How much is $1 million in 1922 worth today?

$1 million in 1922 is worth $19,939,286 in August 2026 dollars, according to the U.S. Consumer Price Index.

How much would I need today to match $1 million in 1922?

You would need $19,939,286 to buy what $1 million bought in 1922. That is 19.94 times as much.

Kept as cash, $1 million from 1922 buys only what $50,152.25 of 1922 money bought. It has lost 95% of its buying power.

Prices rose -6.1% in 1922. Since then the average has been 2.92% a year.

$1 million in 1922 has the same buying power as

$19,939,286 in August 2026

That is 1,894% more, an average inflation rate of 2.92% a year over 104 years.

Put the other way, $1 million today buys what $50,152.25 bought in 1922. Cash kept under the mattress since 1922 has lost 95% of its value.

$1 million from 1922 in each later year's dollars

Not everything rose at the same pace. What $1 million spent on each of these in 1922 costs today:

Amount ($) From year From month To year To month

$1,000,000 in 1922 has the same buying power as

$19,939,286 in August 2026

Prices rose 1,893.9% in total, an average of 2.92% a year.

How much is $1 million in 1922 worth today?: $1 million in 1922 is worth $19,939,286 in August 2026 dollars, according to the U.S. Consumer Price Index.
How much would I need today to match $1 million in 1922?: You would need $19,939,286 to buy what $1 million bought in 1922. That is 19.94 times as much.
How much buying power has $1 million lost since 1922?: Kept as cash, $1 million from 1922 buys only what $50,152.25 of 1922 money bought. It has lost 95% of its buying power.
What was inflation in 1922?: Prices rose -6.1% in 1922. Since then the average has been 2.92% a year.