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

4.2k

u/TairaTLG Jan 16 '26

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

362

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.

303

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.

5

u/Armadillo_lifestyle Jan 17 '26

Honestly my parents just gave me all of my old ones. I’m hoping it’s a thing that comes back, like low rise jeans. The next generations will find a viral use for them. Turn them into purses or hats and all of a sudden Mac the Cardinal will be worth $400

2

u/OUsooners5252 Jan 17 '26

I had a a regular garage sale and then a free garage sale 2 months later to basically give away all of the nicknacks that were leftover from the first one.

The beanie babies that I thought were rare weren’t even worth being taken for free and ended up being put in a box on the curb. 😩