Pay Raise Calculator

Your details

The pay period your current pay is quoted in. Everything is converted automatically.
Your current pay in the period selected above.
Pick how you know the raise. The calculator solves for whatever is missing.
%
Compare the raise against annual inflation to see its real (after-inflation) value.
Currency
New pay (same period)
$63,000.00
Raise percentage5%
Raise (same period)$3,000.00
New annual pay$63,000.00
New monthly pay$5,250.00
Annual raise amount$3,000.00
New annual pay$63,000.00
Annual raise$3,000.00

Your new pay is 63,000 a year, a 5% raise.

  • A 5% raise adds about 3,000 a year, or 250 more each month before tax.
  • These figures are gross pay. Your take-home increase will be smaller after income tax and payroll deductions, because part of a raise can fall into a higher tax bracket.
  • If annual inflation runs higher than your raise, your real spending power can still fall even though your paycheck is larger.

Next stepTurn on the inflation check to see whether your buying power is really growing.

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