MultiverseOSPFree tool
Freelance hourly rate calculator
Work backwards from the yearly take-home you want to the minimum hourly rate that gets you there. Runs in your browser; nothing is stored or sent.
Minimum hourly rate
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- Revenue needed per year
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- Billable hours per year
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- Minimum day rate (6 billable hrs)
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Informational tool only. Not financial, tax, or legal advice. Not tax advice. Estimates only; verify with a qualified tax professional.
Want the full version with your own data? Invoices, income, expenses, a quarterly set-aside estimate and your real minimum hourly rate.
See the Freelancer Finance Kit, $19How it works
Revenue needed = take-home goal / (1 - set-aside %) + business costs. Minimum rate = revenue needed / (billable hours per week x weeks). Billable hours are usually far fewer than hours worked.
FAQ
Is the set-aside my actual tax?
No. It is a savings percentage you choose. Ask a tax professional what applies to you.
Informational tool only. Not financial, tax, or legal advice.