If you have $5 million USD wealth you're in the top 5% of the US (and top 0.5% of the world).

If you cannot have a happy life on that, well...

But I get it--if your goal is to accumulate more wealth (no judgement--that's a legit goal) then it gets harder. When I was at Microsoft, partner-level engineers were making $1 million per year; now it's probably $2 million. Staff-engineer at FAANG is probably similar, I bet, to say nothing of the AI labs. I bet you could reach $25 million after 10 years with the right investment strategy. And $25 million throws off at least $1.25 million per year if you invest right.

Beyond that, you probably do need a startup or some other significant ownership stake.

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jebarker an hour ago | parent | next [-]

I know these are just spit-balled numbers but getting to $25M in 10 years even with $2M annual comp would require pretty risky investment I think. Assuming you spent $300K per year and paid US taxes you’d have about $900K left over. 7% average returns would mean you’d have about $13M saved after 10 years. Getting more than 7% on the whole portfolio is going to require significant risk.

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GMoromisato an hour ago | parent [-]

Fair enough--I didn't do the math. Looks like you'd hit $25M after 15 years or so. And I grant that 7% is aggressive.

Still, if you reach staff-level at 40 years old, you could have $25M at 55. That's pretty amazing. But that requires lots of luck. Most people never make it to staff-level. I never did.

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jebarker an hour ago | parent [-]

It is incredible. Sustaining 15 years at staff level will cost you a lot in other ways though!

	▲	GMoromisato an hour ago \| parent \| next [-]
		Yup! Depends on the company and the person, of course. Another thing: People at FAANGs usually ride the stock up and get way more than 7% per year. I'm embarrassed to say that I sold a lot of MSFT stock at $30 in 2011. Today (~15 years later) it is trading at $530.
	▲	spwa4 an hour ago \| parent \| prev [-]
		Sustaining 15 years at staff level is near-impossible and will extract a heavy toll for the vast majority of people. Plus at 55? Not saying you'll be dinged purely for your age but it's not like it has no influence ...

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joshuamorton 10 minutes ago | parent | prev | next [-]

> When I was at Microsoft, partner-level engineers were making $1 million per year; now it's probably $2 million.

This seems...high. The levels.fyi data for 68/69 shows them maybe crossing 1M, and the highest available data point at a bit under 1.5 mil. Staff engineers at FAANG are not making 1M a year except in cases of significant stock growth. 700-800K is more reasonable. The AI labs pay a significant premium, yes (2-3x!).

My math on it was basically "I can work for 10-15 more years and retire meeting my financial goals, or work until my 4 year grant at an AI lab finishes and meet all the same goals, with more interesting work".

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spwa4 an hour ago | parent | prev [-]

> Beyond that, you probably do need a startup or some other significant ownership stake.

That would be what I'm trying to avoid.