Re:What’s going on with Google and Facebook hiring freezes?
by ghaff on Tuesday August 02, 2022 @04:39PM
(#32324005)
>Even for most engineers, somewhere between five and ten million is enough to retire on (3.5% safe withdrawal rate) at a nice standard of living, again assuming you don't want to live in the bay area, NYC, Seattle or LA.
Especially if you already own a place you're happy to live in long term, money in that range is enough to live very comfortably anywhere in the US. No, you're not flying private jets and maybe not employing multiple full-time domestic staff, but $200K-400K per year without even touching principal is absolutely enough to have a nice standard of living even in Manhattan.
Especially if you already own a place you're happy to live in long term, money in that range is enough to live very comfortably anywhere in the US. No, you're not flying private jets and maybe not employing multiple full-time domestic staff, but $200K-400K per year without even touching principal is absolutely enough to have a nice standard of living even in Manhattan.