How much is $1 million in 2023 worth today?

$1 million in 2023 is worth $1,099,369 in August 2026 dollars, according to the U.S. Consumer Price Index.

How much would I need today to match $1 million in 2023?

You would need $1,099,369 to buy what $1 million bought in 2023. That is 1.10 times as much.

Kept as cash, $1 million from 2023 buys only what $909,613 of 2023 money bought. It has lost 9% of its buying power.

Prices rose 4.1% in 2023. Since then the average has been 3.08% a year.

$1 million in 2023 has the same buying power as

$1,099,369 in August 2026

That is 10% more, an average inflation rate of 3.08% a year over 3 years.

Put the other way, $1 million today buys what $909,613 bought in 2023. Cash kept under the mattress since 2023 has lost 9% of its value.

$1 million from 2023 in each later year's dollars

Not everything rose at the same pace. What $1 million spent on each of these in 2023 costs today:

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

$1,000,000 in 2023 has the same buying power as

$1,099,369 in August 2026

Prices rose 9.9% in total, an average of 3.08% a year.

How much is $1 million in 2023 worth today?: $1 million in 2023 is worth $1,099,369 in August 2026 dollars, according to the U.S. Consumer Price Index.
How much would I need today to match $1 million in 2023?: You would need $1,099,369 to buy what $1 million bought in 2023. That is 1.10 times as much.
How much buying power has $1 million lost since 2023?: Kept as cash, $1 million from 2023 buys only what $909,613 of 2023 money bought. It has lost 9% of its buying power.
What was inflation in 2023?: Prices rose 4.1% in 2023. Since then the average has been 3.08% a year.