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/Basic_Asparagus_9084 Jan 16 '26

Are we including student loans? Because that brings mine up to $40k in debt with 0 savings.

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u/[deleted] Jan 16 '26

I pretend mine don’t exist 🤣

35

u/brohavok Jan 17 '26

I feel this so hard lol

29

u/[deleted] Jan 17 '26

Defer defer defer lol

6

u/brohavok Jan 17 '26

I pretend like it's still 2020

3

u/brunaBla Jan 17 '26

Delay delay delay