S&P 500: $1000 in 1950 → $2,126,247.19 in 2020

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Stock market returns between 1950 and 2020

If you invested $1000 in the S&P 500 at the beginning of 1950, you would have about $2,126,247.19 at the end of 2020, assuming you reinvested all dividends. This is a return on investment of 212,524.72%, or 11.40% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 19,699.17% cumulatively, or 7.73% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $1,670,228.11.

The graph below shows the performance of $1000 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 $1000 is $2,125,247.19, or 212,524.72%. This means by 2020 you would have $2,126,247.19 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 1950 was 24.100 and the CPI in 2020 was 258.812.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 70 years.

Adjusted for inflation, the $2,126,247.19 nominal end value of the original $1000 investment would have a real return of roughly $196,991.68 in 1950 dollars. This means the inflation-adjusted return is 19,699.17% as opposed to the original 212,524.72%.

For more information on inflation, see our U.S. inflation calculator for 1950.

Full monthly data

The table below shows the full dataset pertaining to a $1000 investment, including gains and losses over the 852-month period between 1950 and 2020.

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

YearMonthReturn (%)Amount ($)CPI
195012.52%1,025.2323.50
195021.38%1,039.3323.50
195033.39%1,074.5223.60
195043.91%1,116.5823.60
195052.16%1,140.7523.70
19506-6.72%1,064.0523.80
195076.64%1,134.6824.10
195084.11%1,181.3024.30
195094.72%1,237.0724.40
1950100.38%1,241.7224.60
1950110.19%1,244.1424.70
1950128.01%1,343.8325.00
195114.31%1,401.7325.40
19512-1.11%1,386.1425.70
195131.93%1,412.8425.80
195140.63%1,421.7225.80
19515-1.15%1,405.4425.90
195162.37%1,438.7025.90
195174.97%1,510.1425.90
195183.14%1,557.4925.90
195190.03%1,557.9426.10
195110-2.25%1,522.8326.20
1951113.61%1,577.8526.40
1951123.83%1,638.3526.50
19521-1.33%1,616.5226.50
195220.75%1,628.6426.30
195230.20%1,631.9526.30
195240.46%1,639.4526.40
195253.24%1,692.6526.40
195263.37%1,749.6426.50
195270.88%1,765.0426.70
19528-1.11%1,745.4726.70
19529-1.61%1,717.3626.70
1952103.67%1,780.3426.70
1952114.51%1,860.6226.70
1952120.99%1,879.0226.70
19531-0.77%1,864.4826.60
195320.96%1,882.3326.50
19533-4.47%1,798.1326.60
195341.00%1,816.1626.60
19535-3.11%1,759.7226.70
195361.91%1,793.4026.80
195370.90%1,809.5226.80
19538-4.11%1,735.2026.90
195393.52%1,796.2326.90
1953102.71%1,844.8727.00
1953111.84%1,878.7626.90
1953123.02%1,935.5726.90
195412.68%1,987.3726.90
195422.58%2,038.6926.90
195434.45%2,129.4326.90
195444.42%2,223.6026.80
195451.22%2,250.8026.90
195464.46%2,351.1226.90
195472.39%2,407.4126.90
195482.74%2,473.3726.90
195492.71%2,540.4226.80
1954104.30%2,649.7126.80
1954114.95%2,780.9626.80
1954122.17%2,841.2626.70
195513.70%2,946.5326.70
19552-0.44%2,933.6726.70
195533.81%3,045.3926.70
19554-0.08%3,042.9926.70
195556.15%3,229.9826.70
195567.64%3,476.8926.70
19557-0.30%3,466.4826.80
195584.82%3,633.4426.80
19559-4.72%3,461.7726.90
1955107.07%3,706.3826.90
1955111.24%3,752.2426.90
195512-2.39%3,662.6426.80
195610.95%3,697.4126.80
195627.21%3,963.8526.80
195631.48%4,022.6326.80
19564-2.84%3,908.4526.90
19565-0.26%3,898.2127.00
195665.75%4,122.3127.20
19567-0.28%4,110.5727.40
19568-3.09%3,983.6027.30
19569-0.95%3,945.6127.40
195610-0.71%3,917.5027.50
1956111.81%3,988.3727.50
195612-1.86%3,914.0827.60
19571-4.00%3,757.6827.60
195721.62%3,818.5827.70
195732.64%3,919.5427.80
195744.16%4,082.6027.90
195751.95%4,162.3828.00
195762.32%4,259.0428.10
19577-5.21%4,037.3528.30
19578-3.74%3,886.3828.30
19579-5.90%3,657.2128.30
195710-1.80%3,591.3728.30
1957110.32%3,602.7928.40
1957122.33%3,686.6928.40
195810.70%3,712.5628.60
195822.42%3,802.3728.60
195830.90%3,836.4528.80
195843.56%3,972.9528.90
195852.74%4,081.6228.90
195863.07%4,206.9528.90
195874.05%4,377.5229.00
195882.94%4,506.3828.90
195894.36%4,702.8128.90
1958103.33%4,859.2428.90
1958112.16%4,964.3229.00
1958124.25%5,175.5328.90
19591-1.27%5,110.0629.00
195922.81%5,253.4628.90
195931.94%5,355.1928.90
195941.77%5,449.7329.00
19595-0.61%5,416.6929.00
195964.23%5,645.6829.10
19597-0.32%5,627.7029.20
19598-3.70%5,419.3029.20
195990.18%5,428.8729.30
1959100.67%5,465.2029.40
1959113.46%5,654.4729.40
195912-1.49%5,570.4529.40
19601-3.61%5,369.4029.30
19602-1.08%5,311.5129.40
196031.58%5,395.6629.40
19604-0.62%5,361.9629.50
196053.99%5,575.8029.50
19606-2.20%5,453.3529.60
196071.49%5,534.6529.60
19608-2.72%5,384.0729.60
19609-1.67%5,293.9429.60
1960103.54%5,481.3929.80
1960112.69%5,628.8829.80
1960125.43%5,934.3529.80
196114.37%6,193.9329.80
196123.40%6,404.3429.80
196132.92%6,591.2829.80
196141.26%6,674.5529.80
19615-1.08%6,602.4529.80
19616-0.03%6,600.6129.80
196173.84%6,854.0030.00
19618-0.54%6,816.8829.90
196191.34%6,908.4330.00
1961104.77%7,238.1030.00
1961111.16%7,322.2830.00
196112-3.49%7,066.9530.00
196211.91%7,201.8930.00
196220.34%7,226.4530.10
19623-2.94%7,013.6330.10
19624-7.19%6,509.7030.20
19625-11.41%5,766.7630.20
196262.72%5,923.4730.20
196273.02%6,102.5330.30
19628-0.59%6,066.3330.30
19629-2.86%5,893.0530.40
1962107.20%6,317.4030.40
1962114.62%6,609.5030.40
1962124.15%6,883.5830.40
196311.60%6,993.4130.40
19632-0.11%6,985.8430.40
196334.98%7,333.6030.50
196342.27%7,500.0530.50
196350.22%7,516.2930.50
19636-1.22%7,424.4530.60
196373.03%7,649.5030.70
196382.89%7,870.8530.70
196390.50%7,910.1930.70
196310-0.31%7,885.9430.80
1963112.39%8,074.6830.80
1963123.33%8,343.5830.90
196411.48%8,467.0630.90
196422.07%8,642.4130.90
196431.69%8,788.7430.90
196441.22%8,895.9930.90
19645-0.35%8,864.8030.90
196463.96%9,215.9431.00
19647-1.23%9,102.9831.10
196481.97%9,281.8931.00
196491.97%9,464.7631.10
1964100.94%9,553.4431.10
196411-1.49%9,411.0731.20
1964122.82%9,676.5331.20
196510.98%9,770.8931.20
196520.34%9,803.6731.20
196531.56%9,956.3831.30
196541.73%10,128.8831.40
19655-4.51%9,672.3431.40
196560.10%9,682.2931.60
196572.12%9,887.4231.60
196583.60%10,242.9831.60
196592.50%10,498.7331.60
1965101.08%10,611.6931.70
196511-0.21%10,589.2431.70
1965121.98%10,798.9531.80
19661-0.43%10,752.4731.80
19662-3.86%10,337.1832.00
196633.32%10,680.4732.10
19664-5.01%10,145.6432.30
19665-0.56%10,088.8732.30
196660.02%10,090.7332.40
19667-5.77%9,508.5532.50
19668-3.22%9,201.9132.70
19669-0.56%9,149.9732.70
1966105.32%9,636.3932.90
1966110.72%9,705.3732.90
1966124.13%10,106.2332.90
196713.73%10,483.1932.90
196722.63%10,759.2932.90
196731.99%10,973.6733.00
196742.06%11,199.4733.10
19675-0.99%11,088.3933.20
196761.99%11,309.3233.30
196771.85%11,518.7333.40
196781.65%11,709.2433.50
196790.10%11,720.6433.60
196710-2.88%11,382.8933.70
1967113.11%11,737.0933.80
196712-0.02%11,735.0433.90
19681-4.26%11,235.4834.10
19682-1.56%11,060.2934.20
196837.66%11,907.7034.30
196842.56%12,212.2734.40
196852.94%12,571.3934.50
196860.05%12,577.5434.70
19687-1.93%12,334.3034.90
196883.51%12,766.9535.00
196892.72%13,113.8535.10
1968101.79%13,348.0335.30
1968111.29%13,519.6035.40
196812-3.99%12,980.8235.50
19691-0.24%12,949.8535.60
19692-1.91%12,702.0235.80
196932.27%12,990.9036.10
196943.51%13,447.3336.30
19695-4.97%12,778.8236.40
19696-4.21%12,241.4336.60
19697-0.28%12,206.7136.80
196980.63%12,283.4337.00
196991.35%12,448.8237.10
1969101.00%12,572.9937.30
196911-5.03%11,940.8937.50
196912-0.59%11,870.5537.70
19701-3.20%11,491.1637.80
197022.01%11,722.3938.00
19703-2.75%11,400.2938.20
19704-11.20%10,123.5738.50
19705-0.27%10,096.2538.60
197060.52%10,149.0138.80
197073.26%10,479.4439.00
197086.32%11,141.8839.00
197092.49%11,419.2539.20
1970100.21%11,442.8639.40
1970117.16%12,261.9839.60
1970124.11%12,766.0339.80
197114.15%13,295.9639.80
197122.83%13,672.4839.90
197133.67%14,174.7940.00
19714-1.11%14,017.7540.10
19715-1.60%13,794.0540.30
19716-0.46%13,730.1940.60
19717-1.52%13,521.8840.70
197182.49%13,858.0940.80
19719-1.86%13,599.8240.80
197110-4.37%13,005.3040.90
1971117.16%13,936.9540.90
1971124.42%14,553.3241.10
197212.09%14,857.0441.10
197222.62%15,246.2441.30
197231.26%15,438.1741.40
19724-0.78%15,318.3941.50
197250.52%15,397.4541.60
19726-0.50%15,319.8641.70
197273.78%15,899.5241.90
19728-1.21%15,707.0642.00
197290.42%15,772.6342.10
1972105.25%16,601.3542.30
1972112.31%16,985.1042.40
1972120.99%17,153.1442.50
19731-3.33%16,582.7842.60
19732-1.35%16,359.6842.90
19733-1.63%16,092.4843.30
19734-2.57%15,678.9443.60
19735-1.99%15,366.9643.90
197361.21%15,552.9444.20
19737-1.64%15,298.5844.30
197382.00%15,603.8445.10
197394.24%16,264.7145.20
197310-6.85%15,150.1145.60
197311-6.81%14,119.1045.90
1973121.70%14,359.1946.20
19741-2.47%14,004.1046.60
197424.57%14,644.7447.20
19743-4.82%13,939.3647.80
19744-2.71%13,562.2048.00
197450.46%13,624.2148.60
19746-11.35%12,078.3049.00
19747-3.76%11,623.5849.40
19748-10.01%10,459.6450.00
197492.38%10,708.2650.60
1974103.74%11,109.1151.10
197411-6.09%10,432.3751.50
1974128.63%11,332.9751.90
1975110.81%12,557.7852.10
197524.97%13,182.3652.50
197531.49%13,378.3952.70
197546.71%14,276.4352.90
197552.89%14,689.6853.20
197560.43%14,753.1453.60
19757-7.00%13,720.9754.20
19758-0.85%13,603.9854.30
197594.97%14,280.2654.60
1975102.04%14,571.8254.90
197511-1.18%14,399.9355.30
1975129.55%15,774.4455.50
197614.18%16,433.5255.60
197620.80%16,565.3955.80
197631.10%16,746.8555.90
19764-0.38%16,682.6756.10
197650.90%16,832.9156.50
197662.67%17,281.5656.80
19767-0.56%17,184.6857.10
197682.44%17,603.6257.40
19769-3.11%17,056.4657.60
197610-0.37%16,993.9357.90
1976113.79%17,637.4058.00
197612-0.54%17,542.6558.20
19771-2.37%17,127.1358.50
19772-0.05%17,117.8559.10
19773-1.19%16,913.5259.50
197740.06%16,924.4360.00
197750.90%17,076.7160.30
197761.28%17,295.7160.70
19777-2.08%16,936.2061.00
19778-1.18%16,737.1461.20
19779-2.20%16,369.2861.40
1977100.98%16,529.8961.60
197711-0.08%16,516.6461.90
197712-3.39%15,956.6762.10
19781-0.97%15,801.5762.50
197820.27%15,843.5562.90
197834.83%16,608.7963.40
197845.50%17,522.9963.90
197850.67%17,641.0264.50
19786-0.06%17,630.0365.20
197877.33%18,921.9865.70
197880.40%18,997.6166.00
19789-2.77%18,470.7166.50
197810-5.44%17,466.3467.10
1978111.92%17,802.1967.40
1978124.19%18,547.2767.70
19791-1.06%18,351.2368.30
197922.34%18,780.8669.10
197932.43%19,237.4169.80
19794-1.89%18,873.2470.60
197952.42%19,329.5271.50
197961.42%19,604.1772.30
197975.01%20,587.1973.10
197981.54%20,904.3273.80
19799-3.35%20,203.5074.60
197910-0.32%20,138.3675.20
1979114.40%21,025.2575.90
1979123.31%21,721.7076.70
198014.40%22,676.5677.80
19802-8.78%20,686.0578.90
19803-1.16%20,445.6780.10
198045.04%21,475.3481.00
198056.86%22,949.1281.80
198064.97%24,089.5782.70
198073.50%24,933.8382.70
198082.84%25,640.9183.30
198093.32%26,493.4184.00
1980104.61%27,716.0084.80
198011-1.24%27,371.0085.50
1980120.01%27,373.7386.30
19811-3.07%26,533.3187.00
198124.14%27,632.6687.90
198131.29%27,990.1788.50
19814-1.62%27,537.5089.10
198150.86%27,773.6589.80
19816-2.02%27,213.6790.60
198170.80%27,432.0891.60
19818-8.30%25,154.4892.30
198191.73%25,588.9693.20
1981103.04%26,367.8293.40
1981111.18%26,678.7993.70
198112-4.80%25,397.1194.00
19821-1.91%24,911.0394.30
19822-2.74%24,227.3494.60
198235.47%25,552.4194.50
198240.57%25,697.9794.90
19825-5.27%24,343.5395.80
198260.24%24,402.8997.00
198270.79%24,596.6497.50
1982812.10%27,571.9497.70
198298.88%30,020.7297.90
1982104.50%31,371.6298.20
1982111.36%31,796.8798.00
1982123.93%33,045.1397.60
198312.13%33,749.0097.80
198323.87%35,053.6197.90
198334.20%36,524.9497.90
198344.42%38,140.8198.60
198351.75%38,809.6199.20
198360.71%39,084.4399.50
19837-2.41%38,143.6099.90
198383.31%39,407.61100.20
198390.65%39,662.95100.70
198310-1.14%39,210.22101.00
198311-0.13%39,159.99101.20
1983121.58%39,777.12101.30
19841-5.11%37,743.64101.90
198420.44%37,910.61102.40
198430.51%38,102.89102.60
19844-0.25%38,006.65103.10
19845-1.85%37,304.17103.40
19846-0.91%36,965.28103.70
198479.21%40,368.51104.10
198481.41%40,936.49104.50
19849-0.41%40,767.66105.00
1984101.29%41,291.90105.30
198411-0.71%40,999.73105.30
1984124.70%42,925.72105.30
198515.79%45,409.99105.50
19852-0.48%45,192.78106.00
198531.02%45,655.88106.40
198542.74%46,904.86106.90
198552.51%48,082.62107.30
198562.25%49,163.15107.60
19857-1.85%48,255.93107.80
19858-1.88%47,346.31108.00
198591.50%48,054.41108.30
1985106.42%51,139.75108.70
1985115.29%53,847.35109.00
1985120.75%54,252.13109.30
198615.70%57,343.01109.60
198626.18%60,888.40109.30
198632.74%62,557.61108.80
198640.49%62,865.29108.60
198653.13%64,835.01108.90
19866-1.80%63,665.44109.50
198672.28%65,117.56109.50
19868-2.46%63,518.11109.70
19869-0.09%63,461.03110.20
1986103.53%65,703.08110.30
1986111.71%66,825.90110.40
1986126.67%71,285.44110.50
198716.46%75,891.82111.20
198724.38%79,213.16111.60
19873-0.86%78,534.77112.10
198740.17%78,670.50112.70
198754.50%82,209.45113.10
198763.12%84,776.11113.50
198776.45%90,247.57113.80
19878-3.03%87,512.68114.40
19879-11.85%77,139.03115.00
198710-12.30%67,648.29115.30
198711-1.33%66,745.40115.40
1987124.25%69,579.77115.40
198813.33%71,895.77115.70
198823.23%74,219.49116.00
19883-0.89%73,561.89116.50
19884-2.19%71,952.15117.10
198856.00%76,267.99117.50
19886-0.31%76,033.91118.00
19887-1.72%74,727.28118.50
198881.93%76,167.40119.00
198893.80%79,062.99119.80
198810-2.02%77,465.72120.20
1988112.33%79,267.54120.30
1988123.51%82,051.93120.50
198913.30%84,759.53121.10
19892-0.16%84,622.51121.60
198933.56%87,639.13122.30
198944.12%91,245.74123.10
198953.39%94,341.37123.80
198962.80%96,983.09124.10
198974.69%101,532.33124.40
198980.46%101,994.84124.60
198990.29%102,286.81125.00
198910-1.81%100,431.79125.60
1989112.74%103,180.31125.90
198912-2.21%100,898.76126.10
19901-2.53%98,348.86127.40
199022.71%101,011.33128.00
199030.20%101,209.30128.70
199043.85%105,106.79128.90
199053.17%108,438.63129.20
199060.17%108,622.68129.90
19907-7.86%100,083.60130.40
19908-4.34%95,738.91131.60
19909-2.32%93,521.82132.70
1990102.98%96,312.34133.50
1990114.59%100,729.81133.80
199012-0.69%100,039.64133.80
1991111.61%111,651.01134.60
199123.04%115,050.36134.80
199132.26%117,649.15135.00
19914-0.18%117,438.70135.20
199150.35%117,846.23135.60
199160.78%118,766.00136.00
199172.68%121,947.66136.20
19918-0.30%121,578.04136.60
199190.18%121,798.88137.20
1991100.02%121,818.12137.40
1991110.94%122,957.29137.80
1991127.36%132,004.52137.90
19921-0.60%131,211.37138.10
19922-1.01%129,883.02138.60
199230.26%130,226.30139.30
199242.07%132,919.84139.50
19925-1.33%131,153.17139.70
199261.91%133,660.99140.20
199270.94%134,919.71140.50
199280.38%135,429.96140.90
19929-1.18%133,829.10141.30
1992102.76%137,518.64141.80
1992113.27%142,017.15142.00
1992120.14%142,220.08141.90
199311.72%144,672.31142.60
199322.15%147,782.98143.10
19933-1.34%145,800.11143.60
199340.72%146,856.76144.00
199350.87%148,127.34144.20
199360.06%148,217.70144.40
199371.76%150,829.99144.40
199381.35%152,873.69144.80
199391.24%154,772.24145.10
1993100.01%154,783.92145.70
1993110.89%156,157.13145.80
1993121.74%158,867.83145.80
19941-0.08%158,747.57146.20
19942-1.42%156,487.29146.70
19943-3.35%151,250.63147.20
199441.06%152,851.23147.40
199451.11%154,544.96147.50
19946-0.52%153,743.07148.00
199473.08%158,481.55148.40
199480.82%159,777.08149.00
19949-0.44%159,067.66149.40
199410-0.37%158,479.30149.50
199411-1.03%156,853.76149.70
1994122.45%160,698.52149.70
199513.82%166,835.75150.30
199522.56%171,103.69150.90
199533.22%176,605.62151.40
199543.35%182,517.95151.90
199553.18%188,319.14152.20
199563.55%194,999.73152.50
199570.51%196,000.32152.50
199583.72%203,286.95152.90
199590.91%205,142.08153.20
1995102.36%209,980.12153.70
1995113.39%217,096.64153.60
1995120.16%217,449.60153.50
199615.90%230,288.68154.40
19962-0.20%229,826.49154.90
199630.20%230,279.35155.70
199642.35%235,702.03156.30
199651.28%238,715.70156.60
19966-3.48%230,416.59156.70
199673.08%237,503.63157.00
199682.02%242,310.06157.30
199694.12%252,292.02157.80
1996105.05%265,038.02158.30
1996111.20%268,213.77158.60
1996123.26%276,950.95158.60
199714.36%289,029.23159.10
19972-0.62%287,226.60159.60
19973-3.41%277,445.82160.00
199749.22%303,020.31160.20
199755.34%319,191.98160.10
199765.74%337,500.59160.30
199770.35%338,674.38160.50
199781.19%342,711.40160.80
199791.65%348,350.29161.20
199710-1.15%344,337.15161.60
1997112.63%353,409.11161.50
1997120.24%354,247.00161.30
199816.40%376,926.46161.60
199825.31%396,952.08161.90
199833.41%410,470.98162.20
19984-0.22%409,560.32162.50
199850.12%410,037.28162.80
199864.47%428,356.37163.00
19987-6.97%398,495.62163.20
19988-4.90%378,975.51163.40
199891.29%383,867.54163.60
19981010.97%425,994.64164.00
1998114.10%443,477.91164.00
1998125.05%465,863.29163.90
19991-0.07%465,552.51164.30
199922.92%479,162.98164.50
199934.25%499,527.51165.00
19994-0.10%499,033.82166.20
19995-0.61%495,980.90166.20
199964.52%518,411.07166.20
19997-3.77%498,844.24166.70
19998-0.60%495,861.07167.10
19999-1.27%489,551.38167.90
1999107.11%524,338.65168.20
1999112.81%539,065.91168.30
199912-0.12%538,424.79168.30
20001-2.48%525,082.21168.80
200023.94%545,775.45169.80
200031.42%553,550.93171.20
20004-2.84%537,836.76171.30
200053.16%554,851.12171.50
200060.85%559,569.25172.40
200070.94%564,827.58172.80
20008-1.08%558,729.42172.80
20009-5.21%529,595.98173.70
200010-0.77%525,504.52174.00
200011-3.32%508,057.38174.10
2000120.46%510,369.08174.00
20011-2.14%499,466.28175.10
20012-9.08%454,115.23175.80
200130.45%456,152.81176.20
200146.88%487,533.08176.90
20015-2.39%475,887.61177.70
20016-2.66%463,227.92178.00
20017-2.05%453,751.02177.50
20018-11.25%402,716.17177.50
200193.18%415,538.78178.30
2001105.05%436,536.56177.70
2001111.47%442,936.40177.40
200112-0.30%441,617.83176.70
20021-3.35%426,811.40177.10
200224.95%447,918.38177.80
20023-3.51%432,176.60178.80
20024-2.82%419,987.61179.80
20025-5.92%395,120.32179.80
20026-10.76%352,611.30179.90
200271.14%356,626.81180.10
20028-4.76%339,659.47180.70
20029-1.37%335,016.18181.00
2002106.63%357,212.93181.30
200211-1.04%353,515.56181.30
200212-0.22%352,728.92180.90
20031-6.41%330,101.94181.70
200321.31%334,419.34183.10
200335.29%352,096.27184.20
200345.31%370,800.37183.80
200355.70%391,951.51183.50
200360.60%394,287.15183.70
20037-0.17%393,631.36183.90
200383.16%406,074.76184.60
200392.03%414,309.26185.20
2003101.21%419,324.83185.00
2003113.06%432,172.15184.50
2003124.93%453,499.68184.30
200411.09%458,427.69185.20
20042-1.57%451,252.39186.20
200430.97%455,621.13187.40
20044-2.56%443,937.85188.00
200452.86%456,624.16189.10
20046-2.24%446,401.35189.70
20047-1.39%440,207.22189.40
200482.78%452,456.53189.50
200490.10%452,920.73189.90
2004104.77%474,542.70190.90
2004112.73%487,485.60191.00
200412-1.35%480,908.34190.30
200511.68%488,993.40190.70
20052-0.26%487,743.59191.80
20053-2.41%475,994.25193.30
200541.34%482,352.92194.60
200552.18%492,871.57194.40
200561.81%501,781.66194.50
200570.31%503,337.28195.40
200580.28%504,745.06196.40
20059-2.62%491,499.44198.80
2005103.96%510,970.40199.20
2005112.14%521,926.28197.60
2005121.47%529,581.74196.80
20061-0.02%529,493.61198.30
200621.49%537,362.62198.70
200630.80%541,652.55199.80
20064-0.79%537,391.72201.50
20065-2.71%522,851.01202.50
200660.72%526,615.75202.90
200672.29%538,684.52203.50
200682.53%552,319.56203.90
200693.62%572,290.95202.90
2006102.00%583,746.18201.80
2006112.15%596,286.59201.50
2006120.69%600,417.82201.80
200711.60%610,000.78202.42
20072-2.47%594,910.02203.50
200734.18%619,778.81205.35
200743.39%640,800.18206.69
200750.34%643,010.31207.95
200760.57%646,705.17208.35
20077-4.20%619,536.39208.30
200783.07%638,585.54207.92
200792.99%657,689.68208.49
200710-4.81%626,079.07208.94
2007111.24%633,831.31210.18
200712-6.64%591,775.36210.04
20081-1.56%582,520.19211.08
20082-2.63%567,219.51211.69
200834.24%591,291.18213.53
200842.56%606,443.64214.82
20085-4.25%580,690.51216.63
20086-6.08%545,393.40218.82
200872.11%556,904.12219.96
20088-4.85%529,907.99219.09
20089-20.19%422,900.57218.78
200810-8.61%386,508.51216.57
200811-0.35%385,151.02212.43
200812-1.10%380,931.47210.23
20091-6.70%355,399.52211.14
20092-5.69%335,186.40212.19
2009312.32%376,487.23212.71
200946.66%401,560.60213.24
200952.87%413,080.82213.86
200961.28%418,358.51215.69
200978.12%452,332.34215.35
200983.65%468,844.02215.83
200992.40%480,110.85215.97
2009102.09%490,165.94216.18
2009112.23%501,076.33216.33
2009121.36%507,875.78215.95
20101-2.90%493,155.14216.69
201025.94%522,463.52216.74
201034.09%543,821.47217.63
20104-5.88%511,831.73218.01
20105-3.54%493,694.64218.18
20106-0.16%492,909.31217.97
201070.86%497,166.13218.01
201083.37%513,926.37218.31
201094.58%537,451.02218.44
2010102.49%550,838.47218.71
2010113.71%571,295.16218.80
2010123.46%591,074.50219.18
201113.15%609,698.45220.22
20112-1.11%602,915.79221.31
201132.22%616,306.45223.47
201140.66%620,369.36224.91
20115-3.66%597,647.71225.96
201163.10%616,185.16225.72
20117-10.40%552,097.92225.92
20118-0.79%547,740.51226.55
201193.02%564,276.28226.89
2011101.77%574,247.74226.42
2011111.55%583,175.86226.23
2011124.78%611,066.58225.67
201214.16%636,502.89226.67
201222.88%654,858.60227.66
20123-0.04%654,608.38229.39
20124-3.09%634,374.74230.09
20125-1.15%627,064.14229.82
201262.92%645,381.23229.48
201273.39%667,244.81229.10
201283.02%687,403.39230.38
20129-0.22%685,910.79231.41
201210-2.84%666,448.12231.32
2012112.18%680,946.93230.22
2012124.27%710,014.93229.60
201312.33%726,579.73230.28
201322.72%746,360.53232.17
201331.45%757,211.06232.77
201344.57%791,847.93232.53
20135-1.12%782,996.86232.95
201363.25%808,479.31233.50
201370.25%810,520.95233.60
201381.19%820,186.15233.88
201392.12%837,554.00234.15
2013103.86%869,883.53233.55
2013111.52%883,120.22233.07
2013120.97%891,667.12233.05
20141-0.13%890,507.63233.92
201422.72%914,749.65234.78
201430.20%916,594.92236.29
201441.53%930,637.47237.07
201453.20%960,383.60237.90
201461.50%974,749.23238.34
20147-0.43%970,587.53238.25
201481.78%987,844.91237.85
20149-2.65%961,700.76238.03
2014105.71%1,016,572.07237.43
2014110.63%1,023,015.99236.15
201412-1.11%1,011,660.05234.81
201512.83%1,040,263.70233.71
201520.06%1,040,839.63234.72
201530.88%1,049,982.47236.12
201540.98%1,060,260.79236.60
20155-0.44%1,055,643.35237.81
20156-0.08%1,054,802.74238.64
20157-2.42%1,029,230.13238.65
20158-4.51%982,841.74238.32
201594.32%1,025,272.19237.95
2015102.93%1,055,337.99237.84
201511-1.10%1,043,697.93237.34
201512-6.42%976,696.47236.53
20161-0.55%971,325.53236.92
201626.36%1,033,128.33237.11
201632.83%1,062,378.88238.13
20164-0.30%1,059,145.37239.26
201651.07%1,070,441.05240.23
201663.30%1,105,738.19241.02
201671.20%1,118,998.83240.63
20168-0.44%1,114,090.11240.85
20169-0.51%1,108,453.02241.43
2016101.20%1,121,767.32241.73
2016113.95%1,166,031.86241.35
2016121.44%1,182,795.13241.43
201712.58%1,213,269.20242.84
201721.75%1,234,492.40243.60
20173-0.15%1,232,591.23243.80
201741.69%1,253,451.28244.52
201751.78%1,275,717.93244.73
201760.99%1,288,320.55244.96
201770.25%1,291,513.07244.79
201781.65%1,312,865.18245.52
201792.73%1,348,769.41246.82
2017101.59%1,370,209.03246.66
2017112.88%1,409,718.82246.67
2017124.86%1,478,257.91246.52
20181-2.89%1,435,585.24247.87
201820.06%1,436,512.32248.99
20183-1.66%1,412,609.16249.55
201841.96%1,440,319.20250.55
201852.11%1,470,752.71251.59
201861.58%1,494,001.51251.99
201872.45%1,530,616.57252.01
201881.68%1,556,327.07252.15
20189-3.85%1,496,424.26252.44
201810-2.08%1,465,356.87252.89
201811-5.56%1,383,846.21252.04
2018121.74%1,407,864.75251.23
201915.83%1,489,927.82251.71
201921.95%1,518,951.94252.78
201933.72%1,575,505.85254.20
20194-1.53%1,551,372.44255.55
201951.40%1,573,165.33256.09
201963.83%1,633,375.77256.14
20197-3.13%1,582,179.01256.57
201983.09%1,630,992.84256.56
201990.01%1,631,152.72256.76
2019104.43%1,703,473.01257.35
2019112.47%1,745,537.21257.21
2019123.35%1,803,949.82256.97
202010.12%1,806,152.02257.97
20202-18.92%1,464,469.44258.68
202034.32%1,527,714.23258.12
202045.89%1,617,656.35256.39
202056.51%1,722,937.82256.39
202063.48%1,782,834.63257.80
202075.89%1,887,906.08259.10
20208-0.63%1,876,068.86259.92
202091.73%1,908,449.83260.28
2020103.95%1,983,912.16260.39
2020114.26%2,068,428.42260.23
2020122.80%2,126,247.19260.47
Click to show 834 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 $1,000.00 up-front. Instead, the capital is invested over a period of time.

Consider a strategy in which $1,000.00 was invested in the S&P 500 over a period of no more than 24 months beginning in 1950. This would result in a final amount of $1,670,228.11, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $2,126,247.19).

YearMonthContribution ($)Amount ($)
1950141.6642.47
1950241.6685.06
1950341.66130.77
1950441.66178.95
1950541.66225.17
1950641.66248.66
1950741.66309.35
1950841.66365.18
1950941.66425.81
19501041.66468.99
19501141.66511.39
19501241.66597.11
1951141.66666.05
1951241.66699.60
1951341.66755.29
1951441.66801.72
1951541.66833.48
1951641.66895.60
1951741.66983.55
1951841.661,057.13
1951941.661,098.87
19511041.661,114.61
19511141.661,197.83
19511241.821,286.97
19521-1,269.82
19522-1,279.34
19523-1,281.94
19524-1,287.84
19525-1,329.62
19526-1,374.39
19527-1,386.49
19528-1,371.12
19529-1,349.03
195210-1,398.51
195211-1,461.57
195212-1,476.02
19531-1,464.60
19532-1,478.62
19533-1,412.48
19534-1,426.65
19535-1,382.31
19536-1,408.77
19537-1,421.43
19538-1,363.05
19539-1,410.99
195310-1,449.20
195311-1,475.82
195312-1,520.45
19541-1,561.14
19542-1,601.45
19543-1,672.72
19544-1,746.70
19545-1,768.06
19546-1,846.87
19547-1,891.09
19548-1,942.90
19549-1,995.57
195410-2,081.42
195411-2,184.52
195412-2,231.89
19551-2,314.58
19552-2,304.48
19553-2,392.24
19554-2,390.36
19555-2,537.24
19556-2,731.20
19557-2,723.02
19558-2,854.17
19559-2,719.32
195510-2,911.47
195511-2,947.49
195512-2,877.11
19561-2,904.42
19562-3,113.72
19563-3,159.89
19564-3,070.20
19565-3,062.15
19566-3,238.19
19567-3,228.97
19568-3,129.23
19569-3,099.39
195610-3,077.31
195611-3,132.98
195612-3,074.62
19571-2,951.77
19572-2,999.60
19573-3,078.91
19574-3,207.00
19575-3,269.67
19576-3,345.60
19577-3,171.46
19578-3,052.86
19579-2,872.84
195710-2,821.12
195711-2,830.09
195712-2,896.00
19581-2,916.32
19582-2,986.87
19583-3,013.64
19584-3,120.87
19585-3,206.23
19586-3,304.68
19587-3,438.66
19588-3,539.89
19589-3,694.19
195810-3,817.07
195811-3,899.61
195812-4,065.53
19591-4,014.10
19592-4,126.74
19593-4,206.65
19594-4,280.92
19595-4,254.97
19596-4,434.85
19597-4,420.72
19598-4,257.01
19599-4,264.54
195910-4,293.07
195911-4,441.74
195912-4,375.75
19601-4,217.82
19602-4,172.34
19603-4,238.45
19604-4,211.97
19605-4,379.95
19606-4,283.76
19607-4,347.63
19608-4,229.34
19609-4,158.54
196010-4,305.79
196011-4,421.64
196012-4,661.60
19611-4,865.51
19612-5,030.79
19613-5,177.64
19614-5,243.05
19615-5,186.42
19616-5,184.97
19617-5,384.02
19618-5,354.85
19619-5,426.77
196110-5,685.74
196111-5,751.86
196112-5,551.29
19621-5,657.29
19622-5,676.58
19623-5,509.41
19624-5,113.55
19625-4,529.96
19626-4,653.05
19627-4,793.72
19628-4,765.27
19629-4,629.16
196210-4,962.50
196211-5,191.95
196212-5,407.25
19631-5,493.52
19632-5,487.58
19633-5,760.76
19634-5,891.50
19635-5,904.26
19636-5,832.12
19637-6,008.90
19638-6,182.77
19639-6,213.68
196310-6,194.63
196311-6,342.89
196312-6,554.12
19641-6,651.12
19642-6,788.86
19643-6,903.81
19644-6,988.06
19645-6,963.55
19646-7,239.38
19647-7,150.65
19648-7,291.19
19649-7,434.84
196410-7,504.50
196411-7,392.66
196412-7,601.19
19651-7,675.31
19652-7,701.07
19653-7,821.02
19654-7,956.53
19655-7,597.90
19656-7,605.72
19657-7,766.85
19658-8,046.16
19659-8,247.05
196510-8,335.79
196511-8,318.15
196512-8,482.89
19661-8,446.38
19662-8,120.15
19663-8,389.82
19664-7,969.69
19665-7,925.10
19666-7,926.55
19667-7,469.24
19668-7,228.36
19669-7,187.57
196610-7,569.66
196611-7,623.85
196612-7,938.73
19671-8,234.85
19672-8,451.73
19673-8,620.13
19674-8,797.51
19675-8,710.25
19676-8,883.79
19677-9,048.29
19678-9,197.94
19679-9,206.90
196710-8,941.58
196711-9,219.82
196712-9,218.21
19681-8,825.79
19682-8,688.18
19683-9,353.84
19684-9,593.08
19685-9,875.19
19686-9,880.02
19687-9,688.95
19688-10,028.81
19689-10,301.31
196810-10,485.26
196811-10,620.03
196812-10,196.81
19691-10,172.48
19692-9,977.80
19693-10,204.72
19694-10,563.26
19695-10,038.13
19696-9,615.99
19697-9,588.72
19698-9,648.99
19699-9,778.90
196910-9,876.45
196911-9,379.91
196912-9,324.66
19701-9,026.63
19702-9,208.27
19703-8,955.26
19704-7,952.36
19705-7,930.89
19706-7,972.34
19707-8,231.90
19708-8,752.26
19709-8,970.15
197010-8,988.70
197011-9,632.14
197012-10,028.09
19711-10,444.36
19712-10,740.13
19713-11,134.70
19714-11,011.35
19715-10,835.62
19716-10,785.46
19717-10,621.83
19718-10,885.93
19719-10,683.05
197110-10,216.04
197111-10,947.87
197112-11,432.05
19721-11,670.63
19722-11,976.36
19723-12,127.13
19724-12,033.03
19725-12,095.13
19726-12,034.19
19727-12,489.53
19728-12,338.35
19729-12,389.85
197210-13,040.84
197211-13,342.28
197212-13,474.28
19731-13,026.25
19732-12,851.00
19733-12,641.10
19734-12,316.26
19735-12,071.19
19736-12,217.28
19737-12,017.48
19738-12,257.26
19739-12,776.39
197310-11,900.85
197311-11,090.96
197312-11,279.55
19741-11,000.63
19742-11,503.86
19743-10,949.76
19744-10,653.50
19745-10,702.21
19746-9,487.85
19747-9,130.65
19748-8,216.35
19749-8,411.64
197410-8,726.53
197411-8,194.92
197412-8,902.37
19751-9,864.50
19752-10,355.12
19753-10,509.11
19754-11,214.55
19755-11,539.16
19756-11,589.01
19757-10,778.22
19758-10,686.31
19759-11,217.56
197510-11,446.59
197511-11,311.56
197512-12,391.28
19761-12,909.00
19762-13,012.59
19763-13,155.13
19764-13,104.71
19765-13,222.73
19766-13,575.16
19767-13,499.06
19768-13,828.15
19769-13,398.34
197610-13,349.22
197611-13,854.69
197612-13,780.25
19771-13,453.85
19772-13,446.56
19773-13,286.05
19774-13,294.62
19775-13,414.25
19776-13,586.27
19777-13,303.87
19778-13,147.50
19779-12,858.54
197710-12,984.70
197711-12,974.29
197712-12,534.42
19781-12,412.59
19782-12,445.56
19783-13,046.68
19784-13,764.81
19785-13,857.53
19786-13,848.89
19787-14,863.76
19788-14,923.17
19789-14,509.28
197810-13,720.31
197811-13,984.13
197812-14,569.41
19791-14,415.42
19792-14,752.90
19793-15,111.53
19794-14,825.47
19795-15,183.89
19796-15,399.63
19797-16,171.82
19798-16,420.94
19799-15,870.43
197910-15,819.26
197911-16,515.94
197912-17,063.02
19801-17,813.08
19802-16,249.48
19803-16,060.66
19804-16,869.49
19805-18,027.19
19806-18,923.05
19807-19,586.24
19808-20,141.67
19809-20,811.33
198010-21,771.71
198011-21,500.70
198012-21,502.85
19811-20,842.67
19812-21,706.25
19813-21,987.08
19814-21,631.49
19815-21,817.00
19816-21,377.12
19817-21,548.68
19818-19,759.56
19819-20,100.86
198110-20,712.67
198111-20,956.95
198112-19,950.16
19821-19,568.33
19822-19,031.27
19823-20,072.15
19824-20,186.49
19825-19,122.54
19826-19,169.17
19827-19,321.37
19828-21,658.55
19829-23,582.13
198210-24,643.31
198211-24,977.35
198212-25,957.90
19831-26,510.81
19832-27,535.61
19833-28,691.39
19834-29,960.70
19835-30,486.06
19836-30,701.94
19837-29,962.89
19838-30,955.81
19839-31,156.38
198310-30,800.75
198311-30,761.29
198312-31,246.07
19841-29,648.71
19842-29,779.87
19843-29,930.91
19844-29,855.31
19845-29,303.50
19846-29,037.29
19847-31,710.62
19848-32,156.78
19849-32,024.17
198410-32,435.97
198411-32,206.46
198412-33,719.38
19851-35,670.85
19852-35,500.23
19853-35,864.00
19854-36,845.11
19855-37,770.28
19856-38,619.06
19857-37,906.42
19858-37,191.88
19859-37,748.11
198510-40,171.74
198511-42,298.64
198512-42,616.61
19861-45,044.58
19862-47,829.58
19863-49,140.80
19864-49,382.48
19865-50,929.76
19866-50,011.03
19867-51,151.71
19868-49,895.30
19869-49,850.46
198610-51,611.65
198611-52,493.66
198612-55,996.76
19871-59,615.20
19872-62,224.20
19873-61,691.31
19874-61,797.93
19875-64,577.88
19876-66,594.06
19877-70,892.05
19878-68,743.72
19879-60,594.92
198710-53,139.67
198711-52,430.42
198712-54,656.90
19881-56,476.19
19882-58,301.54
19883-57,784.97
19884-56,520.48
19885-59,910.69
19886-59,726.81
19887-58,700.42
19888-59,831.67
19889-62,106.24
198810-60,851.54
198811-62,266.92
198812-64,454.15
19891-66,581.04
19892-66,473.40
19893-68,843.05
19894-71,676.15
19895-74,107.85
19896-76,183.00
19897-79,756.55
19898-80,119.87
19899-80,349.22
198910-78,892.05
198911-81,051.09
198912-79,258.87
19901-77,255.85
19902-79,347.30
19903-79,502.81
19904-82,564.40
19905-85,181.65
19906-85,326.23
19907-78,618.54
19908-75,205.66
19909-73,464.07
199010-75,656.10
199011-79,126.15
199012-78,584.00
19911-87,705.07
19912-90,375.36
19913-92,416.78
19914-92,251.47
19915-92,571.59
19916-93,294.10
19917-95,793.38
19918-95,503.03
19919-95,676.51
199110-95,691.62
199111-96,586.47
199112-103,693.33
19921-103,070.29
19922-102,026.83
19923-102,296.49
19924-104,412.34
19925-103,024.58
19926-104,994.54
19927-105,983.30
19928-106,384.11
19929-105,126.59
199210-108,024.83
199211-111,558.54
199212-111,717.95
19931-113,644.24
19932-116,087.77
19933-114,530.17
19934-115,360.19
19935-116,358.27
19936-116,429.25
19937-118,481.28
19938-120,086.67
19939-121,578.03
199310-121,587.20
199311-122,665.90
199312-124,795.23
19941-124,700.76
19942-122,925.25
19943-118,811.71
19944-120,069.02
19945-121,399.50
19946-120,769.59
19947-124,491.80
19948-125,509.48
19949-124,952.21
199410-124,490.03
199411-123,213.13
199412-126,233.29
19951-131,054.26
19952-134,406.85
19953-138,728.78
19954-143,373.08
19955-147,930.09
19956-153,177.88
19957-153,963.87
19958-159,687.73
19959-161,144.99
199510-164,945.41
199511-170,535.63
199512-170,812.89
19961-180,898.36
19962-180,535.30
19963-180,891.03
19964-185,150.70
19965-187,518.02
19966-180,998.84
19967-186,565.91
19968-190,341.50
19969-198,182.61
199610-208,194.96
199611-210,689.61
199612-217,552.91
19971-227,040.74
19972-225,624.72
19973-217,941.65
19974-238,031.14
19975-250,734.44
19976-265,116.38
19977-266,038.43
19978-269,209.63
19979-273,639.14
199710-270,486.70
199711-277,612.98
199712-278,271.17
19981-296,086.53
19982-311,817.23
19983-322,436.72
19984-321,721.37
19985-322,096.03
19986-336,486.21
19987-313,029.73
19988-297,696.13
19989-301,538.96
199810-334,631.00
199811-348,364.61
199812-365,948.96
19991-365,704.84
19992-376,396.25
19993-392,393.18
19994-392,005.37
19995-389,607.21
19996-407,226.76
19997-391,856.45
19998-389,513.08
19999-384,556.64
199910-411,883.04
199911-423,451.73
199912-422,948.10
20001-412,467.12
20002-428,722.26
20003-434,830.12
20004-422,486.19
20005-435,851.45
20006-439,557.68
20007-443,688.26
20008-438,897.97
20009-416,012.82
200010-412,798.86
200011-399,093.63
200012-400,909.54
20011-392,345.08
20012-356,720.52
20013-358,321.11
20014-382,971.21
20015-373,823.36
20016-363,878.81
20017-356,434.43
20018-316,345.09
20019-326,417.62
200110-342,911.98
200111-347,939.24
200112-346,903.46
20021-335,272.59
20022-351,852.73
20023-339,487.10
20024-329,912.30
20025-310,378.33
20026-276,986.28
20027-280,140.58
20028-266,812.25
20029-263,164.81
200210-280,600.99
200211-277,696.60
200212-277,078.68
20031-259,304.54
20032-262,695.97
20033-276,581.71
20034-291,274.32
20035-307,889.14
20036-309,723.86
20037-309,208.71
20038-318,983.36
20039-325,451.80
200310-329,391.67
200311-339,483.61
200312-356,236.99
20041-360,108.09
20042-354,471.69
20043-357,903.46
20044-348,725.91
20045-358,691.36
20046-350,661.06
20047-345,795.39
20048-355,417.57
20049-355,782.22
200410-372,766.89
200411-382,933.91
200412-377,767.28
20051-384,118.33
20052-383,136.57
20053-373,907.12
20054-378,902.04
20055-387,164.75
20056-394,163.88
20057-395,385.86
20058-396,491.71
20059-386,086.90
200510-401,381.89
200511-409,988.05
200512-416,001.63
20061-415,932.41
20062-422,113.74
20063-425,483.60
20064-422,136.60
20065-410,714.46
20066-413,671.77
20067-423,152.13
20068-433,862.84
20069-449,550.95
200610-458,549.35
200611-468,400.21
200612-471,645.41
20071-479,173.09
20072-467,318.87
20073-486,854.02
20074-503,366.90
20075-505,103.02
20076-508,005.45
20077-486,663.59
20078-501,627.25
20079-516,634.09
200710-491,803.05
200711-497,892.66
200712-464,856.50
20081-457,586.31
20082-445,567.18
20083-464,476.17
20084-476,378.86
20085-456,149.04
20086-428,422.15
20087-437,464.15
20088-416,257.91
20089-332,200.52
200810-303,613.51
200811-302,547.17
200812-299,232.59
20091-279,176.51
20092-263,298.52
20093-295,741.51
20094-315,437.36
20095-324,486.82
20096-328,632.60
20097-355,320.02
20098-368,290.42
20099-377,140.84
200910-385,039.39
200911-393,609.82
200912-398,950.98
20101-387,387.49
20102-410,410.07
20103-427,187.35
20104-402,058.49
20105-387,811.29
20106-387,194.39
20107-390,538.24
20108-403,703.89
20109-422,183.18
201010-432,699.40
201011-448,768.72
201012-464,305.96
20111-478,935.61
20112-473,607.63
20113-484,126.38
20114-487,317.91
20115-469,469.40
20116-484,031.10
20117-433,688.74
20118-430,265.87
20119-443,255.19
201110-451,088.05
201111-458,101.35
201112-480,010.31
20121-499,991.26
20122-514,410.20
20123-514,213.64
20124-498,319.54
20125-492,576.85
20126-506,965.45
20127-524,139.92
20128-539,975.06
20129-538,802.59
201210-523,514.10
201211-534,903.33
201212-557,737.08
20131-570,749.20
20132-586,287.59
20133-594,810.99
20134-622,019.25
20135-615,066.47
20136-635,083.67
20137-636,687.43
20138-644,279.72
20139-657,922.67
201310-683,318.44
201311-693,716.24
201312-700,430.08
20141-699,519.27
20142-718,562.07
20143-720,011.58
20144-731,042.41
20145-754,408.84
20146-765,693.46
20147-762,424.32
20148-775,980.49
20149-755,443.51
201410-798,546.49
201411-803,608.38
201412-794,687.96
20151-817,156.95
20152-817,609.36
20153-824,791.32
20154-832,865.23
20155-829,238.10
20156-828,577.78
20157-808,489.76
20158-772,050.36
20159-805,380.69
201510-828,998.24
201511-819,854.64
201512-767,223.07
20161-763,004.04
20162-811,551.91
20163-834,529.06
20164-831,989.04
20165-840,862.12
20166-868,589.04
20167-879,005.65
20168-875,149.71
20169-870,721.62
201610-881,180.38
201611-915,951.44
201612-929,119.48
20171-953,057.73
20172-969,729.16
20173-968,235.74
20174-984,621.90
20175-1,002,113.00
20176-1,012,012.71
20177-1,014,520.53
20178-1,031,293.23
20179-1,059,497.03
201710-1,076,338.46
201711-1,107,374.53
201712-1,161,213.96
20181-1,127,693.35
20182-1,128,421.60
20183-1,109,644.98
20184-1,131,412.01
20185-1,155,318.40
20186-1,173,581.00
20187-1,202,343.19
20188-1,222,539.52
20189-1,175,484.14
201810-1,151,079.82
201811-1,087,050.86
201812-1,105,918.11
20191-1,170,381.00
20192-1,193,180.28
20193-1,237,605.00
20194-1,218,647.51
20195-1,235,766.45
20196-1,283,063.48
20197-1,242,846.96
20198-1,281,191.62
20199-1,281,317.21
201910-1,338,126.87
201911-1,371,169.50
201912-1,417,054.28
20201-1,418,784.18
20202-1,150,382.72
20203-1,200,063.31
20204-1,270,715.42
20205-1,353,417.04
20206-1,400,467.70
20207-1,483,004.33
20208-1,473,705.85
20209-1,499,142.04
202010-1,558,419.86
202011-1,624,809.80
202012-1,670,228.11
Click to show 834 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 1950 to 2020
Start Value
Average monthly close
$16.88
End Value
Average monthly close
$3,278.20
Change in price+19,320.63%
+7.82% / yr
Change incl. dividends+212,524.72%
+11.40% / yr
Change incl. dividends, inflation-adjusted+19,699.17%
+7.73% / yr
Final amount, nominal
($1000 base)
$2,126,247.19
Final amount, inflation-adjusted
($1000 base)
$197,991.68