Re:Top Paying Companies by SWE Level
by ghaff on Monday January 25, 2021 @12:51PM
(#25906305)
>At $300k TC, most people in the United States could pay off their mortgage and retire after only 3-5 years of working.
I was saying it was a very good (I used the term solid) salary by retirement age which I think is true. Maybe it's even exceptionally good.
I think your quoted statement is only kinda sorta true though. Assume they have $1m in the bank with no debt at age 30 now that they've retired after about 5 years and bought a $200K or so house with cash. They now have a low-risk income stream of about $50K (less than the US median income) which has to cover property taxes, maintenance, health insurance, etc. Or maybe they want nothing more than to be a ski bum or a river guide etc. for the next X decades. It's certainly possible although I doubt it's what most people able to earn that kind of money aspire to.
(If you expand it to 10 years, I'd more generally agree. If retirement from corporate life is someone's goal, that's eminently practical at that point without being at all spartan.)
I was saying it was a very good (I used the term solid) salary by retirement age which I think is true. Maybe it's even exceptionally good.
I think your quoted statement is only kinda sorta true though. Assume they have $1m in the bank with no debt at age 30 now that they've retired after about 5 years and bought a $200K or so house with cash. They now have a low-risk income stream of about $50K (less than the US median income) which has to cover property taxes, maintenance, health insurance, etc. Or maybe they want nothing more than to be a ski bum or a river guide etc. for the next X decades. It's certainly possible although I doubt it's what most people able to earn that kind of money aspire to.
(If you expand it to 10 years, I'd more generally agree. If retirement from corporate life is someone's goal, that's eminently practical at that point without being at all spartan.)