Our office was in Amsterdam Oost and I lived in Almere Filmwijk. An hour and a half is the average door-to-door time. Sometimes odds played in my favour and I could get home in 1h10min. The commute started by taking the bus or cycling from Filmwijk to Alemere Centrum, which took roughly the same amount of time. Then I would take IC or Sprinter to Amsterdam Muiderpoort, take another bus or walk, which, again, took relatively the same amount of time. It was impossible to rent anything in Amsterdam itself with an academia salary of 45k, a non-working wife and two children. I mostly took the bike on days when the weather allowed, but my bike was in Almere. I purchased a cheap(stolen) bike in Amsterdam for 75 euros, but it got stolen the same day I left it at the station.

TL;DR Yes, you can live right next to the office if the funds allow it. My budget for rent was 1200 euros per month, which makes renting within the ring almost impossible.

edit: spelling