How much is $1 million in 1988 worth today?

$1 million in 1988 is worth $2,831,615 in August 2026 dollars, according to the U.S. Consumer Price Index.

How much would I need today to match $1 million in 1988?

You would need $2,831,615 to buy what $1 million bought in 1988. That is 2.83 times as much.

Kept as cash, $1 million from 1988 buys only what $353,155 of 1988 money bought. It has lost 65% of its buying power.

Prices rose 4.1% in 1988. Since then the average has been 2.77% a year.

$1 million in 1988 has the same buying power as

$2,831,615 in August 2026

That is 183% more, an average inflation rate of 2.77% a year over 38 years.

Put the other way, $1 million today buys what $353,155 bought in 1988. Cash kept under the mattress since 1988 has lost 65% of its value.

$1 million from 1988 in each later year's dollars

Not everything rose at the same pace. What $1 million spent on each of these in 1988 costs today:

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

$1,000,000 in 1988 has the same buying power as

$2,831,615 in August 2026

Prices rose 183.2% in total, an average of 2.77% a year.

How much is $1 million in 1988 worth today?: $1 million in 1988 is worth $2,831,615 in August 2026 dollars, according to the U.S. Consumer Price Index.
How much would I need today to match $1 million in 1988?: You would need $2,831,615 to buy what $1 million bought in 1988. That is 2.83 times as much.
How much buying power has $1 million lost since 1988?: Kept as cash, $1 million from 1988 buys only what $353,155 of 1988 money bought. It has lost 65% of its buying power.
What was inflation in 1988?: Prices rose 4.1% in 1988. Since then the average has been 2.77% a year.