Sure, if you save every cent and commit to being single without children for 8 years. But if you go to the dentist, drop your phone on accident, find an S/O, go to the gym, eat out every once in a while, buy some new clothes, pay off student loans, ...
It's just very silly to find a website, grab a number, and then conclude that saving 200k in 8 years is realistic
I think the living expenses include health expenses, but other expenses like phones and travel probably not
I doubt this hypothetical person making $80k has a Cadillac health plan. They could definitely be looking at costs like $1500 for a dental crown and $1000 for an MRI before they hit their deductible.
These numbers don't add up. Someone making $80k in NY will be paying at least 15-20% in taxes. This hypothetical person would have a max of like $400 a month for all their non-housing living expenses. That isn't happening in a high COL state like NY.
I assumed 15% taxes, so 80k - 15k (taxes) - 40k (living expenses) = 25k
I guess I misread what you said. I would have sworn you said housing expenses and not living expenses.
[1]: https://livingcost.org/cost/united-states/ny/new-york