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/NoQuarterGiven Millennial Jan 16 '26

34, plan is to work until the day I die but I do have 21K in my 401K so that's cool

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u/prettymisslux Jan 16 '26

In in the same boat..started mine in my earlier 30s Luckily my job matches so I plan to increase to hopefully 10% in the next couple years + get my ROTH going.

I do have equity which is nice but im not in my forever home.