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Value of 1958 US Dollars today

$100 in 1958
$1,006.75 in 2022

The inflation rate in the United States between 1958 and today has been 906.75%, which translates into a total increase of $906.75. This means that 100 dollars in 1958 are equivalent to 1,006.75 dollars in 2022. In other words, the purchasing power of $100 in 1958 equals $1,006.75 today. The average annual inflation rate between these periods has been 3.67%.

Inflation timeline in the United States (1958 - 2022)

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 1958-2021 838.97%
Cumulative inflation 1958-today 906.75%
Avg. Annual inflation 1958-2021 3.62%
CPI 1958 12.18
CPI 2021 114.33
CPI 2022-03 (latest official data) 121.3
CPI today 122.58

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 1958 and 2021, use the corresponding CPI values:

Value2021
=Value1958 ×
CPI2021/CPI1958
=$ 100 ×
114.33/12.18
$938.97

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 122.58:

Valuetoday
=Value1958 ×
CPItoday/CPI1958
=$ 100 ×
122.58/12.18
$1,006.75

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 63 years between 1958 and 2021 and the average inflation rate was 3.6189%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.036189)63
$938.97

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1958 $9.39 dollars in 2021
$5 dollars in 1958 $46.95 dollars in 2021
$10 dollars in 1958 $93.9 dollars in 2021
$50 dollars in 1958 $469.48 dollars in 2021
$100 dollars in 1958 $938.97 dollars in 2021
$500 dollars in 1958 $4,694.83 dollars in 2021
$1,000 dollars in 1958 $9,389.65 dollars in 2021
$5,000 dollars in 1958 $46,948.25 dollars in 2021
$10,000 dollars in 1958 $93,896.5 dollars in 2021
$50,000 dollars in 1958 $469,482.51 dollars in 2021
$100,000 dollars in 1958 $938,965.02 dollars in 2021
$500,000 dollars in 1958 $4,694,825.08 dollars in 2021
$1,000,000 dollars in 1958 $9,389,650.15 dollars in 2021
Cumulative inflation From 1958 906.75%
Avg. annual inflation From 1958 3.67%
CPI 1958 12.18
CPI today 122.58

Value of Dollar over time (by year)

Period Value
1958 100
1959 101.01
1960 102.48
1961 103.58
1962 104.82
1963 106.12
1964 107.48
1965 109.18
1966 112.47
1967 115.59
1968 120.53
1969 127.12
1970 134.54
1971 140.31
1972 144.9
1973 153.85
1974 170.86
1975 186.49
1976 197.2
1977 210.02
1978 226.05
1979 251.49
1980 285.56
1981 315.07
1982 334.39
1983 345.13
1984 359.98
1985 372.74
1986 379.82
1987 393.73
1988 409.79
1989 429.57
1990 452.76
1991 471.93
1992 486.23
1993 500.58
1994 513.63
1995 528.04
1996 543.52
1997 556.22
1998 564.86
1999 577.22
2000 596.71
2001 613.57
2002 623.3
2003 637.45
2004 654.52
2005 676.73
2006 698.56
2007 718.48
2008 746.07
2009 743.41
2010 755.61
2011 779.46
2012 795.59
2013 807.24
2014 820.34
2015 821.31
2016 831.67
2017 849.39
2018 870.14
2019 885.9
2020 896.83
2021 938.97
2022-03 996.26
Today 1,006.75

All available years

Today's value of US dollars by year:

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 |

Other currencies: