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Freelance hourly and day rate calculator

Your hourly rate = (income target + yearly business costs) ÷ billable hours. With a 60,000 target, 9,000 costs and 1,104 billable hours (46 weeks × 40 hours × 60% billable), the rate is 69,000 ÷ 1,104 = 62.50 an hour, or 500 for an 8-hour day.

Advanced adds the details: more fields, your own assumptions and a fuller breakdown.

Hourly rate

$62.50

Billable hours a year
1,104
Hourly rate
$62.50
Day rate
$500.00
Invoice at this rate
The numbers stay in this browser.

Why billable hours matter most

Nobody bills every hour. Admin, sales, invoicing and learning take time, so 50% to 70% billable is common. Dropping from 70% to 50% billable raises the rate you need by 40%.

What to put in

  • Income target: what you want to earn before income tax.
  • Business costs: software, equipment, insurance, accountant, workspace, training.
  • Working weeks: 52 minus holidays, public holidays and sick days.
  • Billable share: the part of your working hours a client pays for.

Send the rate as an estimate your client can accept online, then turn it into an invoice in one click. See online acceptance.

Questions

How do I calculate my freelance hourly rate?

Add your income target and yearly business costs, then divide by the hours you can bill in a year.

How many hours can a freelancer bill?

It varies, but many freelancers bill 50% to 70% of their working hours. The rest goes on admin, sales and learning.

How do I turn an hourly rate into a day rate?

Multiply by the hours in a billable day. 62.50 × 8 = 500.

Does the calculator save my numbers?

No. It runs in your browser and sends nothing to QuickBilling or anyone else.

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We re-check rates and rules every few months. Get a short note when something here changes, plus the occasional tip on getting paid.

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