I’m 28 and have around 600k with maybe 65k in emergency cash. Unfortunately I live in a HCOL area in the US, but am thinking a 6-12 month sabbatical would do wonders for me both in the short and long term.
I’m just looking to get some advice from the community here. I have a stock grant coming up soon that should help cover at least 6 months of expenses as well.
I’m not really interested in finding another job first then taking a few weeks off as I don’t feel it’s the job specifically but my current state of mind and health.
I'd also suggest a little pet project while you travel. 6 months to a year is a long time, so it's relatively easy to spend an hour or two a week on something that you kinda wish you had picked up before but hadn't given yourself the time for.
About 2 months before your sabbatical ends, start putting feelers out there for another gig. Gives you a little bit more time to start re-adjusting
Go out into the world and become a true human being. Someone that feels and watches. Someone that spends time on small beautiful things that are not tech based.
Cook, read, swim, bike, breathe. Walk, hug, love. Quit your job please.
Use at least half of the money before you return to work. Please. Use the money. They are worthless if you don't use them on seeing the world and becoming a real human.
And get some therapy. Of goodness sake find someone old and wise with a gestalt or other cognitive therapy degree.
Take it easy and live.
* Spend a little time thinking about what you're hoping to get out of this break. Try to come up with some concrete goals. Write them down. It doesn't necessarily have to involve an extensive to-do list, which might feel overwhelming. But maybe a handful of goals related to your mental or physical health?
* Do you rent or own your home? Can you sublet or rent out? Consider spending at least some of the time in a different part of the country. If there's some place that interests you and has lower cost of living, all the better.
* Let you professional network know about this. And try to find some time to reconnect with colleagues and friends during this period. This will likely help you when you're ready to return to work.
* Be mindful of the fact that you are in a position that is unattainable for practically everyone else. Very, very few people have the financial means to stop working for an extended period. Don't take the break for granted.
* Traveling can broaden your horizons, but it also has a way of helping you better appreciate what you have at home. As Chesterton wrote, "The whole object of travel is not to set foot on foreign land; it is at last to set foot on one’s own country as a foreign land."
* I'm not sure where your interests lie, but one important contributor to personal fulfillment is helping others. Consider looking for opportunities to volunteer.
* A lot of people think burnout is purely a result of being overworked. But researchers who study burnout point out that there are two other contributors: cynicism/detachment and inefficacy. Basically, if you're not finding meaning in your work, and you're not seeing the fruits of your accomplishments, that can burn you out even if you're not particularly overworked. So when it's time to return to work, be on the lookout for these things, because you don't want to go through this cycle again.
If you can lower your hours/day AND if you can take few days off much more frequently - that should help in the long term.
That said, a year-long break doesn't matter at all in the long run. You should travel around and have fun. There is this quote, "in youth, we often lack money, in middle age we lack time, and in old age, we lack energy." Your circumstances are quite favorable as you have all three of them. So have fun man and come back stronger.(that is if you ever want to come back)
Work will always be there. I’ve been working for 45 years. But getting a chance to explore, learn, do whatever when you are young is the best. The most boring people I talk to at parties graduated at 22 and I’ve been doing basically the same job forever. If you saved that much money, you obviously know how to work hard … spend some time to make yourself an interesting person. You have a whole life to accumulate responsibilities.
You're in a great place with your savings. I say go for it! You'll have the adventure of a lifetime.
(There's a nonzero chance of being hit by a layoff in this time no matter what you do or where you work, so you can kind of hope it happens and take your extended time off if it does.)
Your employer is likely down for you to go part-time. Not clear if unemployment or new job will actually help, and even if so, way better to find a new job from a position of employment vs unemployment, esp as there are good reasons to think employment market will be even more brutal EOY.
I've taken myself out of work 3 times. 12 months, then 6 months and now currently 24 months. Between and around those breaks worked at various silicon valley companies (nvidia, google, startups, major open source non profits)
The problem I have is that companies will generally look for any excuse not to hire people. A year gap is a red flag, and you 'should' be perpetually 'grafting for money', and my skills (even though React, Redux and HTML haven't changed at all in the last year) are considered out of date.
Eventually I will find a job, and I'm not trying to hard. I worked on a sideproject during my time off to keep my skills active, and I'm not in a rush to back to work.
But in terms of what I got out of it, I went to a bunch of music festivals, started going to pubs and clubs a lot more, and started enjoying life a lot more.
Do it. Travel, take up hobbies, explore side projects, potential alternative careers or just make your bed, tidy the house and get some exercise in. Try and make it a little constructive.
You've put away a decent amount of money, now's the time to take the mental pay off which that security buys. When you're ready work opportunities will still be there.
I tend not to tell too many friends or even relatives what I'm up to - many can't understand the luxury of being able to afford to it, or the feeling of needing to do it. Those I do tell I often call it a sabbatical - seems to fit within their mental model more easily then.
Life's too short.
Fulfillment will come from meeting your life's goals. If you don't have any then, well, that's a problem you need to solve first.
You say it isn't the specifically the job too...
Taking work off could help, but if the job (or working in general) isn't the root issue, taking time off work might not help.
You have plenty of savings to afford to spend some of it to figure out. A different question you maybe should be asking is not if you should take the time off, but how to spend that time.
Looking back to that year I am happy to say that I wasted a year of my life with nothing good or productive that come from it. But maybe that was exactly what I needed to go through.
If you feel like doing it, than why not do it. Life is long and you can always revert.
You're 28 dude. Go spend 5% of the cash you have in the bank and travel the world for a year.
I have never regretted it.
Take the 600k and go somewhere cheaper for awhile.
You'll never get younger and your health is the most important thing for the remainder of your life.
I’d also look into buying real estate for the 600k and renting it out - this could fund your sabbatical indefinitely.
That caveat having been provided: I did something similar approximately 20+ years ago, and found it was to my detriment. Employers traditionally look at 'gaps' in a resume and question you about them, asking what you did during that time. It seems to be part of the capitalistic intent of wanting to make sure all of your time is spent productively. Even gaps that correspond to worldwide economic downturns sometimes are questioned by people who have short memories.
But to perform yet another 180-degree turn: certain decisions shouldn't always be made with the utmost arbitrer being how it affects one's career. Health - both mental/emotional health and physical - is the utmost of importance. More cerebral people sometimes tend to shrug that aside because they have an incorrect perspective that their mind chooses where their body goes, that they are "driving their meatpuppet." In reality, the body is equally capable of calling a full-stop and has a very symbiotic relationship with our mood. It can't be ignored.
Anyway, my $0.02 FWIW.
I really enjoy my work, but I still took this opportunity to try new things and be able to really live in the moment without any responsibilities or appointments getting in the way.
You have PLENTY of savings to do this. Money should not the concern. At your age, I don't see any concern with taking the time off.
If you were much younger or much older, MAYBE there would be some concern about the employment gap or experience gap, but really even that is a stretch.
“Are you taking proper vacations?
I mean for 10+ consecutive days. Completely disconnected from work. No email etc.”
Highly recommend it if you’re able to.
Definitely recommend it.
I'm old enough (40s) that I fear my career would never recover.
Also consider that your HCOL area is part of the problem.
you can do anything you want. you're CEO of your life. you're young. have lots of cash. just recommend to spend more on the frugal side while income is zero. theres a recession in software anyway.
You may be overestimating the time you need to "recover"...my guess is you will be fine after a couple of weeks of low stress and a change of scenery
As to living in a HCOL area...the stress won't end, look at relocating.