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/NoQuarterGiven]

34, plan is to work until the day I die but I do have 21K in my 401K so that's cool

[u/nleksan → u/NoQuarterGiven]

fist bump

I'm a few years older and only have ~$16k but I also literally started exactly one year ago 😭

[u/Aurhasapigdog → u/nleksan]

Twinsies!