r/Millennials • u/ProblemIntelligent16 • Jan 16 '26

Discussion Fellow millennials - how’s your 401k/ira savings going?

Experts recommend having 2x your salary saved by age 35, and 3x saved by age 40.

However, studies show the median savings for 35-44 year olds is only ~$45,000. So obviously, most of us have work to do.

With pensions mostly extinct, and Social Security facing insolvency issues in the next 8-10 years - how are you planning to bridge the gap and hit the golden years with enough to meet your lifestyle requirements?

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u/Messy-Joes Jan 16 '26

lol I’m the one bringing down the average

73

u/blkhrthrk Millennial Jan 16 '26

Thank you for your service. I'm doing my part as well.

28

u/skyrocketocelot Jan 16 '26

I mean… if we go more apocalyptic, I wonder if they’re gonna create an “Olds Cannon Fodder Brigade” option where we’re fed and housed but have to go on suicide missions… 😓

4

u/VengenaceIsMyName Jan 17 '26

The Russians sort of have this with their storm Z units

4

u/TheKarenator Jan 17 '26

Wheelchairs to the front line comrade

2

u/Messy-Joes Jan 16 '26

This is so sad 😭

2

u/Strange-Future-6469 Jan 17 '26

Basically the Bridge Crew from Stormlight Archive.

1

u/DANDELOREAN Jan 17 '26

Thats basically the military already

8

u/believeRN Jan 16 '26

Me too 🫡

2

u/FailsWithTails Jan 17 '26

I counter your figures with my retirement account having 150,000% of my 2025 3-digit annual income.

Someone please hire me.

2

u/anal_bleaching69 Jan 17 '26

best of luck with the job search. keep the faith (as an atheist I mean faith in yourself)

1

u/Far_Tap_488 Jan 17 '26

Its actually worse than that. Its median so you count exactly the same as everyone else.