Prediction: Value of $120,000 from 2021 to 2031
$120,000 in 2021 is equivalent in purchasing power to about $182,331.65 in 2031, an increase of $62,331.65 over 10 years. The dollar had an average inflation rate of 4.27% per year between 2021 and 2031, producing a cumulative price increase of 51.94%. The buying power of $120,000 in 2021 is predicted to be equivalent to $182,331.65 in 2031.
This calculation is based on future inflation assumption of 4.00% per year. Use the calculator on the left to change this prediction. Or, use the annual inflation rate calculator to view inflation in the past.
| Cumulative price change | 51.94% |
| Average inflation rate | 4.27% |
| Converted amount ($120,000 base) | $182,331.65 |
| Price difference ($120,000 base) | $62,331.65 |
| CPI in 2021 | 270.970 |
| Inflation in 2021 | 4.70% |
| $120,000 in 2021 | $182,331.65 in 2031 |
Buying power of $120,000 in 2031
This chart shows a calculation of buying power equivalence for $120,000 in 2021 (price index tracking began in 1635).
For example, if you started with $120,000, you would need to end with $182,331.65 in order to "adjust" for inflation (sometimes refered to as "beating inflation").
Future inflation is estimated at 4.00%.When $120,000 is equivalent to $182,331.65 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 2021 dollars, the chart below shows how $120,000 is worth less over 10 years.
This table shows the results of the inflation prediction, with base values from the Bureau of Labor Statistics:
Data source & citation
Raw data for these calculations comes from the Bureau of Labor Statistics' Consumer Price Index (CPI), established in 1913. Inflation data from 1634 to 1912 is sourced from a historical study conducted by political science professor Robert Sahr at Oregon State University and from the American Antiquarian Society.
You may use the following MLA citation for this page: “2031 Inflation Prediction | Future Inflation Calculator.” Official Inflation Data, Alioth Finance, 26 Mar. 2023, https://www.officialdata.org/us/inflation/2021?endYear=2031&amount=120000&future_pct=0.04.
Special thanks to QuickChart for their chart image API, which is used for chart downloads.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
| Cumulative price change | 51.94% |
| Average inflation rate | 4.27% |
| Converted amount ($120,000 base) | $182,331.65 |
| Price difference ($120,000 base) | $62,331.65 |
| CPI in 2021 | 270.970 |
| Inflation in 2021 | 4.70% |
| $120,000 in 2021 | $182,331.65 in 2031 |