Value of 1961 US Dollars today

$100 in 1961

$848.62 in 2018

The inflation rate in the United States between 1961 and today has been 748.62%, which translates into a total increase of $748.62. This means that 100 dollars in 1961 are equivalent to 848.62 dollars in 2018. In other words, the purchasing power of $100 in 1961 equals $848.62 today. The average annual inflation rate has been 3.76%.

Inflation timeline in the United States (1961-2018)

The following chart ilustrates the equivalence of $100 throughout the years due to inflation and CPI changes. All values are equivalent in terms of purchashing 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 (1961-2018) 727.26%
Total Inflation* 748.62%
Annual inflation avg. (1961-2018) 3.78%
Annual inflation avg.* 3.76%
CPI 1961 12.57
CPI 2018 104.01
CPI today* 106.7
$1 in 1961 $8.27 in 2018

* 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 in 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 57 years between 1961 and 2018 and the average inflation rate has been 3.7558%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $100 * (1 + 0.04)57 = $827.26

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 1961 was 12.57 and the CPI today is 106.7. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $100 *
104.01/12.57
= $827.26

USA inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1961 $8.49 dollars today
$5 dollars in 1961 $42.43 dollars today
$10 dollars in 1961 $84.86 dollars today
$50 dollars in 1961 $424.31 dollars today
$100 dollars in 1961 $848.62 dollars today
$500 dollars in 1961 $4,243.09 dollars today
$1,000 dollars in 1961 $8,486.18 dollars today
$5,000 dollars in 1961 $42,430.88 dollars today
$10,000 dollars in 1961 $84,861.77 dollars today
$50,000 dollars in 1961 $424,308.83 dollars today
$100,000 dollars in 1961 $848,617.67 dollars today
$500,000 dollars in 1961 $4,243,088.34 dollars today
$1,000,000 dollars in 1961 $8,486,176.67 dollars today

Value of Dollar in time (by year)

Period Value
1961 100
1962 100.67
1963 102.01
1964 103.69
1965 104.7
1966 106.71
1967 110.4
1968 113.76
1969 119.13
1970 126.51
1971 133.56
1972 137.92
1973 142.62
1974 155.03
1975 174.16
1976 186.24
1977 195.3
1978 208.39
1979 227.18
1980 257.38
1981 289.6
1982 315.44
1983 327.52
1984 339.93
1985 353.36
1986 366.78
1987 370.81
1988 387.25
1989 404.36
1990 423.15
1991 448.99
1992 462.75
1993 476.17
1994 489.26
1995 502.35
1996 515.1
1997 532.21
1998 541.28
1999 550
2000 564.77
2001 583.89
2002 592.95
2003 607.05
2004 618.46
2005 638.59
2006 660.4
2007 677.18
2008 704.82
2009 705.46
2010 724.66
2011 735.5
2012 757.29
2013 770.47
2014 782.04
2015 787.96
2016 793.71
2017 810.17
2018 827.26
Today 848.62