Hello Everyone, so I am contemplating a big move in my life, and by no means would I do it without first getting some advice from some of you more seasoned developers. So I’d like to thank you in for advance for any of your replies (and honesty).
So, like everybody else on this forum, I want to make a video game (big surprise there hah!). I have been working on my game for maybe a year now part time. Which when I say a year, I mean maybe 20 hours a week at best for a year. So progress has been somewhat slow. Although I am happy with what I have produced so far, there is still so much to do.
Well, I have been considering quitting my job and working on my game full time. In order to do that, I’ll need to cash in on my retirement fund which is my 401K. Typically with a 401K, you cannot get the money until you are 59 ½. Which straight up sucks to be honest. The only other way to get your hands on it is too quit your job, but then you get a .28% tax deduction, as well as 10% penalty on the funds. So that is almost half of your retirement fund you are kissing goodbye if you quit and cash in on it.
So, after the deductions, if I quit my job, it would cover my living expenses for about two years. In those two years of development I could get a lot of work done. Of course I’m banking on the fact that my game will be properly marketed in that time and ready for release. If for some reason the project turns into a failure, or it just takes longer than I thought, I can always get my job back, so I’m not too worried about not being to support myself but I would basically spend the majority of my retirement fund.
For those of you who actually have experience in shipping a game, what are some things I should seriously consider before making a move like this?
Edit: Do you think maybe it would be a good idea to first release a prototype of the game to the community for feedback, before I quit my job?