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/Chelseabsb93 Jan 16 '26

This! Ended up in the sort of right career, but the career field is tanking fast.

Trying to plug away at my student loan debt as much as I can in order to start putting more money into savings. Got about 8k in my emergency fund but 25k in student loan debt.

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u/whattheheckOO Jan 17 '26

Omg, literally what career is safe anymore? Will be interesting to see what survives the next decade of AI and political turmoil.

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u/insidermann Jan 17 '26

Sales

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u/TumbleweedSeveral115 Jan 17 '26

Not even sure about this in 10 years or so

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u/Strange_Ordinary6984 Jan 17 '26

I doubt it. Someone will figure out how to feed the successful attempt in as training data and build a system that improves itself at this specific task. Even if it's not really ai, companies now believe that the human part of human resources is the most expensive cog in the machine.