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? Name Email Address Question 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? Your Changing Definition of Risk in Retirement A change in your mindset during retirement may drive changes to your portfolio. Retirement Plan Distributions There are a number of ways to withdraw money from a qualified retirement plan.