zlacker

>>zuhaye+(OP)
It's always interesting to think about how someone somewhere is earning as much as you earn in a decade or lifetime in a single year. Also that you are that person for someone else.

>>giantg+46
This is a good point.

I look at 900k$ and think wow from the perspective of my very well paid job in France.

Getting 900k$ a year would bring great things to me and probably make me retire earlier. This will not be life-changing though.

And then I think about people who earn 5% of what I do and for them multiplying their income by two would probably be truly life changing for them.

And then these 900k$ do not look that wow anymore.

>>Brando+Fd
I'd call "may retire, or work on whatever you want for the rest of your life, after a few years of saving" life-changing.

>>marvin+mD
Twice my salary will not allow me to retire much earlier and sustain my level of living. Maybe ay 1M€/year that would be doable.

>>Brando+kd2
If you don't increase your standard of living, it will. (Or the other caveats of course; assuming you're not already close to retirement, impending economic catastrophe or whatever).

Doubling salary post-tax will at the very least put you at a 50% savings rate, and that yields a time from zero to financial independence of 16.5 years. Assuming historically-similar stock market returns and a safe withdrawal rate of 4%. This relationship does not depend on absolute numbers beyond those stated above, only savings rate.

Most likely you'd not be starting from zero and having a positive savings rate already. Whether you'd be comfortable doing this is a different question. Many would never be, and hence never completely comfortable retiring.