According to the Bureau of Labor Statistics consumer price index, today's prices in 2020 are 2,512.91% higher than average prices since 1913. The U.S. dollar experienced an average inflation rate of 3.10% per year during this period, meaning the real value of a dollar decreased.

In other words, $5,000 in 1913 is equivalent in purchasing power to about $130,645.45 in 2020, a difference of $125,645.45 over 107 years.

The 1913 inflation rate was 2.06%. The current inflation rate (2019 to 2020) is now 2.33%^{1}. If this number holds, $5,000 today will be equivalent in buying power to $5,116.74 next year.
The current inflation rate page gives more detail on the latest official inflation rates.

Contents

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Cumulative price change | 2,512.91% |

Average inflation rate | 3.10% |

Converted amount ($5,000 base) | $130,645.45 |

Price difference ($5,000 base) | $125,645.45 |

CPI in 1913 | 9.900 |

CPI in 2020 | 258.678 |

Inflation in 1913 | 2.06% |

Inflation in 2020 | 2.33% |

This chart shows a calculation of buying power equivalence for $5,000 in 1913 (price index tracking began in 1635).

For example, if you started with $5,000, you would need to end with $130,645.45 in order to "adjust" for inflation (sometimes refered to as "beating inflation").

When $5,000 is equivalent to $130,645.45 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 1913 dollars, the chart below shows how $5,000 buys less over the past 107 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:

Inflation can also vary widely by country. For comparison, in the UK £5,000.00 in 1913 would be equivalent to £580,736.41 in 2020, an absolute change of £575,736.41 and a cumulative change of 11,514.73%.

Compare these numbers to the US's overall absolute change of $125,645.45 and total percent change of 2,512.91%.

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 1913 and 2020.

Compare these values to the overall average of 3.10% per year:

Category | Avg Inflation (%) | Total Inflation (%) | $5,000 in 1913 → 2020 |
---|---|---|---|

Food and beverages | 3.86 | 5,669.48 | 288,474.09 |

Housing | 4.18 | 7,916.06 | 400,802.78 |

Apparel | 1.99 | 723.12 | 41,156.21 |

Transportation | 3.21 | 2,834.80 | 146,740.02 |

Medical care | 5.10 | 20,420.17 | 1,026,008.73 |

Recreation | 1.10 | 221.25 | 16,062.49 |

Education and communication | 1.82 | 586.79 | 34,339.58 |

Other goods and services | 4.97 | 17,911.31 | 900,565.38 |

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 1913. This table and charts use the earliest available data for each category.

This inflation calculator uses the following inflation rate formula:

CPI in 2020CPI in 1913

×

1913 USD value

=

2020 USD value

Then plug in historical CPI values. The U.S. CPI was 9.9 in the year 1913 and 258.678 in 2020:

258.6789.9

×

$5,000

=

$5,000 in 1913 has the same "purchasing power" or "buying power" as $130,645.45 in 2020.

To get the total inflation rate for the 107 years between 1913 and 2020, we use the following formula:

CPI in 2020 - CPI in 1913CPI in 1913

×

100

=

Plugging in the values to this equation, we get:

258.678 - 9.99.9

×

100

=

The average inflation rate of 3.10% has a compounding effect between 1913 and 2020. As noted above, this yearly inflation rate compounds to produce an overall price difference of 2,512.91% over 107 years.

To help put this inflation into perspective, if we had invested $5,000 in the S&P 500 index in 1913, our investment would be * nominally* worth approximately $135,151,945.71 in 2020. This is a return on investment of 2,702,938.91%, with an absolute return of $135,146,945.71 on top of the original $5,000.

These numbers are not inflation adjusted, so they are considered *nominal*. In order to evaluate the *real* return on our investment, we must calculate the return with inflation taken into account.

The compounding effect of inflation would account for 96.17% of returns ($129,979,475.45) during this period. This means the inflation-adjusted * real* return of our $5,000 investment is $5,167,470.26. You may also want to account for capital gains tax, which would take your real return down to around $4,392,350 for most people.

Original Amount | Final Amount | Change | |
---|---|---|---|

Nominal |
$5,000 | $135,151,945.71 | 2,702,938.91% |

RealInflation Adjusted |
$5,000 | $5,172,470.26 | 103,349.41% |

Information displayed above may differ slightly from other S&P 500 calculators. Minor discrepancies can occur because we use the latest CPI data for inflation, annualized inflation numbers for previous years, and we compute S&P price and dividends from January of 1913 to latest available data for 2020 using average monthly close price.

For more details on the S&P 500 between 1913 and 2020, see the stock market returns calculator.

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

- The House of Commons accepts Home Rule for Ireland.
- China's first parliament is opened in Beijing.
- The nation of Albania is formed.
- The Ford Motor Company introduces the first moving assembly line.

Raw data for these calculations comes from the Bureau of Labor Statistics' 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.

You may use the following MLA citation for this page: “$5,000 in 1913 → 2020 | Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 Mar. 2020, https://www.officialdata.org/us/inflation/1913?amount=5000.

Special thanks to QuickChart for providing downloadable chart images.

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

Cumulative price change | 2,512.91% |

Average inflation rate | 3.10% |

Converted amount ($5,000 base) | $130,645.45 |

Price difference ($5,000 base) | $125,645.45 |

CPI in 1913 | 9.900 |

CPI in 2020 | 258.678 |

Inflation in 1913 | 2.06% |

Inflation in 2020 | 2.33% |