Pay raise calculator
See what a raise does to your paycheck. Enter your current pay and a percentage to get your new salary, or enter the new amount to find the percentage increase.
New salary
Figures are gross, before taxes. Per paycheck assumes you are paid every two weeks (26 checks a year). Hourly raises are shown per hour.
How to calculate a raise
A raise has two numbers that matter: the percentage and the dollar amount. To find your new pay from a percentage, multiply your current pay by the percentage to get the increase, then add it on:
New pay = current pay x (1 + raise percent / 100)
A 5% raise on a $60,000 salary is $60,000 x 0.05 = $3,000, so the new salary is $63,000. To work backward from a new amount, subtract your old pay to get the increase, divide by the old pay, and multiply by 100. Going from $60,000 to $63,000 is a $3,000 increase, which is 3,000 / 60,000, or a 5% raise.
What a raise looks like on common salaries
| Current salary | 3% raise | 5% raise | 10% raise |
|---|---|---|---|
| $40,000 | $41,200 | $42,000 | $44,000 |
| $50,000 | $51,500 | $52,500 | $55,000 |
| $60,000 | $61,800 | $63,000 | $66,000 |
| $75,000 | $77,250 | $78,750 | $82,500 |
| $100,000 | $103,000 | $105,000 | $110,000 |
New annual salary after the raise, gross.
Frequently asked questions
How do you calculate a pay raise percentage?
Divide the raise amount by your old pay, then multiply by 100. For example, a $3,000 raise on a $60,000 salary is 3,000 / 60,000 = 0.05, or a 5% raise.
How do you calculate your new salary after a raise?
Multiply your current salary by the raise percentage to get the increase, then add it to your current salary. A 5% raise on $60,000 is $3,000, giving a new salary of $63,000. You can also multiply directly: $60,000 x 1.05.
What is a good annual raise?
Typical merit raises in recent years have run around 3% to 5%, roughly in line with or slightly above inflation. A promotion or a move to a new employer often brings a larger jump. A raise below the inflation rate is effectively a pay cut in real terms.
Does this show take-home pay after taxes?
No. This calculator works with gross pay. Because of tax brackets, your take-home increase will be a bit smaller than the gross raise. To estimate the after-tax figures, use the take-home pay calculator.