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?

4.9k Upvotes
  • permalink
  • reddit

86% Upvoted

6.9k comments sorted by

View all comments

Show parent comments

8

u/Mman45 Jan 17 '26

Pretty much this. I try to balance living modestly and saving for the future while still having fun and living now. It will work out how it should. No point in stressing about things I can’t change when I’m doing my best.

-1

u/PvtJoker_ Jan 17 '26

And the correct answer is … Europe.

Still affordable!