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Can the calculator account for changes in my salary or contributions over time?

Curious about Retirement calculator

Can the calculator account for changes in my salary or contributions over time?

Yes, many retirement calculators allow you to adjust your salary or contributions over time to reflect expected changes in your income or savings rate. This can be particularly useful if you anticipate a promotion or plan to increase your retirement contributions as you get closer to retirement age. By factoring in these changes, you can get a more accurate estimate of your future retirement savings and adjust your financial plan accordingly. It's important to remember, however, that these projections are just estimates and may not reflect actual investment returns or market conditions. It's always a good idea to regularly review your retirement plan and make adjustments as necessary.

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