Hourly to annual, gross to net.
Hourly to annual, gross to net.
Enter any salary amount and select its pay period. The calculator instantly converts it to all other common pay frequencies โ annual, monthly, bi-weekly, weekly, daily, and hourly โ based on your hours per week and working weeks per year.
The standard US work year assumes 52 weeks ร 40 hours = 2,080 hours. If you work different hours, adjust accordingly. Note that this calculator shows gross pay โ your take-home pay after taxes will be lower. Use our Tax Calculator to estimate deductions.
Multiply your hourly rate by hours per week, then by weeks per year. For a standard full-time job: hourly ร 40 ร 52 = annual. So $25/hr ร 40 ร 52 = $52,000/year. Use this calculator to do it instantly for any combination of hours and weeks.
Bi-weekly means you're paid every two weeks, resulting in 26 paychecks per year. This is the most common US pay schedule. Bi-monthly (semi-monthly) means twice per month โ 24 paychecks per year. These sound similar but result in different paycheck amounts. This calculator covers bi-weekly specifically.
The US median household income is approximately $75,000/year. What's "good" depends heavily on location โ a $65,000 salary in rural Iowa has very different purchasing power than in San Francisco or New York. As a general rule, aim to keep housing costs under 30% and total debt payments under 36% of your gross monthly income.
The classic rule is to save 20% of your net income (the 50/30/20 rule: 50% needs, 30% wants, 20% savings). For retirement specifically, aim for 10โ15% of gross income. Emergency fund target is 3โ6 months of expenses. Start with whatever you can and increase by 1% each year.