How much is $1 million in 1916 worth today?

$1 million in 1916 is worth $30,732,110 in August 2026 dollars, according to the U.S. Consumer Price Index.

How much would I need today to match $1 million in 1916?

You would need $30,732,110 to buy what $1 million bought in 1916. That is 30.73 times as much.

Kept as cash, $1 million from 1916 buys only what $32,539.26 of 1916 money bought. It has lost 97% of its buying power.

Prices rose 7.9% in 1916. Since then the average has been 3.16% a year.

$1 million in 1916 has the same buying power as

$30,732,110 in August 2026

That is 2,973% more, an average inflation rate of 3.16% a year over 110 years.

Put the other way, $1 million today buys what $32,539.26 bought in 1916. Cash kept under the mattress since 1916 has lost 97% of its value.

$1 million from 1916 in each later year's dollars

Not everything rose at the same pace. What $1 million spent on each of these in 1916 costs today:

Amount ($) From year From month To year To month

$1,000,000 in 1916 has the same buying power as

$30,732,110 in August 2026

Prices rose 2,973.2% in total, an average of 3.16% a year.

How much is $1 million in 1916 worth today?: $1 million in 1916 is worth $30,732,110 in August 2026 dollars, according to the U.S. Consumer Price Index.
How much would I need today to match $1 million in 1916?: You would need $30,732,110 to buy what $1 million bought in 1916. That is 30.73 times as much.
How much buying power has $1 million lost since 1916?: Kept as cash, $1 million from 1916 buys only what $32,539.26 of 1916 money bought. It has lost 97% of its buying power.
What was inflation in 1916?: Prices rose 7.9% in 1916. Since then the average has been 3.16% a year.