How much is $1 million in 1934 worth today?

$1 million in 1934 is worth $24,998,507 in August 2026 dollars, according to the U.S. Consumer Price Index.

How much would I need today to match $1 million in 1934?

You would need $24,998,507 to buy what $1 million bought in 1934. That is 25.00 times as much.

Kept as cash, $1 million from 1934 buys only what $40,002.39 of 1934 money bought. It has lost 96% of its buying power.

Prices rose 3.1% in 1934. Since then the average has been 3.56% a year.

$1 million in 1934 has the same buying power as

$24,998,507 in August 2026

That is 2,400% more, an average inflation rate of 3.56% a year over 92 years.

Put the other way, $1 million today buys what $40,002.39 bought in 1934. Cash kept under the mattress since 1934 has lost 96% of its value.

$1 million from 1934 in each later year's dollars

Not everything rose at the same pace. What $1 million spent on each of these in 1934 costs today:

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

$1,000,000 in 1934 has the same buying power as

$24,998,507 in August 2026

Prices rose 2,399.9% in total, an average of 3.56% a year.

How much is $1 million in 1934 worth today?: $1 million in 1934 is worth $24,998,507 in August 2026 dollars, according to the U.S. Consumer Price Index.
How much would I need today to match $1 million in 1934?: You would need $24,998,507 to buy what $1 million bought in 1934. That is 25.00 times as much.
How much buying power has $1 million lost since 1934?: Kept as cash, $1 million from 1934 buys only what $40,002.39 of 1934 money bought. It has lost 96% of its buying power.
What was inflation in 1934?: Prices rose 3.1% in 1934. Since then the average has been 3.56% a year.