Software engineer retire early reddit a software deployment and management tool for a company that made security and management software for banks. If you have 6 months of buffer money in the bank you can literally walk out of a job that you hate. NFL NBA Megan Anderson My startup (we’re only 4 so far, but well funded (we raised a few millions)) is looking for a talented software engineer (to develop a web app) with database & AWS expertise. Reply reply Top 1% Rank by size . a repair manual builder for an automotive manufacturer. Next step in to attend JP Morgan Chase Social Good Hackathon. My wife and I were dinks for 12 years working decent jobs (mechanical engineer and nurse Practioner) we just had a daughter 9 months ago and my wife went part time so we could avoid daycare and most importantly have me my wife and my parents 1 day a week raise our daughter instead of some random daycare worker. Last time I checked, the average tenure at Amazon was around 1. The early mindset was "save now and ask questions later". You may also not like SV life since it will always be tied to what you've built/what value you've brought. 5 team lead positions opened up a couple of weeks ago because of other sections having people retiring. Most of us will not have £1,000,000 business ideas. Don’t let the bastards grind you down Reply reply Ambush995 • Dude is out of touch with reality. You can have uninterrupted breaks and it started in the low 70s ten years ago. This year, Joe is investing in commercial real estate with CrowdStreet. At its core, FI/RE is about maximizing your savings rate (through less spending and/or higher income) to achieve FI and have the freedom to RE as fast as possible. Log In / Sign Up; Advertise on Reddit; Shop Because as an entry level software engineer you add not that much value, and requires a lot of training. I graduated at 43 with a BS in CS. I am a current university student studying computer science, and I've been ghosted by hundreds of companies for Software Engineering internships. LOL Reply reply dazzford • I mean, I wouldn Aside from the financial considerations, how do you know “its time” to retire? Mentally/physically maybe? I dont want to look back at 67 and realized I wasted 20 years chasing after Jones‘s and working myself into an early grave for a retirement I can’t enjoy. You won't get the SS supplement either, since you don't have 30 years. Open menu Open navigation Go to Reddit Home. (Financial Independence Retire Early) movement has been becoming increasingly popular among software engineers. Locking up cash until I’m 59. CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. Childcare expenses and funds for up to tertiary education is pretty significant. Not sure how that industry is doing these days but in 2 years who knows. He's now been with us for 3 years, does the most amazing magic with apis, has built us several tools we have needed for years, saved us so much time and money, and is overall a total joy to work with. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; Get the Reddit app Scan this QR code to And the fact that I still have a successful career as a software engineer speaks more towards my ability to be a high performing worker than anything else. Just trust me in that one. working for FANG and making 200k a year . Your email Early 30s and I work in biotech R&D & entrepreneurial adventures. I plan to work in software until one of the following: I have grandkids to play with I stop being good at it I have several million in retirement savings I'm mentally expecting to retire in my early 60s, but who knows, maybe I'll get grandkids sooner than that and have "enough" money to retire on. Just look for well established companies. The hackathon event is after a week. Penang is at the top of list right now for a retirement destination. It's Ideally I'd be in grad school studying philosophy but that's why I'm trying to retire early. Many advisors will tell you that a Safe Withdrawal Rate (SWR) for a "normal retirement" is 4%, meaning: that's the rate that you can take from your savings that will essentially let it last until you die. Don't go there. After 16 years of investing and saving, he achieved financial independence and retired at 38. 8 million save to retirement and I've been in the industry about 13 years now. Also I’m very skeptical about your financial planner saying you are saving too much for retirement that’s very counter intuitive. r/Fire A chip A close button. I’m greatly interested in becoming a software engineer. I'll keep telling the truth. Get app Get the Reddit app Log In Log in to Reddit. AskEngineers is a forum for questions about the technologies, standards, and processes used to design & build these systems, as well as for questions about the engineering profession and its many disciplines. he is 48 so he started his career roughly 30 years ago . Otherwise I wouldn’t have enough capital or not enough time/energy to do so. r/Raytheon A chip A close button. r/india A chip A close button. Just so you know systems Engineer will have little to no programming. Can confirm. Financial Independence is closely related to the concept of Early Retirement/Retiring Early (RE) - quitting your job/career and pursuing other activities with your time. I'm now considering the implications of how we're actually going to withdraw this money in early retirement Getting your name out there, as a contractor engineer, will do wonders as well, especially if you have the skillset to back it up. average pay for software engineer was 30k in the early Financial Independence is closely related to the concept of Early Retirement/Retiring Early (RE) - quitting your job/career and pursuing other activities with your time. fyi will give you more info. I actually know several engineers now at tech companies (like Amazon) that have been there only 5 years and over around 300k. Well, it's later and we just got a good deal more income to allocate towards savings. One such person is Ethan Nguonly, a 22-year-old software engineer at Google, who is aiming for an I see a lot of early and mid career advice topics on here, but seldom any late stage career advice topics. This lead me to believe I was an impostor, and didn't deserve to be there. But there are those who wants kids and have to weigh that against retiring early It is actually a very good thing because an engineer has a guaranteed job and guaranteed money for life. They have many projects across the USA so check them out! I’m still convinced that the best way for the average person to get wealthy is to take a high paying career (eg Lawyer, Dentist, Software Engineer and formerly Doctor 😭) and use the income from that to invest and grow wealthier. My boss left and this new one is making my life miserable. I am planning to retire at age 55 (even earlier if In software engineering however you are grossly underpaid, even with a remote roll. Although I didn't see a detailed description of Skip to main content. We have a handful of 30-40 year old software engineers, then a couple Not absolutely retire early at for 40 but could easily have 1M+ by then. I was wondering if anyone could tell me what i can expect from the coding exercise and what the interview process will look like after Hello, I was recently offered to be a Software Engineer l at Raytheon Intelligence and Space. Software engineers make 300k easy here for the types of problems that the FAANG engineers solve but there’s only 2 job vacancies in Australia for those types of jobs and Steve and Jim filled them the bastards. 1- Financial What is the normal age that a software engineer retires? Retired two years ago at 52. If you want to build software engineering experience then a systems engineer role is not what you want. Also, after 45 you can do something else. His brother has an aerospace engineering degree but was hired as a mechanical engineer. So work life balance Engineers apply the knowledge of math & science to design and manufacture maintainable systems used to solve specific problems. com then a document processing system for an advertising agency. Hi Everyone, I received a snapshot survey and coding exercise from google this morning for SWE early campus role. curt_schilli McDonald's CTO • Additional comment actions. I often feel I'm one of the only software engineers in SF I'm not retired yet (still about ~7 years out) but have long since transitioned into management. Submit a Comment Cancel reply. Also, I would like to know if I should even enter the world of corporate America. Bro you should be thinking of retirement and working on your other passions now. I wasn't expecting this many responses, so I'll answer some questions here. 50 year old software engineers don't get pushed out of the industry, they retire, especially if they came up during the 80s when they could actually buy property. I'm surprised that people say lanl pays below average by industry standards unless you are a software engineer or a computer/electronics engineer. I was also nervous about it. They set ambitious financial goals, manage their expenses meticulously Most people that want to retire early have a goal in a mind. Tech as a career took off with higher incomes in the 90's. But the results has been really bad diet and health. Like over $100,000. Share this: Click to share on Twitter (Opens in new window) Click to share on Facebook (Opens in new window) Related. I just love the creativity in programming and the power it gives you as a person to make increadible things. You don’t have to stop working when you’ve saved up enough. Resources and advice would be greatly appreciated. Again, my experience doesn’t necessarily mean it’s the rule. I’ve made it to the final rounds at 2 startups. However, I love the Marine Corps and I’m on the fence about staying in or not. Good startup focused software engineers are uncommon, so make sure you identify what your skillset, experiences, and ideas are, so as to find the right fit for you. But you're a few years from worrying about dropping dead on the job. comments sorted by Best Top New Controversial Q&A Add a Comment. If you want a low As a software engineer, should I specialize, or generalize? Question I am trying to wrap my head around this, as I have the bias that I should not specialize but can see the merits of specializing. If you're fortune enough to land a job at a high paying company early on, you could position yourself to retire very early. I’m a software engineer and last week new layoffs have been announced and they are taking volunteers. Coast FIRE is all about using your View community ranking In the Top 5% of largest communities on Reddit. Either way, more more I Content Creator, Podcaster, Ex-Software Engineer, & Retire by 30 Author. For one, having savings is having freedom. So IMO if you're a talented person well-suited to interesting work (as most Google engineers are) then finding a job you would enjoy doing for the rest of your life is a better long-term investment than doing something you don't enjoy for a relatively short while From the ones I’ve seen, every software engineer YouTuber day in the life video does a time lapse of the 8-9 hours spent in front of the computer and then just shows you what they do before/after work. Passed the OA, then moved on to the virtual onsite 1 behavioral, 2 leetcode easy, 2 leetcode medium. 5 - 3 years of professional experience, I have completed my BS in Computer Science and got out of the Air Force roughly 7 years ago. Once you check you us out you to will realize that you can retire sooner than you though. I(44M) have been experiencing issues at work. He tried management and didn't like Things I don't like about being a software engineer (most of these are not really specific to software engineering, just work in general): - 8 hours, 5 days a week is a bit overkill. No, you are not crazy. Finance is not about the average it’s about the career trajectory. Till what age you will be employed? I am 10 years exp and wants to stay in the tech industry for many years till 45 at least but don’t want to be a people manager. The reason why between the years of 2010 - 2022, these jobs exploded, was because of the boom of the internet for commercial and personal use. (Financial Independence / Retiring Early) is a money strategy that's sweeping the nation. I'm saying that, because at 40, you're not exactly worried about dropping dead on the job. 0 coins. Every developer friend I've talked to about it - from early startup to the big 4 - also hate their work. Even within systems engineering, there are typically people who work more on design and a lot more people who work on testing. But to answer your question, I will likely retire around 50 - with dual-incomes and investments, total saving looks to be in the US$8-9m ballpark by then. Retire early. I'm just curious what people who retire early do every day? Do you miss Skip to main content. Coast FIRE is when you have enough saved and invested that with no additional contributions, your net worth will increase with compounding growth to support a traditional retirement. I've had several friends who were struggling to find jobs, or wanted a career change, so I've helped them move to software. One major instance I can think of: one dev finished their week early and said "tasks done, leaving early for this trip!" Other devs, QA and my PM on the project, all complained to m that he DUMPED an incomplete mess of garbage on them to fix. Though most situations of people retiring early I've seen has been people working 80 hours/week in a very stressful job (e. ” But that’s okay, because getting rid of your old identity (and job) allows you to create In early days of Microsoft, software engineers used to work for 10-15 years before taking early retirement. Others have offered a much more friendly and laid back work life. I am a newbie and not have much experience in building advance applications. I worked at a startup when I was getting my MBA and went from lead engineer at said startup to junior engineer at Save to both pre-tax and after-tax accounts. CSCareerQuestions protests in solidarity with the developers who made third party reddit apps Skip to main content. I recently completed JP Morgan chase online assessment for early career Software Engineering program. I'm aiming to stay close enough to the leading edge of my subfield to keep working or I just have met os many junior developers who think knowing how to build an app makes them special and that's step 1 to being a successful and competent software engineer and even those deep divers I know usually have had the If you retire now, you take a 30% penalty to your FERS pension, 5% for every year below 62 you are. I think many people would've quit the career early if they only had jobs that paid 40-50k or so. More posts you may like Edit: Didn’t see the software engineer part; my old roommate has an electrical engineering degree and did an internship with them over a summer and his manager helped spread his resume around the company for a fit. I have an interview with them this week and was wondering if anyone has gone through the process already and could give me some guidance. (Financial Independence Retire Early) – Why promotions matter Getting promoted to higher levels significantly increases earnings which can get you to F. currently i work on factory process management software. I also have a software engineering background, BA in CS, worked for 7 years as a software engineer before I got my MBA. If I hoped to retire at 55, then they might be equal. I can't yet imagine wanting to retire as early as 65. I think I'd be horribly bored (especially since I balance awesome hobbies now so I don't feel like I'm waiting for retirement to have fun). I'm in my early 40's and I've been doing this since college. if you've had a software engineer salary for 25 years you definitely should be in position to retire and do whatever the fuck you want by now. g. Now that number has ballooned to 25-35 years and no longer early Software engineers often retire between 45-60, with a growing trend of developers working into their 50s and 60s. Build a baseline of financial security with the difference first, then use it to invest for your future. 5 years old seems super risky, especially because there I’m a career changer and recent coding bootcamp grad, in the process of applying to my first software engineer role. Doesn’t compare to tech companies but honestly you could live a Statistically, most accounting/finance jobs will land you with a salary in the range of $65,000-$85,000 in mid to late career pay. Recently I was only focusing on data structures and algorithms. For me, being childfree is an easy decision because I don't want children. Please read the rules before posting. However, many also are fine with money but choose not to retire early. I'm in my early 40s and have been programming for about 5 years. At the end of the day you can take a coding boot camp and learn the View community ranking In the Top 1% of largest communities on Reddit. 526K subscribers in the Teachers community. He has I am a software engineer considering going to law school. It was definitely a fast track to management. They just needed software to support their already thriving business, so there wasn’t as much pressure like I had at my first company, which was a startup. If you like what you do, feel free to keep doing it! The important part: financial independence gives you Once we retire early we will probably move back Reply reply [deleted] • • Medical costs are completely irrelevant for this group (if you work as software engineer in the US, your insurance policy and healthcare access will dwarf the quality and access to Medicare -- trust me, people blame the US healthcare system, but it is genuinely the best healthcare in the world that It doesn't. if they want So I’m currently an active duty Marine. Dedicated to open discussion about all things teaching. Reply reply Carthax12 • Believe what you want, dude. Hardly enough to retire “extremely early”. 7 years, and I believe it’s gone down since. I have two jobs. So for those that have retired in their 30s or 40s, how did you do it? Hey, here is some background information on myself. You will be eligible for FEHB if This is a place for people who have reached or are interested in reaching the milestone of Coast Financial Independence / Retire Early (aka Coast FIRE). The cake is tasty. I. After that it’s choose your own adventure, you could downshift and coast til you’re 50 and retire or keep grinding and got for fat FIRE Get app Get the Reddit app Log In Log in to Reddit. But, as an early career engineer, you will probably want to be in the office more, like As much as you can tolerate. And despite being well paid (not ridiculously good, just well) over the years I cannot "retire" early. investment banking) and living a very frugal life. I got an evening MBA at a good business school but not an M7/T15. Pay is decent. The startup was Get the Reddit app Scan this QR code to download the app now An early retirement. Expand user menu Open settings menu. A sportsman doesn't, body breaks down and soon enough you'd be unable to keep your career with nothing to show for it, no way to go back. :D F. I have worked as software engineer for 40+ years. But it usually requires some kind of unique situation, or a windfall of cash at an early age, as well as smart investing. In a hardware company (planes, tanks, missiles, satellites, etc), its a bit different. r/cscareerquestions A chip A close button. It's not sexy or glamorous but it gets the job done. If you’re a banker you can go do PE/Corp dev I want to retire in my early 50s so I have time do LIVE when I'm still young enough to do stuff. They become engineering managers, director, vice president, cto. Sports. That totally sucks to hear. At its core, FI/RE is about maximizing your savings rate (through less spending and/or This is exactly the advice I am following. And the best way that I know to do that is to start your own business. Company Question I made it through the entire Google SWE Interview process. This site is all about strategies & tools that help us make more money and achieve financial freedom. then a prototype for a data sharing website. My present interests relate more to the computer graphics side of things, level generation, AI, and audio. You will get annual COLAs to that pension. Personally I don't believe there is any career that I wouldn't get sick of doing 40 hours per week, so I see r/financialindependence as the only way out for me. This is a place for people who have reached or are interested in reaching the milestone of Coast Financial Independence / Retire Early (aka Coast FIRE). I'm a software engineer with 1. I’m 26 years old with 5 in the Marine Corps. Google - Software Engineering Early Campus role . Valheim Genshin Impact Minecraft Pokimane Halo Infinite Call of Duty: Warzone Path of Exile Hollow Knight: Silksong Escape from Tarkov Watch Dogs: Legion. I wonder if whoever disclosed these figures gave post-tax numbers or From a financial standpoint, I have the option to retire early. For what it's worth, I still make games on the side, as a hobby. The last place I worked has been in business since the early 1900s, and the one I’m at now since the 1800s. However for many reasons I chose different path and became a software engineer. My point is, The reason I want to retire early is so I have the financial safety net to pursue my other interests such as traveling, music, and maybe even build my own startup without having to worry about working a job. Thanks I went to college for hardware, but spent all my free time teaching myself software. I could essentially retire right now but I want to give my kids everything and to be able to just be kids and have fun which was something I didn’t have as a kid. However, CS people aren't anywhere near average in terms of earning potential, so these numbers are likely quite different from people working in software. I got burned out and completely lost interest in anything computer related. is that true? daneelthesane • I was 38 when I went back to college. That way you can begin to earn financial freedom and control your own destiny. Log In / Sign Up; Advertise on Reddit; Shop For example, it's difficult to retire early if you have kids (assuming you don't have generational wealth). I am currently a Software Engineer with 2. Do you really think in let's say 30 years there will be a great need for senior software engineers, 20 years after AGI and probably well after the Singularity? Yeah, me neither I’m a software engineer. For a lot of companies it's not worth it. When they can pay someone $150,000 for a Hey guys a question out of context but it’s related. . How many software engineers make 7 figure bonuses? I’m guessing none. If you aren't maxing out 401k and IRA every year you most likely won't be close. I’ve done a lot of research about 401ks and IRAs, and prior to this year I was planning on maxing out traditional accounts in both, but now I’m not sure what to do. If you are already completely satisfied by your job and life, then there is really no point in retiring. I just switched companies, hoping the new position would feel better, but after settling in I realize I'm just as unhappy. The whole point of retiring early is to focus on what you want to do with your life. ) That's a great way to look at it. Premium Powerups Explore Gaming. L5 engineers are sometimes hired on with only 3 years of experience. The next week I told him to fix it FI/RE (Financial Independence / Retiring Early) is a money strategy that's sweeping the nation. You're still going to have the social problems but that's something you'll start to figure out the older you get. reddit's Get the Reddit app Scan this QR code to download the app now From the engineers I know who did go the retire early route, 55 is very reasonable (most of these folks went “shit I can retire” and then did) and lower is achievable with intentional planning. If you want a preview of early retirement the oil companies used to have a ton of 2 weeks on/ 2 weeks off engineering jobs that would hire fresh graduates. It’s not a bad gig, but what they don’t show you are the endless meetings, the actual work they’re doing, the countless My friend, you’re going to be so good you don’t even know! Just don’t get complacent with your finances after you retire. 11- Early Financial Planning and Retirement Goals: Some software engineers enter the field with a clear plan to retire early. The earlier you hope to retire, the more you'll need in after-tax accounts. Financial planning is crucial, with strategies like maxing out Most software engineers who are looking to retire face three challenges: Not knowing how much they need, not sure if their savings will last through retirement, and the In this blog post, we will delve into 11 reasons why software engineers choose to retire early and explore the various career transitions and lifestyle choices they make. In software engineering however you are grossly underpaid, even with a remote roll. In my experience, being a game developer was not a setback in interviews. Software engineering is also an overpaid profession. this is a personal thing with me, having been laid off twice in my career ('02 and '08) I just don't trust the employer to have my back, at any time when the time comes to actually retire, that's when I will approach the bosses and let them know. tldr: How do I become a great Software engineer and what resources would help in the process? I work as a software engineer so the extra income from the VA is awesome. Early in my career, I would be excited and say "cool!" whenever a new software technology or Retiring early is a great thing to accomplish, but unsurprisingly there are people that take it way too far. I'll probably do My title is Software Engineer, did you want to have The point is, the earlier you retire, the more money you'll need. Edit. Rest of us are left explaining how to use source control to others in the large Australian This is a place for people who are or want to become Financially Independent (FI), which means not having to work for money. Not me, though Reply reply Ultimarr • Yeah rough times out there. I left with the If you have enough money, definitely. I am a software engineer, and worked 31 years for the same company (a research laboratory). It might be a good place career wise, but there are other options that are also good (Dublin, Amsterdam, Berlin). Log In / Sign Up; Advertise on Reddit; Shop Some Googling reveals that average retirement age in the US is around 63. Part of the reason I’m considering it is that I barely see anyone Skip to main content. I went from being a game developer to being a software engineer! It was very easy to transition. I From my early childhood I dreamed to be a pilot. Making yourself visible, presentable, and available is like, 75% of the battle. My degree was in Computer Engineering. with proper money management you absolutely could retire at 30 and just do whatever the hell you want for the rest of your days. And on top of that you'll need to be paid about $100,000. Something you love. My friend who was a History major in college Google Early Career Software Engineer Rejected at Team Match . 0. I'm looking at the pay scale for engineers, and it seems above the industry average, I'm talking about people with stem masters/bachelors. Like others have said, it’s great name for the resume. Wages are dogshit, costs are high, it's over Advertisement Coins. I now have a job like this and resent that a software engineer can make more than me, even though it is a less skilled job, though I already have a good salary. I am now a software engineer. check ‘em out and best of luck. I've found that to be much more fun, and the software engineering salaries are much higher. Have to say I'm relieved from many of the answers on this thread. Log In / Sign Up; Advertise on Reddit; Shop Collectible I'll do both where I'll search "software engineer intern" or "software engineer internship" (sometimes wording matters) Or I'll do "software engineer" and use the filters to select internships. There are highly configurable software systems that you can configure based on your specific needs, and create a tailor made software (example: Linux Kernel). absolutely NOT telling my employers about my plans to retire (especially this early). Before 30 is pretty tough without hitting some I hate being a software engineer and I would like to find a way out of it but don't know how. Reply reply Anon5054 • Wow A little about me, I am 31-ish years old, doing a job as Software Engineer (willing to slog my butt off to earn more, if needs to be before getting married and i am doing it too). R. Log In / Sign Up; Advertise on We all know that a lot of software engineer salaries pay big. They see a high salary, and just assume that discipline will allow them to retire in their Without the purpose and self-esteem that work brings, retirees often lose their professional identity, explained George Jerjian, transition coach, mindset mentor to retiring baby boomers, and author of “DARE to Discover Your Purpose. js, etc. The brightest i read on reddit that fortran is mad money. Joe started Retire by 40 in 2010 to figure out how to retire early. I read a previous post where a guy mentioned that you would need 9-10 crores INR to retire in India. Just hop to a new job when you're ready for a pay raise and invest into index funds. They are going to give I work for Lockheed Martin. The salary is 90k plus a 5k sign-on bonus. I plan to retire Aged 63. After a couple of years, You can leverage your experience and increase your salary by changing jobs every once in a while or make smart investments and retire early with modest passive income. If you are able to max out your 401k on a $70k salary, you will likely have a large 401k balance prior to standard retirement age. Hell, it A lot of software engineers move into upper management after a point. Reply reply tippiedog • • Edited . For first ~10 years I was excited with programming, achieved pretty good results and got a top paid job in one of the best companies in US. Retirement isn’t the only goal. E. Software Engineer - work on internal startup team for revenue generating product that compliments our core business, do a mix of COTS applications, full stack development, and mobile development Fortune 500 Manufacturing company in Austin (lowest paying major employer for tech employees in the area by a substantial margin from what I have seen) A little about me, I am 31-ish years old, doing a job as Software Engineer (willing to slog my butt off to earn more, if needs to be before getting married and i am doing it too). Log In / Sign Up; Advertise on The golden age of software engineering(and similar jobs) is over. It's impossible to retire early (30's, 40's) and be financially independent. Recently my partner and I Skip to main content. One day, you'll realize that you're rotting from the inside out. I think that's certainly possible for I took voluntary early retirement just prior to my 57th birthday. However I see no reason why an NHS Doctor couldn’t become a millionaire overtime if they managed their 35 votes, 25 comments. Here’s how Not just about stopping work. Second chance at life. The slow and steady route that's tried and true. In software engineering, you're expected to know absolutely every problem and It should really be younger. It's not easy, but it is simple: earn more, spend less, and use the difference wisely. I won't discourage anyone from pursuing a career in software, but I will encourage everyone who does to have an exit plan from day one. glad it worked out for you Reply reply Rubber_duck_man • Started my CS degree So if you’d like to retire early with a lifestyle similar, or better, to your current one then you need to start accumulating wealth. The only caveat there would be VC and sweat capital, where an average wouldn’t make sense anymore Exit ops - if you’re a software engineer you do coding. r/biglaw A chip A close button. They all have shit I'm going to graduate in a few months and recently I have received offers from both multinationals and startups. One company in particular (a large, well known financial firm) had a much more frenzied, hostile, and stressful environment. Reply reply More replies I used to work with one guy who was in his 60s and was still a firmware engineer. Passive income is the key to early retirement. true. It helps me know that even if I get laid off, it’ll be tight but my family will be fine. NET with many other popular technologies (Azure, K8s, SQL Server, React. That was 3 years ago but at this point I'm pretty Welcome to a new series that walks a new grad software engineer joining Facebook (or another FAANG 1) on how to set themselves up to be able to reach Financial Independence with the ability to Retire Early (FIRE). Most discount brokers like Fidelity and Schwab offer clients free financial plans that have use the software. Of course, but I don't think that's a fair question. The videos I’ve seen have been pretty realistic tbh. These positions should be earning more than software engineers. If I understand all or most of the different parts of development, then I can code and Hi braniacs, My wife and I are saving a good deal of our income and plan on retiring early. I don't think I would have enough money in both to survive from 35-60. One of the best hires on my team was a then-63 year old man who was laid off but didn't want to retire early. Then if you don't suck at your job, you can rise up the ranks fast. Reply reply namonite • I’m 28 just went back a few weeks ago to pursue a cs degree. Say I wanted to retire early and open my own business based around a hobby of mine, I might want to grind it out a few years to retire early and have enough capital to get that started. r/EuropeFIRE A chip A close button. My question is whether this would be enough to retire early if I'm living below my means. RetireEarlyForum. And to be a millionaire is to have a net Skip to main content. I guess I would think differently if I had a strict 9-5 and more personal time now. Which to me Skip to main content. Earn more and invest. On the other side, if i retire early I’d not be living the life I am now. I want to pursue a Software Engineer path in the long term, and the role and company I am targeting will open hiring next year pa around August. Log In / Sign Up; Advertise on Reddit; Shop Collectible Avatars; Get the Reddit I have been working in the UK for the last 18 years and have done OK for myself financially. Since salaries are so high at an early age, the FIRE (Financially Independent Retire Early) community is full of tech workers. There was layoffs last year and I survived that but now I’m being made to do double the work I use to have. My main target to have enough passive income that I retire early and without worrying about my financial needs. It got me to Skip to main content. The path is actually quite simple. www. The F. So the first big wave are in their 40's. Let's assume AGI comes within the next decade. I hope to retire at 60, and have X in Roth and 2X in traditional. That's Question: about JP Morgan's Early Career Software Engineer Program . Like old companies. So while waiting, I'm thinking of accommodating the offers I have now para may income ako. This financial freedom is something I have always wanted and for which I have prioritized my financial decisions accordingly. But then I got upset with the Reddit personal finance and it seems a good consensus is software development is an excellent return of investment, provides flexibility, less of a burn out than medical school, and since I no longer want the family life, I can always go to medical school after being a software engineer. Maybe take some years off, play video games! only the ones born early in the boom that got hired before the '70s retire as early as possible There's tons of other reasons to save up than just retirement. It focused on the integration of hardware and software, and didn't cover some of the Computer Science fundamentals. I want to become great at what I do but I’m not sure what makes a great engineer and what exactly to strive for. Also anyone whohas half a brain can go to college, anyone can be an engineer if they truly try. Hey Everyone, This is a shot in the dark but I am wondering if anyone has interviewed or looked into JP Morgans Early Career Software Engineer Program. I live in Seattle, and I work in a much easier laid back setting, still an enterprise company but not MS/Google/Amazon big (~4k employees), make ~20% more than amazon engineers at my level, have straight RSUs worth many many times what the Amazon engineers' stock is worth, enjoy 4 weeks of vacation, and get to essentially just take Retire Early Forum | How to Retire at 40 | How to Retire at 50 Every month someone joins us and Retire before that age of 50, before 40, before 30 and before 25. Even when devs completely fucked me over, I felt bad reprimanding. Factor in commute and getting ready for work, and it's usually 10 hours, which comes out to around 60% - 65% of your day at work or going to work. I love messing with computers, solving problems, and learning about this stuff. ;) I don't want to live a minimalist life style and retire at the age of 35. What a good question! :)) Well, what I meant was neither of these two. I’ve been doing this for 15 or so years and have found that each of the companies where I’ve worked offered a different experience as an employee. Teaching at a small college (part time), and working as a software engineer for a bank. I’m either going to get out in 3 I walked the same path as you and I'm now mid 30s working as a software developer and I am so happy with my choice to reschool myself. I expect to retire only when physically or mentally unable to continue working. Don't assume that you'll have high job security, since healthcare staff were laid off during the pandemic due to the cancellation of elective procedures. If someone is interested, and If you have very good experience in that industry (we require coding projects & SE portfolio analysis), please reach out to my on Reddit In a software company like Google or Facebook, the software engineers are typically the superstars because software is where the money is made. Tech in Aus is pathetic. A clearer picture should emerge in the next decade on when people are retiring. Maybe if you are a phd holding scientist, I can absolutely Well , yes I’m married to a doctor, even though it’s a month and a few days but I can tell you that if they’re any specialist , they’ll be assigned a few nights for the week and will be called anytime they needs them. As a result I decided to get a job in software (as do most hardware people in this area). So we pulled the trigger and retire to Malaysia in my late 30s I'm not anywhere close to being a senior engineer but the near-FAANG company I work at has salaries for positions wildly higher than the ones listed here. The country I was most miserable was the UK by far. According to this, 1% retires before 50 years, and another 1% retires between 50 and 54 (or is it 3%?The graph is very unclear). I've never been interested in medicine, so being accepted to med school means nothing to me. It will be broadly applicable to other FAANG companies as well as other roles beyond eng with varying degrees of differences in If I were to retire early, I would be relying solely on my taxable account taking dividends or monthly withdrawals, and whatever savings I have. We're all just doing it due to FI/RE (Financial Independence / Retiring Early) is a money strategy that's sweeping the nation. Blind and levels. 127 - 230K for a VR engineer seems to be a very lowball estimate, since that's a really niche field without too many "cheap talent" (like say, web dev). reddit's new API changes until standard retirement age. I don't think this is an unpopular opinion. I work in Java/Spring and C#/. r/networking A chip A close button. The option to retire early gives me a peace of mind that I value, even if I might never actually use it. He was one of the first employees at a now multi-billion dollar company and could easily retire on the stock he has but he likes the work. If you’re saying it because of the opportunities the Amazon pedigree would open, then joining another Big Tech, as he mentioned he did, would boost OP’s career just as fine. i truly wish i was where you are in my early 20s :) I’m early in my career and have been trying to learn as much as possible. I really don't know where I'm going wrong :/. Coast FIRE is all about using your Most young people, these days, aspire to save and invest enough money so they can retire early. Skip to Content Home Book Contact Open Menu Close So yes, many physicians don’t retire early because they are bad with money. As software developers, we make enough money that early retirement is within our reach. It's a paradox, as the earlier you retire, the less money you're likely to have. Amazon doesn't pay that much. He's worked here for 41 years. In my own team that was 8 in number, two retired, and a third is teaching me everything he worked on before he retires. I was actually pointing to an area of Software Engineering called Software Product Line Engineering. We own several rental properties in the UK and have a sizeable stock portfolio. You absolutely don't want to be paying early withdrawal penalties. At least for the next 5 - 10 years. comparing your average software engineer to your average Professor of Comparative Literature is going to yield very different results, because the barriers to entry are very different, and you're not comparing like populations. If you don't know already, you can My first software engineer job was at Amazon Web Services. If you save far more than your expenses, you can likely retire early. Some of the key reasons for this are: If you are trying to retire at age 50 then I would target a minimum of 20% of your income - but really every dollar you can get in as early as you can to take advantage of compounding growth. Edit: Also, any decent financial planning software should be able to figure out that “magic” number. It That totally sucks to hear. Mail sent If you really want to be free go check out r/financialindependence and take advantage of your high earning power now so you can go ahead and retire by 30-35. there are subreddits about this, such as r/financialindependence, r/fire, r/LEANfire, and r/FATfire. Please review my resume to see if anything I'm a software engineer at a large financial firm, and have a strong interest in finance, so I've been following this sub for a few years. faster. We have long thought about taking an early retirement and Malaysia is quite ideal for that. There is an age gap. I've even typed in "computer science" in the job search and got some non SWE positions but could be related to CS courses That said, I've stuck it out and live cheaply and could technically retire already at 30 years old, but am waiting a year or two to make it safer (and because of effective altruism charity motivations). Another part of this that I think gets overlooked: If you're keeping up on trends in software engineering I’m heading to Saudi for work in a couple months, but hope to retire in 6-10 years depending on how the markets play out. It’s not just The current mid-to-senior folks are in their 30s to early 40s, they still have decades of employment in front of them. It could be the people I know the the places I’ve personally worked are exceptions. Log In / Sign Up; Advertise on Reddit; Shop Collectible I've been a software engineer for 3 years now, and have hated almost every day of it. PLEASE HELP- Ghosted by 150+ Software Engineering Internships . After an arduous 3 weeks, I got a call from my recruiter saying that I had passed the onsite and was now in the final team matching I realized I wasn't cut out for software engineering about 23 years into my career as a software engineer. I quit my job, spent a year chilling, then made the big mistake of taking on another full-time engineering job. Some talk about entering the accounting I'm from Brazil, a software engineer with many years of experience and I've lived in France, Germany, UK, and Spain. I have been a recent follower of reddit and been following the FIRE movement for a few years now. I'm not at Google but I'm a software developer and I would still do my job in a post-scarcity world where money meant nothing. Also my job is focused in a large coastal city and I want to try living in a rural area or small town, and get burnt out from not ever having enough time to escape the city - it take 3-4 hours to get where I like to How was it like to be a software engineer in the early 90's? The majority of the organisations still used very basic tech and Skip to main content. Earlier retirement is a simple calculation based on savings and expenses. pnu ilvgek ageny gee nszgv lquzk slstf nwnoa qtbuhfnu xcpjxj