A family with two toddlers in daycare weighs buying their first home on a combined middle income
Priya (32) & Jake (33), Columbus OH
exampleMarried, two kids ages 1 and 3 · $115k/yr household income
They're renting and weighing whether to buy their first home while both kids are still in full-time daycare
Priya & Jake are renting and weighing whether to buy their first home while both kids are still in full-time daycare The real question: Can we afford to buy a house while paying for two kids in daycare on $115k combined income?
The plan holds$5.3M
Projected net worth at retirement (2057)
Retirement year
2057
Safe withdrawal / yr
$184k
First shortfall
None projected
Modeled year by year, with the daycare, the mortgage, and every account and tax accounted for, Priya’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.