How much is $1 million in 1948 worth today?

$1 million in 1948 is worth $13,899,585 in August 2026 dollars, according to the U.S. Consumer Price Index.

How much would I need today to match $1 million in 1948?

You would need $13,899,585 to buy what $1 million bought in 1948. That is 13.90 times as much.

Kept as cash, $1 million from 1948 buys only what $71,944.59 of 1948 money bought. It has lost 93% of its buying power.

Prices rose 8.1% in 1948. Since then the average has been 3.43% a year.

$1 million in 1948 has the same buying power as

$13,899,585 in August 2026

That is 1,290% more, an average inflation rate of 3.43% a year over 78 years.

Put the other way, $1 million today buys what $71,944.59 bought in 1948. Cash kept under the mattress since 1948 has lost 93% of its value.

$1 million from 1948 in each later year's dollars

Not everything rose at the same pace. What $1 million spent on each of these in 1948 costs today:

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

$1,000,000 in 1948 has the same buying power as

$13,899,585 in August 2026

Prices rose 1,290.0% in total, an average of 3.43% a year.

How much is $1 million in 1948 worth today?: $1 million in 1948 is worth $13,899,585 in August 2026 dollars, according to the U.S. Consumer Price Index.
How much would I need today to match $1 million in 1948?: You would need $13,899,585 to buy what $1 million bought in 1948. That is 13.90 times as much.
How much buying power has $1 million lost since 1948?: Kept as cash, $1 million from 1948 buys only what $71,944.59 of 1948 money bought. It has lost 93% of its buying power.
What was inflation in 1948?: Prices rose 8.1% in 1948. Since then the average has been 3.43% a year.