Future Salary Calculator
Estimate salary growth over time with compound annual raises
How to Use This Calculator
Enter your current salary
Use your gross annual base salary before bonuses.
Enter annual raise percentage
Assume an average yearly raise (e.g., 3%).
Enter years
How many years into the future to project.
Calculate
View the compound growth estimate of your future salary.
Formula
Future Salary = Current Salary × (1 + g)^n
Example:
Current Salary = $60,000; g = 3% (0.03); n = 5
Future = 60,000 × (1.03)^5 ≈ $69,564
About Future Salary Calculator
The Future Salary Calculator estimates how your base salary may grow over time using compound annual raises. Salary growth often reflects cost-of-living adjustments, performance increases, promotions, and market dynamics. By entering your current pay, an assumed annual raise rate, and the time horizon, you can visualize the compounding effect on your earnings. This tool is helpful for budgeting, career planning, and evaluating long-term financial goals like saving for a home, retirement contributions, or education expenses. Because real-world pay trajectories include uncertainties (job changes, bonuses, equity, career breaks, inflation), consider testing multiple scenarios to build a range of outcomes. Pair this estimate with inflation assumptions to compare future nominal salary to today’s purchasing power. The calculator focuses on transparency and speed, offering an immediate view of how even small annual increases compound significantly over time.
Frequently Asked Questions
Does this include bonuses or equity?
No. It projects base salary growth only. Model bonuses/equity separately.
How should I choose a raise rate?
Use past averages (2–4%) or expected merit increases. Test scenarios (e.g., 2%, 3%, 5%).
Does this account for inflation?
No. Compare results to inflation forecasts to assess real purchasing power.