How to use the annualized income calculator
- Enter the income earned so far.
- Choose This year to a date and pick the last day your earnings cover, or choose A set length of time and enter the length of the period.
- Read the annualized income and the monthly, weekly and two-week equivalents.
- Check the line that shows how much is still to earn this year at the same pace.
Formula
Year to a date: annual = earned x days in the year / days passed
Days passed counts January 1 through the date you pick, so January 1 is day 1
A period: annual = earned x 365 / days covered, with a month as 365 / 12 days and a week as 7 days
A leap year has 366 days, and the year-to-date method uses the real length of the year you pick. The period method always uses a 365-day year.
$31,000 earned through June 30
June 30, 2026 is the 181st day of a 365-day year. The annualized income is 31,000 x 365 / 181 = $62,513.81, or $5,209.48 a month. At that pace there is $31,513.81 left to earn in the rest of the year.
For a period instead, $31,000 earned in 3 months is 31,000 x 365 / 91.25 = $124,000 a year. In a leap year, $10,000 earned through March 1, 2028 (61 days of 366) is annualized to exactly $60,000.
When a projection is reliable
Annualizing assumes the rest of the year looks like the part you have measured. That works for steady pay and fails for seasonal work, a bonus that has already been paid, a raise that has not started or a gap in work. If your income is uneven, annualize a longer span or several different spans and compare the answers.
Where annualized income is used
People annualize income to set a budget, to check progress against a goal or to fill in a form that asks for a yearly figure. Lenders, tax forms and benefit programs may use their own methods and their own periods, so use the figure they ask for and not this page's estimate.
To turn the result into an hourly rate use the Hourly to Salary Calculator, to plan around changing income use the Irregular Income Budget Planner and to see how far the year has run use the Year Progress Calculator.
Assumptions and limits
- The pace you earned at so far continues for the rest of the year.
- The year-to-date method counts the calendar days of the year of the date you pick.
- A month is 365 / 12 days in the period method.
- Nothing is uploaded. Calculations run in your browser.
Frequently asked questions
What does annualized mean?
It means scaled up to a full year at the same rate. If you earned $31,000 in the first half of the year, the annualized figure is what you would earn in a year if the pace did not change.
Why does the day count include January 1?
The first day of the year is day 1, so a date such as January 31 means 31 days have passed. Counting from 0 would understate the days and overstate the annual figure.
How is this different from multiplying by two for half a year?
Multiplying by two assumes exactly half a year. This page uses the real number of days, which matters for dates that are not on the half-year mark and for leap years.
What if my income is seasonal?
Annualizing a busy period overstates the year, and annualizing a slow one understates it. Use a full year of past income instead, or compare several periods.