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Raise Calculator

Enter your current salary or hourly rate and your raise as a percentage or a new amount. The raise calculator shows your new pay, what the raise adds per year, month, paycheck, week, and hour, and how repeated raises compound.

Runs in your browserFree, no signupFormula shown below
Your current pay is
The raise is
Enter a negative number for a pay cut.
Used to convert between hourly and annual.

New annual salary

$57,200.00

Up 4%, +$2,200.00 a year.

What the raise adds
Per year$2,200.00
Per month$183.33
Per biweekly paycheck$84.62
Per week$42.31
Per hour$1.06
New annual pay$57,200.00

Gross pay before taxes and deductions.

Annual pay with a 4% raise every year
Annual pay with a 4% raise every year
Now$55,000 (Current pay: 55000)
Year 1$57,200 (Current pay: 55000, Added by raises: 2200)
Year 2$59,488 (Current pay: 55000, Added by raises: 4488)
Year 3$61,867 (Current pay: 55000, Added by raises: 6867.519999999997)
Year 4$64,342 (Current pay: 55000, Added by raises: 9342.220000000001)
Year 5$66,915 (Current pay: 55000, Added by raises: 11915.910000000003)

Raise Calculator, printed from employeecalculators.com/raise-calculator/. Estimates of gross amounts before taxes and deductions, based on the values entered; not payroll or legal advice.

How the raise calculator works

Choose whether your pay is an annual salary or an hourly rate, then enter the raise as a percentage or as your new pay. Hourly figures are converted to annual pay with your weekly hours and 52 weeks. The projection repeats the same percentage each year so you can see how raises compound. For more context, read how to calculate a raise, or compare the new rate with the hourly to salary calculator.

Raise formulas

New pay = current pay × (1 + raise % ÷ 100)
Raise % = (new pay − current pay) ÷ current pay × 100
Pay after n yearly raises = current pay × (1 + raise % ÷ 100)ⁿ

Worked examples

A 4% raise on $55,000

  1. $55,000 × 1.04 = $57,200.00.
  2. Increase: $2,200.00 a year, $183.33 a month.

From $22.00 to $23.50 an hour

  1. (23.50 − 22.00) ÷ 22.00 × 100 = 6.82%.
  2. At 40 hours a week: $1.50 × 2,080 = $3,120.00 more a year.

Raise table

New annual salary after common raises.

Current salary2% raise3% raise4% raise5% raise10% raise
$40,000$40,800$41,200$41,600$42,000$44,000
$50,000$51,000$51,500$52,000$52,500$55,000
$60,000$61,200$61,800$62,400$63,000$66,000
$75,000$76,500$77,250$78,000$78,750$82,500
$100,000$102,000$103,000$104,000$105,000$110,000

Frequently asked questions

How do I calculate a raise percentage?

Subtract your old pay from your new pay, divide by your old pay, and multiply by 100. Going from $22.00 to $23.50 an hour is (23.50 − 22.00) ÷ 22.00 × 100 = 6.82%.

How much is a 3% raise on $50,000?

$50,000 × 0.03 = $1,500 a year, so the new salary is $51,500. That is $125 a month or about $57.69 per biweekly paycheck before taxes.

Is a raise the same every year if I get the same percentage?

No. Each raise applies to your new, higher pay, so the dollar amount grows. Five 3% raises on $55,000 take you to $63,760.07, not $63,250.

Does a raise change my take-home pay by the same amount?

Not exactly. The raise is gross pay. Your take-home pay rises by less because taxes and some deductions grow with your pay.

How do I convert an hourly raise to a yearly amount?

Multiply the hourly increase by your hours per week and by 52. A $1.50 raise at 40 hours a week is $1.50 × 40 × 52 = $3,120 a year.

Related guides

How to Calculate a RaiseWork out a raise as a percentage or a dollar amount, convert it to monthly and paycheck terms, and see how raises compound over the years. With examples.How Bonuses Are CalculatedHow bonus targets, performance payouts, and proration combine, why bonus checks look smaller, and when bonuses count toward overtime. With a worked example.
Hourly to Salary CalculatorTurn an hourly rate into weekly, biweekly, monthly, and annual pay.Salary to Hourly CalculatorFind the hourly rate behind an annual salary for your real schedule.Bonus CalculatorEstimate a bonus from a target percentage or amount, performance, and months eligible.Gross Pay CalculatorGross pay for a pay period from hours or salary, overtime, tips, bonuses, and other earnings.

How this calculator was built. The formula, defaults, and edge cases are documented in a research record and covered by automated tests. It estimates gross amounts from your inputs; it does not determine legal entitlements, taxes, or take-home pay. Read our methodology and disclaimer.

Last updated:

Sources