When I was in Perth, I visited Hui’s house one day. Lovely, Hui’s daughter (who is about 14) asked Hui how he knew me. Hui told that we both share a passion for Excel and thats how we got to know each other. Then she asked, What is Excel?
At this point, we both tried to explain what Excel is to her in a few ways with no success. Later Hui came up with a brilliant explanation.
He said, Excel has lots of small calculators all interconnected, so that you can do any sort of calculation.
So here is a challenge for you. How would you explain Excel to a small kid (or someone who never heard about it).
Share your answers using comments.
Go ahead and be funny, outrageous, creative or elaborate. Say something.
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.