Midyear Raise Calculator
Account for raise timing within a year.
Midyear Raise Calculator: Scenario Inputs
Annual percentage rate or benchmark index change.
Inflation & Purchasing Power Analysis
Over 3 years at 3.5% inflation, a $75,000 salary requires $83,154 to retain equal purchasing power. Without matching raises, your real compensation experiences an effective reduction of $7,355 (-9.81%).
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How Midyear Raise Calculator Works?
The Midyear Raise Calculator works by weighting the old and new salaries by the months each one applies.
Enter salary and raise
Type the salary before the raise and the raise rate.
Pick the start month
Choose the month the new salary takes effect.
Weight the months
The calculator multiplies each salary by its share of the 12 months.
Read the year total
The output shows earnings for the year and the effective raise for that calendar year.
Midyear Raise Calculator Formula
The Midyear Raise formula adds earnings at the old salary to earnings at the new salary, each weighted by months.
Earnings = Salary × (m − 1) ÷ 12 + Salary × (1 + g) × (13 − m) ÷ 12
Effective % = g × (13 − m) ÷ 12
Variables
- m
- Month the raise starts (1 = January)
- g
- Raise rate
Worked example
A 5% raise on a $66,000 salary starting in July produces $67,650 of earnings for the year, an effective calendar-year raise of 2.50%.
Midyear Raise Calculator Conversion Table
This table shows calendar-year earnings for a 5% raise on a $66,000 salary by start month.
| Raise starts in | Months at new salary | Earnings that year | Effective raise that year |
|---|---|---|---|
| January | 12 | $69,300 | 5.00% |
| March | 10 | $68,750 | 4.17% |
| April | 9 | $68,475 | 3.75% |
| July | 6 | $67,650 | 2.50% |
| October | 3 | $66,825 | 1.25% |
| December | 1 | $66,275 | 0.42% |
What is Midyear Raise Calculator?
The Midyear Raise Calculator is a tool that calculates earnings in a year when a raise starts partway through the year. The calculator splits the year into months at the old rate and months at the new rate.
A 5% raise starting in July adds only about half of the raise to that year's earnings.
What are the uses of Midyear Raise Calculator?
There are 4 main uses of the Midyear Raise Calculator.
Plan yearly income
Know the exact earnings for a year with a midyear raise.
Compare with inflation
Compare the calendar-year raise with calendar-year inflation.
Budget payroll
Cost raises that start in different months.
Check tax estimates
Feed accurate yearly income into tax planning.
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