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Freelance Rate Planner

Determine your required hourly freelance rate using target annual incomes.

Adjust Parameters

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$
Min: 10000Max: 500000
Min: 5Max: 60
$
Min: 0Max: 100000

Transitioning from traditional employment to freelancing requires a structured business strategy. Many new freelancers make the mistake of dividing their old salary by 2,080 working hours to set their freelance rate. This fails to account for self-employment taxes, business overhead, and unbillable administrative hours, which can quickly leave you with a deficit. This tool calculates your required hourly rate clearly so you can charge clients confidently and run a profitable business.

Calculator FAQs

The hours you spend working on client projects that you can bill directly, as opposed to administrative hours spent running your business.

Freelancers must cover their own health insurance, retirement contributions, business overhead, and self-employment taxes out of their pocket.

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