One of the most common money questions is a simple one: if you earn a certain amount per hour, how much is that per year? Whether you are comparing a job offer, setting a budget, or just curious, converting an hourly wage into an annual salary is easy once you know the formula. This guide from The Finance Reveal shows you how, with a full conversion table, part of our Making Money section. This is general education, not financial advice.

The Simple Formula

To turn an hourly wage into a yearly salary, you multiply your hourly rate by the number of hours you work in a year. For a standard full-time schedule of 40 hours per week across all 52 weeks, that is 2,080 hours a year. So the formula is simply your hourly rate times 2,080. For example, 20 dollars an hour comes to 20 times 2,080, which is 41,600 dollars a year.

This 2,080-hour figure is the standard assumption for full-time work, and it makes quick mental math possible: a useful shortcut is that a full-time hourly wage is roughly your hourly rate times 2,000, which gets you close before fine-tuning. Keep in mind this is gross pay, meaning before taxes and deductions, so your actual take-home amount will be lower, a distinction our guide to take-home pay explains.

Hourly to Annual Conversion Table

The table below shows common hourly wages converted to annual salary, based on full-time hours of 2,080 per year.

To find a wage not listed, just multiply it by 2,080. So 23 dollars an hour is 47,840 dollars, 33 dollars an hour is 68,640 dollars, and 55 dollars an hour is 114,400 dollars a year. The same method works for any rate, including amounts with cents, such as 18.50 an hour, which comes to 38,480 dollars a year. Because every figure here uses the full-time 2,080-hour assumption, these are the annual totals for someone working 40 hours every week of the year.

Adjusting for Your Real Situation

The standard formula assumes full-time, year-round work, but real life varies, so a few adjustments make your estimate more accurate. If you work part-time or a different number of hours, replace 2,080 with your actual annual hours: hours per week times the weeks you work. Someone working 30 hours a week for 52 weeks, for instance, would use 1,560 hours instead. If you take unpaid time off, your real annual total will be lower than the formula suggests.

It is also worth remembering that this calculation gives gross annual pay, before income tax and other deductions, so your take-home pay will be meaningfully less, and how much less depends on where you live and your circumstances, since tax rules vary by country. Converting an hourly wage to a yearly figure is most useful for comparing offers and building a budget, but always plan around your net pay rather than the gross headline number. For the reverse calculation, see our guide to converting an annual salary to an hourly wage, and explore the full Making Money section.

Frequently Asked Questions

How do you convert an hourly wage to an annual salary?

Multiply your hourly rate by the number of hours you work in a year. For standard full-time work of 40 hours a week across 52 weeks, that is 2,080 hours, so you multiply your hourly wage by 2,080. For example, 25 dollars an hour equals 25 times 2,080, or 52,000 dollars a year. This gives your gross annual pay, before taxes and deductions.

How much is 20 dollars an hour annually?

At full-time hours of 2,080 a year, 20 dollars an hour comes to 41,600 dollars a year before taxes. That is 20 multiplied by 2,080. Your take-home amount would be lower after income tax and other deductions, which vary by country and situation. If you work fewer hours than full-time, multiply 20 by your actual annual hours instead.

Is 2,080 hours always correct?

It is the standard assumption for full-time, year-round work at 40 hours a week for 52 weeks, and it is what most salary conversions use. But it may not match your situation. If you work part-time, overtime, or take unpaid time off, your real annual hours differ, so replace 2,080 with your actual hours per week times the weeks you work for a more accurate figure.

Does this give my take-home pay?

No. Multiplying your hourly wage by your annual hours gives gross pay, meaning before income tax, and any other deductions are taken out. Your take-home, or net, pay will be lower, and how much lower depends on your location and personal circumstances, since tax rules vary by country. For budgeting, it is best to base your plan on your net pay rather than the gross annual figure.

The Bottom Line

Converting an hourly wage to an annual salary is straightforward: multiply your hourly rate by the hours you work in a year, which for standard full-time work of 40 hours a week across 52 weeks is 2,080 hours. So 20 dollars an hour is 41,600 dollars a year, 25 dollars an hour is 52,000 dollars, and 50 dollars an hour is 104,000 dollars, all before taxes. A handy shortcut is to multiply your rate by 2,000 for a quick estimate, then refine. For any wage not in the table, simply multiply it by 2,080, and the same method handles rates with cents. Just remember two things. First, 2,080 assumes full-time, year-round work; if you work part-time or take unpaid time off, use your actual annual hours instead. Second, this formula gives gross pay, before income tax and deductions, so your take-home pay will be lower, by an amount that varies by country and situation. Use the annual figure to compare offers and frame your budget, but plan your spending around your net pay. For the reverse, see our guide to annual salary to hourly, along with take-home pay, and explore the full Making Money section. This article is general information, not personalized financial advice, and tax rules vary by country.