S&P 500: $100000 in 1950 → $228,608,394.07 in 2022

$

Stock market returns between 1950 and 2022

If you invested $100000 in the S&P 500 at the beginning of 1950, you would have about $228,608,394.07 at the end of 2022, assuming you reinvested all dividends. This is a return on investment of 228,508.39%, or 11.18% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 18,725.74% cumulatively, or 7.44% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $179,584,052.54.

The graph below shows the performance of $100000 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 $100000 is $228,508,394.07, or 228,508.39%. This means by 2022 you would have $228,608,394.07 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 2022 was 292.656.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 72 years.

Adjusted for inflation, the $228,608,394.07 nominal end value of the original $100000 investment would have a real return of roughly $18,725,738.87 in 1950 dollars. This means the inflation-adjusted return is 18,725.74% as opposed to the original 228,508.39%.

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 $100000 investment, including gains and losses over the 876-month period between 1950 and 2022.

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

YearMonthReturn (%)Amount ($)CPI
195012.52%102,522.7123.50
195021.38%103,932.5723.50
195033.39%107,451.9023.60
195043.91%111,658.0223.60
195052.16%114,075.0623.70
19506-6.72%106,405.1323.80
195076.64%113,467.8524.10
195084.11%118,129.8324.30
195094.72%123,707.1624.40
1950100.38%124,172.3724.60
1950110.19%124,414.1424.70
1950128.01%134,383.0225.00
195114.31%140,173.2725.40
19512-1.11%138,614.0225.70
195131.93%141,284.1925.80
195140.63%142,172.2325.80
19515-1.15%140,544.2825.90
195162.37%143,870.3825.90
195174.97%151,013.9725.90
195183.14%155,749.4225.90
195190.03%155,793.6426.10
195110-2.25%152,283.0226.20
1951113.61%157,785.3026.40
1951123.83%163,834.5226.50
19521-1.33%161,652.1726.50
195220.75%162,864.0926.30
195230.20%163,194.6926.30
195240.46%163,945.1326.40
195253.24%169,264.8926.40
195263.37%174,963.7526.50
195270.88%176,504.3326.70
19528-1.11%174,547.4626.70
19529-1.61%171,735.7726.70
1952103.67%178,034.0926.70
1952114.51%186,061.7126.70
1952120.99%187,901.6026.70
19531-0.77%186,448.2026.60
195320.96%188,232.6526.50
19533-4.47%179,813.2426.60
195341.00%181,616.3026.60
19535-3.11%175,972.2826.70
195361.91%179,339.8726.80
195370.90%180,951.8926.80
19538-4.11%173,520.4226.90
195393.52%179,622.6026.90
1953102.71%184,487.2227.00
1953111.84%187,875.7626.90
1953123.02%193,556.9326.90
195412.68%198,737.1126.90
195422.58%203,869.3326.90
195434.45%212,942.5526.90
195444.42%222,359.9926.80
195451.22%225,079.6226.90
195464.46%235,112.0926.90
195472.39%240,741.2726.90
195482.74%247,337.1326.90
195492.71%254,041.5826.80
1954104.30%264,970.9226.80
1954114.95%278,095.7726.80
1954122.17%284,126.3526.70
195513.70%294,652.5126.70
19552-0.44%293,366.6126.70
195533.81%304,538.6526.70
19554-0.08%304,298.9426.70
195556.15%322,998.4026.70
195567.64%347,688.8026.70
19557-0.30%346,648.1226.80
195584.82%363,344.1826.80
19559-4.72%346,176.7026.90
1955107.07%370,638.0626.90
1955111.24%375,223.5126.90
195512-2.39%366,264.0226.80
195610.95%369,741.3826.80
195627.21%396,385.2926.80
195631.48%402,262.7626.80
19564-2.84%390,844.6226.90
19565-0.26%389,820.5327.00
195665.75%412,230.7927.20
19567-0.28%411,057.0627.40
19568-3.09%398,360.1727.30
19569-0.95%394,561.4127.40
195610-0.71%391,750.2927.50
1956111.81%398,836.8827.50
195612-1.86%391,408.0727.60
19571-4.00%375,768.3127.60
195721.62%381,857.7427.70
195732.64%391,954.1827.80
195744.16%408,260.2327.90
195751.95%416,238.3828.00
195762.32%425,903.9228.10
19577-5.21%403,735.1428.30
19578-3.74%388,637.6428.30
19579-5.90%365,721.1628.30
195710-1.80%359,136.5828.30
1957110.32%360,278.8228.40
1957122.33%368,668.6528.40
195810.70%371,256.2428.60
195822.42%380,236.7228.60
195830.90%383,645.3928.80
195843.56%397,294.8828.90
195852.74%408,161.6428.90
195863.07%420,695.3228.90
195874.05%437,751.5729.00
195882.94%450,637.8628.90
195894.36%470,281.1728.90
1958103.33%485,923.8828.90
1958112.16%496,431.6629.00
1958124.25%517,553.2828.90
19591-1.27%511,006.0729.00
195922.81%525,345.8128.90
195931.94%535,518.7828.90
195941.77%544,972.9429.00
19595-0.61%541,668.9829.00
195964.23%564,568.4629.10
19597-0.32%562,770.2629.20
19598-3.70%541,929.5429.20
195990.18%542,887.3829.30
1959100.67%546,519.8629.40
1959113.46%565,446.5129.40
195912-1.49%557,045.2329.40
19601-3.61%536,940.1129.30
19602-1.08%531,151.1229.40
196031.58%539,566.0029.40
19604-0.62%536,196.2029.50
196053.99%557,580.1729.50
19606-2.20%545,335.0329.60
196071.49%553,465.2529.60
19608-2.72%538,406.8029.60
19609-1.67%529,394.0629.60
1960103.54%548,139.1229.80
1960112.69%562,887.5929.80
1960125.43%593,435.1529.80
196114.37%619,392.6929.80
196123.40%640,433.7529.80
196132.92%659,128.0529.80
196141.26%667,455.1829.80
19615-1.08%660,245.3329.80
19616-0.03%660,060.8629.80
196173.84%685,400.4130.00
19618-0.54%681,687.5529.90
196191.34%690,842.9430.00
1961104.77%723,810.3730.00
1961111.16%732,228.3530.00
196112-3.49%706,694.6030.00
196211.91%720,188.9030.00
196220.34%722,644.6930.10
19623-2.94%701,363.2230.10
19624-7.19%650,969.7430.20
19625-11.41%576,676.2130.20
196262.72%592,346.5730.20
196273.02%610,253.4130.30
19628-0.59%606,632.5330.30
19629-2.86%589,305.1630.40
1962107.20%631,740.1930.40
1962114.62%660,950.3930.40
1962124.15%688,358.1030.40
196311.60%699,341.1030.40
19632-0.11%698,583.7430.40
196334.98%733,360.4530.50
196342.27%750,004.5730.50
196350.22%751,629.3130.50
19636-1.22%742,445.2330.60
196373.03%764,949.8130.70
196382.89%787,084.5330.70
196390.50%791,019.0530.70
196310-0.31%788,594.0130.80
1963112.39%807,467.8830.80
1963123.33%834,358.0730.90
196411.48%846,705.8030.90
196422.07%864,241.4130.90
196431.69%878,873.9230.90
196441.22%889,599.3530.90
19645-0.35%886,479.8530.90
196463.96%921,593.6131.00
19647-1.23%910,297.9431.10
196481.97%928,189.3731.00
196491.97%946,476.4431.10
1964100.94%955,344.4331.10
196411-1.49%941,106.6931.20
1964122.82%967,653.3231.20
196510.98%977,088.5331.20
196520.34%980,367.3831.20
196531.56%995,637.9931.30
196541.73%1,012,888.4031.40
19655-4.51%967,233.9231.40
196560.10%968,229.1431.60
196572.12%988,741.8831.60
196583.60%1,024,298.1531.60
196592.50%1,049,873.1331.60
1965101.08%1,061,169.5031.70
196511-0.21%1,058,923.9431.70
1965121.98%1,079,895.4031.80
19661-0.43%1,075,247.3331.80
19662-3.86%1,033,717.6632.00
196633.32%1,068,046.9832.10
19664-5.01%1,014,563.6632.30
19665-0.56%1,008,886.9232.30
196660.02%1,009,072.5432.40
19667-5.77%950,854.5532.50
19668-3.22%920,191.0232.70
19669-0.56%914,997.3732.70
1966105.32%963,639.1932.90
1966110.72%970,536.8732.90
1966124.13%1,010,622.8832.90
196713.73%1,048,319.2932.90
196722.63%1,075,929.2732.90
196731.99%1,097,366.8433.00
196742.06%1,119,947.1533.10
19675-0.99%1,108,839.2033.20
196761.99%1,130,931.9033.30
196771.85%1,151,872.8433.40
196781.65%1,170,923.7533.50
196790.10%1,172,064.4133.60
196710-2.88%1,138,288.6333.70
1967113.11%1,173,709.1533.80
196712-0.02%1,173,503.8933.90
19681-4.26%1,123,548.0734.10
19682-1.56%1,106,029.3834.20
196837.66%1,190,770.3534.30
196842.56%1,221,226.5934.40
196852.94%1,257,139.1134.50
196860.05%1,257,754.1234.70
19687-1.93%1,233,430.1634.90
196883.51%1,276,694.9935.00
196892.72%1,311,385.0535.10
1968101.79%1,334,803.1435.30
1968111.29%1,351,959.5735.40
196812-3.99%1,298,082.1835.50
19691-0.24%1,294,985.4535.60
19692-1.91%1,270,202.1135.80
196932.27%1,299,089.7236.10
196943.51%1,344,733.1236.30
19695-4.97%1,277,882.1536.40
19696-4.21%1,224,142.9536.60
19697-0.28%1,220,671.1136.80
196980.63%1,228,343.3337.00
196991.35%1,244,881.9737.10
1969101.00%1,257,299.2237.30
196911-5.03%1,194,088.6737.50
196912-0.59%1,187,055.1237.70
19701-3.20%1,149,115.7637.80
197022.01%1,172,239.0038.00
19703-2.75%1,140,029.4338.20
19704-11.20%1,012,357.3338.50
19705-0.27%1,009,625.0938.60
197060.52%1,014,900.9438.80
197073.26%1,047,943.9039.00
197086.32%1,114,187.5639.00
197092.49%1,141,925.3239.20
1970100.21%1,144,286.3739.40
1970117.16%1,226,198.3739.60
1970124.11%1,276,603.4639.80
197114.15%1,329,596.1339.80
197122.83%1,367,248.1739.90
197133.67%1,417,478.9840.00
19714-1.11%1,401,775.0940.10
19715-1.60%1,379,404.7940.30
19716-0.46%1,373,018.6540.60
19717-1.52%1,352,188.3840.70
197182.49%1,385,809.2240.80
19719-1.86%1,359,982.1440.80
197110-4.37%1,300,530.1940.90
1971117.16%1,393,694.9940.90
1971124.42%1,455,331.7141.10
197212.09%1,485,703.9641.10
197222.62%1,524,623.6641.30
197231.26%1,543,817.1241.40
19724-0.78%1,531,838.8241.50
197250.52%1,539,744.5541.60
19726-0.50%1,531,986.4241.70
197273.78%1,589,951.9741.90
19728-1.21%1,570,706.2342.00
197290.42%1,577,262.8142.10
1972105.25%1,660,135.4642.30
1972112.31%1,698,509.7742.40
1972120.99%1,715,314.1742.50
19731-3.33%1,658,277.8942.60
19732-1.35%1,635,968.2542.90
19733-1.63%1,609,247.9243.30
19734-2.57%1,567,894.1343.60
19735-1.99%1,536,696.3243.90
197361.21%1,555,294.0644.20
19737-1.64%1,529,858.4244.30
197382.00%1,560,383.5345.10
197394.24%1,626,470.8045.20
197310-6.85%1,515,010.9745.60
197311-6.81%1,411,910.1845.90
1973121.70%1,435,918.7146.20
19741-2.47%1,400,410.4446.60
197424.57%1,464,474.1647.20
19743-4.82%1,393,935.7247.80
19744-2.71%1,356,220.3648.00
197450.46%1,362,421.4348.60
19746-11.35%1,207,829.5749.00
19747-3.76%1,162,357.6549.40
19748-10.01%1,045,963.9150.00
197492.38%1,070,825.7750.60
1974103.74%1,110,911.4851.10
197411-6.09%1,043,236.6651.50
1974128.63%1,133,296.9051.90
1975110.81%1,255,778.3152.10
197524.97%1,318,236.2552.50
197531.49%1,337,838.8252.70
197546.71%1,427,643.0552.90
197552.89%1,468,967.9453.20
197560.43%1,475,313.8653.60
19757-7.00%1,372,097.1954.20
19758-0.85%1,360,397.5754.30
197594.97%1,428,026.4854.60
1975102.04%1,457,182.4954.90
197511-1.18%1,439,993.0155.30
1975129.55%1,577,444.4355.50
197614.18%1,643,352.2355.60
197620.80%1,656,538.6255.80
197631.10%1,674,685.1855.90
19764-0.38%1,668,266.5556.10
197650.90%1,683,290.6656.50
197662.67%1,728,156.3756.80
19767-0.56%1,718,467.9757.10
197682.44%1,760,362.2157.40
19769-3.11%1,705,646.3757.60
197610-0.37%1,699,392.7157.90
1976113.79%1,763,740.3258.00
197612-0.54%1,754,264.6358.20
19771-2.37%1,712,713.0558.50
19772-0.05%1,711,785.0959.10
19773-1.19%1,691,352.0159.50
197740.06%1,692,442.9660.00
197750.90%1,707,671.0260.30
197761.28%1,729,570.8560.70
19777-2.08%1,693,619.6461.00
19778-1.18%1,673,713.9561.20
19779-2.20%1,636,928.0861.40
1977100.98%1,652,988.6661.60
197711-0.08%1,651,663.9661.90
197712-3.39%1,595,666.6562.10
19781-0.97%1,580,156.9062.50
197820.27%1,584,354.8362.90
197834.83%1,660,879.0763.40
197845.50%1,752,299.1863.90
197850.67%1,764,101.8964.50
19786-0.06%1,763,003.0265.20
197877.33%1,892,198.4165.70
197880.40%1,899,761.3366.00
19789-2.77%1,847,071.4466.50
197810-5.44%1,746,634.1367.10
1978111.92%1,780,218.9167.40
1978124.19%1,854,726.5667.70
19791-1.06%1,835,122.9568.30
197922.34%1,878,086.1469.10
197932.43%1,923,740.5869.80
19794-1.89%1,887,323.7170.60
197952.42%1,932,952.3771.50
197961.42%1,960,416.6472.30
197975.01%2,058,718.5173.10
197981.54%2,090,432.0573.80
19799-3.35%2,020,349.9674.60
197910-0.32%2,013,835.6675.20
1979114.40%2,102,524.9075.90
1979123.31%2,172,170.2376.70
198014.40%2,267,655.6277.80
19802-8.78%2,068,604.7678.90
19803-1.16%2,044,566.5380.10
198045.04%2,147,533.7381.00
198056.86%2,294,912.1881.80
198064.97%2,408,956.9082.70
198073.50%2,493,383.2282.70
198082.84%2,564,090.7783.30
198093.32%2,649,340.8884.00
1980104.61%2,771,599.8984.80
198011-1.24%2,737,099.5685.50
1980120.01%2,737,372.9386.30
19811-3.07%2,653,330.7887.00
198124.14%2,763,266.2987.90
198131.29%2,799,017.2688.50
19814-1.62%2,753,749.5989.10
198150.86%2,777,365.4489.80
19816-2.02%2,721,366.7890.60
198170.80%2,743,207.5091.60
19818-8.30%2,515,447.6792.30
198191.73%2,558,895.6793.20
1981103.04%2,636,781.5693.40
1981111.18%2,667,878.9493.70
198112-4.80%2,539,710.8494.00
19821-1.91%2,491,103.4294.30
19822-2.74%2,422,734.0594.60
198235.47%2,555,240.9994.50
198240.57%2,569,796.8594.90
19825-5.27%2,434,352.6695.80
198260.24%2,440,288.7697.00
198270.79%2,459,664.0997.50
1982812.10%2,757,194.2697.70
198298.88%3,002,071.7097.90
1982104.50%3,137,162.4298.20
1982111.36%3,179,686.6398.00
1982123.93%3,304,513.2897.60
198312.13%3,374,899.8997.80
198323.87%3,505,360.5297.90
198334.20%3,652,494.1297.90
198344.42%3,814,080.9098.60
198351.75%3,880,960.9699.20
198360.71%3,908,443.3299.50
19837-2.41%3,814,359.8499.90
198383.31%3,940,761.39100.20
198390.65%3,966,294.64100.70
198310-1.14%3,921,022.43101.00
198311-0.13%3,915,998.52101.20
1983121.58%3,977,712.02101.30
19841-5.11%3,774,364.24101.90
198420.44%3,791,060.55102.40
198430.51%3,810,288.82102.60
19844-0.25%3,800,665.04103.10
19845-1.85%3,730,417.19103.40
19846-0.91%3,696,528.31103.70
198479.21%4,036,851.37104.10
198481.41%4,093,648.59104.50
19849-0.41%4,076,766.29105.00
1984101.29%4,129,189.52105.30
198411-0.71%4,099,973.16105.30
1984124.70%4,292,572.21105.30
198515.79%4,540,998.84105.50
19852-0.48%4,519,278.42106.00
198531.02%4,565,588.01106.40
198542.74%4,690,485.81106.90
198552.51%4,808,262.34107.30
198562.25%4,916,314.61107.60
19857-1.85%4,825,593.35107.80
19858-1.88%4,734,631.19108.00
198591.50%4,805,440.63108.30
1985106.42%5,113,974.70108.70
1985115.29%5,384,734.84109.00
1985120.75%5,425,213.43109.30
198615.70%5,734,301.20109.60
198626.18%6,088,839.92109.30
198632.74%6,255,760.98108.80
198640.49%6,286,528.70108.60
198653.13%6,483,500.74108.90
19866-1.80%6,366,543.99109.50
198672.28%6,511,755.55109.50
19868-2.46%6,351,811.48109.70
19869-0.09%6,346,102.94110.20
1986103.53%6,570,307.56110.30
1986111.71%6,682,590.14110.40
1986126.67%7,128,544.17110.50
198716.46%7,589,181.98111.20
198724.38%7,921,315.63111.60
19873-0.86%7,853,476.67112.10
198740.17%7,867,049.91112.70
198754.50%8,220,944.71113.10
198763.12%8,477,610.56113.50
198776.45%9,024,756.51113.80
19878-3.03%8,751,267.96114.40
19879-11.85%7,713,902.67115.00
198710-12.30%6,764,829.27115.30
198711-1.33%6,674,539.51115.40
1987124.25%6,957,976.65115.40
198813.33%7,189,577.44115.70
198823.23%7,421,948.82116.00
19883-0.89%7,356,188.55116.50
19884-2.19%7,195,215.50117.10
198856.00%7,626,798.89117.50
19886-0.31%7,603,390.69118.00
19887-1.72%7,472,727.53118.50
198881.93%7,616,739.61119.00
198893.80%7,906,298.87119.80
198810-2.02%7,746,572.06120.20
1988112.33%7,926,753.71120.30
1988123.51%8,205,193.47120.50
198913.30%8,475,952.71121.10
19892-0.16%8,462,250.57121.60
198933.56%8,763,912.79122.30
198944.12%9,124,574.28123.10
198953.39%9,434,136.63123.80
198962.80%9,698,308.97124.10
198974.69%10,153,232.66124.40
198980.46%10,199,484.41124.60
198990.29%10,228,681.03125.00
198910-1.81%10,043,178.72125.60
1989112.74%10,318,031.03125.90
198912-2.21%10,089,876.06126.10
19901-2.53%9,834,886.35127.40
199022.71%10,101,133.15128.00
199030.20%10,120,929.93128.70
199043.85%10,510,679.35128.90
199053.17%10,843,863.39129.20
199060.17%10,862,267.98129.90
19907-7.86%10,008,360.45130.40
19908-4.34%9,573,891.45131.60
19909-2.32%9,352,182.25132.70
1990102.98%9,631,234.03133.50
1990114.59%10,072,980.74133.80
199012-0.69%10,003,963.59133.80
1991111.61%11,165,101.12134.60
199123.04%11,505,036.06134.80
199132.26%11,764,915.09135.00
19914-0.18%11,743,870.16135.20
199150.35%11,784,622.68135.60
199160.78%11,876,599.99136.00
199172.68%12,194,766.19136.20
19918-0.30%12,157,803.75136.60
199190.18%12,179,887.91137.20
1991100.02%12,181,811.74137.40
1991110.94%12,295,728.72137.80
1991127.36%13,200,451.63137.90
19921-0.60%13,121,137.25138.10
19922-1.01%12,988,301.74138.60
199230.26%13,022,630.27139.30
199242.07%13,291,983.91139.50
19925-1.33%13,115,317.15139.70
199261.91%13,366,099.50140.20
199270.94%13,491,970.71140.50
199280.38%13,542,995.64140.90
19929-1.18%13,382,909.89141.30
1992102.76%13,751,863.73141.80
1992113.27%14,201,714.69142.00
1992120.14%14,222,007.97141.90
199311.72%14,467,230.57142.60
199322.15%14,778,298.13143.10
19933-1.34%14,580,011.03143.60
199340.72%14,685,675.91144.00
199350.87%14,812,733.81144.20
199360.06%14,821,770.13144.40
199371.76%15,082,998.76144.40
199381.35%15,287,369.14144.80
199391.24%15,477,224.03145.10
1993100.01%15,478,391.75145.70
1993110.89%15,615,712.91145.80
1993121.74%15,886,782.97145.80
19941-0.08%15,874,756.51146.20
19942-1.42%15,648,728.84146.70
19943-3.35%15,125,063.31147.20
199441.06%15,285,123.06147.40
199451.11%15,454,496.45147.50
19946-0.52%15,374,306.90148.00
199473.08%15,848,155.03148.40
199480.82%15,977,708.16149.00
19949-0.44%15,906,766.08149.40
199410-0.37%15,847,929.52149.50
199411-1.03%15,685,376.32149.70
1994122.45%16,069,852.22149.70
199513.82%16,683,574.93150.30
199522.56%17,110,369.16150.90
199533.22%17,660,562.16151.40
199543.35%18,251,795.41151.90
199553.18%18,831,914.47152.20
199563.55%19,499,972.87152.50
199570.51%19,600,031.94152.50
199583.72%20,328,695.34152.90
199590.91%20,514,208.40153.20
1995102.36%20,998,012.49153.70
1995113.39%21,709,664.10153.60
1995120.16%21,744,959.63153.50
199615.90%23,028,867.63154.40
19962-0.20%22,982,649.35154.90
199630.20%23,027,934.83155.70
199642.35%23,570,202.54156.30
199651.28%23,871,569.54156.60
19966-3.48%23,041,659.04156.70
199673.08%23,750,363.48157.00
199682.02%24,231,005.97157.30
199694.12%25,229,201.73157.80
1996105.05%26,503,801.65158.30
1996111.20%26,821,377.48158.60
1996123.26%27,695,094.60158.60
199714.36%28,902,923.01159.10
19972-0.62%28,722,659.70159.60
19973-3.41%27,744,582.36160.00
199749.22%30,302,031.03160.20
199755.34%31,919,197.50160.10
199765.74%33,750,058.59160.30
199770.35%33,867,437.64160.50
199781.19%34,271,140.20160.80
199791.65%34,835,029.24161.20
199710-1.15%34,433,714.62161.60
1997112.63%35,340,910.96161.50
1997120.24%35,424,700.13161.30
199816.40%37,692,645.55161.60
199825.31%39,695,207.71161.90
199833.41%41,047,097.60162.20
19984-0.22%40,956,031.50162.50
199850.12%41,003,727.69162.80
199864.47%42,835,637.42163.00
19987-6.97%39,849,562.06163.20
19988-4.90%37,897,551.12163.40
199891.29%38,386,754.21163.60
19981010.97%42,599,464.11164.00
1998114.10%44,347,790.83164.00
1998125.05%46,586,328.53163.90
19991-0.07%46,555,250.75164.30
199922.92%47,916,298.09164.50
199934.25%49,952,751.35165.00
19994-0.10%49,903,382.17166.20
19995-0.61%49,598,089.67166.20
199964.52%51,841,107.38166.20
19997-3.77%49,884,424.05166.70
19998-0.60%49,586,106.89167.10
19999-1.27%48,955,137.97167.90
1999107.11%52,433,865.41168.20
1999112.81%53,906,591.50168.30
199912-0.12%53,842,478.97168.30
20001-2.48%52,508,220.72168.80
200023.94%54,577,545.34169.80
200031.42%55,355,092.73171.20
20004-2.84%53,783,675.68171.30
200053.16%55,485,111.59171.50
200060.85%55,956,925.05172.40
200070.94%56,482,758.49172.80
20008-1.08%55,872,942.05172.80
20009-5.21%52,959,598.48173.70
200010-0.77%52,550,451.64174.00
200011-3.32%50,805,737.89174.10
2000120.46%51,036,907.88174.00
20011-2.14%49,946,627.96175.10
20012-9.08%45,411,522.59175.80
200130.45%45,615,281.20176.20
200146.88%48,753,308.28176.90
20015-2.39%47,588,761.26177.70
20016-2.66%46,322,792.11178.00
20017-2.05%45,375,102.23177.50
20018-11.25%40,271,617.13177.50
200193.18%41,553,878.10178.30
2001105.05%43,653,656.31177.70
2001111.47%44,293,640.47177.40
200112-0.30%44,161,783.07176.70
20021-3.35%42,681,140.36177.10
200224.95%44,791,838.29177.80
20023-3.51%43,217,659.53178.80
20024-2.82%41,998,761.02179.80
20025-5.92%39,512,031.82179.80
20026-10.76%35,261,130.20179.90
200271.14%35,662,680.72180.10
20028-4.76%33,965,946.60180.70
20029-1.37%33,501,617.60181.00
2002106.63%35,721,292.99181.30
200211-1.04%35,351,555.71181.30
200212-0.22%35,272,892.29180.90
20031-6.41%33,010,194.11181.70
200321.31%33,441,933.83183.10
200335.29%35,209,627.24184.20
200345.31%37,080,037.18183.80
200355.70%39,195,151.06183.50
200360.60%39,428,715.28183.70
20037-0.17%39,363,135.82183.90
200383.16%40,607,475.75184.60
200392.03%41,430,925.92185.20
2003101.21%41,932,483.00185.00
2003113.06%43,217,214.74184.50
2003124.93%45,349,967.60184.30
200411.09%45,842,768.55185.20
20042-1.57%45,125,239.03186.20
200430.97%45,562,113.19187.40
20044-2.56%44,393,785.15188.00
200452.86%45,662,416.08189.10
20046-2.24%44,640,135.22189.70
20047-1.39%44,020,722.03189.40
200482.78%45,245,653.42189.50
200490.10%45,292,073.33189.90
2004104.77%47,454,269.85190.90
2004112.73%48,748,560.04191.00
200412-1.35%48,090,833.95190.30
200511.68%48,899,340.29190.70
20052-0.26%48,774,359.41191.80
20053-2.41%47,599,424.87193.30
200541.34%48,235,291.58194.60
200552.18%49,287,157.36194.40
200561.81%50,178,166.13194.50
200570.31%50,333,727.59195.40
200580.28%50,474,506.23196.40
20059-2.62%49,149,944.33198.80
2005103.96%51,097,040.18199.20
2005112.14%52,192,627.64197.60
2005121.47%52,958,173.55196.80
20061-0.02%52,949,361.43198.30
200621.49%53,736,261.89198.70
200630.80%54,165,255.37199.80
20064-0.79%53,739,172.17201.50
20065-2.71%52,285,101.42202.50
200660.72%52,661,575.40202.90
200672.29%53,868,451.92203.50
200682.53%55,231,955.91203.90
200693.62%57,229,095.44202.90
2006102.00%58,374,617.61201.80
2006112.15%59,628,659.07201.50
2006120.69%60,041,782.24201.80
200711.60%61,000,077.92202.42
20072-2.47%59,491,002.46203.50
200734.18%61,977,880.98205.35
200743.39%64,080,017.70206.69
200750.34%64,301,030.64207.95
200760.57%64,670,517.00208.35
20077-4.20%61,953,638.86208.30
200783.07%63,858,554.31207.92
200792.99%65,768,967.79208.49
200710-4.81%62,607,907.28208.94
2007111.24%63,383,131.43210.18
200712-6.64%59,177,535.56210.04
20081-1.56%58,252,019.21211.08
20082-2.63%56,721,950.84211.69
200834.24%59,129,118.43213.53
200842.56%60,644,363.73214.82
20085-4.25%58,069,051.05216.63
20086-6.08%54,539,340.29218.82
200872.11%55,690,412.12219.96
20088-4.85%52,990,799.23219.09
20089-20.19%42,290,057.11218.78
200810-8.61%38,650,850.54216.57
200811-0.35%38,515,102.09212.43
200812-1.10%38,093,147.34210.23
20091-6.70%35,539,951.67211.14
20092-5.69%33,518,639.51212.19
2009312.32%37,648,722.51212.71
200946.66%40,156,060.30213.24
200952.87%41,308,081.87213.86
200961.28%41,835,851.36215.69
200978.12%45,233,234.15215.35
200983.65%46,884,402.47215.83
200992.40%48,011,085.39215.97
2009102.09%49,016,593.89216.18
2009112.23%50,107,633.48216.33
2009121.36%50,787,577.97215.95
20101-2.90%49,315,513.57216.69
201025.94%52,246,352.10216.74
201034.09%54,382,146.51217.63
20104-5.88%51,183,172.97218.01
20105-3.54%49,369,464.43218.18
20106-0.16%49,290,930.94217.97
201070.86%49,716,613.12218.01
201083.37%51,392,636.97218.31
201094.58%53,745,102.32218.44
2010102.49%55,083,846.84218.71
2010113.71%57,129,515.56218.80
2010123.46%59,107,449.74219.18
201113.15%60,969,845.06220.22
20112-1.11%60,291,579.33221.31
201132.22%61,630,645.00223.47
201140.66%62,036,935.68224.91
20115-3.66%59,764,770.77225.96
201163.10%61,618,515.99225.72
20117-10.40%55,209,791.69225.92
20118-0.79%54,774,051.16226.55
201193.02%56,427,628.26226.89
2011101.77%57,424,773.54226.42
2011111.55%58,317,585.81226.23
2011124.78%61,106,658.17225.67
201214.16%63,650,289.21226.67
201222.88%65,485,859.99227.66
20123-0.04%65,460,837.62229.39
20124-3.09%63,437,474.40230.09
20125-1.15%62,706,413.90229.82
201262.92%64,538,122.70229.48
201273.39%66,724,481.19229.10
201283.02%68,740,338.60230.38
20129-0.22%68,591,079.42231.41
201210-2.84%66,644,811.69231.32
2012112.18%68,094,693.01230.22
2012124.27%71,001,492.99229.60
201312.33%72,657,973.34230.28
201322.72%74,636,053.26232.17
201331.45%75,721,105.79232.77
201344.57%79,184,793.45232.53
20135-1.12%78,299,685.60232.95
201363.25%80,847,930.98233.50
201370.25%81,052,094.87233.60
201381.19%82,018,614.63233.88
201392.12%83,755,399.73234.15
2013103.86%86,988,353.17233.55
2013111.52%88,312,021.59233.07
2013120.97%89,166,712.10233.05
20141-0.13%89,050,763.36233.92
201422.72%91,474,964.96234.78
201430.20%91,659,491.90236.29
201441.53%93,063,747.17237.07
201453.20%96,038,360.32237.90
201461.50%97,474,923.21238.34
20147-0.43%97,058,753.23238.25
201481.78%98,784,490.68237.85
20149-2.65%96,170,076.46238.03
2014105.71%101,657,206.57237.43
2014110.63%102,301,599.10236.15
201412-1.11%101,166,004.73234.81
201512.83%104,026,370.39233.71
201520.06%104,083,962.98234.72
201530.88%104,998,246.58236.12
201540.98%106,026,078.53236.60
20155-0.44%105,564,334.89237.81
20156-0.08%105,480,273.91238.64
20157-2.42%102,923,012.79238.65
20158-4.51%98,284,174.32238.32
201594.32%102,527,219.41237.95
2015102.93%105,533,799.29237.84
201511-1.10%104,369,793.31237.34
201512-6.42%97,669,647.35236.53
20161-0.55%97,132,553.09236.92
201626.36%103,312,832.78237.11
201632.83%106,237,887.95238.13
20164-0.30%105,914,536.75239.26
201651.07%107,044,104.94240.23
201663.30%110,573,818.92241.02
201671.20%111,899,883.16240.63
20168-0.44%111,409,010.56240.85
20169-0.51%110,845,302.21241.43
2016101.20%112,176,732.26241.73
2016113.95%116,603,185.54241.35
2016121.44%118,279,513.44241.43
201712.58%121,326,920.40242.84
201721.75%123,449,239.91243.60
20173-0.15%123,259,123.01243.80
201741.69%125,345,127.54244.52
201751.78%127,571,793.41244.73
201760.99%128,832,054.86244.96
201770.25%129,151,307.47244.79
201781.65%131,286,518.32245.52
201792.73%134,876,940.88246.82
2017101.59%137,020,902.84246.66
2017112.88%140,971,881.80246.67
2017124.86%147,825,791.26246.52
20181-2.89%143,558,524.21247.87
201820.06%143,651,231.77248.99
20183-1.66%141,260,915.64249.55
201841.96%144,031,919.60250.55
201852.11%147,075,270.50251.59
201861.58%149,400,151.04251.99
201872.45%153,061,657.30252.01
201881.68%155,632,707.02252.15
20189-3.85%149,642,425.67252.44
201810-2.08%146,535,686.83252.89
201811-5.56%138,384,621.42252.04
2018121.74%140,786,475.27251.23
201915.83%148,992,781.72251.71
201921.95%151,895,193.83252.78
201933.72%157,550,585.48254.20
20194-1.53%155,137,243.66255.55
201951.40%157,316,532.82256.09
201963.83%163,337,577.40256.14
20197-3.13%158,217,901.47256.57
201983.09%163,099,283.59256.56
201990.01%163,115,271.81256.76
2019104.43%170,347,300.93257.35
2019112.47%174,553,720.68257.21
2019123.35%180,394,982.03256.97
202010.12%180,615,202.48257.97
20202-18.92%146,446,944.20258.68
202034.32%152,771,422.94258.12
202045.89%161,765,634.77256.39
202056.51%172,293,782.05256.39
202063.48%178,283,463.21257.80
202075.89%188,790,607.77259.10
20208-0.63%187,606,885.68259.92
202091.73%190,844,983.09260.28
2020103.95%198,391,216.22260.39
2020114.26%206,842,841.65260.23
2020122.80%212,624,719.11260.47
202112.49%217,922,324.70261.58
202120.82%219,712,246.42263.01
202136.02%232,942,188.83264.88
202140.76%234,713,088.77267.05
202151.81%238,962,388.03269.20
202163.07%246,294,235.53271.70
202172.19%251,676,163.22273.00
20218-0.08%251,463,499.81273.57
202190.45%252,600,557.57274.31
2021104.74%264,585,807.53276.59
2021110.27%265,288,027.88277.95
202112-2.05%259,844,442.52278.80
20221-2.90%252,302,276.05281.15
20222-0.89%250,050,267.30283.72
202230.12%250,346,081.34287.50
20224-7.87%230,637,009.57289.11
20225-3.37%222,865,961.06292.30
202260.46%223,901,586.50296.31
202276.45%238,337,403.64296.28
20228-7.28%220,992,627.55296.17
20229-3.09%214,161,358.39296.81
2022105.29%225,479,987.91298.01
2022110.01%225,504,424.21297.71
2022121.38%228,608,394.07296.80
Click to show 858 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 $100,000.00 up-front. Instead, the capital is invested over a period of time.

Consider a strategy in which $100,000.00 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 $179,584,052.54, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $228,608,394.07).

YearMonthContribution ($)Amount ($)
195014166.664,248.12
195024166.668,507.09
195034166.6613,079.49
195044166.6617,898.27
195054166.6622,520.16
195064166.6624,870.27
195074166.6630,939.44
195084166.6636,524.25
195094166.6642,587.86
1950104166.6646,906.29
1950114166.6651,147.47
1950124166.6659,720.42
195114166.6666,615.48
195124166.6669,971.05
195134166.6675,541.46
195144166.6680,184.83
195154166.6683,361.13
195164166.6689,574.08
195174166.6698,370.75
195184166.66105,729.49
195194166.66109,904.88
1951104166.66111,479.02
1951114166.66119,802.07
1951124166.82128,700.73
19521-126,986.37
19522-127,938.40
19523-128,198.11
19524-128,787.62
19525-132,966.57
19526-137,443.33
19527-138,653.54
19528-137,116.31
19529-134,907.58
195210-139,855.25
195211-146,161.37
195212-147,606.70
19531-146,464.98
19532-147,866.76
19533-141,252.86
19534-142,669.27
19535-138,235.58
19536-140,881.01
19537-142,147.33
19538-136,309.52
19539-141,103.10
195310-144,924.52
195311-147,586.40
195312-152,049.26
19541-156,118.57
19542-160,150.20
19543-167,277.70
19544-174,675.60
19545-176,812.01
19546-184,693.05
19547-189,115.07
19548-194,296.47
19549-199,563.17
195410-208,148.75
195411-218,459.02
195412-223,196.36
19551-231,465.22
19552-230,455.08
19553-239,231.31
19554-239,043.00
19555-253,732.42
19556-273,128.05
19557-272,310.53
19558-285,426.18
19559-271,940.21
195510-291,155.91
195511-294,758.02
195512-287,719.87
19561-290,451.52
19562-311,381.73
19563-315,998.80
19564-307,029.24
19565-306,224.76
19566-323,829.21
19567-322,907.18
19568-312,933.10
19569-309,948.97
195610-307,740.69
195611-313,307.58
195612-307,471.85
19571-295,185.99
19572-299,969.57
19573-307,900.85
19574-320,710.12
19575-326,977.38
19576-334,570.18
19577-317,155.43
19578-305,295.54
19579-287,293.42
195710-282,120.89
195711-283,018.17
195712-289,608.83
19581-291,641.52
19582-298,696.16
19583-301,373.86
19584-312,096.26
19585-320,632.68
19586-330,478.55
19587-343,877.14
19588-354,000.01
19589-369,430.87
195810-381,719.05
195811-389,973.47
195812-406,565.63
19591-401,422.45
19592-412,687.08
19593-420,678.48
19594-428,105.23
19595-425,509.79
19596-443,498.55
19597-442,085.97
19598-425,714.48
19599-426,466.91
195910-429,320.42
195911-444,188.30
195912-437,588.66
19601-421,795.01
19602-417,247.45
19603-423,857.79
19604-421,210.63
19605-438,008.88
19606-428,389.67
19607-434,776.39
19608-422,947.18
19609-415,867.19
196010-430,592.44
196011-442,178.14
196012-466,174.87
19611-486,565.90
19612-503,094.78
19613-517,780.14
19614-524,321.55
19615-518,657.82
19616-518,512.92
19617-538,418.48
19618-535,501.83
19619-542,693.87
196110-568,591.54
196111-575,204.31
196112-555,146.19
19621-565,746.69
19622-567,675.84
19623-550,958.11
19624-511,371.35
19625-453,009.83
19626-465,319.74
19627-479,386.51
19628-476,542.12
19629-462,930.54
196210-496,265.52
196211-519,211.69
196212-540,741.90
19631-549,369.63
19632-548,774.68
19633-576,093.64
19634-589,168.48
19635-590,444.80
19636-583,230.22
19637-600,908.76
19638-618,296.76
19639-621,387.53
196310-619,482.54
196311-634,308.97
196312-655,432.64
19641-665,132.44
19642-678,907.59
19643-690,402.21
19644-698,827.61
19645-696,377.07
19646-723,960.80
19647-715,087.45
19648-729,142.12
19649-743,507.58
196410-750,473.86
196411-739,289.36
196412-760,143.15
19651-767,555.01
19652-770,130.72
19653-782,126.60
19654-795,677.71
19655-759,813.69
19656-760,595.48
19657-776,709.33
19658-804,640.67
19659-824,731.18
196510-833,605.08
196511-831,841.08
196512-848,315.27
19661-844,663.97
19662-812,040.20
19663-839,007.71
19664-796,993.71
19665-792,534.34
19666-792,680.15
19667-746,946.82
19668-722,858.98
19669-718,779.10
196610-756,989.84
196611-762,408.33
196612-793,898.02
19671-823,510.56
19672-845,199.67
19673-862,040.02
19674-879,778.05
19675-871,052.17
19676-888,407.16
19677-904,857.38
19678-919,822.89
19679-920,718.93
196710-894,186.26
196711-922,010.97
196712-921,849.72
19681-882,606.76
19682-868,844.91
19683-935,413.44
19684-959,338.44
19685-987,549.63
19686-988,032.76
19687-968,924.99
19688-1,002,911.82
19689-1,030,162.71
196810-1,048,558.86
196811-1,062,036.15
196812-1,019,712.60
19691-1,017,279.95
19692-997,811.32
19693-1,020,504.07
19694-1,056,359.39
19695-1,003,844.39
19696-961,629.40
19697-958,902.08
19698-964,929.02
19699-977,921.00
196910-987,675.41
196911-938,020.16
196912-932,494.93
19701-902,691.55
19702-920,856.08
19703-895,553.75
19704-795,260.53
19705-793,114.21
19706-797,258.67
19707-823,215.67
19708-875,253.59
19709-897,043.07
197010-898,897.81
197011-963,244.04
197012-1,002,839.91
19711-1,044,468.48
19712-1,074,046.16
19713-1,113,505.13
19714-1,101,168.89
19715-1,083,595.83
19716-1,078,579.18
19717-1,062,215.89
19718-1,088,626.85
19719-1,068,338.31
197110-1,021,635.64
197111-1,094,821.54
197112-1,143,240.47
19721-1,167,099.48
19722-1,197,672.97
19723-1,212,750.46
19724-1,203,340.86
19725-1,209,551.24
19726-1,203,456.81
19727-1,248,991.84
19728-1,233,873.29
19729-1,239,023.82
197210-1,304,124.70
197211-1,334,269.76
197212-1,347,470.52
19731-1,302,665.48
19732-1,285,140.08
19733-1,264,149.84
19734-1,231,664.23
19735-1,207,156.69
19736-1,221,766.20
19737-1,201,785.16
19738-1,225,764.26
19739-1,277,679.32
197310-1,190,121.70
197311-1,109,130.54
197312-1,127,990.52
19741-1,100,096.88
19742-1,150,422.34
19743-1,095,010.65
19744-1,065,383.22
19745-1,070,254.50
19746-948,814.36
19747-913,093.75
19748-821,660.28
19749-841,190.59
197410-872,680.05
197411-819,517.88
197412-890,264.99
19751-986,480.65
19752-1,035,544.69
19753-1,050,943.55
19754-1,121,489.55
19755-1,153,952.45
19756-1,158,937.51
19757-1,077,855.32
19758-1,068,664.65
19759-1,121,790.75
197510-1,144,694.35
197511-1,131,191.10
197512-1,239,166.50
19761-1,290,940.58
19762-1,301,299.20
19763-1,315,554.28
19764-1,310,512.11
19765-1,322,314.34
19766-1,357,558.74
19767-1,349,947.99
19768-1,382,858.14
19769-1,339,875.94
197610-1,334,963.36
197611-1,385,511.83
197612-1,378,068.17
19771-1,345,427.20
19772-1,344,698.24
19773-1,328,646.96
19774-1,329,503.96
19775-1,341,466.41
19776-1,358,669.90
19777-1,330,428.31
19778-1,314,791.33
19779-1,285,894.07
197710-1,298,510.51
197711-1,297,469.89
197712-1,253,481.02
19781-1,241,297.29
19782-1,244,594.99
19783-1,304,708.84
19784-1,376,524.20
19785-1,385,795.86
19786-1,384,932.64
19787-1,486,422.49
19788-1,492,363.56
19789-1,450,972.86
197810-1,372,074.01
197811-1,398,456.64
197812-1,456,986.36
19791-1,441,586.68
19792-1,475,336.55
19793-1,511,200.54
19794-1,482,593.15
19795-1,518,436.89
19796-1,540,011.54
19797-1,617,232.88
19798-1,642,145.56
19799-1,587,092.35
197910-1,581,975.02
197911-1,651,645.14
197912-1,706,355.25
19801-1,781,364.10
19802-1,624,999.06
19803-1,606,115.75
19804-1,687,001.96
19805-1,802,775.58
19806-1,892,363.77
19807-1,958,685.13
19808-2,014,229.68
19809-2,081,198.17
198010-2,177,239.13
198011-2,150,137.28
198012-2,150,352.03
19811-2,084,332.45
19812-2,170,692.64
19813-2,198,776.93
19814-2,163,216.77
19815-2,181,768.27
19816-2,137,778.35
19817-2,154,935.40
19818-1,976,017.94
19819-2,010,148.65
198110-2,071,332.16
198111-2,095,760.80
198112-1,995,077.95
19821-1,956,894.23
19822-1,903,186.46
19823-2,007,277.70
19824-2,018,712.11
19825-1,912,313.49
19826-1,916,976.61
19827-1,932,196.96
19828-2,165,922.74
19829-2,358,286.99
198210-2,464,407.94
198211-2,497,812.97
198212-2,595,870.94
19831-2,651,163.36
19832-2,753,647.13
19833-2,869,228.40
19834-2,996,163.40
19835-3,048,701.25
19836-3,070,290.11
19837-2,996,382.52
19838-3,095,677.67
19839-3,115,735.39
198310-3,080,171.67
198311-3,076,225.12
198312-3,124,704.36
19841-2,964,963.86
19842-2,978,079.70
19843-2,993,184.53
19844-2,985,624.53
19845-2,930,441.11
19846-2,903,819.59
19847-3,171,161.46
19848-3,215,778.69
19849-3,202,516.75
198410-3,243,697.98
198411-3,220,746.98
198412-3,372,043.78
19851-3,567,196.11
19852-3,550,133.56
19853-3,586,512.21
19854-3,684,626.07
19855-3,777,145.81
19856-3,862,026.61
19857-3,790,760.23
19858-3,719,304.62
19859-3,774,929.20
198510-4,017,299.12
198511-4,229,995.62
198512-4,261,793.70
19861-4,504,598.58
19862-4,783,107.61
19863-4,914,232.98
19864-4,938,402.66
19865-5,093,134.67
19866-5,001,258.92
19867-5,115,330.32
19868-4,989,685.75
19869-4,985,201.39
198610-5,161,326.04
198611-5,249,529.99
198612-5,599,850.59
19871-5,961,706.09
19872-6,222,614.74
19873-6,169,323.63
19874-6,179,986.13
19875-6,457,989.31
19876-6,659,614.00
19877-7,089,426.24
19878-6,874,586.44
19879-6,059,680.83
198710-5,314,133.20
198711-5,243,205.79
198712-5,465,860.73
19881-5,647,795.47
19882-5,830,335.55
19883-5,778,677.36
19884-5,652,224.47
19885-5,991,256.17
19886-5,972,867.79
19887-5,870,224.93
19888-5,983,354.07
19889-6,210,818.27
198810-6,085,344.37
198811-6,226,886.64
198812-6,445,615.88
19891-6,658,311.66
19892-6,647,547.90
19893-6,884,519.62
19894-7,167,838.41
19895-7,411,016.10
19896-7,618,537.52
19897-7,975,904.28
19898-8,012,237.48
19899-8,035,172.98
198910-7,889,451.05
198911-8,105,362.16
198912-7,926,134.30
19901-7,725,826.32
19902-7,934,977.34
19903-7,950,528.76
19904-8,256,697.66
19905-8,518,431.44
19906-8,532,889.23
19907-7,862,099.45
19908-7,520,800.94
19909-7,346,636.57
199010-7,565,846.59
199011-7,912,862.12
199012-7,858,645.48
19911-8,770,780.77
19912-9,037,817.74
19913-9,241,966.55
19914-9,225,434.64
19915-9,257,447.90
19916-9,329,700.98
19917-9,579,637.45
19918-9,550,601.48
19919-9,567,949.77
199110-9,569,461.04
199111-9,658,948.88
199112-10,369,656.85
19921-10,307,351.18
19922-10,203,001.82
19923-10,229,968.71
19924-10,441,560.32
19925-10,302,779.19
19926-10,499,782.06
19927-10,598,660.59
19928-10,638,743.38
19929-10,512,987.51
199210-10,802,820.38
199211-11,156,202.23
199212-11,172,143.69
19931-11,364,779.08
19932-11,609,139.20
19933-11,453,374.13
19934-11,536,379.52
19935-11,636,190.25
19936-11,643,288.76
19937-11,848,497.75
19938-12,009,041.55
19939-12,158,182.66
199310-12,159,099.97
199311-12,266,973.05
199312-12,479,912.99
19941-12,470,465.57
19942-12,292,908.82
19943-11,881,541.68
19944-12,007,277.13
19945-12,140,328.94
19946-12,077,335.78
19947-12,449,568.69
19948-12,551,339.57
19949-12,495,610.79
199410-12,449,391.54
199411-12,321,697.36
199412-12,623,723.63
19951-13,105,835.46
19952-13,441,105.02
19953-13,873,310.89
19954-14,337,756.05
19955-14,793,470.43
19956-15,318,265.83
19957-15,396,867.55
19958-15,969,271.41
19959-16,115,001.79
199510-16,495,055.63
199511-17,054,095.83
199512-17,081,822.34
19961-18,090,400.36
19962-18,054,093.44
19963-18,089,667.60
19964-18,515,647.73
19965-18,752,387.53
19966-18,100,448.70
19967-18,657,173.72
19968-19,034,743.97
19969-19,818,879.82
199610-20,820,145.85
199611-21,069,618.56
199612-21,755,969.83
19971-22,704,783.28
19972-22,563,176.87
19973-21,794,845.10
19974-23,803,857.05
19975-25,074,227.32
19976-26,512,466.09
19977-26,604,673.57
19978-26,921,803.41
19979-27,364,768.24
199710-27,049,514.26
199711-27,762,165.24
199712-27,827,986.08
19981-29,609,577.84
19982-31,182,696.93
19983-32,244,678.34
19984-32,173,141.07
19985-32,210,608.97
19986-33,649,671.49
19987-31,303,950.47
19988-29,770,542.06
19989-30,154,837.11
199810-33,464,144.80
199811-34,837,548.42
199812-36,596,038.85
19991-36,571,625.60
19992-37,640,800.67
19993-39,240,543.02
19994-39,201,760.91
19995-38,961,937.41
19996-40,723,947.12
19997-39,186,868.29
19998-38,952,524.30
19999-38,456,864.65
199910-41,189,590.08
199911-42,346,494.75
199912-42,296,130.95
20001-41,248,000.13
20002-42,873,564.68
20003-43,484,369.51
20004-42,249,937.84
20005-43,586,506.24
20006-43,957,140.81
20007-44,370,210.94
20008-43,891,167.69
20009-41,602,581.37
200010-41,281,174.77
200011-39,910,609.32
200012-40,092,205.64
20011-39,235,732.77
20012-35,673,166.30
20013-35,833,229.52
20014-38,298,316.70
20015-37,383,503.08
20016-36,389,016.97
20017-35,644,556.17
20018-31,635,497.18
20019-32,642,781.38
200110-34,292,268.84
200111-34,795,010.44
200112-34,691,429.44
20021-33,528,305.83
20022-35,186,371.32
20023-33,949,770.18
20024-32,992,260.57
20025-31,038,802.52
20026-27,699,493.21
20027-28,014,932.49
20028-26,682,057.60
20029-26,317,302.48
200210-28,060,975.55
200211-27,770,527.25
200212-27,708,732.96
20031-25,931,263.18
20032-26,270,417.70
20033-27,659,034.89
20034-29,128,341.38
20035-30,789,875.83
20036-30,973,352.95
20037-30,921,836.79
20038-31,899,331.99
20039-32,546,195.90
200310-32,940,195.66
200311-33,949,420.77
200312-35,624,811.58
20041-36,011,932.93
20042-35,448,275.34
20043-35,791,463.22
20044-34,873,679.41
20045-35,870,256.48
20046-35,067,200.49
20047-34,580,618.48
20048-35,542,867.24
20049-35,579,332.55
200410-37,277,852.92
200411-38,294,586.70
200412-37,777,907.88
20051-38,413,032.61
20052-38,314,853.48
20053-37,391,879.90
20054-37,891,387.03
20055-38,717,683.55
20056-39,417,618.32
20057-39,539,820.12
20058-39,650,409.24
20059-38,609,895.41
200510-40,139,442.76
200511-41,000,084.98
200512-41,601,462.01
20061-41,594,539.62
20062-42,212,691.79
20063-42,549,688.98
20064-42,214,977.96
20065-41,072,728.05
20066-41,368,468.39
20067-42,316,534.09
20068-43,387,638.99
20069-44,956,498.32
200610-45,856,366.91
200611-46,841,483.17
200612-47,166,013.39
20071-47,918,805.62
20072-46,733,346.58
20073-48,686,921.93
20074-50,338,262.13
20075-50,511,879.55
20076-50,802,130.73
20077-48,667,878.45
20078-50,164,290.86
20079-51,665,022.25
200710-49,181,841.09
200711-49,790,820.90
200712-46,487,101.66
20081-45,760,059.34
20082-44,558,109.25
20083-46,449,067.43
20084-47,639,373.20
20085-45,616,328.12
20086-42,843,552.58
20087-43,747,780.73
20088-41,627,091.22
20089-33,221,089.14
200810-30,362,298.83
200811-30,255,661.19
200812-29,924,193.29
20091-27,918,522.30
20092-26,330,674.09
20093-29,575,073.95
20094-31,544,721.15
20095-32,449,695.36
20096-32,864,286.37
20097-35,533,111.25
20098-36,830,191.78
20099-37,715,261.14
200910-38,505,141.55
200911-39,362,211.17
200912-39,896,343.73
20101-38,739,958.85
20102-41,042,288.40
20103-42,720,068.51
20104-40,207,104.65
20105-38,782,340.12
20106-38,720,647.89
20107-39,055,043.88
20108-40,371,649.76
20109-42,219,636.41
201010-43,271,291.44
201011-44,878,273.02
201012-46,432,045.52
20111-47,895,056.10
20112-47,362,242.29
20113-48,414,149.60
20114-48,733,312.54
20115-46,948,406.15
20116-48,404,621.62
20117-43,370,227.81
20118-43,027,930.46
20119-44,326,903.21
201110-45,110,213.87
201111-45,811,565.39
201112-48,002,530.07
20121-50,000,687.54
20122-51,442,626.02
20123-51,422,969.62
20124-49,833,510.19
20125-49,259,223.29
20126-50,698,127.97
20127-52,415,628.85
20128-53,999,192.06
20129-53,881,941.04
201210-52,353,044.22
201211-53,492,003.11
201212-55,775,449.10
20131-57,076,702.52
20132-58,630,589.50
20133-59,482,955.98
20134-62,203,866.86
20135-61,508,567.56
20136-63,510,349.85
20137-63,670,731.44
20138-64,429,984.12
20139-65,794,321.18
201310-68,333,978.06
201311-69,373,790.01
201312-70,045,194.86
20141-69,954,110.97
20142-71,858,450.26
20143-72,003,405.98
20144-73,106,523.19
20145-75,443,240.02
20146-76,571,736.58
20147-76,244,812.93
20148-77,600,471.48
20149-75,546,710.06
201410-79,857,142.61
201411-80,363,347.21
201412-79,471,277.43
20151-81,718,246.80
20152-81,763,488.84
20153-82,481,707.23
20154-83,289,123.90
20155-82,926,399.71
20156-82,860,365.34
20157-80,851,500.71
20158-77,207,446.37
20159-80,540,583.96
201510-82,902,412.37
201511-81,988,023.76
201512-76,724,702.75
20161-76,302,786.64
20162-81,157,725.05
20163-83,455,511.46
20164-83,201,501.90
20165-84,088,837.78
20166-86,861,615.85
20167-87,903,309.85
20168-87,517,703.31
20169-87,074,880.41
201610-88,120,789.54
201611-91,598,004.02
201612-92,914,848.74
20171-95,308,748.99
20172-96,975,943.85
20173-96,826,596.91
20174-98,465,264.42
20175-100,214,428.89
20176-101,204,431.29
20177-101,455,221.19
20178-103,132,542.88
20179-105,953,010.76
201710-107,637,206.91
201711-110,740,911.02
201712-116,125,021.45
20181-112,772,856.22
20182-112,845,682.93
20183-110,967,962.48
20184-113,144,733.47
20185-115,535,447.47
20186-117,361,764.79
20187-120,238,072.70
20188-122,257,769.00
20189-117,552,084.40
201810-115,111,575.80
201811-108,708,480.39
201812-110,595,264.34
20191-117,041,754.52
20192-119,321,753.60
20193-123,764,364.54
20194-121,868,556.18
20195-123,580,503.72
20196-128,310,354.48
20197-124,288,576.74
20198-128,123,162.02
20199-128,135,721.62
201910-133,816,865.14
201911-137,121,231.59
201912-141,709,853.05
20201-141,882,847.93
20202-115,041,863.75
20203-120,010,078.18
20204-127,075,509.94
20205-135,345,929.59
20206-140,051,142.71
20207-148,305,063.61
20208-147,375,186.95
20209-149,918,884.69
202010-155,846,852.18
202011-162,486,053.47
202012-167,028,025.73
20211-171,189,576.69
20212-172,595,655.40
20213-182,988,478.82
20214-184,379,614.91
20215-187,717,665.49
20216-193,477,221.66
20217-197,705,012.11
20218-197,537,953.69
20219-198,431,173.04
202110-207,846,224.34
202111-208,397,855.78
202112-204,121,629.95
20221-198,196,857.04
20222-196,427,784.39
20223-196,660,162.06
20224-181,177,637.91
20225-175,073,065.99
20226-175,886,604.85
20227-187,226,707.01
20228-173,601,462.88
20229-168,235,137.62
202210-177,126,523.11
202211-177,145,719.12
202212-179,584,052.54
Click to show 858 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 2022
Start Value
Average monthly close
$16.88
End Value
Average monthly close
$4,573.82
Change in price+26,996.06%
+8.09% / yr
Change incl. dividends+228,508.39%
+11.18% / yr
Change incl. dividends, inflation-adjusted+18,725.74%
+7.44% / yr
Final amount, nominal
($100000 base)
$228,608,394.07
Final amount, inflation-adjusted
($100000 base)
$18,825,738.87