The average SWE at FAANG can become a deca-millionaire over the course of 20-25 working years. Starting from $0, this requires saving $125k a year for 21 years

The average SWE at FAANG can become a deca-millionaire over the course of 20-25 working years. Starting from $0, this requires saving $125k a year for 21 years to reach $10.06M at an 11.88% interest rate, which is the S&P500 average. Well within the capability of any senior SWE @ FAANG, and it only takes 4 years to get to senior. But then capital gains taxes hit. Anyways, yes, a startup employee on the other hand can become a deca-millionaire in a year or two.