Parents, you’ve got your money regrets all wrong.

Nearly six in 10 (57%) of parents have at least one financial regret from their child’s first year of life, a survey of more than 2,200 adults parents released Tuesday by financial site Nerdwallet found. The No. 1 regret, shared by 1 in 3 parents: not putting enough money into Junior’s college fund.

Percentage of parents who regret not doing this in their child’s first year
– Starting or contributing more to their child’s college fund, 33%
– Starting or contributing enough to an emergency savings fund, 24%
– Starting or contributing more to a retirement fund, 18%
– Buying life insurance, 14%
– Starting or contributing more to child care savings, 13%
– Starting or contributing more to healthcare savings, 13%

That’s probably not the right money regret, experts say. That’s because, for most parents, saving enough for retirement is more important than saving for their kids college. On average, people in their 30s have just $45,000 saved for retirement — and many haven’t saved a dime. Experts recommend you have double your current salary saved for retirement by the time you’re 35; for the average household that would be about $100,000.

And you should be building that retirement savings before you stash away money for your kids college, as “your kids can always find some way to get loans for school, but no one but you is going to finance your retirement,” explains Kimberly Foss, the founder and president of Roseville, Calif.-based financial-planning firm Empyrion Wealth Management.

What’s more, experts say that nearly every parent of young kids needs life insurance — for most people, it’s a great way to make sure your kids are financially protected should something happen to you — and should have enough healthcare savings to cover if something happened to them or their child. Indeed, medical debt is the No. 1 reasons that Americans have to file for bankruptcy.