Salary Increase Calculator

How this salary increase calculator works

Enter your current annual salary, the raise you expect each year as a percentage, and how many years to project. The calculator applies the same percentage raise once a year, so each raise is figured on the salary after the previous raise, not on your starting pay.

Use it as a salary raise calculator for a single expected raise or as a pay increase calculator for steady yearly raises over a career.

Salary in year n = current salary × (1 + raise ÷ 100)ⁿ

Year 0 in the table is your salary today. A $72,000 salary with a 3.5% raise every year becomes $74,520 in year 1, $77,128.20 in year 2, and $94,810.25 by year 8, a total raise of $22,810.25.

Pay raise by pay period: weekly, biweekly, and monthly

For every year, the table splits the annual salary into the pay periods employers commonly use: 52 weekly paychecks, 26 biweekly paychecks, 24 semimonthly paychecks, 12 monthly paychecks, 6 paychecks every two months, and 4 quarterly payments. The average row is the mean of every year in the table, including year 0, so it shows what you would earn per period on average over the whole stretch.

All amounts are gross pay. Your take-home paycheck will be smaller after federal and state income tax, Social Security, Medicare, and any benefit deductions.

Frequently asked questions

How much is a 3% raise?

Multiply your salary by 0.03. On a $60,000 salary a 3% raise is $1,800 a year, bringing pay to $61,800. That works out to $150 more per month, or about $69.23 more per biweekly paycheck.

How do you calculate a salary increase?

New salary = current salary × (1 + raise percentage ÷ 100). For raises that repeat every year, raise the growth factor to the number of years: a 4% raise for 5 years multiplies pay by 1.04⁵ ≈ 1.2167, a 21.67% increase rather than 20%.

How do I calculate a salary increase percentage?

Subtract your old salary from your new salary, divide by the old salary, and multiply by 100. Going from $55,000 to $58,300 is ($58,300 − $55,000) ÷ $55,000 × 100 = 6%.

Does a pay raise calculator account for taxes?

No. This calculator shows gross pay. A raise can also move part of your income into a higher federal tax bracket, but only the dollars above the bracket threshold are taxed at the higher rate, so moving into a higher bracket alone never lowers your take-home pay.

Can I model a pay cut?

Yes. Enter a negative yearly raise, such as −2, and the calculator lowers the salary by that percentage each year.

Limitations

The projection assumes the same raise every year and no promotions, job changes, bonuses, or unpaid time off. It treats a year as exactly 52 weeks, so a year with 27 biweekly paydays or 53 weekly paydays is not reflected. It is an estimate, not a salary offer or tax advice.