$1 million in 2008 is worth $1,555,854 today
$1 million in 2008 has the same buying power as
$1,555,854 in August 2026
That is 56% more, an average inflation rate of 2.47% a year over 18 years.
Put the other way, $1 million today buys what $642,734 bought in 2008. Cash kept under the mattress since 2008 has lost 36% of its value.
$1 million from nearby years
| $1 million in | Worth in August 2026 | Inflation that year |
|---|---|---|
| 2003 | $1,820,543 | 2.3% |
| 2004 | $1,773,319 | 2.7% |
| 2005 | $1,715,207 | 3.4% |
| 2006 | $1,661,607 | 3.2% |
| 2007 | $1,615,592 | 2.8% |
| 2008 | $1,555,854 | 3.8% |
| 2009 | $1,561,409 | -0.4% |
| 2010 | $1,536,211 | 1.6% |
| 2011 | $1,489,204 | 3.2% |
| 2012 | $1,459,010 | 2.1% |
| 2013 | $1,437,948 | 1.5% |
How $1 million from 2008 grew
$1 million of 2008 spending, by category
Not everything rose at the same pace. What $1 million spent on each of these in 2008 costs today:
| Category | Cost in August 2026 |
|---|---|
| Food | $1,636,657 |
| Rent | $1,845,666 |
| Gasoline | $1,296,554 |
| Medical care | $1,628,838 |
| New cars | $1,339,218 |
| College tuition | $1,725,611 |
| Electricity | $1,656,765 |
| Clothing | $1,150,075 |
Try a different amount or date
Questions
- How much is $1 million in 2008 worth today?
- $1 million in 2008 is worth $1,555,854 in August 2026 dollars, according to the U.S. Consumer Price Index.
- How much would I need today to match $1 million in 2008?
- You would need $1,555,854 to buy what $1 million bought in 2008. That is 1.56 times as much.
- How much buying power has $1 million lost since 2008?
- Kept as cash, $1 million from 2008 buys only what $642,734 of 2008 money bought. It has lost 36% of its buying power.
- What was inflation in 2008?
- Prices rose 3.8% in 2008. Since then the average has been 2.47% a year.
Other amounts from 2008
- $1 in 2008
- $5 in 2008
- $10 in 2008
- $20 in 2008
- $50 in 2008
- $100 in 2008
- $500 in 2008
- $1,000 in 2008
- $5,000 in 2008
- $10,000 in 2008
- $20,000 in 2008
- $50,000 in 2008
- $100,000 in 2008