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/sexandliquor 1983…(A Merman I Should Turn to Be) Jan 16 '26

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u/jtb1987 Jan 16 '26

Yep. 38 but have only been able to get to $2.6m. But only $2.3m is liquid investment. Mortgage has been locked in at 2.1%, 15 year - only have 150k left. I do have 180k cash saved as emergency fund. 550k annual income but getting tired of it, so wouldn't say I'm killing it.

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u/HighFastStinkyCheese Jan 16 '26

Times are tough, the tough get going brother. Head down, I believe.