To calculate the number of days until retirement:
RD = (RA - CA) × 365
Where:
Retirement days refer to the period after an individual has stopped working, typically after reaching the age of retirement, which varies depending on the country’s laws and the individual’s personal circumstances. During this time, the retiree usually relies on savings, pensions, or retirement funds for their financial needs. It’s often associated with leisure, travel, hobbies, spending time with family, or pursuing other personal interests that they didn’t have time for during their working years.
Let's assume the following values:
Using the formula:
RD = (RA - CA) × 365 = (65 - 45) × 365 = 20 × 365 = 7300 days
Let's assume the following values:
Using the formula:
RD = (RA - CA) × 365 = (60 - 30) × 365 = 30 × 365 = 10950 days