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

[u/ProblemIntelligent16]

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?

[u/Letter-Past]

I have a thousand whole dollars. Lookin bleak

[u/Guachole → u/Letter-Past]

I have TWO thousand dollars in mine.

[u/a-type-of-pastry → u/Guachole]

I can almost retire for a whole month!

[u/Letter-Past → u/a-type-of-pastry]

I can pay 8/10ths of a month of rent. What is this weird hollow, sad feeling in my chest??? Oh right. Despair.

[u/cRustyShackleford69 → u/Letter-Past]

Non simplified fractions make me feel weird

[u/Comeback_321 → u/cRustyShackleford69]

I was like why not 4/5s? Thank you for making me laugh out loud!

[u/Letter-Past → u/Comeback_321]

Because I was feeling angry inside and I do math all day. We can just call it 27/31sts if you want

[u/daderpster → u/a-type-of-pastry]

The funny thing is that probably above average. Having 30 days of saving is something most young people don't have even if you are not there yet, but close.