How much is $1 million in 1997 worth today?

$1 million in 1997 is worth $2,087,103 in August 2026 dollars, according to the U.S. Consumer Price Index.

How much would I need today to match $1 million in 1997?

You would need $2,087,103 to buy what $1 million bought in 1997. That is 2.09 times as much.

Kept as cash, $1 million from 1997 buys only what $479,133 of 1997 money bought. It has lost 52% of its buying power.

Prices rose 2.3% in 1997. Since then the average has been 2.56% a year.

$1 million in 1997 has the same buying power as

$2,087,103 in August 2026

That is 109% more, an average inflation rate of 2.56% a year over 29 years.

Put the other way, $1 million today buys what $479,133 bought in 1997. Cash kept under the mattress since 1997 has lost 52% of its value.

$1 million from 1997 in each later year's dollars

Not everything rose at the same pace. What $1 million spent on each of these in 1997 costs today:

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

$1,000,000 in 1997 has the same buying power as

$2,087,103 in August 2026

Prices rose 108.7% in total, an average of 2.56% a year.

How much is $1 million in 1997 worth today?: $1 million in 1997 is worth $2,087,103 in August 2026 dollars, according to the U.S. Consumer Price Index.
How much would I need today to match $1 million in 1997?: You would need $2,087,103 to buy what $1 million bought in 1997. That is 2.09 times as much.
How much buying power has $1 million lost since 1997?: Kept as cash, $1 million from 1997 buys only what $479,133 of 1997 money bought. It has lost 52% of its buying power.
What was inflation in 1997?: Prices rose 2.3% in 1997. Since then the average has been 2.56% a year.