$1 million in 2020 is worth $1,294,304 today
$1 million in 2020 has the same buying power as
$1,294,304 in August 2026
That is 29% more, an average inflation rate of 4.30% a year over 6 years.
Put the other way, $1 million today buys what $772,616 bought in 2020. Cash kept under the mattress since 2020 has lost 23% of its value.
$1 million from nearby years
| $1 million in | Worth in August 2026 | Inflation that year |
|---|---|---|
| 2015 | $1,413,316 | 0.1% |
| 2016 | $1,395,709 | 1.3% |
| 2017 | $1,366,596 | 2.1% |
| 2018 | $1,334,013 | 2.4% |
| 2019 | $1,310,271 | 1.8% |
| 2020 | $1,294,304 | 1.2% |
| 2021 | $1,236,225 | 4.7% |
| 2022 | $1,144,624 | 8.0% |
| 2023 | $1,099,369 | 4.1% |
| 2024 | $1,067,873 | 2.9% |
| 2025 | $1,040,495 | 2.6% |
How $1 million from 2020 grew
$1 million of 2020 spending, by category
Not everything rose at the same pace. What $1 million spent on each of these in 2020 costs today:
| Category | Cost in August 2026 |
|---|---|
| Food | $1,311,351 |
| Rent | $1,314,902 |
| Gasoline | $1,853,078 |
| Medical care | $1,142,861 |
| New cars | $1,217,581 |
| College tuition | $1,125,703 |
| Electricity | $1,444,713 |
| Clothing | $1,158,140 |
Try a different amount or date
Questions
- How much is $1 million in 2020 worth today?
- $1 million in 2020 is worth $1,294,304 in August 2026 dollars, according to the U.S. Consumer Price Index.
- How much would I need today to match $1 million in 2020?
- You would need $1,294,304 to buy what $1 million bought in 2020. That is 1.29 times as much.
- How much buying power has $1 million lost since 2020?
- Kept as cash, $1 million from 2020 buys only what $772,616 of 2020 money bought. It has lost 23% of its buying power.
- What was inflation in 2020?
- Prices rose 1.2% in 2020. Since then the average has been 4.30% a year.
Other amounts from 2020
- $1 in 2020
- $5 in 2020
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- $50 in 2020
- $100 in 2020
- $500 in 2020
- $1,000 in 2020
- $5,000 in 2020
- $10,000 in 2020
- $20,000 in 2020
- $50,000 in 2020
- $100,000 in 2020