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🗓️ Annual Pay Calculator

Estimate yearly income from an hourly rate, work schedule, and vacation assumptions.

Include any planned overtime hours.

Use 48–50 weeks if you take unpaid time off.

How to Use This Calculator

1

Enter Hourly Rate

Specify your base hourly wage before taxes and benefits.

2

Estimate Working Hours

Adjust weekly hours and weeks per year to account for overtime, PTO, or freelance schedules.

3

Review Annual Pay

The calculator shows yearly income with monthly, weekly, and daily breakdowns for easy budgeting.

4

Adjust Assumptions

Experiment with different hours or vacation time to compare scenarios like full-time, part-time, or contract work.

Formula

Annual Pay = Hourly Rate × Hours per Week × Weeks per Year

Monthly Pay = Annual Pay á 12

Weekly Pay = Annual Pay á Weeks per Year

Daily Pay ≈ Weekly Pay ÷ 5 (for a five-day workweek)

Update the formula to reflect overtime multipliers, shift differentials, or unpaid breaks if those apply to your compensation plan.

Full Description

Understanding your annual pay is essential for budgeting, tax planning, and negotiating compensation. Hourly workers often need to extrapolate their wages into yearly figures to compare job offers with salaried roles or calculate debt-to-income ratios.

This calculator helps hourly employees, freelancers, and contractors quantify earnings across different schedules. Adjust the “weeks per year” value to account for unpaid vacation or seasonal downtime, and update weekly hours to model overtime or multiple jobs.

Typical Use Cases

  • Comparing hourly wages to annual salaries in job offers.
  • Planning savings goals, retirement contributions, or loan applications.
  • Evaluating the impact of part-time or flexible schedules on income.
  • Preparing for open enrollment by aligning salary with benefit contributions.

Frequently Asked Questions

Does this include overtime pay?

Overtime isn’t calculated automatically. Increase hours per week or adjust hourly rate to approximate overtime earnings.

How should I handle unpaid vacation?

Reduce the “weeks per year” input to reflect the weeks you expect to take off without pay.

Can I use this for multiple jobs?

Yes. Calculate annual pay for each job separately and add the results to understand total earnings.

Are taxes and benefits included?

The calculator shows gross income only. Deduct taxes, insurance premiums, or retirement contributions separately for net pay.