Calculator via Crunch Numbers
Advertisement

Salary Raise Calculator

Got a raise offer? Enter your current salary and the raise percentage to see your new salary, the dollar increase, and what lands in each paycheck.

New annual salary
$0
Annual raise amount$0
New amount per paycheck$0
Extra per paycheck (gross)$0
New hourly equivalent$0
Advertisement

How it works

New salary = current salary × (1 + raise % ÷ 100). Per-paycheck amounts divide by your pay frequency (26 for biweekly, 12 for monthly, etc.), and the hourly equivalent assumes a standard 2,080-hour work year. All figures are gross, before taxes and deductions.

These are gross figures. Your actual take-home increase will be smaller after federal, state, and FICA taxes.

Formula & worked example

Formula: Raise amount = current salary × raise %. New salary = current salary + raise amount. Gross per paycheck = new salary ÷ paychecks per year, and the hourly equivalent = new salary ÷ 2,080 hours.

Worked example: A 5% raise on $60,000 adds $3,000, for a new salary of $63,000 — that is $2,423.08 per biweekly paycheck ($115.38 more per check), or $30.29 an hour.

Frequently asked questions

What is a good raise percentage?

In the US, merit raises average 3–5% per year. Promotions or job changes often bring 10–20%. Always compare against inflation so your real pay isn't shrinking.

Should I negotiate a 3% raise?

If inflation is 3% and your raise is 3%, your purchasing power didn't change. Aim above inflation and back it up with your contributions.

Is a bonus better than a raise?

A raise compounds year after year; a one-time bonus doesn't. A $3,000 raise beats a $3,000 bonus in every future year.

💰 Make the raise work harder

See what investing the raise each month grows into with compound interest, or plan the goal it funds.

Try compound interest

Advertisement
Crunch Numbers — every calculator, freePercentages, health, dates, money & more. No signup, ever →