Calculate the Value of $240,000 in 1916

What is $240k in 1916 worth in today's money?
Amount
$
From
To
$6,069,297
Adjusted for inflation, $240,000 in 1916 is equal to $6,069,297 in 2021.
Annual inflation over this period was 3.12%.
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 $240,000 in 1916 dollars worth?
Year Equivalent
2021 $6,069,297
2020 $5,987,744
2019 $5,853,973
2018 $5,744,249
2017 $5,625,600
2016 $5,511,262
2015 $5,471,348
2014 $5,430,268
2013 $5,349,926
2012 $5,258,377
2011 $5,107,083
2010 $5,031,821
2009 $4,898,517
2008 $4,894,043
2007 $4,702,136
2006 $4,585,631
2005 $4,434,175
2004 $4,294,369
2003 $4,215,146
2002 $4,117,282
2001 $4,054,369
2000 $3,921,553
1999 $3,819,029
1998 $3,758,447
1997 $3,695,534
1996 $3,576,699
1995 $3,488,155
Year Equivalent
1994 $3,397,282
1993 $3,306,408
1992 $3,213,204
1991 $3,117,670
1990 $2,938,252
1989 $2,807,767
1988 $2,688,932
1987 $2,574,757
1986 $2,546,796
1985 $2,453,592
1984 $2,360,388
1983 $2,274,175
1982 $2,190,291
1981 $2,010,874
1980 $1,787,184
1979 $1,577,476
1978 $1,446,990
1977 $1,356,117
1976 $1,293,204
1975 $1,209,320
1974 $1,076,505
1973 $990,291
1972 $957,670
1971 $927,379
1970 $878,447
1969 $827,184
1968 $789,903
Year Equivalent
1967 $766,602
1966 $740,971
1965 $726,990
1964 $720,000
1963 $708,350
1962 $699,029
1961 $694,369
1960 $685,049
1959 $673,398
1958 $661,748
1957 $643,107
1956 $624,466
1955 $622,136
1954 $626,796
1953 $622,136
1952 $617,476
1951 $582,524
1950 $549,903
1949 $561,553
1948 $545,243
1947 $500,971
1946 $424,078
1945 $414,757
1944 $405,437
1943 $393,786
1942 $361,165
1941 $328,544
Year Equivalent
1940 $326,214
1939 $326,214
1938 $335,534
1937 $326,214
1936 $321,553
1935 $312,233
1934 $307,573
1933 $305,243
1932 $340,194
1931 $375,146
1930 $400,777
1929 $398,447
1928 $403,107
1927 $412,427
1926 $417,087
1925 $403,107
1924 $403,107
1923 $393,786
1922 $403,107
1921 $452,039
1920 $440,388
1919 $384,466
1918 $319,223
1917 $270,291
1916 $240,000
1915 $235,340
1914 $233,010