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▲ bombcar 2 hours ago

Even in the USA you're not getting to $5m net worth on salary alone, not without decades of it.

(Or as more likely, you've been in SV since Apple was a twinkle in the garage and your house is worth north of $5m.)

For comparison purposes, $5m invested well should be about $150k a year forever (3% safe withdrawal rate). If you have a net worth of $5m you should be able to live without working - if you want to (median US household income is $87k).

Anyway, off to buy some $10 bananas.

▲eru 2 hours ago | parent [-]

> For comparison purposes, $5m invested well should be about $150k a year forever (3% safe withdrawal rate). If you have a net worth of $5m you should be able to live without working - if you want to (median US household income is $87k).

This is all getting more annoying with capital gains taxes (and inflation, since capital gains taxes are usually levied on nominal gains).

I moved to a place with simpler taxes, including no capital gains taxes.

> If you have a net worth of $5m you should be able to live without working - if you want to (median US household income is $87k).

Depends on how much you want to live off.

> Even in the USA you're not getting to $5m net worth on salary alone, not without decades of it.

I don't think the original commenter was talking about juniors who just started?