See your new pay after a raise — enter your current pay and the raise as a percentage or a dollar amount. Get your new salary, the increase, and the percentage change instantly.
New pay after a raise
A pay raise can be expressed two ways. As a percentage: new pay = current × (1 + raise%). A 5% raise on $60,000 brings you to $63,000 — a $3,000 increase. As a fixed amount: your new pay is simply current + raise, and the percentage change is the raise divided by current pay. Knowing both helps you evaluate an offer and compare it to inflation: if your raise is below the inflation rate, your real (inflation-adjusted) pay actually fell.
This calculator works for salary or hourly pay and shows your new pay, the dollar increase, the percentage change, and the monthly increase. Use it to check that a promotion or annual review keeps pace with the cost of living, or to translate a percentage raise into real take-home dollars.
New = Current × (1 + raise%). A 5% raise on $60,000 = $63,000, a $3,000 bump.
New = Current + raise. The % change is raise ÷ current — useful for comparing flat increases.
If your raise is below the inflation rate, your real purchasing power dropped despite a higher number.
A raise is easy to compute and easy to misjudge, because the headline percentage is nominal while what you keep is real and after tax. Two adjustments matter. Inflation erodes the increase, so a 4% raise in a 3% inflation year is a 1% real gain — and a raise below inflation is a pay cut in purchasing power however it is described. Tax takes a share at your marginal rate, not your effective one, so a 22%-bracket employee keeps 78 cents of each raise dollar before state tax and FICA. Compounding works the other way and in your favour: raises apply to an already-raised base, so consistent small increases outrun occasional large ones.
New salary = Old × (1 + raise%)Real raise% ≈ ((1 + raise%) ÷ (1 + inflation%)) − 1After-tax gain = raise amount × (1 − marginal rate)where:
Assumptions: FICA continues on the increase until the Social Security wage base is reached. A raise that crosses a bracket threshold is taxed at the higher rate only on the portion above it.
Trace a typical annual increase from headline to actual purchasing power.
Result$81,120 — about $170/month more take-home, 0.97% real
The gap between "a 4% raise" and "$170 a month" is why raises often feel smaller than announced. It also shows why negotiating the starting salary matters more than any single raise: every future percentage increase compounds on that base.