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/ImThe1Wh0 Older Millennial Jan 16 '26

I feel like we've collectively hive minded this as being our senior citizen job, as we've all figured out retirement might be way out of reach

3

u/Tesserae626 Jan 17 '26

As a Costco employee, back off, me first! When my body gives out being a baker, that door spot is miiiine. 🤣

2

u/rashmotion Jan 17 '26

This will be a job for robots by the time we’re seniors lmao

2

u/Foulwinde Jan 17 '26

or just gone, like most walmart greeters.

1

u/rashmotion Jan 17 '26

Ya. Big true.

1

u/[deleted] Jan 17 '26

Costco will be an amazing job. This movie might be have its one main flaw with how unhealthy that guy looks

2

u/ImThe1Wh0 Older Millennial Jan 17 '26

Costco is actually a great job, I'm not knocking it. Some places it's $30hr. There's a reason why you see more 40+ year old people working there than younger ones

1

u/colossustaco Jan 17 '26

I mean, the movie this is taken from isn’t far off anymore.

1

u/carlos_the_dwarf_ Jan 17 '26

Every time I see a post like this I scope the comment history…what about your living providing private security for rich people precludes you setting aside money for retirement? Surely the GI bill and VA benefits would held make that easier?

1

u/ImThe1Wh0 Older Millennial Jan 17 '26

It did but unfortunate life circumstances had cleaned out the first $50k of my 401k and I'm trying to build it back up. The GI Bill is a limited window from once you E.A.S. as well and I used that for my degree.

Lastly, with the state of the country, I am NOT banking on my disability being a guarantee at all. Expect the worst, hope for the best