Well it depends on your personal circumstances. As per the 4% rule, you can definitely live off $80K with a family. That's above the US median wage by a large margin. You could live on $40K too, which is terrible if working but completely different if not. Again, this will depend on what you value in life.
Think about what not having to work actually means. There's a list of advantages that is too large to properly enumerate. Being able to see your children. Eating correctly and cheaply. Engaging in intimate relationships with vigor, time and energy. Being in great health. Fixing maintenance problems yourself. No career forcing you to live in a particular place. Traveling inexpensively when you want. Less obesity, stress and copium. Have hobbies and self-actualization. All of this in years that still qualify as your prime instead of when your body is failing you. The same salary when not working is like operating in a different world.
And ironically this would also give you the time to pursue entrepreneurship or any number of money-making ventures if you are so inclined. Heck, just go part-time if you miss it. If you are a FAANG person you can have a higher salary than people's full time.
Most people will not have that opportunity. I certainly won't, barring some miracle. But you have it. What will you do when you retire at 55 and realize that pretty much all of the really healthy years of your life have been spent in an office? Great, you've got a comfy retirement but it's too late.
Think about what not having to work actually means. There's a list of advantages that is too large to properly enumerate. Being able to see your children. Eating correctly and cheaply. Engaging in intimate relationships with vigor, time and energy. Being in great health. Fixing maintenance problems yourself. No career forcing you to live in a particular place. Traveling inexpensively when you want. Less obesity, stress and copium. Have hobbies and self-actualization. All of this in years that still qualify as your prime instead of when your body is failing you. The same salary when not working is like operating in a different world.
And ironically this would also give you the time to pursue entrepreneurship or any number of money-making ventures if you are so inclined. Heck, just go part-time if you miss it. If you are a FAANG person you can have a higher salary than people's full time.
Most people will not have that opportunity. I certainly won't, barring some miracle. But you have it. What will you do when you retire at 55 and realize that pretty much all of the really healthy years of your life have been spent in an office? Great, you've got a comfy retirement but it's too late.