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 Encore Careers: Push Your Boundaries Ready for retirement? Find out why many are considering encore careers and push your boundaries into something more, here. Systematic Withdrawals in Retirement Taking regular, periodic withdrawals during retirement can be quite problematic. My Retirement Savings Estimate how long your retirement savings may last using various monthly cash flow rates.