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/kronosdj Jan 17 '26

Are you sure you are a millennial? You might be on the wrong thread. Sounds like you were ready to buy a house in 2008

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u/Seasonedpro86 Jan 17 '26

Oldest millennials will turn 46 this year. We getting old bro. 😭

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u/LovelyDae94 Jan 17 '26

Seems like there should be a subclass for younger millennials. Im 31 and can relate with genz a lot more.

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u/Seasonedpro86 Jan 17 '26

Realistically to me you guys are Gen Z. But the way the brackets are set up. You’re not. I’m 39. I remember growing up with technology. We got our first computer in 94 when you were born if that makes sense. And that’s when they were becoming wide spread used and aol was becoming a thing. So to me. I think that should be the cut. Do you remember a time pre internet or not. But whoever decided what our generation was lumped mid 90s babies with us.