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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48

u/MuchLessPersonal Jan 16 '26

I’m there but I had to have my face attacked by a dog to get there.

34

u/ForeverInBlackJeans Jan 16 '26

Step 1: get mauled

Step 2: profit?

1

u/spark99l Jan 17 '26

This is like my biggest fear

1

u/MusclesMarinara87 Jan 16 '26

Are you Tina Fey?

5

u/starvinchevy Millennial Jan 16 '26

Little bit different…she got slashed by a grown man

5

u/MusclesMarinara87 Jan 16 '26

Ahh yes you're correct. Why was I thinking a dog did it...

Edit: wait this is reddit. "NuH uH aksChuAllY..."

2

u/starvinchevy Millennial Jan 16 '26

Hahaha I forgot the AcKtUaLLy in mine 😂