This calculator helps you determine a fair and sustainable hourly rate for your services, taking into account your desired annual income, business expenses, and billable hours.
function calculateHourlyRate() {
var desiredAnnualIncome = parseFloat(document.getElementById("desiredAnnualIncome").value);
var annualBusinessExpenses = parseFloat(document.getElementById("annualBusinessExpenses").value);
var workingDaysPerYear = parseFloat(document.getElementById("workingDaysPerYear").value);
var hoursPerDay = parseFloat(document.getElementById("hoursPerDay").value);
var paidTimeOffPerYear = parseFloat(document.getElementById("paidTimeOffPerYear").value);
var resultElement = document.getElementById("result");
resultElement.innerHTML = ""; // Clear previous results
if (isNaN(desiredAnnualIncome) || isNaN(annualBusinessExpenses) || isNaN(workingDaysPerYear) || isNaN(hoursPerDay) || isNaN(paidTimeOffPerYear)) {
resultElement.innerHTML = "Please enter valid numbers for all fields.";
return;
}
if (desiredAnnualIncome < 0 || annualBusinessExpenses < 0 || workingDaysPerYear <= 0 || hoursPerDay <= 0 || paidTimeOffPerYear < 0) {
resultElement.innerHTML = "Please enter valid positive numbers. Working days and hours per day must be greater than zero.";
return;
}
var totalDaysWorked = workingDaysPerYear – paidTimeOffPerYear;
if (totalDaysWorked <= 0) {
resultElement.innerHTML = "The number of working days after subtracting paid time off is zero or less. Please adjust your inputs.";
return;
}
var totalBillableHours = totalDaysWorked * hoursPerDay;
if (totalBillableHours <= 0) {
resultElement.innerHTML = "Total billable hours calculated is zero or less. Please adjust your inputs.";
return;
}
var totalIncomeNeeded = desiredAnnualIncome + annualBusinessExpenses;
var hourlyRate = totalIncomeNeeded / totalBillableHours;
resultElement.innerHTML = "