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Freelance Rate Calculator

Set the right hourly rate to hit your target take-home pay. Accounts for taxes, business expenses, vacation, holidays, sick days, and non-billable admin time.

Income goal

What you want in your pocket

Self-employment + income tax

Software, equipment, retirement, etc.

Time off
Working pattern

Time actually billed to clients

Emails, marketing, bookkeeping

Your rate
Minimum hourly rate
$212
= $1,270 per day
$212
Hourly rate
$1,270
Daily rate
$6,349
Weekly rate
$19,048
Monthly revenue

How this is calculated

  1. 1. Gross income needed: $120,000 ÷ (1 − 25% tax) = $160,000
  2. 2. Revenue needed: $160,000 ÷ (1 − 30% business) = $228,571
  3. 3. Working weeks: 52 − 4 vacation = 48 wks
  4. 4. Working days: 48 × 5 − 10 hol − 5 sick = 225 days
  5. 5. Billable days: 225 × (1 − 20% admin) = 180 days
  6. 6. Billable hours: 180 × 6 hrs = 1080 hrs
  7. 7. Hourly rate: $228,571 ÷ 1080 hrs = $212/hr
$228,571
Revenue / yr
$160,000
Gross income / yr
$120,000
Take-home / yr
1080
Billable hrs / yr
💡 This is your minimum rate to hit your target. Charge more for specialized skills, urgency, or smaller clients (overhead per client matters). Consider also your market rate — if clients won't pay this, you may need to revisit your income goal or time allocation.

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