It would actually be something like this: Gross: $600k Federal Tax: $142k CA Tax: $45k Net: $413k Effective Tax Rate: 31% Of course your savings rate depends o

It would actually be something like this: Gross: $600k Federal Tax: $142k CA Tax: $45k Net: $413k Effective Tax Rate: 31% Of course your savings rate depends on how much you spend, you could easily spend >$200k/yr, especially if you have a family and want to live near good schools or pay for private school.