Calculator Tools
Freelance Rate Designer
Freelance Rate Designer helps independent consultants translate lifestyle costs, utilization, and tax assumptions into clear hourly targets with exportable assumptions.
Updated 2024-06-01
Consulting
Freelance Rate Designer
Back into sustainable billable rates based on utilization, taxes, benefits, and overhead.
Income Targets
$
%
$
Workload & Costs
%
Covers admin time, software, and buffer.
$
$
Target Billable Rate
$285.46
70.00% utilization baked in
Effective Annual Net
$153,158.40
-$13,158.40 delta to target
Billable Hours Needed
65
Per month to cover $2,800.00
Recommended Buffer
$1,080.00
10% margin for slow weeks
Income Projections
| Scenario | Hourly Rate | Annual Gross | Net After Tax |
|---|---|---|---|
| Current average | $165.00 | $242,880.00 | $153,158.40 |
| Recommended floor | $285.46 | $420,201.68 | $273,737.14 |
| Aspirational +15% | $328.28 | $483,231.93 | $316,597.71 |
Insights
- You are on pace to exceed your net income target. Consider banking surplus for downtime.