The U.S. dollar experienced an average inflation rate of 2.93% per year between 1904 and 2017. $65,000 in the year 1904 is worth $1,694,876.35 in 2017.
The current inflation rate in 2017 is 1.08%1.
Source: The Bureau of Labor Statistics' annual Consumer Price Index (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.