How much is $1 million in 1994 worth today?

$1 million in 1994 is worth $2,260,324 in August 2026 dollars, according to the U.S. Consumer Price Index.

How much would I need today to match $1 million in 1994?

You would need $2,260,324 to buy what $1 million bought in 1994. That is 2.26 times as much.

Kept as cash, $1 million from 1994 buys only what $442,414 of 1994 money bought. It has lost 56% of its buying power.

Prices rose 2.6% in 1994. Since then the average has been 2.57% a year.

$1 million in 1994 has the same buying power as

$2,260,324 in August 2026

That is 126% more, an average inflation rate of 2.57% a year over 32 years.

Put the other way, $1 million today buys what $442,414 bought in 1994. Cash kept under the mattress since 1994 has lost 56% of its value.

$1 million from 1994 in each later year's dollars

Not everything rose at the same pace. What $1 million spent on each of these in 1994 costs today:

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

$1,000,000 in 1994 has the same buying power as

$2,260,324 in August 2026

Prices rose 126.0% in total, an average of 2.57% a year.

How much is $1 million in 1994 worth today?: $1 million in 1994 is worth $2,260,324 in August 2026 dollars, according to the U.S. Consumer Price Index.
How much would I need today to match $1 million in 1994?: You would need $2,260,324 to buy what $1 million bought in 1994. That is 2.26 times as much.
How much buying power has $1 million lost since 1994?: Kept as cash, $1 million from 1994 buys only what $442,414 of 1994 money bought. It has lost 56% of its buying power.
What was inflation in 1994?: Prices rose 2.6% in 1994. Since then the average has been 2.57% a year.