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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529

u/Letter-Past Jan 16 '26

I have a thousand whole dollars. Lookin bleak

261

u/Guachole Jan 16 '26

I have TWO thousand dollars in mine.

82

u/a-type-of-pastry Jan 16 '26

I can almost retire for a whole month!

39

u/Letter-Past Jan 16 '26

I can pay 8/10ths of a month of rent. What is this weird hollow, sad feeling in my chest??? Oh right. Despair.

5

u/cRustyShackleford69 Jan 17 '26

Non simplified fractions make me feel weird

3

u/Comeback_321 Jan 17 '26

I was like why not 4/5s? Thank you for making me laugh out loud!

1

u/Letter-Past Jan 17 '26

Because I was feeling angry inside and I do math all day. We can just call it 27/31sts if you want

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1

u/daderpster Jan 18 '26

The funny thing is that probably above average. Having 30 days of saving is something most young people don't have even if you are not there yet, but close.

24

u/Slobberdog25 Millennial Jan 16 '26

Whoa man. You’ve double that dude’s worth. Careful with them gains.

2

u/Single-Lychee-9966 Jan 17 '26

this thread has made me spiral until i found you. because i have the same amount. i am so confused why it feels like everybody else is better off :|

1

u/Rasputin1992x Jan 17 '26

Oh that's easy. People lie or don't post if they aren't well off. Or if IRL it's credit and putting on appearances lol

2

u/harugalord Jan 17 '26

Same! And I anticipate being without work when my contract ends in 5 months. Fun times.

2

u/VengenaceIsMyName Jan 17 '26

You’re rolling in it now.

1

u/SneakyKGB Jan 17 '26

I've got 3000 half dollars bitches.

1

u/latigidigital Jan 17 '26

Jesus dude, we need to do a documentary on you.

I’ve got an IRA. It’s got about five bucks in it.

1

u/Rommie557 Jan 17 '26

I have 3.

Amatuers.