What does this business actually need to produce?
Full-Time Income Calculator
About 10 minutes · A gross income target the household actually requires · free, no account
Agents usually plan against take home pay, which understates what self employment has to produce. Health coverage, the employer side of payroll tax, retirement matching, paid time off and small reimbursed expenses all disappear on the day the W2 does.
This calculator rebuilds the number from the parts. Enter what the job currently provides and what the household actually spends, and it returns the gross figure the business needs to generate before anything is called a replacement.
It produces a planning figure, not a verdict. Nothing here recommends whether or when to leave a job.
Step 1 of 6
Answers stay in this browser
Household contribution
Start with what the current role actually delivers to the household each month.
Self-employment income is taxed before it becomes household money.