This salary increase calculator shows what a raise really adds to your pay. Enter your current salary and a percentage, a fixed amount, or the new salary you are aiming for, and get the new pay per year, month, week and hour.
Add it to see whether your raise keeps up with rising prices.
Hours per week are used to convert between hourly and yearly pay. Nothing you type leaves your browser.
Take back control of your budget in 30 days, without deprivation and without jargon — 108 pages, 4 printable sheets, 30 guided days.
If the same raise repeats every year:
| Year | Yearly pay | Extra vs today |
|---|
A raise is a percentage of your current pay added on top of it. The calculator multiplies your pay by 1 + raise % / 100, then shows the difference per year, per month, per week and per hour. If you know the raise in money rather than percent, such as +2 an hour, use the “By amount” tab. If you already know the pay you want, use the “To a new salary” tab. Both work out the percentage for you by dividing the increase by your current pay.
Hourly pay is converted with your hours per week (40 by default) and 52 weeks a year. All figures are gross pay, before tax.
On a pay of 50,000 a year:
| Raise | New yearly pay | Extra per year |
|---|---|---|
| 2% | 51,000 | 1,000 |
| 3% | 51,500 | 1,500 |
| 5% | 52,500 | 2,500 |
| 10% | 55,000 | 5,000 |
| 15% | 57,500 | 7,500 |
| 20% | 60,000 | 10,000 |
At 40 hours a week, 52 weeks a year:
| Hourly pay | Weekly | Yearly |
|---|---|---|
| 15 | 600 | 31,200 |
| 20 | 800 | 41,600 |
| 25 | 1,000 | 52,000 |
| 30 | 1,200 | 62,400 |
| 40 | 1,600 | 83,200 |
There is no single right number: it depends on your country, your industry, your results and the year. Yearly cost-of-living style raises are usually smaller than the increase that comes with a promotion, a new role or a new employer. Before you ask, check what people in a similar job are paid, write down what you delivered over the past year, and choose a figure you can explain in one sentence.
A raise compounds. A 5% raise that repeats every year turns 50,000 into about 63,800 in five years, and the table under the result shows that for your own numbers. Asking once, clearly, usually costs less than staying silent for years.
Once the raise lands, the next question is what to do with it — Your Money, Your Rules is a 30-day plan to take back control of your budget, without deprivation and without jargon.
Multiply your current pay by the raise percentage divided by 100, then add the result to your pay. A 5% raise on 50,000 is 50,000 x 0.05 = 2,500, so the new pay is 52,500.
Subtract the old pay from the new pay, divide by the old pay, and multiply by 100. Going from 50,000 to 56,000 is (56,000 - 50,000) / 50,000 x 100 = 12%.
A 5% raise on 50,000 adds 2,500 a year, which brings the pay to 52,500. That is about 208 more a month and about 48 more a week.
A 3% raise on 60,000 adds 1,800 a year, which brings the pay to 61,800.
Multiply the hourly rate by the hours you work each week, then by 52 weeks. At 25 an hour and 40 hours a week, that is 25 x 40 x 52 = 52,000 a year.
Choose 'By amount' and enter the raise in the same period as your pay, for example +2 per hour. The calculator shows the new pay and the percentage. On 25 an hour, +2 is an 8% raise.
Enter the inflation rate in the optional field. The calculator divides your raise by inflation: a 5% raise with 3% inflation leaves you with about 1.94% more buying power.
No — this salary increase calculator shows gross pay, before tax and other deductions. Tax rules are different in the USA, the UK, Canada, Australia and the euro area, so your take-home pay will be lower than the figures shown.
No. Everything is calculated in your browser. Nothing you type is sent or saved.
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