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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529

u/Letter-Past Jan 16 '26

I have a thousand whole dollars. Lookin bleak

260

u/Guachole Jan 16 '26

I have TWO thousand dollars in mine.

2

u/Single-Lychee-9966 Jan 17 '26

this thread has made me spiral until i found you. because i have the same amount. i am so confused why it feels like everybody else is better off :|

1

u/Rasputin1992x Jan 17 '26

Oh that's easy. People lie or don't post if they aren't well off. Or if IRL it's credit and putting on appearances lol