This Payday Pie Tastes Like Your Favorite Candy Bar in Pie Form

Name: Payday Pie Recipe
Prep time: 10 min
Cook time: 20 min
Ingredients: 1 9-inch deep dish pie crust (homemade or store bought); 10 ounces peanut butter chips; 14 ounces sweetened condensed milk; 3 Tablespoons salted butter; 2 cups miniature marshmallows; 1 and ½ cups dry roasted peanuts (I used salted); ⅓ cup caramel sauce

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If you’re a fan of salty and sweet desserts, this Payday Pie deserves a place on your table. It combines creamy peanut butter filling, fluffy marshmallows, buttery caramel, and roasted peanuts inside a flaky pie crust. Every bite has the same flavors that made the classic candy bar famous, but in an easy homemade pie.

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A Payday Pie topped with toasted marshmallows, caramel sauce, and peanuts sits on a blue-patterned cloth, with a few peanuts scattered on the side.

Payday Pie Recipe

This recipe looks AMAZING, but it’s simple to make with pantry ingredients. And it makes a great dessert for holidays, birthdays, football parties, potlucks, or anytime you need a dessert that disappears fast.

A slice of Payday Pie topped with marshmallows, peanuts, and caramel sauce sits next to the whole pie. Text reads: "Payday Pie—make ahead, sweet & salty, peanut butter & caramel." This irresistible Payday Pie is perfect for satisfying any sweet tooth.

Why You’ll ❤️ This Payday Pie

Rich peanut butter flavor
Homemade caramel topping
Sweet and salty in every bite
Great make-ahead dessert
Perfect for Thanksgiving, Christmas, and parties
Easy ingredients you can find at any grocery store

Ingredients

NOTE: Find the full printable recipe in the recipe card below.

Pie crust. You can use a homemade or store-bought crust.
Peanut butter chips. Get a good quality chip; this is the primary flavor of the pie.
Sweetened condensed milk. Regular, not fat-free.
Butter. You can use salted or unsalted.
Miniature marshmallows. I recommend using white marshmallows.
Peanuts. I used salted dry-roasted peanuts.
Caramel. Get a high-quality brand, not sugar-free. You can also make caramel if desired.
Salt. Optional. If you use salted butter and salted peanuts, you may want to omit add more salt.

Tips for the Best Payday Pie

Let the pie chill completely before cutting for clean slices.
Line the pie crust with pie weights while baking to help prevent shrinking.
Use room-temperature heavy cream so it blends smoothly into the caramel.
A sharp knife wiped clean between slices gives the neatest presentation.

How to Make Payday Pie

NOTE: This section includes a step-by-step guide. Find the full printable recipe in the recipe card below.

Time needed: 20 minutes

Be sure to watch the pan while you’re melting the peanut butter chips. Once they start melting, they’ll melt quickly. Be careful not to scorch them.

Bake the pie crust according to package directions. Cool completely.
In a saucepan over low heat, combine the peanut butter chips, sweetened condensed milk, and butter. Stir until smooth.
Remove from the heat and fold in the miniature marshmallows until coated. Some marshmallows will soften while others stay whole.
Spread the filling evenly into the cooled pie crust.
Pour the caramel mixture over the peanut butter filling
Refrigerate for at least 4 hours before slicing.

A decadent slice of Payday Pie topped with toasted marshmallows, peanuts, caramel sauce, and a mint leaf sits on a white textured plate with scattered peanuts and marshmallows around it.

Payday Pie Variations

Drizzle melted chocolate over the top after the pie has chilled.
Warm a few tablespoons of peanut butter and drizzle it over the caramel.
Sprinkle flaky sea salt over the top for extra crunch and flavor.
Swap the traditional pie crust for a graham cracker crust for an even easier dessert.

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How to Store Your Payday Pie

Store covered in the refrigerator for up to 5 days.

Freeze tightly wrapped for up to 2 months.

A decadent Payday Pie topped with caramel, peanuts, and toasted marshmallows, garnished with a sprig of mint. Scattered peanuts and mint leaves surround the pie on a marble surface.

Payday Pie Frequently Asked Questions

Does Payday Pie need to be refrigerated?

Yes. Because the filling contains sweetened condensed milk and butter, the pie should be refrigerated until serving.

Can I make Payday Pie ahead?

Yes. It’s actually better after chilling overnight because the filling becomes firmer and the flavors blend together.

Can I freeze Payday Pie?

Yes. Wrap it tightly and freeze for up to two months. Thaw overnight in the refrigerator before serving.

Can I use crunchy peanut butter?

This recipe is designed around peanut butter chips, but a few tablespoons of crunchy peanut butter can be stirred into the filling for extra texture.

A slice of Payday Pie topped with caramel, marshmallows, and peanuts sits on a white plate, with more marshmallows and peanuts scattered around. A mint leaf garnishes the pie.

What to Serve with Payday Pie

These are a few of my favorite items to serve with this pie

Fresh coffee
Cold milk
Vanilla ice cream
Whipped cream
Hot chocolate during the holidays

Pro Tip

For the cleanest slices, refrigerate the pie overnight.

A decadent Payday Pie topped with toasted mini marshmallows and peanuts sits on a marble surface with a blue napkin, mint garnish, and scattered peanuts and marshmallows nearby.

If you enjoy rich desserts, you’ll also love this Cookie Butter Pie.” “Looking for another holiday favorite? Try my Deep Dish Bourbon Pecan Pie.” “Browse all of my pie recipes for more family favorites.

Payday Pie Recipe

This pie is an easy, make-ahead dessert reminiscent of a Payday candy bar. Peanut butter, marshmallows, peanuts, and caramel are the pantry staples you'll need for this crowd-favorite recipe.

Author: Paula

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Prep Time: 10

Cook Time: 20

Servings: 8 servings

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Equipment

pie plate

Pie Weights

Adjustable Silicon Pie Crust Shield

Ingredients

1 9-inch deep dish pie crust homemade or store bought

Filling

10 ounces peanut butter chips
14 ounces sweetened condensed milk
3 Tablespoons salted butter
2 cups miniature marshmallows

Topping

1 and ½ cups dry roasted peanuts I used salted
⅓ cup caramel sauce

Instructions

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Preheat oven to 400°F. If you're making your pie crust, roll it out on a floured surface. Transfer to a 9-inch deep dish pie plate. Crimp edges and prick the bottom and sides with a fork. (For store-bought crust, skip to the next instruction.)
1 9-inch deep dish pie crust
▢
Line pie crust with parchment paper and fill with pie weights. Bake for 15 minutes. Remove weights and parchment paper and bake for another 15 minutes until golden brown. Set aside.
▢
Combine peanut butter chips, sweetened condensed milk, and butter in a saucepan over medium heat. Cook and stir until melted.
10 ounces peanut butter chips, 14 ounces sweetened condensed milk, 3 Tablespoons salted butter
▢
Add marshmallows, stir to combine. It's okay if some melt, but I didn't melt all of the marshmallows.
2 cups miniature marshmallows
▢
Pour the filling into the baked pie crust. Sprinkle peanuts evenly over the filling.
1 and ½ cups dry roasted peanuts
▢
Microwave the caramel for 30 to 60 seconds. Stir. Drizzle the caramel evenly over the peanuts on top of the pie.
⅓ cup caramel sauce
▢
Refrigerate for 4 hours until set before slicing.