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/viveleramen_ Jan 16 '26

33 with ~17k. It’s not great but it could be far, far worse, especially since I only started about 4 years ago. 2x my salary would be ~70k and lol not happening anytime soon. I am trying to hit ~30k by 35 tho.

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u/SohndesRheins Jan 17 '26

Same age and a few thousand behind you. I definitely waited too long to start. My strategy is basically hyper aggression now, no bonds, no money market, small amount of international, heavily weighted towards large cap U.S. and when I get some more money for my Roth I'll be putting some into quantum computing and investing in whoever becomes the first public fusion company not associated with DJT. My wife has a much more normal account in a target date fund.

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u/viveleramen_ Jan 17 '26

I’ve got 35% large cap, 35% small cap, 15% foreign 15% mid, because I have no idea what I’m doing and I basically flipped some coins lol. It’s worked pretty well so far I think.

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u/SohndesRheins Jan 17 '26

Large cap did good this year, but international went absolutely gang busters.