Yes, but it's 2016. I don't know how to save a file to 2014 format.
But here is a batch of pdf files showing how I built a sweep that I think does what you want...
Start from sketch 2 - a 2d outline of the cutter (I'm going to model a .125 deep cut with a .25 diameter end mill)
sketch 3 is an arbitrary arc, concentric with the bar and on its end face
I make a plane perpendicular to the end of the arc, through the axis of the bar (which I created about the global z-axis), and create sketch 4, which is just a line perpendicular to the end of the arc.
Sketch 4 was necessary to create workplane 2, which is tangent to my sketch 3 arc.
Sketch 5 is created on workplane 2, and is a simple arc with one end coincident and tangent to the sketch 3 arc and its work plane.
The sweep is then created from the sketch #2 as the profile, and using sketch 3 and sketch 5 as the path. Note if sketch 2 had overlap beyond the edge of the part, the turn radius along the edge would be less than zero, and the sweep would fail. I.e. I can't make a complete groove deeper than the radius of the cutter with this method, but would have to do it in two sweeps or other methods.
Ok, I didn't bother to make a 3d sketch, because I don't like how inventor's 3d sketch interface works, but you get the idea.