A retirement calculator is a tool that helps you estimate how much money you will need to save for retirement and how much income you can expect to receive during your retirement years. Retirement calculators typically take into account various factors such as your current age, expected retirement age, desired retirement income, expected rate of return on your investments, and estimated life expectancy.
Using this information, retirement calculators can give you an idea of how much you need to save each month or year to meet your retirement goals. Retirement calculators can also help you determine whether you are on track to meet your retirement goals or if you need to adjust your savings plan. They can be very useful in helping you make informed decisions about your retirement savings and investment strategies.
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