Introduction
A raise changes how much money you take home, but it can be hard to see the full picture. This raise calculator shows you exactly what your new salary will be after a pay increase. Enter your current pay, pick your pay period, and type in your raise percentage. The tool does the math for you right away.
You will see your new pay broken down by hour, week, and month. You will also see how your salary grows over time if you keep getting the same raise each year. This helps you plan your budget, compare job offers, or understand what a promotion means for your income. You can even enter a negative percentage to see how a pay cut would affect your earnings.
How to Use Our Raise Calculator
Enter your current pay and raise percentage to see your new salary. The calculator shows your updated pay across all pay periods, a year-by-year growth table, and a salary projection chart.
Current Pay: Type in the amount of money you earn right now. This should match the pay period you pick in the next field. If you need help converting between pay formats, try our Salary Calculator or Hourly to Salary Calculator.
Pay Period: Choose how often you get paid. Options include hourly, weekly, bi-weekly, semi-monthly, monthly, or yearly. The calculator converts your pay to all other periods automatically.
Hours Per Week: Enter how many hours you work each week. This is most important if you selected hourly as your pay period. The default is 40 hours. If you regularly work extra hours, our Overtime Calculator can help you figure out your overtime pay separately.
Raise Percentage: Enter the percentage of your raise. For example, type 5 for a 5% raise. You can also enter a negative number, like -3, to see the effect of a pay cut. Our Percentage Calculator can help if you need to work out the percentage from two dollar amounts.
Years to Project: Enter the number of years you want to look ahead. The calculator will show how your salary grows if you get the same raise each year. You can pick any number from 1 to 50.
Click Calculate to see your results. Click Reset to go back to the default values.
What Is a Raise Calculator?
A raise calculator helps you find out how much money you will earn after getting a pay increase. You enter your current pay and the raise percentage your employer offered, and the tool does the math for you. It shows your new salary across every pay period — hourly, weekly, bi-weekly, semi-monthly, monthly, and yearly — so you can see exactly how the raise changes each paycheck. If you want to see your full annual income including other sources, or figure out your take-home pay after taxes, we have tools for that too.
How Does a Pay Raise Work?
A pay raise is when your employer increases your pay by a set percentage. For example, if you earn $50,000 a year and get a 5% raise, your new salary is $52,500. The raise amount is $2,500 per year. Your employer multiplies your current pay by the raise percentage to get the dollar increase, then adds it to your base pay. You can use a Percentage Increase Calculator to verify the math, or our Salary to Hourly Calculator to see what that new annual figure works out to per hour.
What Is the Average Raise?
Most workers in the United States receive a raise between 3% and 5% per year. A raise above 5% is considered strong. Promotions often come with raises of 10% or more. If your raise is lower than the current rate of inflation, your buying power goes down even though your paycheck goes up. Use our Inflation Calculator to compare your raise to inflation each year and see whether your real income is growing or shrinking. A Cost of Living Calculator can also help you understand how far your new salary goes in different areas.
Why Raises Grow Over Time
Raises compound, which means each new raise builds on top of the last one. If you get a 4% raise every year for 10 years, you do not just earn 40% more. You earn about 48% more because each raise applies to a slightly higher salary. This is the same concept behind compound interest — small, repeated growth leads to surprisingly large gains over time. The projection table in this calculator shows you exactly how this compounding works year by year so you can plan ahead. You can also explore the Future Value Calculator to project investment growth alongside your rising income.
Pay Raise vs. Pay Cut
This tool also works with negative percentages. If your pay is being reduced, enter a negative number in the raise field. The calculator will show you how the pay cut affects your income across all pay periods and over multiple years. This can help you understand the full impact before you make any decisions. Our Percent Change Calculator is another useful tool for comparing old and new pay amounts when you want to express the difference as a percentage.