Retinoblastoma is the most common intraocular tumor in children, occurring in about 1 in 15,000 live births, with a high incidence before age five. It can be bilateral or unilateral and has hereditary and sporadic forms, with treatment options including enucleation, chemotherapy, and radiation based on the tumor's size and progression. Prognosis varies widely, with a 5-year overall survival rate of 93% in the U.S., but patients face risks of recurrence and secondary malignancies.