL 7y ago> the top 5% income in the Silicon Valley area, probably the highest cost of living area in the US, is over $500k That's household income, aged 35-64 (prime earning years). For the same age, top 5% individual income is $332k. Top 5% individual income for ages 18-34 is $179k. Most couples earning $500k at ages 35-64 weren't likely earning that much earlier in their career, so it's hard to say retiring "very comfortably" by 40 would be the case.