Freelance Income Calculator
Calculate your gross and net freelance earnings by combining hourly client billings, monthly retainers, and product sales minus business expenses.
Freelance Revenue Streams
Net Business Profit
$131,000
$10,917 / month
Gross Annual Revenue
$138,000
All streams combined
Hourly Client Billings
$114,000
1,200 billable hours
Retainer Contracts
$24,000
$2,000 / month recurring
Step-by-Step Worked Example
Calculation Steps:
How to Use This Calculator
- 1Enter your average hourly billing rate.
- 2Specify billable hours per week and total working weeks per year.
- 3Add monthly recurring retainer contracts from stable clients.
- 4Include any monthly digital product, course, or affiliate sales.
- 5Deduct annual business operating expenses to see net business profit.
Assumptions & Limitations
- Estimates are based on standard national averages and current prevailing construction materials and contractor rates.
- Actual trade bids may fluctuate according to local building code requirements, permit fees, and site topography.
- Always obtain multiple written bids from licensed, bonded, and insured contractors before commencing work.
Frequently Asked Questions
What is a client retainer agreement?
A retainer is a fixed monthly fee paid by a client in exchange for a set allotment of guaranteed hours, ongoing availability, or deliverables every month, providing predictable recurring cash flow.
How many weeks per year should a freelancer plan to work?
Most full-time freelancers plan for 46 to 48 working weeks per year, reserving 4 to 6 weeks for vacations, public holidays, sick days, and business development.
Related Cost Calculators
Freelance Hourly Rate Calculator
Calculate your minimum and recommended hourly freelance billing rate based on desired personal take-home income, business overhead, health insurance, retirement, and billable hours.
Freelance Monthly Income Calculator
Calculate predictable monthly take-home pay from variable client invoices, ongoing retainers, operating expenses, and tax savings set-asides.
Freelance Annual Income Calculator
Project full-year freelance earnings with conservative volatility discounts, annual business deductions, bad debt write-offs, and net after-tax take-home.