1 million GPT-5.4 nano tokens cost $0.20 as input or $1.25 as output. Most workloads land in between — a 70/30 input/output split costs about $0.515. Verified Aug 16, 2026
Interactive calculator
1,000,000 in · 0 out
Input price
$0.20 / 1M tokens
Output price
$1.25 / 1M tokens
Uncached pricing. Add caching and monthly projections in the full calculator.
What 1 million tokens buys in practice
$0.41
80% input / 20% output — short replies over conversation history.
$0.305
90% input / 10% output — long retrieved context, grounded answers.
$0.2525
95% input / 5% output — full documents in, structured extraction out.
Same 1 million tokens on other models
70/30 input/output split, uncached.
FAQ
1 million input tokens cost $0.20; 1 million output tokens cost $1.25. A typical 70/30 input/output mix costs about $0.515. Rates: $0.20/M input, $1.25/M output.
A chat-style request of ~4,800 tokens (4,000 in + 800 out) means 1 million tokens is roughly 208 requests. For a RAG workload with ~8,500 tokens per request, about 118 requests.
Yes — cached input costs $0.02/M instead of $0.20/M, a 90% discount on repeated context.