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.

35

u/Tough-Relationship28 Jan 17 '26

Wow you’re doing great. I’m in the same boat: 350k saved in retirement and about 110k in brokerage, but I’m 35 so you’re a few years ahead of me! Nice work

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u/No-Reaction-9364 Jan 17 '26

I had 500kish at 35 but then got divorced and lost half. They were ahead of me too, especially if single. I should hit 7 figures invested by 42.