What is Pay Raise Calculator: Future Salary Projection?
How it Works
Step-by-Step Guide
1. Current Pay
Enter your gross annual salary.
2. Raise Type
Select Percentage (%) or Flat Amount ($).
3. Input Value
Enter the raise value (e.g. 5 or 5000).
4. Visualize
See the increase per paycheck.
Example
Input: $50,000 Salary, 5% Raise
Result: $52,500 New Salary (+$48/week)
FAQ
What is the average annual raise?
Merit increases typically range from 3% to 5%. Promotions often see 10% to 20% jumps.
Does this account for inflation?
No. If your raise percentage is lower than the inflation rate, your purchasing power effectively decreases.
Is the increase gross or net?
This calculator shows Gross Income increases. Taxes will take a portion of the raise.
How often do raises happen?
Usually annually during performance reviews, though some companies do mid-year adjustments.
Difference between bonus and raise?
A bonus is a one-time payment; a raise is a permanent increase to your base salary.
Conclusion
Even small percentage raises compound significantly over a career. A 5% raise today increases the baseline for every future raise you receive. Use this tool to verify payroll changes or to prepare data for salary negotiations.