For a software engineer, or really most professionals, $2M really is not _that_ much in terms of retirement.
It’s absolutely enough to live a frugal retirement on, but not some sort of massive nest egg. You can safely withdrawal about $80k/year from that without it diminishing.
Don’t get me wrong, that’s the average income in the USA, but most deep career professionals would be taking a step down in terms of purchasing power. No real source of income means you can’t really finance anything. Major purchases are essentially pulled straight from that nest egg.
It’s absolutely enough to live a frugal retirement on, but not some sort of massive nest egg. You can safely withdrawal about $80k/year from that without it diminishing.
Don’t get me wrong, that’s the average income in the USA, but most deep career professionals would be taking a step down in terms of purchasing power. No real source of income means you can’t really finance anything. Major purchases are essentially pulled straight from that nest egg.