# Value of 1958 US Dollars today

\$100 in 1958

\$905.87 in 2020

The inflation rate in the United States between 1958 and today has been 805.87%, which translates into a total increase of \$805.87. This means that 100 dollars in 1958 are equivalent to 905.87 dollars in 2020. In other words, the purchasing power of \$100 in 1958 equals \$905.87 today. The average annual inflation rate has been 3.56%.

## Inflation timeline in the United States (1958-2020)

The following chart depicts the equivalence of \$100 throughout the years due to 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 obtained by estimating figures from recent trends.

The following table contains relevant indicators:

Indicator Value
Total Inflation (1958-2020) 804.84%
Total Inflation* 805.87%
Annual inflation avg. (1958-2020) 3.62%
Annual inflation avg.* 3.56%
CPI 1958 11.98
CPI 2020 108.42
CPI today* 108.54
\$1 in 1958 \$9.05 in 2020

* Values extrapolated from the last official data to obtain today's values.

## 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 compound interest formula or the Consumer Price Index (CPI) formula.

#### Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as a compound interest, the following formula can be used: 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 62 years between 1958 and 2020 and the average inflation rate has been 3.5599%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = \$100 * (1 + 0.04)62 = \$904.84

#### Using the CPI formula

When the CPI for both start and end years is known, the following formula can be used:

Final value = Initial value *
CPI final/CPI initial

In this case, the CPI in 1958 was 11.98 and the CPI today is 108.54. Therefore,

Final value = Initial value *
CPI final/CPI initial
= \$100 *
108.42/11.98
= \$904.84

### USA inflation - Conversion table

Initial Value Equivalent value
\$1 dollar in 1958 \$9.06 dollars today
\$5 dollars in 1958 \$45.29 dollars today
\$10 dollars in 1958 \$90.59 dollars today
\$50 dollars in 1958 \$452.94 dollars today
\$100 dollars in 1958 \$905.87 dollars today
\$500 dollars in 1958 \$4,529.36 dollars today
\$1,000 dollars in 1958 \$9,058.72 dollars today
\$5,000 dollars in 1958 \$45,293.62 dollars today
\$10,000 dollars in 1958 \$90,587.23 dollars today
\$50,000 dollars in 1958 \$452,936.16 dollars today
\$100,000 dollars in 1958 \$905,872.33 dollars today
\$500,000 dollars in 1958 \$4,529,361.64 dollars today
\$1,000,000 dollars in 1958 \$9,058,723.27 dollars today

Period Value
1958 100
1959 101.76
1960 103.52
1961 104.93
1962 105.63
1963 107.04
1964 108.8
1965 109.86
1966 111.97
1967 115.85
1968 119.37
1969 125
1970 132.75
1971 140.14
1972 144.72
1973 149.65
1974 162.68
1975 182.75
1976 195.42
1977 204.93
1978 218.66
1979 238.38
1980 270.07
1981 303.87
1982 330.99
1983 343.66
1984 356.69
1985 370.77
1986 384.86
1987 389.08
1988 406.34
1989 424.3
1990 444.01
1991 471.13
1992 485.56
1993 499.65
1994 513.38
1995 527.11
1996 540.49
1997 558.45
1998 567.96
1999 577.11
2000 592.61
2001 612.68
2002 622.18
2003 636.97
2004 648.94
2005 670.07
2006 692.96
2007 710.56
2008 739.56
2009 740.24
2010 760.38
2011 771.76
2012 794.62
2013 808.45
2014 820.6
2015 826.8
2016 832.83
2017 850.11
2018 868.04
2019 884.62
2020 904.84
Today 905.87