Retirement Calculator Enter Current Age: Enter Target Retirement Age: Enter Current Savings: Enter Monthly Contributions: Enter Interest Rate: function calculateRetirement() { var age = document.getElementById('age').value; var retirementAge = document.getElementById('retAge').value; var savings = document.getElementById('savings').value; var contributions = document.getElementById('contrib').value; var interest = document.getElementById('interest').value/100; var yearsRemaining = retirementAge - age; var compoundedInterestRate = Math.pow((1 + interest), yearsRemaining); var totalSavingsRequired = (contributions * ((Math.pow(1+interest, yearsRemaining) - 1) / interest)) * (1 + interest); var totalSavingsAtRetirement = savings * compoundedInterestRate + (contributions * twelveMonths(contributions, interest, yearsRemaining)); var savingsRequiredAtRetirement = totalSavingsRequired - totalSavingsAtRetirement; document.getElementById('output').innerHTML = 'Total Savings Required at Retirement: ' + totalSavingsRequired.toFixed(2) + '<br>' + 'Total Savings at Retirement: ' + totalSavingsAtRetirement.toFixed(2) + '<br>' + 'Savings Required at Retirement: ' + savingsRequiredAtRetirement.toFixed(2); } function twelveMonths(contrib, interest, years) { var simpleInterest = (1+(interest * 12)) * years; var compoundedInterest = 0; for(var i = 1; i <= years; i++) { compoundedInterest += Math.pow((1+interest), i); } return (simpleInterest + contrib * compoundedInterest); } What Retirement Calculators from MSN Can Teach You About Saving for Your Future When it comes to retirement planning, many people tend to overlook the importance of staying on top of their savings. With the numerous investment options available, it can be difficult to know which ones are best for your financial future. Retirement calculators from MSN can help you make informed decisions about where and how to save for retirement. MSN offers a range of retirement calculators that are easy to use and provide reliable predictions about your retirement performance. These calculators allow you to quickly estimate your retirement savings based on the amount of money you have currently saved, how much you plan to save in the future, and your risk aversion. They also allow you to input important information such as your current age, anticipated retirement age, estimated annual income, and your desired lifestyle in retirement. By using retirement calculators from MSN, you can get a better understanding of how you should manage your finances to achieve your retirement goals. The calculators can provide you with insights into important topics such as asset allocation, retirement income sources, and tax implications. All of this information can help you make more informed decisions about how to manage your savings and investments. Retirement calculators from MSN also include helpful hints and tips that can help you plan ahead and maximize your retirement savings. For example, MSN’s retirement calculators provide tips on how to maximize your contribution limits and select investments with the most favorable tax implications. With this type of information, you can be better equipped to make decisions about your retirement savings. In addition to offering helpful retirement calculators, MSN also provides accessible information regarding other topics related to retirement planning. From how much you should save in order to maintain your current lifestyle in retirement to the types of investments that can help you maximize your returns, MSN provides comprehensive information that can help you stay on track for achieving your retirement goals. By utilizing retirement calculators from MSN, you can gain an increased understanding of how to save and invest for your future. While retirement may seem like a distant goal, it’s important to plan ahead and make sure you are taking the necessary steps to ensure that you’ll have adequate funds and resources to assure a comfortable retirement. With MSN’s retirement calculators, you can quickly and easily estimate your retirement savings, strategize how to best use those funds, and gather additional information about other retirement-related topics.