Calculate the Value of $970,000 in 1971

What is $970k in 1971 worth in today's money?
Amount
$
From
To
$7,233,495
Adjusted for inflation, $970,000 in 1971 is equal to $7,233,495 in 2023.
Annual inflation over this period was 3.94%.
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 1971 dollars worth?
Year Equivalent
2023 $7,233,495
2022 $6,794,923
2021 $6,348,236
2020 $6,262,934
2019 $6,123,015
2018 $6,008,248
2017 $5,884,147
2016 $5,764,554
2015 $5,722,805
2014 $5,679,837
2013 $5,595,803
2012 $5,500,046
2011 $5,341,800
2010 $5,263,079
2009 $5,123,647
2008 $5,118,968
2007 $4,918,241
2006 $4,796,382
2005 $4,637,965
2004 $4,491,734
2003 $4,408,869
2002 $4,306,508
2001 $4,240,704
2000 $4,101,784
1999 $3,994,548
1998 $3,931,181
1997 $3,865,377
1996 $3,741,080
Year Equivalent
1995 $3,648,467
1994 $3,553,417
1993 $3,458,367
1992 $3,360,879
1991 $3,260,955
1990 $3,073,291
1989 $2,936,809
1988 $2,812,513
1987 $2,693,090
1986 $2,663,844
1985 $2,566,357
1984 $2,468,869
1983 $2,378,693
1982 $2,290,955
1981 $2,103,291
1980 $1,869,322
1979 $1,649,975
1978 $1,513,492
1977 $1,418,442
1976 $1,352,638
1975 $1,264,899
1974 $1,125,980
1973 $1,035,804
1972 $1,001,683
1971 $970,000
1970 $918,819
1969 $865,201
1968 $826,206
Year Equivalent
1967 $801,834
1966 $775,025
1965 $760,402
1964 $753,090
1963 $740,905
1962 $731,156
1961 $726,281
1960 $716,533
1959 $704,347
1958 $692,161
1957 $672,663
1956 $653,166
1955 $650,729
1954 $655,603
1953 $650,729
1952 $645,854
1951 $609,296
1950 $575,176
1949 $587,362
1948 $570,302
1947 $523,995
1946 $443,568
1945 $433,819
1944 $424,070
1943 $411,884
1942 $377,764
1941 $343,643
1940 $341,206
Year Equivalent
1939 $341,206
1938 $350,955
1937 $341,206
1936 $336,332
1935 $326,583
1934 $321,709
1933 $319,271
1932 $355,829
1931 $392,387
1930 $419,196
1929 $416,759
1928 $421,633
1927 $431,382
1926 $436,256
1925 $421,633
1924 $421,633
1923 $411,884
1922 $421,633
1921 $472,814
1920 $460,628
1919 $402,136
1918 $333,894
1917 $282,714
1916 $251,030
1915 $246,156
1914 $243,719