Value of 1962 US Dollars today

$49,787 in 1962

$432,601.22 in 2021

The inflation rate in the United States between 1962 and today has been 768.9%, which translates into a total increase of $382,814.22. This means that 49,787 dollars in 1962 are equivalent to 432,601.22 dollars in 2021. In other words, the purchasing power of $49,787 in 1962 equals $432,601.22 today. The average annual inflation rate has been 3.67%.

Inflation timeline in the United States (1962-2021)

The following chart depicts the equivalence of $49,787 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 (1962-2021) 768.25%
Total Inflation* 768.9%
Annual inflation avg. (1962-2021) 3.73%
Annual inflation avg.* 3.67%
CPI 1962 12.66
CPI 2021 109.9
CPI today* 109.98
$1 in 1962 $8.68 in 2021

* 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 $49,787 worth today. There are 59 years between 1962 and 2021 and the average inflation rate has been 3.6691%. Therefore, we can resolve the formula like this:

FV = PV (1 + i)n = $49787 * (1 + 0.04)59 = $432,274.13

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 1962 was 12.66 and the CPI today is 109.98. Therefore,

Final value = Initial value *
CPI final/CPI initial
= $49,787 *
109.9/12.66
= $432,274.13

USA inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1962 $8.69 dollars today
$5 dollars in 1962 $43.45 dollars today
$10 dollars in 1962 $86.89 dollars today
$50 dollars in 1962 $434.45 dollars today
$100 dollars in 1962 $868.9 dollars today
$500 dollars in 1962 $4,344.52 dollars today
$1,000 dollars in 1962 $8,689.04 dollars today
$5,000 dollars in 1962 $43,445.2 dollars today
$10,000 dollars in 1962 $86,890.4 dollars today
$50,000 dollars in 1962 $434,451.99 dollars today
$100,000 dollars in 1962 $868,903.97 dollars today
$500,000 dollars in 1962 $4,344,519.86 dollars today
$1,000,000 dollars in 1962 $8,689,039.72 dollars today

Value of Dollar over time (by year)

Period Value
1962 49,787
1963 50,450.81
1964 51,280.61
1965 51,778.47
1966 52,774.22
1967 54,599.74
1968 56,259.3
1969 58,914.62
1970 62,565.65
1971 66,050.74
1972 68,208.2
1973 70,531.57
1974 76,671.97
1975 86,131.5
1976 92,105.94
1977 96,586.78
1978 103,059.08
1979 112,352.65
1980 127,288.77
1981 143,220.6
1982 155,999.26
1983 161,973.7
1984 168,114.1
1985 174,752.36
1986 181,390.61
1987 183,382.12
1988 191,513.99
1989 199,977.8
1990 209,271.34
1991 222,050.03
1992 228,854.24
1993 235,492.5
1994 241,964.84
1995 248,437.14
1996 254,743.49
1997 263,207.27
1998 267,688.1
1999 272,002.98
2000 279,305.09
2001 288,764.58
2002 293,245.41
2003 300,215.61
2004 305,858.11
2005 315,815.54
2006 326,602.72
2007 334,900.54
2008 348,568.71
2009 348,887.36
2010 358,381.74
2011 363,742.17
2012 374,517.71
2013 381,038.16
2014 386,760.36
2015 389,686.18
2016 392,529
2017 400,672.36
2018 409,122.99
2019 416,937.98
2020 426,465.6
2021 432,274.13
Today 432,601.22