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mmm94720

6 karma · joined September 28, 2017

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mmm94720··on Three Paths in the Tech Industry: Founder, Executive, or Employee
Let me describe a typical mid-career Silicon Valley salaried tech worker scenario. YMMV of course.

Base comp 200K

Bonus, stock, 401k match 50K

Total gross comp 250K

Expenses:

Taxes 40% (30% fed, 10% state) 100K

Rental housing 40K ($3300/month)

Food 15K

Transportation 15K

Discretionary spending 20K

Total expenses 190K

As a result, you can comfortably save $60K per year. Of course, kids and housing options will add greatly to your spend.