Downvote if you far off, upvote if you are close/over
35 replies (most recent on top)
@jc I've accumulated a $2.4M net worth as a tech in the Fab (AZ). House will be paid off in 5 years and I'll retire shortly after at 59 1/2.
It's not what you make, it's how much is left over (and what you do with it).
The tech retirement plan is to basically work in the fab until a life altering event. :( the pay and bonuses are pitiful.
@hw Alimony alimony payin' your bills -which song?
I would like to take this opportunity to warn the younger people (mostly the guys) about divorce and remarriage, if you’ve been around Intel long enough you know of at least a couple of old timers that divorced their first wife, got remarried, had more kids, and in some cases even divorced the second wife and got a 3rd. These guys even if grade 10-12 really messed up their finances and now when they should be able to comfortably retire they cannot. Alimony, child support, 1/2 your stuff goes to her in the divorce. Think about it carefully guys. You will be sc3wed later!
too close and not enough
Looking for the nicest bridge around.
This is a big BS d-c- measuring contest. Everybody has their own life and circumstances up to this point. Comparison is the thief of joy.
Hope everyone realizes that these circumstances had nothing to do with them in most cases, and you all make the best of it.
Well you can half all your stock and Bitcoin investments by half in a few months when the economy collapses.
- 5 years with $1.5M on the books houses included here !
I put my erp package money in Clm cornerstone it pays out monthly dividend check I live off that.
42 years old, 2 Million in combined assets with my spouse excluding the house. House is not paid off, not even close to being paid off. Want to be fully financially independent in 8 years ( when I hit 50).
I don't even know how much money I need to be financially independent. One thing I am sure is that I want the house to be paid off.
Bought every house (or building) I’ve lived in since 27 (I think I paid like $85k for 1500 sqft for the first), still own most of them, all make money. Some make crazy money.
I could look up how many vending and ATM machines and such I technically own across the country but I haven’t touched one in over a decade. Still make money paying someone else to refill them, or so my accountant tells me.
Still part owner in a laundromat, vegan deli, dive bar, and cleaning service in towns I no longer live in. I’ve helped finance at least a dozen small businesses for friends and family, most failed, the remaining made up for it.
401k matching? For the short time offered I’ve taken advantage of it and it’s great have the tax deferred free money from Intel making me more money, but all in all it’s not a lot at this point. ESPP? Sure, guaranteed minimum 10-15% 6 month return sounds great, and paying short term gains to ditch that stock and invest in companies with real dividends has been even better, still it a lot in comparison. Old Intel profit sharing account has been quietly sitting in a corner earning some money too (most of the time), my high risk growth playground.
I have a rough idea of my net worth. I know I can retire any time and live comfortably, even beyond my current burn rate if I wanted to go full crazy retiree. I know I make more just in bond yields each month than I made my first year working as a grownup.
But I didn’t sit on my butt getting here. And I’m not sitting on my butt now. And I have no intention on sitting on my butt if Intel decides they can’t afford me. My net worth isn’t my motivator for work, I just like doing things I’m really good at and people keep paying me for it. I’ll probably work another 15 years if someone will let me.
Millions. Definitely in the tens, nowhere near 100. Genuinely enough I stopped looking at it or caring about my salary. I don’t think twice about buying things I need or flying family out or how much the kids’ tuition is this semester. It’s nice.
The retirees with their 20+ years and life’s work is what go is here to the place we are in today. So applaud them! Lift up a glass and toast to them! They are the real heroes! They aren’t abandoning a sinking ship and leaving someone else holding the check.
I don't believe any of these posters who fail to provide their WWID, except the banana guy of course.
25 years at Intel. Paid off house, 5 mill in Fidelity…….also foolishly have kept about 300k in Intel stock because for some reason my blood is still blue. Drank the Pat Kool Aid. Just retired in December.
Retired after 27 years. Grade 9 IC, Age 63, Net worth $5.1 million
You forget that when you can't find a job for a year, your wife will divorce you and take half! Sell your car and buy a bicycle to get ready.
Looks like the Social Engineering Troll has harvested a new crop of sheeple to fleece.
By all means keep giving out demographic info on this website, to help the hackers better know their targets.
I am far from retirement. If I get laidoff, I will have to put in extra hours on my side hustle.
OnlyF-ns/Intel_Inside
@d4 I only worked at Intel for 15 years, as a 55-56 MT, still paid off house and have 600k in cash and addtl assets.
If you worked at Intel for 25 years you should have paid off your house and have at least 1/4 million in the bank. Unfortunately, this layoff is so big that no one will be hiring and you'll have to sell your home and all your savings will disappear in a few years with inflation.
20 years from retirement, 1M thus far, may reture early
I married a woman from Singapore. Her family is well off. and they're all about family so, no worries on my end. The father seems to understand the sh-t show that is Intel
The retirees are the heros of this company. They made Intel great!
- 2M and ready!
800k. I'm a millennial in the messy middle of my working career.
Two years until retirement and that will hit my goal of 45 years at Intel, but we will see how things go. I have saved a fair amount but honestly is it ever enough.
@a1 If you've been saving that banana since they stopped giving out free fruit... it must be one really brown banana today.
10 years close to retirement
$350k saved.
Close to 0.5m saved, 3 years close to retirement; hope to work as CW after
- 2 million still working at intel not at the number yet
About $2M between my wife and me. Planning to retire in 3 years. Wife is younger and planning to work another 7 years or so. If I get laid off I’ll just retire early.
9 years from retirement.
$1.7M saved in my accounts. Wife has another $300K in hers (late to the game).
@OP, I’m two years away from retirement and that would make my goal that I had in mind of 45 years with Intel, but we will have to see how everything goes. I have saved a fair amount but is it enough. Honestly this may sound stupid but I can't say exactly how much saved and I probably wouldn’t anyways but my wife handles the finances and she is so much better at it.
I'm 24 and this is my first job out of college.
1 banana