A typical bench drill will take bits from ~1mm up to 1/2".
You can send ages studying charts and formulas but if you select the pulley sizes roughly in proportion to drill size with top speed for anything smaller than 1/8" and don't expect to drill at the larger sizes in one go, you won't go far wrong.
Neil
<edit> Chrats? What on earth is a chrat, neil?
Edited By Neil Wyatt on 28/08/2015 10:47:33