Annual Raise Impact Calculator
Calculate how annual raises compound over time.
See your future salary and cumulative extra earnings from consistent raises.
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Salary Growth Projection
Annual raises compound just like interest. A consistent 3% raise does not just add 3% each year — it compounds on top of previous raises.
Formula:
Future Salary = Current Salary × (1 + Raise %)^Years
Cumulative Extra Earnings = Sum of (each year's salary - original salary)
Example: $50,000 salary with 3% annual raise:
| Year | Salary | Cumulative Extra |
|---|---|---|
| 0 | $50,000 | $0 |
| 5 | $57,964 | $21,855 |
| 10 | $67,196 | $72,680 |
| 20 | $90,306 | $243,519 |
Key insight: Over 20 years, a 3% annual raise means your salary grows by 80%, and you earn $243K+ more than if your salary stayed flat.
Average raises by type:
- Cost of living: 2–3%
- Merit/performance: 3–5%
- Promotion: 10–20%