> 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?