Many freelancers supplement project-based work with ongoing retainers. Predicting how much income these contracts generate helps with budgeting and long-term planning. This calculator multiplies your monthly fee by the number of clients and contract months, then boosts the estimate based on your renewal probability. The MathML representation of the forecast is:
where equals clients, is the monthly fee, represents contract length, and is the likelihood of renewal. This simple formula provides a ballpark figure for stable revenue.
Retainers often deliver steadier cash flow than sporadic projects. With a predictable base of income, you can handle business expenses and personal obligations more comfortably. This tool emphasizes potential renewals because satisfied clients frequently extend agreements, providing a compounding effect on your earnings.
| Clients | Fee | Months | Renewal % | Income |
|---|---|---|---|---|
| 2 | $500 | 6 | 50% | $9,000 |
| 4 | $750 | 3 | 30% | $11,700 |
This table illustrates how adding more clients or improving your renewal rate can significantly boost your revenue projections. Use the calculator to explore different scenarios and plan your workload effectively.
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