# \$1,000,000 in 1780 is worth \$17,300,510.95 in 2015

\$

## Value of \$1,000,000 from 1780 to 2015

According to the Bureau of Labor Statistics consumer price index, prices in 2015 are 1,630.05% higher than average prices since 1780. The U.S. dollar experienced an average inflation rate of 1.22% per year during this period, causing the real value of a dollar to decrease.

In other words, \$1,000,000 in 1780 is equivalent in purchasing power to about \$17,300,510.95 in 2015, a difference of \$16,300,510.95 over 235 years.

The 1780 inflation rate was 12.30%. The inflation rate in 2015 was 0.12%. The 2015 inflation rate is lower compared to the average inflation rate of 1.58% per year between 2015 and 2020.

 Cumulative price change 1,630.05% Average inflation rate 1.22% Converted amount (\$1,000,000 base) \$17,300,510.95 Price difference (\$1,000,000 base) \$16,300,510.95 CPI in 1780 13.700 CPI in 2015 237.017 Inflation in 1780 12.30% Inflation in 2015 0.12%

USD Inflation since 1635
Annual Rate, the Bureau of Labor Statistics CPI

## Buying power of \$1,000,000 in 1780

This chart shows a calculation of buying power equivalence for \$1,000,000 in 1780 (price index tracking began in 1635).

For example, if you started with \$1,000,000, you would need to end with \$17,300,510.95 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When \$1,000,000 is equivalent to \$17,300,510.95 over time, that means that the "real value" of a single U.S. dollar decreases over time. In other words, a dollar will pay for fewer items at the store.

This effect explains how inflation erodes the value of a dollar over time. By calculating the value in 1780 dollars, the chart below shows how \$1,000,000 is worth less over 235 years.

According to the Bureau of Labor Statistics, each of these USD amounts below is equal in terms of what it could buy at the time:

Dollar inflation: 1780-2015
Year Dollar Value Inflation Rate
1780 \$1,000,000.00 12.30%
1781 \$810,218.98 -18.98%
1782 \$883,211.68 9.01%
1783 \$773,722.63 -12.40%
1784 \$744,525.55 -3.77%
1785 \$708,029.20 -4.90%
1786 \$693,430.66 -2.06%
1787 \$678,832.12 -2.11%
1788 \$649,635.04 -4.30%
1789 \$642,335.77 -1.12%
1790 \$671,532.85 4.55%
1791 \$686,131.39 2.17%
1792 \$700,729.93 2.13%
1793 \$722,627.74 3.13%
1794 \$802,919.71 11.11%
1795 \$919,708.03 14.55%
1796 \$963,503.65 4.76%
1797 \$927,007.30 -3.79%
1798 \$897,810.22 -3.15%
1799 \$897,810.22 0.00%
1800 \$919,708.03 2.44%
1801 \$927,007.30 0.79%
1802 \$781,021.90 -15.75%
1803 \$824,817.52 5.61%
1804 \$861,313.87 4.42%
1805 \$854,014.60 -0.85%
1806 \$890,510.95 4.27%
1807 \$846,715.33 -4.92%
1808 \$919,708.03 8.62%
1809 \$897,810.22 -2.38%
1810 \$897,810.22 0.00%
1811 \$956,204.38 6.50%
1812 \$970,802.92 1.53%
1813 \$1,167,883.21 20.30%
1814 \$1,284,671.53 10.00%
1815 \$1,124,087.59 -12.50%
1816 \$1,029,197.08 -8.44%
1817 \$970,802.92 -5.67%
1818 \$927,007.30 -4.51%
1819 \$927,007.30 0.00%
1820 \$854,014.60 -7.87%
1821 \$824,817.52 -3.42%
1822 \$854,014.60 3.54%
1823 \$766,423.36 -10.26%
1824 \$708,029.20 -7.62%
1825 \$722,627.74 2.06%
1826 \$722,627.74 0.00%
1827 \$729,927.01 1.01%
1828 \$693,430.66 -5.00%
1829 \$678,832.12 -2.11%
1830 \$671,532.85 -1.08%
1831 \$635,036.50 -5.43%
1832 \$627,737.23 -1.15%
1833 \$613,138.69 -2.33%
1834 \$627,737.23 2.38%
1835 \$642,335.77 2.33%
1836 \$678,832.12 5.68%
1837 \$700,729.93 3.23%
1838 \$678,832.12 -3.12%
1839 \$678,832.12 0.00%
1840 \$635,036.50 -6.45%
1841 \$635,036.50 0.00%
1842 \$598,540.15 -5.75%
1843 \$540,145.99 -9.76%
1844 \$547,445.26 1.35%
1845 \$554,744.53 1.33%
1846 \$562,043.80 1.32%
1847 \$598,540.15 6.49%
1848 \$576,642.34 -3.66%
1849 \$562,043.80 -2.53%
1850 \$569,343.07 1.30%
1851 \$562,043.80 -1.28%
1852 \$562,043.80 0.00%
1853 \$562,043.80 0.00%
1854 \$613,138.69 9.09%
1855 \$635,036.50 3.57%
1856 \$620,437.96 -2.30%
1857 \$635,036.50 2.35%
1858 \$598,540.15 -5.75%
1859 \$605,839.42 1.22%
1860 \$605,839.42 0.00%
1861 \$642,335.77 6.02%
1862 \$737,226.28 14.77%
1863 \$919,708.03 24.75%
1864 \$1,145,985.40 24.60%
1865 \$1,189,781.02 3.82%
1866 \$1,160,583.94 -2.45%
1867 \$1,080,291.97 -6.92%
1868 \$1,036,496.35 -4.05%
1869 \$992,700.73 -4.23%
1870 \$956,204.38 -3.68%
1871 \$890,510.95 -6.87%
1872 \$890,510.95 0.00%
1873 \$875,912.41 -1.64%
1874 \$832,116.79 -5.00%
1875 \$802,919.71 -3.51%
1876 \$781,021.90 -2.73%
1877 \$766,423.36 -1.87%
1878 \$729,927.01 -4.76%
1879 \$729,927.01 0.00%
1880 \$744,525.55 2.00%
1881 \$744,525.55 0.00%
1882 \$744,525.55 0.00%
1883 \$737,226.28 -0.98%
1884 \$715,328.47 -2.97%
1885 \$708,029.20 -1.02%
1886 \$686,131.39 -3.09%
1887 \$693,430.66 1.06%
1888 \$693,430.66 0.00%
1889 \$671,532.85 -3.16%
1890 \$664,233.58 -1.09%
1891 \$664,233.58 0.00%
1892 \$664,233.58 0.00%
1893 \$656,934.31 -1.10%
1894 \$627,737.23 -4.44%
1895 \$613,138.69 -2.33%
1896 \$613,138.69 0.00%
1897 \$605,839.42 -1.19%
1898 \$605,839.42 0.00%
1899 \$605,839.42 0.00%
1900 \$613,138.69 1.20%
1901 \$620,437.96 1.19%
1902 \$627,737.23 1.18%
1903 \$642,335.77 2.33%
1904 \$649,635.04 1.14%
1905 \$642,335.77 -1.12%
1906 \$656,934.31 2.27%
1907 \$686,131.39 4.44%
1908 \$671,532.85 -2.13%
1909 \$664,233.58 -1.09%
1910 \$693,430.66 4.40%
1911 \$693,430.66 0.00%
1912 \$708,029.20 2.11%
1913 \$722,627.74 2.06%
1914 \$729,927.01 1.01%
1915 \$737,226.28 1.00%
1916 \$795,620.44 7.92%
1917 \$934,306.57 17.43%
1918 \$1,102,189.78 17.97%
1919 \$1,262,773.72 14.57%
1920 \$1,459,854.01 15.61%
1921 \$1,306,569.34 -10.50%
1922 \$1,226,277.37 -6.15%
1923 \$1,248,175.18 1.79%
1924 \$1,248,175.18 0.00%
1925 \$1,277,372.26 2.34%
1926 \$1,291,970.80 1.14%
1927 \$1,270,072.99 -1.69%
1928 \$1,248,175.18 -1.72%
1929 \$1,248,175.18 0.00%
1930 \$1,218,978.10 -2.34%
1931 \$1,109,489.05 -8.98%
1932 \$1,000,000.00 -9.87%
1933 \$948,905.11 -5.11%
1934 \$978,102.19 3.08%
1935 \$1,000,000.00 2.24%
1936 \$1,014,598.54 1.46%
1937 \$1,051,094.89 3.60%
1938 \$1,029,197.08 -2.08%
1939 \$1,014,598.54 -1.42%
1940 \$1,021,897.81 0.72%
1941 \$1,072,992.70 5.00%
1942 \$1,189,781.02 10.88%
1943 \$1,262,773.72 6.13%
1944 \$1,284,671.53 1.73%
1945 \$1,313,868.61 2.27%
1946 \$1,423,357.66 8.33%
1947 \$1,627,737.23 14.36%
1948 \$1,759,124.09 8.07%
1949 \$1,737,226.28 -1.24%
1950 \$1,759,124.09 1.26%
1951 \$1,897,810.22 7.88%
1952 \$1,934,306.57 1.92%
1953 \$1,948,905.11 0.75%
1954 \$1,963,503.65 0.75%
1955 \$1,956,204.38 -0.37%
1956 \$1,985,401.46 1.49%
1957 \$2,051,094.89 3.31%
1958 \$2,109,489.05 2.85%
1959 \$2,124,087.59 0.69%
1960 \$2,160,583.94 1.72%
1961 \$2,182,481.75 1.01%
1962 \$2,204,379.56 1.00%
1963 \$2,233,576.64 1.32%
1964 \$2,262,773.72 1.31%
1965 \$2,299,270.07 1.61%
1966 \$2,364,963.50 2.86%
1967 \$2,437,956.20 3.09%
1968 \$2,540,145.99 4.19%
1969 \$2,678,832.12 5.46%
1970 \$2,832,116.79 5.72%
1971 \$2,956,204.38 4.38%
1972 \$3,051,094.89 3.21%
1973 \$3,240,875.91 6.22%
1974 \$3,598,540.15 11.04%
1975 \$3,927,007.30 9.13%
1976 \$4,153,284.67 5.76%
1977 \$4,423,357.66 6.50%
1978 \$4,759,124.09 7.59%
1979 \$5,299,270.07 11.35%
1980 \$6,014,598.54 13.50%
1981 \$6,635,036.50 10.32%
1982 \$7,043,795.62 6.16%
1983 \$7,270,072.99 3.21%
1984 \$7,583,941.61 4.32%
1985 \$7,854,014.60 3.56%
1986 \$8,000,000.00 1.86%
1987 \$8,291,970.80 3.65%
1988 \$8,635,036.50 4.14%
1989 \$9,051,094.89 4.82%
1990 \$9,540,145.99 5.40%
1991 \$9,941,605.84 4.21%
1992 \$10,240,875.91 3.01%
1993 \$10,547,445.26 2.99%
1994 \$10,817,518.25 2.56%
1995 \$11,124,087.59 2.83%
1996 \$11,452,554.74 2.95%
1997 \$11,715,328.47 2.29%
1998 \$11,897,810.22 1.56%
1999 \$12,160,583.94 2.21%
2000 \$12,569,343.07 3.36%
2001 \$12,927,007.30 2.85%
2002 \$13,131,386.86 1.58%
2003 \$13,430,656.93 2.28%
2004 \$13,788,321.17 2.66%
2005 \$14,255,474.45 3.39%
2006 \$14,715,328.47 3.23%
2007 \$15,134,452.55 2.85%
2008 \$15,715,547.45 3.84%
2009 \$15,659,635.04 -0.36%
2010 \$15,916,496.35 1.64%
2011 \$16,418,905.11 3.16%
2012 \$16,758,686.13 2.07%
2013 \$17,004,160.58 1.46%
2014 \$17,280,000.00 1.62%
2015 \$17,300,510.95 0.12%
2016 \$17,518,759.12 1.26%
2017 \$17,891,970.80 2.13%
2018 \$18,337,956.20 2.49%
2019 \$18,661,131.39 1.76%
2020 \$18,714,525.55 0.29%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 229 more rows

This conversion table shows various other 1780 amounts in 2015 dollars, based on the 1,630.05% change in prices:

Conversion Table: Value of a dollar in 2015
Initial value Equivalent value
\$1 dollar in 1780 \$17.30 dollars in 2015
\$5 dollars in 1780 \$86.50 dollars in 2015
\$10 dollars in 1780 \$173.01 dollars in 2015
\$50 dollars in 1780 \$865.03 dollars in 2015
\$100 dollars in 1780 \$1,730.05 dollars in 2015
\$500 dollars in 1780 \$8,650.26 dollars in 2015
\$1,000 dollars in 1780 \$17,300.51 dollars in 2015
\$5,000 dollars in 1780 \$86,502.55 dollars in 2015
\$10,000 dollars in 1780 \$173,005.11 dollars in 2015
\$50,000 dollars in 1780 \$865,025.55 dollars in 2015
\$100,000 dollars in 1780 \$1,730,051.09 dollars in 2015
\$500,000 dollars in 1780 \$8,650,255.47 dollars in 2015
\$1,000,000 dollars in 1780 \$17,300,510.95 dollars in 2015

## Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1,000,000.00 in 1780 would be equivalent to £161,904,761.90 in 2015, an absolute change of £160,904,761.90 and a cumulative change of 16,090.48%.

Compare these numbers to the US's overall absolute change of \$16,300,510.95 and total percent change of 1,630.05%.

## Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. Breaking down these categories helps explain the main drivers behind price changes. This chart shows the average rate of inflation for select CPI categories between 1780 and 2015.

Compare these values to the overall average of 1.22% per year:

Category Avg Inflation (%) Total Inflation (%) \$1,000,000 in 1780 → 2015
Food and beverages 4.15 1,424,089.28 14,241,892,800.19
Housing 4.35 2,232,153.47 22,322,534,659.66
Apparel 2.11 13,557.95 136,579,525.78
Transportation 3.36 233,493.57 2,335,935,698.30
Medical care 5.28 17,677,573.92 176,776,739,245.85
Recreation 1.12 1,254.79 13,547,925.94
Education and communication 2.20 16,653.40 167,534,041.49
Other goods and services 5.28 17,924,945.85 179,250,458,505.82

The graph below compares inflation in categories of goods over time. Click on a category such as "Food" to toggle it on or off:

For all these visualizations, it's important to note that not all categories may have been tracked since 1780. This table and charts use the earliest available data for each category.

## How to Calculate Inflation Rate for \$1,000,000, 1780 to 2015

Our calculations use the following inflation rate formula to calculate the change in value between 1780 and 2015:

CPI in 2015 CPI in 1780
×
1780 USD value
=
2015 USD value

Then plug in historical CPI values. The U.S. CPI was 13.7 in the year 1780 and 237.017 in 2015:

237.01713.7
×
\$1,000,000
=
\$17,300,510.95

\$1,000,000 in 1780 has the same "purchasing power" or "buying power" as \$17,300,510.95 in 2015.

To get the total inflation rate for the 235 years between 1780 and 2015, we use the following formula:

CPI in 2015 - CPI in 1780CPI in 1780
×
100
=
Cumulative inflation rate (235 years)

Plugging in the values to this equation, we get:

237.017 - 13.713.7
×
100
=
1,630%

Politics and news often influence economic performance. Here's what was happening at the time:

• The Danish national anthem, Kong Christian, is sung for the first time.
• Pennsylvania abolishes slavery, for new born children.
• British Gazette and Sunday Monitor become the first British Sunday newspaper
• 1781 William Hershel, discovers Uranus, he originally thought it was a comet.
• Forty-four Spanish speaking mestizos found the city of Los Angeles in the Bay of Smokes (Bahia de las Fumas)
• General Cornwallis surrenders at Yorktown,,ending the United States Revolutionary War.

## Data Source & Citation

Raw data for these calculations comes from the Bureau of Labor Statistics' (CPI), established in 1913. Inflation data from 1665 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University.

You may use the following MLA citation for this page: “\$1,000,000 in 1780 → 2015 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 25 May. 2020, https://www.officialdata.org/1780-dollars-in-2015?amount=1000000.