The name parsec stands for "parallax of one second of arc", and one parsec is defined to be the distance from the Earth to a star that has a parallax of 1 arcsecond. The actual length of a parsec is approximately 3.086×1016 m, 3.262 light-years or 19,176,075,967,324.937 miles.
Full article HERE. Full definition of 'light year' HERE.