Pay Raise Calculator – See How Much More You'll Earn
Our pay raise calculator helps you quickly find out how much your new salary will be after a raise, whether it's a percentage increase or a fixed dollar amount. Simply enter your current pay, select your pay period, and input the raise to see your new income broken down annually, monthly, bi-weekly, weekly, and hourly. Knowing your exact numbers makes it easier to plan your budget and negotiate confidently.
Enter your current annual or periodic salary before the raise.
Select how your salary is expressed.
Enter the raise as a percentage or a fixed dollar amount, depending on your selection above.
Only used when pay period is set to Hourly.
Your results will appear here
How to Use This Calculator
1. Enter your current salary in the 'Current Salary' field. 2. Select your pay period — choose from annual, monthly, bi-weekly, weekly, or hourly. 3. Choose your raise type: either a percentage increase or a fixed dollar amount. 4. Enter the raise value in the 'Raise Amount' field. 5. If you selected 'Hourly,' enter your typical hours worked per week. 6. Click Calculate to instantly see your new salary, the dollar amount of your raise, and a full breakdown across all pay periods.
How a Pay Raise Is Calculated
A pay raise increases your salary by either a fixed dollar amount or a percentage of your current pay. Understanding both methods helps you evaluate job offers and negotiate more effectively.
Percentage-Based Raise
The most common type of raise is expressed as a percentage. The formula is:
- Raise Amount = Current Salary × (Raise % ÷ 100)
- New Salary = Current Salary + Raise Amount
For example, if you earn $50,000 per year and receive a 5% raise: Raise Amount = $50,000 × 0.05 = $2,500. New Salary = $52,500.
Fixed Amount Raise
Some employers offer a flat dollar increase rather than a percentage. In this case:
- New Salary = Current Salary + Fixed Raise Amount
For example, a $3,000 raise on a $50,000 salary results in a $53,000 new salary, which equals a 6% increase.
Converting Across Pay Periods
To compare salaries across different pay periods, we convert everything to an annual figure using standard multipliers:
- Annual: × 1
- Monthly: × 12
- Bi-Weekly: × 26
- Weekly: × 52
- Hourly: × (Hours Per Week × 52)
Why It Matters
Even a small percentage raise compounds significantly over time. A 3% annual raise on a $60,000 salary adds $1,800 per year, $150 per month, and approximately $69 per bi-weekly paycheck — money that adds up quickly over a career.