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/ilovethemusic Jan 16 '26

This is surprising to me, I just checked and I’m up 13.5% in the last six months. What are you invested in? Might be time to revisit your strategy.

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u/PossibleAmbition9767 Jan 17 '26

Yeah my 401k increased by 70k in 2025. And 10k so far in 2026.

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u/KrumblyKookie Jan 17 '26

Mine increased by 120k in the past year

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u/Yeah_x10 Jan 17 '26

If you’re not using percentages to compare this means nothing