How much is $1 million in 1937 worth today?

$1 million in 1937 is worth $23,262,500 in August 2026 dollars, according to the U.S. Consumer Price Index.

How much would I need today to match $1 million in 1937?

You would need $23,262,500 to buy what $1 million bought in 1937. That is 23.26 times as much.

Kept as cash, $1 million from 1937 buys only what $42,987.64 of 1937 money bought. It has lost 96% of its buying power.

Prices rose 3.6% in 1937. Since then the average has been 3.59% a year.

$1 million in 1937 has the same buying power as

$23,262,500 in August 2026

That is 2,226% more, an average inflation rate of 3.59% a year over 89 years.

Put the other way, $1 million today buys what $42,987.64 bought in 1937. Cash kept under the mattress since 1937 has lost 96% of its value.

$1 million from 1937 in each later year's dollars

Not everything rose at the same pace. What $1 million spent on each of these in 1937 costs today:

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

$1,000,000 in 1937 has the same buying power as

$23,262,500 in August 2026

Prices rose 2,226.3% in total, an average of 3.59% a year.

How much is $1 million in 1937 worth today?: $1 million in 1937 is worth $23,262,500 in August 2026 dollars, according to the U.S. Consumer Price Index.
How much would I need today to match $1 million in 1937?: You would need $23,262,500 to buy what $1 million bought in 1937. That is 23.26 times as much.
How much buying power has $1 million lost since 1937?: Kept as cash, $1 million from 1937 buys only what $42,987.64 of 1937 money bought. It has lost 96% of its buying power.
What was inflation in 1937?: Prices rose 3.6% in 1937. Since then the average has been 3.59% a year.