I'd say 110K is about right first year. Remember that this is before the 15 percent tax bill.
That would equate to about 95K net all included. The first tax bill is a winner because you have to pay tax over what you have earnt in the past year and are projected to earn in the subsequent year. So first year it's good to save that 30 percent.
You'll get it back eventually but keep it in mind.