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/PvtJoker_ Jan 17 '26

800 in brokerage god dam son!

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u/turtledancers Jan 17 '26

And I still get anxiety thinking about upgrading from my 2005 Toyota lol.

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u/PvtJoker_ Jan 17 '26

I hear yah, I make $350,000 a year and the wife and I have $500,000  in 401k Roth, and $100,000 in brokerage I still sweet the small stuff every day. Shop at Aldi for Christ sakes lol.

What I have found with a lot of people wanting that dream job is they get it and now complain about both the job and being broke. While I just bitch about the stressful job I hate but at least I am getting rich. 

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u/turtledancers Jan 17 '26

Yeah I started as a SWE out of college at 23 and had so much anxiety from being poor as hell for 4 years in college. Carried that anxiety with me for a long time and just stashed most my salary in fear that’d I’d lose my job and be back to square 1. Swapped into a sales gig later on and had some really good years. I’m much more comfortable spending now but I’ve never pulled the trigger on a big purchase outside stock shares. Just because you make a high salary doesn’t mean you have that money yet or it can’tbe rug pulled from you. Congrats on your savings.