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mdolon | 4 years ago
It depends on the pay, current expenses, etc. For me, it would take 1-2 years on average (US tech job paying base close to $200k).
> Is there a target amount you computed? And how does it translate across living expenses, because I'm not living in Silicon Valley nor America.
This varies based on expenses and needs but generally, I would suggest at least 12 months of runway (for me this would be about $50-60k with some buffer, given that I support my family financially). This may take considerably longer for you if you're not in America.
> Is the prospect of not retiring in your 60s a possibility for you?
I am optimizing for financial security much sooner than 60. While I have an IRA account, it's not something I focus on or think about (or even actively invest into outside of when I have a tech job). I have a very high risk tolerance though, so take that with a grain of salt.
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