4 ms·
you might net 200K a year if you're lucky, and assuming you live like a miser and save/invest 150K a year, that's really not enough to retire on
by zht 3y ago
you might net 200K a year if you're lucky, and assuming you live like a miser and save/invest 150K a year, that's really not enough to retire on
- JohnFen 3y agoDoesn't the depend on where you live and how old you are? In my part of the US, you can live like a king on $200k/yr and such jobs aren't rare. You can live better than 90% of the people here on $100k, and putting 100k/yr away for retirement is genuinely more than enough unless you're in your 40s or so. But I know there are other parts of the US where what you say is 100% true.
- zht 3y agoand OP was saying that he'd like to work for 10 years and retire. it's not really retirement if you only stop working for 10 years. I just mean that you need far higher incomes than 350K for 10 years (gross) to be able to stop working entirely
- JohnFen 3y agoOh, I missed that part. Yes, if you want to shoot for that goal, it requires a huge sacrifice and a lot of misery.
- a_and 3y agoI have to disagree. In the Bay/Seattle/NYC, 200k is new grad range for most FAANGs. If the parent commenter does well, they can easily hit the 350k within a few years of work. If they job hop and optimize, 500k+ is attainable at Senior(L5/L6 at AMZN). That will cut down your retirement estimates heavily especially if you're willing to relocate to LCOL down the line.