attribute. Retirement Investment Calculator Enter information about your current individual retirement account (IRA) and see how your investment choices will affect your savings over time. Current IRA Balance: Current Contributions Per Year: Current Rate of Return: Years Until Retirement: Investment Choices: Conservative Moderate Growth Estimated balance at retirement: $ function calculate() { let currentBalance = document.getElementById('currentBalance').value; let currentContributions = document.getElementById('currentContributions').value; let currentRateReturn = document.getElementById('currentRateReturn').value; let yearsUntilRetirement = document.getElementById('yearsUntilRetirement').value; let investment = document.querySelector('input[name="investment"]:checked').value; let estimatedBalance; if (investment === "conservative") { estimatedBalance = currentBalance * (1 + (currentRateReturn / 100) * (yearsUntilRetirement - 1)) + (currentContributions * yearsUntilRetirement); } else if (investment === "moderate") { estimatedBalance = currentBalance * (1 + (currentRateReturn / 100) * 1.2 * (yearsUntilRetirement - 1)) + (currentContributions * yearsUntilRetirement); } else if (investment === "growth") { estimatedBalance = currentBalance * (1 + (currentRateReturn / 100) * 1.45 * (yearsUntilRetirement - 1)) + (currentContributions * yearsUntilRetirement); } document.getElementById('estimatedBalance').innerHTML = estimatedBalance; } What Are Retirement Investment Calculators? Retirement investment calculators are tools that are used to help individuals and couples plan for their financial future. With the help of a calculator, you can easily calculate how much you need to save and invest in order to reach your retirement goals. By utilizing a calculator, you can make sure you are putting enough money aside so that you are able to enjoy the lifestyle you want in your retirement years. How a Retirement Investment Calculator Works In order to use a retirement investment calculator, you need to input certain pieces of information. Generally, you will need to provide the calculator with information such as your age, current salary, estimated retirement age, estimated rate of return, and estimated inflation. With this information, the calculator can generate an estimated portfolio value at retirement. Retirement investment calculators can also help you evaluate different strategies for investment in order to determine which approach would provide the best returns. By plugging in different scenarios, you can see how different investments would affect your portfolio over time. This can help you to identify opportunities for adding to your portfolio or reducing your risk level, thus ensuring a secure financial future. The Benefits of a Retirement Investment Calculator One of the biggest benefits of using a retirement investment calculator is that it can help to provide insight into how specific investments could affect the value of your portfolio at retirement. By playing around with different scenarios, you can quickly see how much money is needed to achieve certain goals. This information can then be used to develop a comprehensive retirement plan that accounts for future costs as well as expected returns. Additionally, a retirement investment calculator can also provide you with an estimate of how much you need to save each month in order to meet your goals. By taking into account factors such as inflation and taxes, you can develop a plan that will ensure you reach your desired retirement goals. Lastly, the calculator can also help to keep you on track by alerting you when you are not meeting your investment goals. This allows you to make adjustments to your plan so that you can stay on track for a secure financial future. Conclusion A retirement investment calculator can be a great resource for realizing financial freedom in the future. By using a calculator, you can quickly identify potential investments and develop a retirement plan that will help you to reach your goals. Additionally, these calculators can help you to stay on track and alert you when you are not meeting your goals. Retirement calculators offer individuals a great way to plan for their future and ensure the kind of lifestyle they desire at retirement.