Retirement Calculator Current Age: Retirement Age: Current Savings: Monthly Savings: Expected Annual Return: Estimated Monthly Expenses in Retirement: Retirement Fund at age 65: function computeForm() { var currAge = document.forms["retirementCalcForm"]["currentAge"].value; var retireAge = document.forms["retirementCalcForm"]["retirementAge"].value; var currentSavings = document.forms["retirementCalcForm"]["currentSavings"].value; var monthlySavings = document.forms["retirementCalcForm"]["monthlySavings"].value; var annualReturn = document.forms["retirementCalcForm"]["annualReturn"].value; var monthlyExpenses = document.forms["retirementCalcForm"]["monthlyExpenses"].value; var numYearsToRetire = retireAge - currAge; var totalSavingAndInterest = currentSavings; for (var i = 0; i < numYearsToRetire; i++) { //calculation for savings and interest totalSavingAndInterest = totalSavingAndInterest + (totalSavingAndInterest * (annualReturn/100)) + (monthlySavings * 12); } if (totalSavingAndInterest < (monthlyExpenses * 12 * numYearsToRetire)) { alert("Insufficient retirement fund"); } else { document.forms["retirementCalcForm"]["fundAtRetirement"].value = totalSavingAndInterest; } } Retirement Planning: Finding the Best Retirement Calculator for You Planning for retirement is a huge undertaking, and can become even more stressful when it involves making decisions about budgeting and investments. But don't worry - there are plenty of tools available to make retirement planning easier. Retirement calculators, in particular, can make this process simpler - so long as you choose the right one. Retirement calculators come in a variety of forms, with different features and functions that should be taken into account when making your decision. This article will help you understand the many aspects of retirement calculators and how to choose the best retirement calculator for your specific needs. What is a Retirement Calculator? Retirement calculators are online tools used to help individuals estimate the amount of retirement savings they need in order to lead a comfortable lifestyle. Retirement calculators are designed to take into account factors like financial goals, current savings, and projected income and lifestyle needs. With all of this information, a retirement calculator can provide an estimate of how much money you will need to save in order to retire comfortably. Retirement calculators are especially useful for people who don’t have a lot of experience with retirement planning. By inputting your personal information, you can get a more accurate estimate of the amount of savings you need. Plus, this gives you the opportunity to customize your plan according to your needs and lifestyle choices. Types of Retirement Calculators Retirement calculators come in a variety of forms, so it’s important to have a basic understanding of the different types before making a decision. Broadly speaking, there are three types of retirement calculators: individual, employer, and government calculators. Individual calculators are designed for individuals planning for retirement on their own. These calculators are easy to use since all you have to do is input your personal information and make some choices about your future lifestyle. Employer calculators are designed for those who are participating in workplace savings plans. This type of calculator can take into account contributions made by the employer as well as other factors like pension plans. Lastly, government calculators are designed for those who are planning their retirement with social security or other government programs in mind. Finding the Right Retirement Calculator for You Now that you have a better understanding of the types of retirement calculators available, the next step is to find the right calculator for you. The best way to do this is to first have a clear idea of your goals and financial situation. Knowing exactly what you need will make it easier to narrow down your options and pick the best calculator for you. Once you have a good understanding of your own individual needs, start searching for calculators that meet these needs. Be sure to look at user reviews and ratings to get an idea of how accurate and helpful each calculator is. Look at the features of each calculator and make sure it offers all the features you need. Lastly, make sure the calculator has a user-friendly interface, so that you don’t struggle while using it. Conclusion Retirement calculators are valuable tools that can help you plan for your future. With so many calculators out there, it’s important to understand your individual needs and find the right calculator for you. Once you’ve done your research, you will be well on your way to finding the best retirement calculator for you.