Re:What’s going on with Google and Facebook hiring freezes?
by Firmwarrior on Wednesday August 03, 2022 @01:26PM
(#32334553)
Yeah, I looked into it on my own early in my career, and I thought "Damn, I'd have to save two million dollars to live in retirement off 50k a year for forty years"
Turns out the numbers are a lot more favorable, though. You can count on some level of compounding investment growth even after inflation, you can slash your living expenses after you retire, etc. Suddenly early retirement is a possibility even at a pretty modest income level, without compromising your quality of life too much in the mean time
Especially since you only need to keep your expenses 10% lower (or so) than your after-tax income to hit a reasonable target.