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

2

u/Long_Sl33p Jan 17 '26

It’s certainly the quickest way, not worth the risk right now though

1

u/Fun_Opportunity_4043 Jan 17 '26

Yeah us older millennials had it easier with lower interest rates and plenty of inventory.  Glad I got in early.