The Oculus Rift virtual reality headset should be released sometime in the first quarter of 2016, and it looks like interested buyers should already start saving money. After a recent report said that Oculus Rift VR requires a powerful computer that could cost more than $1,000 to function, Oculus CEO Brendan Iribe revealed on Wednesday that the full Oculus Rift package will indeed be quite expensive.

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TheOculus Rift bundle will be “in the $1,500 range,”Iribe told Re/code in an interview during the Code Conference. That price is similar to what Google charged for its Google Glass headset, though there’s a pretty big difference here: Google’s smart eyewear didn’t ship with a powerful PC.

Of note, Oculus will not make the computer, Iribe hinted. Furthermore, not all buyers are likely to require a PC upgrade — for instance, hardcore gamers might already own powerful desktops that are ready to handle VR graphics.

“We are looking at an all-in price, if you have to go out and actually need to buy a new computer and you’re going to buy the Rift … at most you should be in that $1,500 range,” he said.

The executive did not actually reveal pricing details for the standalone Oculus Rift headset. However, he did say that he’d like the cost of a Oculus Rift and computer bundle to come down to under $1,000 in the future.

Chris Smith started writing about gadgets as a hobby, and before he knew it he was sharing his views on tech stuff with readers around the world. Whenever he's not writing about gadgets he miserably fails to stay away from them, although he desperately tries. But that's not necessarily a bad thing.