S&P 500: $100 in 1911 → $5,865,740.81 in 2024

$

Stock market returns between 1911 and 2024

If you invested $100 in the S&P 500 at the beginning of 1911, you would have about $5,865,740.81 at the end of 2024, assuming you reinvested all dividends. This is a return on investment of 5,865,640.81%, or 10.13% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 177,640.96% cumulatively, or 6.79% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $5,507,638.29.

The graph below shows the performance of $100 over time if invested in an S&P 500 index fund. The returns assume that all dividends are automatically reinvested.

This chart shows the rate of gains and loss by month, including dividends:

Adjusting stock market return for inflation

The nominal return on investment of $100 is $5,865,640.81, or 5,865,640.81%. This means by 2024 you would have $5,865,740.81 in your pocket.

However, it's important to take into account the effect of inflation when considering an investment and especially a long-term investment. You can convert S&P returns to their real (inflation-adjusted) value using an inflation calculation based on the U.S. Bureau of Labor Statistics Consumer Price Index (CPI).

In the case of the returns described above, the CPI in 1911 was 9.500 and the CPI in 2024 was 313.515.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 113 years.

Adjusted for inflation, the $5,865,740.81 nominal end value of the original $100 investment would have a real return of roughly $177,640.96 in 1911 dollars. This means the inflation-adjusted return is 177,640.96% as opposed to the original 5,865,640.81%.

For more information on inflation, see our U.S. inflation calculator for 1911.

Full monthly data

The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 1366-month period between 1911 and 2024.

Note that data shown is the monthly average closing price. Returns include dividends.

YearMonthReturn (%)Amount ($)
191112.15%102.15
19112-0.75%101.38
19113-0.01%101.37
191142.58%103.98
191152.42%106.50
19116-0.01%106.49
19117-4.37%101.84
19118-5.03%96.72
191191.03%97.71
1911104.46%102.07
1911110.87%102.96
1911120.54%103.52
19121-0.45%103.06
191223.31%106.47
191233.54%110.24
191240.31%110.58
191250.41%111.03
191260.52%111.61
191272.71%114.63
191280.91%115.68
191290.20%115.91
191210-0.71%115.09
191211-3.19%111.42
191212-0.43%110.94
19131-3.12%107.48
19132-1.45%105.93
191330.34%106.29
19134-2.28%103.87
19135-4.56%99.13
191361.85%100.96
191373.16%104.15
191381.42%105.63
19139-2.70%102.78
191310-2.06%100.67
1913110.37%101.04
1913124.60%105.69
191411.79%107.58
19142-1.42%106.05
19143-1.94%103.99
191441.09%105.12
19145-0.03%105.10
19146-5.07%99.76
191470.48%100.25
191480.48%100.73
191490.47%101.20
1914100.47%101.67
191411-3.84%97.77
1914122.24%99.97
19151-0.87%99.10
191523.05%102.12
191537.99%110.29
19154-1.90%108.19
191551.58%109.90
191560.07%109.97
191574.69%115.13
191584.14%119.89
191595.95%127.03
1915103.89%131.97
1915110.59%132.75
191512-1.20%131.15
19161-1.00%129.84
191620.08%129.95
19163-0.67%129.08
191642.64%132.49
191651.41%134.35
19166-0.95%133.07
191671.22%134.69
191684.55%140.82
191693.55%145.82
1916102.75%149.84
191611-3.57%144.49
191612-1.87%141.79
19171-5.15%134.49
191723.64%139.39
19173-0.97%138.03
19174-2.83%134.12
191752.61%137.62
19176-2.19%134.61
19177-2.36%131.44
19178-4.17%125.95
19179-4.74%119.97
191710-7.61%110.85
191711-2.61%107.96
1917126.88%115.38
191813.84%119.81
19182-1.27%118.29
19183-0.21%118.05
191843.94%122.70
191850.85%123.74
191861.51%125.61
191871.62%127.65
191880.14%127.83
191894.91%134.10
1918103.17%138.35
191811-1.39%136.44
191812-0.03%136.39
191910.98%137.74
191923.64%142.75
191933.90%148.32
191947.47%159.39
191953.19%164.48
191963.75%170.65
19197-6.25%159.98
191982.09%163.33
191995.60%172.48
191910-2.48%168.19
191911-2.45%164.07
191912-0.51%163.22
19201-7.77%150.54
192027.58%161.95
19203-0.30%161.46
19204-5.77%152.14
19205-1.20%150.32
192060.42%150.95
19207-3.37%145.86
192084.12%151.87
192090.67%152.89
192010-4.53%145.96
192011-8.39%133.72
1920125.03%140.44
19211-0.11%140.29
19212-1.96%137.54
192131.04%138.97
192143.63%144.02
19215-7.43%133.32
192160.31%133.73
19217-0.61%132.91
192183.10%137.03
192191.96%139.71
1921105.96%148.03
1921114.09%154.09
1921120.39%154.68
192212.72%158.89
192224.28%165.69
192236.58%176.59
192244.38%184.33
19225-0.47%183.47
192261.19%185.65
192274.24%193.52
192283.07%199.46
192292.67%204.77
192210-4.52%195.53
1922110.25%196.02
1922121.85%199.65
192314.75%209.13
192322.08%213.47
19233-3.04%206.97
19234-4.25%198.17
19235-3.31%191.62
19236-2.84%186.18
192371.04%188.11
192381.16%190.28
19239-0.94%188.50
1923103.54%195.16
1923113.92%202.81
1923123.79%210.50
192410.95%212.51
19242-1.42%209.50
19243-1.79%205.76
192440.17%206.12
192452.42%211.10
192465.16%221.99
192473.93%230.72
19248-0.48%229.61
19249-0.81%227.76
1924106.08%241.62
1924115.87%255.80
1924124.58%267.53
192511.29%270.97
19252-2.19%265.04
19253-0.61%263.43
192543.67%273.10
192552.24%279.21
192563.22%288.21
192571.79%293.36
192582.74%301.40
192593.73%312.64
1925103.53%323.66
1925112.04%330.25
1925121.93%336.61
192610.56%338.49
19262-6.38%316.89
19263-2.35%309.42
192641.15%312.99
192655.22%329.32
192664.66%344.65
192674.39%359.79
192681.94%366.79
19269-1.83%360.06
1926101.74%366.32
1926112.71%376.23
192612-0.24%375.32
192712.37%384.23
192721.97%391.78
192732.88%403.06
192743.87%418.65
192751.70%425.78
192762.62%436.96
192775.73%461.97
192786.06%489.98
19279-1.17%484.27
1927102.66%497.13
1927112.72%510.64
1927120.77%514.57
19281-0.83%510.30
192825.75%539.63
192836.66%575.58
192843.44%595.35
19285-4.57%568.17
192861.09%574.37
192873.59%594.99
192887.37%638.87
192892.36%653.93
1928107.08%700.25
1928110.70%705.11
1928127.69%759.35
192910.81%765.51
192922.05%781.21
19293-0.30%778.86
192941.80%792.85
192952.20%810.31
192969.20%884.86
192975.96%937.57
192984.24%977.36
19299-10.32%876.45
192910-26.19%646.90
1929114.37%675.19
1929121.83%687.52
193016.64%733.15
193024.12%763.38
193036.69%814.43
19304-5.65%768.40
19305-9.77%693.33
19306-1.76%681.13
19307-0.90%675.03
193080.34%677.34
19309-13.37%586.78
193010-6.80%546.88
193011-6.19%513.04
1930123.56%531.29
193118.14%574.53
193122.38%588.20
19313-9.08%534.80
19314-9.16%485.81
19315-2.68%472.79
193163.86%491.03
19317-2.49%478.83
19318-14.37%410.03
19319-12.75%357.75
1931102.05%365.10
193111-18.10%299.02
193112-0.85%296.48
19321-0.05%296.34
193221.14%299.72
19323-23.22%230.11
19324-11.31%204.07
19325-12.39%178.79
193266.18%189.84
1932751.35%287.33
1932810.37%317.12
19329-13.22%275.21
193210-0.34%274.28
193211-2.64%267.04
1932124.57%279.25
19331-11.27%247.79
193320.33%248.61
1933311.24%276.56
1933429.32%357.65
1933517.58%420.53
193368.46%456.11
19337-4.64%434.94
19338-0.48%432.84
19339-9.38%392.25
1933102.80%403.24
1933112.32%412.60
1933126.08%437.71
193417.75%471.62
19342-4.80%448.99
193432.02%458.06
19344-9.83%413.05
193451.70%420.08
19346-4.36%401.78
19347-3.51%387.66
19348-2.01%379.88
193491.21%384.47
1934103.21%396.81
1934111.06%401.01
1934120.40%402.64
19351-2.62%392.09
19352-5.93%368.84
193537.94%398.12
193548.27%431.02
193554.17%449.01
193565.60%474.16
193577.10%507.85
193582.43%520.20
193592.99%535.74
1935109.71%587.76
1935110.29%589.49
1935125.82%623.81
193616.03%661.43
193622.41%677.38
193630.41%680.19
19364-5.02%646.05
193654.57%675.60
193666.23%717.72
193672.30%734.21
193681.44%744.81
193695.55%786.15
1936103.10%810.53
193611-1.40%799.18
1936123.46%826.82
193713.30%854.13
193720.23%856.09
19373-5.62%807.94
19374-4.09%774.93
19375-3.34%749.06
193766.39%796.95
193771.44%808.40
19378-13.76%697.14
19379-14.10%598.86
193710-8.27%549.36
193711-1.02%543.76
1937123.24%561.36
19381-1.80%551.24
19382-6.02%518.07
19383-3.44%500.23
193841.56%508.01
193852.93%522.91
1938620.49%630.04
193871.06%636.70
19388-4.08%610.70
1938911.62%681.64
1938100.47%684.82
193811-2.55%667.35
193812-1.16%659.60
19391-0.46%656.58
193920.27%658.33
19393-12.24%577.74
193944.10%601.41
193952.17%614.47
193962.84%631.89
19397-1.07%625.15
1939811.06%694.26
193991.38%703.87
193910-1.41%693.96
193911-1.97%680.26
193912-0.15%679.25
19401-0.23%677.71
19402-0.15%676.72
194031.42%686.33
19404-13.34%594.76
19405-8.09%546.62
194063.87%567.77
194072.65%582.82
194084.76%610.55
194091.47%619.50
1940102.85%637.15
194011-3.59%614.28
1940120.72%618.70
19411-5.72%583.29
194121.18%590.15
19413-2.55%575.13
19414-1.59%566.00
194154.11%589.24
194165.71%622.90
194170.08%623.37
194180.86%628.74
19419-3.43%607.15
194110-4.08%582.36
194111-5.88%548.11
1941122.62%562.45
19421-2.48%548.50
19422-4.76%522.38
19423-3.45%504.34
194241.87%513.77
194255.75%543.31
194264.38%567.11
194270.05%567.37
194281.66%576.80
194297.97%622.76
1942102.15%636.18
1942111.06%642.90
1942126.50%684.71
194316.43%728.77
194324.01%758.02
194333.79%786.73
194344.36%821.05
194352.18%838.95
194362.47%859.69
19437-4.54%820.67
194382.55%841.62
19439-0.50%837.41
194310-4.21%802.19
1943111.77%816.39
1943123.67%846.31
19441-0.24%844.25
194423.24%871.61
19443-1.31%860.20
194442.20%879.15
194455.14%924.36
194463.02%952.27
19447-1.06%942.22
19448-1.23%930.67
194492.88%957.51
194410-0.28%954.79
1944112.60%979.62
1944123.38%1,012.77
194513.73%1,050.58
194520.31%1,053.88
194532.90%1,084.46
194544.16%1,129.58
194552.19%1,154.29
19456-1.70%1,134.72
194570.71%1,142.74
194587.18%1,224.78
194594.51%1,280.07
1945103.61%1,326.23
1945112.02%1,353.08
1945124.30%1,411.25
194610.59%1,419.52
19462-2.68%1,381.50
194636.77%1,475.02
194640.52%1,482.66
19465-0.34%1,477.64
19466-2.55%1,440.00
19467-1.62%1,416.62
19468-14.42%1,212.31
19469-1.87%1,189.61
194610-0.01%1,189.45
1946113.39%1,229.83
1946120.92%1,241.14
194714.27%1,294.13
19472-3.67%1,246.61
19473-3.30%1,205.49
19474-1.36%1,189.07
194753.92%1,235.69
194766.69%1,318.40
19477-1.56%1,297.85
19478-2.17%1,269.73
194793.03%1,308.16
194710-0.73%1,298.61
194711-1.12%1,284.03
194712-0.86%1,272.93
19481-4.45%1,216.30
194821.92%1,239.64
194838.19%1,341.14
194845.33%1,412.62
194854.59%1,477.42
19486-1.96%1,448.51
19487-2.49%1,412.46
19488-0.68%1,402.89
194893.19%1,447.62
194810-5.10%1,373.77
194811-0.16%1,371.60
1948121.63%1,393.95
19491-3.33%1,347.57
194921.49%1,367.66
194930.41%1,373.32
19494-0.18%1,370.81
19495-4.91%1,303.46
194966.26%1,385.11
194974.17%1,442.87
194981.87%1,469.87
194993.14%1,516.05
1949101.95%1,545.58
1949113.24%1,595.68
1949122.63%1,637.64
195012.52%1,678.96
195021.38%1,702.04
195033.39%1,759.68
195043.91%1,828.56
195052.16%1,868.14
19506-6.72%1,742.54
195076.64%1,858.20
195084.11%1,934.54
195094.72%2,025.88
1950100.38%2,033.50
1950110.19%2,037.46
1950128.01%2,200.71
195114.31%2,295.54
19512-1.11%2,270.00
195131.93%2,313.73
195140.63%2,328.27
19515-1.15%2,301.61
195162.37%2,356.08
195174.97%2,473.07
195183.14%2,550.62
195190.03%2,551.34
195110-2.25%2,493.85
1951113.61%2,583.96
1951123.83%2,683.02
19521-1.33%2,647.29
195220.75%2,667.13
195230.20%2,672.55
195240.46%2,684.84
195253.24%2,771.95
195263.37%2,865.28
195270.88%2,890.51
19528-1.11%2,858.46
19529-1.61%2,812.42
1952103.67%2,915.56
1952114.51%3,047.03
1952120.99%3,077.16
19531-0.77%3,053.36
195320.96%3,082.58
19533-4.47%2,944.70
195341.00%2,974.23
19535-3.11%2,881.80
195361.91%2,936.95
195370.90%2,963.35
19538-4.11%2,841.64
195393.52%2,941.58
1953102.71%3,021.24
1953111.84%3,076.73
1953123.02%3,169.77
195412.68%3,254.60
195422.58%3,338.65
195434.45%3,487.24
195444.42%3,641.46
195451.22%3,686.00
195464.46%3,850.30
195472.39%3,942.48
195482.74%4,050.50
195492.71%4,160.29
1954104.30%4,339.28
1954114.95%4,554.22
1954122.17%4,652.97
195513.70%4,825.36
19552-0.44%4,804.30
195533.81%4,987.26
19554-0.08%4,983.33
195556.15%5,289.56
195567.64%5,693.90
19557-0.30%5,676.86
195584.82%5,950.28
19559-4.72%5,669.14
1955107.07%6,069.73
1955111.24%6,144.82
195512-2.39%5,998.10
195610.95%6,055.04
195627.21%6,491.38
195631.48%6,587.63
19564-2.84%6,400.64
19565-0.26%6,383.87
195665.75%6,750.87
19567-0.28%6,731.65
19568-3.09%6,523.72
19569-0.95%6,461.51
195610-0.71%6,415.47
1956111.81%6,531.52
195612-1.86%6,409.87
19571-4.00%6,153.74
195721.62%6,253.47
195732.64%6,418.81
195744.16%6,685.84
195751.95%6,816.50
195762.32%6,974.78
19577-5.21%6,611.74
19578-3.74%6,364.50
19579-5.90%5,989.21
195710-1.80%5,881.37
1957110.32%5,900.08
1957122.33%6,037.48
195810.70%6,079.85
195822.42%6,226.92
195830.90%6,282.74
195843.56%6,506.27
195852.74%6,684.23
195863.07%6,889.49
195874.05%7,168.81
195882.94%7,379.84
195894.36%7,701.53
1958103.33%7,957.70
1958112.16%8,129.78
1958124.25%8,475.67
19591-1.27%8,368.45
195922.81%8,603.29
195931.94%8,769.88
195941.77%8,924.71
19595-0.61%8,870.60
195964.23%9,245.61
19597-0.32%9,216.17
19598-3.70%8,874.87
195990.18%8,890.56
1959100.67%8,950.04
1959113.46%9,259.99
195912-1.49%9,122.41
19601-3.61%8,793.16
19602-1.08%8,698.36
196031.58%8,836.16
19604-0.62%8,780.98
196053.99%9,131.17
19606-2.20%8,930.64
196071.49%9,063.78
19608-2.72%8,817.18
19609-1.67%8,669.58
1960103.54%8,976.56
1960112.69%9,218.09
1960125.43%9,718.35
196114.37%10,143.44
196123.40%10,488.02
196132.92%10,794.16
196141.26%10,930.53
19615-1.08%10,812.46
19616-0.03%10,809.44
196173.84%11,224.41
19618-0.54%11,163.61
196191.34%11,313.54
1961104.77%11,853.43
1961111.16%11,991.28
196112-3.49%11,573.13
196211.91%11,794.12
196220.34%11,834.34
19623-2.94%11,485.82
19624-7.19%10,660.56
19625-11.41%9,443.90
196262.72%9,700.52
196273.02%9,993.77
19628-0.59%9,934.47
19629-2.86%9,650.71
1962107.20%10,345.65
1962114.62%10,824.01
1962124.15%11,272.85
196311.60%11,452.71
19632-0.11%11,440.31
196334.98%12,009.82
196342.27%12,282.40
196350.22%12,309.00
19636-1.22%12,158.60
196373.03%12,527.15
196382.89%12,889.63
196390.50%12,954.07
196310-0.31%12,914.35
1963112.39%13,223.44
1963123.33%13,663.80
196411.48%13,866.02
196422.07%14,153.19
196431.69%14,392.82
196441.22%14,568.46
19645-0.35%14,517.37
196463.96%15,092.41
19647-1.23%14,907.43
196481.97%15,200.43
196491.97%15,499.90
1964100.94%15,645.13
196411-1.49%15,411.97
1964122.82%15,846.70
196510.98%16,001.22
196520.34%16,054.92
196531.56%16,304.99
196541.73%16,587.49
19655-4.51%15,839.84
196560.10%15,856.13
196572.12%16,192.06
196583.60%16,774.34
196592.50%17,193.17
1965101.08%17,378.17
196511-0.21%17,341.39
1965121.98%17,684.83
19661-0.43%17,608.71
19662-3.86%16,928.60
196633.32%17,490.79
19664-5.01%16,614.93
19665-0.56%16,521.96
196660.02%16,525.00
19667-5.77%15,571.60
19668-3.22%15,069.44
19669-0.56%14,984.39
1966105.32%15,780.97
1966110.72%15,893.93
1966124.13%16,550.39
196713.73%17,167.73
196722.63%17,619.88
196731.99%17,970.95
196742.06%18,340.73
19675-0.99%18,158.83
196761.99%18,520.62
196771.85%18,863.56
196781.65%19,175.55
196790.10%19,194.23
196710-2.88%18,641.10
1967113.11%19,221.16
196712-0.02%19,217.80
19681-4.26%18,399.70
19682-1.56%18,112.81
196837.66%19,500.56
196842.56%19,999.33
196852.94%20,587.45
196860.05%20,597.52
19687-1.93%20,199.18
196883.51%20,907.70
196892.72%21,475.80
1968101.79%21,859.31
1968111.29%22,140.27
196812-3.99%21,257.95
19691-0.24%21,207.24
19692-1.91%20,801.37
196932.27%21,274.45
196943.51%22,021.92
19695-4.97%20,927.14
19696-4.21%20,047.09
19697-0.28%19,990.23
196980.63%20,115.88
196991.35%20,386.72
1969101.00%20,590.07
196911-5.03%19,554.91
196912-0.59%19,439.72
19701-3.20%18,818.41
197022.01%19,197.09
19703-2.75%18,669.61
19704-11.20%16,578.80
19705-0.27%16,534.05
197060.52%16,620.45
197073.26%17,161.58
197086.32%18,246.41
197092.49%18,700.66
1970100.21%18,739.32
1970117.16%20,080.75
1970124.11%20,906.20
197114.15%21,774.03
197122.83%22,390.64
197133.67%23,213.24
19714-1.11%22,956.07
19715-1.60%22,589.72
19716-0.46%22,485.14
19717-1.52%22,144.02
197182.49%22,694.60
19719-1.86%22,271.65
197110-4.37%21,298.04
1971117.16%22,823.75
1971124.42%23,833.13
197212.09%24,330.52
197222.62%24,967.89
197231.26%25,282.21
19724-0.78%25,086.05
197250.52%25,215.52
19726-0.50%25,088.46
197273.78%26,037.73
19728-1.21%25,722.56
197290.42%25,829.93
1972105.25%27,187.09
1972112.31%27,815.52
1972120.99%28,090.72
19731-3.33%27,156.67
19732-1.35%26,791.32
19733-1.63%26,353.73
19734-2.57%25,676.50
19735-1.99%25,165.60
197361.21%25,470.16
19737-1.64%25,053.62
197382.00%25,553.51
197394.24%26,635.78
197310-6.85%24,810.47
197311-6.81%23,122.04
1973121.70%23,515.22
19741-2.47%22,933.72
197424.57%23,982.86
19743-4.82%22,827.69
19744-2.71%22,210.04
197450.46%22,311.60
19746-11.35%19,779.93
19747-3.76%19,035.27
19748-10.01%17,129.15
197492.38%17,536.30
1974103.74%18,192.76
197411-6.09%17,084.49
1974128.63%18,559.35
1975110.81%20,565.16
197524.97%21,588.00
197531.49%21,909.02
197546.71%23,379.69
197552.89%24,056.45
197560.43%24,160.37
19757-7.00%22,470.05
19758-0.85%22,278.45
197594.97%23,385.97
1975102.04%23,863.44
197511-1.18%23,581.94
1975129.55%25,832.90
197614.18%26,912.24
197620.80%27,128.18
197631.10%27,425.36
19764-0.38%27,320.25
197650.90%27,566.29
197662.67%28,301.03
19767-0.56%28,142.37
197682.44%28,828.44
19769-3.11%27,932.39
197610-0.37%27,829.98
1976113.79%28,883.77
197612-0.54%28,728.59
19771-2.37%28,048.12
19772-0.05%28,032.92
19773-1.19%27,698.30
197740.06%27,716.17
197750.90%27,965.55
197761.28%28,324.19
19777-2.08%27,735.44
19778-1.18%27,409.46
19779-2.20%26,807.03
1977100.98%27,070.05
197711-0.08%27,048.36
197712-3.39%26,131.32
19781-0.97%25,877.33
197820.27%25,946.07
197834.83%27,199.27
197845.50%28,696.40
197850.67%28,889.69
19786-0.06%28,871.69
197877.33%30,987.45
197880.40%31,111.30
19789-2.77%30,248.43
197810-5.44%28,603.63
1978111.92%29,153.63
1978124.19%30,373.80
19791-1.06%30,052.76
197922.34%30,756.34
197932.43%31,504.00
19794-1.89%30,907.62
197952.42%31,654.85
197961.42%32,104.62
197975.01%33,714.45
197981.54%34,233.81
19799-3.35%33,086.12
197910-0.32%32,979.43
1979114.40%34,431.85
1979123.31%35,572.39
198014.40%37,136.10
19802-8.78%33,876.36
19803-1.16%33,482.70
198045.04%35,168.93
198056.86%37,582.46
198064.97%39,450.11
198073.50%40,832.71
198082.84%41,990.65
198093.32%43,386.74
1980104.61%45,388.91
198011-1.24%44,823.91
1980120.01%44,828.39
19811-3.07%43,452.08
198124.14%45,252.43
198131.29%45,837.90
19814-1.62%45,096.58
198150.86%45,483.32
19816-2.02%44,566.27
198170.80%44,923.94
19818-8.30%41,194.05
198191.73%41,905.57
1981103.04%43,181.06
1981111.18%43,690.33
198112-4.80%41,591.39
19821-1.91%40,795.37
19822-2.74%39,675.73
198235.47%41,845.72
198240.57%42,084.09
19825-5.27%39,866.00
198260.24%39,963.21
198270.79%40,280.51
1982812.10%45,152.99
198298.88%49,163.21
1982104.50%51,375.51
1982111.36%52,071.91
1982123.93%54,116.12
198312.13%55,268.80
198323.87%57,405.28
198334.20%59,814.81
198344.42%62,461.02
198351.75%63,556.28
198360.71%64,006.34
19837-2.41%62,465.59
198383.31%64,535.59
198390.65%64,953.74
198310-1.14%64,212.34
198311-0.13%64,130.07
1983121.58%65,140.71
19841-5.11%61,810.60
198420.44%62,084.03
198430.51%62,398.92
19844-0.25%62,241.32
19845-1.85%61,090.91
19846-0.91%60,535.93
198479.21%66,109.20
198481.41%67,039.34
19849-0.41%66,762.87
1984101.29%67,621.37
198411-0.71%67,142.91
1984124.70%70,297.00
198515.79%74,365.34
19852-0.48%74,009.64
198531.02%74,768.02
198542.74%76,813.40
198552.51%78,742.16
198562.25%80,511.67
19857-1.85%79,025.98
19858-1.88%77,536.35
198591.50%78,695.95
1985106.42%83,748.64
1985115.29%88,182.72
1985120.75%88,845.62
198615.70%93,907.37
198626.18%99,713.45
198632.74%102,447.02
198640.49%102,950.88
198653.13%106,176.58
19866-1.80%104,261.25
198672.28%106,639.29
19868-2.46%104,019.98
19869-0.09%103,926.50
1986103.53%107,598.17
1986111.71%109,436.95
1986126.67%116,740.09
198716.46%124,283.69
198724.38%129,722.85
19873-0.86%128,611.89
198740.17%128,834.17
198754.50%134,629.71
198763.12%138,832.98
198776.45%147,793.27
19878-3.03%143,314.51
19879-11.85%126,326.17
198710-12.30%110,783.74
198711-1.33%109,305.11
1987124.25%113,946.80
198813.33%117,739.59
198823.23%121,545.01
19883-0.89%120,468.09
19884-2.19%117,831.93
198856.00%124,899.72
19886-0.31%124,516.38
19887-1.72%122,376.58
198881.93%124,734.99
198893.80%129,476.93
198810-2.02%126,861.18
1988112.33%129,811.91
1988123.51%134,371.76
198913.30%138,805.83
19892-0.16%138,581.43
198933.56%143,521.58
198944.12%149,427.93
198953.39%154,497.46
198962.80%158,823.66
198974.69%166,273.68
198980.46%167,031.12
198990.29%167,509.26
198910-1.81%164,471.39
1989112.74%168,972.49
198912-2.21%165,236.13
19901-2.53%161,060.30
199022.71%165,420.48
199030.20%165,744.68
199043.85%172,127.38
199053.17%177,583.74
199060.17%177,885.15
19907-7.86%163,901.19
19908-4.34%156,786.14
19909-2.32%153,155.34
1990102.98%157,725.21
1990114.59%164,959.44
199012-0.69%163,829.19
1991111.61%182,844.47
199123.04%188,411.39
199132.26%192,667.28
19914-0.18%192,322.64
199150.35%192,990.02
199160.78%194,496.28
199172.68%199,706.71
19918-0.30%199,101.39
199190.18%199,463.05
1991100.02%199,494.56
1991110.94%201,360.11
1991127.36%216,176.24
19921-0.60%214,877.36
19922-1.01%212,701.98
199230.26%213,264.16
199242.07%217,675.21
19925-1.33%214,782.04
199261.91%218,888.96
199270.94%220,950.28
199280.38%221,785.89
19929-1.18%219,164.26
1992102.76%225,206.40
1992113.27%232,573.35
1992120.14%232,905.68
199311.72%236,921.56
199322.15%242,015.73
19933-1.34%238,768.50
199340.72%240,498.91
199350.87%242,579.66
199360.06%242,727.65
199371.76%247,005.64
199381.35%250,352.50
199391.24%253,461.64
1993100.01%253,480.76
1993110.89%255,729.59
1993121.74%260,168.75
19941-0.08%259,971.80
19942-1.42%256,270.28
19943-3.35%247,694.51
199441.06%250,315.71
199451.11%253,089.44
19946-0.52%251,776.22
199473.08%259,536.16
199480.82%261,657.78
19949-0.44%260,496.00
199410-0.37%259,532.47
199411-1.03%256,870.43
1994122.45%263,166.77
199513.82%273,217.36
199522.56%280,206.72
199533.22%289,216.92
199543.35%298,899.21
199553.18%308,399.49
199563.55%319,339.90
199570.51%320,978.51
199583.72%332,911.41
199590.91%335,949.45
1995102.36%343,872.43
1995113.39%355,526.74
1995120.16%356,104.76
199615.90%377,130.59
19962-0.20%376,373.69
199630.20%377,115.31
199642.35%385,995.72
199651.28%390,931.03
19966-3.48%377,340.06
199673.08%388,946.11
199682.02%396,817.32
199694.12%413,164.20
1996105.05%434,037.59
1996111.20%439,238.35
1996123.26%453,546.71
199714.36%473,326.63
19972-0.62%470,374.56
19973-3.41%454,357.15
199749.22%496,239.02
199755.34%522,722.43
199765.74%552,705.39
199770.35%554,627.64
199781.19%561,238.85
199791.65%570,473.34
199710-1.15%563,901.24
1997112.63%578,757.87
1997120.24%580,130.04
199816.40%617,270.88
199825.31%650,065.70
199833.41%672,204.83
19984-0.22%670,713.49
199850.12%671,494.58
199864.47%701,494.72
19987-6.97%652,593.47
19988-4.90%620,626.51
199891.29%628,637.90
19981010.97%697,627.04
1998114.10%726,258.39
1998125.05%762,917.64
19991-0.07%762,408.70
199922.92%784,697.79
199934.25%818,047.62
19994-0.10%817,239.13
19995-0.61%812,239.53
199964.52%848,972.15
19997-3.77%816,928.66
19998-0.60%812,043.29
19999-1.27%801,710.28
1999107.11%858,679.40
1999112.81%882,797.40
199912-0.12%881,747.46
20001-2.48%859,897.08
200023.94%893,785.22
200031.42%906,518.67
20004-2.84%880,784.47
200053.16%908,647.92
200060.85%916,374.54
200070.94%924,985.81
20008-1.08%914,999.19
20009-5.21%867,289.03
200010-0.77%860,588.67
200011-3.32%832,016.49
2000120.46%835,802.23
20011-2.14%817,947.34
20012-9.08%743,678.52
200130.45%747,015.35
200146.88%798,405.03
20015-2.39%779,333.91
20016-2.66%758,601.85
20017-2.05%743,082.08
20018-11.25%659,505.23
200193.18%680,504.08
2001105.05%714,890.95
2001111.47%725,371.60
200112-0.30%723,212.25
20021-3.35%698,964.61
200224.95%733,530.30
20023-3.51%707,750.88
20024-2.82%687,789.67
20025-5.92%647,065.93
20026-10.76%577,451.35
200271.14%584,027.31
20028-4.76%556,240.87
20029-1.37%548,636.82
2002106.63%584,987.17
200211-1.04%578,932.20
200212-0.22%577,643.97
20031-6.41%540,589.06
200321.31%547,659.41
200335.29%576,607.91
200345.31%607,238.55
200355.70%641,876.56
200360.60%645,701.50
20037-0.17%644,627.55
200383.16%665,005.39
200392.03%678,490.56
2003101.21%686,704.28
2003113.06%707,743.59
2003124.93%742,670.46
200411.09%750,740.78
20042-1.57%738,990.21
200430.97%746,144.65
20044-2.56%727,011.61
200452.86%747,787.25
20046-2.24%731,045.95
20047-1.39%720,902.17
200482.78%740,962.17
200490.10%741,722.36
2004104.77%777,131.42
2004112.73%798,327.27
200412-1.35%787,556.06
200511.68%800,796.51
20052-0.26%798,749.77
20053-2.41%779,508.54
200541.34%789,921.76
200552.18%807,147.57
200561.81%821,739.11
200570.31%824,286.65
200580.28%826,592.10
20059-2.62%804,900.51
2005103.96%836,786.98
2005112.14%854,728.79
2005121.47%867,265.70
20061-0.02%867,121.39
200621.49%880,008.01
200630.80%887,033.39
20064-0.79%880,055.67
20065-2.71%856,243.18
200660.72%862,408.48
200672.29%882,172.81
200682.53%904,502.13
200693.62%937,208.14
2006102.00%955,967.70
2006112.15%976,504.42
2006120.69%983,269.90
200711.60%998,963.36
20072-2.47%974,250.10
200734.18%1,014,976.29
200743.39%1,049,401.78
200750.34%1,053,021.18
200760.57%1,059,072.04
20077-4.20%1,014,579.29
200783.07%1,045,775.00
200792.99%1,077,060.74
200710-4.81%1,025,293.87
2007111.24%1,037,989.27
200712-6.64%969,116.63
20081-1.56%953,959.98
20082-2.63%928,902.93
200834.24%968,323.73
200842.56%993,138.04
20085-4.25%950,963.61
20086-6.08%893,159.56
200872.11%912,010.01
20088-4.85%867,799.99
20089-20.19%692,560.06
200810-8.61%632,962.86
200811-0.35%630,739.78
200812-1.10%623,829.67
20091-6.70%582,017.45
20092-5.69%548,915.58
2009312.32%616,551.58
200946.66%657,612.82
200952.87%676,478.82
200961.28%685,121.79
200978.12%740,758.79
200983.65%767,799.03
200992.40%786,250.07
2009102.09%802,716.70
2009112.23%820,584.04
2009121.36%831,719.10
20101-2.90%807,611.94
201025.94%855,608.61
201034.09%890,585.29
20104-5.88%838,197.53
20105-3.54%808,495.46
20106-0.16%807,209.37
201070.86%814,180.52
201083.37%841,627.80
201094.58%880,152.78
2010102.49%902,076.63
2010113.71%935,577.38
2010123.46%967,968.88
201113.15%998,468.26
20112-1.11%987,360.69
201132.22%1,009,289.80
201140.66%1,015,943.39
20115-3.66%978,733.45
201163.10%1,009,091.17
20117-10.40%904,139.16
20118-0.79%897,003.29
201193.02%924,082.97
2011101.77%940,412.65
2011111.55%955,033.73
2011124.78%1,000,708.77
201214.16%1,042,364.36
201222.88%1,072,424.45
20123-0.04%1,072,014.67
20124-3.09%1,038,879.21
20125-1.15%1,026,907.05
201262.92%1,056,903.90
201273.39%1,092,708.64
201283.02%1,125,721.18
20129-0.22%1,123,276.85
201210-2.84%1,091,403.94
2012112.18%1,115,147.82
2012124.27%1,162,750.81
201312.33%1,189,878.05
201322.72%1,222,271.93
201331.45%1,240,041.21
201344.57%1,296,764.04
20135-1.12%1,282,269.14
201363.25%1,324,000.29
201370.25%1,327,343.77
201381.19%1,343,171.91
201392.12%1,371,614.25
2013103.86%1,424,558.47
2013111.52%1,446,235.43
2013120.97%1,460,232.21
20141-0.13%1,458,333.39
201422.72%1,498,033.15
201430.20%1,501,055.04
201441.53%1,524,051.72
201453.20%1,572,765.26
201461.50%1,596,291.03
20147-0.43%1,589,475.65
201481.78%1,617,737.07
20149-2.65%1,574,922.30
2014105.71%1,664,781.89
2014110.63%1,675,334.74
201412-1.11%1,656,737.76
201512.83%1,703,580.33
201520.06%1,704,523.49
201530.88%1,719,496.19
201540.98%1,736,328.41
20155-0.44%1,728,766.70
20156-0.08%1,727,390.08
20157-2.42%1,685,511.28
20158-4.51%1,609,543.67
201594.32%1,679,029.59
2015102.93%1,728,266.63
201511-1.10%1,709,204.37
201512-6.42%1,599,479.92
20161-0.55%1,590,684.23
201626.36%1,691,895.13
201632.83%1,739,797.09
20164-0.30%1,734,501.75
201651.07%1,753,000.04
201663.30%1,810,804.15
201671.20%1,832,520.34
20168-0.44%1,824,481.60
20169-0.51%1,815,250.07
2016101.20%1,837,054.14
2016113.95%1,909,543.63
2016121.44%1,936,995.90
201712.58%1,986,901.54
201721.75%2,021,657.55
20173-0.15%2,018,544.11
201741.69%2,052,705.42
201751.78%2,089,170.25
201760.99%2,109,808.83
201770.25%2,115,037.05
201781.65%2,150,004.17
201792.73%2,208,802.47
2017101.59%2,243,912.91
2017112.88%2,308,615.83
2017124.86%2,420,858.38
20181-2.89%2,350,975.79
201820.06%2,352,494.01
20183-1.66%2,313,349.17
201841.96%2,358,728.31
201852.11%2,408,567.53
201861.58%2,446,640.77
201872.45%2,506,603.16
201881.68%2,548,707.77
20189-3.85%2,450,608.36
201810-2.08%2,399,731.08
201811-5.56%2,266,245.74
2018121.74%2,305,579.53
201915.83%2,439,969.51
201921.95%2,487,500.66
201933.72%2,580,115.77
20194-1.53%2,540,593.85
201951.40%2,576,282.82
201963.83%2,674,886.02
20197-3.13%2,591,044.02
201983.09%2,670,983.62
201990.01%2,671,245.45
2019104.43%2,789,680.25
2019112.47%2,858,566.38
2019123.35%2,954,225.38
202010.12%2,957,831.80
20202-18.92%2,398,277.79
202034.32%2,501,850.16
202045.89%2,649,143.22
202056.51%2,821,556.66
202063.48%2,919,646.24
202075.89%3,091,715.73
20208-0.63%3,072,330.59
202091.73%3,125,359.06
2020103.95%3,248,939.40
2020114.26%3,387,346.84
2020122.80%3,482,033.33
202112.49%3,568,789.19
202120.82%3,598,101.71
202136.02%3,814,760.91
202140.76%3,843,761.92
202151.81%3,913,350.26
202163.07%4,033,419.73
202172.19%4,121,556.48
20218-0.08%4,118,073.82
202190.45%4,136,694.76
2021104.74%4,332,970.34
2021110.27%4,344,470.20
202112-2.05%4,255,323.72
20221-2.90%4,131,809.98
20222-0.89%4,094,930.12
202230.12%4,099,774.49
20224-7.87%3,777,010.31
20225-3.37%3,649,748.29
202260.46%3,666,708.14
202276.45%3,903,115.25
20228-7.28%3,619,069.78
20229-3.09%3,507,198.00
2022105.29%3,692,556.71
2022110.01%3,692,956.89
2022121.38%3,743,788.83
202313.15%3,861,604.80
20232-2.59%3,761,765.83
202334.00%3,912,094.32
202340.74%3,940,953.65
202354.94%4,135,722.94
202363.88%4,296,025.29
20237-1.00%4,253,166.57
20238-0.95%4,212,609.34
20239-3.04%4,084,659.23
2023104.60%4,272,623.96
2023115.18%4,493,742.80
2023122.91%4,624,593.26
202414.20%4,818,792.49
202423.28%4,976,951.04
20243-1.01%4,926,727.23
202442.52%5,050,718.81
202453.55%5,230,048.83
202462.38%5,354,506.28
20247-0.97%5,302,534.88
202482.72%5,446,875.74
202493.15%5,618,555.06
2024104.40%5,865,740.81
Click to show 1350 more rows

Remember, returns are based on the average closing price across the entire month. Some losses are offset by dividend returns.

Dollar-cost averaging

Dollar-cost averaging is an alternative to investing the full lump-sum of $100.00 up-front. Instead, the capital is invested over a period of time.

Consider a strategy in which $100.00 was invested in the S&P 500 over a period of no more than 24 months beginning in 1911. This would result in a final amount of $5,507,638.29, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $5,865,740.81).

YearMonthContribution ($)Amount ($)
191114.164.23
191124.168.31
191134.1612.45
191144.1617.02
191154.1621.68
191164.1625.82
191174.1628.65
191184.1631.15
191194.1635.65
1911104.1641.57
1911114.1646.11
1911124.1650.52
191214.1654.42
191224.1660.50
191234.1666.93
191244.1671.30
191254.1675.75
191264.1680.31
191274.1686.74
191284.1691.71
191294.1696.05
1912104.1699.47
1912114.16100.31
1912124.32104.17
19131-100.92
19132-99.46
19133-99.80
19134-97.53
19135-93.08
19136-94.80
19137-97.79
19138-99.18
19139-96.51
191310-94.52
191311-94.87
191312-99.24
19141-101.01
19142-99.57
19143-97.64
19144-98.71
19145-98.68
19146-93.67
19147-94.13
19148-94.58
19149-95.02
191410-95.47
191411-91.80
191412-93.86
19151-93.05
19152-95.89
19153-103.55
19154-101.59
19155-103.19
19156-103.26
19157-108.10
19158-112.57
19159-119.27
191510-123.92
191511-124.65
191512-123.15
19161-121.91
19162-122.02
19163-121.20
19164-124.40
19165-126.15
19166-124.95
19167-126.47
19168-132.22
19169-136.92
191610-140.69
191611-135.67
191612-133.13
19171-126.28
19172-130.88
19173-129.60
19174-125.93
19175-129.22
19176-126.39
19177-123.41
19178-118.26
19179-112.65
191710-104.08
191711-101.37
191712-108.34
19181-112.49
19182-111.07
19183-110.84
19184-115.21
19185-116.19
19186-117.94
19187-119.85
19188-120.03
19189-125.92
191810-129.91
191811-128.11
191812-128.07
19191-129.33
19192-134.04
19193-139.26
19194-149.66
19195-154.43
19196-160.23
19197-150.22
19198-153.35
19199-161.95
191910-157.93
191911-154.05
191912-153.26
19201-141.35
19202-152.07
19203-151.61
19204-142.85
19205-141.14
19206-141.74
19207-136.96
19208-142.60
19209-143.56
192010-137.05
192011-125.55
192012-131.87
19211-131.72
19212-129.15
19213-130.49
19214-135.23
19215-125.18
19216-125.57
19217-124.80
19218-128.66
19219-131.18
192110-138.99
192111-144.68
192112-145.24
19221-149.19
19222-155.57
19223-165.81
19224-173.08
19225-172.27
19226-174.31
19227-181.70
19228-187.28
19229-192.27
192210-183.59
192211-184.05
192212-187.46
19231-196.36
19232-200.44
19233-194.34
19234-186.07
19235-179.92
19236-174.81
19237-176.62
19238-178.66
19239-176.99
192310-183.25
192311-190.43
192312-197.65
19241-199.54
19242-196.71
19243-193.20
19244-193.53
19245-198.21
19246-208.43
19247-216.63
19248-215.59
19249-213.86
192410-226.87
192411-240.18
192412-251.19
19251-254.43
19252-248.86
19253-247.35
19254-256.43
19255-262.17
19256-270.61
19257-275.45
19258-283.00
19259-293.55
192510-303.90
192511-310.09
192512-316.06
19261-317.83
19262-297.54
19263-290.53
19264-293.89
19265-309.22
19266-323.61
19267-337.83
19268-344.40
19269-338.08
192610-343.95
192611-353.26
192612-352.41
19271-360.77
19272-367.87
19273-378.45
19274-393.09
19275-399.79
19276-410.28
19277-433.77
19278-460.07
19279-454.71
192710-466.78
192711-479.47
192712-483.15
19281-479.15
19282-506.68
19283-540.44
19284-559.00
19285-533.48
19286-539.30
19287-558.67
19288-599.87
19289-614.01
192810-657.50
192811-662.07
192812-713.00
19291-718.78
19292-733.52
19293-731.31
19294-744.45
19295-760.84
19296-830.84
19297-880.33
19298-917.70
19299-822.95
192910-607.41
192911-633.97
192912-645.55
19301-688.40
19302-716.77
19303-764.71
19304-721.49
19305-651.00
19306-639.55
19307-633.82
19308-635.99
19309-550.95
193010-513.49
193011-481.72
193012-498.85
19311-539.45
19312-552.29
19313-502.15
19314-456.15
19315-443.93
19316-461.05
19317-449.60
19318-385.00
19319-335.91
193110-342.81
193111-280.76
193112-278.38
19321-278.25
19322-281.42
19323-216.06
19324-191.62
19325-167.87
19326-178.25
19327-269.79
19328-297.76
19329-258.41
193210-257.54
193211-250.74
193212-262.20
19331-232.66
19332-233.44
19333-259.68
19334-335.81
19335-394.86
19336-428.27
19337-408.39
19338-406.41
19339-368.30
193310-378.62
193311-387.41
193312-410.98
19341-442.83
19342-421.58
19343-430.10
19344-387.83
19345-394.43
19346-377.26
19347-364.00
19348-356.69
19349-360.99
193410-372.59
193411-376.53
193412-378.06
19351-368.16
19352-346.32
19353-373.81
19354-404.71
19355-421.60
19356-445.21
19357-476.84
19358-488.44
19359-503.03
193510-551.88
193511-553.50
193512-585.72
19361-621.05
19362-636.03
19363-638.67
19364-606.61
19365-634.35
19366-673.90
19367-689.38
19368-699.34
19369-738.15
193610-761.05
193611-750.39
193612-776.35
19371-801.98
19372-803.83
19373-758.61
19374-727.62
19375-703.33
19376-748.30
19377-759.05
19378-654.58
19379-562.30
193710-515.82
193711-510.57
193712-527.09
19381-517.59
19382-486.44
19383-469.69
19384-477.00
19385-490.99
19386-591.58
19387-597.83
19388-573.42
19389-640.03
193810-643.01
193811-626.61
193812-619.33
19391-616.49
19392-618.14
19393-542.47
19394-564.69
19395-576.95
19396-593.32
19397-586.98
19398-651.88
19399-660.90
193910-651.59
193911-638.73
193912-637.79
19401-636.33
19402-635.41
19403-644.43
19404-558.45
19405-513.25
19406-533.11
19407-547.24
19408-573.27
19409-581.68
194010-598.26
194011-576.78
194012-580.93
19411-547.68
19412-554.12
19413-540.02
19414-531.44
19415-553.27
19416-584.87
19417-585.31
19418-590.36
19419-570.09
194110-546.81
194111-514.65
194112-528.11
19421-515.02
19422-490.49
19423-473.55
19424-482.41
19425-510.14
19426-532.49
19427-532.73
19428-541.59
19429-584.74
194210-597.34
194211-603.65
194212-642.91
19431-684.27
19432-711.75
19433-738.70
19434-770.93
19435-787.73
19436-807.21
19437-770.57
19438-790.24
19439-786.29
194310-753.21
194311-766.55
194312-794.65
19441-792.71
19442-818.40
19443-807.69
19444-825.48
19445-867.93
19446-894.13
19447-884.69
19448-873.85
19449-899.05
194410-896.50
194411-919.81
194412-950.94
19451-986.44
19452-989.54
19453-1,018.26
19454-1,060.62
19455-1,083.82
19456-1,065.45
19457-1,072.98
19458-1,150.01
19459-1,201.92
194510-1,245.26
194511-1,270.48
194512-1,325.09
19461-1,332.85
19462-1,297.16
19463-1,384.97
19464-1,392.15
19465-1,387.43
19466-1,352.09
19467-1,330.13
19468-1,138.30
19469-1,116.99
194610-1,116.84
194611-1,154.75
194612-1,165.37
19471-1,215.13
19472-1,170.50
19473-1,131.90
19474-1,116.48
19475-1,160.25
19476-1,237.91
19477-1,218.61
19478-1,192.21
19479-1,228.29
194710-1,219.33
194711-1,205.64
194712-1,195.21
19481-1,142.04
19482-1,163.96
19483-1,259.26
19484-1,326.38
19485-1,387.22
19486-1,360.07
19487-1,326.23
19488-1,317.24
19489-1,359.24
194810-1,289.91
194811-1,287.87
194812-1,308.85
19491-1,265.30
19492-1,284.17
19493-1,289.48
19494-1,287.12
19495-1,223.89
19496-1,300.55
19497-1,354.78
19498-1,380.14
19499-1,423.50
194910-1,451.22
194911-1,498.26
194912-1,537.66
19501-1,576.46
19502-1,598.13
19503-1,652.25
19504-1,716.93
19505-1,754.09
19506-1,636.15
19507-1,744.76
19508-1,816.44
19509-1,902.20
195010-1,909.35
195011-1,913.07
195012-2,066.36
19511-2,155.40
19512-2,131.42
19513-2,172.48
19514-2,186.13
19515-2,161.10
19516-2,212.24
19517-2,322.09
19518-2,394.90
19519-2,395.58
195110-2,341.60
195111-2,426.21
195112-2,519.23
19521-2,485.67
19522-2,504.30
19523-2,509.39
19524-2,520.93
19525-2,602.73
19526-2,690.36
19527-2,714.05
19528-2,683.96
19529-2,640.72
195210-2,737.57
195211-2,861.01
195212-2,889.30
19531-2,866.95
19532-2,894.39
19533-2,764.93
19534-2,792.65
19535-2,705.86
19536-2,757.65
19537-2,782.43
19538-2,668.16
19539-2,761.99
195310-2,836.80
195311-2,888.90
195312-2,976.26
19541-3,055.91
19542-3,134.83
19543-3,274.34
19544-3,419.15
19545-3,460.97
19546-3,615.24
19547-3,701.79
19548-3,803.22
19549-3,906.31
195410-4,074.37
195411-4,276.18
195412-4,368.91
19551-4,530.77
19552-4,511.00
19553-4,682.78
19554-4,679.10
19555-4,966.63
19556-5,346.29
19557-5,330.29
19558-5,587.02
19559-5,323.04
195510-5,699.17
195511-5,769.68
195512-5,631.91
19561-5,685.38
19562-6,095.08
19563-6,185.45
19564-6,009.88
19565-5,994.13
19566-6,338.73
19567-6,320.68
19568-6,125.44
19569-6,067.03
195610-6,023.81
195611-6,132.77
195612-6,018.54
19571-5,778.06
19572-5,871.69
19573-6,026.94
19574-6,277.67
19575-6,400.35
19576-6,548.98
19577-6,208.09
19578-5,975.94
19579-5,623.57
195710-5,522.32
195711-5,539.88
195712-5,668.89
19581-5,708.68
19582-5,846.77
19583-5,899.18
19584-6,109.06
19585-6,276.16
19586-6,468.88
19587-6,731.15
19588-6,929.30
19589-7,231.35
195810-7,471.88
195811-7,633.46
195812-7,958.24
19591-7,857.56
19592-8,078.06
19593-8,234.48
19594-8,379.86
19595-8,329.05
19596-8,681.17
19597-8,653.52
19598-8,333.06
19599-8,347.79
195910-8,403.64
195911-8,694.67
195912-8,565.49
19601-8,256.34
19602-8,167.32
19603-8,296.72
19604-8,244.90
19605-8,573.71
19606-8,385.43
19607-8,510.44
19608-8,278.89
19609-8,140.31
196010-8,428.54
196011-8,655.33
196012-9,125.04
19611-9,524.18
19612-9,847.73
19613-10,135.18
19614-10,263.22
19615-10,152.36
19616-10,149.52
19617-10,539.16
19618-10,482.07
19619-10,622.85
196110-11,129.78
196111-11,259.22
196112-10,866.60
19621-11,074.09
19622-11,111.85
19623-10,784.62
19624-10,009.73
19625-8,867.35
19626-9,108.31
19627-9,383.65
19628-9,327.98
19629-9,061.54
196210-9,714.05
196211-10,163.20
196212-10,584.64
19631-10,753.52
19632-10,741.88
19633-11,276.63
19634-11,532.56
19635-11,557.54
19636-11,416.32
19637-11,762.37
19638-12,102.72
19639-12,163.22
196310-12,125.93
196311-12,416.15
196312-12,829.63
19641-13,019.50
19642-13,289.14
19643-13,514.14
19644-13,679.06
19645-13,631.09
19646-14,171.02
19647-13,997.33
19648-14,272.44
19649-14,553.64
196410-14,690.00
196411-14,471.07
196412-14,879.27
19651-15,024.35
19652-15,074.77
19653-15,309.58
19654-15,574.83
19655-14,872.82
19656-14,888.12
19657-15,203.54
19658-15,750.27
19659-16,143.53
196510-16,317.23
196511-16,282.70
196512-16,605.17
19661-16,533.70
19662-15,895.11
19663-16,422.98
19664-15,600.59
19665-15,513.30
19666-15,516.15
19667-14,620.96
19668-14,149.45
19669-14,069.59
196610-14,817.54
196611-14,923.61
196612-15,539.99
19671-16,119.64
19672-16,544.19
19673-16,873.83
19674-17,221.03
19675-17,050.23
19676-17,389.94
19677-17,711.94
19678-18,004.88
19679-18,022.42
196710-17,503.07
196711-18,047.71
196712-18,044.56
19681-17,276.40
19682-17,007.03
19683-18,310.06
19684-18,778.37
19685-19,330.59
19686-19,340.04
19687-18,966.02
19688-19,631.29
19689-20,164.71
196810-20,524.80
196811-20,788.61
196812-19,960.15
19691-19,912.54
19692-19,531.45
19693-19,975.65
19694-20,677.49
19695-19,649.55
19696-18,823.22
19697-18,769.83
19698-18,887.80
19699-19,142.11
196910-19,333.05
196911-18,361.08
196912-18,252.93
19701-17,669.55
19702-18,025.11
19703-17,529.83
19704-15,566.66
19705-15,524.65
19706-15,605.78
19707-16,113.87
19708-17,132.47
19709-17,558.99
197010-17,595.29
197011-18,854.82
197012-19,629.88
19711-20,444.73
19712-21,023.70
19713-21,796.08
19714-21,554.60
19715-21,210.62
19716-21,112.43
19717-20,792.13
19718-21,309.10
19719-20,911.97
197110-19,997.80
197111-21,430.36
197112-22,378.13
19721-22,845.15
19722-23,443.60
19723-23,738.73
19724-23,554.55
19725-23,676.11
19726-23,556.82
19727-24,448.13
19728-24,152.20
19729-24,253.02
197210-25,527.32
197211-26,117.39
197212-26,375.78
19731-25,498.76
19732-25,155.71
19733-24,744.84
19734-24,108.96
19735-23,629.24
19736-23,915.21
19737-23,524.10
19738-23,993.47
19739-25,009.67
197310-23,295.79
197311-21,710.45
197312-22,079.62
19741-21,533.62
19742-22,518.71
19743-21,434.06
19744-20,854.12
19745-20,949.48
19746-18,572.37
19747-17,873.17
19748-16,083.42
19749-16,465.71
197410-17,082.10
197411-16,041.48
197412-17,426.31
19751-19,309.66
19752-20,270.06
19753-20,571.48
19754-21,952.37
19755-22,587.81
19756-22,685.38
19757-21,098.26
19758-20,918.36
19759-21,958.26
197510-22,406.58
197511-22,142.27
197512-24,255.81
19761-25,269.25
19762-25,472.01
19763-25,751.05
19764-25,652.35
19765-25,883.37
19766-26,573.25
19767-26,424.28
19768-27,068.47
19769-26,227.13
197610-26,130.97
197611-27,120.42
197612-26,974.71
19771-26,335.79
19772-26,321.52
19773-26,007.33
19774-26,024.10
19775-26,258.26
19776-26,595.00
19777-26,042.20
19778-25,736.11
19779-25,170.47
197710-25,417.43
197711-25,397.06
197712-24,536.01
19781-24,297.52
19782-24,362.07
19783-25,538.76
19784-26,944.49
19785-27,125.98
19786-27,109.08
19787-29,095.67
19788-29,211.96
19789-28,401.77
197810-26,857.38
197811-27,373.80
197812-28,519.48
19791-28,218.04
19792-28,878.67
19793-29,580.68
19794-29,020.72
19795-29,722.33
19796-30,144.64
19797-31,656.19
19798-32,143.84
19799-31,066.21
197910-30,966.04
197911-32,329.79
197912-33,400.70
19801-34,868.95
19802-31,808.21
19803-31,438.58
19804-33,021.87
19805-35,288.06
19806-37,041.69
19807-38,339.88
19808-39,427.12
19809-40,737.99
198010-42,617.92
198011-42,087.42
198012-42,091.62
19811-40,799.34
19812-42,489.78
19813-43,039.51
19814-42,343.44
19815-42,706.57
19816-41,845.50
19817-42,181.34
19818-38,679.16
19819-39,347.24
198110-40,544.87
198111-41,023.04
198112-39,052.24
19821-38,304.82
19822-37,253.53
19823-39,291.04
19824-39,514.87
19825-37,432.19
19826-37,523.46
19827-37,821.39
19828-42,396.41
19829-46,161.80
198210-48,239.05
198211-48,892.93
198212-50,812.34
19831-51,894.65
19832-53,900.70
19833-56,163.12
19834-58,647.78
19835-59,676.18
19836-60,098.76
19837-58,652.07
19838-60,595.71
19839-60,988.32
198310-60,292.19
198311-60,214.94
198312-61,163.88
19841-58,037.08
19842-58,293.81
19843-58,589.48
19844-58,441.49
19845-57,361.32
19846-56,840.22
19847-62,073.25
19848-62,946.60
19849-62,687.01
198410-63,493.10
198411-63,043.85
198412-66,005.38
19851-69,825.35
19852-69,491.36
19853-70,203.45
19854-72,123.96
19855-73,934.96
19856-75,596.45
19857-74,201.46
19858-72,802.76
19859-73,891.58
198510-78,635.80
198511-82,799.18
198512-83,421.61
19861-88,174.34
19862-93,625.96
19863-96,192.64
19864-96,665.75
19865-99,694.52
19866-97,896.12
19867-100,128.98
19868-97,669.58
19869-97,581.80
198610-101,029.32
198611-102,755.85
198612-109,613.12
19871-116,696.19
19872-121,803.29
19873-120,760.16
19874-120,968.87
19875-126,410.58
19876-130,357.25
19877-138,770.52
19878-134,565.18
19879-118,613.98
198710-104,020.41
198711-102,632.05
198712-106,990.37
19881-110,551.61
19882-114,124.71
19883-113,113.53
19884-110,638.31
19885-117,274.61
19886-116,914.67
19887-114,905.51
19888-117,119.93
19889-121,572.39
198810-119,116.32
198811-121,886.91
198812-126,168.38
19891-130,331.75
19892-130,121.06
19893-134,759.61
19894-140,305.38
19895-145,065.41
19896-149,127.50
19897-156,122.70
19898-156,833.90
19899-157,282.84
198910-154,430.44
198911-158,656.75
198912-155,148.49
19901-151,227.60
19902-155,321.58
19903-155,625.99
19904-161,619.03
19905-166,742.29
19906-167,025.29
19907-153,895.05
19908-147,214.37
19909-143,805.23
199010-148,096.11
199011-154,888.69
199012-153,827.44
19911-171,681.85
19912-176,908.91
19913-180,904.98
19914-180,581.37
19915-181,208.01
19916-182,622.31
19917-187,514.64
19918-186,946.29
19919-187,285.87
199110-187,315.45
199111-189,067.11
199112-202,978.72
19921-201,759.13
19922-199,716.56
19923-200,244.42
19924-204,386.18
19925-201,669.63
19926-205,525.83
19927-207,461.30
19928-208,245.90
19929-205,784.31
199210-211,457.59
199211-218,374.79
199212-218,686.83
19931-222,457.53
19932-227,240.71
19933-224,191.72
19934-225,816.49
19935-227,770.21
19936-227,909.16
19937-231,925.98
19938-235,068.52
19939-237,987.85
199310-238,005.80
199311-240,117.34
199312-244,285.49
19941-244,100.57
19942-240,625.02
19943-232,572.80
19944-235,033.98
19945-237,638.37
19946-236,405.33
19947-243,691.52
19948-245,683.62
19949-244,592.77
199410-243,688.06
199411-241,188.53
199412-247,100.48
19951-256,537.48
19952-263,100.15
19953-271,560.27
19954-280,651.46
19955-289,571.75
19956-299,844.25
19957-301,382.82
19958-312,587.22
19959-315,439.79
199510-322,879.08
199511-333,821.89
199512-334,364.62
19961-354,106.82
19962-353,396.14
19963-354,092.48
19964-362,430.74
19965-367,064.76
19966-354,303.51
19967-365,201.01
19968-372,591.68
19969-387,940.59
199610-407,539.67
199611-412,422.92
199612-425,857.76
19971-444,430.11
19972-441,658.27
19973-426,618.72
19974-465,943.71
19975-490,810.31
19976-518,962.82
19977-520,767.72
19978-526,975.31
19979-535,646.03
199710-529,475.16
199711-543,424.80
199712-544,713.20
19981-579,586.60
19982-610,379.29
19983-631,166.83
19984-629,766.54
19985-630,499.95
19986-658,668.58
19987-612,752.75
19988-582,737.36
19989-590,259.66
199810-655,037.03
199811-681,920.43
199812-716,341.64
19991-715,863.77
19992-736,792.12
19993-768,105.95
19994-767,346.81
19995-762,652.44
19996-797,142.53
19997-767,055.30
19998-762,468.18
19999-752,765.99
199910-806,257.17
199911-828,902.76
199912-827,916.92
20001-807,400.50
20002-839,219.78
20003-851,175.86
20004-827,012.73
20005-853,175.11
20006-860,430.02
20007-868,515.58
20008-859,138.64
20009-814,341.18
200010-808,049.87
200011-781,222.02
200012-784,776.64
20011-768,011.79
20012-698,277.06
20013-701,410.19
20014-749,662.53
20015-731,755.70
20016-712,289.34
20017-697,717.04
20018-619,242.54
20019-638,959.42
200110-671,246.97
200111-681,087.78
200112-679,060.26
20021-656,292.93
20022-688,748.40
20023-664,542.80
20024-645,800.23
20025-607,562.66
20026-542,198.04
20027-548,372.54
20028-522,282.45
20029-515,142.63
200210-549,273.80
200211-543,588.48
200212-542,378.90
20031-507,586.18
20032-514,224.89
20033-541,406.09
20034-570,166.73
20035-602,690.10
20036-606,281.53
20037-605,273.14
20038-624,406.92
20039-637,068.82
200310-644,781.09
200311-664,535.96
200312-697,330.55
20041-704,908.18
20042-693,874.98
20043-700,592.64
20044-682,627.67
20045-702,134.96
20046-686,415.71
20047-676,891.21
20048-695,726.55
20049-696,440.33
200410-729,687.67
200411-749,589.52
200412-739,475.89
20051-751,908.01
20052-749,986.23
20053-731,919.67
20054-741,697.17
20055-757,871.34
20056-771,572.07
20057-773,964.08
20058-776,128.79
20059-755,761.46
200510-785,701.27
200511-802,547.74
200512-814,319.27
20061-814,183.77
20062-826,283.66
20063-832,880.14
20064-826,328.41
20065-803,969.68
20066-809,758.58
20067-828,316.30
20068-849,282.42
20069-879,991.74
200610-897,606.03
200611-916,888.99
200612-923,241.44
20071-937,976.81
20072-914,772.29
20073-953,012.15
20074-985,335.97
20075-988,734.41
20076-994,415.87
20077-952,639.39
20078-981,930.60
20079-1,011,306.36
200710-962,699.84
200711-974,620.19
200712-909,952.22
20081-895,720.88
20082-872,193.55
20083-909,207.73
20084-932,507.12
20085-892,907.44
20086-838,632.32
20087-856,331.94
20088-814,820.94
20089-650,279.38
200810-594,320.58
200811-592,233.22
200812-585,744.97
20091-546,485.38
20092-515,404.37
20093-578,911.21
20094-617,465.66
20095-635,179.89
20096-643,295.22
20097-695,535.58
20098-720,925.02
20099-738,249.63
200910-753,710.98
200911-770,487.51
200912-780,942.78
20101-758,307.36
20102-803,373.84
20103-836,215.20
20104-787,025.71
20105-759,136.95
20106-757,929.37
20107-764,474.93
20108-790,246.56
20109-826,419.60
201010-847,005.00
201011-878,460.53
201012-908,874.53
20111-937,511.93
20112-927,082.48
20113-947,672.82
20114-953,920.21
20115-918,981.93
20116-947,486.32
20117-848,941.61
20118-842,241.38
20119-867,667.86
201110-883,000.61
201111-896,729.07
201112-939,615.66
20121-978,728.18
20122-1,006,953.11
20123-1,006,568.35
20124-975,455.81
20125-964,214.54
20126-992,380.09
20127-1,025,998.96
20128-1,056,996.09
20129-1,054,700.98
201210-1,024,773.91
201211-1,047,068.22
201212-1,091,765.07
20131-1,117,236.18
20132-1,147,652.43
20133-1,164,336.90
20134-1,217,596.81
20135-1,203,986.82
20136-1,243,170.29
20137-1,246,309.65
20138-1,261,171.48
20139-1,287,877.42
201310-1,337,589.41
201311-1,357,943.00
201312-1,371,085.27
20141-1,369,302.37
20142-1,406,578.47
20143-1,409,415.87
20144-1,431,008.62
20145-1,476,748.20
20146-1,498,837.72
20147-1,492,438.42
20148-1,518,974.48
20149-1,478,773.55
201410-1,563,147.23
201411-1,573,055.83
201412-1,555,594.19
20151-1,599,577.03
20152-1,600,462.61
20153-1,614,521.23
20154-1,630,325.84
20155-1,623,225.77
20156-1,621,933.19
20157-1,582,611.09
20158-1,511,281.29
20159-1,576,525.11
201510-1,622,756.24
201511-1,604,857.72
201512-1,501,831.93
20161-1,493,573.22
20162-1,588,605.21
20163-1,633,582.76
20164-1,628,610.70
20165-1,645,979.68
20166-1,700,254.85
20167-1,720,645.28
20168-1,713,097.30
20169-1,704,429.35
201610-1,724,902.29
201611-1,792,966.31
201612-1,818,742.61
20171-1,865,601.52
20172-1,898,235.69
20173-1,895,312.32
20174-1,927,388.08
20175-1,961,626.75
20176-1,981,005.34
20177-1,985,914.38
20178-2,018,746.77
20179-2,073,955.44
201710-2,106,922.39
201711-2,167,675.21
201712-2,273,065.37
20181-2,207,449.10
20182-2,208,874.63
20183-2,172,119.58
20184-2,214,728.34
20185-2,261,524.88
20186-2,297,273.75
20187-2,353,575.45
20188-2,393,109.58
20189-2,300,999.12
201810-2,253,227.89
201811-2,127,891.81
201812-2,164,824.28
20191-2,291,009.77
20192-2,335,639.15
20193-2,422,600.12
20194-2,385,491.01
20195-2,419,001.18
20196-2,511,584.67
20197-2,432,861.21
20198-2,507,920.51
20199-2,508,166.35
201910-2,619,370.73
201911-2,684,051.37
201912-2,773,870.40
20201-2,777,256.65
20202-2,251,863.32
20203-2,349,112.61
20204-2,487,413.46
20205-2,649,301.09
20206-2,741,402.31
20207-2,902,966.99
20208-2,884,765.31
20209-2,934,556.40
202010-3,050,592.18
202011-3,180,549.86
202012-3,269,455.77
20211-3,350,915.19
20212-3,378,438.19
20213-3,581,870.38
20214-3,609,100.88
20215-3,674,440.87
20216-3,787,180.12
20217-3,869,936.13
20218-3,866,666.08
20219-3,884,150.22
202110-4,068,443.21
202111-4,079,241.00
202112-3,995,536.90
20221-3,879,563.65
20222-3,844,935.30
20223-3,849,483.93
20224-3,546,424.44
20225-3,426,931.75
20226-3,442,856.20
20227-3,664,830.70
20228-3,398,126.16
20229-3,293,084.13
202210-3,467,126.73
202211-3,467,502.48
202212-3,515,231.13
20231-3,625,854.46
20232-3,532,110.64
20233-3,673,261.60
20234-3,700,359.07
20235-3,883,237.73
20236-4,033,753.65
20237-3,993,511.44
20238-3,955,430.23
20239-3,835,291.45
202310-4,011,780.97
202311-4,219,400.54
202312-4,342,262.60
20241-4,524,605.99
20242-4,673,108.99
20243-4,625,951.33
20244-4,742,373.25
20245-4,910,755.20
20246-5,027,614.54
20247-4,978,815.99
20248-5,114,344.87
20249-5,275,543.19
202410-5,507,638.29
Click to show 1350 more rows

Data Sources

The information on this page is derived from Robert Shiller's book, Irrational Exuberance and the accompanying dataset, as well as the U.S. Bureau of Labor Statistics' monthly CPI logs.

Note that S&P index value for the current quarter is based on a moving average of closing prices, per Robert Shiller's methodology. The inflation data used is based on annual CPI averages.


Ian Webster

About the author

Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.

Email · LinkedIn · Twitter


S&P 500 from 1911 to 2024
Start Value
Average monthly close
$9.27
End Value
Average monthly close
$6,047.15
Change in price+65,133.55%
+5.90% / yr
Change incl. dividends+5,865,640.81%
+10.13% / yr
Change incl. dividends, inflation-adjusted+177,640.96%
+6.79% / yr
Final amount, nominal
($100 base)
$5,865,740.81
Final amount, inflation-adjusted
($100 base)
$177,740.96