Pay Raise Allocator

Optimally allocate a pay raise across debt payoff, savings, and lifestyle based on your financial situation.

Financial Disclaimer

This calculator is for educational purposes only and does not constitute financial advice. Results are estimates based on the inputs provided. Consult a qualified financial advisor before making investment or financial planning decisions.

Inputs

Current annual salary ($)

Raise percentage (%)

Marginal tax bracket (%)

Current savings rate (%)

High-interest debt

Tab to move between fields

Results

Monthly raise after tax ($)

$195

Allocate to debt ($)$0

Allocate to savings ($)$117

Allocate to lifestyle ($)$78

New savings rate (%)12%

Annual raise after tax ($)$2,340

How to Use This Calculator

Enter your current annual salary and the raise percentage you received.
Set your marginal tax bracket to calculate the after-tax amount of the raise.
Enter your current savings rate and whether you have high-interest debt.
Review the monthly raise after tax and the recommended allocation: debt payoff, savings increase, and lifestyle.
The goal is to avoid lifestyle inflation by directing most of the raise toward financial goals.

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