How much is $1 million in 1947 worth today?

$1 million in 1947 is worth $15,021,525 in August 2026 dollars, according to the U.S. Consumer Price Index.

How much would I need today to match $1 million in 1947?

You would need $15,021,525 to buy what $1 million bought in 1947. That is 15.02 times as much.

Kept as cash, $1 million from 1947 buys only what $66,571.14 of 1947 money bought. It has lost 93% of its buying power.

Prices rose 14.4% in 1947. Since then the average has been 3.48% a year.

$1 million in 1947 has the same buying power as

$15,021,525 in August 2026

That is 1,402% more, an average inflation rate of 3.48% a year over 79 years.

Put the other way, $1 million today buys what $66,571.14 bought in 1947. Cash kept under the mattress since 1947 has lost 93% of its value.

$1 million from 1947 in each later year's dollars

Not everything rose at the same pace. What $1 million spent on each of these in 1947 costs today:

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

$1,000,000 in 1947 has the same buying power as

$15,021,525 in August 2026

Prices rose 1,402.2% in total, an average of 3.48% a year.

How much is $1 million in 1947 worth today?: $1 million in 1947 is worth $15,021,525 in August 2026 dollars, according to the U.S. Consumer Price Index.
How much would I need today to match $1 million in 1947?: You would need $15,021,525 to buy what $1 million bought in 1947. That is 15.02 times as much.
How much buying power has $1 million lost since 1947?: Kept as cash, $1 million from 1947 buys only what $66,571.14 of 1947 money bought. It has lost 93% of its buying power.
What was inflation in 1947?: Prices rose 14.4% in 1947. Since then the average has been 3.48% a year.