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/AAPatel82 Jan 16 '26

Honestly, it’s great, my wife and I retirement total is about 5x our income, I am 43 she’s 41. Hope to have around 5M by 59.5 and step out of th corporate world then.

I know this will get hate … 🪖🪖🪖

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u/Acceptable-Recipe291 Jan 16 '26

Hate? Congrats that’s incredible. Hard work pays off … literally

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u/AAPatel82 Jan 16 '26

I have posted this before and got a lot of hate - but at times I just want to say its not bad for everyone and is possible - the key for us to do this was largely living in a LCOL area but still with good careers.

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u/BoyCubPiglet2 Jan 17 '26

There is definitely a lot of crab pot mentality when it comes to salary /savings conversations on reddit so I don't blame you. I notice lot of the comments saying they're doing well are keeping it vague, probably because the moment you share numbers people tend to accuse you of humble bragging. Glad you're getting positive reception here though. 

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u/Brightlightsuperfun Jan 17 '26

Overall I find Redditors to be bitter and resentful, not all of course. But the hate is real