👴 What is a Retirement Calculator?

A Retirement Calculator helps you estimate how much money you need after retirement and how much you should save now.

It calculates:

• Retirement savings needed
• Monthly savings required
• Future value of investments

🎯 How to Use a Retirement Calculator

1. Enter Your Current Age
   
   • Example: 25 years
2. Enter Retirement Age
   
   • Example: 60 years
3. Enter Current Savings
   
   • Example: ₹1,00,000
4. Enter Monthly Contribution
   
   • Example: ₹5,000
5. Enter Expected Return (%)
   
   • Example: 10%
6. Click “Calculate”
7. View Result
   
   • Total retirement savings
   • Monthly income after retirement
   • Investment growth

📊 How It Works

👉 Uses compound interest formula to estimate future savings.

👉 Future Value = P × (1 + r)^n

📊 Example

👉 Age = 25
👉 Retirement = 60
👉 Monthly Saving = ₹5,000
👉 Return = 10%

➡️ Retirement Fund ≈ ₹1+ Crore (approx)