# How To Calculate Your Personal Break-Even Rate

Calculate what your required hourly rate is. Use the personal break-even rate calculator.

Use the personal break-even rate calculator to find out how much you must make to take the job.

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## Breaking This Break-Even Rate Down

What this Personal Break-Even calculator is telling you is what hourly rate you must earn every hour you work during the month to cover all of your expenses.Â Â  There are many nuggets of gold buried in this calculation.Â  For instance, Let’s say your expenses are \$1,600 a month (not likely, I know, but bear with me).Â Â  That means you would only need to earn \$10 an hour to cover your expenses.Â  But what if you earn \$30 bucks an hour?Â  How many hours a month would you need to work to cover all of your expenses?Â  Don’t you love word problems.

The math on this is simple, just divide \$1,600/30=53 hours.Â  That means you need to work 53 hours before you break-even during the month, and the remaining 107 hours can go toward savings.Â

## Decide How Much You Want Need To Earn

Have you wondered how much you would have to make per hour to earn a million dollars per year?Â  Why a million?Â  After all, how likely is it that anybody earns a million dollars a year?Â  As it turns out, in the U.S., there are lot of people who earn that much. Â  So let’s do the math.Â  First off, you should know there are 2080 available work hours in a year (according to the US Government and accountants).Â  So now you just divide \$1,000,000/2080=\$480.76 Per Hour.Â

OK, so maybe a million dollars a year is hard to wrap your mind around.Â  Well, let’s try a more common \$100,000 per year income.Â Â  That works out to be \$48 Per Hour.Â

So the next time a recruiter calls you and ask ‘what’s your rate’, you now have a tool you can answer with.Â

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#### Lonnie Ayers

On a mission to help every job seeker find a job. Co-inventor of mapertunity, the most advanced graphical job search tool in existence. A 21st century tool for jobs and businesses.

Welcome to Mapertunity, a new way of posting jobs and finding jobs. We are on a mission to help every single person and every single business find each other, and then put them to work.

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