Retirement Calculator Instructions:

1. Current Age: Enter your current age in years. This is your age at the time of using the calculator.

2. Annual Pre-tax Income ($): Input your annual income before taxes. This represents your current yearly earnings.

3. Current Retirement Savings ($): Enter the amount of money you currently have saved for retirement.

4. Monthly Contributions ($): Specify how much you plan to contribute to your retirement savings each month.

5. Monthly Budget in Retirement ($): Input the amount you anticipate needing each month during retirement to cover your living expenses.

6. Other Retirement Income (optional): If you expect additional sources of retirement income (e.g., Social Security, pension), you can enter that amount. Leave this field empty if not applicable.

7. Calculate: Click the "Calculate" button to perform the calculation.

8. Retirement Age Estimate: The calculator will display an estimated retirement age at which you can maintain your desired monthly budget throughout your expected life expectancy.

Common Use Cases:

1. Retirement Planning: Use the Retirement Calculator to estimate the age at which you can comfortably retire while maintaining your desired lifestyle. It helps you set realistic retirement goals.

2. Savings Assessment: Assess the adequacy of your current retirement savings and determine if you need to increase your monthly contributions to meet your retirement goals.

3. Budgeting: Plan your retirement budget by understanding how your current savings and contributions align with your expected expenses in retirement.

4. Scenario Analysis: Test different retirement scenarios by adjusting variables like savings, contributions, and expected retirement income to see how they affect your retirement age.

5. Social Security Planning: If you're nearing retirement age, the calculator can help you decide when to start collecting Social Security benefits based on your financial situation.

6. Early Retirement Planning: For those aiming to retire earlier than the average retirement age, the calculator can help you assess the feasibility of early retirement goals.

7. Financial Goal Setting: Use the calculator to set specific financial targets for retirement savings and contributions based on your desired retirement age and budget.

Remember: The Retirement Calculator provides estimates and assumes constant contributions, returns, and expenses. For a more accurate and personalized retirement plan, consider consulting with a financial advisor or using professional retirement planning software. This calculator serves as a useful starting point for understanding your retirement planning needs.