Change Data Labels in Charts to Whatever you want [Quick Tip]

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We all know that Chart Data Labels help us highlight important data points. When you “add data labels” to a chart series, excel can show either “category” , “series” or “data point values” as data labels.

But what if you want to have a data label that is altogether different, like this:

Custom Data Labels in Charts - an Example

You can change data labels and point them to different cells using this little trick.

  1. Data For Custom Chart Data LabelsFirst add data labels to the chart (Layout Ribbon > Data Labels)
  2. Define the new data label values in a bunch of cells, like this:
  3. Now, click on any data label. This will select “all” data labels. Now click once again. At this point excel will select only one data label.
  4. Go to Formula bar, press = and point to the cell where the data label for that chart data point is defined.
  5. Repeat the process for all other data labels, one after another. See the screencast.
    Set chart data labels to custom values - demo

Points to note:

  1. This approach works for one data label at a time. So if you have a large chart, you are in for a lot of clicks and manic mouse maneuvering.
  2. That brings us to Rob Bovey’s Chart Labeler Excel Add-in. This free tool can automate the whole custom chart labeling for you.
  3. If you want more formatting options, consider adding text boxes and point them to cells instead. See the smart chart legends post.

Share your Chart Formatting Tricks:

What are your favorite chart formatting tricks? My favorite tricks are using text boxes to add rich formatting to charts (example here) and messing with fonts and colors (some rules here).

What about you?

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6 Responses to “Nest Egg Calculator using Power BI”

  1. Sandeep Kothari says:

    Wow! What a Powerful article!

  2. ravi says:

    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

  3. Himanshu Patidar says:

    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.

    • Chandoo says:

      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.

  4. FrankT says:

    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.

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