S&P 500: $100 in 1962 → $45,973.81 in 2024

$

Stock market returns since 1962

If you invested $100 in the S&P 500 at the beginning of 1962, you would have about $45,973.81 at the end of 2024, assuming you reinvested all dividends. This is a return on investment of 45,873.81%, or 10.32% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 4,298.38% cumulatively, or 6.25% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $46,820.95.

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

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

Adjusting stock market return for inflation

The nominal return on investment of $100 is $45,873.81, or 45,873.81%. This means by 2024 you would have $45,973.81 in your pocket.

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

In the case of the returns described above, the CPI in 1962 was 30.200 and the CPI in 2024 was 315.664.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 62 years.

Adjusted for inflation, the $45,973.81 nominal end value of the original $100 investment would have a real return of roughly $4,298.38 in 1962 dollars. This means the inflation-adjusted return is 4,298.38% as opposed to the original 45,873.81%.

For more information on inflation, see our U.S. inflation calculator for 1962.

Full monthly data

The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 749-month period between 1962 and 2024.

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

YearMonthReturn (%)Amount ($)CPI
196211.91%101.9130.00
196220.34%102.2630.10
19623-2.94%99.2530.10
19624-7.19%92.1130.20
19625-11.41%81.6030.20
196262.72%83.8230.20
196273.02%86.3530.30
19628-0.59%85.8430.30
19629-2.86%83.3930.40
1962107.20%89.3930.40
1962114.62%93.5330.40
1962124.15%97.4130.40
196311.60%98.9630.40
19632-0.11%98.8530.40
196334.98%103.7730.50
196342.27%106.1330.50
196350.22%106.3630.50
19636-1.22%105.0630.60
196373.03%108.2430.70
196382.89%111.3830.70
196390.50%111.9330.70
196310-0.31%111.5930.80
1963112.39%114.2630.80
1963123.33%118.0630.90
196411.48%119.8130.90
196422.07%122.2930.90
196431.69%124.3630.90
196441.22%125.8830.90
19645-0.35%125.4430.90
196463.96%130.4131.00
19647-1.23%128.8131.10
196481.97%131.3431.00
196491.97%133.9331.10
1964100.94%135.1831.10
196411-1.49%133.1731.20
1964122.82%136.9331.20
196510.98%138.2631.20
196520.34%138.7331.20
196531.56%140.8931.30
196541.73%143.3331.40
19655-4.51%136.8731.40
196560.10%137.0131.60
196572.12%139.9131.60
196583.60%144.9431.60
196592.50%148.5631.60
1965101.08%150.1631.70
196511-0.21%149.8431.70
1965121.98%152.8131.80
19661-0.43%152.1531.80
19662-3.86%146.2832.00
196633.32%151.1332.10
19664-5.01%143.5632.30
19665-0.56%142.7632.30
196660.02%142.7932.40
19667-5.77%134.5532.50
19668-3.22%130.2132.70
19669-0.56%129.4832.70
1966105.32%136.3632.90
1966110.72%137.3332.90
1966124.13%143.0132.90
196713.73%148.3432.90
196722.63%152.2532.90
196731.99%155.2833.00
196742.06%158.4833.10
19675-0.99%156.9133.20
196761.99%160.0333.30
196771.85%162.9933.40
196781.65%165.6933.50
196790.10%165.8533.60
196710-2.88%161.0733.70
1967113.11%166.0833.80
196712-0.02%166.0633.90
19681-4.26%158.9934.10
19682-1.56%156.5134.20
196837.66%168.5034.30
196842.56%172.8134.40
196852.94%177.8934.50
196860.05%177.9834.70
19687-1.93%174.5434.90
196883.51%180.6635.00
196892.72%185.5735.10
1968101.79%188.8835.30
1968111.29%191.3135.40
196812-3.99%183.6835.50
19691-0.24%183.2535.60
19692-1.91%179.7435.80
196932.27%183.8336.10
196943.51%190.2836.30
19695-4.97%180.8336.40
19696-4.21%173.2236.60
19697-0.28%172.7336.80
196980.63%173.8237.00
196991.35%176.1637.10
1969101.00%177.9137.30
196911-5.03%168.9737.50
196912-0.59%167.9737.70
19701-3.20%162.6037.80
197022.01%165.8838.00
19703-2.75%161.3238.20
19704-11.20%143.2538.50
19705-0.27%142.8738.60
197060.52%143.6138.80
197073.26%148.2939.00
197086.32%157.6639.00
197092.49%161.5939.20
1970100.21%161.9239.40
1970117.16%173.5139.60
1970124.11%180.6439.80
197114.15%188.1439.80
197122.83%193.4739.90
197133.67%200.5840.00
19714-1.11%198.3640.10
19715-1.60%195.1940.30
19716-0.46%194.2940.60
19717-1.52%191.3440.70
197182.49%196.1040.80
19719-1.86%192.4440.80
197110-4.37%184.0340.90
1971117.16%197.2140.90
1971124.42%205.9441.10
197212.09%210.2341.10
197222.62%215.7441.30
197231.26%218.4641.40
19724-0.78%216.7641.50
197250.52%217.8841.60
19726-0.50%216.7841.70
197273.78%224.9841.90
19728-1.21%222.2642.00
197290.42%223.1942.10
1972105.25%234.9242.30
1972112.31%240.3542.40
1972120.99%242.7242.50
19731-3.33%234.6542.60
19732-1.35%231.5042.90
19733-1.63%227.7143.30
19734-2.57%221.8643.60
19735-1.99%217.4543.90
197361.21%220.0844.20
19737-1.64%216.4844.30
197382.00%220.8045.10
197394.24%230.1545.20
197310-6.85%214.3845.60
197311-6.81%199.7945.90
1973121.70%203.1946.20
19741-2.47%198.1646.60
197424.57%207.2347.20
19743-4.82%197.2547.80
19744-2.71%191.9148.00
197450.46%192.7948.60
19746-11.35%170.9149.00
19747-3.76%164.4849.40
19748-10.01%148.0150.00
197492.38%151.5350.60
1974103.74%157.2051.10
197411-6.09%147.6251.50
1974128.63%160.3751.90
1975110.81%177.7052.10
197524.97%186.5452.50
197531.49%189.3152.70
197546.71%202.0252.90
197552.89%207.8653.20
197560.43%208.7653.60
19757-7.00%194.1654.20
19758-0.85%192.5054.30
197594.97%202.0754.60
1975102.04%206.2054.90
197511-1.18%203.7655.30
1975129.55%223.2155.50
197614.18%232.5455.60
197620.80%234.4155.80
197631.10%236.9755.90
19764-0.38%236.0756.10
197650.90%238.1956.50
197662.67%244.5456.80
19767-0.56%243.1757.10
197682.44%249.1057.40
19769-3.11%241.3657.60
197610-0.37%240.4757.90
1976113.79%249.5858.00
197612-0.54%248.2458.20
19771-2.37%242.3658.50
19772-0.05%242.2259.10
19773-1.19%239.3359.50
197740.06%239.4960.00
197750.90%241.6460.30
197761.28%244.7460.70
19777-2.08%239.6561.00
19778-1.18%236.8461.20
19779-2.20%231.6361.40
1977100.98%233.9061.60
197711-0.08%233.7261.90
197712-3.39%225.7962.10
19781-0.97%223.6062.50
197820.27%224.1962.90
197834.83%235.0263.40
197845.50%247.9663.90
197850.67%249.6364.50
19786-0.06%249.4765.20
197877.33%267.7565.70
197880.40%268.8266.00
19789-2.77%261.3766.50
197810-5.44%247.1667.10
1978111.92%251.9167.40
1978124.19%262.4567.70
19791-1.06%259.6868.30
197922.34%265.7669.10
197932.43%272.2269.80
19794-1.89%267.0670.60
197952.42%273.5271.50
197961.42%277.4172.30
197975.01%291.3273.10
197981.54%295.8073.80
19799-3.35%285.8974.60
197910-0.32%284.9775.20
1979114.40%297.5275.90
1979123.31%307.3776.70
198014.40%320.8877.80
19802-8.78%292.7278.90
19803-1.16%289.3180.10
198045.04%303.8881.00
198056.86%324.7481.80
198064.97%340.8882.70
198073.50%352.8282.70
198082.84%362.8383.30
198093.32%374.8984.00
1980104.61%392.1984.80
198011-1.24%387.3185.50
1980120.01%387.3586.30
19811-3.07%375.4687.00
198124.14%391.0187.90
198131.29%396.0788.50
19814-1.62%389.6789.10
198150.86%393.0189.80
19816-2.02%385.0890.60
198170.80%388.1791.60
19818-8.30%355.9592.30
198191.73%362.0993.20
1981103.04%373.1193.40
1981111.18%377.5293.70
198112-4.80%359.3894.00
19821-1.91%352.5094.30
19822-2.74%342.8394.60
198235.47%361.5894.50
198240.57%363.6494.90
19825-5.27%344.4795.80
198260.24%345.3197.00
198270.79%348.0597.50
1982812.10%390.1597.70
198298.88%424.8097.90
1982104.50%443.9298.20
1982111.36%449.9498.00
1982123.93%467.6097.60
198312.13%477.5697.80
198323.87%496.0297.90
198334.20%516.8497.90
198344.42%539.7198.60
198351.75%549.1799.20
198360.71%553.0699.50
19837-2.41%539.7599.90
198383.31%557.63100.20
198390.65%561.25100.70
198310-1.14%554.84101.00
198311-0.13%554.13101.20
1983121.58%562.86101.30
19841-5.11%534.09101.90
198420.44%536.45102.40
198430.51%539.17102.60
19844-0.25%537.81103.10
19845-1.85%527.87103.40
19846-0.91%523.07103.70
198479.21%571.23104.10
198481.41%579.27104.50
19849-0.41%576.88105.00
1984101.29%584.30105.30
198411-0.71%580.16105.30
1984124.70%607.42105.30
198515.79%642.57105.50
19852-0.48%639.50106.00
198531.02%646.05106.40
198542.74%663.72106.90
198552.51%680.39107.30
198562.25%695.68107.60
19857-1.85%682.84107.80
19858-1.88%669.97108.00
198591.50%679.99108.30
1985106.42%723.65108.70
1985115.29%761.96109.00
1985120.75%767.69109.30
198615.70%811.43109.60
198626.18%861.59109.30
198632.74%885.21108.80
198640.49%889.57108.60
198653.13%917.44108.90
19866-1.80%900.89109.50
198672.28%921.44109.50
19868-2.46%898.81109.70
19869-0.09%898.00110.20
1986103.53%929.72110.30
1986111.71%945.61110.40
1986126.67%1,008.72110.50
198716.46%1,073.90111.20
198724.38%1,120.90111.60
19873-0.86%1,111.30112.10
198740.17%1,113.22112.70
198754.50%1,163.30113.10
198763.12%1,199.61113.50
198776.45%1,277.04113.80
19878-3.03%1,238.34114.40
19879-11.85%1,091.55115.00
198710-12.30%957.25115.30
198711-1.33%944.47115.40
1987124.25%984.58115.40
198813.33%1,017.35115.70
198823.23%1,050.23116.00
19883-0.89%1,040.93116.50
19884-2.19%1,018.15117.10
198856.00%1,079.22117.50
19886-0.31%1,075.91118.00
19887-1.72%1,057.42118.50
198881.93%1,077.80119.00
198893.80%1,118.77119.80
198810-2.02%1,096.17120.20
1988112.33%1,121.67120.30
1988123.51%1,161.07120.50
198913.30%1,199.38121.10
19892-0.16%1,197.44121.60
198933.56%1,240.13122.30
198944.12%1,291.16123.10
198953.39%1,334.97123.80
198962.80%1,372.35124.10
198974.69%1,436.72124.40
198980.46%1,443.27124.60
198990.29%1,447.40125.00
198910-1.81%1,421.15125.60
1989112.74%1,460.04125.90
198912-2.21%1,427.76126.10
19901-2.53%1,391.67127.40
199022.71%1,429.35128.00
199030.20%1,432.15128.70
199043.85%1,487.30128.90
199053.17%1,534.45129.20
199060.17%1,537.05129.90
19907-7.86%1,416.22130.40
19908-4.34%1,354.74131.60
19909-2.32%1,323.37132.70
1990102.98%1,362.86133.50
1990114.59%1,425.37133.80
199012-0.69%1,415.60133.80
1991111.61%1,579.90134.60
199123.04%1,628.01134.80
199132.26%1,664.78135.00
19914-0.18%1,661.80135.20
199150.35%1,667.57135.60
199160.78%1,680.58136.00
199172.68%1,725.61136.20
19918-0.30%1,720.38136.60
199190.18%1,723.50137.20
1991100.02%1,723.77137.40
1991110.94%1,739.89137.80
1991127.36%1,867.91137.90
19921-0.60%1,856.69138.10
19922-1.01%1,837.89138.60
199230.26%1,842.75139.30
199242.07%1,880.87139.50
19925-1.33%1,855.87139.70
199261.91%1,891.35140.20
199270.94%1,909.17140.50
199280.38%1,916.39140.90
19929-1.18%1,893.73141.30
1992102.76%1,945.94141.80
1992113.27%2,009.60142.00
1992120.14%2,012.47141.90
199311.72%2,047.17142.60
199322.15%2,091.19143.10
19933-1.34%2,063.13143.60
199340.72%2,078.08144.00
199350.87%2,096.06144.20
199360.06%2,097.34144.40
199371.76%2,134.30144.40
199381.35%2,163.22144.80
199391.24%2,190.09145.10
1993100.01%2,190.25145.70
1993110.89%2,209.68145.80
1993121.74%2,248.04145.80
19941-0.08%2,246.34146.20
19942-1.42%2,214.36146.70
19943-3.35%2,140.25147.20
199441.06%2,162.90147.40
199451.11%2,186.87147.50
19946-0.52%2,175.52148.00
199473.08%2,242.57148.40
199480.82%2,260.91149.00
19949-0.44%2,250.87149.40
199410-0.37%2,242.54149.50
199411-1.03%2,219.54149.70
1994122.45%2,273.95149.70
199513.82%2,360.79150.30
199522.56%2,421.18150.90
199533.22%2,499.04151.40
199543.35%2,582.70151.90
199553.18%2,664.79152.20
199563.55%2,759.32152.50
199570.51%2,773.48152.50
199583.72%2,876.59152.90
199590.91%2,902.84153.20
1995102.36%2,971.30153.70
1995113.39%3,072.00153.60
1995120.16%3,077.00153.50
199615.90%3,258.67154.40
19962-0.20%3,252.13154.90
199630.20%3,258.54155.70
199642.35%3,335.27156.30
199651.28%3,377.92156.60
19966-3.48%3,260.48156.70
199673.08%3,360.77157.00
199682.02%3,428.78157.30
199694.12%3,570.03157.80
1996105.05%3,750.39158.30
1996111.20%3,795.33158.60
1996123.26%3,918.96158.60
199714.36%4,089.87159.10
19972-0.62%4,064.37159.60
19973-3.41%3,925.96160.00
199749.22%4,287.85160.20
199755.34%4,516.69160.10
199765.74%4,775.76160.30
199770.35%4,792.37160.50
199781.19%4,849.50160.80
199791.65%4,929.29161.20
199710-1.15%4,872.50161.60
1997112.63%5,000.87161.50
1997120.24%5,012.73161.30
199816.40%5,333.65161.60
199825.31%5,617.02161.90
199833.41%5,808.32162.20
19984-0.22%5,795.44162.50
199850.12%5,802.18162.80
199864.47%6,061.41163.00
19987-6.97%5,638.87163.20
19988-4.90%5,362.65163.40
199891.29%5,431.87163.60
19981010.97%6,027.99164.00
1998114.10%6,275.38164.00
1998125.05%6,592.14163.90
19991-0.07%6,587.75164.30
199922.92%6,780.34164.50
199934.25%7,068.51165.00
19994-0.10%7,061.52166.20
19995-0.61%7,018.32166.20
199964.52%7,335.72166.20
19997-3.77%7,058.84166.70
19998-0.60%7,016.62167.10
19999-1.27%6,927.34167.90
1999107.11%7,419.59168.20
1999112.81%7,627.99168.30
199912-0.12%7,618.92168.30
20001-2.48%7,430.11168.80
200023.94%7,722.93169.80
200031.42%7,832.96171.20
20004-2.84%7,610.60171.30
200053.16%7,851.36171.50
200060.85%7,918.12172.40
200070.94%7,992.53172.80
20008-1.08%7,906.24172.80
20009-5.21%7,493.99173.70
200010-0.77%7,436.09174.00
200011-3.32%7,189.21174.10
2000120.46%7,221.92174.00
20011-2.14%7,067.64175.10
20012-9.08%6,425.90175.80
200130.45%6,454.74176.20
200146.88%6,898.78176.90
20015-2.39%6,733.99177.70
20016-2.66%6,554.85178.00
20017-2.05%6,420.75177.50
20018-11.25%5,698.59177.50
200193.18%5,880.03178.30
2001105.05%6,177.16177.70
2001111.47%6,267.72177.40
200112-0.30%6,249.06176.70
20021-3.35%6,039.55177.10
200224.95%6,338.22177.80
20023-3.51%6,115.46178.80
20024-2.82%5,942.99179.80
20025-5.92%5,591.10179.80
20026-10.76%4,989.59179.90
200271.14%5,046.41180.10
20028-4.76%4,806.31180.70
20029-1.37%4,740.61181.00
2002106.63%5,054.70181.30
200211-1.04%5,002.38181.30
200212-0.22%4,991.25180.90
20031-6.41%4,671.07181.70
200321.31%4,732.16183.10
200335.29%4,982.30184.20
200345.31%5,246.97183.80
200355.70%5,546.26183.50
200360.60%5,579.31183.70
20037-0.17%5,570.03183.90
200383.16%5,746.11184.60
200392.03%5,862.64185.20
2003101.21%5,933.61185.00
2003113.06%6,115.40184.50
2003124.93%6,417.19184.30
200411.09%6,486.93185.20
20042-1.57%6,385.39186.20
200430.97%6,447.21187.40
20044-2.56%6,281.89188.00
200452.86%6,461.41189.10
20046-2.24%6,316.75189.70
20047-1.39%6,229.10189.40
200482.78%6,402.43189.50
200490.10%6,409.00189.90
2004104.77%6,714.96190.90
2004112.73%6,898.11191.00
200412-1.35%6,805.04190.30
200511.68%6,919.44190.70
20052-0.26%6,901.76191.80
20053-2.41%6,735.50193.30
200541.34%6,825.48194.60
200552.18%6,974.32194.40
200561.81%7,100.40194.50
200570.31%7,122.42195.40
200580.28%7,142.34196.40
20059-2.62%6,954.91198.80
2005103.96%7,230.43199.20
2005112.14%7,385.46197.60
2005121.47%7,493.78196.80
20061-0.02%7,492.54198.30
200621.49%7,603.89198.70
200630.80%7,664.59199.80
20064-0.79%7,604.30201.50
20065-2.71%7,398.54202.50
200660.72%7,451.82202.90
200672.29%7,622.59203.50
200682.53%7,815.53203.90
200693.62%8,098.14202.90
2006102.00%8,260.23201.80
2006112.15%8,437.68201.50
2006120.69%8,496.14201.80
200711.60%8,631.75202.42
20072-2.47%8,418.21203.50
200734.18%8,770.11205.35
200743.39%9,067.57206.69
200750.34%9,098.84207.95
200760.57%9,151.13208.35
20077-4.20%8,766.68208.30
200783.07%9,036.23207.92
200792.99%9,306.56208.49
200710-4.81%8,859.26208.94
2007111.24%8,968.96210.18
200712-6.64%8,373.85210.04
20081-1.56%8,242.88211.08
20082-2.63%8,026.37211.69
200834.24%8,367.00213.53
200842.56%8,581.41214.82
20085-4.25%8,216.99216.63
20086-6.08%7,717.53218.82
200872.11%7,880.41219.96
20088-4.85%7,498.40219.09
20089-20.19%5,984.21218.78
200810-8.61%5,469.24216.57
200811-0.35%5,450.03212.43
200812-1.10%5,390.33210.23
20091-6.70%5,029.04211.14
20092-5.69%4,743.02212.19
2009312.32%5,327.44212.71
200946.66%5,682.24213.24
200952.87%5,845.25213.86
200961.28%5,919.93215.69
200978.12%6,400.68215.35
200983.65%6,634.32215.83
200992.40%6,793.75215.97
2009102.09%6,936.04216.18
2009112.23%7,090.42216.33
2009121.36%7,186.64215.95
20101-2.90%6,978.33216.69
201025.94%7,393.06216.74
201034.09%7,695.28217.63
20104-5.88%7,242.62218.01
20105-3.54%6,985.97218.18
20106-0.16%6,974.86217.97
201070.86%7,035.09218.01
201083.37%7,272.26218.31
201094.58%7,605.14218.44
2010102.49%7,794.58218.71
2010113.71%8,084.05218.80
2010123.46%8,363.93219.18
201113.15%8,627.47220.22
20112-1.11%8,531.49221.31
201132.22%8,720.97223.47
201140.66%8,778.46224.91
20115-3.66%8,456.94225.96
201163.10%8,719.26225.72
20117-10.40%7,812.40225.92
20118-0.79%7,750.74226.55
201193.02%7,984.73226.89
2011101.77%8,125.83226.42
2011111.55%8,252.16226.23
2011124.78%8,646.83225.67
201214.16%9,006.76226.67
201222.88%9,266.50227.66
20123-0.04%9,262.96229.39
20124-3.09%8,976.65230.09
20125-1.15%8,873.20229.82
201262.92%9,132.39229.48
201273.39%9,441.77229.10
201283.02%9,727.02230.38
20129-0.22%9,705.90231.41
201210-2.84%9,430.50231.32
2012112.18%9,635.66230.22
2012124.27%10,046.98229.60
201312.33%10,281.38230.28
201322.72%10,561.29232.17
201331.45%10,714.83232.77
201344.57%11,204.95232.53
20135-1.12%11,079.71232.95
201363.25%11,440.29233.50
201370.25%11,469.18233.60
201381.19%11,605.95233.88
201392.12%11,851.71234.15
2013103.86%12,309.19233.55
2013111.52%12,496.49233.07
2013120.97%12,617.43233.05
20141-0.13%12,601.03233.92
201422.72%12,944.06234.78
201430.20%12,970.17236.29
201441.53%13,168.88237.07
201453.20%13,589.80237.90
201461.50%13,793.08238.34
20147-0.43%13,734.19238.25
201481.78%13,978.38237.85
20149-2.65%13,608.44238.03
2014105.71%14,384.89237.43
2014110.63%14,476.07236.15
201412-1.11%14,315.38234.81
201512.83%14,720.13233.71
201520.06%14,728.28234.72
201530.88%14,857.66236.12
201540.98%15,003.10236.60
20155-0.44%14,937.76237.81
20156-0.08%14,925.86238.64
20157-2.42%14,564.00238.65
20158-4.51%13,907.59238.32
201594.32%14,508.00237.95
2015102.93%14,933.44237.84
201511-1.10%14,768.73237.34
201512-6.42%13,820.63236.53
20161-0.55%13,744.63236.92
201626.36%14,619.16237.11
201632.83%15,033.07238.13
20164-0.30%14,987.31239.26
201651.07%15,147.15240.23
201663.30%15,646.62241.02
201671.20%15,834.26240.63
20168-0.44%15,764.80240.85
20169-0.51%15,685.04241.43
2016101.20%15,873.44241.73
2016113.95%16,499.80241.35
2016121.44%16,737.01241.43
201712.58%17,168.23242.84
201721.75%17,468.54243.60
20173-0.15%17,441.64243.80
201741.69%17,736.82244.52
201751.78%18,051.90244.73
201760.99%18,230.23244.96
201770.25%18,275.41244.79
201781.65%18,577.55245.52
201792.73%19,085.61246.82
2017101.59%19,388.98246.66
2017112.88%19,948.06246.67
2017124.86%20,917.92246.52
20181-2.89%20,314.08247.87
201820.06%20,327.20248.99
20183-1.66%19,988.96249.55
201841.96%20,381.07250.55
201852.11%20,811.72251.59
201861.58%21,140.70251.99
201872.45%21,658.81252.01
201881.68%22,022.63252.15
20189-3.85%21,174.98252.44
201810-2.08%20,735.36252.89
201811-5.56%19,581.96252.04
2018121.74%19,921.83251.23
201915.83%21,083.05251.71
201921.95%21,493.75252.78
201933.72%22,294.01254.20
20194-1.53%21,952.52255.55
201951.40%22,260.89256.09
201963.83%23,112.89256.14
20197-3.13%22,388.44256.57
201983.09%23,079.18256.56
201990.01%23,081.44256.76
2019104.43%24,104.80257.35
2019112.47%24,700.02257.21
2019123.35%25,526.58256.97
202010.12%25,557.74257.97
20202-18.92%20,722.81258.68
202034.32%21,617.74258.12
202045.89%22,890.46256.39
202056.51%24,380.23256.39
202063.48%25,227.79257.80
202075.89%26,714.60259.10
20208-0.63%26,547.09259.92
202091.73%27,005.30260.28
2020103.95%28,073.12260.39
2020114.26%29,269.06260.23
2020122.80%30,087.21260.47
202112.49%30,836.85261.58
202120.82%31,090.13263.01
202136.02%32,962.21264.88
202140.76%33,212.80267.05
202151.81%33,814.10269.20
202163.07%34,851.58271.70
202172.19%35,613.14273.00
20218-0.08%35,583.05273.57
202190.45%35,743.95274.31
2021104.74%37,439.91276.59
2021110.27%37,539.28277.95
202112-2.05%36,768.99278.80
20221-2.90%35,701.74281.15
20222-0.89%35,383.07283.72
202230.12%35,424.93287.50
20224-7.87%32,636.02289.11
20225-3.37%31,536.39292.30
202260.46%31,682.93296.31
202276.45%33,725.66296.28
20228-7.28%31,271.31296.17
20229-3.09%30,304.65296.81
2022105.29%31,906.28298.01
2022110.01%31,909.74297.71
2022121.38%32,348.97296.80
202313.15%33,366.98299.17
20232-2.59%32,504.30300.84
202334.00%33,803.24301.84
202340.74%34,052.61303.36
202354.94%35,735.55304.13
202363.88%37,120.68305.11
20237-1.00%36,750.35305.69
20238-0.95%36,399.90307.03
20239-3.04%35,294.33307.79
2023104.60%36,918.47307.67
2023115.18%38,829.10307.05
2023122.91%39,959.74306.75
202414.20%41,637.75308.42
202423.28%43,004.35310.33
20243-1.01%42,570.38312.33
202442.52%43,641.76313.55
202455.34%45,973.81314.07
Click to show 738 more rows

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

Dollar-cost averaging

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

Consider a strategy in which $100.00 was invested in the S&P 500 over a period of no more than 24 months beginning in 1962. This would result in a final amount of $46,820.95, including dividend reinvestments. In this particular case, dollar-cost average returns are greater than the returns of a lump-sum investment (which ends with $45,973.81).

YearMonthContribution ($)Amount ($)
196214.164.23
196224.168.41
196234.1612.19
196244.1615.16
196254.1617.11
196264.1621.83
196274.1626.76
196284.1630.73
196294.1633.88
1962104.1640.77
1962114.1646.99
1962124.1653.26
196314.1658.32
196324.1662.41
196334.1669.87
196344.1675.70
196354.1680.02
196364.1683.14
196374.1689.94
196384.1696.81
196394.16101.46
1963104.16105.29
1963114.16112.06
1963124.32120.24
19641-122.02
19642-124.55
19643-126.66
19644-128.20
19645-127.75
19646-132.81
19647-131.18
19648-133.76
19649-136.40
196410-137.68
196411-135.62
196412-139.45
19651-140.81
19652-141.28
19653-143.48
19654-145.97
19655-139.39
19656-139.53
19657-142.49
19658-147.61
19659-151.30
196510-152.93
196511-152.60
196512-155.63
19661-154.96
19662-148.97
19663-153.92
19664-146.21
19665-145.39
19666-145.42
19667-137.03
19668-132.61
19669-131.86
196610-138.87
196611-139.87
196612-145.64
19671-151.07
19672-155.05
19673-158.14
19674-161.40
19675-159.80
19676-162.98
19677-166.00
19678-168.74
19679-168.91
196710-164.04
196711-169.14
196712-169.12
19681-161.92
19682-159.39
19683-171.60
19684-175.99
19685-181.17
19686-181.26
19687-177.75
19688-183.99
19689-188.99
196810-192.36
196811-194.83
196812-187.07
19691-186.62
19692-183.05
19693-187.21
19694-193.79
19695-184.16
19696-176.41
19697-175.91
19698-177.02
19699-179.40
196910-181.19
196911-172.08
196912-171.07
19701-165.60
19702-168.93
19703-164.29
19704-145.89
19705-145.50
19706-146.26
19707-151.02
19708-160.57
19709-164.56
197010-164.90
197011-176.71
197012-183.97
19711-191.61
19712-197.04
19713-204.27
19714-202.01
19715-198.79
19716-197.87
19717-194.87
19718-199.71
19719-195.99
197110-187.42
197111-200.85
197112-209.73
19721-214.11
19722-219.72
19723-222.48
19724-220.76
19725-221.89
19726-220.78
19727-229.13
19728-226.36
19729-227.30
197210-239.24
197211-244.77
197212-247.20
19731-238.98
19732-235.76
19733-231.91
19734-225.95
19735-221.46
19736-224.14
19737-220.47
19738-224.87
19739-234.39
197310-218.33
197311-203.47
197312-206.93
19741-201.81
19742-211.05
19743-200.88
19744-195.45
19745-196.34
19746-174.06
19747-167.51
19748-150.74
19749-154.32
197410-160.09
197411-150.34
197412-163.32
19751-180.97
19752-189.97
19753-192.80
19754-205.74
19755-211.69
19756-212.61
19757-197.73
19758-196.05
19759-205.79
197510-210.00
197511-207.52
197512-227.33
19761-236.83
19762-238.73
19763-241.34
19764-240.42
19765-242.58
19766-249.05
19767-247.65
19768-253.69
19769-245.80
197610-244.90
197611-254.17
197612-252.81
19771-246.82
19772-246.69
19773-243.74
19774-243.90
19775-246.09
19776-249.25
19777-244.07
19778-241.20
19779-235.90
197710-238.21
197711-238.02
197712-229.95
19781-227.72
19782-228.32
19783-239.35
19784-252.53
19785-254.23
19786-254.07
19787-272.69
19788-273.78
19789-266.18
197810-251.71
197811-256.55
197812-267.29
19791-264.46
19792-270.65
19793-277.23
19794-271.98
19795-278.56
19796-282.52
19797-296.68
19798-301.25
19799-291.16
197910-290.22
197911-303.00
197912-313.03
19801-326.79
19802-298.11
19803-294.65
19804-309.48
19805-330.72
19806-347.16
19807-359.32
19808-369.51
19809-381.80
198010-399.42
198011-394.45
198012-394.49
19811-382.37
19812-398.22
19813-403.37
19814-396.85
19815-400.25
19816-392.18
19817-395.33
19818-362.50
19819-368.77
198110-379.99
198111-384.47
198112-366.00
19821-359.00
19822-349.14
19823-368.24
19824-370.34
19825-350.82
19826-351.67
19827-354.47
19828-397.34
19829-432.63
198210-452.10
198211-458.23
198212-476.22
19831-486.36
19832-505.16
19833-526.37
19834-549.65
19835-559.29
19836-563.25
19837-549.69
19838-567.91
19839-571.59
198310-565.06
198311-564.34
198312-573.23
19841-543.93
19842-546.33
19843-549.11
19844-547.72
19845-537.60
19846-532.71
19847-581.76
19848-589.94
19849-587.51
198410-595.06
198411-590.85
198412-618.61
19851-654.41
19852-651.28
19853-657.95
19854-675.95
19855-692.92
19856-708.50
19857-695.42
19858-682.31
19859-692.52
198510-736.98
198511-776.00
198512-781.83
19861-826.38
19862-877.47
19863-901.53
19864-905.96
19865-934.35
19866-917.49
19867-938.42
19868-915.37
19869-914.55
198610-946.86
198611-963.04
198612-1,027.30
19871-1,093.69
19872-1,141.55
19873-1,131.77
19874-1,133.73
19875-1,184.73
19876-1,221.72
19877-1,300.57
19878-1,261.16
19879-1,111.66
198710-974.89
198711-961.88
198712-1,002.72
19881-1,036.10
19882-1,069.59
19883-1,060.11
19884-1,036.91
19885-1,099.11
19886-1,095.73
19887-1,076.90
19888-1,097.66
19889-1,139.39
198810-1,116.37
198811-1,142.33
198812-1,182.46
19891-1,221.48
19892-1,219.51
19893-1,262.98
19894-1,314.95
19895-1,359.57
19896-1,397.64
19897-1,463.20
19898-1,469.86
19899-1,474.07
198910-1,447.34
198911-1,486.94
198912-1,454.07
19901-1,417.32
19902-1,455.69
19903-1,458.54
19904-1,514.71
19905-1,562.72
19906-1,565.38
19907-1,442.32
19908-1,379.71
19909-1,347.76
199010-1,387.97
199011-1,451.63
199012-1,441.68
19911-1,609.02
19912-1,658.01
19913-1,695.46
19914-1,692.42
19915-1,698.30
19916-1,711.55
19917-1,757.40
19918-1,752.08
19919-1,755.26
199110-1,755.54
199111-1,771.95
199112-1,902.33
19921-1,890.90
19922-1,871.76
19923-1,876.71
19924-1,915.52
19925-1,890.07
19926-1,926.21
19927-1,944.35
19928-1,951.70
19929-1,928.63
199210-1,981.80
199211-2,046.63
199212-2,049.55
19931-2,084.89
19932-2,129.72
19933-2,101.14
19934-2,116.37
19935-2,134.68
19936-2,135.98
19937-2,173.63
19938-2,203.08
19939-2,230.44
199310-2,230.61
199311-2,250.40
199312-2,289.46
19941-2,287.73
19942-2,255.16
19943-2,179.69
19944-2,202.76
19945-2,227.17
19946-2,215.61
19947-2,283.90
19948-2,302.57
19949-2,292.34
199410-2,283.87
199411-2,260.44
199412-2,315.85
19951-2,404.29
19952-2,465.80
19953-2,545.09
19954-2,630.29
19955-2,713.89
19956-2,810.17
19957-2,824.59
19958-2,929.59
19959-2,956.33
199510-3,026.05
199511-3,128.61
199512-3,133.69
19961-3,318.72
19962-3,312.06
19963-3,318.59
19964-3,396.73
19965-3,440.16
19966-3,320.56
19967-3,422.70
19968-3,491.96
19969-3,635.81
199610-3,819.50
199611-3,865.26
199612-3,991.18
19971-4,165.24
19972-4,139.26
19973-3,998.31
19974-4,366.86
19975-4,599.92
19976-4,863.76
19977-4,880.68
19978-4,938.86
19979-5,020.12
199710-4,962.29
199711-5,093.02
199712-5,105.10
19981-5,431.94
19982-5,720.53
19983-5,915.35
19984-5,902.23
19985-5,909.10
19986-6,173.10
19987-5,742.77
19988-5,461.46
19989-5,531.96
199810-6,139.06
199811-6,391.02
199812-6,713.62
19991-6,709.14
19992-6,905.28
19993-7,198.76
19994-7,191.64
19995-7,147.64
19996-7,470.89
19997-7,188.91
19998-7,145.92
19999-7,054.99
199910-7,556.31
199911-7,768.55
199912-7,759.31
20001-7,567.03
20002-7,865.24
20003-7,977.29
20004-7,750.83
20005-7,996.03
20006-8,064.02
20007-8,139.80
20008-8,051.92
20009-7,632.08
200010-7,573.11
200011-7,321.68
200012-7,354.99
20011-7,197.87
20012-6,544.31
20013-6,573.68
20014-7,025.90
20015-6,858.08
20016-6,675.64
20017-6,539.06
20018-5,803.59
20019-5,988.38
200110-6,290.98
200111-6,383.21
200112-6,364.21
20021-6,150.83
20022-6,455.01
20023-6,228.15
20024-6,052.50
20025-5,694.13
20026-5,081.53
20027-5,139.39
20028-4,894.88
20029-4,827.96
200210-5,147.84
200211-5,094.56
200212-5,083.22
20031-4,757.14
20032-4,819.36
20033-5,074.10
20034-5,343.65
20035-5,648.46
20036-5,682.12
20037-5,672.67
20038-5,852.00
20039-5,970.66
200310-6,042.94
200311-6,228.09
200312-6,535.44
20041-6,606.46
20042-6,503.06
20043-6,566.01
20044-6,397.65
20045-6,580.47
20046-6,433.15
20047-6,343.88
20048-6,520.41
20049-6,527.10
200410-6,838.70
200411-7,025.22
200412-6,930.43
20051-7,046.95
20052-7,028.94
20053-6,859.61
20054-6,951.25
20055-7,102.84
20056-7,231.24
20057-7,253.66
20058-7,273.95
20059-7,083.06
200510-7,363.66
200511-7,521.55
200512-7,631.87
20061-7,630.60
20062-7,744.00
20063-7,805.82
20064-7,744.42
20065-7,534.87
20066-7,589.13
20067-7,763.05
20068-7,959.55
20069-8,247.36
200610-8,412.44
200611-8,593.16
200612-8,652.70
20071-8,790.80
20072-8,573.32
20073-8,931.71
20074-9,234.65
20075-9,266.50
20076-9,319.75
20077-8,928.22
20078-9,202.74
20079-9,478.05
200710-9,022.51
200711-9,134.22
200712-8,528.15
20081-8,394.77
20082-8,174.27
20083-8,521.17
20084-8,739.54
20085-8,368.41
20086-7,859.73
20087-8,025.62
20088-7,636.57
20089-6,094.47
200810-5,570.02
200811-5,550.46
200812-5,489.65
20091-5,121.71
20092-4,830.41
20093-5,425.61
20094-5,786.94
20095-5,952.96
20096-6,029.02
20097-6,518.62
20098-6,756.57
20099-6,918.94
200910-7,063.84
200911-7,221.08
200912-7,319.06
20101-7,106.92
20102-7,529.29
20103-7,837.08
20104-7,376.07
20105-7,114.70
20106-7,103.38
20107-7,164.73
20108-7,406.26
20109-7,745.28
201010-7,938.20
201011-8,233.01
201012-8,518.05
20111-8,786.44
20112-8,688.70
20113-8,881.67
20114-8,940.22
20115-8,612.78
20116-8,879.92
20117-7,956.35
20118-7,893.56
20119-8,131.86
201110-8,275.56
201111-8,404.22
201112-8,806.16
20121-9,172.73
20122-9,437.25
20123-9,433.65
20124-9,142.06
20125-9,036.70
20126-9,300.67
20127-9,615.75
20128-9,906.26
20129-9,884.75
201210-9,604.27
201211-9,813.21
201212-10,232.12
20131-10,470.83
20132-10,755.90
20133-10,912.27
20134-11,411.42
20135-11,283.87
20136-11,651.10
20137-11,680.52
20138-11,819.81
20139-12,070.10
201310-12,536.00
201311-12,726.76
201312-12,849.93
20141-12,833.22
20142-13,182.57
20143-13,209.17
20144-13,411.54
20145-13,840.21
20146-14,047.24
20147-13,987.26
20148-14,235.96
20149-13,859.19
201410-14,649.95
201411-14,742.82
201412-14,579.16
20151-14,991.37
20152-14,999.67
20153-15,131.43
20154-15,279.55
20155-15,213.01
20156-15,200.90
20157-14,832.37
20158-14,163.86
20159-14,775.33
201510-15,208.61
201511-15,040.87
201512-14,075.30
20161-13,997.90
20162-14,888.55
20163-15,310.08
20164-15,263.48
20165-15,426.26
20166-15,934.94
20167-16,126.04
20168-16,055.30
20169-15,974.06
201610-16,165.93
201611-16,803.84
201612-17,045.41
20171-17,484.58
20172-17,790.43
20173-17,763.03
20174-18,063.65
20175-18,384.54
20176-18,566.15
20177-18,612.16
20178-18,919.87
20179-19,437.29
201710-19,746.26
201711-20,315.64
201712-21,303.36
20181-20,688.40
20182-20,701.76
20183-20,357.29
20184-20,756.63
20185-21,195.21
20186-21,530.25
20187-22,057.91
20188-22,428.43
20189-21,565.16
201810-21,117.45
201811-19,942.79
201812-20,288.92
20191-21,471.54
20192-21,889.81
20193-22,704.82
20194-22,357.03
20195-22,671.09
20196-23,538.79
20197-22,800.99
20198-23,504.45
20199-23,506.75
201910-24,548.97
201911-25,155.16
201912-25,996.95
20201-26,028.69
20202-21,104.66
20203-22,016.09
20204-23,312.25
20205-24,829.48
20206-25,692.66
20207-27,206.86
20208-27,036.27
20209-27,502.92
202010-28,590.41
202011-29,808.39
202012-30,641.62
20211-31,405.07
20212-31,663.01
20213-33,569.60
20214-33,824.81
20215-34,437.18
20216-35,493.78
20217-36,269.38
20218-36,238.73
20219-36,402.59
202110-38,129.80
202111-38,231.00
202112-37,446.52
20221-36,359.61
20222-36,035.07
20223-36,077.70
20224-33,237.40
20225-32,117.50
20226-32,266.75
20227-34,347.11
20228-31,847.53
20229-30,863.07
202210-32,494.21
202211-32,497.73
202212-32,945.05
20231-33,981.82
20232-33,103.25
20233-34,426.12
20234-34,680.08
20235-36,394.04
20236-37,804.69
20237-37,427.53
20238-37,070.63
20239-35,944.68
202310-37,598.76
202311-39,544.59
202312-40,696.06
20241-42,405.00
20242-43,796.78
20243-43,354.82
20244-44,445.93
20245-46,820.95
Click to show 738 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 1962 to 2024
Start Value
Average monthly close
$69.07
End Value
Average monthly close
$5,509.01
Change in price+7,875.98%
+7.32% / yr
Change incl. dividends+45,873.81%
+10.32% / yr
Change incl. dividends, inflation-adjusted+4,298.38%
+6.25% / yr
Final amount, nominal
($100 base)
$45,973.81
Final amount, inflation-adjusted
($100 base)
$4,398.38