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Freelance Rate & Target Income Calculator
Calculate what hourly rate you need to charge to hit your desired annual take-home pay after taxes and overhead.
Income & Hours Goals
Billable Hours / Week (Avg is 20-30h):25 hrs/week
Recommended Minimum Hourly Rate
$103.33/ hour
1,200 annual billable hoursDay Rate (8 hrs):$827
Weekly Retainer:$2583
Hourly Rate = (Target Net + Taxes + Expenses) / (Billable Weeks × Billable Hours/Week)How to Use This Calculator
- 1Enter your target annual net take-home salary.
- 2Add your estimated annual business overhead, health insurance, and tax percentage.
- 3Specify your billable hours per week and annual vacation weeks to get your exact minimum hourly rate.
Key Features & Capabilities
- Accounts for non-billable administrative time (only 60-70% of freelancer time is billable).
- Integrates self-employment taxes, health insurance, and PTO days.
- Provides day rate, weekly retainer, and project pricing equivalents.
Frequently Asked Questions
How many billable hours does a freelancer work per year?
Most full-time freelancers bill between 1,000 and 1,500 hours per year (20-30 billable hours per week), as 25-40% of time is spent on non-billable client acquisition, admin, and learning.
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