Hacker News new | ask | show | jobs
by ProfessorLayton 17 days ago
>After 5 years, you'll have an extra $1M in savings, and you can safely pay yourself 4% or $40k each year in perpetuity without doing any work.

The only way this could be remotely true on a 400k salary is by saving +80% of take home pay. After taxes that's only 40k/yr to live on.

In a HCOL area. This doesn't even touch on the fact that tenure at most tech places is well below 5y, especially at Meta.