I am currently attending High School, so I don't expect too much here. I simply want to know all the recommendations for this circuit (Capacitor values, etc). 

But I mainly want to know if this circuit will take 120V AC and charge a battery in parallel with the load which will be a future bare-bone Arduino circuit. 

NOTE: Bridge Rectifier Will Be A NTE5326.

Circuit Image:

![](https://i.stack.imgur.com/8X2IO.png)

Data Sheets:

* [Mcp73831](https://cdn.sparkfun.com/assets/learn_tutorials/6/9/5/MCP738312.pdf)
* [LM2576](http://www.ti.com/lit/ds/symlink/lm2576.pdf)
* [NTE5326 Bride Rectifier](https://www.alliedelec.com/m/d/fc2f4f7b067a9ee1774f9d7d75301652.pdf)