Pay raise calculator
Pay Raise Calculator 2026
Estimate a pay raise by percentage or fixed amount across annual, monthly, biweekly, weekly, and hourly pay, with simple, compound, and inflation-adjusted scenarios.
Quick answer
A $75,000 salary with a 5% raise becomes $78,750 in gross annual pay. A repeated 5% compound scenario reaches $95,721 after five years before taxes; at 3% inflation, its approximate purchasing-power value is $82,570.
Formula and assumptions
Percentage raise = current annualized pay x raise rate. Fixed raise is converted from the selected annual, monthly, biweekly, weekly, or hourly basis. Simple accumulation repeats the first-year increase; compound growth applies the rate to the prior year's pay. Taxes, benefits, promotions, and performance changes are excluded.
Common questions
How does a percentage raise work?
A percentage raise multiplies current annualized pay by 1 plus the raise percentage. The calculator also shows a separate compound scenario for repeated annual increases.
How does a fixed raise work?
A fixed raise adds the amount in the selected pay basis and converts it to an annual amount for comparison.
What is the difference between simple and compound raises?
Simple accumulation repeats the first-year increase. Compound growth applies the raise rate to the prior year's pay.
Does this calculate take-home pay?
No. It estimates gross pay before taxes, benefits, and payroll deductions.
What does inflation-adjusted pay mean?
It discounts future compound pay by the entered inflation assumption to show approximate purchasing power.