[BAD]

I need a formula to give me the date of when someone's age and years of
service equals to 75. I have the birth date and the date of hire but have no
idea where to begin. Any suggestions?

[ShaneDevenshire]

Hi,

Try this

=DATEDIF(A1,TODAY(),"y")+DATEDIF(A2,TODAY(),"Y")

in A1 enter the birthdate, in A2 the date of hire.


If this helps click the Yes button.
--
Thanks,
Shane Devenshire


"BAD" wrote:

I need a formula to give me the date of when someone's age and years of
service equals to 75. I have the birth date and the date of hire but have no
idea where to begin. Any suggestions?

[BAD]

This gives me a date of march/1900. It should be a future date.

"ShaneDevenshire" wrote:

Hi,

Try this

=DATEDIF(A1,TODAY(),"y")+DATEDIF(A2,TODAY(),"Y")

in A1 enter the birthdate, in A2 the date of hire.


If this helps click the Yes button.
--
Thanks,
Shane Devenshire


"BAD" wrote:

I need a formula to give me the date of when someone's age and years of
service equals to 75. I have the birth date and the date of hire but have no
idea where to begin. Any suggestions?

[~L]

I think with the person's name in column A, birthdate in column B, and hire
date in column C and row 1 containing headers, in column D row 2:

=(2*Today()-B2-C2)/365.25

gives you what you are looking for.

"BAD" wrote:

I need a formula to give me the date of when someone's age and years of
service equals to 75. I have the birth date and the date of hire but have no
idea where to begin. Any suggestions?

[BAD]

same deal here...This gives me a date of march/1900. It should be a future
date.

"~L" wrote:

I think with the person's name in column A, birthdate in column B, and hire
date in column C and row 1 containing headers, in column D row 2:

=(2*Today()-B2-C2)/365.25

gives you what you are looking for.

"BAD" wrote:

I need a formula to give me the date of when someone's age and years of
service equals to 75. I have the birth date and the date of hire but have no
idea where to begin. Any suggestions?

[~L]

Err... I guess it would help if I did the algebra on that.

=TEXT((27393.75+B2+C2)/2,"mm/dd/yyyy")

"~L" wrote:

I think with the person's name in column A, birthdate in column B, and hire
date in column C and row 1 containing headers, in column D row 2:

=(2*Today()-B2-C2)/365.25

gives you what you are looking for.

"BAD" wrote:

I need a formula to give me the date of when someone's age and years of
service equals to 75. I have the birth date and the date of hire but have no
idea where to begin. Any suggestions?

[BAD]

Thanks but I am still about a year off using your formula.

"~L" wrote:

Err... I guess it would help if I did the algebra on that.

=TEXT((27393.75+B2+C2)/2,"mm/dd/yyyy")

"~L" wrote:

I think with the person's name in column A, birthdate in column B, and hire
date in column C and row 1 containing headers, in column D row 2:

=(2*Today()-B2-C2)/365.25

gives you what you are looking for.

"BAD" wrote:

I need a formula to give me the date of when someone's age and years of
service equals to 75. I have the birth date and the date of hire but have no
idea where to begin. Any suggestions?

[~L]

That's interesting. What combination of values did not produce the expected
result?

"BAD" wrote:

Thanks but I am still about a year off using your formula.

"~L" wrote:

Err... I guess it would help if I did the algebra on that.

=TEXT((27393.75+B2+C2)/2,"mm/dd/yyyy")

"~L" wrote:

I think with the person's name in column A, birthdate in column B, and hire
date in column C and row 1 containing headers, in column D row 2:

=(2*Today()-B2-C2)/365.25

gives you what you are looking for.

"BAD" wrote:

I need a formula to give me the date of when someone's age and years of
service equals to 75. I have the birth date and the date of hire but have no
idea where to begin. Any suggestions?

[BAD]

I'm sorry it says its about 4 months off.

My bday is 10/01/80. My hire date is 06/05/06. With the rule of 75 I
should be eligible to retire on June 4, 2031 (On that date, I will complete
25 yrs of service and will be 50 yrs old). Your formula is giving me the
date 02/01/2031. Unless I am doing something wrong???? Thanks again for
your help

"~L" wrote:

That's interesting. What combination of values did not produce the expected
result?

"BAD" wrote:

Thanks but I am still about a year off using your formula.

"~L" wrote:

Err... I guess it would help if I did the algebra on that.

=TEXT((27393.75+B2+C2)/2,"mm/dd/yyyy")

"~L" wrote:

I think with the person's name in column A, birthdate in column B, and hire
date in column C and row 1 containing headers, in column D row 2:

=(2*Today()-B2-C2)/365.25

gives you what you are looking for.

"BAD" wrote:

I need a formula to give me the date of when someone's age and years of
service equals to 75. I have the birth date and the date of hire but have no
idea where to begin. Any suggestions?

[Mike H]

Hi,

There must be a formula bit I can't see it. Until someone comes up with one
it can be resolved with Goal seek

DOB in A1
DES in A2
Any date you want in A3
This formula in B1 =DATEDIF($A$1,A3,"y")
This formula in B2 =DATEDIF($A$2,A3,"y")
This formula in B3 =Sum(B1:B2)

Select B3 then
Tools|Goal seek
In the 'To value box' enter 75
In the 'By changing' box enter A3

OK and you get your retirement date in B3

Mike




"BAD" wrote:

I need a formula to give me the date of when someone's age and years of
service equals to 75. I have the birth date and the date of hire but have no
idea where to begin. Any suggestions?

[BAD]

In A3, you say "put any date you want". What date am I supposed to use here?

"Mike H" wrote:

Hi,

There must be a formula bit I can't see it. Until someone comes up with one
it can be resolved with Goal seek

DOB in A1
DES in A2
Any date you want in A3
This formula in B1 =DATEDIF($A$1,A3,"y")
This formula in B2 =DATEDIF($A$2,A3,"y")
This formula in B3 =Sum(B1:B2)

Select B3 then
Tools|Goal seek
In the 'To value box' enter 75
In the 'By changing' box enter A3

OK and you get your retirement date in B3

Mike




"BAD" wrote:

I need a formula to give me the date of when someone's age and years of
service equals to 75. I have the birth date and the date of hire but have no
idea where to begin. Any suggestions?

[Mike H]

Hi,

Maybe you should do as i suggested and put 'Any date' you desire.

Excel will change that date when you run goal seek, It just requires the
cell to have a date in to get it started

Mike

"BAD" wrote:

In A3, you say "put any date you want". What date am I supposed to use here?

"Mike H" wrote:

Hi,

There must be a formula bit I can't see it. Until someone comes up with one
it can be resolved with Goal seek

DOB in A1
DES in A2
Any date you want in A3
This formula in B1 =DATEDIF($A$1,A3,"y")
This formula in B2 =DATEDIF($A$2,A3,"y")
This formula in B3 =Sum(B1:B2)

Select B3 then
Tools|Goal seek
In the 'To value box' enter 75
In the 'By changing' box enter A3

OK and you get your retirement date in B3

Mike




"BAD" wrote:

I need a formula to give me the date of when someone's age and years of
service equals to 75. I have the birth date and the date of hire but have no
idea where to begin. Any suggestions?

[BAD]

Thanks, I see how it works. It doesn't give me the correct date. It's a
little off by a couple months. Thanks though.

"Mike H" wrote:

Hi,

Maybe you should do as i suggested and put 'Any date' you desire.

Excel will change that date when you run goal seek, It just requires the
cell to have a date in to get it started

Mike

"BAD" wrote:

In A3, you say "put any date you want". What date am I supposed to use here?

"Mike H" wrote:

Hi,

There must be a formula bit I can't see it. Until someone comes up with one
it can be resolved with Goal seek

DOB in A1
DES in A2
Any date you want in A3
This formula in B1 =DATEDIF($A$1,A3,"y")
This formula in B2 =DATEDIF($A$2,A3,"y")
This formula in B3 =Sum(B1:B2)

Select B3 then
Tools|Goal seek
In the 'To value box' enter 75
In the 'By changing' box enter A3

OK and you get your retirement date in B3

Mike




"BAD" wrote:

I need a formula to give me the date of when someone's age and years of
service equals to 75. I have the birth date and the date of hire but have no
idea where to begin. Any suggestions?

[Glenn]

BAD wrote:
I need a formula to give me the date of when someone's age and years of
service equals to 75. I have the birth date and the date of hire but have no
idea where to begin. Any suggestions?

Birth date in A1, hire date in A2

=(27394-(A2-A1))/2+A2

[Glenn]

Glenn wrote:
BAD wrote:
I need a formula to give me the date of when someone's age and years
of service equals to 75. I have the birth date and the date of hire
but have no idea where to begin. Any suggestions?

Birth date in A1, hire date in A2

=(27394-(A2-A1))/2+A2


Don't forget to format the result as a date.

[Sean Timmons]

Here is your answer.

Assume DOB is in B1 and Date of Hire is in C1

(((75*365.25)-(C1-B1))/2)+C1

Taking your years needed and multiplying by 365.25 to get number of days.
You can just use 27393.75, but wanted to show my work...

Take the date of hire and subtract the date of birth from it. This will give
number of days from birth to hire. Take that amount out of your 75 year
calculation. This now normalizes your calculation.

Divide by 2 since we are double counting every day, one for your aging, one
for your working. This will give your number of days from hire to reach your
75 year goal.

Now, just add all these days to your date of hire to show date of goal.

Maybe confusing, but it works.

"BAD" wrote:

I need a formula to give me the date of when someone's age and years of
service equals to 75. I have the birth date and the date of hire but have no
idea where to begin. Any suggestions?

[Glenn]

Sean Timmons wrote:
Here is your answer.

Assume DOB is in B1 and Date of Hire is in C1

(((75*365.25)-(C1-B1))/2)+C1

Taking your years needed and multiplying by 365.25 to get number of days.
You can just use 27393.75, but wanted to show my work...

Take the date of hire and subtract the date of birth from it. This will give
number of days from birth to hire. Take that amount out of your 75 year
calculation. This now normalizes your calculation.

Divide by 2 since we are double counting every day, one for your aging, one
for your working. This will give your number of days from hire to reach your
75 year goal.

Now, just add all these days to your date of hire to show date of goal.

Maybe confusing, but it works.


This is virtually the same as what I posted almost three and a half hours
ago...the OP responded to everyone with the "wrong" answer and not to the
"right" answer (assuming you and I are "right").

[ExcelBanter AI]

The Rule of 75 Retirement Calculation is a common method used to determine when someone is eligible for retirement benefits. To calculate the retirement date, follow these steps:

1. Enter the birth date of the person in one cell, let's say A1. Make sure the date is formatted as a date and not as text.
2. In another cell, let's say B1, enter the date of hire of the person. Again, make sure the date is formatted as a date.
3. To calculate the years of service, subtract the date of hire from today's date. You can use the following formula in another cell, let's say C1:
   
   Formula:

   =DATEDIF(B1,TODAY(),"y") 

4. Now, use the following formula to calculate the retirement date. Replace "Birthdate" with the cell reference of the birth date (A1 in our example) and "Years of Service" with the cell reference of the years of service (C1 in our example):
   
   Formula:

   =DATE(YEAR(A1)+75-C1,MONTH(A1),DAY(A1))