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Obamas May Stay In D.C. After Leaving White House

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"You know we gotta make sure that she’s doin’ well … until she goes off to college,” said Obama. “Sasha will have a big say in where we are.”

If Obama remains in Washington after his presidency, he would be the first president since Woodrow Wilson to do so. Prior to taking office, Obama and his family lived in Chicago. Obama added that his family would have input on the decision since his daughters and First Lady Michelle Obama had made "sacrifices" for his career.

"Cause she’s, you know, obviously they – and Michelle – have made a lot of sacrifices on behalf of my cockamamie ideas, the running for office and things,” he said.

Obama was joined by the first lady in the interview, which will air on ABC's "20/20" Friday evening. Highlights from the interview below.