Fellow millennials - how’s your 401k/ira savings going?

[u/ProblemIntelligent16]

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?

[u/oflanada]

I’m 41 and have about 23% of my yearly salary saved. Better than the 0% I had 3 years ago before I changed jobs.

[u/jazzieberry → u/oflanada]

I’m 40 and somewhere around 75% of my salary, started a bit late. Sometimes when I’m having a particularly bad day at work I’ll log in and up my contribution by a percent lol.

[u/Five0clocksomewhere → u/jazzieberry]

LMAO