When I read Is your website’s underwear showing?, I couldn’t control the urge to write this one.
So the big screaming friday question everyone…
Is your chart’s underwear showing?
What is my chart’s underwear? you may ask.
My dear reader, it is the background color (that grayish shade excel adds by default). Also commonly known as one of the chart junk (no pun intended).
It is surprising how many people leave the default background color on, and yet spend countless hours working the rest.
What difference does it make?
It makes a hell of a lot of difference. Just set the background color to white and tell me if your eyes haven’t felt better.
Remember, only superman can get away showing his underwear. But, again he doesn’t have to work on spreadsheets and powerpoint like you and me. So, lets just hide that ugly background color. Ok?
6 Responses to “Nest Egg Calculator using Power BI”
Wow! What a Powerful article!
Hello Chandoo Sir
your file does not work with Excel 2016.
how can I try my hands on this powerful nest egg file ?
thanks
Ravi Santwani
@Ravi... this is a Power BI workbook. You need Power BI Desktop to view it. See the below tutorial to understand what Power BI is:
https://chandoo.org/wp/introduction-to-power-bi/
As always, superb article Chandoo... 🙂
Just one minor issue:
While following your steps and replicating this calculator in PowerBI, I found that the Growth Pct Parameters should be set as "Decimal number" not "Whole Number"
OR
we have to make corresponding adjustments in the Forecast formulas (i.e. divide by 100) to get accurate results.
You are right. I used whole number but modified the auto created harvester measure with /100 at end. Sorry I did not mention it in the tutorial.
Instead of
[Growth Pct 1 Value]/12
the monthly rate has to be
(1+[Growth Pct 1 Value])^(1/12)-1
It's a slight difference but in 30 years the future value will be $100k less.