📘 How to Use This Retirement Savings Calculator

This calculator is designed to help you visualize how your savings grow over time—and how investing even small amounts consistently can lead to a big impact.

🔍 What Each Field Means:

• Initial Savings ($): The money you’ve already saved or plan to start with.

• Monthly Contribution ($): How much you plan to invest each month going forward.

• Expected Annual Return (%): The estimated yearly growth from your investments. (Historically, stock markets average 6–8%.)

• Years Until Retirement: How many years you plan to keep saving.

• Monthly Social Security / Pension ($): Any fixed income you’ll receive monthly. This adds to your monthly savings.

• View Report By: Choose to see detailed projections by month or by year.

📊 What You’ll See:

• Total Contributions: How much you added over time.

• Growth: How much your money earned through compounding.

• Final Savings: What you’ll have at retirement.

• Interactive Table + Chart: A breakdown that shows progress every month or year.

💡 Why This Matters:
Saving and investing regularly—even small amounts—can build real wealth. Seeing it clearly helps you understand how time and consistency turn saving into success.