📖 Overview
Use this calculator to project your monthly earnings and annual revenue from a freelance hourly rate.
⚙️ How It Works
Converts an hourly rate to monthly and annual income estimates based on a standard 52-week year.
The Formula
Annual = Rate × Hours/Week × 52 | Monthly = Annual ÷ 12
💡Freelancers should target at least 30% higher than equivalent employee rate to cover self-employment taxes, benefits, unpaid time, and business costs.
Quick Reference
| Hourly Rate | 20 hrs/wk | 30 hrs/wk | 40 hrs/wk |
|---|---|---|---|
| $20/hr | $20,800/yr | $31,200/yr | $41,600/yr |
| $50/hr | $52,000/yr | $78,000/yr | $104,000/yr |
| $75/hr | $78,000/yr | $117,000/yr | $156,000/yr |
| $100/hr | $104,000/yr | $156,000/yr | $208,000/yr |
Practical Tips
💡 Build in a non-billable hours buffer (admin, sales, gaps between contracts).
💡 Track your effective hourly rate: total income ÷ total hours worked (including unbillable).
Frequently Asked Questions
❓ Does this include taxes?
No — this is gross income. Deduct self-employment tax (15.3% in the US) plus income tax for net.
❓ How many billable hours are realistic per year?
Typically 1,200–1,600 hours for a full-time freelancer after accounting for gaps and admin.