A couple in their late 40s supporting an aging parent while funding college and retirement
Linda, 48, & Rob, 50, Columbus OH
exampleMarried, one teenager at home, Rob's mother living nearby and receiving financial help · $186k/yr household income
They're balancing monthly financial support for Rob's aging mother, aggressive 529 catch-up contributions for their 16-year-old, and retirement savings with roughly 15 years left on the clock
Linda & Rob are balancing monthly financial support for Rob's aging mother, aggressive 529 catch-up contributions for their 16-year-old, and retirement savings with roughly 15 years left on the clock The real question: Can we afford ongoing parent-care costs, a 529 for our teenager, and still retire in our mid-60s without running out of money?
The plan holds$4.3M
Projected net worth at retirement (2041)
Retirement year
2041
Safe withdrawal / yr
$148k
First shortfall
None projected
Modeled year by year, with the daycare, the mortgage, and every account and tax accounted for, Linda’s plan funds retirement. The safe withdrawal covers their projected spending. The exact answer always depends on the full picture, which is the whole point.
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