Oh yeah, I definitely do it for retirement and to give me kids the benefit of getting an education without being saddled with massive debt. Although, I think they should have some skin in the game for college as I hope it will make them take it seriously, unlike with me who partied way too much.
But make no mistake, we can afford these things because we live frugally. We both drive used hondas, our grocery store is Aldi, we review our budget every month to keep things in check, we walk everywhere we can, we rarely eat out, etc..