Calculate the Value of $970,000 in 1950

What is $970k in 1950 worth in today's money?
Amount
$
From
To
$12,198,860
Adjusted for inflation, $970,000 in 1950 is equal to $12,198,860 in 2023.
Annual inflation over this period was 3.53%.
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 1950 dollars worth?
Year Equivalent
2023 $12,198,860
2022 $11,459,235
2021 $10,705,923
2020 $10,562,067
2019 $10,326,102
2018 $10,132,554
2017 $9,923,264
2016 $9,721,578
2015 $9,651,171
2014 $9,578,709
2013 $9,436,990
2012 $9,275,502
2011 $9,008,628
2010 $8,875,870
2009 $8,640,727
2008 $8,632,836
2007 $8,294,322
2006 $8,088,814
2005 $7,821,653
2004 $7,575,042
2003 $7,435,297
2002 $7,262,669
2001 $7,151,695
2000 $6,917,415
1999 $6,736,568
1998 $6,629,703
1997 $6,518,729
1996 $6,309,110
Year Equivalent
1995 $6,152,924
1994 $5,992,627
1993 $5,832,331
1992 $5,667,924
1991 $5,499,407
1990 $5,182,924
1989 $4,952,754
1988 $4,743,136
1987 $4,541,737
1986 $4,492,415
1985 $4,328,008
1984 $4,163,602
1983 $4,011,525
1982 $3,863,559
1981 $3,547,076
1980 $3,152,500
1979 $2,782,585
1978 $2,552,415
1977 $2,392,119
1976 $2,281,144
1975 $2,133,178
1974 $1,898,898
1973 $1,746,822
1972 $1,689,280
1971 $1,635,847
1970 $1,549,534
1969 $1,459,110
1968 $1,393,347
Year Equivalent
1967 $1,352,246
1966 $1,307,034
1965 $1,282,373
1964 $1,270,042
1963 $1,249,492
1962 $1,233,051
1961 $1,224,831
1960 $1,208,390
1959 $1,187,839
1958 $1,167,288
1957 $1,134,407
1956 $1,101,525
1955 $1,097,415
1954 $1,105,636
1953 $1,097,415
1952 $1,089,195
1951 $1,027,542
1950 $970,000
1949 $990,551
1948 $961,780
1947 $883,686
1946 $748,051
1945 $731,610
1944 $715,169
1943 $694,619
1942 $637,076
1941 $579,534
1940 $575,424
Year Equivalent
1939 $575,424
1938 $591,864
1937 $575,424
1936 $567,203
1935 $550,763
1934 $542,542
1933 $538,432
1932 $600,085
1931 $661,737
1930 $706,949
1929 $702,839
1928 $711,059
1927 $727,500
1926 $735,720
1925 $711,059
1924 $711,059
1923 $694,619
1922 $711,059
1921 $797,373
1920 $776,822
1919 $678,178
1918 $563,093
1917 $476,780
1916 $423,347
1915 $415,127
1914 $411,017