Annual Income Calculator
Use this annual income calculator to estimate your gross annual income from hourly, daily, weekly, biweekly or monthly pay and convert your earnings into hourly to yearly income. It also works as an annual wages calculator — enter your wages and work schedule to see your estimated gross annual income across every pay period.
Last reviewed: 2026-07-29
Results
Enter your figures above and select Calculate. Results appear here with clear labels — never colour alone.
What is annual income?
Annual income is the total amount you earn in a year before taxes and deductions. It includes your base pay from all sources — hourly wages, salary, bonuses and additional income — and is the starting point for budgeting, loan applications and tax planning.
Converting between pay frequencies is straightforward math, but the assumptions matter: how many hours you actually work, how many weeks are unpaid, and whether your bonus is guaranteed all affect the final number. This annual income calculator handles those variables for you.
How to Calculate Annual Income
How you calculate annual income depends on how you are paid. Each pay frequency has its own conversion to a yearly figure.
- Paid Working Weeks = Working Weeks per Year − Unpaid Weeks
- Hourly: Annual = Hourly Rate × Hours per Week × Paid Weeks
- Daily: Annual = Daily Rate × Days per Week × Paid Weeks
- Weekly: Annual = Weekly Pay × Paid Weeks
- Biweekly: Annual = Biweekly Pay × Paid Weeks ÷ 2
- Monthly: Annual = Monthly Pay × 12
- Total Annual = Base Annual + Bonus + Additional Income
Annual Income Examples
A worker earns $25/hour, works 40 hours per week, 52 weeks per year with 2 unpaid weeks, and receives a $2,000 annual bonus.
- Paid Weeks = 52 − 2 = 50
- Base Annual = $25 × 40 × 50 = $50,000
- Total Annual = $50,000 + $2,000 = $52,000
- Monthly Average = $52,000 ÷ 12 = $4,333.33
- Weekly Average = $52,000 ÷ 50 = $1,040
Other realistic examples: a monthly salary of $6,000 gives $72,000 annual; a biweekly pay of $2,400 over 50 paid weeks gives $60,000; a weekly pay of $1,000 over 50 paid weeks gives $50,000.
Annual Wages Calculator
This tool also works as an annual wages calculator. Enter hourly wages, daily wages, weekly wages, biweekly wages, or monthly wages, and it converts them into an estimated annual income using your work schedule.
Select your pay frequency, then enter the corresponding pay amount. The calculator uses your hours per week, working days per week and working weeks per year to convert between periods. Unpaid weeks reduce the paid working weeks used in hourly, daily, weekly and biweekly calculations. The annual bonus and additional income fields are added to the base annual income to produce the total.
Gross Income vs Net Income
This calculator estimates gross income — the amount you earn before anything is taken out. Net income (take-home pay) is what remains after taxes, insurance, retirement contributions and other deductions.
Because deductions vary widely by jurisdiction, employer and personal choices, the figures here are gross only. To estimate take-home pay you would subtract income tax, social security, health insurance and retirement contributions specific to your situation. The salary to hourly calculator does the reverse conversion if you start from an annual figure.
How Unpaid Time Affects Annual Income
Working weeks and unpaid leave change annual income, especially for hourly and daily workers. If you assume 52 paid weeks but actually take unpaid time, your real annual income is lower.
- Vacation and unpaid leave reduce paid weeks. Two unpaid weeks out of 52 drops paid weeks to 50, cutting an hourly worker's annual income proportionally.
- Assuming 52 weeks always applies. Only use 52 if you are paid for every week; otherwise enter the actual paid weeks.
- Forgetting variable income. Bonuses, commissions and side income belong in the additional fields so they are counted once, not lost.
- Confusing gross and net. These figures are before taxes — your take-home pay will be lower.
Hourly Wage to Annual Income
To convert an hourly wage to annual income, multiply the hourly rate by the hours worked per week and the paid working weeks per year.
- Annual Income = Hourly Rate × Hours per Week × Working Weeks
- $25/hour × 40 hours/week × 52 weeks
- Annual Income = $25 × 40 × 52 = $52,000
If some weeks are unpaid, use the paid weeks instead. The same $25 rate over 50 paid weeks gives $50,000.
Weekly Pay to Annual Income
To convert weekly pay to annual income, multiply the weekly amount by the paid working weeks per year.
- Annual Income = Weekly Pay × Paid Weeks
- $1,000/week × 50 paid weeks
- Annual Income = $50,000
Use 52 if you are paid every week of the year; use fewer if some weeks are unpaid.
Monthly Income to Annual Income
Monthly income converts to annual income by multiplying by 12, regardless of how many days are in each month.
- Annual Income = Monthly Income × 12
- $6,000/month × 12
- Annual Income = $72,000
Monthly pay is a fixed amount per month, so this conversion is exact for salaried roles. For hourly roles with variable hours, use the percentage calculator or hourly conversion above for a more accurate figure, and the compound interest calculator to project how that income could grow over time.
Frequently asked questions
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Disclaimer
Results from this calculator are estimates for general information only and are not financial, accounting, tax, investment or legal advice. Verify important figures with a qualified professional. Read our full disclaimer.