Raise Calculator
Calculate your new salary, dollar increase, and monthly pay bump after a percentage or dollar raise.
Understanding Your Raise
A raise looks great on paper, but how much actually reaches your paycheck? If you are in the 22% federal bracket, every $1,000 raise adds roughly $780 after federal tax. State taxes and FICA reduce it further. A $5,000 raise typically nets $3,200–$3,800 in additional take-home pay annually.
Inflation-Adjusted Raises
A raise that matches inflation maintains your purchasing power without improving it. With inflation running around 3% in 2026, a 3% raise keeps you even. Raises below inflation are effectively pay cuts in real terms. Aim for raises above inflation to genuinely improve your financial position.
Negotiating Effectively
Research market rates using BLS Occupational Employment Statistics, Glassdoor, and Levels.fyi before negotiating. Come with data: your market value, contributions, and responsibilities. Counteroffers with specific numbers (e.g., "$72,000" not "more money") are more likely to succeed than vague requests.