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Pay Raise Calculator

See what a raise really means for your paycheck. Enter your current pay for any period and the raise as a percent, a fixed amount or your new pay. You get the new annual salary, the raise percentage, hourly, weekly and monthly equivalents, and your real raise after inflation.

$
Raise given as
%
$

In the same pay period as your current pay.

$

In the same pay period as your current pay.

hrs

Used to convert between hourly and salary.

%

Shows your real raise after inflation. Leave 0 to skip.

Enter your values to see the result.
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How to use the Pay Raise Calculator

  1. Enter your current pay and how often it is quoted (per year, per hour, per month…).
  2. Choose how your raise is given: as a percent, as an amount, or by typing your new pay.
  3. Set your hours per week so hourly and salary figures convert correctly.
  4. Optionally enter inflation to see whether your buying power really grows.
  5. Read your new salary and compare every pay period in the table.

Frequently asked questions

How do I calculate a raise percentage?

Raise % = (new pay − old pay) ÷ old pay × 100. Going from $60,000 to $63,000 is (63,000 − 60,000) ÷ 60,000 = 5%.

How do I calculate my new salary from a percent raise?

Multiply your current pay by 1 plus the raise as a decimal. A 4% raise on $55,000 is 55,000 × 1.04 = $57,200.

How much is a 3% raise?

A 3% raise adds $3 for every $100 you earn. On a $50,000 salary that is $1,500 a year, or $125 a month. On $20 an hour it is $0.60 more per hour.

How do I convert an hourly raise to a yearly salary?

Multiply the hourly amount by your weekly hours and by 52. A $2 per hour raise at 40 hours a week adds 2 × 40 × 52 = $4,160 a year.

What is a real raise?

A real raise adjusts for inflation: (1 + raise) ÷ (1 + inflation) − 1. A 5% raise with 3% inflation is a real raise of about 1.94%. If inflation is higher than your raise, your buying power falls.

Does this include taxes?

No. All figures are gross pay before taxes and deductions. Your take-home increase will be smaller than the gross raise.

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