CalcDuck

Pay Raise Calculator

Pay Raise Calculator

What do you know?
$
%
Raise percentage
5%
New pay per period
$2,100.00
Increase per period
$100.00
New annual pay
$54,600.00
Annual increase
$2,600.00

A 5% raise on $2,000 in biweekly pay brings it to $2,100, a $100 increase per paycheck. Over a year of 26 biweekly paychecks, that is an extra $2,600 in gross pay. The same calculation runs in reverse: enter the new pay amount instead of the percentage to find out what raise it represents.

Tip: “Copy with settings” shares a link that opens this calculator with your numbers already filled in.

How this calculator works

This calculator works out a pay raise from either direction. If you know the percentage you were offered, it shows the new pay per paycheck and per year. If you only know the new pay figure, it works backward to tell you what percentage raise that represents.

Choose your pay period (weekly, biweekly, semimonthly, monthly or annual) so the per-paycheck and annual figures line up with how you are actually paid. Biweekly (every two weeks, 26 paychecks a year) and semimonthly (twice a month, 24 paychecks a year) are easy to mix up, so double-check which one your employer uses.

The formula

New pay = Current pay × (1 + Raise % ÷ 100)Raise % = (New pay − Current pay) ÷ Current pay × 100Annual figures = Per-period figures × Pay periods per year

Worked example: 5% raise on $2,000 biweekly pay

  1. Current pay $2,000 per biweekly paycheck, 5% raise, 26 paychecks a year.
  2. New pay = 2,000 × 1.05 = $2,100 per paycheck; increase = $100 per paycheck.
  3. Annual current pay = 2,000 × 26 = $52,000; annual new pay = 2,100 × 26 = $54,600.
  4. Annual increase = 100 × 26 = $2,600.

Frequently asked questions

How do I find my raise percentage if I only know the new number?

Switch to the "new pay" mode and enter your current and new pay per paycheck. The calculator divides the increase by your current pay to get the percentage.

What is a typical annual raise?

It varies widely by employer, role, performance, and economic conditions, so there is no single "typical" number to rely on. Compare any offer against your own cost-of-living and market-rate research rather than a rule of thumb.

Does the raise percentage change if I switch pay periods?

No. The raise percentage is the same regardless of pay period since it is a ratio of new to current pay. Only the dollar amounts per period and per year change with the period you select.

Can I use this for a pay cut?

Yes. Enter a negative percentage, or a new pay amount lower than the current pay, and the calculator shows the negative increase and percentage the same way.

Does the raise amount shown account for taxes?

No — every figure here is the gross, pre-tax raise amount, calculated directly from your entered pay and percentage. Since tax withholding depends on your tax bracket and filing status, your actual take-home increase will be smaller than the gross per-paycheck and annual figures shown.

Sources

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