Raise formula
New salary = current salary × (1 + raise ÷ 100)
A raise compounds: next year's percentage applies to the higher number. Four years of 4% raises lift a $60,000 salary to about $70,190, not $69,600.
Raise calculator
Turn a percentage into what changes on every paycheck, before and after tax.
Your raiseSingle filer, federal tax
New salary
$62,400
+$2,400 a year
| More per month (gross) | $200.00 |
|---|---|
| More every two weeks (gross) | $92.31 |
| You keep per year after tax | $1,928 |
Frequently asked questions
How do I calculate a percentage raise?
Multiply your current salary by the raise percentage and add it on: $60,000 × 4% = $2,400, for a new salary of $62,400.
What is a typical raise?
Annual merit raises commonly fall around 3% to 5%. Changing employers or getting promoted often brings a larger jump.
How much of my raise do I keep?
The extra dollars are taxed at your top (marginal) rate plus 7.65% for Social Security and Medicare, so you keep somewhat less than the headline number. This calculator shows both.