Hourly rate calculator
Enter your hourly rate and how much you work, and we’ll turn it into a yearly, monthly, weekly and daily figure in real time.
These figures are gross pay before income tax, National Insurance or other deductions. Your actual take-home will be lower — check with your employer, an accountant or your local tax authority for your situation.
How to turn an hourly rate into a yearly salary
Converting an hourly wage into an annual figure is simple multiplication — the only real question is how many hours you work across the year.
The formula
Hourly rate × hours per week × weeks per year = yearly income
For example, $20 × 40 × 52 = $41,600 a year at full-time hours. A quick shortcut is to multiply your hourly rate by 2,080 — the number of hours in a standard full-time year.
A full-time year is around 2,080 hours (40 hours a week × 52 weeks), but take some unpaid holiday and the real number drops to roughly 2,000 or 1,920 hours. That is why it pays to enter a realistic number of weeks above rather than assuming all 52.
It is also worth remembering these are gross figures before tax. If you are an independent contractor rather than an employee, there is no paid holiday, sick pay or benefits included — so your rate needs to cover those gaps too.
Common hourly rates
See what a specific hourly rate works out to per year. Figures assume full-time hours (2,080 a year) — tap any rate for the full monthly, weekly and daily breakdown.
Hourly Rate Calculator FAQs
Everything about turning an hourly wage into a yearly, monthly, weekly or daily figure
How do I use this hourly rate calculator?
Enter your hourly rate, hours per week, weeks per year and days per week. The calculator instantly shows your income per year, month, week and day. Change the currency if you don’t earn in dollars.
How do you convert an hourly rate to a yearly salary?
Multiply your hourly rate by the hours you work each week, then by the weeks you work each year. For example, $20 × 40 × 52 = $41,600. A quick shortcut is to multiply the hourly rate by 2,080, the number of hours in a standard full-time year.
How many working hours are in a year?
A standard full-time year is about 2,080 hours (40 hours a week × 52 weeks). With two weeks of unpaid leave that’s around 2,000 hours, and with four weeks off about 1,920 hours.
Is an hourly rate the same as a salary?
Not exactly. An hourly figure is gross pay before tax, and if you’re a contractor rather than an employee it doesn’t include paid holiday, sick pay or benefits — so it’s worth less than the same amount paid as a salaried role.
Does the calculator show take-home pay?
No. It shows gross pay before income tax and other deductions. Your take-home will be lower, so check with your employer, an accountant or your local tax authority.
What’s a good hourly rate?
It depends on your field, experience and location. A useful method is to work backwards: decide the yearly income you need, then divide it by the hours you realistically expect to work to find the hourly rate that gets you there.
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