Rate converter
Every rate conversation eventually needs the same four conversions. The trick is doing them on your billable reality, six billable hours is a full day, and nobody bills 52 weeks.
Results
Day rate$540
- Week rate
- $2,700
- Monthly (annual ÷ 12)
- $10,350
- Annual revenue
- $124,200
- Billable hours per year
- 1,380
Estimate
workingfigures.com/calculators/freelance-rate-converter
The formula
Day = hourly × billable hours/day. Week = day × days/week. Annual = week × weeks worked. Monthly = annual ÷ 12. Gross revenue, before expenses and taxes.
What this ignores
Expenses and taxes (these are revenue figures, the take-home calculator handles the rest), and day-rate premiums: many freelancers price day rates above hourly × hours to reward committed blocks.
FAQ
- Should my day rate just be hourly × 8?
- No, twice over. First, 6 billable hours is a realistic full day. Second, a committed full day deserves a premium over scattered hours, many freelancers price a day at 7–8× hourly even when delivering 6 focused hours.
- Why does my annual number look low?
- Because the 2,080-hour year is fiction. At 6 billable hours, 5 days, 46 weeks you sell 1,380 hours, a third less than the fantasy. This gap is exactly why freelance rates must exceed salary math.
- What monthly figure do I tell a landlord or lender?
- Use annual ÷ 12 from this tool, then expect to document it with tax returns. Lenders average self-employed income over 1–2 years of filings, not your best month.