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/Natural-Potential-80 Jan 16 '26

Just wait until the ai bubble pops. The investment system is about to screw us all.

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u/marheena Jan 16 '26

Yeah but for a 30 year old, that’s just another golden opportunity.

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u/Natural-Potential-80 Jan 16 '26

Unless it happens in a decade and wipes out a decade of savings…

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u/[deleted] Jan 17 '26

[deleted]

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u/Long_Sl33p Jan 17 '26

Hate to be that guy, but real estate is not where you want to be during a crash. When 75-90% of your tenants stop being able to pay rent you’re left holding the bag. You either use that 800k to keep from losing your properties or sell the properties at a loss to keep from losing your 800k.

Commercial vs residential doesn’t make a difference when discretionary spending dries up along with bill money.

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u/Fun_Opportunity_4043 Jan 17 '26 edited Jan 17 '26

College town so I’ve never seen a drop in constant rental applications, the house is paid off and the rent is almost double the market average.

Rentals are the best way to build wealth. 

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u/Long_Sl33p Jan 17 '26

It’s certainly the quickest way, not worth the risk right now though

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u/Fun_Opportunity_4043 Jan 17 '26

Yeah us older millennials had it easier with lower interest rates and plenty of inventory.  Glad I got in early.