Free calculator
Monthly Freelance Rate Calculator
Free Monthly Freelance Rate Calculator with instant browser-based results and a clear calculation breakdown.
Monthly Freelance Rate Calculator
Enter your income goal and working habits to estimate the hourly rate needed to reach it. Amounts are in your own currency units.
After tax and expenses
Software, insurance, equipment, etc.
Paid from after-tax income
Income + self-employment tax
Only hours you can invoice
Used for day rate
Vacation, sick, holidays
Late payments, slow months
Suggested minimum hourly rate
Monthly revenue target
Day rate
Billable hours / month
Pre-tax profit needed / month
Formula: Pre-tax profit = (take-home + savings) ÷ (1 − tax rate). Revenue target = (pre-tax profit + expenses) × (1 + buffer). Billable hours/month = weekly hours × (52 − weeks off) ÷ 12. Hourly rate = revenue target ÷ billable hours/month. Day rate = hourly rate × weekly hours ÷ working days. This is an estimate based on your inputs, not a guarantee of income; actual taxes and demand vary.
Want to understand the calculation?
Read the guideSee examples, formula notes and limitations.