How much is $1 million in 1921 worth today?

$1 million in 1921 is worth $18,713,966 in August 2026 dollars, according to the U.S. Consumer Price Index.

How much would I need today to match $1 million in 1921?

You would need $18,713,966 to buy what $1 million bought in 1921. That is 18.71 times as much.

Kept as cash, $1 million from 1921 buys only what $53,436.03 of 1921 money bought. It has lost 95% of its buying power.

Prices rose -10.5% in 1921. Since then the average has been 2.83% a year.

$1 million in 1921 has the same buying power as

$18,713,966 in August 2026

That is 1,771% more, an average inflation rate of 2.83% a year over 105 years.

Put the other way, $1 million today buys what $53,436.03 bought in 1921. Cash kept under the mattress since 1921 has lost 95% of its value.

$1 million from 1921 in each later year's dollars

Not everything rose at the same pace. What $1 million spent on each of these in 1921 costs today:

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

$1,000,000 in 1921 has the same buying power as

$18,713,966 in August 2026

Prices rose 1,771.4% in total, an average of 2.83% a year.

How much is $1 million in 1921 worth today?: $1 million in 1921 is worth $18,713,966 in August 2026 dollars, according to the U.S. Consumer Price Index.
How much would I need today to match $1 million in 1921?: You would need $18,713,966 to buy what $1 million bought in 1921. That is 18.71 times as much.
How much buying power has $1 million lost since 1921?: Kept as cash, $1 million from 1921 buys only what $53,436.03 of 1921 money bought. It has lost 95% of its buying power.
What was inflation in 1921?: Prices rose -10.5% in 1921. Since then the average has been 2.83% a year.