How to calculate retirement date from date of birth in Excel?
Supposing, an employee will be retired at age of 60, how could you calculate the retirement date from the date of birth in Excel?
For example, I have a list of persons’ birth date, if their retirement age is 60, the following formula can help you to calculate their retirement date, please do as this:
1. Enter the below formula into a blank cell adjacent to your data range, C2, for instance, then drag the fill handle down to the cells that you want to apply this formula, and five-digit numbers are displayed as following screenshot shown:
2. And then, you should convert these numbers to date format, select the numbers, and choose Short Date from the General drop down list under Home tab, and all numbers have been converted to normal date format, see screenshot:
1. This formula can calculate a person’s retirement date which on the last day of the month he completes 60 years, it means, if born on 5/10/1976 will retire on 5/31/2036.
2. In the above formula, E2 is the birth date cell you are used, and 60 is the retirement age the person will be retired, you can change them to your need.
Sometimes, you may want to calculate the retirement date which on the exact day of birth date after 60 years from the birth date, for example, if the person is born 5/18/1980, the exact retirement date will be 5/18/2040. For dealing with this task, the EDATE function can do you a favor.
1. Please apply the below simple formula into a blank cell where you want to put the result, and then drag the fill handle down to fill this formula to other cells, see screenshot:
2. Then, you should format the results as date format, select the numbers, and choose Short Date from the General drop down list under Home tab, and all numbers have been converted to normal date format, see screenshot:
3. If you want to calculate the remaining years before the retirement date, please apply the below formula, and then drag the fill handle down to fill this formula to other cells, see screenshot:
Tips: If you want to just keep the integer part of the remaining year, please use this formula: =INT(YEARFRAC(TODAY(),C2)).
If you have Kutools for Excel, with it Add years to date feature, you can also calculate the retirement date which on the exact day of birth date after 60 years from the birth date with ease.
After installing Kutools for Excel, please do as this:
1. Click a cell where you want to locate the result. And then click Kutools > Formula Helper > Formula Helper, see screenshot:
2. In the Formula Helper dialog box, please do the following operations:
- Select Date option from the Formula Type drop down list;
- Then choose Add years to date from the Choose a formula list box;
- In the right Arguments input section, select a list of cells that you want to calculate the retirement date based on from the Date time text box, and then type the retirement age into the Number box.
3. And then click Ok button, and you will get the result , then drag the fill handle down to the cells to calculate the retirement dates as below screenshot shown:
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