How much is $1 million in 1932 worth today?

$1 million in 1932 is worth $24,451,095 in August 2026 dollars, according to the U.S. Consumer Price Index.

How much would I need today to match $1 million in 1932?

You would need $24,451,095 to buy what $1 million bought in 1932. That is 24.45 times as much.

Kept as cash, $1 million from 1932 buys only what $40,897.96 of 1932 money bought. It has lost 96% of its buying power.

Prices rose -9.9% in 1932. Since then the average has been 3.45% a year.

$1 million in 1932 has the same buying power as

$24,451,095 in August 2026

That is 2,345% more, an average inflation rate of 3.45% a year over 94 years.

Put the other way, $1 million today buys what $40,897.96 bought in 1932. Cash kept under the mattress since 1932 has lost 96% of its value.

$1 million from 1932 in each later year's dollars

Not everything rose at the same pace. What $1 million spent on each of these in 1932 costs today:

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

$1,000,000 in 1932 has the same buying power as

$24,451,095 in August 2026

Prices rose 2,345.1% in total, an average of 3.45% a year.

How much is $1 million in 1932 worth today?: $1 million in 1932 is worth $24,451,095 in August 2026 dollars, according to the U.S. Consumer Price Index.
How much would I need today to match $1 million in 1932?: You would need $24,451,095 to buy what $1 million bought in 1932. That is 24.45 times as much.
How much buying power has $1 million lost since 1932?: Kept as cash, $1 million from 1932 buys only what $40,897.96 of 1932 money bought. It has lost 96% of its buying power.
What was inflation in 1932?: Prices rose -9.9% in 1932. Since then the average has been 3.45% a year.