Speedy Calculator

Pay Raise Calculator

Finance Updated October 25, 2026

Quick answer

The pay raise calculator works out your new pay after a raise – entered as a percentage or an amount – in hourly, weekly, monthly and annual terms, and the real raise after inflation.

$
%
Annual pay before
$ —
Annual pay after the raise
$ —
Monthly pay after
$ —
Weekly pay after
$ —
Hourly pay after
$ —
Raise in percent
— %
Real raise after inflation
— %

A raise that doesn’t keep up with inflation is a pay cut in real terms. Knowing the raise in every period helps compare offers quoted differently.

How to use the Pay Raise Calculator

  1. Current pay is
  2. Current pay
  3. Hours per week
  4. Raise given as
  5. Raise
  6. Inflation this year

Results update as you type, and every field accepts the units shown in its menu.

How it works

Choose how your current pay is quoted, enter it and the hours per week, then the raise as a percentage or an amount, and inflation.

Tips

  • Tax figures here are estimates for planning – your actual tax depends on credits, deductions and local rules.
  • Check the tax year and filing status before you rely on a result.
  • Use gross (before-tax) figures unless a field asks for take-home pay.
  • When in doubt, confirm with the tax authority’s own calculator or a tax professional.

Common mistakes to avoid

  • Confusing marginal and effective tax rates.
  • Adding sales tax to a price that already includes it.
  • Forgetting payroll taxes (Social Security and Medicare) on wages.

Inputs explained

Field What to enter
Current pay is Choose one: Hourly, Weekly, Monthly, Annual
Current pay Amount in your currency
Hours per week A number
Raise given as Choose one: Percentage, Amount (same period as pay)
Raise A number
Inflation this year In %

What each result means

  • Monthly pay after = [Annual pay after the raise]÷12
  • Weekly pay after = [Annual pay after the raise]÷52
  • Hourly pay after = [Annual pay after the raise]÷52÷[Hours per week]
  • Raise in percent = ([Annual pay after the raise]÷[Annual pay before] – 1)×100
  • Real raise after inflation = (([Annual pay after the raise]÷[Annual pay before])÷(1 + [Inflation this year]÷100) – 1)×100

Example values

How the main result changes when Current pay changes and everything else stays at the example values above:

Current pay Annual pay after the raise
30,000 31,200
45,000 46,800
60,000 62,400
75,000 78,000
90,000 93,600
120,000 124,800

Formula

New pay = current pay × (1 + raise %) or current pay + raise amountAnnual = hourly × hours per week × 52Real raise = (1 + raise) ÷ (1 + inflation) − 1

Worked example

Inputs — Current pay is: Annual; Current pay: $60,000; Hours per week: 40; Raise given as: Percentage; Raise: 4; Inflation this year: 2.7 %.
Results — Annual pay before = $60,000.00; Annual pay after the raise = $62,400.00; Monthly pay after = $5,200.00; Weekly pay after = $1,200.00; Hourly pay after = $30.00; Raise in percent = 4 %; Real raise after inflation = 1.27 %.

Frequently asked questions

What is a good pay raise?

3–5% a year is typical; more for a promotion or job change.

How do I calculate a raise percentage?

(New pay − old pay) ÷ old pay × 100.

What is a real raise?

The raise after adjusting for inflation.

What formula does the Pay Raise Calculator use?

New pay = current pay × (1 + raise %) or current pay + raise amount.

Cite this calculator

Speedy Calculator. (2026). Pay Raise Calculator. Speedy Calculator. https://speedycalculator.com/calculators/finance/pay-raise/