Calculate the Value of $340,000 in 1916

What is $340k in 1916 worth in today's money?
Amount
$
From
To
$8,598,171
Adjusted for inflation, $340,000 in 1916 is equal to $8,598,171 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 $340,000 in 1916 dollars worth?
Year Equivalent
2021 $8,598,171
2020 $8,482,637
2019 $8,293,128
2018 $8,137,685
2017 $7,969,600
2016 $7,807,621
2015 $7,751,076
2014 $7,692,880
2013 $7,579,062
2012 $7,449,367
2011 $7,235,035
2010 $7,128,414
2009 $6,939,565
2008 $6,933,227
2007 $6,661,359
2006 $6,496,311
2005 $6,281,748
2004 $6,083,689
2003 $5,971,456
2002 $5,832,816
2001 $5,743,689
2000 $5,555,534
1999 $5,410,291
1998 $5,324,466
1997 $5,235,340
1996 $5,066,990
1995 $4,941,553
Year Equivalent
1994 $4,812,816
1993 $4,684,078
1992 $4,552,039
1991 $4,416,699
1990 $4,162,524
1989 $3,977,670
1988 $3,809,320
1987 $3,647,573
1986 $3,607,961
1985 $3,475,922
1984 $3,343,883
1983 $3,221,748
1982 $3,102,913
1981 $2,848,738
1980 $2,531,845
1979 $2,234,757
1978 $2,049,903
1977 $1,921,165
1976 $1,832,039
1975 $1,713,204
1974 $1,525,049
1973 $1,402,913
1972 $1,356,699
1971 $1,313,786
1970 $1,244,466
1969 $1,171,845
1968 $1,119,029
Year Equivalent
1967 $1,086,019
1966 $1,049,709
1965 $1,029,903
1964 $1,020,000
1963 $1,003,495
1962 $990,291
1961 $983,689
1960 $970,485
1959 $953,981
1958 $937,476
1957 $911,068
1956 $884,660
1955 $881,359
1954 $887,961
1953 $881,359
1952 $874,757
1951 $825,243
1950 $779,029
1949 $795,534
1948 $772,427
1947 $709,709
1946 $600,777
1945 $587,573
1944 $574,369
1943 $557,864
1942 $511,650
1941 $465,437
Year Equivalent
1940 $462,136
1939 $462,136
1938 $475,340
1937 $462,136
1936 $455,534
1935 $442,330
1934 $435,728
1933 $432,427
1932 $481,942
1931 $531,456
1930 $567,767
1929 $564,466
1928 $571,068
1927 $584,272
1926 $590,874
1925 $571,068
1924 $571,068
1923 $557,864
1922 $571,068
1921 $640,388
1920 $623,883
1919 $544,660
1918 $452,233
1917 $382,913
1916 $340,000
1915 $333,398
1914 $330,097