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A comment on Second Citizenships, Residencies, and/or Temporary Relocation. Parent comment

Re:Second Citizenships, Residencies, and/or Temporary Reloca... by feanaro on Sunday February 21, 2021 @03:42AM (#26211912)
Yes, stopping all work for the next 50 years right now wouldn't be realistic with that. But then again, you're definitely not going to be stopping work while trying to accumulate more wealth either.
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Re:Second Citizenships, Residencies, and/or Temporary Reloca... by vecinu on Sunday February 21, 2021 @03:52AM (#26211962)
Correct but with an optimistic projection of working for 5-10 more years, I could stop working forever, unless I want to work for fun / enjoyment (or say no to crappy jobs) and then move to the EU.

If I move to the EU now and take a hit in income, that will become impossible.

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Re:Second Citizenships, Residencies, and/or Temporary Reloca... by tonfa on Sunday February 21, 2021 @09:20AM (#26213597)
Germany median salary is 42k EUR (and I guess one of the highest in the eurozone, Portugal seem to be 25k USD), depending on your lifestyle, I think many people could actually retire with 1M...
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Re:Second Citizenships, Residencies, and/or Temporary Reloca... by vecinu on Sunday February 21, 2021 @03:33PM (#26216886)
Once you extrapolate that to software engineers, levels.fyi says you can expect 80k EUR/yr in Germany [1] which I think is after-tax.

If that is true, it's more than I thought it would be and I think if you found a good job you enjoyed, making 80k EUR/yr on top of having $1M saved could give you a secure financial future.

[1] https://www.levels.fyi/Salaries/Software-Engineer/Germany/

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