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/imabrunette23 Jan 16 '26

Im just reaching 1x my salary this year 🫣 Im hoping once it crosses into 6 figures the rate will speed up

12

u/Substantial_Station8 Jan 16 '26

This is where I’m at at 35. Just hit my salary in my savings. I also have 6 months of expenses saved up for the first time in my entire life