Salary Raise Calculator
What a pay raise is really worth: new salary, monthly and hourly pay.
Current Pay & Raise
New Annual Salary
$63,000
$3,000 more per year
New Annual
$63,000
New Monthly
$5,250
New Hourly
$30.29/hr
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See a raise in real monthly money, not just a percent
A 4% raise sounds small until you see it as monthly pay. This salary raise calculator converts any raise percentage - on an annual salary or an hourly rate - into the numbers you actually budget with: new annual salary, new monthly pay, new hourly equivalent, and the exact increase amount.
Negotiating? Enter the salary you want in the target field and the calculator tells you the precise raise percentage to ask for, so you walk in knowing that reaching $66,000 from $60,000 means asking for 10%, not guessing a dollar figure.
How do I calculate my salary after a raise?
Multiply your current salary by the raise percentage, divide by 100, and add it on. A 5% raise on $60,000 adds $3,000, for a new salary of $63,000 - or about $5,250 a month.
What raise percentage do I need to reach a target salary?
Subtract your current salary from the target, divide by your current salary, and multiply by 100. To go from $60,000 to $66,000 you need a 10% raise. Enter a target in the calculator and it works this out for you.