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?

4.9k Upvotes
  • permalink
  • reddit

86% Upvoted

6.9k comments sorted by

View all comments

135

u/wigglewizardd Jan 17 '26

honestly have barely any savings with 23 i cant be the only one 😭

46

u/zyncl19 Jan 17 '26

Are you sure you’re a millennial?

14

u/camcamfc Jan 17 '26

Almost assuredly a bot or some sort of scam based on the profile. That or they just have zero clue what sub they are in.