51–60 of 614 posts
It’s worth nothing that most of these numbers are inflated from share price increases boosting the value of RSUs vesting over 4 years. New offers at the higher levels from those companies are unlikely to be that high unless you are coming in at the top of the pay band for the level.
I mean... just... wow. You could retire at 35 and not have to work for the rest of your life.
How hard is it to get these jobs?
I get Airbnb and Stripe being up there for entry-level engineers, those companies are almost printing money. But Lyft, haemorrhaging money, is top of the list, and Oracle - the company no-one in the Bay Area or on HN seems to work for, and everyone seems to hate - is 5th? Are there legions of quietly-well-paid Oracle engineers out there just keeping their heads down and getting on with the job? Why isn't Oracle in th…
I believe what is needed is a salary and stock breakdown, just like levels.fyi. You can’t pay the rent or buy food with stock.
If this is for real, _everyone_ I know is getting completely screwed. I have a hard time believing any of these numbers. If I earned any of these amounts for 2-3 years, I could live off the interest for the rest of my life.
These are not salaries. It’s total comp. My total comp. calculating pension and benefits in the Great White North is similar, and that’s govt. to boot. Total comp is always a highly misleading number.
RSUs from publicly listed companies, on the other hand...
Earlier quoted context omitted.
A senior position in the doc will probably get you ~2M in savings by 35. How do you retire with that?
You read through all the advice in these blogs [1][2]. Seriously. If you are invested in low cost index funds, most assume you can safely withdraw 4% a year and not deplete your principal. If you're retiring at 35, you might want a greater safety margin, so let's say 3%. That gives you 60K a year. How do you retire on 60K a year? Obviously take what I'm saying with a grain of salt as I'm a relatively young person and…
There's more debate as to what would be a safe withdrawal rate over the long term without depleting principal, but I expect 3% would be a bit on the high side, although not unreasonable if one has a backup like part-time work.
Of course, that's assuming you withdraw 3% of the initial amount each year and adjust for inflation. Obviously if you only withdraw 3% of the current amount each year you'll never run out, by definition, but you might end up with shrinking spending money.
Still, just a nitpick. I agree with you in principle for sure.
If this is for real, _everyone_ I know is getting completely screwed. I have a hard time believing any of these numbers. If I earned any of these amounts for 2-3 years, I could live off the interest for the rest of my life.