To develop and validate a nomogram using on admission data to predict in‐hospital survival probabilities of coronavirus disease 2019 (COVID‐19) patients. We analyzed 855 COVID‐19 patients with 52 variables. The least absolute shrinkage and selection operator regression and multivariate Cox analyses were used to screen significant factors associated with in‐hospital mortality. A nomogram was established based on the variables identified by Cox regression. The performance of the model was evaluated by C‐index and calibration plots. Decision curve analysis was conducted to determine the clinical utility of the nomogram. Six variables, including neutrophil (hazard ratio [HR], 1.088; 95% confidence interval [CI], [1.0004–1.147]; p < .001), C‐reactive protein (HR, 1.007; 95% CI, [1.0026–1.011]; p = .002), IL‐6 (HR, 1.001; 95% CI, [1.0003–1.002]; p = .005), d‐dimer (HR, 1.034; 95% CI, [1.0111–1.057]; p = .003), prothrombin time (HR 1.086, 95% CI [1.0369–1.139], p < .001), and myoglobin (HR, 1.001; 95% CI, [1.0007–1.002]; p < .001), were identified and applied to develop a nomogram. The nomogram predicted 14‐day and 28‐day survival probabilities with reasonable accuracy, as assessed by the C‐index (0.912) and calibration plots. Decision curve analysis showed relatively wide ranges of threshold probability, suggesting a high clinical value of the nomogram. Neutrophil, C‐reactive protein, IL‐6, d‐dimer, prothrombin time, and myoglobin levels were significantly correlated with in‐hospital mortality of COVID‐19 patients. Demonstrating satisfactory discrimination and calibration, this model could predict patient outcomes as early as on admission and might serve as a useful triage tool for clinical decision making.