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> The $500k number in the post that he links to seems way off Assuming 30% tax rate that's 150k gross compensation/year over 5 years. That's pretty average com
by pavas 6y ago
> The $500k number in the post that he links to seems way off
Assuming 30% tax rate that's 150k gross compensation/year over 5 years. That's pretty average compensation for big tech companies for fresh grads[1]. That also assumes no raises in those 5 years.
[1] https://www.levels.fyi/ https://www.levels.fyi/
- st1x7 6y agoThe aim is to have $500k saved after 5 years not just earned post tax. And he does assume pretty big raises to get to that figure - https://danluu.com/startup-tradeoffs/ https://danluu.com/startup-tradeoffs/ His assumption is that you can start at $130k and get an additional $30k each year for the first 4 years. And do this while not in an expensive city. That's the part that doesn't seem realistic to me.