Income and work
Hourly to Salary Calculator
Convert an hourly rate into weekly pay, monthly gross pay, and an estimated annual salary from your hours per week and weeks worked per year.
How hourly-to-salary conversion works
Start with your gross hourly rate
Enter your hourly pay before taxes and deductions: the rate in your offer letter or on your pay stub.
Describe your work schedule
Enter the hours you work in a typical week and the weeks you work in a year. Decimals such as 37.5 hours or 50.5 weeks are fine.
Count the hours in a year
Annual work hours are your hours per week × your weeks per year. 40 hours for 52 weeks is 2,080 hours.
Multiply by the rate
Weekly gross pay is the rate × hours per week, annual gross pay is the rate × annual hours, and the monthly equivalent is the annual amount ÷ 12.
What changes annual pay
Why hours per week matter
Every hour you enter is paid at the same rate, so annual pay follows your hours: $30 an hour is $62,400 a year at 40 hours a week and $58,500 at 37.5. No overtime premium is added.
Why weeks per year matter
Weekly pay depends only on the rate and the hours in a week. The weeks you enter set how many of those weeks make up the year: $1,200 a week is $62,400 over 52 weeks and $57,600 over 48.
40 hours × 52 weeks = 2,080 hours
2,080 hours is a common reference for a full-time year: $30 × 2,080 = $62,400. It is only one schedule, so the calculator uses the hours and weeks you enter instead of assuming it.
Monthly equivalent
The monthly equivalent is annual gross pay ÷ 12. A month is about 4.33 weeks, so weekly pay × 4 would count only 48 weeks of pay a year. It is an equivalent amount, not a paycheck.
Paid time off
If your employer pays you for holidays or vacation, those weeks are paid even though you do not work them. Enter 52 weeks to count them at your hourly rate, or the weeks you work to leave them out. Payroll rules may differ.
Gross pay vs take-home pay
Every amount here is gross: before income taxes, payroll taxes, retirement contributions, insurance premiums, and other deductions. Take-home pay is lower, by amounts this calculator does not estimate.
Example calculation
A $30 gross hourly rate, annualized over a few schedules. Calculated the same way as the calculator above.
40 hours × 52 weeks
- Annual work hours
- 40 × 52 = 2,080
- Weekly gross pay
- $30.00 × 40 = $1,200.00
- Annual gross pay
- $30.00 × 2,080 = $62,400.00
- Monthly equivalent
- $62,400.00 ÷ 12 = $5,200.00
Each amount is multiplied from the rate and rounded once. The annual amount is not the rounded weekly amount × weeks, and the monthly amount is not weekly pay × 4.
The same rate, other schedules
| Schedule | Annual hours | Weekly | Annual |
|---|---|---|---|
| 40 h × 52 wk | 2,080 | $1,200.00 | $62,400.00 |
| 37.5 h × 52 wk | 1,950 | $1,125.00 | $58,500.00 |
| 40 h × 48 wk | 1,920 | $1,200.00 | $57,600.00 |
| 20 h × 52 wk | 1,040 | $600.00 | $31,200.00 |
Working 48 weeks instead of 52 leaves weekly pay at $1,200 but lowers annual pay, because fewer weeks make up the year.
Assumptions
- The hourly rate is gross pay before taxes and deductions. No taxes, deductions, benefits, retirement contributions, or insurance premiums are calculated.
- Annual work hours are hours per week × weeks worked per year, kept exact for up to two decimal places in each (37.5 × 52 = 1,950 hours).
- Every hour entered is paid at the same hourly rate. Overtime rules and premiums, such as time and a half, are not applied.
- Weekly gross pay is the rate × hours per week, and annual gross pay is the rate × annual work hours. The monthly equivalent is annual gross pay ÷ 12, never weekly pay × 4.
- Each amount is calculated from the rate and the exact schedule on its own and rounded to the nearest cent once, so no amount carries another's rounding.
- Paid time off counts only through the weeks you enter. Unpaid leave, tips, bonuses, commissions, shift differentials, and changes in pay during the year are not modeled.
How Calcora calculates
- Every calculator explains the formula behind its result in plain language.
- Calculators are designed to run in your browser, so your inputs are not sent to Calcora.
- Results help you understand your options. They are not financial advice.
Frequently asked questions
Is the estimated annual salary my take-home pay?
Does the calculator include overtime?
Why doesn't the calculator assume 2,080 hours?
Why is the monthly amount not weekly pay × 4?
What should I enter for weeks per year if I get paid time off?
How does this relate to the Salary to Hourly Calculator?
Does Calcora store my information?
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