diff --git a/src/libs/PolicyDistanceRatesUtils.ts b/src/libs/PolicyDistanceRatesUtils.ts
index 8870609e2c47..edc5e51ceeb9 100644
--- a/src/libs/PolicyDistanceRatesUtils.ts
+++ b/src/libs/PolicyDistanceRatesUtils.ts
@@ -30,7 +30,7 @@ function validateRateValue(values: FormOnyxValues<RateValueForm>, currency: stri
  */
 function getOptimisticRateName(rates: Record<string, Rate>): string {
     const existingRatesWithSameName = Object.values(rates ?? {}).filter((rate) => (rate.name ?? '').startsWith(CONST.CUSTOM_UNITS.DEFAULT_RATE));
-    return existingRatesWithSameName.length ? `${CONST.CUSTOM_UNITS.DEFAULT_RATE} ${existingRatesWithSameName.length + 1}` : CONST.CUSTOM_UNITS.DEFAULT_RATE;
+    return existingRatesWithSameName.length ? `${CONST.CUSTOM_UNITS.DEFAULT_RATE} ${existingRatesWithSameName.length}` : CONST.CUSTOM_UNITS.DEFAULT_RATE;
 }
 
 export {validateRateValue, getOptimisticRateName};