Current Age: This tells the calculator how much time you have left to save and invest for retirement.

Current income : current income refers to your gross income before taxes and deductions. This could be your salary, wages, bonuses, commission, or any other form of earnings you receive regularly.

Desired Retirement Age: When you plan to retire impacts how long your savings need to last.

Current Savings : current savings means the total amount of money you already have saved for retirement.

Life expectancy : life expectancy refers to the estimated number of years you might live after you retire. This is important because it helps determine how long your retirement savings need to last.

Inflation Rate: The inflation rate refers to the expected increase in prices of goods and services over time. It’s a crucial factor to consider because it affects how much purchasing power your retirement savings will have in the future.

Investment return rate : The investment return rate refers to the percentage of growth you expect on your retirement savings over time. It’s a critical input that helps estimate how much your savings will accumulate by the time you retire.

Desired Retirement Lifestyle – The Desired retirement lifestyle refers to the standard of living you aim to maintain after you stop working. It’s a crucial factor because it determines how much money you’ll need to save for retirement.

Savings Goal: This refers to the amount of money you need to generate your desired retirement income.