Hourly to Yearly Pay Calculator
Enter your hourly rate and work schedule to estimate annual salary, monthly pay, and paycheck amounts.
How to convert hourly pay to yearly salary
If you are paid by the hour, your yearly income depends on three main factors: your hourly wage, how many hours you work each week, and how many weeks you work in a year. This page gives you a fast hourly wage calculator so you can estimate annual income in seconds.
The basic formula is simple:
Yearly pay = Hourly rate × Hours per week × Weeks per year
Example: if you make $25/hour, work 40 hours/week, and work 52 weeks/year, your gross yearly pay is: $25 × 40 × 52 = $52,000.
Why this hourly to annual income conversion matters
Converting hourly pay to annual salary helps with:
- Comparing job offers (hourly vs salaried roles)
- Building a realistic household budget
- Setting savings and debt payoff goals
- Estimating tax impact and take-home pay
- Planning retirement contributions
Common hourly rates and annual salary estimates
| Hourly Rate | 40 hrs/week, 52 weeks/year | 40 hrs/week, 50 weeks/year |
|---|---|---|
| $15/hr | $31,200/year | $30,000/year |
| $20/hr | $41,600/year | $40,000/year |
| $25/hr | $52,000/year | $50,000/year |
| $30/hr | $62,400/year | $60,000/year |
| $40/hr | $83,200/year | $80,000/year |
Include overtime for a better estimate
Many workers earn additional income through overtime. If your employer pays time-and-a-half, use an overtime multiplier of 1.5. The calculator above lets you add overtime hours per week so your annual pay estimate is closer to reality.
Overtime formula
Overtime pay per year = Hourly rate × Overtime multiplier × Overtime hours/week × Weeks/year
Total gross annual pay becomes: Regular yearly pay + Overtime yearly pay.
Gross pay vs take-home pay
The calculator shows gross income first. Gross pay is your earnings before taxes and deductions. Your take-home pay is lower after federal income tax, state tax (if applicable), Social Security, Medicare, and benefits deductions.
To provide a quick estimate, you can enter a tax percentage. This gives a rough yearly net income, but your actual paycheck may differ based on filing status, pre-tax benefits, and local tax rules.
Frequently asked questions
How much is $20 an hour per year?
At 40 hours/week and 52 weeks/year, $20/hour is $41,600 per year before taxes.
How much is $25 an hour per year?
At 40 hours/week and 52 weeks/year, $25/hour is $52,000 per year gross.
What if I do not work 52 weeks?
Use your actual weeks worked. For example, if you take two unpaid weeks off, use 50 weeks instead of 52.
Can this calculator replace payroll software?
No. This tool is for quick planning and salary comparison. Payroll software is still needed for exact withholding, deductions, and compliance.
Bottom line
A reliable pay calculator hourly to yearly helps you make smarter money decisions. Whether you are negotiating a raise, changing jobs, or setting a budget, knowing your annual salary estimate gives you clarity. Use the calculator regularly whenever your wage, schedule, or overtime changes.
Tip: For best results, recalculate with your expected paid time off, average overtime, and realistic tax assumptions.