Back to All Calculators# Salary Increase Calculator

## How does this salary increase calculator work?

Calculate your salary increase over time based on your current salary, annual increase rate, and number of years.

The Calculate Box **salary increase calculator** uses the following formula to calculate your salary increase:

**Salary = Salary * (1 + Annual Increase Rate)**

For example, if you have a $40,000 salary and you get a 3% annual increase, you would make $41,200 the next year.

Salary increases compound over time, so the longer you work, the more your salary will increase.

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