# Value of 1959 US Dollars today

\$100 in 1959

\$890.54 in 2020

The inflation rate in the United States between 1959 and today has been 790.54%, which translates into a total increase of \$790.54. This means that 100 dollars in 1959 are equivalent to 890.54 dollars in 2020. In other words, the purchasing power of \$100 in 1959 equals \$890.54 today. The average annual inflation rate has been 3.59%.

## Inflation timeline in the United States (1959-2020)

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 (1959-2020) 789.18%
Total Inflation* 790.54%
Annual inflation avg. (1959-2020) 3.65%
Annual inflation avg.* 3.59%
CPI 1959 12.19
CPI 2020 108.42
CPI today* 108.59
\$1 in 1959 \$8.89 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 61 years between 1959 and 2020 and the average inflation rate has been 3.5898%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = \$100 * (1 + 0.04)61 = \$889.18

#### 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 1959 was 12.19 and the CPI today is 108.59. Therefore,

Final value = Initial value *
CPI final/CPI initial
= \$100 *
108.42/12.19
= \$889.18

### USA inflation - Conversion table

Initial Value Equivalent value
\$1 dollar in 1959 \$8.91 dollars today
\$5 dollars in 1959 \$44.53 dollars today
\$10 dollars in 1959 \$89.05 dollars today
\$50 dollars in 1959 \$445.27 dollars today
\$100 dollars in 1959 \$890.54 dollars today
\$500 dollars in 1959 \$4,452.69 dollars today
\$1,000 dollars in 1959 \$8,905.38 dollars today
\$5,000 dollars in 1959 \$44,526.91 dollars today
\$10,000 dollars in 1959 \$89,053.81 dollars today
\$50,000 dollars in 1959 \$445,269.05 dollars today
\$100,000 dollars in 1959 \$890,538.1 dollars today
\$500,000 dollars in 1959 \$4,452,690.51 dollars today
\$1,000,000 dollars in 1959 \$8,905,381.03 dollars today

Period Value
1959 100
1960 101.73
1961 103.11
1962 103.81
1963 105.19
1964 106.92
1965 107.96
1966 110.03
1967 113.84
1968 117.3
1969 122.84
1970 130.45
1971 137.72
1972 142.21
1973 147.06
1974 159.86
1975 179.58
1976 192.04
1977 201.38
1978 214.88
1979 234.26
1980 265.4
1981 298.62
1982 325.26
1983 337.72
1984 350.52
1985 364.36
1986 378.2
1987 382.35
1988 399.31
1989 416.95
1990 436.33
1991 462.98
1992 477.16
1993 491
1994 504.5
1995 517.99
1996 531.14
1997 548.79
1998 558.13
1999 567.13
2000 582.35
2001 602.08
2002 611.42
2003 625.95
2004 637.72
2005 658.48
2006 680.97
2007 698.27
2008 726.77
2009 727.43
2010 747.23
2011 758.4
2012 780.87
2013 794.47
2014 806.4
2015 812.5
2016 818.43
2017 835.4
2018 853.02
2019 869.32
2020 889.18
Today 890.54