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No you need to work 15-20 years, depending on tax rates.

Unless you meant 130k after tax (which is doable today for many engineers).

This is a very important point because taxes affect decisions around money.

For example, the ability to contribute to a 401k plan can defer $18,500 a year from taxes per person (more if over age 50, and more if there is a company match). For someone with a $130k gross, the employer having a 401k plan or not could affect the choice of which job they choose.

Only per person if you are are dual or multiple income. For some asinine reason 401k limits are not only very low, but don't take into account how many people are going to depend on that 401k.

In what world are 401k limits low? Between you and your employer, you can contribute up to $55.5k/yr to a 401k, more if you are over a certain age, I think it's 50.

I should have said "per employee" not "per person" which could be misconstrued as "per household member".

As the other commenter pointed out, why do you think 401k limits are low?

You're missing the part where you invest the money as you save it.

Ah, so I was. Fair enough.

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