No, that is not nearly enough. But it is doable. I have 5 plants under a 2ft, 4 bulb t5's and it looks pretty good. Of course they could be better with more lighting but I don't have the $$. Just limit your expectations. Don't expect 2-3 oz a plant.
It really depends on what you are wanting to do. If your are just wanting to bring your little babies up to size you will be fine till they are ready for a 1 gallon pot. Then you will have room for 4 plants. If you plan to try to bloom with same set up 2 max but if you had only 1 plant it would be starving for light. Welcome to the site.