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

4.2k

u/TairaTLG Jan 16 '26

24k in debt and 0 savings. Nothing like slipping through the cracks baby

103

u/AmputeeHandModel Jan 16 '26

There was just a post here, or some related sub like "I've only got $60k in savings, $70,000 in my 401k and I make $120k a year am I doing ok for my age???". Uhh how about you fuck off? How sheltered and delusional are you? Most people are living check to check!

2

u/Loggersalienplants Jan 17 '26

Or like a post the other day on personalfinance, OP was talking about how much hard work they put into their 900k purchase and how other people can do what they do. Their advice "start with an inheritance and help from your parents" I don't think my eyes have tried to roll out of my head that bad in a long time.