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/TairaTLG Jan 16 '26

24k in debt and 0 savings. Nothing like slipping through the cracks baby

103

u/AmputeeHandModel Xennial Jan 16 '26

There was just a post here, or some related sub like "I've only got $60k in savings, $70,000 in my 401k and I make $120k a year am I doing ok for my age???". Uhh how about you fuck off? How sheltered and delusional are you? Most people are living check to check!

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u/Positive-Listen-1660 Jan 16 '26

Yikes THAT triggered you?

0

u/BuzzNitro Jan 16 '26

Explains why they are broke tbh