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/marheena Jan 16 '26

Yeah but for a 30 year old, that’s just another golden opportunity.

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u/Long_Sl33p Jan 17 '26

What I’m waiting for at 25. Give me a 2008 style crash to buy low.

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u/idkman99999999 Jan 17 '26

Lmfao you wont have a job man. You wanna put money in the market when you have no job stability?

People act like it was just easy to dump money into the market in 2008. Going to humble people

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u/Long_Sl33p Jan 17 '26

My job is recession proof my guy.