What is this calculator?
Estimate an hourly rate from income target, expenses and billable time.
What can you use it for?
Use this tool to compare a financial scenario using the assumptions you control. Estimate an hourly rate from income target, expenses and billable time.
How to use it
- Enter annual income target.
- Enter annual business expenses.
- Enter billable hours per week.
- Enter billable weeks per year.
- Select Calculate (or Generate for random tools).
- Read the answer and any additional results below the form. Check the units and the limits of the method.
Formula and method
The formula uses the units and definitions shown above. Each input is substituted before the arithmetic is evaluated; the calculated output is rounded for display.
Worked example
Annual income target: 2000000, Annual business expenses: 300000, Billable hours per week: 25, Billable weeks per year: 46. The result is 2,000 (result).
Assumptions and limits
Before income tax. Enter realistic billable hours rather than total working hours.
Frequently asked questions
What inputs does the Freelance Rate Calculator need?
Use annual income target, annual business expenses, billable hours per week, billable weeks per year. Read the answer and any additional results below the form. Check the units and the limits of the method.
What assumptions apply to the Freelance Rate Calculator?
Before income tax. Enter realistic billable hours rather than total working hours.