Does the "American Dream" now cost more than $5 million (over a lifetime)?

[ucbalumnus]

@DadTwoGirls

The college number looks high, particularly if two kids both stop with a bachelor’s degree (or go on to a fully funded PhD). However, if you include the entire rest of “raising two children” the number might be not so far off.

The linked page says that raising two children up to age 18 is $645,819. College is separately listed as an additional $230,273 to make the total of both $876,092.