Pay Raise Calculator

Calculate your new salary after a pay raise. Enter your current salary and the raise amount or percentage to see the increase and new salary.

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How to use this tool?

How to Use the Pay Raise Calculator

  1. Enter your current salary in the "Current Salary ($)" field. Use a positive number (e.g., 50000).
  2. Choose the raise type from the dropdown:
    • Fixed Amount ($) – Enter the exact dollar increase (e.g., 5000).
    • Percentage (%) – Enter the percentage increase (e.g., 10 for 10%).
  3. Click "Calculate" to see the result. The output shows:
    • Increase – The dollar amount added to your salary.
    • New Salary – Your updated salary after the raise.
  4. Review the formula explanation below the result to understand the calculation.
  5. Use the Reset button to clear all fields and start over.

Note: All inputs must be zero or positive numbers. The calculator works with any currency (enter values without symbols).

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Frequently Asked Questions

To calculate a pay raise, add the raise amount to your current salary, or multiply your current salary by the raise percentage and add it to your current salary.

A fixed amount raise adds a specific dollar amount to your salary, while a percentage raise adds a percentage of your current salary.

This calculator is designed for annual salary. For hourly wages, convert to annual salary first (hourly rate × hours per week × 52 weeks).

Reviewed by Experts

Carlos Bicho

Carlos Bicho

Financial Advisor

Private Banker & Financial Advisor

LinkedIn
Danilson Melicio

Danilson Melicio

Financial Advisor

Financial Markets Investor

LinkedIn
Francisco Saramango

Francisco Saramango

Board Financial Advisor

Financial Management and Accounting, Financial management and accounting

LinkedIn
Juliana Mayorca

Juliana Mayorca

Financial Advisor

Board-Level Advisor

LinkedIn
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