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Pay Raise Calculator

See your new hourly or annual pay after a raise, the extra per paycheck, and the raise over several years.

Enter values

Results update as you type.

Result

New pay per hour

$22.88

Extra per year
$1,830.40
Extra per bi-weekly paycheck
$70.40
Pay after 5 yearly raises
$26.77

About the Pay Raise Calculator

See your new hourly or annual pay after a raise, the extra per paycheck, and the raise over several years.

Also known as: raise calculator, pay increase, wage increase calculator.

How to use this calculator

  1. Enter current pay, per, raise, project for years.
  2. The result updates instantly as you type — press Calculate (or Enter) at any time.
  3. Review the breakdown shown under the main result.
  4. Use Copy result or Share to save the answer or send a link with your inputs.

Formula

New = old × (1 + r)

Worked example

Using the values pre-filled in the calculator above:

  • Current pay = 22
  • Per: Hour
  • Raise = 4 %
  • Project for years = 5

the calculator returns:

  • New pay per hour: 22.88
  • Extra per year: 1,830.4
  • Extra per bi-weekly paycheck: 70.4
  • Pay after 5 yearly raises: 26.77