Calculate the Value of $970,000 in 1916

What is $970k in 1916 worth in today's money?
Amount
$
From
To
$27,950,785
Adjusted for inflation, $970,000 in 1916 is equal to $27,950,785 in 2023.
Annual inflation over this period was 3.19%.
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 $970,000 in 1916 dollars worth?
Year Equivalent
2023 $27,950,785
2022 $26,256,111
2021 $24,530,076
2020 $24,200,464
2019 $23,659,807
2018 $23,216,338
2017 $22,736,800
2016 $22,274,684
2015 $22,113,363
2014 $21,947,333
2013 $21,622,618
2012 $21,252,606
2011 $20,641,129
2010 $20,336,945
2009 $19,798,171
2008 $19,780,089
2007 $19,004,466
2006 $18,533,592
2005 $17,921,456
2004 $17,356,408
2003 $17,036,214
2002 $16,640,680
2001 $16,386,408
2000 $15,849,612
1999 $15,435,243
1998 $15,190,388
1997 $14,936,117
1996 $14,455,825
Year Equivalent
1995 $14,097,961
1994 $13,730,680
1993 $13,363,398
1992 $12,986,699
1991 $12,600,583
1990 $11,875,437
1989 $11,348,058
1988 $10,867,767
1987 $10,406,311
1986 $10,293,301
1985 $9,916,602
1984 $9,539,903
1983 $9,191,456
1982 $8,852,427
1981 $8,127,282
1980 $7,223,204
1979 $6,375,631
1978 $5,848,252
1977 $5,480,971
1976 $5,226,699
1975 $4,887,670
1974 $4,350,874
1973 $4,002,427
1972 $3,870,583
1971 $3,748,155
1970 $3,550,388
1969 $3,343,204
1968 $3,192,524
Year Equivalent
1967 $3,098,350
1966 $2,994,757
1965 $2,938,252
1964 $2,910,000
1963 $2,862,913
1962 $2,825,243
1961 $2,806,408
1960 $2,768,738
1959 $2,721,650
1958 $2,674,563
1957 $2,599,223
1956 $2,523,883
1955 $2,514,466
1954 $2,533,301
1953 $2,514,466
1952 $2,495,631
1951 $2,354,369
1950 $2,222,524
1949 $2,269,612
1948 $2,203,689
1947 $2,024,757
1946 $1,713,981
1945 $1,676,311
1944 $1,638,641
1943 $1,591,553
1942 $1,459,709
1941 $1,327,864
1940 $1,318,447
Year Equivalent
1939 $1,318,447
1938 $1,356,117
1937 $1,318,447
1936 $1,299,612
1935 $1,261,942
1934 $1,243,107
1933 $1,233,689
1932 $1,374,951
1931 $1,516,214
1930 $1,619,806
1929 $1,610,388
1928 $1,629,223
1927 $1,666,893
1926 $1,685,728
1925 $1,629,223
1924 $1,629,223
1923 $1,591,553
1922 $1,629,223
1921 $1,826,990
1920 $1,779,903
1919 $1,553,883
1918 $1,290,194
1917 $1,092,427
1916 $970,000
1915 $951,165
1914 $941,748