$1,000,000 in 1775 → $30,781,428.57 in 2015

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$1,000,000 in 1775 → $30,781,428.57 in 2015

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U.S. Inflation Rate, $1,000,000 in 1775 to 2015

According to the Bureau of Labor Statistics consumer price index, prices in 2015 are 2,978.14% higher than average prices throughout 1775. The dollar experienced an average inflation rate of 1.44% per year during this period, meaning the real value of a dollar decreased.

In other words, $1,000,000 in 1775 is equivalent in purchasing power to about $30,781,428.57 in 2015, a difference of $29,781,428.57 over 240 years.

The 1775 inflation rate was -4.94%. The inflation rate in 2015 was 0.12%. The 2015 inflation rate is lower compared to the average inflation rate of 2.02% per year between 2015 and 2019.


Inflation from 1775 to 2015
Cumulative price change 2,978.14%
Average inflation rate 1.44%
Converted amount ($1,000,000 base) $30,781,428.57
Price difference ($1,000,000 base) $29,781,428.57
CPI in 1775 7.700
CPI in 2015 237.017
Inflation in 1775 -4.94%
Inflation in 2015 0.12%

U.S. inflation chart since 1665


Buying power of $1,000,000 in 1775

This chart shows calculation of buying power equivalence, often referred to as "the value of a dollar" over time for $1,000,000 in 1775 (price index tracking began in 1635).

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:

Year Dollar Value Inflation Rate
1775 $1,000,000.00 -4.94%
1776 $1,129,870.13 12.99%
1777 $1,376,623.38 21.84%
1778 $1,792,207.79 30.19%
1779 $1,584,415.58 -11.59%
1780 $1,779,220.78 12.30%
1781 $1,441,558.44 -18.98%
1782 $1,571,428.57 9.01%
1783 $1,376,623.38 -12.40%
1784 $1,324,675.32 -3.77%
1785 $1,259,740.26 -4.90%
1786 $1,233,766.23 -2.06%
1787 $1,207,792.21 -2.11%
1788 $1,155,844.16 -4.30%
1789 $1,142,857.14 -1.12%
1790 $1,194,805.19 4.55%
1791 $1,220,779.22 2.17%
1792 $1,246,753.25 2.13%
1793 $1,285,714.29 3.13%
1794 $1,428,571.43 11.11%
1795 $1,636,363.64 14.55%
1796 $1,714,285.71 4.76%
1797 $1,649,350.65 -3.79%
1798 $1,597,402.60 -3.15%
1799 $1,597,402.60 0.00%
1800 $1,636,363.64 2.44%
1801 $1,649,350.65 0.79%
1802 $1,389,610.39 -15.75%
1803 $1,467,532.47 5.61%
1804 $1,532,467.53 4.42%
1805 $1,519,480.52 -0.85%
1806 $1,584,415.58 4.27%
1807 $1,506,493.51 -4.92%
1808 $1,636,363.64 8.62%
1809 $1,597,402.60 -2.38%
1810 $1,597,402.60 0.00%
1811 $1,701,298.70 6.50%
1812 $1,727,272.73 1.53%
1813 $2,077,922.08 20.30%
1814 $2,285,714.29 10.00%
1815 $2,000,000.00 -12.50%
1816 $1,831,168.83 -8.44%
1817 $1,727,272.73 -5.67%
1818 $1,649,350.65 -4.51%
1819 $1,649,350.65 0.00%
1820 $1,519,480.52 -7.87%
1821 $1,467,532.47 -3.42%
1822 $1,519,480.52 3.54%
1823 $1,363,636.36 -10.26%
1824 $1,259,740.26 -7.62%
1825 $1,285,714.29 2.06%
1826 $1,285,714.29 0.00%
1827 $1,298,701.30 1.01%
1828 $1,233,766.23 -5.00%
1829 $1,207,792.21 -2.11%
1830 $1,194,805.19 -1.08%
1831 $1,129,870.13 -5.43%
1832 $1,116,883.12 -1.15%
1833 $1,090,909.09 -2.33%
1834 $1,116,883.12 2.38%
1835 $1,142,857.14 2.33%
1836 $1,207,792.21 5.68%
1837 $1,246,753.25 3.23%
1838 $1,207,792.21 -3.12%
1839 $1,207,792.21 0.00%
1840 $1,129,870.13 -6.45%
1841 $1,129,870.13 0.00%
1842 $1,064,935.06 -5.75%
1843 $961,038.96 -9.76%
1844 $974,025.97 1.35%
1845 $987,012.99 1.33%
1846 $1,000,000.00 1.32%
1847 $1,064,935.06 6.49%
1848 $1,025,974.03 -3.66%
1849 $1,000,000.00 -2.53%
1850 $1,012,987.01 1.30%
1851 $1,000,000.00 -1.28%
1852 $1,000,000.00 0.00%
1853 $1,000,000.00 0.00%
1854 $1,090,909.09 9.09%
1855 $1,129,870.13 3.57%
1856 $1,103,896.10 -2.30%
1857 $1,129,870.13 2.35%
1858 $1,064,935.06 -5.75%
1859 $1,077,922.08 1.22%
1860 $1,077,922.08 0.00%
1861 $1,142,857.14 6.02%
1862 $1,311,688.31 14.77%
1863 $1,636,363.64 24.75%
1864 $2,038,961.04 24.60%
1865 $2,116,883.12 3.82%
1866 $2,064,935.06 -2.45%
1867 $1,922,077.92 -6.92%
1868 $1,844,155.84 -4.05%
1869 $1,766,233.77 -4.23%
1870 $1,701,298.70 -3.68%
1871 $1,584,415.58 -6.87%
1872 $1,584,415.58 0.00%
1873 $1,558,441.56 -1.64%
1874 $1,480,519.48 -5.00%
1875 $1,428,571.43 -3.51%
1876 $1,389,610.39 -2.73%
1877 $1,363,636.36 -1.87%
1878 $1,298,701.30 -4.76%
1879 $1,298,701.30 0.00%
1880 $1,324,675.32 2.00%
1881 $1,324,675.32 0.00%
1882 $1,324,675.32 0.00%
1883 $1,311,688.31 -0.98%
1884 $1,272,727.27 -2.97%
1885 $1,259,740.26 -1.02%
1886 $1,220,779.22 -3.09%
1887 $1,233,766.23 1.06%
1888 $1,233,766.23 0.00%
1889 $1,194,805.19 -3.16%
1890 $1,181,818.18 -1.09%
1891 $1,181,818.18 0.00%
1892 $1,181,818.18 0.00%
1893 $1,168,831.17 -1.10%
1894 $1,116,883.12 -4.44%
1895 $1,090,909.09 -2.33%
1896 $1,090,909.09 0.00%
1897 $1,077,922.08 -1.19%
1898 $1,077,922.08 0.00%
1899 $1,077,922.08 0.00%
1900 $1,090,909.09 1.20%
1901 $1,103,896.10 1.19%
1902 $1,116,883.12 1.18%
1903 $1,142,857.14 2.33%
1904 $1,155,844.16 1.14%
1905 $1,142,857.14 -1.12%
1906 $1,168,831.17 2.27%
1907 $1,220,779.22 4.44%
1908 $1,194,805.19 -2.13%
1909 $1,181,818.18 -1.09%
1910 $1,233,766.23 4.40%
1911 $1,233,766.23 0.00%
1912 $1,259,740.26 2.11%
1913 $1,285,714.29 2.06%
1914 $1,298,701.30 1.01%
1915 $1,311,688.31 1.00%
1916 $1,415,584.42 7.92%
1917 $1,662,337.66 17.43%
1918 $1,961,038.96 17.97%
1919 $2,246,753.25 14.57%
1920 $2,597,402.60 15.61%
1921 $2,324,675.32 -10.50%
1922 $2,181,818.18 -6.15%
1923 $2,220,779.22 1.79%
1924 $2,220,779.22 0.00%
1925 $2,272,727.27 2.34%
1926 $2,298,701.30 1.14%
1927 $2,259,740.26 -1.69%
1928 $2,220,779.22 -1.72%
1929 $2,220,779.22 0.00%
1930 $2,168,831.17 -2.34%
1931 $1,974,025.97 -8.98%
1932 $1,779,220.78 -9.87%
1933 $1,688,311.69 -5.11%
1934 $1,740,259.74 3.08%
1935 $1,779,220.78 2.24%
1936 $1,805,194.81 1.46%
1937 $1,870,129.87 3.60%
1938 $1,831,168.83 -2.08%
1939 $1,805,194.81 -1.42%
1940 $1,818,181.82 0.72%
1941 $1,909,090.91 5.00%
1942 $2,116,883.12 10.88%
1943 $2,246,753.25 6.13%
1944 $2,285,714.29 1.73%
1945 $2,337,662.34 2.27%
1946 $2,532,467.53 8.33%
1947 $2,896,103.90 14.36%
1948 $3,129,870.13 8.07%
1949 $3,090,909.09 -1.24%
1950 $3,129,870.13 1.26%
1951 $3,376,623.38 7.88%
1952 $3,441,558.44 1.92%
1953 $3,467,532.47 0.75%
1954 $3,493,506.49 0.75%
1955 $3,480,519.48 -0.37%
1956 $3,532,467.53 1.49%
1957 $3,649,350.65 3.31%
1958 $3,753,246.75 2.85%
1959 $3,779,220.78 0.69%
1960 $3,844,155.84 1.72%
1961 $3,883,116.88 1.01%
1962 $3,922,077.92 1.00%
1963 $3,974,025.97 1.32%
1964 $4,025,974.03 1.31%
1965 $4,090,909.09 1.61%
1966 $4,207,792.21 2.86%
1967 $4,337,662.34 3.09%
1968 $4,519,480.52 4.19%
1969 $4,766,233.77 5.46%
1970 $5,038,961.04 5.72%
1971 $5,259,740.26 4.38%
1972 $5,428,571.43 3.21%
1973 $5,766,233.77 6.22%
1974 $6,402,597.40 11.04%
1975 $6,987,012.99 9.13%
1976 $7,389,610.39 5.76%
1977 $7,870,129.87 6.50%
1978 $8,467,532.47 7.59%
1979 $9,428,571.43 11.35%
1980 $10,701,298.70 13.50%
1981 $11,805,194.81 10.32%
1982 $12,532,467.53 6.16%
1983 $12,935,064.94 3.21%
1984 $13,493,506.49 4.32%
1985 $13,974,025.97 3.56%
1986 $14,233,766.23 1.86%
1987 $14,753,246.75 3.65%
1988 $15,363,636.36 4.14%
1989 $16,103,896.10 4.82%
1990 $16,974,025.97 5.40%
1991 $17,688,311.69 4.21%
1992 $18,220,779.22 3.01%
1993 $18,766,233.77 2.99%
1994 $19,246,753.25 2.56%
1995 $19,792,207.79 2.83%
1996 $20,376,623.38 2.95%
1997 $20,844,155.84 2.29%
1998 $21,168,831.17 1.56%
1999 $21,636,363.64 2.21%
2000 $22,363,636.36 3.36%
2001 $23,000,000.00 2.85%
2002 $23,363,636.36 1.58%
2003 $23,896,103.90 2.28%
2004 $24,532,467.53 2.66%
2005 $25,363,636.36 3.39%
2006 $26,181,818.18 3.23%
2007 $26,927,532.47 2.85%
2008 $27,961,428.57 3.84%
2009 $27,861,948.05 -0.36%
2010 $28,318,961.04 1.64%
2011 $29,212,857.14 3.16%
2012 $29,817,402.60 2.07%
2013 $30,254,155.84 1.46%
2014 $30,744,935.06 1.62%
2015 $30,781,428.57 0.12%
2016 $31,169,740.26 1.26%
2017 $31,833,766.23 2.13%
2018 $32,611,277.06 2.44%
2019 $33,345,324.68 2.25%*
* Compared to previous annual rate. Not final. See inflation summary for latest 12-month trailing value.
Click to show 234 more rows

Inflation by Country

Inflation can also vary widely by country. For comparison, in the UK £1,000,000.00 in 1775 would be equivalent to £145,714,285.71 in 2015, an absolute change of £144,714,285.71 and a cumulative change of 14,471.43%.

Compare these numbers to the US's overall absolute change of $29,781,428.57 and total percent change of 2,978.14%.


Inflation by Spending Category

CPI is the weighted combination of many categories of spending that are tracked by the government. This chart shows the average rate of inflation for select CPI categories between 1775 and 2015.

Compare these values to the overall average of 1.44% per year:

Category Avg Inflation (%) Total Inflation (%) $1,000,000 in 1775 → 2015
Food 3.20 193,006.13 1,931,061,280.11
Shelter 4.14 1,705,132.75 17,052,327,513.64
Energy 3.95 1,079,856.54 10,799,565,365.54
Apparel 2.11 15,064.19 151,641,941.68
New vehicles 1.17 1,525.74 16,257,436.74
Used cars and trucks 0.87 698.14 7,981,351.96
Transportation services 4.09 1,499,885.34 14,999,853,432.62
Medical care services 5.20 19,053,868.85 190,539,688,487.19
Medical care commodities 3.06 139,900.17 1,400,001,703.36

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 1775. This table and charts use the earliest available data for each category.



How to Calculate Inflation Rate for $1,000,000, 1775 to 2015

This inflation calculator uses the following inflation rate formula:

CPI in 2015CPI in 1775
×
1775 USD value
=
2015 USD value

Then plug in historical CPI values. The U.S. CPI was 7.7 in the year 1775 and 237.017 in 2015:

237.0177.7
×
$1,000,000
=
$30,781,428.57

$1,000,000 in 1775 has the same "purchasing power" or "buying power" as $30,781,428.57 in 2015.

To get the total inflation rate for the 240 years between 1775 and 2015, we use the following formula:

CPI in 2015 - CPI in 1775CPI in 1775
×
100
=
Cumulative inflation rate (240 years)

Plugging in the values to this equation, we get:

237.017 - 7.77.7
×
100
=
2,978%

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 1775 → 2015 | Inflation Calculator.” U.S. Official Inflation Data, Alioth Finance, 12 Nov. 2019, https://www.officialdata.org/1775-dollars-in-2015?amount=1000000.

Special thanks to QuickChart for providing downloadable chart images.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

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» Read more about inflation and investment.

Inflation from 1775 to 2015
Cumulative price change 2,978.14%
Average inflation rate 1.44%
Converted amount ($1,000,000 base) $30,781,428.57
Price difference ($1,000,000 base) $29,781,428.57
CPI in 1775 7.700
CPI in 2015 237.017
Inflation in 1775 -4.94%
Inflation in 2015 0.12%
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