Pay Raise Calculator
New salary and the dollar amount of a percentage raise.
Input sheet
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Translate a percentage raise into real money — the new salary, the dollar increase, and what it adds to each paycheck — so you can judge an offer or counteroffer at a glance.
How it works
Raise amount = current salary × raise%. New salary = current salary + raise amount.
A raise is straightforward arithmetic, but the percentage alone hides the impact. This converts the percent into an annual dollar increase and a per-month figure, which is the number that actually shows up in your budget.
Remember the result is gross. Taxes and withholding take a bite, so the take-home increase is somewhat less than the monthly figure shown here.
Raise amount = current salary × (raise% ÷ 100). New salary = current salary + raise amount. Extra per month = raise amount ÷ 12.
Worked examples
A $60,000 salary with a 5% raise. → $63,000 new salary; $3,000 raise; $250 extra per month.
$60,000 × 0.05 = $3,000 added, bringing the salary to $63,000. Spread over 12 months, that is $250 more per month before taxes.
Tips & gotchas
- Always compare your raise percentage to inflation. If inflation outpaces it, your real purchasing power fell despite the higher number.
- Negotiate on the dollar amount, not just the percent — a '5% raise' lands very differently at $50,000 versus $150,000.
- Factor in any bump to benefits, bonus targets, or retirement match, which can add value beyond the base-salary raise shown here.
- The monthly figure is pre-tax. To estimate take-home, knock off your marginal tax and withholding rate from the monthly increase.
FAQ
Is the result before or after taxes?
Before taxes. The new salary and monthly increase are gross figures; your actual paycheck increase will be lower after withholding.
How do I compare a raise to a one-time bonus?
A raise compounds — it lifts every future paycheck and becomes the base for next year's raise. A bonus is a single payment, so a modest permanent raise often outweighs a larger one-time bonus over time.
What is a 'good' raise?
It depends on your role and market, but a raise should at least beat inflation to keep your purchasing power flat. Merit raises commonly land in the low-to-mid single digits, with larger jumps for promotions.
How do I figure the percent if I only know the dollar increase?
Divide the dollar increase by your current salary and multiply by 100. For example, a $3,000 increase on $60,000 is 5%.
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