Does the raise calculator show take-home pay?
No. It estimates gross pay before taxes and deductions. Use the take-home pay calculator for a simplified net paycheck estimate.
Raise planning
Pay Raise Calculator
Compare current and new pay to understand raise amounts and percentage changes.
Use this calculator to compare your current pay with a percentage raise and see how the increase breaks down across the year.
Raise amount
$3,120.00
New annual pay
$65,520.00
Monthly increase
$260.00
These results are educational estimates only. Actual paychecks can vary based on payroll rules, taxes, benefits, deductions, and local law.
How this calculator works
Enter your current annual pay before taxes and deductions.
Enter the raise percentage you want to model.
The calculator multiplies current pay by the raise percentage, then adds that raise amount to current pay to estimate new annual pay.
Formula
A percentage raise is calculated from your current pay, then added back to the original amount.
- Raise amount = current pay x (raise percentage / 100)
- New annual pay = current pay + raise amount
- Monthly increase = raise amount / 12
Examples
| Current pay | Raise | Raise amount | New annual pay |
|---|---|---|---|
| $50,000 | 3% | $1,500 | $51,500 |
| $62,400 | 5% | $3,120 | $65,520 |
| $80,000 | 7.5% | $6,000 | $86,000 |
When to use this calculator
- Estimating the value of a merit increase or promotion.
- Preparing for a compensation conversation.
- Comparing multiple raise percentages before negotiating.
- Understanding how a raise changes annual and monthly gross pay.
Frequently asked questions
Can I use this for hourly raises?
This page is set up for annual pay. For hourly work, convert your hourly rate to annual pay first or compare hourly rates manually.
Is a 5% raise calculated before or after taxes?
The raise amount here is before taxes. Your paycheck increase may be lower after withholding and deductions.
Why does monthly increase divide by 12?
Monthly increase spreads the annual raise amount evenly across twelve months for a simple planning estimate.
Can this compare a raise to a new job offer?
Yes. Use the new annual pay result as one comparison point, then compare benefits, hours, commute, and take-home pay separately.
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Take-Home Pay Calculator
Start planning estimated net pay after common deductions and withholdings.