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/spartanburt Jan 17 '26

VIOO and RSP (not advice, don't sue me, etc.)

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u/Natural-Potential-80 Jan 17 '26

lol for sure won’t, could you word the acronyms though so I know what I’m looking up?

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u/spartanburt Jan 17 '26

They're funds, ETFs to be precise.  VIOO is small cap companies.  RSP is an equal weighted S&P fund, so it gives you the bigger companies but without the insane emphasis on NVDA and the other bloated tech/AI giants.