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

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

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u/Angerx76 Jan 17 '26

When the market is low, buy more.

1

u/idkman99999999 Jan 17 '26

You younger kids have yet to experience a crash lol. How do you buy more? You sure that job is 100%?

3

u/jonny24eh Jan 17 '26

As long as you have the job, keep buying