How to convert hourly wage to annual salary
The easiest way to convert an hourly wage to an annual salary is to multiply your hourly rate by the number of hours you
work in an average week, and then multiply by the number of weeks you work per year.
Core formula (without overtime):
Annual salary = hourly rate × hours per week × weeks per year
For a typical full-time job in many countries, people use 40 hours per week and 52 weeks per year,
which gives 2,080 working hours per year. If you work fewer weeks (because of unpaid leave or breaks), or fewer / more hours per week,
you should enter your own numbers instead of the 40/52 default.
This hourly to salary converter lets you go one step further by including
overtime hours and a custom overtime multiplier so that your annual pay reflects what you actually earn.
Including overtime in the hourly to salary calculation
Many employees and contractors regularly work overtime. If you are paid 1.5× or 2× your normal hourly rate for overtime,
ignoring it will underestimate your yearly income.
Formula with overtime:
Weekly pay = (hourly rate × regular hours per week)
+ (hourly rate × overtime hours per week × (overtime multiplier − 1))
Annual salary = weekly pay × weeks per year
In the calculator above, simply enter:
- OT hours / week — your average weekly overtime hours
- OT multiplier — for example 1.5 for “time and a half”, or 2.0 for “double time”
The tool automatically adds overtime earnings on top of your base pay, and then converts the total into annual, monthly, biweekly,
weekly, daily, and hourly values.
Common hourly to salary conversions
The table below shows some quick examples assuming a standard schedule of 40 hours per week and 52 weeks per year,
with no overtime and results rounded to the nearest dollar.
| Hourly wage |
Approx. yearly salary |
Approx. monthly pay |
| $15 / hour |
$31,200 / year |
$2,600 / month |
| $20 / hour |
$41,600 / year |
$3,467 / month |
| $25 / hour |
$52,000 / year |
$4,333 / month |
| $30 / hour |
$62,400 / year |
$5,200 / month |
| $40 / hour |
$83,200 / year |
$6,933 / month |
These are only rough conversions. For more accurate results in your currency, with your exact hours and weeks per year,
use the hourly to salary calculator at the top of this page.
Full-time vs part-time vs freelance hourly pay
Full-time employees
Full-time workers usually have a fixed weekly schedule and paid holidays. If your employer pays you hourly but guarantees
a minimum number of hours, you can still treat it like a salary by using this tool with your typical hours and weeks.
Part-time jobs
Part-time workers often have fewer hours per week (for example 20–30 hours instead of 40). When converting hourly to salary:
- Enter your average weekly hours, not the maximum possible hours
- Use the number of weeks you realistically expect to work during the year
Freelancers, contractors, and gig workers
Freelancers and gig workers may not have guaranteed hours, and income can vary from month to month. This calculator is still useful,
but think of the yearly salary as an estimate based on your typical workload.
For example, if you usually bill 25 hours per week at $40/hour and work around 48 weeks per year, the tool will estimate
your “equivalent salary” so you can compare freelance income to full-time offers.
How this hourly to salary calculator works
The calculator is designed to be simple, fast, and accurate while still giving you control over the most important inputs:
- Currency — Select your preferred currency (USD, EUR, GBP, MAD, and more)
- Hourly rate — Your base hourly wage, without overtime
- Hours per week — Typical number of hours you work each week
- Weeks per year — How many weeks you expect to work during the year
- OT hours / week — Average overtime hours worked per week (optional)
- OT multiplier — The overtime rate multiplier (1.5×, 2×, etc.)
As soon as you hit Calculate, the tool computes your:
- Yearly gross income
- Monthly and biweekly pay
- Weekly pay
- Daily equivalent pay (based on an 8-hour day)
- Base hourly rate
You can also share or bookmark the page with your numbers, because the calculator stores your inputs in the URL.
Hourly to salary vs salary to hourly
When comparing job offers, you might need to convert both ways:
- Hourly to salary — Helps hourly workers understand their annual earning potential
- Salary to hourly — Helps salaried employees estimate what their effective hourly pay is
If you already know your annual salary and want to see the equivalent hourly wage, try the
Salary → Hourly Calculator in the Financial category.
Using both tools side by side is a great way to compare offers and check whether a promotion or raise is fair.
Frequently asked questions
Do I include paid vacation and public holidays?
If you are paid for vacation days and public holidays, you can still keep 52 weeks in the calculator, because you are
effectively earning money during that time. If those days are unpaid, reduce the number of weeks per year to reflect
the unpaid breaks.
Can this calculator show take-home pay after tax?
No. This page focuses on gross pay (before taxes).
Tax rules depend on your country, region, marital status, and many other details.
For a net paycheck estimate, use a dedicated
paycheck calculator or income tax calculator for your location.
What if my hours change every week?
Use your average hours per week and an estimated number of working weeks per year.
If your workload is very irregular, you can try different scenarios to see best-case and worst-case yearly income.
Is this hourly to annual salary calculator free?
Yes. All tools on AllMyCalculator are free to use and are designed to be lightweight, fast, and easy to access
from desktop or mobile devices without sign-up.
More financial calculators in this category
The Financial category on AllMyCalculator groups together salary, income, loan, and savings tools that help you
understand your money better. After you finish converting your hourly wage to annual salary, you might also want to explore:
All these tools are built to work together, so you can move from an hourly to salary calculation into planning loans,
mortgages, savings goals, and more without leaving the site.