Pay Raise Calculator
Estimate your new pay after a raise — see weekly, monthly and annual results.
Pay before raise
Raise
Pay after raise
References
e.g. Use this calculator to find your new salary after a percentage or fixed raise. Currency: USD.
Use this Pay Raise Calculator to estimate how a percentage or fixed raise changes your gross weekly, monthly, and annual pay. You can start with hourly, weekly, monthly, or annual earnings.
Important: The calculator estimates gross pay before taxes, payroll deductions, benefits, overtime, bonuses, and other compensation.
Pay Raise Calculation
For a percentage raise:
Raise amount = current pay × raise percentage ÷ 100
New pay = current pay + raise amount
For a fixed raise:
New pay = current pay + fixed raise amount
Pay Period Conversions
If you enter an hourly wage:
Weekly pay = hourly rate × hours per week
The calculator then uses:
Annual pay = weekly pay × 52
Monthly pay = annual pay ÷ 12
For a fixed monthly raise:
Annual raise = monthly raise × 12
For a fixed weekly raise:
Annual raise = weekly raise × 52
Worked Example
Suppose your current annual salary is $48,000 and you receive a 5% raise.
Raise amount:
$48,000 × 5% = $2,400
New annual pay:
$48,000 + $2,400 = $50,400
Average monthly pay:
$50,400 ÷ 12 = $4,200
Average weekly pay:
$50,400 ÷ 52 ≈ $969.23
The 5% raise therefore increases gross annual pay by $2,400, from $48,000 to $50,400.
Important Notes
- The calculator shows gross pay rather than take-home pay.
- Weekly-to-annual calculations assume 52 weeks per year.
- Monthly pay is an annual average divided by 12 and may not equal an individual paycheck.
- Hourly calculations assume the number of working hours you enter remains consistent.
- The calculator does not automatically calculate overtime. Qualifying overtime may require a different pay rate.
- Bonuses, commissions, tips, shift premiums, unpaid leave, benefits, retirement contributions, and other compensation are not automatically included.
- A raise in gross pay does not produce an identical increase in take-home pay because taxes and payroll deductions may also change.
- For exact net-pay changes, review your payroll information and applicable tax withholding.