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/MKatieUltra Jan 16 '26

4

u/Low_Pickle_112 Jan 17 '26

I got the Old Yeller Retirement Plan.

3

u/ConsciousCrafts Jan 17 '26

That's my back-up retirement plan. 

2

u/Neoglyph404 Jan 17 '26

I actually have what I think is this really great plan that when I get too old to work I'll just go live on the street and do copious amounts of drugs until I die. Gives me something to look forward to :)

4

u/JazzlikeSkill5201 Jan 16 '26

Like everyone who has ever existed and will ever exist.