Calculate the Value of $700,000 in 1948

What is $700k in 1948 worth in today's money?
Amount
$
From
To
$8,878,543
Adjusted for inflation, $700,000 in 1948 is equal to $8,878,543 in 2023.
Annual inflation over this period was 3.45%.
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 $700,000 in 1948 dollars worth?
Year Equivalent
2023 $8,878,543
2022 $8,340,231
2021 $7,791,957
2020 $7,687,256
2019 $7,515,517
2018 $7,374,650
2017 $7,222,325
2016 $7,075,534
2015 $7,024,291
2014 $6,971,551
2013 $6,868,406
2012 $6,750,872
2011 $6,556,637
2010 $6,460,013
2009 $6,288,872
2008 $6,283,128
2007 $6,036,752
2006 $5,887,179
2005 $5,692,735
2004 $5,513,248
2003 $5,411,538
2002 $5,285,897
2001 $5,205,128
2000 $5,034,615
1999 $4,902,991
1998 $4,825,214
1997 $4,744,444
1996 $4,591,880
Year Equivalent
1995 $4,478,205
1994 $4,361,538
1993 $4,244,872
1992 $4,125,214
1991 $4,002,564
1990 $3,772,222
1989 $3,604,701
1988 $3,452,137
1987 $3,305,556
1986 $3,269,658
1985 $3,150,000
1984 $3,030,342
1983 $2,919,658
1982 $2,811,966
1981 $2,581,624
1980 $2,294,444
1979 $2,025,214
1978 $1,857,692
1977 $1,741,026
1976 $1,660,256
1975 $1,552,564
1974 $1,382,051
1973 $1,271,368
1972 $1,229,487
1971 $1,190,598
1970 $1,127,778
1969 $1,061,966
1968 $1,014,103
Year Equivalent
1967 $984,188
1966 $951,282
1965 $933,333
1964 $924,359
1963 $909,402
1962 $897,436
1961 $891,453
1960 $879,487
1959 $864,530
1958 $849,573
1957 $825,641
1956 $801,709
1955 $798,718
1954 $804,701
1953 $798,718
1952 $792,735
1951 $747,863
1950 $705,983
1949 $720,940
1948 $700,000
1947 $643,162
1946 $544,444
1945 $532,479
1944 $520,513
1943 $505,556
1942 $463,675
1941 $421,795
1940 $418,803
Year Equivalent
1939 $418,803
1938 $430,769
1937 $418,803
1936 $412,821
1935 $400,855
1934 $394,872
1933 $391,880
1932 $436,752
1931 $481,624
1930 $514,530
1929 $511,538
1928 $517,521
1927 $529,487
1926 $535,470
1925 $517,521
1924 $517,521
1923 $505,556
1922 $517,521
1921 $580,342
1920 $565,385
1919 $493,590
1918 $409,829
1917 $347,009
1916 $308,120
1915 $302,137
1914 $299,145