Growing your family
Thinking About Another Child? What Would It Mean for Your Financial Future?
- Explore having another child. Compare timing in Wealth Coach.
- See how goals connect. Explore potential effects on savings, retirement, and college funding.
Explore the possibilities before making one of life’s biggest decisions.
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Could Waiting Two Years to Have Another Child Change When You Retire?
The birth year changes by two years in this sample-household scenario.
Scenario AThird child · 2027
Scenario BThird child · 2029
- Projected retirement age
- 6663
- College funding
- 12%12%
- Vacation
- Fully fundedFully funded
The retirement projection improves, but the college funding gap remains.
Explore the timing. See what growing your family could mean for each of your goals.
Illustrative projections for a sample household. Your results will depend on your circumstances and assumptions.
Run it on your numbers
Your choices. Their financial impact.
Explore how different assumptions could affect your goals.
How Wealth Coach helps
Change the assumptions. See what changes everywhere else.
Explore how childcare costs, changes in income, everyday expenses and college funding could affect your family’s financial goals. Modeling illustrates financial implications; your family decides what matters most.
Accessible Cash
How much money will you still have available?
Keep money free for unexpected expenses and life changes, even after adding the ongoing costs of a bigger family.
Retirement
Could the expenses change when you retire?
See whether the added costs move the year you can comfortably stop working, and by how much.
College
Can you still fund college the way you want?
Understand how another child affects your ability to provide the education you envision.
Start by seeing where you stand. Free.
Your financial overview is free. Use Premium or an eligible trial to explore how this decision could affect your goals.
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3–5 minutes
Create your initial financial profile in as little as 3–5 minutes.
Your own numbers
Personalized insight into how you’re tracking.
Build it once. Use it for every “what if?” that comes next.
See where you standWe built the financial decision tool we couldn’t find.
Wealth Coach combines highly customizable financial scenarios with approximately 250,000 interconnected formulas to help you understand how one decision could affect your other financial goals.
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Set up your financial picture and goals once. Then model the changes you're considering and see how growing your family could affect the rest of your financial future. Free to start.
Wealth Coach provides illustrative projections. Not financial advice.
Explore other decisions
The same financial picture works for your next question, from a new home to a change in income.
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