Income and costs
€
Gross, before income tax. What you would pay yourself as a salary.
€
Software, hardware, insurance, accountant, coworking, training.
%
10 to 20%. More if you are just starting out.
Your time
hours
%
Hours you can invoice. 60 to 70% is realistic for solo freelancers.
days
days
days
Your minimum hourly rate
€70.84/ hour
Rounded rate
€75 / hour
Day rate (8 hours)
€600 / day
- Target income
- €60,000
- Business costs
- €12,000
- Buffer (10%)
- €7,200
- Revenue needed per year
- €79,200
- Per month
- €6,600
- Working weeks
- 43
- Billable hours per year
- 1,118 h
- Billable hours per week
- 26 h
All amounts are net. VAT or sales tax comes on top.
Dividing the income by 2,080 hours, like a salary, gives €28.85 per hour. That is 59% less than you need, because a freelancer bills far fewer hours than an employee is paid for.
Is your billable share really 65%?Track time per client in Winnie and see your real number.
Freelance Hourly Rate Calculator by Winnie