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If you have a set dollar goal to reach and a set dollar amount that you can contribute, then I think I can help.

There's a function in Excel called NPER. It stands for number of periods. It will give you the total number of periods, which is essential for time value of money. Click on Insert at the top of the screen and a drop down appears. Then click on Function and choose all, and scroll for NPER, it should explain everything to you. Once you have the number of periods via the formula, you must manually multiply that by the dollar amount of the payments which you'll be making.

Tell me the answer you get so we can do a reasonable-ness test.

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Q: How do you solve a pension fund problem using time value of money and the Excel spreadsheet and Excel formulas?
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