Percentage vs fixed raises
A percentage raise scales with your current salary; a fixed amount is the same dollar figure regardless. Switch the type above to compare — a “$3,000 raise” and a “5% raise” are identical only at a $60,000 salary.
Thrivelance Tools
Pay Raise Calculator
See what a raise really means. Enter your current salary and the increase as a percentage or a fixed amount to get your new salary, the size of the raise, and your new monthly and hourly pay.
Calculate your raise
Figures update as you type. Switch between a percentage and a fixed-amount raise.
New salary
$63,000
Current + raise.
Raise amount
$3,000
Extra per year.
Increase
5.0%
As a percentage.
New monthly
$5,250
New salary ÷ 12.
New hourly (40h, 52wk) $30.29
Gross, not take-home
These figures are gross. Because of tax bands, your take-home won't rise by the full percentage — though the raise itself is never taxed at a special penalty rate. Use a paycheck calculator for the net effect.
Compounding matters
Raises build on each other. A 5% raise this year followed by 5% next year is a 10.25% increase overall, not 10% — small annual bumps compound into meaningful growth over a career.
See it after tax
To turn your new salary into take-home pay, run it through a country salary tool like the US Paycheck Calculator or convert it with the Salary to Hourly Calculator.
FAQ
Common questions about this calculator.
How do I calculate a pay raise?
For a percentage raise, multiply your current salary by the percentage and divide by 100, then add it to your salary. For a fixed raise, just add the amount to your current salary.
What is a good annual raise?
Typical merit raises run about 3–5% a year. Aim to at least beat inflation, since a raise below the inflation rate is a pay cut in real terms.
Does the new salary shown include tax?
No, these are gross figures. Your take-home won't rise by the full percentage because of tax bands, though the raise itself isn't taxed at any special rate.
How do raises compound?
Each raise builds on the last. Two consecutive 5% raises total a 10.25% increase, not 10%, so steady annual raises add up over time.