Retirement Savings Calculator
Plan for your golden years with our easy-to-use retirement savings calculator. Simply input your current savings, expected annual contributions, desired retirement age, and estimated annual return on investment to see how your savings might grow over time.
function calculateRetirementSavings() {
var currentSavings = parseFloat(document.getElementById("currentSavings").value);
var annualContribution = parseFloat(document.getElementById("annualContribution").value);
var retirementAge = parseInt(document.getElementById("retirementAge").value);
var currentAge = parseInt(document.getElementById("currentAge").value);
var annualReturn = parseFloat(document.getElementById("annualReturn").value) / 100; // Convert percentage to decimal
var resultDiv = document.getElementById("retirementResult");
resultDiv.innerHTML = ""; // Clear previous results
if (isNaN(currentSavings) || isNaN(annualContribution) || isNaN(retirementAge) || isNaN(currentAge) || isNaN(annualReturn)) {
resultDiv.innerHTML = "Please enter valid numbers for all fields.";
return;
}
if (currentAge >= retirementAge) {
resultDiv.innerHTML = "Your current age is already at or past your desired retirement age. Please adjust your inputs.";
return;
}
var yearsToRetirement = retirementAge – currentAge;
var projectedSavings = currentSavings;
for (var i = 0; i < yearsToRetirement; i++) {
projectedSavings += annualContribution;
projectedSavings *= (1 + annualReturn);
}
resultDiv.innerHTML =
"
Projected Retirement Savings
" +
"Based on your inputs, your projected retirement savings at age " + retirementAge + " could be approximately:
$" + projectedSavings.toFixed(2).replace(/\B(?=(\d{3})+(?!\d))/g, ",") + "" +
"This projection assumes a consistent annual return of " + (annualReturn * 100).toFixed(2) + "% and annual contributions of $" + annualContribution.toFixed(2).replace(/\B(?=(\d{3})+(?!\d))/g, ",") + ".";
}
.retirement-calculator-container {
font-family: sans-serif;
max-width: 600px;
margin: 20px auto;
padding: 20px;
border: 1px solid #ccc;
border-radius: 8px;
box-shadow: 0 2px 5px rgba(0,0,0,0.1);
}
.retirement-calculator-container h2 {
text-align: center;
color: #333;
margin-bottom: 20px;
}
.retirement-calculator-container p {
line-height: 1.6;
color: #555;
}
.calculator-inputs {
display: grid;
grid-template-columns: 1fr 1fr;
gap: 15px;
margin-top: 20px;
}
.input-group {
display: flex;
flex-direction: column;
}
.input-group label {
margin-bottom: 5px;
font-weight: bold;
color: #444;
}
.input-group input[type="number"] {
padding: 10px;
border: 1px solid #ccc;
border-radius: 4px;
font-size: 1rem;
}
.retirement-calculator-container button {
grid-column: 1 / -1; /* Span across both columns */
padding: 12px 20px;
background-color: #007bff;
color: white;
border: none;
border-radius: 4px;
cursor: pointer;
font-size: 1.1rem;
margin-top: 10px;
transition: background-color 0.3s ease;
}
.retirement-calculator-container button:hover {
background-color: #0056b3;
}
.calculator-result {
margin-top: 25px;
padding: 15px;
background-color: #e9ecef;
border: 1px solid #dee2e6;
border-radius: 5px;
}
.calculator-result h3 {
margin-top: 0;
color: #333;
}
.calculator-result p {
margin-bottom: 0.5em;
}
.calculator-result strong {
color: #28a745;
}