Salary Planning Tool
Pay Raise Calculator
Calculate how much more you'll earn with a pay raise. See the impact on your paycheck, annual salary, and long-term earnings.
Salary Details
Your Raise Breakdown
New Salary
$63,000
$63,000 per year
Raise Amount
+$3,000
5.0% increase
Paycheck Impact (annual)
Current Pay$60,000
Gross Raise+$3,000
Est. Net Raise (after ~25% tax)~$2,250
New Pay$63,000
Raise %
5.0%
Annual Raise
$3,000
Est. Net/Year
~$2,250
Cumulative Impact Over Time
After 1 Year
+$3,000
After 5 Years
+$15,000
After 10 Years
+$30,000
Assuming the raise persists without additional raises (actual impact is compounding)
Raise Context:
- 3%: Typical cost-of-living adjustment
- 5%: Average merit increase
- 10%+: Promotion or significant achievement
- 20%+: Major promotion or counter-offer
Typical Raise Percentages
Cost of Living
2-3%
Keeps pace with inflation
Merit Increase
3-5%
Average performer
High Performer
5-10%
Exceeds expectations
Promotion
10-20%+
New role/level
Frequently Asked Questions
Salary Resources
Research market rates and negotiate effectively:
- Bureau of Labor Statistics: Occupational Employment
Official US wage data by occupation
Tax estimates are approximate. Your actual tax impact depends on your total income, deductions, and tax bracket.