{ "media_type": "text", "post_content": "So has anyone left a job without having another one lined up? How much savings would you need to have for a worst case scenario? I’ve always heard 2 month’s salary but with the pandemic everything seems so much more dire. I’m not saying I’m going to do this but right now my mental health is at stake.", "post_id": "606f4bfcf1034d002a61a33c", "reply_count": 11, "vote_count": 5, "bowl_id": "5b3f7377ab53db00136f7b4c", "bowl_name": "FIRE Financial Independence Retire Early" }

So has anyone left a job without having another one lined up? How much savings would you need to have for a worst case scenario? I’ve always heard 2 month’s salary but with the pandemic everything seems so much more dire. I’m not saying I’m going to do this but right now my mental health is at stake.

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Yes. It’s easier if you have a SO with an income stream, but even without, you can make it work. In current market, would aim for 6-8 months of a cash cushion if you can stand it that long. My grandmother used to say “you got this job, you’ll get another.”

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I wouldn’t chance it with anything less than 6 months. Some companies, it can take a few months to get through the the interview/offer/acceptance process. You don’t want to end up taking something else I of panic.

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*out of panic

At least one year of savings. Source: my experience before the pandemic.

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Eh this is excessive. 6 months should be fine

I’m considering doing this now and have about 1 year of expenses in cash. Probably overkill, but the peace of mind is worth it to me.

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Before age 35, Many times. After 35, don’t know yet.

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Yeah I’m in my 40’s...the only other time I’ve done this was when I was 25 and it took 2 months to land a job. I had no savings then...lived off condiments and slept on the floor.

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The higher you are the longer it will take. A friend of mine who was a CTO got laid off when the company was acquired. Took about a year and a half to find the right replacement.

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2 months of savings? It’s always been minimum 6 months.

This is going back to 2005...so I’m dated. 😂

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