A couple with two toddlers in daycare weighs buying their first home on a combined middle income
Maya (32) & Chris (33), Columbus OH
exampleMarried, two young kids in daycare · $115k/yr household income
They're renting a two-bedroom apartment and deciding whether to buy a starter home while daycare costs are at their peak
Maya & Chris are renting a two-bedroom apartment and deciding whether to buy a starter home while daycare costs are at their peak The real question: Can we afford to buy a house while paying for two kids in daycare on a $115k household income?
The plan holds$5.3M
Projected net worth at retirement (2057)
Retirement year
2057
Safe withdrawal / yr
$173k
First shortfall
None projected
Modeled year by year, with the daycare, the mortgage, and every account and tax accounted for, Maya’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.