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Value of 1963 US Dollars today

$100 in 1963
$977.44 in 2022

The inflation rate in the United States between 1963 and today has been 877.44%, which translates into a total increase of $877.44. This means that 100 dollars in 1963 are equivalent to 977.44 dollars in 2022. In other words, the purchasing power of $100 in 1963 equals $977.44 today. The average annual inflation rate between these periods has been 3.94%.

Inflation timeline in the United States (1963 - 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 1963-2021 784.8%
Cumulative inflation 1963-today 877.44%
Avg. Annual inflation 1963-2021 3.83%
CPI 1963 12.92
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 1963 and 2021, use the corresponding CPI values:

Value2021
=Value1963 ×
CPI2021/CPI1963
=$ 100 ×
114.33/12.92
$884.8

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

Valuetoday
=Value1963 ×
CPItoday/CPI1963
=$ 100 ×
126.29/12.92
$977.44

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 58 years between 1963 and 2021 and the average inflation rate was 3.8305%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.038305)58
$884.8

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1963 $8.85 dollars in 2021
$5 dollars in 1963 $44.24 dollars in 2021
$10 dollars in 1963 $88.48 dollars in 2021
$50 dollars in 1963 $442.4 dollars in 2021
$100 dollars in 1963 $884.8 dollars in 2021
$500 dollars in 1963 $4,424 dollars in 2021
$1,000 dollars in 1963 $8,847.99 dollars in 2021
$5,000 dollars in 1963 $44,239.96 dollars in 2021
$10,000 dollars in 1963 $88,479.93 dollars in 2021
$50,000 dollars in 1963 $442,399.63 dollars in 2021
$100,000 dollars in 1963 $884,799.25 dollars in 2021
$500,000 dollars in 1963 $4,423,996.27 dollars in 2021
$1,000,000 dollars in 1963 $8,847,992.53 dollars in 2021
Cumulative inflation From 1963 877.44%
Avg. annual inflation From 1963 3.94%
CPI 1963 12.92
CPI today 126.29

Value of Dollar over time (by year)

Period Value
1963 100
1964 101.28
1965 102.88
1966 105.99
1967 108.93
1968 113.58
1969 119.78
1970 126.78
1971 132.22
1972 136.54
1973 144.98
1974 161.01
1975 175.73
1976 185.82
1977 197.9
1978 213.01
1979 236.98
1980 269.09
1981 296.9
1982 315.1
1983 325.22
1984 339.21
1985 351.24
1986 357.9
1987 371.02
1988 386.15
1989 404.79
1990 426.64
1991 444.71
1992 458.18
1993 471.7
1994 484
1995 497.58
1996 512.16
1997 524.14
1998 532.27
1999 543.92
2000 562.29
2001 578.18
2002 587.35
2003 600.68
2004 616.76
2005 637.69
2006 658.26
2007 677.04
2008 703.03
2009 700.53
2010 712.02
2011 734.5
2012 749.69
2013 760.68
2014 773.02
2015 773.93
2016 783.7
2017 800.39
2018 819.94
2019 834.8
2020 845.1
2021 884.8
2022-10 973.1
Today 977.44

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: