Here is a list of formulas I wish MS Excel had. Alas, we need to build some work-arounds to solve them though.
- CONCATENATE (range): that can take a range of cells and churn out a big text combining all of them. Of course, here a VBA UDF alternative to concatenate range of cells.
- SPLIT (text, delimiter, part): that can take a text and split it based on the specified delimiter. We will have to use a formula based alternative to split text
- UNIQUE(list, number): that takes a list and returns the unique items based on the number specified. Well, for the time being we can get unique items with formulas.
- ISBETWEEN(number, first, second): to check whether “number” is between “first” and “second”. You can do this using AND() formula like AND(number>=first, number<=second).
- FINDLAST(findthis, text): that can find the last occurrence of a particular text in another text. I don’t know any good formula for this.
What are the formulas you wish Excel had ?
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.