Consulting Day Rate & Margin Calculator
Calculate your required consulting day rate and hourly billing fee based on target take-home salary, non-billable utilization, self-employment taxes, overhead, and profit margin.
Income Goals & Business Expenses
$
Net personal income you want in your personal bank account.
$
Software, laptop, insurance, legal & accounting.
%
Income tax + self-employment (FICA 15.3%).
Time Availability & Utilization
Days
%
Standard is 60–75%.
%
Business reinvestment.
Recommended Minimum Day Rate
TARGET BILLABLE RATE
$1,244 / day
Equivalent to $156 / hour (8-hour consulting day)
Required Annual Revenue
$204,706
Gross billings needed
Total Billable Days
164.5 Days
70.0% of 235 working days
Annual Financial Breakdown
Target Net Income:
$120,000
Estimated Income & FICA Tax:
$40,000
Business Overhead:
$14,000
Profit & Reinvestment Reserve:
$30,706