Calculate the Value of $1,000,000 in 1938

What is $1 million in 1938 money adjusted for inflation? Convert $1,000,000 from 1938 dollars to 2024 dollars.
Amount
$
From
To
$21,301,806
Adjusted for inflation, $1,000,000 in 1938 is equal to $21,301,806 in 2024.
Annual inflation over this period was 3.62%.
Value of a dollar
Calculates inflation to see what a U.S. dollar was worth in the past and today. View historical and today's current inflation rates, using the CPI provided by the United States government. Inflation data is updated regularly, so results may differ from other websites. How much has the cost of living increased? What was inflation for a specific period?
How much is $1,000,000 in 1938 dollars worth?
Year Equivalent
2024 $21,301,806
2023 $20,610,903
2022 $19,361,250
2021 $18,088,472
2020 $17,845,417
2019 $17,446,736
2018 $17,119,722
2017 $16,766,111
2016 $16,425,347
2015 $16,306,389
2014 $16,183,958
2013 $15,944,514
2012 $15,671,667
2011 $15,220,764
2010 $14,996,458
2009 $14,599,167
2008 $14,585,833
2007 $14,013,889
2006 $13,666,667
2005 $13,215,278
2004 $12,798,611
2003 $12,562,500
2002 $12,270,833
2001 $12,083,333
2000 $11,687,500
1999 $11,381,944
1998 $11,201,389
1997 $11,013,889
Year Equivalent
1996 $10,659,722
1995 $10,395,833
1994 $10,125,000
1993 $9,854,167
1992 $9,576,389
1991 $9,291,667
1990 $8,756,944
1989 $8,368,056
1988 $8,013,889
1987 $7,673,611
1986 $7,590,278
1985 $7,312,500
1984 $7,034,722
1983 $6,777,778
1982 $6,527,778
1981 $5,993,056
1980 $5,326,389
1979 $4,701,389
1978 $4,312,500
1977 $4,041,667
1976 $3,854,167
1975 $3,604,167
1974 $3,208,333
1973 $2,951,389
1972 $2,854,167
1971 $2,763,889
1970 $2,618,056
1969 $2,465,278
Year Equivalent
1968 $2,354,167
1967 $2,284,722
1966 $2,208,333
1965 $2,166,667
1964 $2,145,833
1963 $2,111,111
1962 $2,083,333
1961 $2,069,444
1960 $2,041,667
1959 $2,006,944
1958 $1,972,222
1957 $1,916,667
1956 $1,861,111
1955 $1,854,167
1954 $1,868,056
1953 $1,854,167
1952 $1,840,278
1951 $1,736,111
1950 $1,638,889
1949 $1,673,611
1948 $1,625,000
1947 $1,493,056
1946 $1,263,889
1945 $1,236,111
1944 $1,208,333
1943 $1,173,611
1942 $1,076,389
1941 $979,167
Year Equivalent
1940 $972,222
1939 $972,222
1938 $1,000,000
1937 $972,222
1936 $958,333
1935 $930,556
1934 $916,667
1933 $909,722
1932 $1,013,889
1931 $1,118,056
1930 $1,194,444
1929 $1,187,500
1928 $1,201,389
1927 $1,229,167
1926 $1,243,056
1925 $1,201,389
1924 $1,201,389
1923 $1,173,611
1922 $1,201,389
1921 $1,347,222
1920 $1,312,500
1919 $1,145,833
1918 $951,389
1917 $805,556
1916 $715,278
1915 $701,389
1914 $694,444