Excel 2013, the newest version of Excel as of writing this has many great features like data modeling, improved pivot tables, power view, flash fill etc. But one thing that I find very annoying is the Open & Save experience. Any time we open a file or save a workbook (which happens a lot everyday), we must navigate the painful backstage screen to select our favorite folders. You see, Excel 2013 supports cloud saving. So that means, by default it will show your Office 365 or OneDrive or SkyDrive or whatever fancy new name Microsoft has for these things. But I am not so much in to clouding. Heck, I see a passing cloud in the sky and I almost run into my house. So what to do?
Simple. We can turn off these features.
We can save & open files faster by using below trick (I am cursing myself for not learning this earlier).
- Go to Excel options (this will be visible only once you open any file, even a new one) from File menu.
- Click on Save
- Enable “Dont show backstage when opening or saving files”
- Enable “Save to computer by default”
- Optional: Add a default save location for your workbooks
- You are done.
Now that I have turned on these features, I no longer pay the extra click tax to Microsoft whenever I save my files.
What about you?
More on working with Excel faster
- Customize Excel to maximize your productivity
- Learn a few shortcuts, you will become superhero at work
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.