Prediction: Value of $120,000 from 2021 to 2031
$120,000 in 2021 is equivalent in purchasing power to about $182,016.02 in 2031, an increase of $62,016.02 over 10 years. The dollar had an average inflation rate of 4.25% per year between 2021 and 2031, producing a cumulative price increase of 51.68%. The buying power of $120,000 in 2021 is predicted to be equivalent to $182,016.02 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 | 51.68% |
| Average inflation rate | 4.25% |
| Converted amount $120,000 base | $182,016.02 |
| Price difference $120,000 base | $62,016.02 |
| CPI in 2021 | 270.970 |
| Inflation in 2021 | 4.70% |
| $120,000 in 2021 | $182,016.02 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 $182,016.02 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 $182,016.02 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. Price index data from 1774 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. Price index data from 1634 to 1773 is from the American Antiquarian Society, using British pound equivalents.
You may use the following MLA citation for this page: “2031 Inflation Prediction | Future Inflation Calculator.” Official Inflation Data, Alioth Finance, 14 Apr. 2024, 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 | 51.68% |
| Average inflation rate | 4.25% |
| Converted amount $120,000 base | $182,016.02 |
| Price difference $120,000 base | $62,016.02 |
| CPI in 2021 | 270.970 |
| Inflation in 2021 | 4.70% |
| $120,000 in 2021 | $182,016.02 in 2031 |