I find it so fascinating that people think they will be rich after becoming pharmacists, dentist, lawyers, or doctors after graduation. Wealth is built up through businesses, practices, or long term investing and not by being an employee. Here's a financial breakdown I did for myself. I plan on living in California after graduation, and this is the projected picture for myself. I am a single male, and have no kids/wife to take care of. Annual Gross Pay $120,000.00 Federal Withholding $26,052.25 Social Security $6,324.00 Medicare $1,740.00 California $8,638.38 CA SDI $693.58 Net Pay $76,551.79 -Apartment living(1100/month)*12= $13200 -Student Loan repayments(1300/month) * 12=$15,600 -Utilities($200/mth) * 12=$2400 -Groceries($400/mth)*12=$4800 -Car Insurance=$1000/yr -Cell Phone Service($60) * 12=$720 -Fun money(Eating out, movies, dates)=$200 *12=$2400 Total Expenses=$40,120 After expenses, I end up with $36,431/yr. I haven't invested any money in the stock market, nor I any investment. If I purchase a house in California and my mortgage payment is $3000, my net savings for the year will be $13,461. I don't feel so rich anymore, and in fact this is way to stay in the rat race forever. Note to self, don't buy a house next year and no reason to sport an Audi right now. I don't have kids right now, and if I did my savings would probably go to zero. On the bright side, many of us will be better off than the general population!!! Additionally, I haven't decreased my tax liability by investing in my company's 401K program so I can save some money there. I'd love to hear your comments!