Salary Raise Calculator

See your new salary after a raise, plus the extra pay per year and per month.

Raise percentage New salary

Current Annual Salary ($)

Raise (%)

Salary Raise Formula

New salary = Current salary x (1 + Raise % / 100)

Worked example: a $60,000 salary with a 5% raise gives a new salary of $60,000 x 1.05 = $63,000. The annual increase is $63,000 - $60,000 = $3,000. The monthly increase is $3,000 / 12 = $250, so the new monthly salary is $60,000 / 12 + $250 = $5,250.

Frequently Asked Questions

A salary raise calculator works out your new pay after a raise. Enter your current salary and the raise percentage, or your new salary, and it shows the annual increase, the monthly increase, and your new monthly pay.

Multiply $60,000 by 1.05. The new salary is $63,000, the annual increase is $3,000, and the monthly increase is $250. Your new monthly salary is $5,250.

New salary = current salary x (1 + raise percent / 100). The annual increase is the new salary minus the current salary. Divide the annual increase by 12 for the monthly increase.

Yes. Choose the new salary option, enter your current salary and the new salary, and the tool works out the raise percentage and the increase for you.

Yes, if your salary is paid in 12 equal monthly payments. Divide the annual increase by 12 to get the extra pay per month before tax.

The result is your gross pay before tax. Your take home pay depends on your tax rate, so the after tax increase will be smaller.

Most annual raises fall between 2% and 5%. A raise above 5% usually comes with a promotion, a new role, or a move to a new employer.

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