Pay Raise Calculator
A 3% raise on a $60,000 salary is $1,800 a year, which brings your new salary to $61,800. This pay raise calculator works out your new pay, the dollar increase, and how much more you take home each paycheck. Enter your current pay, the raise percentage, and how many times a year you are paid.
Quick answer
A raise amount is your current pay multiplied by the raise percentage divided by 100.
What this tells you
- •A raise amount is your current pay multiplied by the raise percentage divided by 100.
- •Your new pay is your current pay plus that raise amount.
- •Dividing the annual raise by your number of paychecks shows the increase per pay period.
How to Use
- 1Enter your current pay. Use your annual salary for a yearly view or your hourly wage for an hourly one.
- 2Enter the raise as a percentage, such as 3 for a 3% raise.
- 3Set how many times a year you are paid: 12 for monthly, 24 for semi-monthly, 26 for biweekly, 52 for weekly, or 1 for an hourly rate.
- 4Calculate to see your new pay, the raise amount, and the increase per paycheck.
How It Works
Formula
Raise amount = current pay x (raise percent / 100)
New pay = current pay + raise amount
Raise per paycheck = raise amount / pay periods per year
Example: $60,000 x (3 / 100) = $1,800, then $60,000 + $1,800 = $61,800The percentage is applied to your current pay to find the dollar raise, then added back to give your new pay. Dividing the yearly raise by your number of paychecks shows how much larger each check is. The same math works for a salary or an hourly wage, and only the pay period count changes.
Calculation note: values are processed in the order shown above, using the current input units.
Worked Examples
A 3% raise on a $60,000 salary
The 3% raise adds $1,800 a year. Paid monthly, that is $150 more per paycheck, lifting each month from $5,000 to $5,150 before taxes.
A 5% raise paid biweekly
A 5% raise on $52,000 is $2,600 a year. Across 26 biweekly checks that is $100 more in each one.
New Salary After a Raise by Percentage
The dollar raise and new salary for a $60,000 base at common raise percentages. Multiply the raise amount by your own salary ratio to estimate yours.
| Raise | Raise amount on $60,000 | New salary |
|---|---|---|
| 1% | $600 | $60,600 |
| 2% | $1,200 | $61,200 |
| 3% | $1,800 | $61,800 |
| 4% | $2,400 | $62,400 |
| 5% | $3,000 | $63,000 |
| 6% | $3,600 | $63,600 |
| 7% | $4,200 | $64,200 |
| 8% | $4,800 | $64,800 |
| 10% | $6,000 | $66,000 |
| 15% | $9,000 | $69,000 |
| 20% | $12,000 | $72,000 |
Raise amount = salary x percent. These are gross figures before taxes and deductions. Use the calculator above for any salary and pay frequency.
Common mistakes
- Adding the percentage to the salary directly instead of multiplying first, for example treating a 3% raise as +3 rather than +$1,800
- Comparing a raise to inflation using gross pay, when only your after-tax increase reaches your bank account
- Confusing a percentage raise with a percentage-point change in your hourly rate
Limitations
This estimate uses the current pay and raise percentage you enter and shows gross figures only. It does not account for taxes, benefit changes, or shifts in withholding, so your take-home increase is smaller than the gross raise shown. Bonuses, cost-of-living adjustments, and mid-year raises are not modeled.