FIRE Milestone Calculator
Map your progress toward Coast, Lean, Barista, regular, and Fat FIRE milestones using savings, spending, income, and return assumptions.
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Convert salary to hourly pay or hourly pay to salary with paid holidays, bonus pay, additional income, and optional overtime.
The converted pay shows the gross base equivalent of an annual salary or hourly wage using your regular work schedule. Total pay estimates can also include paid holidays, bonus pay, additional annual income, and optional overtime.
This calculator converts gross pay only. It does not estimate taxes, deductions, unpaid leave, local overtime rules, holiday eligibility, bonus eligibility, commission timing, or benefit value.
Convert between annual salary and hourly wage using a gross-pay schedule with paid holidays, bonus pay, additional income, and optional overtime.
Salary and hourly conversions are best for comparing gross compensation before deductions.
A $75,000 salary at 40 regular hours per week, 52 working weeks, and 0 paid holidays equals 2,080 annual hours. Dividing salary by annual paid hours gives the equivalent hourly wage.
Take-home pay can differ because of taxes, insurance premiums, retirement contributions, overtime rules, variable income timing, paid holiday eligibility, and employer benefits.
The calculator uses regular annual work hours as the bridge between salary and hourly pay, then includes paid holidays, bonus pay, additional income, and optional overtime in the period totals.
H_y
= H_w \times W_y
Hy is regular annual hours, Hw is hours per week, and Wy is working weeks per year.
Hourly
= \frac{Salary}{H_y}
Salary
= Hourly \times H_y
PaidHours
= H_y + P_h \times \frac{H_w}{5}
Ph is paid holidays per year. Paid holidays are included in hourly total pay estimates, not the base converted pay.
Total
= Base + HolidayPay + Overtime + Bonus + AdditionalIncome
Bonus and additional annual income are added to total pay estimates, not to the base converted salary or hourly wage.
Choose paid hours, unpaid time, holidays, and working weeks that match the job rather than a generic 40-hour week. A salaried role with regular nights or weekends has a lower effective hourly rate than the same salary at fewer hours. An hourly role with unstable scheduling may produce less annual income than a full schedule suggests.
Keep base pay separate from uncertain bonuses, commissions, tips, and overtime. Run a guaranteed-pay case first, then add variable income as a second case. Overtime eligibility and calculation depend on the job and applicable law; the U.S. Department of Labor overtime page is a starting point for federal rules, but state rules may also apply.
Pay alone does not capture the value of health coverage, retirement contributions, paid leave, commuting time, equipment, or contract taxes. Put a reasonable annual value on benefits you would otherwise buy, and subtract recurring work costs. For freelance work, reserve time for administration and unpaid business development rather than treating every available hour as billable.
Use the output as a common unit for comparing offers, not as a payroll or tax result. Gross pay is before withholding and deductions. Check the actual pay schedule because twice-monthly and every-two-week payrolls produce different numbers of checks even when annual pay is the same.
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