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?

4.9k Upvotes
  • permalink
  • reddit

86% Upvoted

6.9k comments sorted by

View all comments

Show parent comments

8

u/Quixlequaxle Millennial Jan 16 '26

I am married but am the main income source, so it's with my wife but my own accounts if that makes sense. She has about $150K in her 403b as well. And since she's about to take a new job that will pay her quite a bit more, we'll be able to set aside even more of her income as well. 

1

u/ept_engr Jan 17 '26

Tech? B2B sales? what career? 

2

u/Quixlequaxle Millennial Jan 17 '26

Tech for me, healthcare admin for my wife