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Value of 1941 US Dollars today

$100 in 1941
$2,136.72 in 2024

The inflation rate in the United States between 1941 and today has been 2,036.72%, which translates into a total increase of $2,036.72. This means that 100 dollars in 1941 are equivalent to 2,136.72 dollars in 2024. In other words, the purchasing power of $100 in 1941 equals $2,136.72 today. The average annual inflation rate between these periods has been 3.76%.

Inflation timeline in the United States (1941 - 2024)

The following chart depicts the equivalence of $100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (USD) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1941-2023 1,969.28%
Cumulative inflation 1941-today 2,036.72%
Avg. Annual inflation 1941-2023 3.76%
CPI 1941 14.73
CPI 2023 304.7
CPI 2024-05 (latest official data) 314.07
CPI today 314.63

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1941 and 2023, use the corresponding CPI values:

Value2023
=Value1941 ×
CPI2023/CPI1941
=$ 100 ×
304.7/14.73
$2,069.28

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 314.63:

Valuetoday
=Value1941 ×
CPItoday/CPI1941
=$ 100 ×
314.63/14.73
$2,136.72

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are $100 worth today. There are 82 years between 1941 and 2023 and the average inflation rate was 3.764%. Therefore, we can resolve the formula like this:

Value2023
=PV × (1 + i)n
=$100 × (1 + 0.03764)82
$2,069.28

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1941 $20.69 dollars in 2023
$5 dollars in 1941 $103.46 dollars in 2023
$10 dollars in 1941 $206.93 dollars in 2023
$50 dollars in 1941 $1,034.64 dollars in 2023
$100 dollars in 1941 $2,069.28 dollars in 2023
$500 dollars in 1941 $10,346.4 dollars in 2023
$1,000 dollars in 1941 $20,692.81 dollars in 2023
$5,000 dollars in 1941 $103,464.04 dollars in 2023
$10,000 dollars in 1941 $206,928.07 dollars in 2023
$50,000 dollars in 1941 $1,034,640.35 dollars in 2023
$100,000 dollars in 1941 $2,069,280.7 dollars in 2023
$500,000 dollars in 1941 $10,346,403.51 dollars in 2023
$1,000,000 dollars in 1941 $20,692,807.02 dollars in 2023
Cumulative inflation From 1941 2,036.72%
Avg. annual inflation From 1941 3.76%
CPI 1941 14.73
CPI today 314.63

Value of Dollar over time (by year)

Period Value
1941 100
1942 110.92
1943 117.54
1944 119.47
1945 122.18
1946 132.54
1947 151.61
1948 163.27
1949 161.69
1950 163.44
1951 176.29
1952 180.31
1953 181.78
1954 182.34
1955 181.83
1956 184.61
1957 190.78
1958 195.98
1959 197.96
1960 200.85
1961 203
1962 205.43
1963 207.98
1964 210.64
1965 213.98
1966 220.43
1967 226.54
1968 236.22
1969 249.12
1970 263.67
1971 274.99
1972 283.98
1973 301.53
1974 334.86
1975 365.48
1976 386.47
1977 411.6
1978 443.01
1979 492.87
1980 559.65
1981 617.49
1982 655.35
1983 676.4
1984 705.49
1985 730.5
1986 744.37
1987 771.65
1988 803.11
1989 841.88
1990 887.32
1991 924.9
1992 952.91
1993 981.04
1994 1,006.62
1995 1,034.86
1996 1,065.2
1997 1,090.1
1998 1,107.02
1999 1,131.24
2000 1,169.44
2001 1,202.49
2002 1,221.56
2003 1,249.29
2004 1,282.74
2005 1,326.26
2006 1,369.04
2007 1,408.1
2008 1,462.16
2009 1,456.96
2010 1,480.85
2011 1,527.6
2012 1,559.21
2013 1,582.05
2014 1,607.72
2015 1,609.62
2016 1,629.93
2017 1,664.65
2018 1,705.31
2019 1,736.21
2020 1,757.63
2021 1,840.2
2022 1,987.47
2023 2,069.28
2024-05 2,132.9
Today 2,136.72

All available years

Today's value of US dollars by year:

1913 | 1914 | 1915 | 1916 | 1917 | 1918 | 1919 | 1920 | 1921 | 1922 | 1923 | 1924 | 1925 | 1926 | 1927 | 1928 | 1929 | 1930 | 1931 | 1932 | 1933 | 1934 | 1935 | 1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 | 1946 | 1947 | 1948 | 1949 | 1950 | 1951 | 1952 | 1953 | 1954 | 1955 | 1956 | 1957 | 1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |

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