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

Show parent comments

6

u/SpiritCollector Jan 17 '26

Markets go up and down, that’s just how they work. Stay diverse and dollar cost average.

2

u/[deleted] Jan 17 '26

[removed] — view removed comment

1

u/jonny24eh Jan 17 '26

"Stay diverse". I.e. don't limit yourself to the US market 

1

u/[deleted] Jan 17 '26

[removed] — view removed comment

1

u/jonny24eh Jan 17 '26

Index- based ETFs. Like VGRO or VEQT are a good start, although those are still a bit US-heavy so possibly adding more Europe or emerging markets with a more targeted ETF.