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Value of 1960 US Dollars today

$100 in 1960
$1,012.14 in 2022

The inflation rate in the United States between 1960 and today has been 912.14%, which translates into a total increase of $912.14. This means that 100 dollars in 1960 are equivalent to 1,012.14 dollars in 2022. In other words, the purchasing power of $100 in 1960 equals $1,012.14 today. The average annual inflation rate between these periods has been 3.8%.

Inflation timeline in the United States (1960 - 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 1960-2021 816.21%
Cumulative inflation 1960-today 912.14%
Avg. Annual inflation 1960-2021 3.7%
CPI 1960 12.48
CPI 2021 114.33
CPI 2022-10 (latest official data) 125.73
CPI today 126.29

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 1960 and 2021, use the corresponding CPI values:

Value2021
=Value1960 ×
CPI2021/CPI1960
=$ 100 ×
114.33/12.48
$916.21

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 126.29:

Valuetoday
=Value1960 ×
CPItoday/CPI1960
=$ 100 ×
126.29/12.48
$1,012.14

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 61 years between 1960 and 2021 and the average inflation rate was 3.698%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.03698)61
$916.21

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1960 $9.16 dollars in 2021
$5 dollars in 1960 $45.81 dollars in 2021
$10 dollars in 1960 $91.62 dollars in 2021
$50 dollars in 1960 $458.11 dollars in 2021
$100 dollars in 1960 $916.21 dollars in 2021
$500 dollars in 1960 $4,581.06 dollars in 2021
$1,000 dollars in 1960 $9,162.12 dollars in 2021
$5,000 dollars in 1960 $45,810.59 dollars in 2021
$10,000 dollars in 1960 $91,621.18 dollars in 2021
$50,000 dollars in 1960 $458,105.9 dollars in 2021
$100,000 dollars in 1960 $916,211.8 dollars in 2021
$500,000 dollars in 1960 $4,581,059 dollars in 2021
$1,000,000 dollars in 1960 $9,162,118 dollars in 2021
Cumulative inflation From 1960 912.14%
Avg. annual inflation From 1960 3.8%
CPI 1960 12.48
CPI today 126.29

Value of Dollar over time (by year)

Period Value
1960 100
1961 101.07
1962 102.28
1963 103.55
1964 104.87
1965 106.54
1966 109.75
1967 112.79
1968 117.61
1969 124.03
1970 131.28
1971 136.91
1972 141.39
1973 150.13
1974 166.72
1975 181.97
1976 192.42
1977 204.93
1978 220.57
1979 245.39
1980 278.64
1981 307.44
1982 326.29
1983 336.77
1984 351.25
1985 363.71
1986 370.61
1987 384.19
1988 399.86
1989 419.16
1990 441.79
1991 460.5
1992 474.44
1993 488.45
1994 501.18
1995 515.24
1996 530.35
1997 542.74
1998 551.17
1999 563.23
2000 582.25
2001 598.7
2002 608.2
2003 622.01
2004 638.66
2005 660.33
2006 681.63
2007 701.07
2008 727.99
2009 725.4
2010 737.3
2011 760.57
2012 776.31
2013 787.68
2014 800.46
2015 801.41
2016 811.52
2017 828.81
2018 849.05
2019 864.44
2020 875.1
2021 916.21
2022-10 1,007.65
Today 1,012.14

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: