Calculate consulting day rate and hourly rate — enter desired annual income and billable days per year to see what you need to charge per day and per hour (8-hour day). Results update live.
Frequently Asked Questions
How is the consulting day rate calculated?
Day rate = Desired annual income ÷ Billable days per year. This is the gross daily fee needed to hit your income target.
Why is hourly based on an 8-hour day?
Hourly rate = Day rate ÷ 8. Adjust mentally if your consulting days are shorter or include travel and prep time.
How many billable days should I plan?
Most consultants bill 180–230 days per year after accounting for vacation, sales, and admin. A 220-day year is a common planning figure.
How does this compare to the Freelance Rate Calculator?
The Freelance Rate Calculator works from weekly billable hours and expenses. This tool focuses on day-rate consulting engagements.
Is this tool free and does it work on mobile?
Yes on both counts. The Consulting Rate Calculator on draft21 is completely free with no sign-up required and works on all devices.