Annual Pay Calculator
Convert an hourly wage to annual pay by specifying hours worked per week and weeks worked per year.
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How to use this tool
- Enter hourly wage, hours worked per week and weeks worked per year in the fields above.
- Results update instantly as you type — or click Calculate.
- Read your annual pay and the full breakdown beneath it.
⚠ This tool provides general estimates for education only and is not financial, tax or legal advice. Figures may not reflect your situation — verify with a qualified professional.
Formula
Annual Pay = Hourly Wage × Hours per Week × Weeks per Year
Monthly Pay = Annual Pay ÷ 12
How it works
This calculator converts an hourly wage to annual pay by multiplying the wage by total hours worked in a year. It assumes a consistent schedule throughout the year and reports gross (pre-tax) pay. Overtime, bonuses, and tips are not included unless incorporated into the hourly wage field.
Worked example
$20/hr, 40 hours/week, 52 weeks/year
- Weekly pay = $20 × 40 hours = $800
- Annual pay = $800 × 52 weeks = $41,600
- Monthly pay = $41,600 ÷ 12 ≈ $3,466.67
Annual pay is $41,600, or about $3,466.67 per month.
Common mistakes to avoid
- Using 52 weeks even when the worker takes unpaid leave, overstating annual pay.
- Forgetting overtime: entering a single hourly rate ignores time-and-a-half hours, so the true annual figure is higher.
- Confusing gross pay with net pay — the formula gives pre-tax income, not take-home.
Key terms
- Hourly wage
- The amount of money earned per hour of work, before taxes.
- Gross annual pay
- Total yearly earnings before any taxes or deductions are applied.
- Full-time equivalent
- A standard 40-hour, 52-week work year totaling 2,080 hours, used as a baseline for annual pay calculations.
Frequently asked questions
- What is the standard number of weeks used for annual pay calculations?
- 52 weeks is the standard, but if you take unpaid vacation you should enter the actual weeks worked (e.g., 50) for an accurate figure.
- Does this calculator include overtime?
- No. Enter your straight-time hourly rate and hours. If you regularly work overtime, calculate overtime earnings separately and add them to the result.
- Is annual pay the same as annual salary?
- Not always. Salary typically refers to a fixed amount regardless of hours; pay can vary week to week. This calculator converts an hourly rate to an annualized equivalent.