Pay Raise Calculator
Find your new salary after a raise.
See your salary and increase after a percentage raise.
How the Math Works
The Pay Raise Calculator uses a simple percentage increase formula to determine your new salary. The calculation multiplies your current salary by 1 plus the raise percentage divided by 100. For example, if you earn $50,000 and receive a 5% raise, the math works as: $50,000 × (1 + 5/100) = $50,000 × 1.05 = $52,500. This formula converts the percentage raise into a decimal multiplier, making it easy to calculate the exact increase to your earnings.
Practical Applications
To use this calculator practically, simply enter your current annual salary and the raise percentage offered by your employer. The calculator instantly computes your new total compensation, allowing you to quickly compare different raise offers or evaluate the impact of cost-of-living adjustments. You can also work backwards to determine what raise percentage you need to reach a specific salary goal, or calculate the actual dollar amount of your increase by subtracting your current salary from the result.
Day-to-Day Use
This calculator helps you make informed decisions about job offers and career negotiations. When reviewing a raise or promotion, you can immediately see how the percentage translates to your bottom line, helping you assess whether the increase meets your financial needs. It's also useful for budget planning, as you can project future income changes to adjust your expense forecasts, or compare the true value of benefits packages that include salary adjustments versus those that don't.
Worked example
$60,000 + 5% → $63,000.
FAQ
After tax?
Use Gross to Net on the new salary for take-home.