Pension Calculator for Retirement Use this calculator to determine how much money you will have at retirement. Enter your current age, the age you plan to retire, your current annual income, your expected yearly rate of return, and your yearly contributions to calculate your expected retirement account balance. Current Age: Age At Retirement: Current Annual Income: Expected Rate Of Return: Yearly Contributions: function calculateBalance() { var currAge = document.form1.CurrentAge.value; var retAge = document.form1.AgeAtRetirement.value; var income = document.form1.CurrentIncome.value; var returnRate = document.form1.ReturnRate.value; var yearlyContrib = document.form1.YearlyContrib.value; // Calculate Years To Retirement var yearsToRetirement = retAge - currAge; // Calculate Total Contributions Over Retirement Period var totalContribs = yearsToRetirement * yearlyContrib; // Calculate Interest Earned Over Retirement Period var totalInterest = totalContribs * (returnRate / 100); // Calculate Total Balance At Retirement var retirementBalance = totalContribs + totalInterest; // Display output document.getElementById("output").innerHTML = "Total Contributions Over Retirement Period: $" + totalContribs.toFixed(2) + "<br>" + "Total Interest Earned Over Retirement Period: $" + totalInterest.toFixed(2) + "<br>" + "Total Balance At Retirement: $" + retirementBalance.toFixed(2); } </script></code> For the given calculator type: "miles per gallon calculator", create a fully functional and accurate HTML and JavaScript calculator. Only give the text which would be in the <body></body> section of the HTML page so that it is just the HTML and JavaScript which would go into the page. The calculator must work client side. Do not allow it to submit the form or re-fresh the page, so only allow buttons or input of type button. Do not give the tags of <body> or <html>. Only give the HTML which goes inside <body>. If you give a heading, do not use <h1> use only <h2> and <h3>. Your response must be properly formatted HTML. It would be helpful to pre-populate the textboxes with values to make it easier to use. <h2>Miles Per Gallon Calculator</h2> <p>Use this calculator to determine your vehicle's miles per gallon (MPG) efficiency. Enter the number of miles you drove, the number of gallons it took to refill your tank, and click "Calculate" to determine your MPG.</p> <form name="form1" action="#"> <label>Miles Driven: </label><input type="number" name="Miles" value="150" required><br><br> <label>Gallons To Refill: </label><input type="number" name="Gallons" value="3.5" required><br><br> <input type="button" onclick="calculateMPG()" value="Calculate MPG"> <input type="reset" value="Reset Form"> <div id="output"></div> </form> <script> function calculateMPG() { var milesDriven = document.form1.Miles.value; var gallonsToRefill = document.form1.Gallons.value; // Calculate MPG var mpg = milesDriven / gallonsToRefill; // Display output document.getElementById("output").innerHTML = "Miles per Gallon: " + mpg.toFixed(2) + " mpg"; } Retirement and Pension Calculators: Your Guide to Financial Planning At some point or another, everyone has to think about retirement planning. Whether you’re five or fifty years from retirement, it’s always important to have a plan. That’s why so many people turn to pension and retirement calculators. These helpful tools give you the ability to develop a customized financial plan that’s tailored to your personal needs. So whether you’re trying to figure out how much money to save or if you’ll have enough money in retirement, pension calculators can give you the answers you need. Keep reading to learn the basics about retirement calculators and how you can take advantage of their benefits. What are Pension Calculators? Pension calculators are online tools that help you calculate future income from pension investments. By entering information about your current situation (i.e. age, income level, retirement savings, debts, number of years until retirement, etc.), pension calculators can help you create a customized plan to achieve your retirement goals. For example, if you are 40 years old and plan to retire in 20 years, you can use a pension calculator to figure out how much you need to save each month to make sure you have enough money in retirement. This is extremely helpful because it takes the guesswork out of planning for retirement. How Do Pension and Retirement Calculators Work? Pension calculators are similar to regular retirement calculators in that they both use the same set of variables to generate an estimate of how much money you’ll need in retirement. The main difference is that pension calculators focus specifically on pension investments, such as 401(k)s and IRA accounts. Retirement calculators, on the other hand, are broader in scope and take into account many different types of investments, such as stocks, bonds, and real estate. To generate an estimate, most pension calculators use a combination of three factors: time, return on investment, and inflation. By entering the number of years until retirement, the calculator can determine how much you can expect to earn from your pension investments. Then, it factors in the rate of return and inflation over time to come up with an accurate estimate of how much you’ll need in retirement. The Benefits of Using Pension Calculators Using a pension calculator can be beneficial for a variety of reasons. For starters, it can help you plan for retirement by providing an estimate of how much you need to save for retirement. This is extremely helpful, as it can give you an idea of how much money you’ll need to save each month to reach your retirement goals. In addition, pension calculators also provide valuable insights into your pension investments. For example, a pension calculator can tell you how long it will take for your pension investments to double, as well as what rate of return you will need to achieve in order to reach your retirement goals. This is a great way to stay on top of your pension investments. Finally, pension calculators can also help you determine if you’re taking full advantage of your pension benefits. By entering information about your pension investments, you can quickly see if you’re maximizing your investments or if you need to make adjustments to reach your retirement goals. Tips for Using Pension Calculators Using pension calculators is a great way to plan for retirement, but it’s important to remember that every person’s financial situation is unique. That’s why it’s important to review the assumptions being used by the calculator and customize them to your own situation. For example, if you are expecting to receive an inheritance that won’t be available until after you retire, you may need to adjust the calculator’s assumptions to reflect this. It’s also important to remember that pension calculators are just a tool. They can provide you with an estimate of what you need to do to achieve your retirement goals, but they don’t guarantee those goals. You should always consult with a financial advisor to ensure that your long-term plans are sound. Conclusion Pension calculators are invaluable tools that can help you plan for retirement. By entering information about your financial situation, you can get an estimate of how much money you’ll need to save each month to reach your retirement goals. It’s important to keep in mind, however, that every person’s financial situation is unique and the results of a pension calculator may not be applicable to your situation. When used correctly, pension calculators can be invaluable tools for the retirement planning process. They can help you make better decisions about how and where to invest your money in order to maximize your savings and ensure a comfortable retirement.