Career calculator
Raise Calculator
See exactly how much more you'll earn after a raise.
New annual salary
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How to calculate a pay raise
To calculate a pay raise, multiply your current annual salary by the raise percentage expressed as a decimal. Add that amount to your current salary to find your new annual salary.
Pay raise formula
Example: What is a 5% raise on $60,000?
A 5% raise on a $60,000 annual salary is $3,000. That increases the annual salary to $63,000.
The $3,000 annual increase is approximately $250 per month, $115 per biweekly paycheck, or $58 per week before taxes.
Frequently asked questions
How much is a 3% raise?
Multiply your current salary by 0.03. For example, a 3% raise on $50,000 is $1,500, resulting in a new annual salary of $51,500.
How much is a 5% raise?
Multiply your current salary by 0.05. A 5% raise on $60,000, for example, adds $3,000 per year.
Does this calculator show pay before or after taxes?
Calquo calculates gross pay before taxes, deductions, benefits, and other withholdings.