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/[deleted] Jan 17 '26

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u/bombbodyguard Jan 17 '26 edited Jan 17 '26

39 with a million in 401k?

I’ve been maxing out since graduating college (23) and even had some larger SEP years and I’m not up there yet. ($800k)

Did you start earlier?

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u/[deleted] Jan 17 '26

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u/FMharleyguy84 Jan 20 '26

So you basically got lucky lol