Consulting Fees Calculator

Written by Great Medico

Updated September 25, 2026 •2 min read

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A good business calculator should make the assumptions easier to see, not bury them. Consulting Fees Calculator focuses on the specific inputs shown on the page and turns them into one usable summary.

What this calculator does

Consulting Fees Calculator estimates the hourly consulting fee needed to cover a target personal income plus annual business expenses across the billable hours available. Its scope is intentionally narrow: the calculation follows the visible inputs and does not pretend to include financial variables the calculator never asks you to provide.

How to use it

Enter Currency, Target annual personal income, Annual business expenses, Billable days per year, and Billable hours per day. Use figures from the same reporting period and the same accounting, workforce, inventory, or campaign definition wherever possible. The currency selector changes display currency only; it does not perform an exchange-rate conversion. Before using the result in a decision, recheck unusually large or negative values against the source data rather than assuming the calculator is correcting an inconsistent input.

How the calculation works

The calculator estimates the annual revenue that must be covered by billable work: target personal income + annual business expenses. Billable hours = billable days × billable hours per day. Required hourly fee = required annual revenue ÷ billable hours.

Example

A target income of $120,000 plus $30,000 of annual expenses requires $150,000 of billings. Across 1,080 billable hours, that is about $138.89 per hour.

How to interpret the result

Use the result as a compact description of the inputs you supplied. Compare it with the same metric calculated consistently over time or across alternatives; the number is most useful when its accounting period, denominator, and business definition remain stable.

Limitations and notes

The required hourly fee is a planning estimate built from target income, annual business expenses, billable days, and billable hours. It does not automatically add taxes, unpaid time, bad debt, discounts, utilization changes, or a profit margin beyond the values represented by the fields, so those assumptions should be reflected in your inputs when relevant.