S&P 500: $9600 in 1956 → $9,388,164.13 in 2024

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Stock market returns between 1956 and 2024

If you invested $9600 in the S&P 500 at the beginning of 1956, you would have about $9,388,164.13 at the end of 2024, assuming you reinvested all dividends. This is a return on investment of 97,693.38%, or 10.52% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 8,384.37% cumulatively, or 6.66% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $8,777,217.91.

The graph below shows the performance of $9600 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 $9600 is $9,378,564.13, or 97,693.38%. This means by 2024 you would have $9,388,164.13 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 1956 was 27.200 and the CPI in 2024 was 313.515.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 68 years.

Adjusted for inflation, the $9,388,164.13 nominal end value of the original $9600 investment would have a real return of roughly $804,899.13 in 1956 dollars. This means the inflation-adjusted return is 8,384.37% as opposed to the original 97,693.38%.

For more information on inflation, see our U.S. inflation calculator for 1956.

Full monthly data

The table below shows the full dataset pertaining to a $9600 investment, including gains and losses over the 826-month period between 1956 and 2024.

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

YearMonthReturn (%)Amount ($)CPI
195610.95%9,691.1426.80
195627.21%10,389.5026.80
195631.48%10,543.5526.80
19564-2.84%10,244.2726.90
19565-0.26%10,217.4327.00
195665.75%10,804.8227.20
19567-0.28%10,774.0527.40
19568-3.09%10,441.2627.30
19569-0.95%10,341.6927.40
195610-0.71%10,268.0127.50
1956111.81%10,453.7527.50
195612-1.86%10,259.0427.60
19571-4.00%9,849.1127.60
195721.62%10,008.7227.70
195732.64%10,273.3527.80
195744.16%10,700.7527.90
195751.95%10,909.8628.00
195762.32%11,163.2028.10
19577-5.21%10,582.1428.30
19578-3.74%10,186.4328.30
19579-5.90%9,585.7728.30
195710-1.80%9,413.1928.30
1957110.32%9,443.1228.40
1957122.33%9,663.0328.40
195810.70%9,730.8528.60
195822.42%9,966.2328.60
195830.90%10,055.5828.80
195843.56%10,413.3428.90
195852.74%10,698.1628.90
195863.07%11,026.6828.90
195874.05%11,473.7329.00
195882.94%11,811.4928.90
195894.36%12,326.3528.90
1958103.33%12,736.3628.90
1958112.16%13,011.7729.00
1958124.25%13,565.3828.90
19591-1.27%13,393.7829.00
195922.81%13,769.6328.90
195931.94%14,036.2728.90
195941.77%14,284.0729.00
19595-0.61%14,197.4729.00
195964.23%14,797.6829.10
19597-0.32%14,750.5529.20
19598-3.70%14,204.3029.20
195990.18%14,229.4029.30
1959100.67%14,324.6129.40
1959113.46%14,820.6929.40
195912-1.49%14,600.4929.40
19601-3.61%14,073.5229.30
19602-1.08%13,921.7929.40
196031.58%14,142.3529.40
19604-0.62%14,054.0229.50
196053.99%14,614.5129.50
19606-2.20%14,293.5629.60
196071.49%14,506.6629.60
19608-2.72%14,111.9729.60
19609-1.67%13,875.7429.60
1960103.54%14,367.0629.80
1960112.69%14,753.6229.80
1960125.43%15,554.2929.80
196114.37%16,234.6529.80
196123.40%16,786.1529.80
196132.92%17,276.1429.80
196141.26%17,494.4029.80
19615-1.08%17,305.4329.80
19616-0.03%17,300.5929.80
196173.84%17,964.7630.00
19618-0.54%17,867.4429.90
196191.34%18,107.4130.00
1961104.77%18,971.5030.00
1961111.16%19,192.1430.00
196112-3.49%18,522.8930.00
196211.91%18,876.5830.00
196220.34%18,940.9530.10
19623-2.94%18,383.1530.10
19624-7.19%17,062.3130.20
19625-11.41%15,115.0330.20
196262.72%15,525.7630.20
196273.02%15,995.1130.30
19628-0.59%15,900.2030.30
19629-2.86%15,446.0430.40
1962107.20%16,558.2930.40
1962114.62%17,323.9130.40
1962124.15%18,042.2830.40
196311.60%18,330.1530.40
19632-0.11%18,310.3030.40
196334.98%19,221.8230.50
196342.27%19,658.0730.50
196350.22%19,700.6630.50
19636-1.22%19,459.9430.60
196373.03%20,049.7930.70
196382.89%20,629.9630.70
196390.50%20,733.0830.70
196310-0.31%20,669.5230.80
1963112.39%21,164.2230.80
1963123.33%21,869.0330.90
196411.48%22,192.6730.90
196422.07%22,652.2930.90
196431.69%23,035.8130.90
196441.22%23,316.9330.90
19645-0.35%23,235.1730.90
196463.96%24,155.5231.00
19647-1.23%23,859.4631.10
196481.97%24,328.4031.00
196491.97%24,807.7231.10
1964100.94%25,040.1531.10
196411-1.49%24,666.9731.20
1964122.82%25,362.7731.20
196510.98%25,610.0831.20
196520.34%25,696.0231.20
196531.56%26,096.2731.30
196541.73%26,548.4131.40
19655-4.51%25,351.7831.40
196560.10%25,377.8731.60
196572.12%25,915.5231.60
196583.60%26,847.4731.60
196592.50%27,517.8131.60
1965101.08%27,813.8931.70
196511-0.21%27,755.0331.70
1965121.98%28,304.7131.80
19661-0.43%28,182.8831.80
19662-3.86%27,094.3632.00
196633.32%27,994.1532.10
19664-5.01%26,592.3232.30
19665-0.56%26,443.5332.30
196660.02%26,448.4032.40
19667-5.77%24,922.4732.50
19668-3.22%24,118.7632.70
19669-0.56%23,982.6332.70
1966105.32%25,257.5632.90
1966110.72%25,438.3532.90
1966124.13%26,489.0332.90
196713.73%27,477.0832.90
196722.63%28,200.7532.90
196731.99%28,762.6433.00
196742.06%29,354.4933.10
19675-0.99%29,063.3433.20
196761.99%29,642.4033.30
196771.85%30,191.2833.40
196781.65%30,690.6233.50
196790.10%30,720.5133.60
196710-2.88%29,835.2333.70
1967113.11%30,763.6233.80
196712-0.02%30,758.2433.90
19681-4.26%29,448.8734.10
19682-1.56%28,989.6934.20
196837.66%31,210.8134.30
196842.56%32,009.0834.40
196852.94%32,950.3734.50
196860.05%32,966.4934.70
19687-1.93%32,328.9534.90
196883.51%33,462.9435.00
196892.72%34,372.1935.10
1968101.79%34,985.9935.30
1968111.29%35,435.6735.40
196812-3.99%34,023.5135.50
19691-0.24%33,942.3535.60
19692-1.91%33,292.7635.80
196932.27%34,049.9236.10
196943.51%35,246.2636.30
19695-4.97%33,494.0636.40
19696-4.21%32,085.5236.60
19697-0.28%31,994.5236.80
196980.63%32,195.6237.00
196991.35%32,629.1037.10
1969101.00%32,954.5737.30
196911-5.03%31,297.7837.50
196912-0.59%31,113.4337.70
19701-3.20%30,119.0137.80
197022.01%30,725.0938.00
19703-2.75%29,880.8638.20
19704-11.20%26,534.4938.50
19705-0.27%26,462.8838.60
197060.52%26,601.1638.80
197073.26%27,467.2439.00
197086.32%29,203.5339.00
197092.49%29,930.5539.20
1970100.21%29,992.4339.40
1970117.16%32,139.4039.60
1970124.11%33,460.5439.80
197114.15%34,849.5139.80
197122.83%35,836.4039.90
197133.67%37,152.9840.00
19714-1.11%36,741.3740.10
19715-1.60%36,155.0340.30
19716-0.46%35,987.6440.60
19717-1.52%35,441.6740.70
197182.49%36,322.8940.80
19719-1.86%35,645.9540.80
197110-4.37%34,087.6840.90
1971117.16%36,529.5840.90
1971124.42%38,145.1241.10
197212.09%38,941.1941.10
197222.62%39,961.3041.30
197231.26%40,464.3741.40
19724-0.78%40,150.4241.50
197250.52%40,357.6341.60
19726-0.50%40,154.2841.70
197273.78%41,673.6041.90
19728-1.21%41,169.1542.00
197290.42%41,341.0142.10
1972105.25%43,513.1542.30
1972112.31%44,518.9642.40
1972120.99%44,959.4242.50
19731-3.33%43,464.4642.60
19732-1.35%42,879.7142.90
19733-1.63%42,179.3543.30
19734-2.57%41,095.4543.60
19735-1.99%40,277.7343.90
197361.21%40,765.1944.20
19737-1.64%40,098.5144.30
197382.00%40,898.5945.10
197394.24%42,630.7845.20
197310-6.85%39,709.3545.60
197311-6.81%37,007.0145.90
1973121.70%37,636.2946.20
19741-2.47%36,705.6046.60
197424.57%38,384.7547.20
19743-4.82%36,535.8947.80
19744-2.71%35,547.3548.00
197450.46%35,709.8848.60
19746-11.35%31,657.9449.00
19747-3.76%30,466.0949.40
19748-10.01%27,415.3450.00
197492.38%28,066.9950.60
1974103.74%29,117.6651.10
197411-6.09%27,343.8651.50
1974128.63%29,704.3951.90
1975110.81%32,914.7052.10
197524.97%34,551.7652.50
197531.49%35,065.5652.70
197546.71%37,419.3852.90
197552.89%38,502.5353.20
197560.43%38,668.8653.60
19757-7.00%35,963.4954.20
19758-0.85%35,656.8454.30
197594.97%37,429.4354.60
1975102.04%38,193.6354.90
197511-1.18%37,743.0855.30
1975129.55%41,345.7755.50
197614.18%43,073.2555.60
197620.80%43,418.8755.80
197631.10%43,894.5055.90
19764-0.38%43,726.2756.10
197650.90%44,120.0656.50
197662.67%45,296.0256.80
19767-0.56%45,042.0857.10
197682.44%46,140.1557.40
19769-3.11%44,706.0257.60
197610-0.37%44,542.1057.90
1976113.79%46,228.6958.00
197612-0.54%45,980.3358.20
19771-2.37%44,891.2458.50
19772-0.05%44,866.9259.10
19773-1.19%44,331.3559.50
197740.06%44,359.9560.00
197750.90%44,759.0860.30
197761.28%45,333.0960.70
19777-2.08%44,390.7961.00
19778-1.18%43,869.0561.20
19779-2.20%42,904.8761.40
1977100.98%43,325.8361.60
197711-0.08%43,291.1061.90
197712-3.39%41,823.3862.10
19781-0.97%41,416.8662.50
197820.27%41,526.8962.90
197834.83%43,532.6463.40
197845.50%45,928.8163.90
197850.67%46,238.1764.50
19786-0.06%46,209.3765.20
197877.33%49,595.6665.70
197880.40%49,793.8966.00
19789-2.77%48,412.8566.50
197810-5.44%45,780.3367.10
1978111.92%46,660.6167.40
1978124.19%48,613.5067.70
19791-1.06%48,099.6868.30
197922.34%49,225.7769.10
197932.43%50,422.4069.80
19794-1.89%49,467.8970.60
197952.42%50,663.8471.50
197961.42%51,383.7072.30
197975.01%53,960.2573.10
197981.54%54,791.4873.80
19799-3.35%52,954.5974.60
197910-0.32%52,783.8475.20
1979114.40%55,108.4475.90
1979123.31%56,933.8976.70
198014.40%59,436.6277.80
19802-8.78%54,219.3778.90
19803-1.16%53,589.3280.10
198045.04%56,288.1581.00
198056.86%60,151.0381.80
198064.97%63,140.2182.70
198073.50%65,353.0782.70
198082.84%67,206.3683.30
198093.32%69,440.8284.00
1980104.61%72,645.3084.80
198011-1.24%71,741.0285.50
1980120.01%71,748.1986.30
19811-3.07%69,545.3987.00
198124.14%72,426.8787.90
198131.29%73,363.9288.50
19814-1.62%72,177.4389.10
198150.86%72,796.4289.80
19816-2.02%71,328.6690.60
198170.80%71,901.1291.60
19818-8.30%65,931.3992.30
198191.73%67,070.1993.20
1981103.04%69,111.6393.40
1981111.18%69,926.7193.70
198112-4.80%66,567.3594.00
19821-1.91%65,293.3294.30
19822-2.74%63,501.3294.60
198235.47%66,974.4094.50
198240.57%67,355.9294.90
19825-5.27%63,805.8595.80
198260.24%63,961.4397.00
198270.79%64,469.2797.50
1982812.10%72,267.7297.70
198298.88%78,686.1097.90
1982104.50%82,226.9198.20
1982111.36%83,341.5098.00
1982123.93%86,613.2897.60
198312.13%88,458.1597.80
198323.87%91,877.6197.90
198334.20%95,734.0797.90
198344.42%99,969.3598.60
198351.75%101,722.3299.20
198360.71%102,442.6599.50
19837-2.41%99,976.6699.90
198383.31%103,289.72100.20
198390.65%103,958.97100.70
198310-1.14%102,772.35101.00
198311-0.13%102,640.67101.20
1983121.58%104,258.22101.30
19841-5.11%98,928.35101.90
198420.44%99,365.97102.40
198430.51%99,869.96102.60
19844-0.25%99,617.71103.10
19845-1.85%97,776.48103.40
19846-0.91%96,888.23103.70
198479.21%105,808.30104.10
198481.41%107,296.99104.50
19849-0.41%106,854.49105.00
1984101.29%108,228.54105.30
198411-0.71%107,462.76105.30
1984124.70%112,510.90105.30
198515.79%119,022.31105.50
19852-0.48%118,453.00106.00
198531.02%119,666.80106.40
198542.74%122,940.45106.90
198552.51%126,027.44107.30
198562.25%128,859.56107.60
19857-1.85%126,481.70107.80
19858-1.88%124,097.53108.00
198591.50%125,953.49108.30
1985106.42%134,040.35108.70
1985115.29%141,137.14109.00
1985120.75%142,198.10109.30
198615.70%150,299.48109.60
198626.18%159,592.15109.30
198632.74%163,967.25108.80
198640.49%164,773.69108.60
198653.13%169,936.45108.90
19866-1.80%166,870.94109.50
198672.28%170,677.03109.50
19868-2.46%166,484.80109.70
19869-0.09%166,335.17110.20
1986103.53%172,211.71110.30
1986111.71%175,154.70110.40
1986126.67%186,843.43110.50
198716.46%198,917.02111.20
198724.38%207,622.44111.60
19873-0.86%205,844.34112.10
198740.17%206,200.10112.70
198754.50%215,475.90113.10
198763.12%222,203.27113.50
198776.45%236,544.29113.80
19878-3.03%229,375.99114.40
19879-11.85%202,186.02115.00
198710-12.30%177,310.24115.30
198711-1.33%174,943.69115.40
1987124.25%182,372.75115.40
198813.33%188,443.14115.70
198823.23%194,533.74116.00
19883-0.89%192,810.12116.50
19884-2.19%188,590.92117.10
198856.00%199,902.98117.50
19886-0.31%199,289.44118.00
19887-1.72%195,864.68118.50
198881.93%199,639.32119.00
198893.80%207,228.84119.80
198810-2.02%203,042.31120.20
1988112.33%207,764.98120.30
1988123.51%215,063.05120.50
198913.30%222,159.81121.10
19892-0.16%221,800.67121.60
198933.56%229,707.42122.30
198944.12%239,160.57123.10
198953.39%247,274.39123.80
198962.80%254,198.51124.10
198974.69%266,122.33124.40
198980.46%267,334.61124.60
198990.29%268,099.88125.00
198910-1.81%263,237.75125.60
1989112.74%270,441.79125.90
198912-2.21%264,461.71126.10
19901-2.53%257,778.28127.40
199022.71%264,756.77128.00
199030.20%265,275.65128.70
199043.85%275,491.22128.90
199053.17%284,224.17129.20
199060.17%284,706.57129.90
19907-7.86%262,325.14130.40
19908-4.34%250,937.45131.60
19909-2.32%245,126.32132.70
1990102.98%252,440.43133.50
1990114.59%264,018.88133.80
199012-0.69%262,209.90133.80
1991111.61%292,644.01134.60
199123.04%301,553.91134.80
199132.26%308,365.49135.00
19914-0.18%307,813.89135.20
199150.35%308,882.04135.60
199160.78%311,292.82136.00
199172.68%319,632.15136.20
19918-0.30%318,663.34136.60
199190.18%319,242.18137.20
1991100.02%319,292.60137.40
1991110.94%322,278.44137.80
1991127.36%345,991.77137.90
19921-0.60%343,912.89138.10
19922-1.01%340,431.19138.60
199230.26%341,330.96139.30
199242.07%348,390.88139.50
19925-1.33%343,760.34139.70
199261.91%350,333.50140.20
199270.94%353,632.66140.50
199280.38%354,970.05140.90
19929-1.18%350,774.11141.30
1992102.76%360,444.61141.80
1992113.27%372,235.47142.00
1992120.14%372,767.37141.90
199311.72%379,194.81142.60
199322.15%387,348.07143.10
19933-1.34%382,150.85143.60
199340.72%384,920.39144.00
199350.87%388,250.65144.20
199360.06%388,487.50144.40
199371.76%395,334.46144.40
199381.35%400,691.13144.80
199391.24%405,667.34145.10
1993100.01%405,697.95145.70
1993110.89%409,297.22145.80
1993121.74%416,402.13145.80
19941-0.08%416,086.91146.20
19942-1.42%410,162.58146.70
19943-3.35%396,437.00147.20
199441.06%400,632.26147.40
199451.11%405,071.64147.50
19946-0.52%402,969.82148.00
199473.08%415,389.67148.40
199480.82%418,785.33149.00
19949-0.44%416,925.90149.40
199410-0.37%415,383.75149.50
199411-1.03%411,123.14149.70
1994122.45%421,200.48149.70
199513.82%437,286.52150.30
199522.56%448,473.06150.90
199533.22%462,893.94151.40
199543.35%478,390.52151.90
199553.18%493,595.79152.20
199563.55%511,106.00152.50
199570.51%513,728.61152.50
199583.72%532,827.32152.90
199590.91%537,689.73153.20
1995102.36%550,370.52153.70
1995113.39%569,023.34153.60
1995120.16%569,948.46153.50
199615.90%603,600.46154.40
19962-0.20%602,389.05154.90
199630.20%603,576.01155.70
199642.35%617,789.17156.30
199651.28%625,688.18156.60
19966-3.48%603,935.73156.70
199673.08%622,511.30157.00
199682.02%635,109.22157.30
199694.12%661,272.54157.80
1996105.05%694,680.57158.30
1996111.20%703,004.42158.60
1996123.26%725,905.07158.60
199714.36%757,562.98159.10
19972-0.62%752,838.17159.60
19973-3.41%727,202.17160.00
199749.22%794,234.44160.20
199755.34%836,621.34160.10
199765.74%884,609.31160.30
199770.35%887,685.89160.50
199781.19%898,267.18160.80
199791.65%913,047.05161.20
199710-1.15%902,528.35161.60
1997112.63%926,306.51161.50
1997120.24%928,502.67161.30
199816.40%987,946.89161.60
199825.31%1,040,435.24161.90
199833.41%1,075,869.09162.20
19984-0.22%1,073,482.19162.50
199850.12%1,074,732.34162.80
199864.47%1,122,747.79163.00
19987-6.97%1,044,480.96163.20
19988-4.90%993,317.58163.40
199891.29%1,006,139.89163.60
19981010.97%1,116,557.55164.00
1998114.10%1,162,382.24164.00
1998125.05%1,221,055.66163.90
19991-0.07%1,220,241.09164.30
199922.92%1,255,914.96164.50
199934.25%1,309,291.63165.00
19994-0.10%1,307,997.63166.20
19995-0.61%1,299,995.73166.20
199964.52%1,358,786.57166.20
19997-3.77%1,307,500.73166.70
19998-0.60%1,299,681.65167.10
19999-1.27%1,283,143.58167.90
1999107.11%1,374,323.12168.20
1999112.81%1,412,924.15168.30
199912-0.12%1,411,243.72168.30
20001-2.48%1,376,272.01168.80
200023.94%1,430,510.25169.80
200031.42%1,450,890.24171.20
20004-2.84%1,409,702.45171.30
200053.16%1,454,298.11171.50
200060.85%1,466,664.63172.40
200070.94%1,480,447.04172.80
20008-1.08%1,464,463.38172.80
20009-5.21%1,388,102.89173.70
200010-0.77%1,377,378.91174.00
200011-3.32%1,331,648.91174.10
2000120.46%1,337,708.02174.00
20011-2.14%1,309,131.13175.10
20012-9.08%1,190,263.29175.80
200130.45%1,195,603.93176.20
200146.88%1,277,853.50176.90
20015-2.39%1,247,330.02177.70
20016-2.66%1,214,148.21178.00
20017-2.05%1,189,308.69177.50
20018-11.25%1,055,543.28177.50
200193.18%1,089,152.11178.30
2001105.05%1,144,188.56177.70
2001111.47%1,160,962.93177.40
200112-0.30%1,157,506.87176.70
20021-3.35%1,118,698.33177.10
200224.95%1,174,020.99177.80
20023-3.51%1,132,760.82178.80
20024-2.82%1,100,812.76179.80
20025-5.92%1,035,634.09179.80
20026-10.76%924,215.41179.90
200271.14%934,740.29180.10
20028-4.76%890,267.87180.70
20029-1.37%878,097.53181.00
2002106.63%936,276.55181.30
200211-1.04%926,585.51181.30
200212-0.22%924,523.70180.90
20031-6.41%865,217.02181.70
200321.31%876,533.18183.10
200335.29%922,865.48184.20
200345.31%971,890.05183.80
200355.70%1,027,328.46183.50
200360.60%1,033,450.32183.70
20037-0.17%1,031,731.44183.90
200383.16%1,064,346.34184.60
200392.03%1,085,929.46185.20
2003101.21%1,099,075.57185.00
2003113.06%1,132,749.16184.50
2003124.93%1,188,649.90184.30
200411.09%1,201,566.51185.20
20042-1.57%1,182,759.63186.20
200430.97%1,194,210.36187.40
20044-2.56%1,163,587.78188.00
200452.86%1,196,839.36189.10
20046-2.24%1,170,044.76189.70
20047-1.39%1,153,809.57189.40
200482.78%1,185,915.76189.50
200490.10%1,187,132.45189.90
2004104.77%1,243,804.92190.90
2004112.73%1,277,729.05191.00
200412-1.35%1,260,489.65190.30
200511.68%1,281,681.09190.70
20052-0.26%1,278,405.26191.80
20053-2.41%1,247,609.52193.30
200541.34%1,264,275.97194.60
200552.18%1,291,846.01194.40
200561.81%1,315,199.88194.50
200570.31%1,319,277.24195.40
200580.28%1,322,967.13196.40
20059-2.62%1,288,249.57198.80
2005103.96%1,339,284.12199.20
2005112.14%1,368,000.13197.60
2005121.47%1,388,065.55196.80
20061-0.02%1,387,834.58198.30
200621.49%1,408,459.71198.70
200630.80%1,419,703.89199.80
20064-0.79%1,408,535.99201.50
20065-2.71%1,370,423.92202.50
200660.72%1,380,291.53202.90
200672.29%1,411,924.49203.50
200682.53%1,447,662.75203.90
200693.62%1,500,008.98202.90
2006102.00%1,530,033.80201.80
2006112.15%1,562,902.98201.50
2006120.69%1,573,731.19201.80
200711.60%1,598,848.69202.42
20072-2.47%1,559,294.92203.50
200734.18%1,624,477.50205.35
200743.39%1,679,575.76206.69
200750.34%1,685,368.65207.95
200760.57%1,695,053.11208.35
20077-4.20%1,623,842.10208.30
200783.07%1,673,771.08207.92
200792.99%1,723,844.16208.49
200710-4.81%1,640,990.87208.94
2007111.24%1,661,309.96210.18
200712-6.64%1,551,078.76210.04
20081-1.56%1,526,820.42211.08
20082-2.63%1,486,716.41211.69
200834.24%1,549,809.72213.53
200842.56%1,589,525.21214.82
20085-4.25%1,522,024.72216.63
20086-6.08%1,429,508.88218.82
200872.11%1,459,679.16219.96
20088-4.85%1,388,920.69219.09
20089-20.19%1,108,447.81218.78
200810-8.61%1,013,062.01216.57
200811-0.35%1,009,503.97212.43
200812-1.10%998,444.28210.23
20091-6.70%931,523.49211.14
20092-5.69%878,543.68212.19
2009312.32%986,795.64212.71
200946.66%1,052,514.47213.24
200952.87%1,082,709.64213.86
200961.28%1,096,542.80215.69
200978.12%1,185,590.24215.35
200983.65%1,228,868.36215.83
200992.40%1,258,399.39215.97
2009102.09%1,284,754.38216.18
2009112.23%1,313,351.18216.33
2009121.36%1,331,172.93215.95
20101-2.90%1,292,589.24216.69
201025.94%1,369,408.28216.74
201034.09%1,425,388.73217.63
20104-5.88%1,341,541.72218.01
20105-3.54%1,294,003.32218.18
20106-0.16%1,291,944.91217.97
201070.86%1,303,102.30218.01
201083.37%1,347,031.89218.31
201094.58%1,408,691.42218.44
2010102.49%1,443,780.72218.71
2010113.71%1,497,398.93218.80
2010123.46%1,549,241.77219.18
201113.15%1,598,056.27220.22
20112-1.11%1,580,278.52221.31
201132.22%1,615,376.23223.47
201140.66%1,626,025.36224.91
20115-3.66%1,566,470.55225.96
201163.10%1,615,058.33225.72
20117-10.40%1,447,081.81225.92
20118-0.79%1,435,660.79226.55
201193.02%1,479,002.04226.89
2011101.77%1,505,137.82226.42
2011111.55%1,528,538.96226.23
2011124.78%1,601,642.22225.67
201214.16%1,668,312.32226.67
201222.88%1,716,423.74227.66
20123-0.04%1,715,767.88229.39
20124-3.09%1,662,734.32230.09
20125-1.15%1,643,572.78229.82
201262.92%1,691,582.97229.48
201273.39%1,748,888.74229.10
201283.02%1,801,725.57230.38
20129-0.22%1,797,813.40231.41
201210-2.84%1,746,800.56231.32
2012112.18%1,784,802.82230.22
2012124.27%1,860,991.79229.60
201312.33%1,904,409.14230.28
201322.72%1,956,255.80232.17
201331.45%1,984,695.68232.77
201344.57%2,075,481.01232.53
20135-1.12%2,052,281.80232.95
201363.25%2,119,072.85233.50
201370.25%2,124,424.10233.60
201381.19%2,149,757.17233.88
201392.12%2,195,279.35234.15
2013103.86%2,280,017.00233.55
2013111.52%2,314,711.15233.07
2013120.97%2,337,113.10233.05
20141-0.13%2,334,074.01233.92
201422.72%2,397,613.79234.78
201430.20%2,402,450.35236.29
201441.53%2,439,256.73237.07
201453.20%2,517,223.13237.90
201461.50%2,554,876.30238.34
20147-0.43%2,543,968.24238.25
201481.78%2,589,200.85237.85
20149-2.65%2,520,675.48238.03
2014105.71%2,664,496.46237.43
2014110.63%2,681,386.38236.15
201412-1.11%2,651,621.77234.81
201512.83%2,726,593.67233.71
201520.06%2,728,103.20234.72
201530.88%2,752,067.13236.12
201540.98%2,779,007.22236.60
20155-0.44%2,766,904.64237.81
20156-0.08%2,764,701.35238.64
20157-2.42%2,697,674.00238.65
20158-4.51%2,576,087.26238.32
201594.32%2,687,300.02237.95
2015102.93%2,766,104.29237.84
201511-1.10%2,735,594.99237.34
201512-6.42%2,559,980.14236.53
20161-0.55%2,545,902.58236.92
201626.36%2,707,891.42237.11
201632.83%2,784,558.87238.13
20164-0.30%2,776,083.64239.26
201651.07%2,805,690.30240.23
201663.30%2,898,206.23241.02
201671.20%2,932,963.17240.63
20168-0.44%2,920,097.10240.85
20169-0.51%2,905,321.97241.43
2016101.20%2,940,219.55241.73
2016113.95%3,056,239.55241.35
2016121.44%3,100,177.11241.43
201712.58%3,180,051.48242.84
201721.75%3,235,678.75243.60
20173-0.15%3,230,695.67243.80
201741.69%3,285,371.10244.52
201751.78%3,343,733.35244.73
201760.99%3,376,765.56244.96
201770.25%3,385,133.36244.79
201781.65%3,441,098.52245.52
201792.73%3,535,205.66246.82
2017101.59%3,591,400.19246.66
2017112.88%3,694,957.72246.67
2017124.86%3,874,602.80246.52
20181-2.89%3,762,755.17247.87
201820.06%3,765,185.09248.99
20183-1.66%3,702,533.47249.55
201841.96%3,775,163.15250.55
201852.11%3,854,931.20251.59
201861.58%3,915,867.72251.99
201872.45%4,011,838.00252.01
201881.68%4,079,226.76252.15
20189-3.85%3,922,217.88252.44
201810-2.08%3,840,788.39252.89
201811-5.56%3,627,144.07252.04
2018121.74%3,690,098.10251.23
201915.83%3,905,190.33251.71
201921.95%3,981,264.29252.78
201933.72%4,129,495.50254.20
20194-1.53%4,066,240.37255.55
201951.40%4,123,360.84256.09
201963.83%4,281,176.04256.14
20197-3.13%4,146,986.26256.57
201983.09%4,274,930.22256.56
201990.01%4,275,349.28256.76
2019104.43%4,464,905.10257.35
2019112.47%4,575,157.89257.21
2019123.35%4,728,260.86256.97
202010.12%4,734,032.97257.97
20202-18.92%3,838,462.40258.68
202034.32%4,004,230.78258.12
202045.89%4,239,974.48256.39
202056.51%4,515,923.54256.39
202063.48%4,672,916.69257.80
202075.89%4,948,315.26259.10
20208-0.63%4,917,289.19259.92
202091.73%5,002,161.67260.28
2020103.95%5,199,952.97260.39
2020114.26%5,421,475.15260.23
2020122.80%5,573,021.64260.47
202112.49%5,711,875.06261.58
202120.82%5,758,789.99263.01
202136.02%6,105,554.72264.88
202140.76%6,151,971.08267.05
202151.81%6,263,347.76269.20
202163.07%6,455,519.89271.70
202172.19%6,596,583.45273.00
20218-0.08%6,591,009.41273.57
202190.45%6,620,812.38274.31
2021104.74%6,934,952.98276.59
2021110.27%6,953,358.60277.95
202112-2.05%6,810,678.96278.80
20221-2.90%6,612,994.24281.15
20222-0.89%6,553,967.74283.72
202230.12%6,561,721.20287.50
20224-7.87%6,045,134.59289.11
20225-3.37%5,841,450.74292.30
202260.46%5,868,595.11296.31
202276.45%6,246,966.55296.28
20228-7.28%5,792,349.54296.17
20229-3.09%5,613,297.87296.81
2022105.29%5,909,965.96298.01
2022110.01%5,910,606.44297.71
2022121.38%5,991,963.36296.80
202313.15%6,180,528.75299.17
20232-2.59%6,020,735.69300.84
202334.00%6,261,337.61301.84
202340.74%6,307,527.20303.36
202354.94%6,619,256.97304.13
202363.88%6,875,822.15305.11
20237-1.00%6,807,226.42305.69
20238-0.95%6,742,314.26307.03
20239-3.04%6,537,529.10307.79
2023104.60%6,838,368.13307.67
2023115.18%7,192,270.57307.05
2023122.91%7,401,697.75306.75
202414.20%7,712,515.14308.42
202423.28%7,965,649.14310.33
20243-1.01%7,885,265.53312.33
202442.52%8,083,715.03313.55
202453.55%8,370,734.14314.07
202462.38%8,569,929.25314.18
20247-0.97%8,486,748.62314.54
202482.72%8,717,767.30314.80
202493.15%8,992,541.41315.30
2024104.40%9,388,164.13315.66
Click to show 810 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 $9,600.00 up-front. Instead, the capital is invested over a period of time.

Consider a strategy in which $9,600.00 was invested in the S&P 500 over a period of no more than 24 months beginning in 1956. This would result in a final amount of $8,777,217.91, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $9,388,164.13).

YearMonthContribution ($)Amount ($)
19561400.00402.54
19562400.00859.09
19563400.001,276.55
19564400.001,627.74
19565400.002,021.16
19566400.002,559.05
19567400.002,949.39
19568400.003,244.67
19569400.003,608.61
195610400.003,978.75
195611400.004,456.66
195612400.004,764.95
19571400.004,957.30
19572400.005,442.79
19573400.005,995.96
19574400.006,660.77
19575400.007,197.51
19576400.007,772.72
19577400.007,746.13
19578400.007,840.24
19579400.007,753.01
195710400.008,004.79
195711400.008,430.05
195712400.009,034.19
19581-9,097.60
19582-9,317.67
19583-9,401.20
19584-9,735.68
19585-10,001.97
19586-10,309.10
19587-10,727.06
19588-11,042.84
19589-11,524.20
195810-11,907.52
195811-12,165.02
195812-12,682.60
19591-12,522.16
19592-12,873.55
19593-13,122.84
19594-13,354.52
19595-13,273.55
19596-13,834.70
19597-13,790.64
19598-13,279.94
19599-13,303.41
195910-13,392.42
195911-13,856.22
195912-13,650.35
19601-13,157.67
19602-13,015.81
19603-13,222.02
19604-13,139.44
19605-13,663.45
19606-13,363.39
19607-13,562.62
19608-13,193.61
19609-12,972.76
196010-13,432.10
196011-13,793.51
196012-14,542.08
19611-15,178.16
19612-15,693.77
19613-16,151.88
19614-16,355.93
19615-16,179.26
19616-16,174.73
19617-16,795.68
19618-16,704.69
19619-16,929.05
196110-17,736.91
196111-17,943.19
196112-17,317.49
19621-17,648.17
19622-17,708.35
19623-17,186.85
19624-15,951.96
19625-14,131.40
19626-14,515.40
19627-14,954.21
19628-14,865.48
19629-14,440.87
196210-15,480.74
196211-16,196.53
196212-16,868.16
19631-17,137.29
19632-17,118.73
19633-17,970.93
19634-18,378.80
19635-18,418.61
19636-18,193.56
19637-18,745.03
19638-19,287.44
19639-19,383.85
196310-19,324.43
196311-19,786.93
196312-20,445.87
19641-20,748.45
19642-21,178.16
19643-21,536.73
19644-21,799.56
19645-21,723.11
19646-22,583.57
19647-22,306.77
19648-22,745.20
19649-23,193.32
196410-23,410.63
196411-23,061.74
196412-23,712.26
19651-23,943.47
19652-24,023.82
19653-24,398.02
19654-24,820.74
19655-23,701.98
19656-23,726.37
19657-24,229.03
19658-25,100.34
19659-25,727.05
196510-26,003.87
196511-25,948.84
196512-26,462.74
19661-26,348.84
19662-25,331.16
19663-26,172.40
19664-24,861.80
19665-24,722.69
19666-24,727.24
19667-23,300.61
19668-22,549.20
19669-22,421.93
196610-23,613.90
196611-23,782.92
196612-24,765.23
19671-25,688.97
19672-26,365.55
19673-26,890.88
19674-27,444.21
19675-27,172.01
19676-27,713.39
19677-28,226.54
19678-28,693.39
19679-28,721.34
196710-27,893.67
196711-28,761.64
196712-28,756.61
19681-27,532.45
19682-27,103.15
19683-29,179.72
19684-29,926.05
19685-30,806.09
19686-30,821.16
19687-30,225.10
19688-31,285.30
19689-32,135.38
196810-32,709.24
196811-33,129.65
196812-31,809.39
19691-31,733.51
19692-31,126.19
19693-31,834.08
19694-32,952.57
19695-31,314.39
19696-29,997.52
19697-29,912.44
19698-30,100.45
19699-30,505.73
196910-30,810.01
196911-29,261.04
196912-29,088.68
19701-28,158.98
19702-28,725.62
19703-27,936.32
19704-24,807.73
19705-24,740.78
19706-24,870.06
19707-25,679.78
19708-27,303.07
19709-27,982.78
197010-28,040.64
197011-30,047.89
197012-31,283.06
19711-32,581.64
19712-33,504.30
19713-34,735.20
19714-34,350.38
19715-33,802.20
19716-33,645.70
19717-33,135.26
19718-33,959.14
19719-33,326.25
197110-31,869.38
197111-34,152.38
197112-35,662.78
19721-36,407.05
19722-37,360.77
19723-37,831.11
19724-37,537.58
19725-37,731.31
19726-37,541.20
19727-38,961.64
19728-38,490.02
19729-38,650.69
197210-40,681.48
197211-41,621.84
197212-42,033.63
19731-40,635.96
19732-40,089.26
19733-39,434.48
19734-38,421.11
19735-37,656.61
19736-38,112.35
19737-37,489.05
19738-38,237.06
19739-39,856.53
197310-37,125.21
197311-34,598.74
197312-35,187.06
19741-34,316.94
19742-35,886.81
19743-34,158.28
19744-33,234.06
19745-33,386.02
19746-29,597.76
19747-28,483.47
19748-25,631.26
19749-26,240.49
197410-27,222.79
197411-25,564.42
197412-27,771.34
19751-30,772.74
19752-32,303.27
19753-32,783.63
19754-34,984.27
19755-35,996.93
19756-36,152.44
19757-33,623.12
19758-33,336.43
19759-34,993.67
197510-35,708.13
197511-35,286.91
197512-38,655.14
19761-40,270.21
19762-40,593.34
19763-41,038.02
19764-40,880.73
19765-41,248.89
19766-42,348.32
19767-42,110.91
19768-43,137.52
19769-41,796.72
197610-41,643.47
197611-43,220.30
197612-42,988.10
19771-41,969.89
19772-41,947.15
19773-41,446.44
19774-41,473.17
19775-41,846.33
19776-42,382.99
19777-41,502.00
19778-41,014.22
19779-40,112.78
197710-40,506.35
197711-40,473.88
197712-39,101.67
19781-38,721.61
19782-38,824.48
19783-40,699.70
19784-42,939.94
19785-43,229.17
19786-43,202.24
19787-46,368.16
19788-46,553.49
19789-45,262.33
197810-42,801.12
197811-43,624.11
197812-45,449.92
19791-44,969.53
19792-46,022.34
19793-47,141.10
19794-46,248.71
19795-47,366.83
19796-48,039.84
19797-50,448.72
19798-51,225.86
19799-49,508.50
197910-49,348.87
197911-51,522.19
197912-53,228.84
19801-55,568.71
19802-50,690.98
19803-50,101.93
19804-52,625.13
19805-56,236.63
19806-59,031.28
19807-61,100.14
19808-62,832.82
19809-64,921.87
198010-67,917.82
198011-67,072.39
198012-67,079.09
19811-65,019.64
19812-67,713.60
19813-68,589.68
19814-67,480.40
19815-68,059.10
19816-66,686.86
19817-67,222.06
19818-61,640.83
19819-62,705.52
198110-64,614.11
198111-65,376.14
198112-62,235.40
19821-61,044.28
19822-59,368.89
19823-62,615.96
19824-62,972.65
19825-59,653.60
19826-59,799.07
19827-60,273.86
19828-67,564.81
19829-73,565.51
198210-76,875.90
198211-77,917.95
198212-80,976.81
19831-82,701.63
19832-85,898.56
19833-89,504.05
19834-93,463.72
19835-95,102.61
19836-95,776.07
19837-93,470.56
19838-96,568.02
19839-97,193.71
198310-96,084.32
198311-95,961.21
198312-97,473.49
19841-92,490.47
19842-92,899.61
19843-93,370.80
19844-93,134.97
19845-91,413.55
19846-90,583.11
19847-98,922.70
19848-100,314.51
19849-99,900.81
198410-101,185.43
198411-100,469.49
198412-105,189.11
19851-111,276.79
19852-110,744.53
19853-111,879.34
19854-114,939.95
19855-117,826.06
19856-120,473.87
19857-118,250.75
19858-116,021.73
19859-117,756.91
198510-125,317.51
198511-131,952.46
198512-132,944.39
19861-140,518.56
19862-149,206.50
19863-153,296.89
19864-154,050.85
19865-158,877.63
19866-156,011.61
19867-159,570.01
19868-155,650.59
19869-155,510.71
198610-161,004.82
198611-163,756.30
198612-174,684.36
19871-185,972.25
19872-194,111.16
19873-192,448.77
19874-192,781.38
19875-201,453.54
19876-207,743.12
19877-221,150.88
19878-214,449.07
19879-189,028.52
198710-165,771.56
198711-163,559.02
198712-170,504.62
19881-176,179.98
19882-181,874.22
19883-180,262.77
19884-176,318.14
19885-186,894.05
19886-186,320.44
19887-183,118.55
19888-186,647.55
19889-193,743.17
198810-189,829.08
198811-194,244.42
198812-201,067.56
19891-207,702.49
19892-207,366.72
19893-214,758.93
19894-223,596.91
19895-231,182.71
19896-237,656.23
19897-248,804.09
19898-249,937.49
19899-250,652.95
198910-246,107.23
198911-252,842.46
198912-247,251.55
19901-241,003.04
19902-247,527.40
19903-248,012.52
19904-257,563.29
19905-265,727.94
19906-266,178.94
19907-245,254.01
19908-234,607.39
19909-229,174.42
199010-236,012.56
199011-246,837.53
199012-245,146.27
19911-273,599.84
19912-281,929.92
19913-288,298.23
19914-287,782.53
19915-288,781.17
19916-291,035.06
19917-298,831.70
19918-297,925.94
19919-298,467.11
199110-298,514.25
199111-301,305.78
199112-323,475.93
19921-321,532.34
19922-318,277.22
19923-319,118.44
19924-325,718.92
19925-321,389.72
19926-327,535.12
19927-330,619.58
19928-331,869.94
19929-327,947.06
199210-336,988.24
199211-348,011.80
199212-348,509.08
19931-354,518.24
19932-362,140.93
19933-357,281.92
19934-359,871.23
19935-362,984.77
19936-363,206.20
19937-369,607.59
19938-374,615.67
19939-379,268.04
199310-379,296.66
199311-382,661.70
199312-389,304.25
19941-389,009.54
19942-383,470.76
19943-370,638.38
19944-374,560.63
19945-378,711.11
19946-376,746.07
19947-388,357.68
19948-391,532.37
19949-389,793.94
199410-388,352.15
199411-384,368.80
199412-393,790.35
19951-408,829.57
19952-419,288.13
19953-432,770.56
19954-447,258.68
19955-461,474.45
19956-477,845.16
19957-480,297.10
19958-498,152.93
19959-502,698.91
199510-514,554.49
199511-531,993.45
199512-532,858.37
19961-564,320.42
19962-563,187.85
19963-564,297.56
19964-577,585.79
19965-584,970.76
19966-564,633.87
19967-582,000.62
19968-593,778.72
19969-618,239.42
199610-649,473.38
199611-657,255.55
199612-678,665.91
19971-708,263.64
19972-703,846.31
19973-679,878.61
19974-742,548.67
19975-782,177.19
19976-827,042.28
19977-829,918.65
19978-839,811.35
19979-853,629.40
199710-843,795.22
199711-866,025.99
199712-868,079.23
19981-923,655.04
19982-972,727.65
19983-1,005,855.60
19984-1,003,624.03
19985-1,004,792.82
19986-1,049,683.61
19987-976,510.09
19988-928,676.23
19989-940,664.11
199810-1,043,896.21
199811-1,086,738.80
199812-1,141,593.98
19991-1,140,832.42
19992-1,174,184.77
19993-1,224,087.88
19994-1,222,878.09
19995-1,215,396.92
19996-1,270,361.88
19997-1,222,413.52
19998-1,215,103.29
19999-1,199,641.45
199910-1,284,887.37
199911-1,320,976.39
199912-1,319,405.32
20001-1,286,709.44
20002-1,337,418.06
20003-1,356,471.79
20004-1,317,964.35
20005-1,359,657.89
20006-1,371,219.64
20007-1,384,105.14
20008-1,369,161.64
20009-1,297,770.41
200010-1,287,744.30
200011-1,244,990.24
200012-1,250,655.04
20011-1,223,937.83
20012-1,112,805.46
20013-1,117,798.55
20014-1,194,695.63
20015-1,166,158.50
20016-1,135,136.04
20017-1,111,912.98
20018-986,852.52
20019-1,018,274.21
200110-1,069,729.10
200111-1,085,411.85
200112-1,082,180.70
20021-1,045,897.68
20022-1,097,620.15
20023-1,059,045.03
20024-1,029,176.03
20025-968,238.94
20026-864,070.96
20027-873,910.93
20028-832,332.60
20029-820,954.26
200210-875,347.21
200211-866,286.83
200212-864,359.19
20031-808,911.97
20032-819,491.71
20033-862,808.89
20034-908,643.12
20035-960,473.81
20036-966,197.28
20037-964,590.26
20038-995,082.70
20039-1,015,261.28
200310-1,027,551.89
200311-1,059,034.13
200312-1,111,297.06
20041-1,123,373.10
20042-1,105,790.10
20043-1,116,495.67
20044-1,087,865.89
20045-1,118,953.58
20046-1,093,902.68
20047-1,078,724.01
20048-1,108,740.85
20049-1,109,878.36
200410-1,162,862.80
200411-1,194,579.27
200412-1,178,461.75
20051-1,198,274.13
20052-1,195,211.49
20053-1,166,419.82
20054-1,182,001.67
20055-1,207,777.55
20056-1,229,611.65
20057-1,233,423.67
20058-1,236,873.44
20059-1,204,415.16
200510-1,252,128.58
200511-1,278,975.85
200512-1,297,735.49
20061-1,297,519.55
20062-1,316,802.48
20063-1,327,314.93
20064-1,316,873.79
20065-1,281,241.92
20066-1,290,467.38
20067-1,320,041.78
20068-1,353,454.33
20069-1,402,394.06
200610-1,430,464.99
200611-1,461,195.17
200612-1,471,318.71
20071-1,494,801.67
20072-1,457,821.90
20073-1,518,762.65
20074-1,570,275.33
20075-1,575,691.23
20076-1,584,745.46
20077-1,518,168.60
20078-1,564,848.38
20079-1,611,662.90
200710-1,534,201.39
200711-1,553,198.19
200712-1,450,140.42
20081-1,427,460.72
20082-1,389,966.53
20083-1,448,953.96
20084-1,486,084.92
20085-1,422,977.10
20086-1,336,481.85
20087-1,364,688.76
20088-1,298,534.98
20089-1,036,314.21
200810-947,135.77
200811-943,809.27
200812-933,469.30
20091-870,903.46
20092-821,371.38
20093-922,578.71
20094-984,020.81
20095-1,012,251.00
20096-1,025,183.94
20097-1,108,436.52
20098-1,148,898.25
20099-1,176,507.52
200910-1,201,147.42
200911-1,227,883.25
200912-1,244,545.23
20101-1,208,472.42
20102-1,280,292.37
20103-1,332,629.83
20104-1,254,239.25
20105-1,209,794.48
20106-1,207,870.03
20107-1,218,301.33
20108-1,259,372.15
20109-1,317,019.11
201010-1,349,824.93
201011-1,399,953.87
201012-1,448,422.98
20111-1,494,060.81
20112-1,477,439.97
20113-1,510,253.66
20114-1,520,209.78
20115-1,464,530.57
20116-1,509,956.44
20117-1,352,911.20
20118-1,342,233.42
20119-1,382,754.18
201110-1,407,189.14
201111-1,429,067.43
201112-1,497,413.41
20121-1,559,744.87
20122-1,604,725.37
20123-1,604,112.20
20124-1,554,529.86
20125-1,536,615.28
20126-1,581,501.15
20127-1,635,077.68
20128-1,684,476.09
20129-1,680,818.51
201210-1,633,125.38
201211-1,668,654.60
201212-1,739,885.48
20131-1,780,477.39
20132-1,828,950.07
20133-1,855,539.19
20134-1,940,416.56
20135-1,918,727.07
20136-1,981,171.60
20137-1,986,174.62
20138-2,009,859.10
20139-2,052,418.87
201310-2,131,642.12
201311-2,164,078.50
201312-2,185,022.62
20141-2,182,181.30
20142-2,241,586.15
20143-2,246,107.97
20144-2,280,519.13
20145-2,353,411.77
20146-2,388,614.62
20147-2,378,416.41
20148-2,420,705.45
20149-2,356,639.46
201410-2,491,101.11
201411-2,506,891.89
201412-2,479,064.25
20151-2,549,157.27
20152-2,550,568.57
20153-2,572,973.01
20154-2,598,159.94
20155-2,586,844.95
20156-2,584,785.05
20157-2,522,119.58
20158-2,408,445.24
20159-2,512,420.70
201510-2,586,096.68
201511-2,557,572.81
201512-2,393,386.31
20161-2,380,224.86
20162-2,531,672.09
20163-2,603,350.31
20164-2,595,426.62
20165-2,623,106.59
20166-2,709,601.93
20167-2,742,097.02
20168-2,730,068.23
20169-2,716,254.60
201610-2,748,881.18
201611-2,857,351.04
201612-2,898,429.31
20171-2,973,105.76
20172-3,025,113.01
20173-3,020,454.22
20174-3,071,571.58
20175-3,126,135.83
20176-3,157,018.43
20177-3,164,841.69
20178-3,217,164.85
20179-3,305,147.84
201710-3,357,685.45
201711-3,454,503.85
201712-3,622,458.31
20181-3,517,889.30
20182-3,520,161.09
20183-3,461,586.60
20184-3,529,489.81
20185-3,604,066.86
20186-3,661,037.86
20187-3,750,762.76
20188-3,813,766.11
20189-3,666,974.78
201810-3,590,844.41
201811-3,391,103.25
201812-3,449,960.48
20191-3,651,055.31
20192-3,722,178.67
20193-3,860,763.56
20194-3,801,624.82
20195-3,855,028.12
20196-4,002,573.30
20197-3,877,116.08
20198-3,996,733.93
20199-3,997,125.72
201910-4,174,345.97
201911-4,277,423.92
201912-4,420,563.53
20201-4,425,960.01
20202-3,588,669.78
20203-3,743,650.59
20204-3,964,052.98
20205-4,222,044.32
20206-4,368,820.94
20207-4,626,297.62
20208-4,597,290.61
20209-4,676,639.91
202010-4,861,559.70
202011-5,068,666.06
202012-5,210,350.47
20211-5,340,167.84
20212-5,384,029.71
20213-5,708,228.32
20214-5,751,624.07
20215-5,855,752.78
20216-6,035,419.07
20217-6,167,302.75
20218-6,162,091.45
20219-6,189,954.95
202110-6,483,652.47
202111-6,500,860.32
202112-6,367,465.73
20221-6,182,645.59
20222-6,127,460.31
20223-6,134,709.21
20224-5,651,740.10
20225-5,461,311.22
20226-5,486,689.13
20227-5,840,437.59
20228-5,415,405.34
20229-5,248,005.68
202210-5,525,367.72
202211-5,525,966.53
202212-5,602,029.05
20231-5,778,323.31
20232-5,628,928.98
20233-5,853,873.44
20234-5,897,057.18
20235-6,188,500.76
20236-6,428,369.65
20237-6,364,237.87
20238-6,303,549.95
20239-6,112,091.44
202310-6,393,353.00
202311-6,724,224.80
202312-6,920,023.26
20241-7,210,613.82
20242-7,447,274.82
20243-7,372,122.28
20244-7,557,657.43
20245-7,825,998.42
20246-8,012,230.67
20247-7,934,463.12
20248-8,150,447.98
20249-8,407,340.82
202410-8,777,217.91
Click to show 810 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 1956 to 2024
Start Value
Average monthly close
$44.15
End Value
Average monthly close
$4,815.61
Change in price+10,807.39%
+7.14% / yr
Change incl. dividends+97,693.38%
+10.52% / yr
Change incl. dividends, inflation-adjusted+8,384.37%
+6.66% / yr
Final amount, nominal
($9600 base)
$9,388,164.13
Final amount, inflation-adjusted
($9600 base)
$814,499.13