Week 8: My Idea for a Site Using Javascript

I've seen quite a few sites that provide you with your expected income after you retire, but none of them take into consideration your life expectancy and/or how you plan to invest your money. If there is, I haven't seen it yet. So, my idea for an interactive web site would be a site that could give you financial advice on how to save and invest your money for retirement based on your current income, expenses, and life expectancy. The page would have three modules.

First, it would ask you for your current income, current age, chances for promotion and future salary increases, inheritance, schooling, degrees intended to be earned, etc. It would also ask you what percentage of your monthly income you currently invest in pension plans, 401ks, saving accounts, etc. Based on the information provided, it would come up with your total projected yearly income for the year you plan to retire based on your age (62.5, 67, 70.5, or an age that you would enter).

Then it would rate you as an investor based on your answers to a questionnaire, and based on your current age (conservative investor, medium investor, aggressive investor). It would then provide you with an expected rate of return on your investment from now until you retire, and the rate of return after you retire, considering you would have less money/no money to invest after you retire.

The third module would calculate your life expectancy based on information provided by you on a questionnaire such as current age, life style (exercise/no exercise, stress level at work and at home, vacation time, etc.), smoking habits, drinking habits, illegal drug use, family history of degenerative diseases (cancer, high blood pressure, diabetes, etc.), and other chronic diseases.

The page would then compute your monthly income after you retire based on information provided in all three modules: total projected income for the year you plan to retire, investor rating, life expectancy.