A single parent funding a kid’s college and still aiming to retire at 60 on $130k
Dana Osei, 40, in Columbus, OH
exampleSingle parent, one child (age 6) · $130k/yr household income
They're raising a six-year-old alone, saving for college in twelve years, and still hoping to retire at 60.
Dana Osei are raising a six-year-old alone, saving for college in twelve years, and still hoping to retire at 60. The real question: Can one income cover college in 12 years AND a retirement at 60?
The plan holds$3.6M
Projected net worth at retirement (2046)
Retirement year
2046
Safe withdrawal / yr
$119k
First shortfall
None projected
Modeled year by year, with the daycare, the mortgage, and every account and tax accounted for, Dana’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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Get my verdict →An illustrative example household. The numbers are modeled by Rightmont’s engine from these inputs; your real answer depends on your full picture. Educational only, not financial advice.