Are there different types of retirement calculators for different retirement goals?

Yes, there are various types of retirement calculators designed to cater to different retirement goals. Here are some common types:

• Basic Retirement Calculators: These provide a straightforward estimate of how much you need to save based on your current savings, expected retirement age, and desired lifestyle.
• Early Retirement Calculators: Specifically designed for those looking to retire before the desired age, these calculators help assess how much you need to save and how to manage withdrawals.
• Healthcare Cost Calculators: These calculators estimate future medical expenses, allowing you to plan for healthcare costs in retirement.
• Investment Growth Calculators: These help you project how your investments will grow over time, factoring in different rates of return and risk levels.

By using the appropriate calculator for your specific retirement goals, you can create a more tailored and effective retirement plan.