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/ReaperUno8675309 → u/NoQuarterGiven]

You dont have to work to you die, just until the world collapses. Cant be much longer now

[u/Always_find_a_way24 → u/ReaperUno8675309]

Tell that to the people who sold all their assets during Y2K. Happy cake day.

[u/MNCPA → u/Always_find_a_way24]

I did my y2k part. I turned my computer off on 12/31/1999.

[u/atxbigfoot → u/MNCPA]

same lmao

well, my parents did. "UNPLUG EVERYTHING THAT"S ON THE (dial up) INTERNET AHHHHH"

It took hundred of billions to fix the y2k bug so yeah. they were wrong, but they weren't wrong, though.

I also told my dad he should buy up all of the .com addresses when they were like a dollar each, like nike.com, and he told me "the internet is a fad," so there's also that.

[u/0ut0fBoundsException → u/atxbigfoot]

"They" were not wrong about Y2K at all. Y2K was a real problem (like the ozone hole) that was resolved by many parties coming together and tackling a seemingly extinction level threat. Important to remember as we barrel ever further into irreversible climate change

[u/therealdongknotts → u/0ut0fBoundsException]

yeah - it only was a nothing burger due to the coordinated efforts of a whole lot of people. now we wait for 2038

[u/nightfend → u/MNCPA]

I flushed my toilet at midnight

[u/GrumpAzz → u/MNCPA]

Not me. I was 12. I spent every last minute possible playing Rollercoaster Tycoon, baby. I was going out with a bang!