Price My TimeKnow what your work should pay.

Know what your work should pay.

Free calculators to help employees, freelancers, consultants and contractors understand what they should charge, compare different ways of working and price their work with confidence.

  • Free to use
  • No sign up required
  • Created for professionals

What do you want to calculate?

Turn your employee salary into a realistic contractor rate.

1. Your details

Your current salary or the salary you want your contracting income to replace.
Total hours you expect to work each week, billable or not.
How many weeks you realistically expect to work each year after holidays, sick leave and other time off.
Contractors often spend time on admin, proposals, meetings, learning, sales and other work that cannot be invoiced to a client.
Estimate the annual value of benefits you lose by leaving employment, such as pension or retirement contributions, health insurance, bonuses and other employer-paid benefits.
Software, equipment, insurance, accounting, professional services and other costs you expect to pay as a contractor.
An additional buffer for contract gaps, late payments, unexpected costs and the increased risk of contracting.
Used to convert your recommended hourly rate into a day rate.

We don't store your data. Calculations happen in your browser.

2. Your results

Your recommended contractor rate

$96/hour

$767/day

Based on 8 billable hours per day

Break-even rate

$83 /hour

$667 /day

Recommended rate

$96 /hour

$767 /day

Strong target range

$96 – $110 /hour

$767 – $882 /day

Suggested target, not a required minimum

Annual invoicing target

$132,250

What this means

At $83/hour you'll cover your salary, benefits and business expenses with no buffer for gaps between contracts or additional risk. At $96/hour you have a 15% buffer built in for downtime, non-billable work and the increased responsibility that comes with contracting.

Summary of your calculation

Annual compensation target (salary + benefits + expenses)
$115,000
Annual billable hours (40 hrs × 46 weeks × 75%)
1,380 hrs
Break-even hourly rate
$83.33
Contractor buffer (15%)
$12.50
Recommended hourly rate
$95.83

Your assumptions

Edit inputs
  • Salary$100,000
  • Benefits$10,000
  • Expenses$5,000
  • Billable %75%
  • Hours/week40
  • Weeks/year46
  • Buffer15%
  • Billable hrs/day8

Try another calculator

Why salary ÷ 2,080 doesn't work

Dividing your salary by 2,080 hours assumes every working hour can be billed and ignores the realities of contracting.

Unpaid time

Holidays, sick days and time between contracts.

Non-billable work

Admin, proposals, learning, sales and meetings.

Business costs

Software, equipment, insurance and professional expenses.

Additional risk

You carry more financial uncertainty than an employee.

Built for real-world professionals

Simple, transparent calculations

Free to use — no signup required