Adding an actionable aspect to a few of the other answers:
Both can give exit codes - default or defined by the function, and the only 'default' is zero for success for both exit and return. Any status can have a custom number 0-255, including for success.
Return is used often for interactive scripts that run in the current shell, called with . script.sh
for example, and just returns you to your calling shell. The return code is then accessible to the calling shell - $?
gives you the defined return status.
Exit in this case also closes your shell (including SSH connections, if that's how you're working).
Exit is necessary if the script is executable and called from another script or shell and runs in a subshell. The exit codes then are accessible to the calling shell - return would give an error in this case.