- Enter the requested amounts and assumptions.
- Keep time periods and units consistent.
- Review the main result and the supporting comparisons.
- Change one input at a time to test alternatives.
Pay Raise Calculator
Measure a proposed pay raise in dollars and percent, then translate it into monthly, hourly, multi-year, and inflation-adjusted terms.
Your inputs
$
$
$
years
hours
%
Result
—
Annual compensation increase
Raise percentage—
Monthly increase—
Hourly increase—
Increase across comparison—
Raise above inflation—
Annual increase = new pay + new bonus − current pay. Raise percentage = annual increase ÷ current pay × 100.
What the result means
The main result summarizes the calculation using the values currently shown above. Supporting figures expose the most useful tradeoffs instead of hiding them in one total.
Taxes, benefit changes, and future raises are not included.
Moving from $60,000 to $66,000 produces a $6,000 annual increase, a 10% raise, or $500 more per month before deductions.
What should I enter in the Pay Raise Calculator?
Use figures from the same time period and keep every monetary amount in the same currency.
Does this tool include taxes?
No. Results are planning estimates before taxes unless an input explicitly accounts for them.
Can I use a currency other than dollars?
Yes. The arithmetic is currency-neutral; treat the dollar symbol as your chosen currency and stay consistent.
Why might my real result differ?
Taxes, benefit changes, and future raises are not included. Rounding and changing future inputs can also affect the outcome.
How often should I update the estimate?
Recalculate whenever a major input changes so the comparison remains useful.