Who will do the necessary fighting if there no people to do so? 60-year olds?
Hopefully if fighting does start it could be the impetus for renewed birthrates. Historically danger has often had that effect.
But that won't help Europe out much... unless they plan on putting their continent on 'hold' for the 19 years it'll take for the new generation to grow up.
I don't see Europe being able to hold off the Muslim hordes for 19 years before getting any reinforcements.
For even if Europe were to succeed in driving out all the Muslims, I really don't think that all the Muslim nations out there will sit quietly and let them do it.
So a 30-year old at the start of the conflict would be fighting in the trenchs at age 49 before any reinforcements would arrive.