Google engineer plans to retire at 35 with Rs 41 crore in savings. Here’s how

A 22-year-old Google software engineer who currently has an annual income of Rs 1.60 crore including bonuses and stock units has planned to retire at age 35 with savings of up to Rs 41 crore.

These are the days when young people look forward to earn big money in their early years and retire early in their life. Ethan Nguonly is one such software engineer who has perfectly planned to retire at 35 with over Rs 41 crore in savings.

Ethan lives in Orange County in California and credits his parents for teaching him the importance of saving and investing money for wealth creation.

"When I was younger, the main thing I was thinking about was, 'All this money keeps getting bigger, keeps growing, and I'm not doing any work for this,'. This really exposed me to the idea that my investments could make me money instead of me actually having to actively work for it," quoted NDTV as told by Ethan.

Ethan completed his computer science degree at the University of California, Berkeley, in just two years. After his studies, he stayed with his family to save money and avoid expenditure on his house rent.

Currently, he has invested around Rs 1.11 crore in his retirement and investment accounts including homes in Florida and California. He has planned to invest 35% of his take-home salary each year to expand his real estate portfolio in the days to come.

He lives an austere life and doesn't spend huge sums of money on food as Google provides free breakfast and lunch. He doesn’t even spend too much money on buying branded clothes, but wears simple and affordable clothes.