r/softwareengineer • u/GreatComposer85 • 10h ago
Can I afford to take a sabbatical in this bad software engineering market?
I'm 40 years old and have been in IT for 20 years, the last 10 as a senior web developer. I'm completely burnt out and want to step away from work for a year, maybe two. We live in Canada, so healthcare is a non-issue here in a couple of ways: core medical care is publicly funded regardless of employment status, and on top of that, I'd be added to my wife's employer insurance for dental, vision, and prescriptions while I'm not working.
On the financial side, we have no mortgage, no kids, spend around $35,000/year, and have $1.1 million in investable assets also her income alone also covers our household expenses roughly twice over. Would you take on the risk of stepping away for a year or two in this situation? I know it might sound like an obvious yes, but I don't want this to unintentionally turn into permanent retirement.
My plan is to try freelancing and explore building something of my own with AI. I just don't have the energy to pursue that while working full-time — honestly, I can barely keep up with my actual job right now, let alone anything extra. The downside here of course is the opportunity cost on giving up a $130,000 salary.