It's definitely not feasible for most Software Engineers in Europe without extreme sacrifice, and fairly low expectations wrt to standard of living in retirement.
Retiring at 50 is extremely risky in terms of sequence risk[0], so you'd want a low withdrawal rate on your pot. You're also likely to want a higher income initially while you're still young enough to enjoy it.
So let's say your target is €2M for a €60K/yr income until you die, after a 25 year career. That gives you a couple years of fucking around after college / some bad years / gaps.
To achieve that over a 25 year, investing in to a smooth 7%/yr bull market, you're going to need to invest €2,500/mo. That's something along the lines of €50K/yr of gross income (assuming 40% tax).
Most software engineers in Europe probably don't even make €50K/yr... and we haven't even taken in to account taxes on gains, raising kids, buying property, or just enjoying life throughout your career!
[0] https://www.investopedia.com/terms/s/sequence-risk.asp
Retiring at 50 is extremely risky in terms of sequence risk[0], so you'd want a low withdrawal rate on your pot. You're also likely to want a higher income initially while you're still young enough to enjoy it.
So let's say your target is €2M for a €60K/yr income until you die, after a 25 year career. That gives you a couple years of fucking around after college / some bad years / gaps.
To achieve that over a 25 year, investing in to a smooth 7%/yr bull market, you're going to need to invest €2,500/mo. That's something along the lines of €50K/yr of gross income (assuming 40% tax).
Most software engineers in Europe probably don't even make €50K/yr... and we haven't even taken in to account taxes on gains, raising kids, buying property, or just enjoying life throughout your career!
[0] https://www.investopedia.com/terms/s/sequence-risk.asp