Utilization
Use a realistic billable share. Outreach, admin, learning, revisions, and downtime usually consume part of your schedule.
Free freelance income planning tool
Work backward from your income goal to a required hourly rate.
Set a monthly owner-income target, add business costs, estimate your available time and billable utilization, and see the hourly rate the plan needs to support.
✓ Live calculation✓ No sign-up✓ Runs in your browser
Methodology
How the target-rate calculation works
The model separates available time from billable time so unpaid work is not silently ignored.
Required monthly revenue = desired owner income + monthly business costs.
Available monthly hours = hours per working day × working days per month.
Billable monthly hours = available monthly hours × billable utilization.
Required hourly rate = required monthly revenue ÷ billable monthly hours.
Use the result responsibly
Three checks before treating the rate as a plan
Market fit
A sustainable internal rate still needs a service, proof, buyer, and scope that can support it.
Costs and tax
Add real business costs. Personal tax is not modeled because it depends on location and individual circumstances.
Income cluster
Compare the required rate with possible monthly income.
Use the AI Income Calculator to test a rate against a work schedule, or compare published planning scenarios in the Somez AI income benchmarks.