Finance
Pay Raise Calculator
Calculate your new salary or hourly wage after a raise. Enter a percentage, a flat dollar amount, or a target pay. See the bump per week, biweekly, month, and year.
Pay raise details
Apply a percentage raise to your current pay (e.g. a 5% bump).
Used to convert between hourly and salary figures. Default 40.
Enter the percentage bump (e.g. 5 for a 5% raise). Use a negative number for a pay cut.
New pay after raise
$52,500.00per year
That is an increase of $2,500.00 per year (5.0%).
New pay across frequencies
- Hourly
- $25.24
- Weekly
- $1,009.62
- Biweekly
- $2,019.23
- Monthly
- $4,375.00
- Annual
- $52,500.00
Old pay across frequencies
- Hourly
- $24.04
- Weekly
- $961.54
- Biweekly
- $1,923.08
- Monthly
- $4,166.67
- Annual
- $50,000.00
Extra per week
$48.08
Extra per biweekly
$96.15
Extra per month
$208.33
Extra per year
$2,500.00
Frequently Asked Questions about the Pay Raise Calculator
How is the new pay calculated from a percent raise?
Multiply your current pay by (1 + raise percent / 100). A 5% raise on $50,000 is $50,000 * 1.05 = $52,500 per year, or +$2,500 annually. The same percent applies whether you enter pay as hourly, weekly, monthly, or annual.
How do you convert hourly to annual pay?
The calculator multiplies hourly pay by hours per week and 52 weeks per year. At $25 per hour and 40 hours per week, that is $25 * 40 * 52 = $52,000 per year. Change hours per week if you work part-time or overtime to keep the conversion accurate.
What raise percent do I need to hit a target salary?
Switch to the To target mode and enter your desired new pay. The calculator computes the raise percent and dollar amount needed. For example, going from $50,000 to $60,000 requires a 20% raise, or +$10,000 per year.
Why are weekly and biweekly raise amounts different?
There are 52 weekly paychecks per year and 26 biweekly paychecks. A $5,200 annual raise is $100 per week but $200 per biweekly check. The calculator uses these standard period counts so the numbers add up to the same annual total.
Does this account for taxes or deductions?
No. The result is gross pay. Your take-home raise will be smaller after federal, state, and FICA taxes, plus benefits like 401(k) contributions and health insurance. As a rough rule, expect to keep 60% to 75% of a gross raise depending on your tax bracket and state.