Money & Finance · Free tool
Freelance Rate Calculator
Work out a realistic freelance rate — target income, billable hours, taxes, benefits, business costs — in one pass.
Updated April 2026
Required annual billings
$115,277.78
Required hourly rate
$118.23
Day rate (8 hours)
$945.87
Project minimum (1 week)
$4,729.34
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What it does
Work out a freelance rate that covers your actual costs: target take-home, taxes, benefits, software, hardware, billable vs non-billable ratio, and vacation. The tool outputs minimum hourly, target hourly, and a day-rate equivalent so you can quote with confidence.
Pair with invoice generator, hourly rate calculator, and pricing calculator. See how to price freelance work.
How to use it
- Enter target yearly income.
- Set holiday weeks, sick days, and billable-hour percentage.
- Add business costs and taxes.
- Read minimum, target, and stretch hourly rates.