Hourly Rate Calculator
Find the hourly and daily rate you need to reach an income target, based on the days and hours you actually work and how much of that time you can bill.
Income target
Time available
How much of the year you actually work and bill.
Results
- Target yearly income
- € 0.00
- Working weeks per year52 − 5 off
- 47
- Working hours per year
- 1,880 h
- Billable hours per year100% billable
- 1,880 h
- Daily rate
- € 0.00
- Monthly equivalent
- € 0.00
How it was calculated
- 1(52 − 5) weeks × 5 days × 8 h=1,880 hours per year
- 21,880 h × 100%=1,880billable hours
- 3€ 0.00 ÷ 1,880 h=€ 0.00per hour
- 4€ 0.00 × 8 h=€ 0.00per day
Calculation
Hourly rate
Inputs
| Target yearly income | € 0.00 |
| Working days per week | 5 |
| Hours per day | 8 |
| Weeks off per year | 5 |
| Billable share | 100% |
Results
| Target yearly income | € 0.00 |
| Working weeks per year52 − 5 off | 47 |
| Working hours per year | 1,880 h |
| Billable hours per year100% billable | 1,880 h |
| Daily rate | € 0.00 |
| Monthly equivalent | € 0.00 |
How it was calculated
- 1(52 − 5) weeks × 5 days × 8 h=1,880 hours per year
- 21,880 h × 100%=1,880billable hours
- 3€ 0.00 ÷ 1,880 h=€ 0.00per hour
- 4€ 0.00 × 8 h=€ 0.00per day
This calculator is provided for informational purposes only. Salary, tax, employment and accounting rules may vary by country, company and individual circumstances.
How this calculator works
The calculator first works out how many hours you have in a year: working weeks (52 minus weeks off) multiplied by days per week and hours per day. It then applies your billable share, because admin, sales and learning cannot be invoiced. Dividing the yearly income target by the billable hours gives the hourly rate, and multiplying by hours per day gives the daily rate.
For a fuller picture that includes business expenses, taxes and a safety buffer, use the Freelance Rate Calculator.
Frequently asked questions
What billable share should I use?+
Most freelancers and small agencies bill 50 to 70 percent of their working time. Employees paid by the hour can use 100 percent.
Why do weeks off matter?+
Holidays, sick days and training are still weeks you need income for. Leaving them out makes the rate too low.
Does this include taxes or expenses?+
No. It converts an income target into a rate. Use the Freelance Rate Calculator to add expenses, tax and a buffer.
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