Income goal planner
Turn a take-home goal into the amount you need to bill each month.
Your goal for a month
Take-home pay you wantPer month, after tax.$5,000
Tax you set asideKept back from every payment.$6,667÷ 0.75
Business costsSoftware, subscriptions, platform fees, equipment.$6,967
Revenue to bill each month$6,967
The hours you can bill
Billable hours a weekOnly hours you can invoice, not admin, sales or breaks. 25 to 30 is realistic full-time.25 h
Working weeks a month4.3 on average across a year.107.5 h
Billable hours a month107.5 h
Your minimum hourly rateRevenue to bill, divided by billable hours.
A day8 hours$518
The same revenue in projects or clients
Average project valueOptional. What one typical project pays.7projects a month
Monthly revenue per retained clientOptional. What one ongoing client pays each month.4.6clients
To take home $5,000 a month after a 25% tax set-aside and $300 of costs, bill $6,967 a month: about $64.81 an hour across 107.5 billable hours, or roughly 7 projects at $1,000 or 4.6 retained clients at $1,500 a month.
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