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Interactive Freelance Rate Calculator

Finance

Calculate your true required hourly rate based on target income.

ttb run freelance-rate-calculator

Income & Expenses

$
$

Software, gear, internet, marketing, etc.

Working Hours

60%

You aren't paid for emails, marketing, or invoicing. 50-60% is standard.

Required Hourly Rate

$95

per hour

Gross Target$109,000

Inc. 30% taxes

Billable Hrs1,152

Per year

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How to Use Freelance Rate Calculator

Enter your desired annual take-home target income, your software or business expenses, how many weeks you want to take off, and your standard hours per week. Finally, estimate your "billable percentage" (hours you actually charge clients for vs administrative work). The calculator computes your exact required hourly rate to meet your target.

1

Enter your parameters

Configure the inputs for the Freelance Rate Calculator according to your specific needs.

2

View real-time results

The utility instantly processes your request and displays the calculated outputs directly in your browser.

3

Copy or Download

Click the copy icon next to the final output to instantly grab the result, or export it if applicable.

Frequently Asked Questions

Why is my required rate so high?+
New freelancers often forget to account for self-employment taxes (often ~30%) and unbillable hours. You are not paid for submitting invoices, marketing, or emailing. Your hourly rate must subsidize the time you spend running the business.
What is a standard billable percentage?+
For most solo consultants or freelancers, aiming for 50% to 65% billable time is highly realistic. If you expect to be billable 100% of the time, your rate will be much lower, but you are very likely to burn out.
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