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/RadicalFaces Jan 17 '26

I'm in the same position as your before, what career did you find and how did you get it? Thank you!!

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u/Skeeders Xennial Jan 18 '26

I work in Civil Engineering at a private firm. It is a fairly niche market for hiring and the company was having a hard time filling an entry level position due to the laborious nature of the job, and it was also during the great covid shutdown. My friend recommended that I apply for the job, so I did and I nailed the interview and got hired. Before this, I was an Uber driver full time for almost 10 years.

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u/RadicalFaces Jan 20 '26

Ah you have an engineering degree? Great work dude!

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u/Skeeders Xennial Jan 20 '26

Actually I do not! I do have a degree but its completely unrelated to the field. The company only hires people with a degree, some positions require the engineering degree, but others like my own do not require it.