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Pay Raise Calculator with Eye Opening Surprises

Calculator Preferences
Pay Raise Calculator Sign
Pay Raise Calculator

This calculator will not only calculate your pay raise or cost of living (COL) raise, but will also translate the raise into every common and not-so-common time period -- including how much the raise will add up to between now and when you plan to retire! The Learn section includes:

  • How much is a dollar raise annually?
  • How to calculate pay raise.
  • How to figure out pay increase percentage.
  • How much of a raise to ask for?
  • Who determines your wage?
Learn More

Selected Data Record:

A Data Record is a set of calculator entries that are stored in your web browser's Local Storage. If a Data Record is currently selected in the "Data" tab, this line will list the name you gave to that data record. If no data record is selected, or you have no entries stored for this calculator, the line will display "None".

DataData recordData recordSelected data record: None
Rate:Pay rate:Current pay rate:Current pay rate:

Current pay rate:

Enter the amount you are currently being paid per increment of time (hour, day, week, bi-weekly, semi-monthly, monthly, etc.).

Period:Time period:Time period:Time period your pay rate applies to:

Time period your pay rate applies to:

Select whichever time period corresponds to the pay rate you entered in the first line.

Type:Raise type:Pay raise type:Pay raise type:

Pay raise type:

Select the type of raise you are entering. If you know the new pay rate amount, select New rate. If you want to enter the dollar amount of only the raise itself (getting a $1 per hour raise), select Dollar amount increase. If the pay raise is a percentage increase, select Percent amount increase.

Factor:Raise factor:Pay raise factor:Pay raise factor:

Pay raise factor:

Once you have selected the type of raise you are entering, enter the corresponding factor (dollar raise, percent raise, new rate) on this line.

Week hrs:Weekly hours:Weekly work hours:Number of hours you work each week:

Number of hours you work each week:

Enter the number of hours you work per work week.

Now age:Current age:Current age:Your current age:

Current age:

Enter your current age. The calculator will use this entry to calculate potential earnings on your raise if you choose to invest it rather than spend it.

Retire age:Retire age:Retire age:Age you plan to retire at:

Age you plan to retire at:

Enter the age you expect to retire at. The calculator will use this entry to calculate potential earnings on your raise if you choose to invest it rather than spend it.

ROI:Expected ROI:Return on investments:Expected annual return on investments:

Expected annual return on investments:

Enter the percent return on your investment you believe you could earn between now and when you plan to retire. The calculator will use this entry to calculate potential earnings on your raise if you choose to invest it rather than spend it.

New rate:New pay rate:New pay rate:New pay rate:

New pay rate:

Your new pay rate based on your pay raise calculator entries.

Increase:Percent increase:Percentage increase:Percentage increase:

Percentage increase:

This is the percentage increase of your pay rate dollar amount increase.


If you would like to save the current entries to the secure online database, tap or click on the Data tab, select "New Data Record", give the data record a name, then tap or click the Save button. To save changes to previously saved entries, simply tap the Save button. Please select and "Clear" any data records you no longer need.

Feedback AppreciatedFeedback Greatly AppreciatedYour Feedback Would Be Greatly AppreciatedYour Feedback Is Greatly Appreciated


Help and Tools

Help and Tools:

This section, which you can Unstick or Hide in the Calculator Preferences (just above the top of the calculator), contains the following tabs (content too long to fit within bordered frame can be scrolled up and down):

About: Click this tab for an introduction to the calculator.

Instructions: Click this tab for step-by-step instructions for using the calculator.

Terms: Click this tab for a list of the descriptions that are located within each popup help button (info icons).

PCalc: Click this tab for a handy "pocket" calculator you can use when you need to calculate an entry needed for the calculator.

Data: Click this tab to save a set of entries or a note in between visits. Entries and notes will be stored to your web browser's local storage (if supported by your browser of choice), meaning they can only be recalled with the same device and web browser you were using when you saved them. If you'd like to save entries and notes between devices you can do so by subscribing to the Ad-Free Member Version.



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Adjust Calculator Width:

Move the slider to left and right to adjust the calculator width. Note that the Help and Tools panel will be hidden when the calculator is too wide to fit both on the screen. Moving the slider to the left will bring the instructions and tools panel back into view.

Also note that some calculators will reformat to accommodate the screen size as you make the calculator wider or narrower. If the calculator is narrow, columns of entry rows will be converted to a vertical entry form, whereas a wider calculator will display columns of entry rows, and the entry fields will be smaller in size ... since they will not need to be "thumb friendly".

Show/Hide Popup Keypads:

Select Show or Hide to show or hide the popup keypad icons located next to numeric entry fields. These are generally only needed for mobile devices that don't have decimal points in their numeric keypads. So if you are on a desktop, you may find the calculator to be more user-friendly and less cluttered without them.

Stick/Unstick Tools:

Select Stick or Unstick to stick or unstick the help and tools panel. Selecting "Stick" will keep the panel in view while scrolling the calculator vertically. If you find that annoying, select "Unstick" to keep the panel in a stationary position.

If the tools panel becomes "Unstuck" on its own, try clicking "Unstick" and then "Stick" to re-stick the panel.