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Value of 1964 US Dollars today

$100 in 1964
$965.09 in 2022

The inflation rate in the United States between 1964 and today has been 865.09%, which translates into a total increase of $865.09. This means that 100 dollars in 1964 are equivalent to 965.09 dollars in 2022. In other words, the purchasing power of $100 in 1964 equals $965.09 today. The average annual inflation rate between these periods has been 3.99%.

Inflation timeline in the United States (1964 - 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 1964-2021 773.63%
Cumulative inflation 1964-today 865.09%
Avg. Annual inflation 1964-2021 3.88%
CPI 1964 13.09
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 1964 and 2021, use the corresponding CPI values:

Value2021
=Value1964 ×
CPI2021/CPI1964
=$ 100 ×
114.33/13.09
$873.63

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

Valuetoday
=Value1964 ×
CPItoday/CPI1964
=$ 100 ×
126.29/13.09
$965.09

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 57 years between 1964 and 2021 and the average inflation rate was 3.8758%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=$100 × (1 + 0.038758)57
$873.63

US inflation - Conversion table

Initial Value Equivalent value
$1 dollar in 1964 $8.74 dollars in 2021
$5 dollars in 1964 $43.68 dollars in 2021
$10 dollars in 1964 $87.36 dollars in 2021
$50 dollars in 1964 $436.81 dollars in 2021
$100 dollars in 1964 $873.63 dollars in 2021
$500 dollars in 1964 $4,368.13 dollars in 2021
$1,000 dollars in 1964 $8,736.26 dollars in 2021
$5,000 dollars in 1964 $43,681.31 dollars in 2021
$10,000 dollars in 1964 $87,362.62 dollars in 2021
$50,000 dollars in 1964 $436,813.12 dollars in 2021
$100,000 dollars in 1964 $873,626.23 dollars in 2021
$500,000 dollars in 1964 $4,368,131.15 dollars in 2021
$1,000,000 dollars in 1964 $8,736,262.31 dollars in 2021
Cumulative inflation From 1964 865.09%
Avg. annual inflation From 1964 3.99%
CPI 1964 13.09
CPI today 126.29

Value of Dollar over time (by year)

Period Value
1964 100
1965 101.59
1966 104.65
1967 107.55
1968 112.14
1969 118.27
1970 125.17
1971 130.55
1972 134.82
1973 143.15
1974 158.97
1975 173.51
1976 183.48
1977 195.41
1978 210.32
1979 233.99
1980 265.69
1981 293.15
1982 311.12
1983 321.12
1984 334.93
1985 346.8
1986 353.39
1987 366.34
1988 381.27
1989 399.68
1990 421.25
1991 439.09
1992 452.39
1993 465.74
1994 477.89
1995 491.3
1996 505.7
1997 517.52
1998 525.55
1999 537.05
2000 555.19
2001 570.88
2002 579.93
2003 593.1
2004 608.97
2005 629.63
2006 649.95
2007 668.49
2008 694.15
2009 691.68
2010 703.03
2011 725.22
2012 740.23
2013 751.07
2014 763.25
2015 764.16
2016 773.8
2017 790.28
2018 809.59
2019 824.26
2020 834.43
2021 873.63
2022-10 960.81
Today 965.09

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: