krishanath

In the best case scenario, what net worth can a typical Google or Facebook engineer (not the highest paid, but the average engineer at Google or Facebook) expect to have if he/she retires at 55?

One estimate I have seen is $1 to $2 million USD, which I think is too low [1]. I would estimate it at at $7 to $14 million USD.

Here's the back-of-the-envelope calculation I used to come up with this number: Annual salary: $250K. Assume 25% tax, which leaves us with $187.5K, which is about $15K per month. Assume $5000 in monthly expenses, which leaves us with $10K per month investable money. (Note: since net worth includes house and 401(k) I have not deducted mortgage or 401(k) payments). So $10K includes those items.) Now use a compound interest calculator [2] to see what $10K per month at 8% interest (assume investment in S&P 500 and allow for some market crashes) will result in, at the end of 30 years. It is about $14 million, which would include your house and your 401(k).

[1] https://www.quora.com/What-is-a-good-software-engineer%E2%80%99s-e-g-working-at-Google-etc-usual-net-worth-by-the-age-of-55 [2] https://www.investor.gov/additional-resources/free-financial-planning-tools/compound-interest-calculator

I uninstalled all Google's apps from my iPhone and reinstalled them. Even after re-installation, Google Maps still knows the Google account you previously signed into. How do they persist identity on your device? Doesn't iOS remove data when you delete the app?

How can you force-remove the sticky identity whether or not an app allows you to?