$1,000,000 In 1958 Is Worth $10,270,173.01 Today

$1,000,000 in 1958 is worth $10,270,173.01 today



$1,000,000 in 1958 → 2022 | Inflation Calculator (in2013dollars.com)
https://www.in2013dollars.com/us/inflation/1958?amount=1000000

Value of $1,000,000 from 1958 to 2022

is $10,270,173.01 today


$1,000,000 in 1958 is equivalent in purchasing power to about $10,270,173.01 today, an increase of $9,270,173.01 over 64 years. The dollar had an average inflation rate of 3.71% per year between 1958 and today, producing a cumulative price increase of 927.02%.
This means that today's prices are 10.27 times higher than average prices since 1958, according to the Bureau of Labor Statistics consumer price index. A dollar today only buys 9.737% of what it could buy back then.

The inflation rate in 1958 was 2.85%. The current inflation rate compared to last year is now 8.20%. If this number holds, $1,000,000 today will be equivalent in buying power to $1,082,016.70 next year. The current inflation rate page gives more detail on the latest inflation rates.