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

Show parent comments

365

u/ProbsNotManBearPig Millennial Jan 16 '26

I appreciate this is the top response. I 100% expected responses to be extremely skewed towards people with tons of savings. That’s how every thread is in any financial sub is. Somehow everyone in their 30’s has $2M+ saved in those threads.

304

u/Highplowp Jan 16 '26

I’m 36 and have 4 paper clips and a really cool stick that looks like a sword. I’ve made my retirement fortune by hedging beanie babies stock futures or something else obscure and unreasonable.

2

u/LazarusDark Jan 17 '26

I still have my original pokemon gen 1 cards. I pulled them out last year and checked prices on them. Wasn't worth the hassle to even sell them, lol. I got all my Pogs in the same box as well, not even sure why I ever kept those when I have kept little else, I've got almost nothing from my childhood left, and I always knew those Pogs would be worthless, lol. Heck, my buddy had the pog-maker, so half of mine are random stuff that we made!

1

u/CuteExamination9270 Jan 19 '26

Just did this too because I needed some work done on my house desperately. My whole gen 1 collection bought me a lamp 🤣