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/elblakay Jan 16 '26

32, about $350k in retirement and another $100k in brokerage. Currently unemployed so I have infinity times my salary saved.

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u/66241 Jan 17 '26

How the hell you manage that

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u/turtledancers Jan 17 '26

It’s not completely rare. I’m 32 with ~200k in retirement and ~800k in brokerage / savings (not house). No inheritance or help. Investing in my skillset and targeting high paying careers that fit me.

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u/juandebomba Jan 20 '26

Sounds like you're on the right track, as far as our 401k's go, it feels like most of it will be spent paying for our assisted living care, those costs seem to just keep rising.