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$45k in the Philippines is not even close to $1M in the US. There's a fallacy to consider that CoL increases linearly. At best it's a fixed offset of $XXk. A fe

$45k in the Philippines is not even close to $1M in the US. There's a fallacy to consider that CoL increases linearly. At best it's a fixed offset of $XXk. A few thousands more in rent, a few hundreds more in food, and that's basically it. Real estate is crazy in most capital of the world. Consumer products have a fixed price worldwide, and it's often cheaper in the US, imagine that! Also third world country savings pretty much limit your retirement options to third world countries. You aren't going to retire in the South of France on a third world salary.

TrackerFF 4y ago
Point was that $45k (from my very brief googling 20 mins ago) seems to be 10x of average annual programmer salary in the Philippines. I admit I do not know the COL - like purchasing a home in the Philippines, but that could vary very much from country to country. I used Philippines because it's a country with very low salaries. But then again, purchasing a home in SF or NYC is very expensive.