How much is $1 million in 1928 worth today?

$1 million in 1928 is worth $19,589,474 in August 2026 dollars, according to the U.S. Consumer Price Index.

How much would I need today to match $1 million in 1928?

You would need $19,589,474 to buy what $1 million bought in 1928. That is 19.59 times as much.

Kept as cash, $1 million from 1928 buys only what $51,047.82 of 1928 money bought. It has lost 95% of its buying power.

Prices rose -1.7% in 1928. Since then the average has been 3.08% a year.

$1 million in 1928 has the same buying power as

$19,589,474 in August 2026

That is 1,859% more, an average inflation rate of 3.08% a year over 98 years.

Put the other way, $1 million today buys what $51,047.82 bought in 1928. Cash kept under the mattress since 1928 has lost 95% of its value.

$1 million from 1928 in each later year's dollars

Not everything rose at the same pace. What $1 million spent on each of these in 1928 costs today:

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

$1,000,000 in 1928 has the same buying power as

$19,589,474 in August 2026

Prices rose 1,858.9% in total, an average of 3.08% a year.

How much is $1 million in 1928 worth today?: $1 million in 1928 is worth $19,589,474 in August 2026 dollars, according to the U.S. Consumer Price Index.
How much would I need today to match $1 million in 1928?: You would need $19,589,474 to buy what $1 million bought in 1928. That is 19.59 times as much.
How much buying power has $1 million lost since 1928?: Kept as cash, $1 million from 1928 buys only what $51,047.82 of 1928 money bought. It has lost 95% of its buying power.
What was inflation in 1928?: Prices rose -1.7% in 1928. Since then the average has been 3.08% a year.