Calculate the Value of $980,000 in 1971

What is $980k in 1971 money adjusted for inflation? Convert $980,000 from 1971 dollars to 2024 dollars.
Amount
$
From
To
$7,553,042
Adjusted for inflation, $980,000 in 1971 is equal to $7,553,042 in 2024.
Annual inflation over this period was 3.93%.
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 $980,000 in 1971 dollars worth?
Year Equivalent
2024 $7,553,042
2023 $7,308,067
2022 $6,864,974
2021 $6,413,681
2020 $6,327,501
2019 $6,186,139
2018 $6,070,189
2017 $5,944,808
2016 $5,823,982
2015 $5,781,803
2014 $5,738,392
2013 $5,653,492
2012 $5,556,748
2011 $5,396,870
2010 $5,317,337
2009 $5,176,468
2008 $5,171,741
2007 $4,968,945
2006 $4,845,829
2005 $4,685,779
2004 $4,538,040
2003 $4,454,322
2002 $4,350,905
2001 $4,284,422
2000 $4,144,070
1999 $4,035,729
1998 $3,971,709
1997 $3,905,226
Year Equivalent
1996 $3,779,648
1995 $3,686,080
1994 $3,590,050
1993 $3,494,020
1992 $3,395,528
1991 $3,294,573
1990 $3,104,975
1989 $2,967,085
1988 $2,841,508
1987 $2,720,854
1986 $2,691,307
1985 $2,592,814
1984 $2,494,322
1983 $2,403,216
1982 $2,314,573
1981 $2,124,975
1980 $1,888,593
1979 $1,666,985
1978 $1,529,095
1977 $1,433,065
1976 $1,366,583
1975 $1,277,940
1974 $1,137,588
1973 $1,046,482
1972 $1,012,010
1971 $980,000
1970 $928,291
1969 $874,121
Year Equivalent
1968 $834,724
1967 $810,101
1966 $783,015
1965 $768,241
1964 $760,854
1963 $748,543
1962 $738,693
1961 $733,769
1960 $723,920
1959 $711,608
1958 $699,296
1957 $679,598
1956 $659,899
1955 $657,437
1954 $662,362
1953 $657,437
1952 $652,513
1951 $615,578
1950 $581,106
1949 $593,417
1948 $576,181
1947 $529,397
1946 $448,141
1945 $438,291
1944 $428,442
1943 $416,131
1942 $381,658
1941 $347,186
Year Equivalent
1940 $344,724
1939 $344,724
1938 $354,573
1937 $344,724
1936 $339,799
1935 $329,950
1934 $325,025
1933 $322,563
1932 $359,497
1931 $396,432
1930 $423,518
1929 $421,055
1928 $425,980
1927 $435,829
1926 $440,754
1925 $425,980
1924 $425,980
1923 $416,131
1922 $425,980
1921 $477,688
1920 $465,377
1919 $406,281
1918 $337,337
1917 $285,628
1916 $253,618
1915 $248,693
1914 $246,231