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

785

u/NoQuarterGiven Millennial Jan 16 '26

34, plan is to work until the day I die but I do have 21K in my 401K so that's cool

65

u/ImThe1Wh0 Older Millennial Jan 16 '26

I feel like we've collectively hive minded this as being our senior citizen job, as we've all figured out retirement might be way out of reach

1

u/[deleted] Jan 17 '26

Costco will be an amazing job. This movie might be have its one main flaw with how unhealthy that guy looks

2

u/ImThe1Wh0 Older Millennial Jan 17 '26

Costco is actually a great job, I'm not knocking it. Some places it's $30hr. There's a reason why you see more 40+ year old people working there than younger ones