"I shall ___" means "I will ___". But "I shall" sounds very formal. Most people only use "I shall ___" in a few specific situations:
- When making a promise during some kind of ceremony, like in a wedding.
- When speaking poetically. Here is a line from the play Hamlet by William Shakespeare, as an example:
He was a man, take him for all in all, I shall not look upon his like again.
- In a political speech.
- On TV shows and in movies, books, and comic books, superheroes and villains sometimes use "shall":
No matter the odds, no matter who tries to stop me, I shall prevail.
In most cases, use "I will ___" to announce things that you're going to do. Use "I'm going to ___" to talk about things that you've already planned to do.