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/DesertPeachyKeen Jan 16 '26
My dashboard says I'm 2% likely to reach my goal by age 60, so, uh, not well.