Pay Raise Calculator
Calculate the impact of a pay raise on annual, monthly, and hourly earnings.
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See how this fits your bigger picture โ Get your score
Like this number? Turn it into a goal and track it monthly
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Savings Goal
How long to reach a savings goal โ or how much to save monthly to hit it by a date.
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๐ก Expert Tips
Negotiate for at least cost of living + performance: 8-15%.
Always negotiate โ most offers have room.
How to read your result
A percentage raise looks the same regardless of your starting salary, but its real impact on take-home pay depends on how the extra income interacts with your tax bracket โ a raise that pushes part of your income into a higher slab means the effective increase in take-home is somewhat less than the raw percentage suggests.
โ ๏ธ Common Mistakes
โ Assuming a raise translates to the exact same percentage increase in take-home pay.
โ Progressive tax brackets mean the marginal portion of a raise is often taxed at a higher rate than your average rate โ the take-home increase is typically a bit smaller than the gross percentage raise.
โ Not adjusting retirement contributions or other percentage-based deductions after a raise.
โ If your retirement contribution is a percentage of salary, it automatically increases with a raise โ factor this into your expected take-home change, since it's a real reduction in cash even though it's going toward your own savings.
Frequently Asked
What is a good pay raise?โพ
6-8% covers inflation. 10-15% is a meaningful increase. 20%+ is excellent.
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Compound Interest Calculator
Example 1 โ Lump sum, no contributions
A = 1,00,000 ร (1.10)^10 โ โน2,59,374 โ more than 2.5ร growth