[rhexs]

Are people at top tier tech jobs (FANG) so secure in their jobs that they aren't saving for retirement? I had two years of living expenses saved up after two years at my first job out of college making 63K. Yes it was a cheap city, but I decided I wanted to start saving early after I noticed tech companies had so few employees over the age of 40. No, I wouldn't be living grand if I had to rely on these savings, but it would get me by in a small apartment.

[arebop]

It's very usual for Bay Area people to pay 50%+ of their gross for housing, so new grads at FANG companies don't necessarily have a lot available after taxes, basic living expenses and debt repayment to save.

Also, FANG comp packages have significant equity components and IMO it would be foolish to rely on that portion of comp for anything important; you can treat vested RSUs as windfalls to add to the retirement savings but should not rely on RSU grants to meet your goal of x% savings rate. New grads will have nothing vested for a few years so their ability to save is especially limited during that time.

[wilsonnb]

Most young people aren't saving very much for retirement regardless of where they work.

You are in a very small minority if you saved up that much in your first two years out of college.