Hourly Rate to Annual Income Calculator
Convert your hourly billing rate to projected annual earnings. This calculator accounts for realistic factors like billable hours, utilization rate, and time off to give you an accurate picture of your potential annual income as a freelancer.
Understanding Freelancer Income Projections
As a freelancer, your actual income depends on several factors beyond just your hourly rate:
Utilization Rate Explained
Utilization rate is the percentage of your working hours that are billable. Freelancers typically have 60-80% utilization because you spend time on:
- Finding clients and marketing
- Administrative tasks and invoicing
- Learning and skill development
- Meetings and communication
Billable Hours = Hours/Day × Days/Week × Weeks/Year × (Utilization/100)
Annual Income = Hourly Rate × Billable Hours
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