Should You Tap Retirement Savings to Fund College? There are three things to consider before dipping into retirement savings to pay for college. Share | Related Content 18 Years Worth of Days The average retirement lasts for 18 years. Are you prepared to fill that many days? Thinking of Retiring Abroad? However exciting retiring abroad may sound, it deserves considerable planning. Retirement Plan Distributions There are a number of ways to withdraw money from a qualified retirement plan.