Based on your birthday, this online calculator calculates your full retirement date, the first month you will be eligible for full Social Security retirement benefits, and the month you can apply for Find out your full retirement age, which is when you become eligible for unreduced Social Security retirement benefits. The year and month you reach full retirement age depends on · Enter your birthday: March 25, Choose your retirement age: Click "Retirement age" to output the result. Your retirement date is: March 25, How many Age Calculator. The Age Calculator can determine the age or interval between two dates. The calculated age will be displayed in years, months, weeks, days, hours, minutes, and seconds. · Retirement Date = SWITCH (TRUE (), YEAR (People[Birth-Date]) >= && YEAR (People[Birth-Date]) DATE ((YEAR ([Birth-Date]) + 65), MONTH ( ... read more

Thanks so much!! The formula is a little bit more complex because you want to return a date and in that way you need to add each of the date fields in you final result, if you only wanted to return the year it would be simpler. Thanks, MFelix. I understand. And I'm running into a similar problem with banding these results again in another calculated column. Now I am trying to say, if Today is greater than retirement date then "Over Retirement", if Retirement date is within 3 years of Today then "Within 3 Years" else, Not Eligible.

I really need to take a class on DAX but my company won't pay for it. My reports are boss, but it's weird trying to get a handle on how different DAX is from Excel code and even SQL!

I'm really good with Excel and various forms of SQL, but for some reason I'm struggling with DAX. Some stuff really makes sense, other stuff to me doesn't. You're a gem, MFelix! I wish I could give you something to show my appreciation!

Thank you so much! Not sure if you can assist here. I appreciate the help with the banding. However, I ran into a problem. For example, I have a headcount of Over Retirement is , Within 3 years is , within 5 years is , and not eligible is What can I do here to make this happen? I can only add 1 value to the VALUE field. Just not sure how to go about it Create a group on the new group level on your table with this column you will then be able to do your charts based on that.

As you can see there is a new "field" in your table with 2 squares crossing each other representing the groups. This is the fastest and easiest way, be aware that if you create a new category you need to edit you grouping as a best practice I always tick the box Include Other Group in the bottom of the group options that way the ungroup values show in my graph and I can have a "check-list".

Doing it with measures is also possible but make it a little bit more complex in terms of dax but possible, but believe this is much better for your purpose. The within 5 years needs to also have the within 3 years data rolled into it as a cumulative sum. That's where I'm stuck. Mark your calendars and join us on Thursday, September 29 at 11a PDT for a great session with Ted Pattison! skip to main content.

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All forum topics Previous Topic Next Topic. sokatenaj Helper III. Mark as New Bookmark Subscribe Mute Subscribe to RSS Feed Permalink Print Email to a Friend Report Inappropriate Content. Calculating Retirement Date. Good day, Similar to my earlier post about generational bands.

I want to try to compile these as one calculated column because then I can then calculate a DATE DIFF between the birth date and retirement date as another calculated column to have it write "Over Retirement, Within 3 Years, etc" based on "TODAY " Please and thank you.

Labels: Labels: Need Help. Message 1 of MFelix Super User. Regards Miguel Félix Did I answer your question? Mark my post as a solution! Proud to be a Super User! Check out my blog: Power BI em Português. Message 2 of Use a positive value for months to get a date in the The Excel YEARFRAC function returns a decimal value that represents fractional years between two dates. You can use YEARFRAC to do things like calculate age with a birthdate.

If number is positive, SIGN returns 1. If number is negative, sign returns If number is zero, SIGN returns 0. Formulas are the key to getting things done in Excel. You'll also learn how to troubleshoot, trace errors, and fix problems. Instant access. See details here. Get over Excel Functions you should know in one handy PDF.

Skip to main content. Calculate retirement date. Generic formula. Related formulas. Get age from birthday. A compatibility function that comes originally from Lotus , Excel will not help supply arguments when the function is entered. However, DATEDIF works in all modern versions of Calculate years between dates. The YEARFRAC function returns a decimal number representing the fractional years between two dates.

Get same date next year. EDATE can get the "same date" in the future or past, based on the number of months supplied.

When 12 is given for months, EDATE gets the same date next year. Next business day 6 months in future. Working from the inside out, EDATE first calculates a date 6 months in the future.

In the example shown, that date is December 24, Next, the formula subtracts 1 day to get December 23, , and the result goes into the WORKDAY function as the Next anniversary date. Working from the inside out, we use the DATEDIF function to calculate how many complete years are between the the original anniversary date and the "as of" date, where the as of date is any date after the anniversary date: DATEDIF B5 , C5 , " Related functions. Excel EDATE Function. Excel YEARFRAC Function. Excel SIGN Function.

Related videos. How to calculate and highlight expiration dates. In this lesson we look at how to generate an expiration date in the future, how to calculate "days remaining," and how to highlight dates that are "expired" or "expiring soon" with conditional formatting. Excel Formula Training Formulas are the key to getting things done in Excel.

Email HP. Excellent explanation, thank you very much indeed for a really excellent website and for you huge enthusiasm..

To calculate a retirement date based on a birthdate, you can use the EDATE function. In the example shown, the formula in D6 is:. Note: At the time of this writing, the current date is September 2, This is the date used to calculate the remaining years in column F. In this example, the goal is to calculate a retirement date at age 60, based on a given birthdate. The simplest way to do this is with the EDATE function. The EDATE function will return a date n months in the future or past when given a date and the number of months to traverse.

In this case, we want a date 60 years from the birthdate in column C, so the formula in D5 is:. The date comes from column C. For months , we need the equivalent of 60 years in months. Since most people don't know how many months are in 60 years, a nice way to do this is to embed the calculation in the formula like this:. Inside the EDATE function, Excel will perform the math and return directly to EDATE as the months argument.

Embedding calculations this way can help make the assumptions and purpose of a formula easier to understand. To use a retirement age of 65, just adjust the calculation:. In cell D5, returns the date March 10, As the formula is copied down column D, a different date is returned for each person in the list based on their birthdate.

Note: EDATE returns a date as a serial number , so apply a date number format to display as a date. To calculate a retirement date that lands on the end of the month, you can use the EOMONTH function instead of the EDATE function like this:.

EOMONTH works like EDATE, but always returns the end of the month. If there is a rule that people with birthdays that fall on the first of the month retire on the last day of the previous month, the formula can be adjusted like this:. The DAY function returns the day of the birthdate. If the day is 1, the expression returns TRUE. Otherwise, the expression returns FALSE. The math operation of subtraction coerces TRUE to 1 and FALSE to zero. The result is that EOMONTH moves forward months if a birthday falls on the first of the month, and months if not.

This moves first-of-month birthdays to the last day of the previous month. To return the retirement year only, we can nest EDATE inside the YEAR function like this:. This formula returns the difference between today's date and the calculated retirement date in column D. As the retirement date approaches, the years remaining will automatically decrease. To guard against a retirement date that is already passed, the formula in column F uses the SIGN function to change years remaining to a negative number like this:.

The SIGN function simply returns the sign of a number as 1, -1, or 0. To use it, we subtract today's date from the retirement date. If the result is positive, the retirement date is in the future and SIGN returns 1, which does not affect the result from YEARFRAC. If the result is negative, the retirement date is in the past and SIGN returns -1, flipping the YEARFRAC calculation to a negative number. You can see the result in row 8, where the retirement date has already passed.

The Excel EDATE function returns a date on the same day of the month, n months in the past or future. You can use EDATE to calculate expiration dates, maturity dates, and other due dates. Use a positive value for months to get a date in the The Excel YEARFRAC function returns a decimal value that represents fractional years between two dates.

You can use YEARFRAC to do things like calculate age with a birthdate. If number is positive, SIGN returns 1. If number is negative, sign returns If number is zero, SIGN returns 0. Formulas are the key to getting things done in Excel. You'll also learn how to troubleshoot, trace errors, and fix problems. Instant access. See details here. Get over Excel Functions you should know in one handy PDF. Skip to main content.

Calculate retirement date. Generic formula. Related formulas. Get age from birthday. A compatibility function that comes originally from Lotus , Excel will not help supply arguments when the function is entered. However, DATEDIF works in all modern versions of Calculate years between dates. The YEARFRAC function returns a decimal number representing the fractional years between two dates.

Get same date next year. EDATE can get the "same date" in the future or past, based on the number of months supplied. When 12 is given for months, EDATE gets the same date next year. Next business day 6 months in future. Working from the inside out, EDATE first calculates a date 6 months in the future. In the example shown, that date is December 24, Next, the formula subtracts 1 day to get December 23, , and the result goes into the WORKDAY function as the Next anniversary date.

Working from the inside out, we use the DATEDIF function to calculate how many complete years are between the the original anniversary date and the "as of" date, where the as of date is any date after the anniversary date: DATEDIF B5 , C5 , " Related functions. Excel EDATE Function. Excel YEARFRAC Function. Excel SIGN Function.

Related videos. How to calculate and highlight expiration dates. In this lesson we look at how to generate an expiration date in the future, how to calculate "days remaining," and how to highlight dates that are "expired" or "expiring soon" with conditional formatting. Excel Formula Training Formulas are the key to getting things done in Excel. Email HP. Excellent explanation, thank you very much indeed for a really excellent website and for you huge enthusiasm..

I now need to work these arrays into my complicated spreadsheets… -Jeremy. Excel video training Quick, clean, and to the point. Learn more.

· Retirement Date = SWITCH (TRUE (), YEAR (People[Birth-Date]) >= && YEAR (People[Birth-Date]) DATE ((YEAR ([Birth-Date]) + 65), MONTH ( Age Calculator. The Age Calculator can determine the age or interval between two dates. The calculated age will be displayed in years, months, weeks, days, hours, minutes, and seconds. Based on your birthday, this online calculator calculates your full retirement date, the first month you will be eligible for full Social Security retirement benefits, and the month you can apply for · Enter your birthday: March 25, Choose your retirement age: Click "Retirement age" to output the result. Your retirement date is: March 25, How many Find out your full retirement age, which is when you become eligible for unreduced Social Security retirement benefits. The year and month you reach full retirement age depends on ... read more

Your income will increase by this amount. However, there are two ways to calculate the age from Feb. The within 5 years needs to also have the within 3 years data rolled into it as a cumulative sum. A reduction also applies if you choose to claim your spousal benefits early. When 12 is given for months, EDATE gets the same date next year. Turn on suggestions.

Further, you might want to reevaluate the lifestyle you want to have in retirement. And then click Ok button, and you will get the resultthen drag the fill handle down to the cells to calculate the retirement dates as below screenshot shown:. Sort comments by. how will be the formula of this in excel,please help. Both calculation results are reasonable.