The Retirement Savings Calculator is a React-based web application designed to assist users in planning their financial future. By simulating savings data both pre and post-retirement, the calculator provides valuable insights into your financial journey.
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Dynamic Simulation: The calculator dynamically simulates financial scenarios based on user-provided parameters such as current age, retirement age, life expectancy, investment corpus, monthly investment, growth rates, and more.
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Comprehensive Table: The simulation results are presented in a detailed table, showcasing key financial metrics at each age. This includes the corpus, yearly investment increments, returns on investment, and annual withdrawals.
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Visualization: The table is color-coded to highlight significant milestones, aiding users in quickly identifying key points in their financial journey. The red color indicates running out of money, and blue indicates the retirement age.
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User-Friendly Interface: The calculator offers a user-friendly interface with input fields for each parameter and a "Calculate" button to trigger the simulation.
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Clone the Repository:
git clone https://github.com/your-username/retirement-savings-calculator.git
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Install Dependencies:
cd retirement-savings-calculator npm install -
Run the Application:
npm start
The application will be accessible at http://localhost:3000 in your browser.
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Input Parameters: Enter your financial details in the provided input fields. Ensure all values are positive and accurate.
- Current Age: Your current age.
- Retirement Age: The age at which you plan to retire.
- Expect to Live Until: Estimated life expectancy.
- Existing Investment Corpus: Current savings and investments.
- Monthly Investment: Amount you plan to invest monthly.
- Expected Yearly Increase in Savings (%): Anticipated yearly growth in savings.
- Anticipated Annual Growth Rate of Investments (%): Expected yearly growth rate of investments.
- Percentage of Tax on Capital Gains (%): Tax applied to capital gains.
- Desired Post Retirement Monthly Income: Monthly income needed after retirement.
- Expected Inflation Rate (%): Anticipated inflation rate.
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Calculate: Click the "Calculate" button to initiate the simulation.
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Review Results: View the detailed table with financial metrics at each age. Color-coded cells highlight important milestones. Red indicates running out of money, and blue indicates the retirement age.
This calculator provides a simplified simulation and should not be considered financial advice. Actual results may vary, and it is recommended to consult with a financial advisor for personalized financial planning.
Made with ❤️ by Atharva Kitkaru