Home / Raise Calculator
Raise Calculator
Got a raise, or weighing up a job offer? This raise calculator works out your new salary: put in your current salary and the raise, and see your new salary by the year, the month, and the paycheck — plus what it works out to per hour.
Example filled in: $60,000 a year with a 5% raise — that is $63,000 a year, or $30.29 an hour.
How to use this calculator
- Enter your current annual salary and your hours per week.
- Enter your raise as a percent — or, if you already know it, enter your new salary instead.
- Tap "Work out my new salary" — this salary raise calculator updates as you change any number, and shows your new salary by the year, month, and paycheck, plus your new hourly rate.
Worked example — $60,000 with a 5% raise
$60,000 a year with a 5% raise: 5% of $60,000 is $3,000, so the new salary is $63,000 a year. That is $250.00 more a month, $115.38 more every two weeks, and $57.69 more a week. At 40 hours a week, the hourly rate goes from $28.85 to $30.29 an hour. Remember that a raise is gross pay — tax takes a cut of it too, so your take-home pay rises by less than $3,000 a year. Run the new salary through the Paycheck Calculator to see what lands in your bank.
Frequently asked questions
Is a 5% raise the same as keeping up with prices?
Not always. A raise only keeps you level if it matches how much prices rose that year. If prices rose more than your raise, your pay buys less than it did, even though the number went up. If prices rose less, you are ahead.
Should I talk about the raise by the month or by the year?
By the year is how offers are usually written, and it is the number that matters for tax and for your next job. But the monthly figure is the one you will feel — in the example, $3,000 a year sounds big, and $250.00 a month is what actually shows up.
Does my take-home pay rise by the full raise?
No. A raise is gross pay, so federal tax, Social Security, Medicare and state tax all take a cut of it. On $60,000 going to $63,000 in Texas, single, paid every two weeks, take-home pay rises by less than the $115.38 gross rise a paycheck. Check it on the Paycheck Calculator with both salaries.
How much is a 5 percent raise on $60,000?
$3,000 a year — the new salary is $63,000, which is $250.00 more a month, $115.38 more every two weeks, and $57.69 more a week. At 40 hours a week the hourly rate goes from $28.85 to $30.29. Remember that a raise is gross pay, so your take-home pay rises by less than $3,000 a year.
Sources and 2026 figures. IRS Publication 15-T; IRS Rev. Proc. 2025-32. Standard deduction 2026: $16,100 single / $32,200 married filing jointly. Social Security wage base 2026: $184,500. Social Security 6.2%, Medicare 1.45% (+0.9% over $200,000). Results are estimates, not tax advice.
Estimate, not tax advice. This calculator uses simplified 2026 tables for illustration. Verify your withholding with IRS Publication 15-T and a tax professional.