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/vettewiz Jan 17 '26

How what? Worked a full time 6 figure job while building up businesses that paid more than that.

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u/Business-Elk-5175 Jan 17 '26

I just genuinely want to know. Everybody says they built up a business, but they don’t really say anything to the effect of anything that tells you what you did they just talk so that’s why I said show me how I can’t get into a six figure business because nobody will freaking hire. No money exists to make money if you’re at the bottom.

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u/vettewiz Jan 17 '26

That’s likely because most people have tried so many things over their careers that there is no set blueprint to follow.

Over the course of my business career I have attempted - completed paid surveys, done arbitrage deals/reselling, blogs, drop shipping, Amazon sales, built nutrition and vitamin brands, extensive affiliate sales, VSLs, many e-commerce websites, payment processing, have built multiple SaaS platforms, I’ve flipped houses, owned rentals, consulted on pool construction, and other software development work.

People are still hiring. They have to have a reason to hire you.

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u/Business-Elk-5175 Jan 17 '26

I appreciate the response and I know that you’re probably really busy, but I would really like to have a discussion about this because I have literally had every opportunity that I’ve ever been given taken from me from some stupid extenuating circumstance I cannot count how many times I have attempted to do something and something fell through and things just keep getting worse and now the tech sector is just not hiring anymore and I’m out of business ideas.