Calculate the Value of $980,000 in 1989

What is $980k in 1989 money adjusted for inflation? Convert $980,000 from 1989 dollars to 2024 dollars.
Amount
$
From
To
$2,494,698
Adjusted for inflation, $980,000 in 1989 is equal to $2,494,698 in 2024.
Annual inflation over this period was 2.71%.
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 $980,000 in 1989 dollars worth?
Year Equivalent
2024 $2,494,698
2023 $2,413,785
2022 $2,267,435
2021 $2,118,378
2020 $2,089,913
2019 $2,043,223
2018 $2,004,925
2017 $1,963,513
2016 $1,923,606
2015 $1,909,674
2014 $1,895,336
2013 $1,867,294
2012 $1,835,341
2011 $1,782,535
2010 $1,756,266
2009 $1,709,738
2008 $1,708,177
2007 $1,641,195
2006 $1,600,531
2005 $1,547,668
2004 $1,498,871
2003 $1,471,220
2002 $1,437,062
2001 $1,415,104
2000 $1,368,747
1999 $1,332,963
1998 $1,311,817
1997 $1,289,859
Year Equivalent
1996 $1,248,382
1995 $1,217,477
1994 $1,185,759
1993 $1,154,041
1992 $1,121,510
1991 $1,088,166
1990 $1,025,544
1989 $980,000
1988 $938,523
1987 $898,672
1986 $888,913
1985 $856,382
1984 $823,851
1983 $793,759
1982 $764,481
1981 $701,859
1980 $623,784
1979 $550,589
1978 $505,046
1977 $473,328
1976 $451,369
1975 $422,091
1974 $375,734
1973 $345,643
1972 $334,257
1971 $323,685
1970 $306,606
1969 $288,714
Year Equivalent
1968 $275,701
1967 $267,568
1966 $258,622
1965 $253,743
1964 $251,303
1963 $247,237
1962 $243,983
1961 $242,357
1960 $239,104
1959 $235,037
1958 $230,971
1957 $224,465
1956 $217,959
1955 $217,145
1954 $218,772
1953 $217,145
1952 $215,519
1951 $203,320
1950 $191,934
1949 $196,000
1948 $190,307
1947 $174,855
1946 $148,017
1945 $144,763
1944 $141,510
1943 $137,444
1942 $126,058
1941 $114,672
Year Equivalent
1940 $113,859
1939 $113,859
1938 $117,112
1937 $113,859
1936 $112,232
1935 $108,979
1934 $107,353
1933 $106,539
1932 $118,739
1931 $130,938
1930 $139,884
1929 $139,071
1928 $140,697
1927 $143,950
1926 $145,577
1925 $140,697
1924 $140,697
1923 $137,444
1922 $140,697
1921 $157,776
1920 $153,710
1919 $134,191
1918 $111,419
1917 $94,340
1916 $83,768
1915 $82,141
1914 $81,328