Multiple Raises Calculator
Combine successive increases and inflation.
Multiple Raises 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 Multiple Raises Calculator Works?
The Multiple Raises Calculator works by chaining raise factors and inflation factors period by period.
Enter the starting salary
Type pay before the first raise in the series.
List each raise
Type each raise rate in order.
Pair with inflation
Type inflation for each period between raises.
Read the outcome
The output gives the final salary, total raise, total inflation and real change.
Multiple Raises Calculator Formula
The Multiple Raises formula divides the product of raise factors by the product of inflation factors.
Final = Salary × Π (1 + rk)
Real % = [Π (1 + rk) ÷ Π (1 + πk) − 1] × 100
Variables
- rk
- Raise in period k
- πk
- Inflation in period k
Worked example
Raises of 3%, 6%, 2% and 4% lift a $58,000 salary to $67,175. Inflation of 4.7%, 8.0%, 4.1% and 2.9% leaves a real change of -4.38%.
Multiple Raises Calculator Conversion Table
This table chains 4 raises and 4 inflation rates for a $58,000 starting salary.
| Period | Raise | Inflation | Salary | Real salary (start dollars) | Real change so far |
|---|---|---|---|---|---|
| Period 1 | 3.0% | 4.7% | $59,740 | $57,058 | -1.62% |
| Period 2 | 6.0% | 8.0% | $63,324 | $56,002 | -3.45% |
| Period 3 | 2.0% | 4.1% | $64,591 | $54,872 | -5.39% |
| Period 4 | 4.0% | 2.9% | $67,175 | $55,458 | -4.38% |
What is Multiple Raises Calculator?
The Multiple Raises Calculator is a tool that combines a series of raises with the inflation of each period to show the final nominal and real salary. The calculator pairs every raise with that period's inflation.
A run of raises can look generous in total and still fall short in real terms when one period has high inflation.
What are the uses of Multiple Raises Calculator?
There are 4 main uses of the Multiple Raises Calculator.
Review a raise history
See whether several raises together beat inflation.
Find the weak period
Identify the raise that fell furthest behind its period's inflation.
Plan future raises
Test planned raises against expected inflation for each period.
Compare employees
Compare real outcomes for staff with different raise histories.
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