4 ms·

I’m in the US, but most have way more than that by 30, in software.

• CalRobert 3y ago
  People in the UK in software generally make a fraction (under half) of what those in the US do, and will have much, much, much lower savings, on average.
• dukeyukey 3y ago
  That is not normal in the UK, even for software developers.
• jermaustin1 3y ago
  By "in software" you are meaning startup/FAANG, not software development in general where the average salary is still sub $100k, and depending on where you live as little as $50k for a starting salary. As a 22 or 23 year old getting your first job at $50k, your living expenses will take most of your salary. After a few years you might be able to jump to a better paying mid-level developer. So at 28, you could be making $75k throughout most of the central US. Your life style will likely have changed, and you now have a wife, potentially a kid, so living expenses still take up 70-80% of your take home. Hopefully you are able to put away $10k/yr into your personal retirement, and you've been getting your full company match that maxes at 2% (this is standard at most corporate developer jobs). So your 401k might have around $40k in it now, which is great. Your ROTH has another $15-20k probably. At 30, you finally hit your big 3-0. Your 401k has been growing nicely, and you now have $75k in it, and your ROTH is sitting pretty at $25k, only 15 years left until retirement! You have hit $100k by 30! Wait, you were talking about £... Well, you still have a ways to go, you only have £80k.
  • geraldwhen 3y ago
    I have never worked in startups or FAANG. I’ve only worked at shitcos, and pay is up! I’m up to nearly 300k comp at shitco, without the terrible life commitment and uncertainty of startups.
    • dom96 3y ago
      What are these shitcos you speak of?