Calculate the increase
Current pay × Raise % = IncreaseConvert the percentage to a decimal first. For a 10% raise, use 0.10.
Enter your pay details
Choose how you want to calculate your raise.
Quick raise
Work assumptions
Your raise breakdown
See the impact across every pay period.
Your new pay
$55,000.00
| Period | Current | New | Increase |
|---|---|---|---|
| Annual | $50,000.00 | $55,000.00 | +$5,000.00 |
| Monthly | $4,166.67 | $4,583.33 | +$416.67 |
| Biweekly | $1,923.08 | $2,115.38 | +$192.31 |
| Weekly | $961.54 | $1,057.69 | +$96.15 |
| Hourly | $24.04 | $26.44 | +$2.40 |
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The formula
How to calculate a pay raise
A pay raise calculator converts your current pay into an annual amount, applies the increase, then converts the result back into the pay periods that matter to you.
Find your new pay
Current pay + Increase = New payOr multiply your current pay by 1 plus the raise percentage.
Reverse the calculation
(New − Current) ÷ Current × 100Use this formula to find the raise percentage needed for a target salary.
Worked example
What does a 10% raise look like?
For a current annual salary of $50,000, a 10% raise adds $5,000 per year. The new annual salary is $55,000.
- New annual salary
- $55,000.00
- Annual increase
- $5,000.00
- Monthly increase
- $416.67
Questions answered
Pay raise calculator FAQ
How do I calculate a pay raise?
Multiply your current pay by the raise percentage, then add that increase to your current pay. A 10% raise on $50,000 adds $5,000, making your new annual salary $55,000.
How do I calculate salary increase percentage?
Subtract your old salary from your new salary, divide the difference by your old salary, then multiply by 100. Moving from $50,000 to $55,000 is a 10% increase.
What is a 5% raise?
A 5% raise adds five dollars for every one hundred dollars of current pay. On a $60,000 salary, that is $3,000 more per year and a new salary of $63,000.
How much is a 10% raise?
Divide your current pay by 10 to find a 10% raise. For example, a 10% raise on $24 per hour adds $2.40, producing a new rate of $26.40 per hour.
How do I calculate my new hourly rate after a raise?
Multiply your hourly rate by one plus the raise percentage as a decimal. For a 7% raise on $20 per hour, calculate $20 × 1.07 to get $21.40 per hour.