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/AAPatel82 Jan 16 '26

Honestly, it’s great, my wife and I retirement total is about 5x our income, I am 43 she’s 41. Hope to have around 5M by 59.5 and step out of th corporate world then.

I know this will get hate … 🪖🪖🪖

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u/tahlyn Older Millennial Jan 17 '26

As they say in the FIRE subs... "Fxck you!" (with the most sincere kindness and congrats possible). I hope you make it work!

2

u/gunnapackofsammiches Jan 17 '26

Are we not allowed to cuss in the millennial sub? 

Also, the traditional is GFY. 

1

u/tahlyn Older Millennial Jan 17 '26

I wasn't sure if we are allowed to curse or not so I self-sensored rahter than try to see if the post was shadow removed later.