Hourly to Salary Calculator

How to convert an hourly rate to an annual salary

Enter your hourly rate, how many hours you work in a typical week, and how many weeks a year you are paid for. The tool multiplies the three to get gross annual pay and divides by 12 for a monthly figure.

The weeks field is the one that decides whether you are modelling a salaried job with paid leave or contract work where time off is unpaid.

• Enter your rate in the Hourly rate field. It starts at 25.
• Enter your typical week in the Hours per week field. It starts at 40.
• Enter paid weeks in the Weeks per year field. It starts at 52. Use 50 if you take two unpaid weeks.
• Read the Annual salary, Monthly, and Weekly lines. All three are gross.
• Run the gross figure through the Paycheck Calculator if you need an estimate of take-home pay.

The 2080-hour year and the numbers it produces

Forty hours a week across 52 weeks is 2080 hours, and that product is why the conversions come out so cleanly. Multiply any hourly rate by 2080 and you have the standard full-time annual figure: 20 an hour is 41600, 25 an hour is 52000, 30 an hour is 62400, and 50 an hour is 104000. Divide by 12 for the monthly line.

The reverse is the same division. A 60000 salary at 40 hours over 52 weeks works out at 60000 / 2080 = 28.85 an hour, and 45000 is 21.63. This page runs forward only, so if you are checking whether an hourly offer beats a salaried one, convert the salary by hand and then compare like with like.

• 15 an hour: 31200 a year, 2600 a month, 600 a week.
• 20 an hour: 41600 a year, 3466.67 a month, 800 a week.
• 25 an hour: 52000 a year, 4333.33 a month, 1000 a week.
• 30 an hour: 62400 a year, 5200 a month, 1200 a week.
• 50 an hour: 104000 a year, 8666.67 a month, 2000 a week.

Part-time, contract work, and unpaid time off

The weeks field is where paid leave lives. A salaried role with paid vacation is 52 weeks, because you are paid for every week of the year whether or not you work it. Contract work usually is not. Enter 50 for two unpaid weeks and 25 an hour falls from 52000 to 50000, which is the real cost of unpaid leave stated plainly.

Part-time work is handled by the hours field rather than the weeks field. Thirty hours a week at 18 an hour across 52 weeks is 28080 a year, or 540 a week. If your hours vary week to week, use your average across a full quarter rather than a good week, since an optimistic average compounds across 52 of them.

Everything on the page is gross. Take-home is commonly 20 to 30 percent lower once income tax, Social Security and Medicare, health premiums, and retirement deferrals are taken out. The Paycheck Calculator applies a withholding percentage and deductions to a single pay period, and the Income Tax Calculator gives a rough annual after-tax figure from a flat rate.

• 52 weeks: salaried with paid time off.
• 50 weeks: contractor taking two unpaid weeks, which costs 2000 a year at 25 an hour.
• Part-time: reduce hours per week, not weeks per year.
• All three result lines are gross, before any tax or deduction.