Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.

Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.

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[–] yenahmik@lemmy.world 14 points 1 year ago (2 children)

While I believe Social Security will still exist, I definitely fall into the category of millennial on track for a comfortable retirement.

It's good to see that so many people are saving for retirement, given how often you see news about how low people's savings are.

[–] Coasting0942@reddthat.com 10 points 1 year ago (1 children)

Don’t worry. The rich will pass tax increases for your savings withdrawals for bailout 2050.

[–] UBWare@lemmy.world 2 points 1 year ago

I would think those who are well off would be in favor of lower taxes though?

[–] hellyeahgococks@fanaticus.social 2 points 1 year ago (1 children)

What is your age, retirement savings, and target retirement age?

[–] yenahmik@lemmy.world 3 points 1 year ago

Mid-30s, >$425k, ideally 40 but that could change based on if I have kids. I will certainly be more than set by standard retirement age.