Hi Fleming,

A retirement calculator is a tool that helps you figure out the amount you need to invest regularly today, to meet your future financial goals. Basically, it helps you calculate how much you need to save in order to ensure a smooth and comfortable old age.

Ideally, the amount that this retirement calculator gives you should be invested in any of the investment products in the market like Mutual Funds, different types of Life Insurance, etc.

Both these terminologies are different. Hope this clarifies your confusion.

Thanks!