Calculate the Value of $500,000 in 1923

What is $500k in 1923 worth in today's money?
Amount
$
From
To
$8,780,976
Adjusted for inflation, $500,000 in 1923 is equal to $8,780,976 in 2023.
Annual inflation over this period was 2.91%.
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 $500,000 in 1923 dollars worth?
Year Equivalent
2023 $8,780,976
2022 $8,248,580
2021 $7,706,331
2020 $7,602,781
2019 $7,432,929
2018 $7,293,609
2017 $7,142,959
2016 $6,997,781
2015 $6,947,101
2014 $6,894,941
2013 $6,792,929
2012 $6,676,686
2011 $6,484,586
2010 $6,389,024
2009 $6,219,763
2008 $6,214,083
2007 $5,970,414
2006 $5,822,485
2005 $5,630,178
2004 $5,452,663
2003 $5,352,071
2002 $5,227,811
2001 $5,147,929
2000 $4,979,290
1999 $4,849,112
1998 $4,772,189
1997 $4,692,308
1996 $4,541,420
Year Equivalent
1995 $4,428,994
1994 $4,313,609
1993 $4,198,225
1992 $4,079,882
1991 $3,958,580
1990 $3,730,769
1989 $3,565,089
1988 $3,414,201
1987 $3,269,231
1986 $3,233,728
1985 $3,115,385
1984 $2,997,041
1983 $2,887,574
1982 $2,781,065
1981 $2,553,254
1980 $2,269,231
1979 $2,002,959
1978 $1,837,278
1977 $1,721,893
1976 $1,642,012
1975 $1,535,503
1974 $1,366,864
1973 $1,257,396
1972 $1,215,976
1971 $1,177,515
1970 $1,115,385
1969 $1,050,296
1968 $1,002,959
Year Equivalent
1967 $973,373
1966 $940,828
1965 $923,077
1964 $914,201
1963 $899,408
1962 $887,574
1961 $881,657
1960 $869,822
1959 $855,030
1958 $840,237
1957 $816,568
1956 $792,899
1955 $789,941
1954 $795,858
1953 $789,941
1952 $784,024
1951 $739,645
1950 $698,225
1949 $713,018
1948 $692,308
1947 $636,095
1946 $538,462
1945 $526,627
1944 $514,793
1943 $500,000
1942 $458,580
1941 $417,160
1940 $414,201
Year Equivalent
1939 $414,201
1938 $426,036
1937 $414,201
1936 $408,284
1935 $396,450
1934 $390,533
1933 $387,574
1932 $431,953
1931 $476,331
1930 $508,876
1929 $505,917
1928 $511,834
1927 $523,669
1926 $529,586
1925 $511,834
1924 $511,834
1923 $500,000
1922 $511,834
1921 $573,964
1920 $559,172
1919 $488,166
1918 $405,325
1917 $343,195
1916 $304,734
1915 $298,817
1914 $295,858