Should You Tap Retirement Savings to Fund College? There are three things to consider before dipping into retirement savings to pay for college. Share | Have A Question About This Topic? Address Thank you! Oops! Related Contents 18 Years Worth of Days The average retirement lasts for 18 years. Are you prepared to fill that many days? Eight Mistakes That Can Upend Your Retirement There are common mistakes you can avoid when saving for retirement. Annuity Comparison This calculator compares a hypothetical fixed annuity with an account where the interest is taxed each year.