By ToolzHive
About this tool
The salary increase calculator works out your pay after a raise. Enter your current salary and the raise as a percentage, an amount or your new salary, and see the new yearly and monthly pay and the difference. Add the inflation rate to find your real raise, which shows whether your buying power actually went up.
How to use Salary Increase Calculator
- Enter your current salary and choose whether it is yearly, monthly or hourly.
- Enter the raise as a percentage, an amount or the new salary.
- Optionally, add the inflation rate to see your real raise.
Worked example
An 8% raise on a $60,000 salary gives $64,800, an extra $4,800 a year or $400 a month. With 5% inflation, the real raise is about 2.9%.
How do I calculate a raise percentage?
Subtract your old salary from the new one, divide by the old salary and multiply by 100. The calculator does this when you choose "New salary".
What is a real raise?
It is your raise adjusted for inflation. If prices rise faster than your pay, your real raise is negative even though your salary went up.
What is a typical annual raise?
It varies by country, industry and inflation. Raises that at least match inflation keep your buying power steady.
Put this guide into practice
- Salary Increase Calculator — Calculate your new salary after a raise and whether it beats inflation.