How much is $1 million in 1920 worth today?

$1 million in 1920 is worth $16,749,000 in August 2026 dollars, according to the U.S. Consumer Price Index.

How much would I need today to match $1 million in 1920?

You would need $16,749,000 to buy what $1 million bought in 1920. That is 16.75 times as much.

Kept as cash, $1 million from 1920 buys only what $59,705.06 of 1920 money bought. It has lost 94% of its buying power.

Prices rose 15.6% in 1920. Since then the average has been 2.69% a year.

$1 million in 1920 has the same buying power as

$16,749,000 in August 2026

That is 1,575% more, an average inflation rate of 2.69% a year over 106 years.

Put the other way, $1 million today buys what $59,705.06 bought in 1920. Cash kept under the mattress since 1920 has lost 94% of its value.

$1 million from 1920 in each later year's dollars

Not everything rose at the same pace. What $1 million spent on each of these in 1920 costs today:

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

$1,000,000 in 1920 has the same buying power as

$16,749,000 in August 2026

Prices rose 1,574.9% in total, an average of 2.69% a year.

How much is $1 million in 1920 worth today?: $1 million in 1920 is worth $16,749,000 in August 2026 dollars, according to the U.S. Consumer Price Index.
How much would I need today to match $1 million in 1920?: You would need $16,749,000 to buy what $1 million bought in 1920. That is 16.75 times as much.
How much buying power has $1 million lost since 1920?: Kept as cash, $1 million from 1920 buys only what $59,705.06 of 1920 money bought. It has lost 94% of its buying power.
What was inflation in 1920?: Prices rose 15.6% in 1920. Since then the average has been 2.69% a year.