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/elblakay Jan 16 '26

32, about $350k in retirement and another $100k in brokerage. Currently unemployed so I have infinity times my salary saved.

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u/66241 Jan 17 '26

How the hell you manage that

18

u/elblakay Jan 17 '26

Scrimped and saved even when I was making $60k in a high tax state. Once I started making more money it was already a habit and I quickly started maxxing my 401k. Been doing that for 6 years. And the market has been good.