Tax & salary

Salary Inflation Calculator

Enter your current salary, an inflation rate and a number of years to see the salary needed to keep pace.

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Salary & inflation

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%
yr

Enter your salary, inflation rate and years to see the salary needed.

Worked example

With these example inputs:

  • Current annual salary$60,000
  • Inflation rate3%
  • Years10 yr

Salary needed to keep pace: $80,635

  • Current salary$60,000
  • Increase needed$20,635

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Frequently asked questions

How does inflation affect my salary?

Rising prices erode buying power, so your salary must grow just to stand still. At 3% inflation, a $60,000 salary needs to reach about $80,635 in 10 years to buy the same goods.

Is this the same as a pay rise?

Not quite. This shows the raise needed only to offset inflation. Any increase above it is real growth in what you can actually afford.