Salary Increase Calculator
Work out your new salary after a raise in percent or as an amount — or find the percentage raise between your old and new pay.
About this tool
Enter your current pay per year or per month, then the raise as a percentage, as an amount or as your new salary. The calculator shows your new pay, how much more you get per month and per year, the raise in percent, and your real increase once inflation is taken into account.
Frequently asked questions
Subtract the old salary from the new one, divide by the old salary and multiply by 100. Going from 50,000 to 52,000 is 2,000 ÷ 50,000 × 100 = a 4% raise.
Multiply your salary by 1 plus the raise written as a decimal. A 4% raise on 50,000 is 50,000 × 1.04 = 52,000 a year — 2,000 more a year, or 166.67 more a month before tax.
It is your raise after inflation: (1 + raise) ÷ (1 + inflation) − 1. A 4% raise in a year with 3% inflation is 1.04 ÷ 1.03 − 1 = a real increase of 0.97%. If prices rise faster than your pay, your real pay falls even though the number on your payslip goes up.
Not exactly — they compound, because the second raise is calculated on the already raised salary. A 3% raise followed by a 4% raise is 1.03 × 1.04 = 1.0712, so 7.12% in total, not 7%. On 50,000 that is 53,560 rather than 53,500.
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