Calculate the perfect freelance rate to hit your income goals.
How your required gross revenue of $88,000.00 breaks down
Setting the right freelance hourly rate is one of the most important decisions you will make as a self-employed professional. Charge too little and you will struggle to cover your expenses and taxes. Charge too much and you may lose clients. This calculator takes the guesswork out of pricing by working backward from your desired take-home income. Enter what you want to earn, your expected expenses, your tax rate, and how many hours you can realistically bill, and the tool instantly computes the minimum hourly rate you need to charge.
Not every hour you work is billable. Administrative tasks, marketing, invoicing, networking, and professional development all eat into your week. Most freelancers find that only 60 to 80 percent of their working hours are actually billable. The billable percentage slider lets you model this accurately so your rate reflects reality, not wishful thinking. Vacation weeks are also subtracted from the year to give you a true picture of available working time.
Your hourly rate is a starting point. Many freelancers convert it into project-based pricing, day rates, or monthly retainers. The daily and monthly rate outputs make this easy. Remember to revisit your rate annually as expenses, tax brackets, and your skill level change. Use the revenue breakdown chart to see exactly where your money goes and identify opportunities to keep more of what you earn.
Need to create professional invoices? Try our invoice generator. Want to understand your salary breakdown? Use the salary calculator.