Retirement Planner

Retirement Planner Guide

How to Use This Calculator

1. Enter Your Details:

   • Current Age (in years)

   • Planned Retirement Age

   • Monthly Savings Amount ($)

   • Expected Annual Return (%)

2. Click “Calculate” to see your projected retirement savings

3. Review Results:

   • Total estimated retirement nest egg

   • Based on compound interest calculations

Key Features

✔️ Compound Interest Calculation: Accounts for monthly contributions
✔️ Simple Interface: Easy-to-use form
✔️ Mobile-Friendly: Works on all devices
✔️ Detailed Projection: Shows growth over time

Understanding the Calculation

The formula used:

Future Value = Monthly Savings × [(1 + r)^n - 1]/r
Where:
r = monthly return rate
n = total number of months until retirement

Pro Tips

🔹 Conservative Estimates: Use 4-6% return for realistic projections
🔹 Increase Savings: Try different monthly amounts to see the impact
🔹 Early Start Advantage: See how starting 5 years earlier affects your total

Example Scenarios