Software Requirements Specification (SRS) for Retirement Planning Calculator

40

Software Requirements Specification (SRS) for Retirement Planning Calculator

Introduction

Purpose:

The purpose of this document is to outline the requirements for the development of a Retirement Planning Calculator application. This application aids users in planning for retirement by estimating the required savings and investments.

Scope:

The Retirement Planning Calculator will provide users with a tool to project their financial needs during retirement based on various factors. Users will input details such as current age, retirement age, expected expenses, and investment strategy, and the system will calculate and display the recommended savings and investments for a comfortable retirement.

System Overview

System Description:

The Retirement Planning Calculator will be a web-based application accessible through a browser. It aims to assist users in making informed decisions about their retirement savings and investment plans.

System Architecture:

The application will follow a client-server architecture, with the client being the web browser and the server handling the calculation and retirement planning logic.

Functional Requirements

Use Cases:

Plan for Retirement:

Functional Requirements:

Input:

The system shall accept the following input:

Calculation:

Output:

Non-Functional Requirements:

External Interface Requirements

User Interfaces:

Hardware Interfaces:

Software Interfaces:

Communication Interfaces:

Performance Requirements

Response Time:

Throughput:

The application should handle at least 50 simultaneous users.

System Constraints

Regulatory Requirements:

The application should comply with relevant financial regulations.

Hardware Limitations:

The system should be compatible with devices with standard web-browsing capabilities.

Security Requirements

Authentication:

The application may not require user authentication as it’s a public tool.

Data Protection:

The system should not store or retain any user input data after the calculation.

Quality Attributes

Reliability:

The application should produce accurate results based on the provided input.

Maintainability:

The code should be well-documented for ease of maintenance.

Usability:

The user interface should be intuitive, requiring minimal guidance.

Testing Requirements

Test Cases:

Test cases should cover various input scenarios to ensure accurate retirement planning calculations.

Test Case 1:

Test Case 2:

Test Case 3:

Acceptance Criteria:

The application is considered successful if it produces correct recommended savings and investment amounts based on the predefined retirement planning algorithm.

Project Timeline

Milestones:

Design, Development, Testing, Deployment.

Development Phases:

Frontend development, Backend development, Testing, Deployment.

Glossary

None

Database Structure

Tables:

Retirement_Planning_Records:

Conclusion

This extended SRS document provides a more detailed overview of the Retirement Planning Calculator application, including the database structure and additional test cases. It should be reviewed and approved by relevant stakeholders before proceeding with the development phase.

Exit mobile version