— Salary & Income
Annual Income Calculator
Add up everything you earn in a year. Convert hourly, weekly, biweekly, monthly, or annual pay, then add bonus, freelance, investment, and rental income. See total annual income, monthly equivalent, and a per-source breakdown. Gross figures, before tax.
Total annual income
$60,000
- Monthly equivalent
- $5,000
- Weekly equivalent
- $1,153.85
- Primary income (annual)
- $60,000
Try: $60,000 salary, $30/hour, full-time, $80k salary + $20k freelance, $5k/month + $18k rental
— Income by source
| Source | Annual | Share |
|---|---|---|
| Primary income | $60,000 | 100% |
| Total | $60,000 | 100% |
— Income by source
Download— How it works
Total annual income = sum of every source converted to annual. Hourly pay annualises as rate × hours/week × weeks/year (40 × 52 by default); other streams are entered as annual amounts.
Adding up everything you earn
Total annual income is the sum of every source, each put on the same yearly footing. A pay rate is converted first: $30 an hour over a standard 40-hour, 52-week year is $62,400; $5,000 a month is $60,000. Then the other streams — a bonus, freelance work, investments, rental — are added on. The result is your gross annual income, with a monthly equivalent and a breakdown showing how much each source contributes.
Worked example — $80,000 salary + $20,000 freelance: Total annual income $100,000 (salary 80%, freelance 20%), about $8,333 a month. Swap the salary to $30/hour and it annualises to $62,400 before the freelance is added.
Income beyond the day job
Many people earn from more than one place, and lenders and budgets care about the combined figure. Enter each stream as an annual amount: a yearly bonus or commission, freelance or self-employment income, investment income (dividends and interest), rental income, and anything else like a pension or royalties. The chart and table split the total by source so you can see how diversified — or salary-dependent — your income is.
Gross, not take-home
These are gross figures, before income tax, FICA/National Insurance and deductions. Different streams are also taxed differently — salary through payroll, freelance via self-employment tax, investments and rental on their own rules — so a single net figure isn’t straightforward here. For after-tax pay on your salary, use the take-home or paycheck calculator; for freelance, the self-employment or freelance-tax calculator.
— Reader questions
How do I calculate my total annual income?
Convert each source to a yearly figure and add them up. Hourly pay × hours/week × weeks/year (e.g. $30 × 40 × 52 = $62,400), monthly × 12, weekly × 52, plus any annual bonus, freelance, investment and rental income.
How do I convert hourly pay to annual income?
Multiply your hourly rate by the hours you work per week and the weeks per year. Full-time (40 × 52 = 2,080 hours) means $25/hour is $52,000 a year. Adjust the hours and weeks for part-time work.
Should I include bonuses and side income?
Yes, for a true total — and lenders usually want it. Add your typical annual bonus, freelance or self-employment income, investment income and rent. The breakdown shows each source’s share of the total.
Is this gross or net income?
Gross — before tax and deductions. Each income type is taxed differently, so use the take-home, paycheck or self-employment calculators to estimate net pay from the relevant streams.
What’s my monthly income from an annual figure?
Divide annual income by 12. A $100,000 total annual income is about $8,333 a month gross.