$1 million in 2022 is worth $1,144,624 today
$1 million in 2022 has the same buying power as
$1,144,624 in August 2026
That is 14% more, an average inflation rate of 3.33% a year over 4 years.
Put the other way, $1 million today buys what $873,649 bought in 2022. Cash kept under the mattress since 2022 has lost 13% of its value.
$1 million from nearby years
| $1 million in | Worth in August 2026 | Inflation that year |
|---|---|---|
| 2017 | $1,366,596 | 2.1% |
| 2018 | $1,334,013 | 2.4% |
| 2019 | $1,310,271 | 1.8% |
| 2020 | $1,294,304 | 1.2% |
| 2021 | $1,236,225 | 4.7% |
| 2022 | $1,144,624 | 8.0% |
| 2023 | $1,099,369 | 4.1% |
| 2024 | $1,067,873 | 2.9% |
| 2025 | $1,040,495 | 2.6% |
How $1 million from 2022 grew
$1 million of 2022 spending, by category
Not everything rose at the same pace. What $1 million spent on each of these in 2022 costs today:
| Category | Cost in August 2026 |
|---|---|
| Food | $1,147,452 |
| Rent | $1,212,853 |
| Gasoline | $1,034,482 |
| Medical care | $1,084,985 |
| New cars | $1,041,947 |
| College tuition | $1,092,403 |
| Electricity | $1,224,907 |
| Clothing | $1,076,101 |
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Questions
- How much is $1 million in 2022 worth today?
- $1 million in 2022 is worth $1,144,624 in August 2026 dollars, according to the U.S. Consumer Price Index.
- How much would I need today to match $1 million in 2022?
- You would need $1,144,624 to buy what $1 million bought in 2022. That is 1.14 times as much.
- How much buying power has $1 million lost since 2022?
- Kept as cash, $1 million from 2022 buys only what $873,649 of 2022 money bought. It has lost 13% of its buying power.
- What was inflation in 2022?
- Prices rose 8.0% in 2022. Since then the average has been 3.33% a year.
Other amounts from 2022
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