Hello all
Chandoo has graciously, some may say stupidly, given me access to post on Chandoo.org.
I have been a reader of Chandoo.org for about 2 years and have spent most of my time contributing to the Forums where I have just posted my 950th post.
I have written a few small posts which Chandoo has used, and I wrote a major post on Monte Carlo Simulation and Data Tables:
http://chandoo.org/wp/2010/05/06/data-tables-monte-carlo-simulations-in-excel-a-comprehensive-guide/
Which was well recieved.
I will be starting to post about once per week and will be introducing a series of real life problems and how they can be tackled using Excel.
Hiding Error Messages
I like to leave certain error messages in place because they can show you what your data is doing, but they look horrible when you print out reports.
One way around this is to use functions like =Iserr or =Iserror to trap the error and display something else
Eg: A formula =A1/A2 will divide A1 by A2 and give you an answer,
but if A2 is 0 you will get a Divide Zero Error #DIV/0!
To fix that you can use the =IFERROR Function =IFERROR(A1/A2,0) which will now give you a zero if A2 is zero
But if you don’t mind seeing, or want to see, the errors on screen, but don’t want to print them out you can have Excel hide the error messages at Print time.
How:
Goto the Page Setup menu
On the Sheet Tab use the Cell errors as:
and select <Blank>, “–“ or #N/A as appropriate
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.