If you invested $100 in the S&P 500 at the beginning of 1972, you would have about $22,324.42 at the end of 2024, assuming you reinvested all dividends. This is a return on investment of 22,224.42%, or 10.87% per year.
This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 2,857.79% cumulatively, or 6.68% per year.
If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $20,715.49.
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:
The nominal return on investment of $100 is $22,224.42, or 22,224.42%. This means by 2024 you would have $22,324.42 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 1972 was 41.800 and the CPI in 2024 was 315.493.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 52 years.
Adjusted for inflation, the $22,324.42 nominal end value of the original $100 investment would have a real return of roughly $2,857.79 in 1972 dollars. This means the inflation-adjusted return is 2,857.79% as opposed to the original 22,224.42%.
For more information on inflation, see our U.S. inflation calculator for 1972.
The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 629-month period between 1972 and 2024.
Note that data shown is the monthly average closing price. Returns include dividends.
Year | Month | Return (%) | Amount ($) | CPI |
---|---|---|---|---|
1972 | 1 | 2.09% | 102.09 | 41.10 |
1972 | 2 | 2.62% | 104.76 | 41.30 |
1972 | 3 | 1.26% | 106.08 | 41.40 |
1972 | 4 | -0.78% | 105.26 | 41.50 |
1972 | 5 | 0.52% | 105.80 | 41.60 |
1972 | 6 | -0.50% | 105.27 | 41.70 |
1972 | 7 | 3.78% | 109.25 | 41.90 |
1972 | 8 | -1.21% | 107.93 | 42.00 |
1972 | 9 | 0.42% | 108.38 | 42.10 |
1972 | 10 | 5.25% | 114.07 | 42.30 |
1972 | 11 | 2.31% | 116.71 | 42.40 |
1972 | 12 | 0.99% | 117.86 | 42.50 |
1973 | 1 | -3.33% | 113.95 | 42.60 |
1973 | 2 | -1.35% | 112.41 | 42.90 |
1973 | 3 | -1.63% | 110.58 | 43.30 |
1973 | 4 | -2.57% | 107.73 | 43.60 |
1973 | 5 | -1.99% | 105.59 | 43.90 |
1973 | 6 | 1.21% | 106.87 | 44.20 |
1973 | 7 | -1.64% | 105.12 | 44.30 |
1973 | 8 | 2.00% | 107.22 | 45.10 |
1973 | 9 | 4.24% | 111.76 | 45.20 |
1973 | 10 | -6.85% | 104.10 | 45.60 |
1973 | 11 | -6.81% | 97.02 | 45.90 |
1973 | 12 | 1.70% | 98.67 | 46.20 |
1974 | 1 | -2.47% | 96.23 | 46.60 |
1974 | 2 | 4.57% | 100.63 | 47.20 |
1974 | 3 | -4.82% | 95.78 | 47.80 |
1974 | 4 | -2.71% | 93.19 | 48.00 |
1974 | 5 | 0.46% | 93.62 | 48.60 |
1974 | 6 | -11.35% | 82.99 | 49.00 |
1974 | 7 | -3.76% | 79.87 | 49.40 |
1974 | 8 | -10.01% | 71.87 | 50.00 |
1974 | 9 | 2.38% | 73.58 | 50.60 |
1974 | 10 | 3.74% | 76.33 | 51.10 |
1974 | 11 | -6.09% | 71.68 | 51.50 |
1974 | 12 | 8.63% | 77.87 | 51.90 |
1975 | 1 | 10.81% | 86.29 | 52.10 |
1975 | 2 | 4.97% | 90.58 | 52.50 |
1975 | 3 | 1.49% | 91.93 | 52.70 |
1975 | 4 | 6.71% | 98.10 | 52.90 |
1975 | 5 | 2.89% | 100.94 | 53.20 |
1975 | 6 | 0.43% | 101.37 | 53.60 |
1975 | 7 | -7.00% | 94.28 | 54.20 |
1975 | 8 | -0.85% | 93.48 | 54.30 |
1975 | 9 | 4.97% | 98.12 | 54.60 |
1975 | 10 | 2.04% | 100.13 | 54.90 |
1975 | 11 | -1.18% | 98.95 | 55.30 |
1975 | 12 | 9.55% | 108.39 | 55.50 |
1976 | 1 | 4.18% | 112.92 | 55.60 |
1976 | 2 | 0.80% | 113.83 | 55.80 |
1976 | 3 | 1.10% | 115.07 | 55.90 |
1976 | 4 | -0.38% | 114.63 | 56.10 |
1976 | 5 | 0.90% | 115.66 | 56.50 |
1976 | 6 | 2.67% | 118.75 | 56.80 |
1976 | 7 | -0.56% | 118.08 | 57.10 |
1976 | 8 | 2.44% | 120.96 | 57.40 |
1976 | 9 | -3.11% | 117.20 | 57.60 |
1976 | 10 | -0.37% | 116.77 | 57.90 |
1976 | 11 | 3.79% | 121.19 | 58.00 |
1976 | 12 | -0.54% | 120.54 | 58.20 |
1977 | 1 | -2.37% | 117.69 | 58.50 |
1977 | 2 | -0.05% | 117.62 | 59.10 |
1977 | 3 | -1.19% | 116.22 | 59.50 |
1977 | 4 | 0.06% | 116.29 | 60.00 |
1977 | 5 | 0.90% | 117.34 | 60.30 |
1977 | 6 | 1.28% | 118.84 | 60.70 |
1977 | 7 | -2.08% | 116.37 | 61.00 |
1977 | 8 | -1.18% | 115.01 | 61.20 |
1977 | 9 | -2.20% | 112.48 | 61.40 |
1977 | 10 | 0.98% | 113.58 | 61.60 |
1977 | 11 | -0.08% | 113.49 | 61.90 |
1977 | 12 | -3.39% | 109.64 | 62.10 |
1978 | 1 | -0.97% | 108.58 | 62.50 |
1978 | 2 | 0.27% | 108.87 | 62.90 |
1978 | 3 | 4.83% | 114.12 | 63.40 |
1978 | 4 | 5.50% | 120.41 | 63.90 |
1978 | 5 | 0.67% | 121.22 | 64.50 |
1978 | 6 | -0.06% | 121.14 | 65.20 |
1978 | 7 | 7.33% | 130.02 | 65.70 |
1978 | 8 | 0.40% | 130.54 | 66.00 |
1978 | 9 | -2.77% | 126.92 | 66.50 |
1978 | 10 | -5.44% | 120.02 | 67.10 |
1978 | 11 | 1.92% | 122.32 | 67.40 |
1978 | 12 | 4.19% | 127.44 | 67.70 |
1979 | 1 | -1.06% | 126.10 | 68.30 |
1979 | 2 | 2.34% | 129.05 | 69.10 |
1979 | 3 | 2.43% | 132.19 | 69.80 |
1979 | 4 | -1.89% | 129.68 | 70.60 |
1979 | 5 | 2.42% | 132.82 | 71.50 |
1979 | 6 | 1.42% | 134.71 | 72.30 |
1979 | 7 | 5.01% | 141.46 | 73.10 |
1979 | 8 | 1.54% | 143.64 | 73.80 |
1979 | 9 | -3.35% | 138.82 | 74.60 |
1979 | 10 | -0.32% | 138.38 | 75.20 |
1979 | 11 | 4.40% | 144.47 | 75.90 |
1979 | 12 | 3.31% | 149.26 | 76.70 |
1980 | 1 | 4.40% | 155.82 | 77.80 |
1980 | 2 | -8.78% | 142.14 | 78.90 |
1980 | 3 | -1.16% | 140.49 | 80.10 |
1980 | 4 | 5.04% | 147.56 | 81.00 |
1980 | 5 | 6.86% | 157.69 | 81.80 |
1980 | 6 | 4.97% | 165.53 | 82.70 |
1980 | 7 | 3.50% | 171.33 | 82.70 |
1980 | 8 | 2.84% | 176.19 | 83.30 |
1980 | 9 | 3.32% | 182.04 | 84.00 |
1980 | 10 | 4.61% | 190.44 | 84.80 |
1980 | 11 | -1.24% | 188.07 | 85.50 |
1980 | 12 | 0.01% | 188.09 | 86.30 |
1981 | 1 | -3.07% | 182.32 | 87.00 |
1981 | 2 | 4.14% | 189.87 | 87.90 |
1981 | 3 | 1.29% | 192.33 | 88.50 |
1981 | 4 | -1.62% | 189.22 | 89.10 |
1981 | 5 | 0.86% | 190.84 | 89.80 |
1981 | 6 | -2.02% | 186.99 | 90.60 |
1981 | 7 | 0.80% | 188.49 | 91.60 |
1981 | 8 | -8.30% | 172.84 | 92.30 |
1981 | 9 | 1.73% | 175.83 | 93.20 |
1981 | 10 | 3.04% | 181.18 | 93.40 |
1981 | 11 | 1.18% | 183.32 | 93.70 |
1981 | 12 | -4.80% | 174.51 | 94.00 |
1982 | 1 | -1.91% | 171.17 | 94.30 |
1982 | 2 | -2.74% | 166.47 | 94.60 |
1982 | 3 | 5.47% | 175.58 | 94.50 |
1982 | 4 | 0.57% | 176.58 | 94.90 |
1982 | 5 | -5.27% | 167.27 | 95.80 |
1982 | 6 | 0.24% | 167.68 | 97.00 |
1982 | 7 | 0.79% | 169.01 | 97.50 |
1982 | 8 | 12.10% | 189.45 | 97.70 |
1982 | 9 | 8.88% | 206.28 | 97.90 |
1982 | 10 | 4.50% | 215.56 | 98.20 |
1982 | 11 | 1.36% | 218.49 | 98.00 |
1982 | 12 | 3.93% | 227.06 | 97.60 |
1983 | 1 | 2.13% | 231.90 | 97.80 |
1983 | 2 | 3.87% | 240.86 | 97.90 |
1983 | 3 | 4.20% | 250.97 | 97.90 |
1983 | 4 | 4.42% | 262.08 | 98.60 |
1983 | 5 | 1.75% | 266.67 | 99.20 |
1983 | 6 | 0.71% | 268.56 | 99.50 |
1983 | 7 | -2.41% | 262.10 | 99.90 |
1983 | 8 | 3.31% | 270.78 | 100.20 |
1983 | 9 | 0.65% | 272.54 | 100.70 |
1983 | 10 | -1.14% | 269.42 | 101.00 |
1983 | 11 | -0.13% | 269.08 | 101.20 |
1983 | 12 | 1.58% | 273.32 | 101.30 |
1984 | 1 | -5.11% | 259.35 | 101.90 |
1984 | 2 | 0.44% | 260.49 | 102.40 |
1984 | 3 | 0.51% | 261.82 | 102.60 |
1984 | 4 | -0.25% | 261.15 | 103.10 |
1984 | 5 | -1.85% | 256.33 | 103.40 |
1984 | 6 | -0.91% | 254.00 | 103.70 |
1984 | 7 | 9.21% | 277.38 | 104.10 |
1984 | 8 | 1.41% | 281.29 | 104.50 |
1984 | 9 | -0.41% | 280.13 | 105.00 |
1984 | 10 | 1.29% | 283.73 | 105.30 |
1984 | 11 | -0.71% | 281.72 | 105.30 |
1984 | 12 | 4.70% | 294.95 | 105.30 |
1985 | 1 | 5.79% | 312.03 | 105.50 |
1985 | 2 | -0.48% | 310.53 | 106.00 |
1985 | 3 | 1.02% | 313.71 | 106.40 |
1985 | 4 | 2.74% | 322.30 | 106.90 |
1985 | 5 | 2.51% | 330.39 | 107.30 |
1985 | 6 | 2.25% | 337.81 | 107.60 |
1985 | 7 | -1.85% | 331.58 | 107.80 |
1985 | 8 | -1.88% | 325.33 | 108.00 |
1985 | 9 | 1.50% | 330.20 | 108.30 |
1985 | 10 | 6.42% | 351.40 | 108.70 |
1985 | 11 | 5.29% | 370.00 | 109.00 |
1985 | 12 | 0.75% | 372.78 | 109.30 |
1986 | 1 | 5.70% | 394.02 | 109.60 |
1986 | 2 | 6.18% | 418.38 | 109.30 |
1986 | 3 | 2.74% | 429.85 | 108.80 |
1986 | 4 | 0.49% | 431.97 | 108.60 |
1986 | 5 | 3.13% | 445.50 | 108.90 |
1986 | 6 | -1.80% | 437.46 | 109.50 |
1986 | 7 | 2.28% | 447.44 | 109.50 |
1986 | 8 | -2.46% | 436.45 | 109.70 |
1986 | 9 | -0.09% | 436.06 | 110.20 |
1986 | 10 | 3.53% | 451.46 | 110.30 |
1986 | 11 | 1.71% | 459.18 | 110.40 |
1986 | 12 | 6.67% | 489.82 | 110.50 |
1987 | 1 | 6.46% | 521.47 | 111.20 |
1987 | 2 | 4.38% | 544.30 | 111.60 |
1987 | 3 | -0.86% | 539.63 | 112.10 |
1987 | 4 | 0.17% | 540.57 | 112.70 |
1987 | 5 | 4.50% | 564.88 | 113.10 |
1987 | 6 | 3.12% | 582.52 | 113.50 |
1987 | 7 | 6.45% | 620.12 | 113.80 |
1987 | 8 | -3.03% | 601.32 | 114.40 |
1987 | 9 | -11.85% | 530.04 | 115.00 |
1987 | 10 | -12.30% | 464.83 | 115.30 |
1987 | 11 | -1.33% | 458.63 | 115.40 |
1987 | 12 | 4.25% | 478.10 | 115.40 |
1988 | 1 | 3.33% | 494.02 | 115.70 |
1988 | 2 | 3.23% | 509.98 | 116.00 |
1988 | 3 | -0.89% | 505.46 | 116.50 |
1988 | 4 | -2.19% | 494.40 | 117.10 |
1988 | 5 | 6.00% | 524.06 | 117.50 |
1988 | 6 | -0.31% | 522.45 | 118.00 |
1988 | 7 | -1.72% | 513.47 | 118.50 |
1988 | 8 | 1.93% | 523.37 | 119.00 |
1988 | 9 | 3.80% | 543.26 | 119.80 |
1988 | 10 | -2.02% | 532.29 | 120.20 |
1988 | 11 | 2.33% | 544.67 | 120.30 |
1988 | 12 | 3.51% | 563.80 | 120.50 |
1989 | 1 | 3.30% | 582.41 | 121.10 |
1989 | 2 | -0.16% | 581.47 | 121.60 |
1989 | 3 | 3.56% | 602.19 | 122.30 |
1989 | 4 | 4.12% | 626.98 | 123.10 |
1989 | 5 | 3.39% | 648.25 | 123.80 |
1989 | 6 | 2.80% | 666.40 | 124.10 |
1989 | 7 | 4.69% | 697.66 | 124.40 |
1989 | 8 | 0.46% | 700.84 | 124.60 |
1989 | 9 | 0.29% | 702.84 | 125.00 |
1989 | 10 | -1.81% | 690.10 | 125.60 |
1989 | 11 | 2.74% | 708.98 | 125.90 |
1989 | 12 | -2.21% | 693.30 | 126.10 |
1990 | 1 | -2.53% | 675.78 | 127.40 |
1990 | 2 | 2.71% | 694.08 | 128.00 |
1990 | 3 | 0.20% | 695.44 | 128.70 |
1990 | 4 | 3.85% | 722.22 | 128.90 |
1990 | 5 | 3.17% | 745.11 | 129.20 |
1990 | 6 | 0.17% | 746.38 | 129.90 |
1990 | 7 | -7.86% | 687.70 | 130.40 |
1990 | 8 | -4.34% | 657.85 | 131.60 |
1990 | 9 | -2.32% | 642.62 | 132.70 |
1990 | 10 | 2.98% | 661.79 | 133.50 |
1990 | 11 | 4.59% | 692.14 | 133.80 |
1990 | 12 | -0.69% | 687.40 | 133.80 |
1991 | 1 | 11.61% | 767.19 | 134.60 |
1991 | 2 | 3.04% | 790.54 | 134.80 |
1991 | 3 | 2.26% | 808.40 | 135.00 |
1991 | 4 | -0.18% | 806.95 | 135.20 |
1991 | 5 | 0.35% | 809.76 | 135.60 |
1991 | 6 | 0.78% | 816.08 | 136.00 |
1991 | 7 | 2.68% | 837.94 | 136.20 |
1991 | 8 | -0.30% | 835.40 | 136.60 |
1991 | 9 | 0.18% | 836.91 | 137.20 |
1991 | 10 | 0.02% | 837.05 | 137.40 |
1991 | 11 | 0.94% | 844.87 | 137.80 |
1991 | 12 | 7.36% | 907.04 | 137.90 |
1992 | 1 | -0.60% | 901.59 | 138.10 |
1992 | 2 | -1.01% | 892.46 | 138.60 |
1992 | 3 | 0.26% | 894.82 | 139.30 |
1992 | 4 | 2.07% | 913.33 | 139.50 |
1992 | 5 | -1.33% | 901.19 | 139.70 |
1992 | 6 | 1.91% | 918.42 | 140.20 |
1992 | 7 | 0.94% | 927.07 | 140.50 |
1992 | 8 | 0.38% | 930.58 | 140.90 |
1992 | 9 | -1.18% | 919.58 | 141.30 |
1992 | 10 | 2.76% | 944.93 | 141.80 |
1992 | 11 | 3.27% | 975.84 | 142.00 |
1992 | 12 | 0.14% | 977.23 | 141.90 |
1993 | 1 | 1.72% | 994.08 | 142.60 |
1993 | 2 | 2.15% | 1,015.46 | 143.10 |
1993 | 3 | -1.34% | 1,001.83 | 143.60 |
1993 | 4 | 0.72% | 1,009.09 | 144.00 |
1993 | 5 | 0.87% | 1,017.83 | 144.20 |
1993 | 6 | 0.06% | 1,018.45 | 144.40 |
1993 | 7 | 1.76% | 1,036.40 | 144.40 |
1993 | 8 | 1.35% | 1,050.44 | 144.80 |
1993 | 9 | 1.24% | 1,063.48 | 145.10 |
1993 | 10 | 0.01% | 1,063.56 | 145.70 |
1993 | 11 | 0.89% | 1,073.00 | 145.80 |
1993 | 12 | 1.74% | 1,091.63 | 145.80 |
1994 | 1 | -0.08% | 1,090.80 | 146.20 |
1994 | 2 | -1.42% | 1,075.27 | 146.70 |
1994 | 3 | -3.35% | 1,039.29 | 147.20 |
1994 | 4 | 1.06% | 1,050.28 | 147.40 |
1994 | 5 | 1.11% | 1,061.92 | 147.50 |
1994 | 6 | -0.52% | 1,056.41 | 148.00 |
1994 | 7 | 3.08% | 1,088.97 | 148.40 |
1994 | 8 | 0.82% | 1,097.87 | 149.00 |
1994 | 9 | -0.44% | 1,093.00 | 149.40 |
1994 | 10 | -0.37% | 1,088.96 | 149.50 |
1994 | 11 | -1.03% | 1,077.79 | 149.70 |
1994 | 12 | 2.45% | 1,104.21 | 149.70 |
1995 | 1 | 3.82% | 1,146.38 | 150.30 |
1995 | 2 | 2.56% | 1,175.70 | 150.90 |
1995 | 3 | 3.22% | 1,213.51 | 151.40 |
1995 | 4 | 3.35% | 1,254.13 | 151.90 |
1995 | 5 | 3.18% | 1,293.99 | 152.20 |
1995 | 6 | 3.55% | 1,339.90 | 152.50 |
1995 | 7 | 0.51% | 1,346.77 | 152.50 |
1995 | 8 | 3.72% | 1,396.84 | 152.90 |
1995 | 9 | 0.91% | 1,409.59 | 153.20 |
1995 | 10 | 2.36% | 1,442.83 | 153.70 |
1995 | 11 | 3.39% | 1,491.73 | 153.60 |
1995 | 12 | 0.16% | 1,494.16 | 153.50 |
1996 | 1 | 5.90% | 1,582.38 | 154.40 |
1996 | 2 | -0.20% | 1,579.20 | 154.90 |
1996 | 3 | 0.20% | 1,582.32 | 155.70 |
1996 | 4 | 2.35% | 1,619.58 | 156.30 |
1996 | 5 | 1.28% | 1,640.28 | 156.60 |
1996 | 6 | -3.48% | 1,583.26 | 156.70 |
1996 | 7 | 3.08% | 1,631.96 | 157.00 |
1996 | 8 | 2.02% | 1,664.98 | 157.30 |
1996 | 9 | 4.12% | 1,733.57 | 157.80 |
1996 | 10 | 5.05% | 1,821.15 | 158.30 |
1996 | 11 | 1.20% | 1,842.97 | 158.60 |
1996 | 12 | 3.26% | 1,903.01 | 158.60 |
1997 | 1 | 4.36% | 1,986.00 | 159.10 |
1997 | 2 | -0.62% | 1,973.62 | 159.60 |
1997 | 3 | -3.41% | 1,906.41 | 160.00 |
1997 | 4 | 9.22% | 2,082.14 | 160.20 |
1997 | 5 | 5.34% | 2,193.26 | 160.10 |
1997 | 6 | 5.74% | 2,319.06 | 160.30 |
1997 | 7 | 0.35% | 2,327.13 | 160.50 |
1997 | 8 | 1.19% | 2,354.87 | 160.80 |
1997 | 9 | 1.65% | 2,393.61 | 161.20 |
1997 | 10 | -1.15% | 2,366.04 | 161.60 |
1997 | 11 | 2.63% | 2,428.37 | 161.50 |
1997 | 12 | 0.24% | 2,434.13 | 161.30 |
1998 | 1 | 6.40% | 2,589.97 | 161.60 |
1998 | 2 | 5.31% | 2,727.57 | 161.90 |
1998 | 3 | 3.41% | 2,820.46 | 162.20 |
1998 | 4 | -0.22% | 2,814.21 | 162.50 |
1998 | 5 | 0.12% | 2,817.48 | 162.80 |
1998 | 6 | 4.47% | 2,943.36 | 163.00 |
1998 | 7 | -6.97% | 2,738.18 | 163.20 |
1998 | 8 | -4.90% | 2,604.05 | 163.40 |
1998 | 9 | 1.29% | 2,637.66 | 163.60 |
1998 | 10 | 10.97% | 2,927.13 | 164.00 |
1998 | 11 | 4.10% | 3,047.26 | 164.00 |
1998 | 12 | 5.05% | 3,201.08 | 163.90 |
1999 | 1 | -0.07% | 3,198.94 | 164.30 |
1999 | 2 | 2.92% | 3,292.47 | 164.50 |
1999 | 3 | 4.25% | 3,432.40 | 165.00 |
1999 | 4 | -0.10% | 3,429.00 | 166.20 |
1999 | 5 | -0.61% | 3,408.03 | 166.20 |
1999 | 6 | 4.52% | 3,562.15 | 166.20 |
1999 | 7 | -3.77% | 3,427.70 | 166.70 |
1999 | 8 | -0.60% | 3,407.20 | 167.10 |
1999 | 9 | -1.27% | 3,363.85 | 167.90 |
1999 | 10 | 7.11% | 3,602.88 | 168.20 |
1999 | 11 | 2.81% | 3,704.08 | 168.30 |
1999 | 12 | -0.12% | 3,699.67 | 168.30 |
2000 | 1 | -2.48% | 3,607.99 | 168.80 |
2000 | 2 | 3.94% | 3,750.18 | 169.80 |
2000 | 3 | 1.42% | 3,803.61 | 171.20 |
2000 | 4 | -2.84% | 3,695.63 | 171.30 |
2000 | 5 | 3.16% | 3,812.54 | 171.50 |
2000 | 6 | 0.85% | 3,844.96 | 172.40 |
2000 | 7 | 0.94% | 3,881.09 | 172.80 |
2000 | 8 | -1.08% | 3,839.19 | 172.80 |
2000 | 9 | -5.21% | 3,639.01 | 173.70 |
2000 | 10 | -0.77% | 3,610.89 | 174.00 |
2000 | 11 | -3.32% | 3,491.01 | 174.10 |
2000 | 12 | 0.46% | 3,506.89 | 174.00 |
2001 | 1 | -2.14% | 3,431.98 | 175.10 |
2001 | 2 | -9.08% | 3,120.36 | 175.80 |
2001 | 3 | 0.45% | 3,134.36 | 176.20 |
2001 | 4 | 6.88% | 3,349.98 | 176.90 |
2001 | 5 | -2.39% | 3,269.96 | 177.70 |
2001 | 6 | -2.66% | 3,182.97 | 178.00 |
2001 | 7 | -2.05% | 3,117.85 | 177.50 |
2001 | 8 | -11.25% | 2,767.18 | 177.50 |
2001 | 9 | 3.18% | 2,855.29 | 178.30 |
2001 | 10 | 5.05% | 2,999.57 | 177.70 |
2001 | 11 | 1.47% | 3,043.54 | 177.40 |
2001 | 12 | -0.30% | 3,034.48 | 176.70 |
2002 | 1 | -3.35% | 2,932.74 | 177.10 |
2002 | 2 | 4.95% | 3,077.78 | 177.80 |
2002 | 3 | -3.51% | 2,969.61 | 178.80 |
2002 | 4 | -2.82% | 2,885.85 | 179.80 |
2002 | 5 | -5.92% | 2,714.98 | 179.80 |
2002 | 6 | -10.76% | 2,422.89 | 179.90 |
2002 | 7 | 1.14% | 2,450.48 | 180.10 |
2002 | 8 | -4.76% | 2,333.90 | 180.70 |
2002 | 9 | -1.37% | 2,301.99 | 181.00 |
2002 | 10 | 6.63% | 2,454.51 | 181.30 |
2002 | 11 | -1.04% | 2,429.11 | 181.30 |
2002 | 12 | -0.22% | 2,423.70 | 180.90 |
2003 | 1 | -6.41% | 2,268.22 | 181.70 |
2003 | 2 | 1.31% | 2,297.89 | 183.10 |
2003 | 3 | 5.29% | 2,419.35 | 184.20 |
2003 | 4 | 5.31% | 2,547.88 | 183.80 |
2003 | 5 | 5.70% | 2,693.21 | 183.50 |
2003 | 6 | 0.60% | 2,709.26 | 183.70 |
2003 | 7 | -0.17% | 2,704.75 | 183.90 |
2003 | 8 | 3.16% | 2,790.26 | 184.60 |
2003 | 9 | 2.03% | 2,846.84 | 185.20 |
2003 | 10 | 1.21% | 2,881.30 | 185.00 |
2003 | 11 | 3.06% | 2,969.58 | 184.50 |
2003 | 12 | 4.93% | 3,116.13 | 184.30 |
2004 | 1 | 1.09% | 3,149.99 | 185.20 |
2004 | 2 | -1.57% | 3,100.68 | 186.20 |
2004 | 3 | 0.97% | 3,130.70 | 187.40 |
2004 | 4 | -2.56% | 3,050.42 | 188.00 |
2004 | 5 | 2.86% | 3,137.60 | 189.10 |
2004 | 6 | -2.24% | 3,067.35 | 189.70 |
2004 | 7 | -1.39% | 3,024.79 | 189.40 |
2004 | 8 | 2.78% | 3,108.96 | 189.50 |
2004 | 9 | 0.10% | 3,112.15 | 189.90 |
2004 | 10 | 4.77% | 3,260.72 | 190.90 |
2004 | 11 | 2.73% | 3,349.65 | 191.00 |
2004 | 12 | -1.35% | 3,304.46 | 190.30 |
2005 | 1 | 1.68% | 3,360.01 | 190.70 |
2005 | 2 | -0.26% | 3,351.43 | 191.80 |
2005 | 3 | -2.41% | 3,270.69 | 193.30 |
2005 | 4 | 1.34% | 3,314.38 | 194.60 |
2005 | 5 | 2.18% | 3,386.66 | 194.40 |
2005 | 6 | 1.81% | 3,447.89 | 194.50 |
2005 | 7 | 0.31% | 3,458.57 | 195.40 |
2005 | 8 | 0.28% | 3,468.25 | 196.40 |
2005 | 9 | -2.62% | 3,377.23 | 198.80 |
2005 | 10 | 3.96% | 3,511.02 | 199.20 |
2005 | 11 | 2.14% | 3,586.30 | 197.60 |
2005 | 12 | 1.47% | 3,638.91 | 196.80 |
2006 | 1 | -0.02% | 3,638.30 | 198.30 |
2006 | 2 | 1.49% | 3,692.37 | 198.70 |
2006 | 3 | 0.80% | 3,721.85 | 199.80 |
2006 | 4 | -0.79% | 3,692.57 | 201.50 |
2006 | 5 | -2.71% | 3,592.66 | 202.50 |
2006 | 6 | 0.72% | 3,618.53 | 202.90 |
2006 | 7 | 2.29% | 3,701.46 | 203.50 |
2006 | 8 | 2.53% | 3,795.15 | 203.90 |
2006 | 9 | 3.62% | 3,932.37 | 202.90 |
2006 | 10 | 2.00% | 4,011.09 | 201.80 |
2006 | 11 | 2.15% | 4,097.26 | 201.50 |
2006 | 12 | 0.69% | 4,125.64 | 201.80 |
2007 | 1 | 1.60% | 4,191.49 | 202.42 |
2007 | 2 | -2.47% | 4,087.80 | 203.50 |
2007 | 3 | 4.18% | 4,258.68 | 205.35 |
2007 | 4 | 3.39% | 4,403.12 | 206.69 |
2007 | 5 | 0.34% | 4,418.31 | 207.95 |
2007 | 6 | 0.57% | 4,443.70 | 208.35 |
2007 | 7 | -4.20% | 4,257.01 | 208.30 |
2007 | 8 | 3.07% | 4,387.90 | 207.92 |
2007 | 9 | 2.99% | 4,519.17 | 208.49 |
2007 | 10 | -4.81% | 4,301.97 | 208.94 |
2007 | 11 | 1.24% | 4,355.24 | 210.18 |
2007 | 12 | -6.64% | 4,066.26 | 210.04 |
2008 | 1 | -1.56% | 4,002.66 | 211.08 |
2008 | 2 | -2.63% | 3,897.53 | 211.69 |
2008 | 3 | 4.24% | 4,062.93 | 213.53 |
2008 | 4 | 2.56% | 4,167.05 | 214.82 |
2008 | 5 | -4.25% | 3,990.09 | 216.63 |
2008 | 6 | -6.08% | 3,747.55 | 218.82 |
2008 | 7 | 2.11% | 3,826.65 | 219.96 |
2008 | 8 | -4.85% | 3,641.15 | 219.09 |
2008 | 9 | -20.19% | 2,905.87 | 218.78 |
2008 | 10 | -8.61% | 2,655.81 | 216.57 |
2008 | 11 | -0.35% | 2,646.48 | 212.43 |
2008 | 12 | -1.10% | 2,617.49 | 210.23 |
2009 | 1 | -6.70% | 2,442.05 | 211.14 |
2009 | 2 | -5.69% | 2,303.16 | 212.19 |
2009 | 3 | 12.32% | 2,586.95 | 212.71 |
2009 | 4 | 6.66% | 2,759.24 | 213.24 |
2009 | 5 | 2.87% | 2,838.40 | 213.86 |
2009 | 6 | 1.28% | 2,874.66 | 215.69 |
2009 | 7 | 8.12% | 3,108.10 | 215.35 |
2009 | 8 | 3.65% | 3,221.56 | 215.83 |
2009 | 9 | 2.40% | 3,298.98 | 215.97 |
2009 | 10 | 2.09% | 3,368.07 | 216.18 |
2009 | 11 | 2.23% | 3,443.04 | 216.33 |
2009 | 12 | 1.36% | 3,489.76 | 215.95 |
2010 | 1 | -2.90% | 3,388.61 | 216.69 |
2010 | 2 | 5.94% | 3,590.00 | 216.74 |
2010 | 3 | 4.09% | 3,736.75 | 217.63 |
2010 | 4 | -5.88% | 3,516.94 | 218.01 |
2010 | 5 | -3.54% | 3,392.32 | 218.18 |
2010 | 6 | -0.16% | 3,386.92 | 217.97 |
2010 | 7 | 0.86% | 3,416.17 | 218.01 |
2010 | 8 | 3.37% | 3,531.33 | 218.31 |
2010 | 9 | 4.58% | 3,692.98 | 218.44 |
2010 | 10 | 2.49% | 3,784.97 | 218.71 |
2010 | 11 | 3.71% | 3,925.53 | 218.80 |
2010 | 12 | 3.46% | 4,061.44 | 219.18 |
2011 | 1 | 3.15% | 4,189.41 | 220.22 |
2011 | 2 | -1.11% | 4,142.81 | 221.31 |
2011 | 3 | 2.22% | 4,234.82 | 223.47 |
2011 | 4 | 0.66% | 4,262.74 | 224.91 |
2011 | 5 | -3.66% | 4,106.61 | 225.96 |
2011 | 6 | 3.10% | 4,233.98 | 225.72 |
2011 | 7 | -10.40% | 3,793.62 | 225.92 |
2011 | 8 | -0.79% | 3,763.68 | 226.55 |
2011 | 9 | 3.02% | 3,877.30 | 226.89 |
2011 | 10 | 1.77% | 3,945.82 | 226.42 |
2011 | 11 | 1.55% | 4,007.17 | 226.23 |
2011 | 12 | 4.78% | 4,198.81 | 225.67 |
2012 | 1 | 4.16% | 4,373.59 | 226.67 |
2012 | 2 | 2.88% | 4,499.72 | 227.66 |
2012 | 3 | -0.04% | 4,498.00 | 229.39 |
2012 | 4 | -3.09% | 4,358.97 | 230.09 |
2012 | 5 | -1.15% | 4,308.74 | 229.82 |
2012 | 6 | 2.92% | 4,434.60 | 229.48 |
2012 | 7 | 3.39% | 4,584.83 | 229.10 |
2012 | 8 | 3.02% | 4,723.35 | 230.38 |
2012 | 9 | -0.22% | 4,713.09 | 231.41 |
2012 | 10 | -2.84% | 4,579.36 | 231.32 |
2012 | 11 | 2.18% | 4,678.98 | 230.22 |
2012 | 12 | 4.27% | 4,878.72 | 229.60 |
2013 | 1 | 2.33% | 4,992.54 | 230.28 |
2013 | 2 | 2.72% | 5,128.46 | 232.17 |
2013 | 3 | 1.45% | 5,203.01 | 232.77 |
2013 | 4 | 4.57% | 5,441.01 | 232.53 |
2013 | 5 | -1.12% | 5,380.20 | 232.95 |
2013 | 6 | 3.25% | 5,555.29 | 233.50 |
2013 | 7 | 0.25% | 5,569.32 | 233.60 |
2013 | 8 | 1.19% | 5,635.73 | 233.88 |
2013 | 9 | 2.12% | 5,755.07 | 234.15 |
2013 | 10 | 3.86% | 5,977.22 | 233.55 |
2013 | 11 | 1.52% | 6,068.17 | 233.07 |
2013 | 12 | 0.97% | 6,126.90 | 233.05 |
2014 | 1 | -0.13% | 6,118.93 | 233.92 |
2014 | 2 | 2.72% | 6,285.51 | 234.78 |
2014 | 3 | 0.20% | 6,298.19 | 236.29 |
2014 | 4 | 1.53% | 6,394.68 | 237.07 |
2014 | 5 | 3.20% | 6,599.07 | 237.90 |
2014 | 6 | 1.50% | 6,697.78 | 238.34 |
2014 | 7 | -0.43% | 6,669.18 | 238.25 |
2014 | 8 | 1.78% | 6,787.76 | 237.85 |
2014 | 9 | -2.65% | 6,608.12 | 238.03 |
2014 | 10 | 5.71% | 6,985.16 | 237.43 |
2014 | 11 | 0.63% | 7,029.44 | 236.15 |
2014 | 12 | -1.11% | 6,951.41 | 234.81 |
2015 | 1 | 2.83% | 7,147.95 | 233.71 |
2015 | 2 | 0.06% | 7,151.91 | 234.72 |
2015 | 3 | 0.88% | 7,214.73 | 236.12 |
2015 | 4 | 0.98% | 7,285.35 | 236.60 |
2015 | 5 | -0.44% | 7,253.63 | 237.81 |
2015 | 6 | -0.08% | 7,247.85 | 238.64 |
2015 | 7 | -2.42% | 7,072.13 | 238.65 |
2015 | 8 | -4.51% | 6,753.39 | 238.32 |
2015 | 9 | 4.32% | 7,044.94 | 237.95 |
2015 | 10 | 2.93% | 7,251.53 | 237.84 |
2015 | 11 | -1.10% | 7,171.55 | 237.34 |
2015 | 12 | -6.42% | 6,711.16 | 236.53 |
2016 | 1 | -0.55% | 6,674.26 | 236.92 |
2016 | 2 | 6.36% | 7,098.92 | 237.11 |
2016 | 3 | 2.83% | 7,299.91 | 238.13 |
2016 | 4 | -0.30% | 7,277.69 | 239.26 |
2016 | 5 | 1.07% | 7,355.31 | 240.23 |
2016 | 6 | 3.30% | 7,597.84 | 241.02 |
2016 | 7 | 1.20% | 7,688.96 | 240.63 |
2016 | 8 | -0.44% | 7,655.23 | 240.85 |
2016 | 9 | -0.51% | 7,616.50 | 241.43 |
2016 | 10 | 1.20% | 7,707.98 | 241.73 |
2016 | 11 | 3.95% | 8,012.14 | 241.35 |
2016 | 12 | 1.44% | 8,127.32 | 241.43 |
2017 | 1 | 2.58% | 8,336.72 | 242.84 |
2017 | 2 | 1.75% | 8,482.55 | 243.60 |
2017 | 3 | -0.15% | 8,469.49 | 243.80 |
2017 | 4 | 1.69% | 8,612.82 | 244.52 |
2017 | 5 | 1.78% | 8,765.82 | 244.73 |
2017 | 6 | 0.99% | 8,852.42 | 244.96 |
2017 | 7 | 0.25% | 8,874.36 | 244.79 |
2017 | 8 | 1.65% | 9,021.07 | 245.52 |
2017 | 9 | 2.73% | 9,267.78 | 246.82 |
2017 | 10 | 1.59% | 9,415.10 | 246.66 |
2017 | 11 | 2.88% | 9,686.58 | 246.67 |
2017 | 12 | 4.86% | 10,157.53 | 246.52 |
2018 | 1 | -2.89% | 9,864.32 | 247.87 |
2018 | 2 | 0.06% | 9,870.69 | 248.99 |
2018 | 3 | -1.66% | 9,706.44 | 249.55 |
2018 | 4 | 1.96% | 9,896.84 | 250.55 |
2018 | 5 | 2.11% | 10,105.96 | 251.59 |
2018 | 6 | 1.58% | 10,265.71 | 251.99 |
2018 | 7 | 2.45% | 10,517.30 | 252.01 |
2018 | 8 | 1.68% | 10,693.97 | 252.15 |
2018 | 9 | -3.85% | 10,282.36 | 252.44 |
2018 | 10 | -2.08% | 10,068.89 | 252.89 |
2018 | 11 | -5.56% | 9,508.80 | 252.04 |
2018 | 12 | 1.74% | 9,673.84 | 251.23 |
2019 | 1 | 5.83% | 10,237.72 | 251.71 |
2019 | 2 | 1.95% | 10,437.15 | 252.78 |
2019 | 3 | 3.72% | 10,825.75 | 254.20 |
2019 | 4 | -1.53% | 10,659.92 | 255.55 |
2019 | 5 | 1.40% | 10,809.67 | 256.09 |
2019 | 6 | 3.83% | 11,223.39 | 256.14 |
2019 | 7 | -3.13% | 10,871.60 | 256.57 |
2019 | 8 | 3.09% | 11,207.02 | 256.56 |
2019 | 9 | 0.01% | 11,208.12 | 256.76 |
2019 | 10 | 4.43% | 11,705.05 | 257.35 |
2019 | 11 | 2.47% | 11,994.08 | 257.21 |
2019 | 12 | 3.35% | 12,395.45 | 256.97 |
2020 | 1 | 0.12% | 12,410.59 | 257.97 |
2020 | 2 | -18.92% | 10,062.79 | 258.68 |
2020 | 3 | 4.32% | 10,497.36 | 258.12 |
2020 | 4 | 5.89% | 11,115.38 | 256.39 |
2020 | 5 | 6.51% | 11,838.80 | 256.39 |
2020 | 6 | 3.48% | 12,250.37 | 257.80 |
2020 | 7 | 5.89% | 12,972.34 | 259.10 |
2020 | 8 | -0.63% | 12,891.01 | 259.92 |
2020 | 9 | 1.73% | 13,113.50 | 260.28 |
2020 | 10 | 3.95% | 13,632.03 | 260.39 |
2020 | 11 | 4.26% | 14,212.76 | 260.23 |
2020 | 12 | 2.80% | 14,610.05 | 260.47 |
2021 | 1 | 2.49% | 14,974.07 | 261.58 |
2021 | 2 | 0.82% | 15,097.06 | 263.01 |
2021 | 3 | 6.02% | 16,006.12 | 264.88 |
2021 | 4 | 0.76% | 16,127.81 | 267.05 |
2021 | 5 | 1.81% | 16,419.79 | 269.20 |
2021 | 6 | 3.07% | 16,923.58 | 271.70 |
2021 | 7 | 2.19% | 17,293.39 | 273.00 |
2021 | 8 | -0.08% | 17,278.78 | 273.57 |
2021 | 9 | 0.45% | 17,356.91 | 274.31 |
2021 | 10 | 4.74% | 18,180.45 | 276.59 |
2021 | 11 | 0.27% | 18,228.70 | 277.95 |
2021 | 12 | -2.05% | 17,854.65 | 278.80 |
2022 | 1 | -2.90% | 17,336.41 | 281.15 |
2022 | 2 | -0.89% | 17,181.67 | 283.72 |
2022 | 3 | 0.12% | 17,201.99 | 287.50 |
2022 | 4 | -7.87% | 15,847.73 | 289.11 |
2022 | 5 | -3.37% | 15,313.76 | 292.30 |
2022 | 6 | 0.46% | 15,384.92 | 296.31 |
2022 | 7 | 6.45% | 16,376.84 | 296.28 |
2022 | 8 | -7.28% | 15,185.03 | 296.17 |
2022 | 9 | -3.09% | 14,715.64 | 296.81 |
2022 | 10 | 5.29% | 15,493.37 | 298.01 |
2022 | 11 | 0.01% | 15,495.05 | 297.71 |
2022 | 12 | 1.38% | 15,708.34 | 296.80 |
2023 | 1 | 3.15% | 16,202.67 | 299.17 |
2023 | 2 | -2.59% | 15,783.76 | 300.84 |
2023 | 3 | 4.00% | 16,414.52 | 301.84 |
2023 | 4 | 0.74% | 16,535.61 | 303.36 |
2023 | 5 | 4.94% | 17,352.83 | 304.13 |
2023 | 6 | 3.88% | 18,025.43 | 305.11 |
2023 | 7 | -1.00% | 17,845.60 | 305.69 |
2023 | 8 | -0.95% | 17,675.43 | 307.03 |
2023 | 9 | -3.04% | 17,138.57 | 307.79 |
2023 | 10 | 4.60% | 17,927.24 | 307.67 |
2023 | 11 | 5.18% | 18,855.02 | 307.05 |
2023 | 12 | 2.91% | 19,404.05 | 306.75 |
2024 | 1 | 4.20% | 20,218.88 | 308.42 |
2024 | 2 | 3.28% | 20,882.49 | 310.33 |
2024 | 3 | -1.01% | 20,671.76 | 312.33 |
2024 | 4 | 2.52% | 21,192.00 | 313.55 |
2024 | 5 | 5.34% | 22,324.42 | 314.07 |
Remember, returns are based on the average closing price across the entire month. Some losses are offset by dividend returns.
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 1972. This would result in a final amount of $20,715.49, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $22,324.42).
Year | Month | Contribution ($) | Amount ($) |
---|---|---|---|
1972 | 1 | 4.16 | 4.24 |
1972 | 2 | 4.16 | 8.61 |
1972 | 3 | 4.16 | 12.92 |
1972 | 4 | 4.16 | 16.93 |
1972 | 5 | 4.16 | 21.19 |
1972 | 6 | 4.16 | 25.22 |
1972 | 7 | 4.16 | 30.48 |
1972 | 8 | 4.16 | 34.21 |
1972 | 9 | 4.16 | 38.52 |
1972 | 10 | 4.16 | 44.91 |
1972 | 11 | 4.16 | 50.20 |
1972 | 12 | 4.16 | 54.89 |
1973 | 1 | 4.16 | 57.07 |
1973 | 2 | 4.16 | 60.40 |
1973 | 3 | 4.16 | 63.50 |
1973 | 4 | 4.16 | 65.91 |
1973 | 5 | 4.16 | 68.66 |
1973 | 6 | 4.16 | 73.69 |
1973 | 7 | 4.16 | 76.57 |
1973 | 8 | 4.16 | 82.33 |
1973 | 9 | 4.16 | 90.14 |
1973 | 10 | 4.16 | 87.83 |
1973 | 11 | 4.16 | 85.72 |
1973 | 12 | 4.32 | 91.56 |
1974 | 1 | - | 89.29 |
1974 | 2 | - | 93.38 |
1974 | 3 | - | 88.88 |
1974 | 4 | - | 86.47 |
1974 | 5 | - | 86.87 |
1974 | 6 | - | 77.01 |
1974 | 7 | - | 74.11 |
1974 | 8 | - | 66.69 |
1974 | 9 | - | 68.28 |
1974 | 10 | - | 70.83 |
1974 | 11 | - | 66.52 |
1974 | 12 | - | 72.26 |
1975 | 1 | - | 80.07 |
1975 | 2 | - | 84.05 |
1975 | 3 | - | 85.30 |
1975 | 4 | - | 91.03 |
1975 | 5 | - | 93.66 |
1975 | 6 | - | 94.07 |
1975 | 7 | - | 87.49 |
1975 | 8 | - | 86.74 |
1975 | 9 | - | 91.05 |
1975 | 10 | - | 92.91 |
1975 | 11 | - | 91.81 |
1975 | 12 | - | 100.58 |
1976 | 1 | - | 104.78 |
1976 | 2 | - | 105.62 |
1976 | 3 | - | 106.78 |
1976 | 4 | - | 106.37 |
1976 | 5 | - | 107.33 |
1976 | 6 | - | 110.19 |
1976 | 7 | - | 109.57 |
1976 | 8 | - | 112.24 |
1976 | 9 | - | 108.75 |
1976 | 10 | - | 108.35 |
1976 | 11 | - | 112.46 |
1976 | 12 | - | 111.85 |
1977 | 1 | - | 109.20 |
1977 | 2 | - | 109.14 |
1977 | 3 | - | 107.84 |
1977 | 4 | - | 107.91 |
1977 | 5 | - | 108.88 |
1977 | 6 | - | 110.28 |
1977 | 7 | - | 107.99 |
1977 | 8 | - | 106.72 |
1977 | 9 | - | 104.37 |
1977 | 10 | - | 105.40 |
1977 | 11 | - | 105.31 |
1977 | 12 | - | 101.74 |
1978 | 1 | - | 100.75 |
1978 | 2 | - | 101.02 |
1978 | 3 | - | 105.90 |
1978 | 4 | - | 111.73 |
1978 | 5 | - | 112.48 |
1978 | 6 | - | 112.41 |
1978 | 7 | - | 120.65 |
1978 | 8 | - | 121.13 |
1978 | 9 | - | 117.77 |
1978 | 10 | - | 111.37 |
1978 | 11 | - | 113.51 |
1978 | 12 | - | 118.26 |
1979 | 1 | - | 117.01 |
1979 | 2 | - | 119.75 |
1979 | 3 | - | 122.66 |
1979 | 4 | - | 120.34 |
1979 | 5 | - | 123.25 |
1979 | 6 | - | 125.00 |
1979 | 7 | - | 131.27 |
1979 | 8 | - | 133.29 |
1979 | 9 | - | 128.82 |
1979 | 10 | - | 128.40 |
1979 | 11 | - | 134.06 |
1979 | 12 | - | 138.50 |
1980 | 1 | - | 144.59 |
1980 | 2 | - | 131.90 |
1980 | 3 | - | 130.36 |
1980 | 4 | - | 136.93 |
1980 | 5 | - | 146.33 |
1980 | 6 | - | 153.60 |
1980 | 7 | - | 158.98 |
1980 | 8 | - | 163.49 |
1980 | 9 | - | 168.92 |
1980 | 10 | - | 176.72 |
1980 | 11 | - | 174.52 |
1980 | 12 | - | 174.54 |
1981 | 1 | - | 169.18 |
1981 | 2 | - | 176.19 |
1981 | 3 | - | 178.47 |
1981 | 4 | - | 175.58 |
1981 | 5 | - | 177.09 |
1981 | 6 | - | 173.52 |
1981 | 7 | - | 174.91 |
1981 | 8 | - | 160.39 |
1981 | 9 | - | 163.16 |
1981 | 10 | - | 168.12 |
1981 | 11 | - | 170.11 |
1981 | 12 | - | 161.93 |
1982 | 1 | - | 158.83 |
1982 | 2 | - | 154.48 |
1982 | 3 | - | 162.92 |
1982 | 4 | - | 163.85 |
1982 | 5 | - | 155.22 |
1982 | 6 | - | 155.59 |
1982 | 7 | - | 156.83 |
1982 | 8 | - | 175.80 |
1982 | 9 | - | 191.41 |
1982 | 10 | - | 200.03 |
1982 | 11 | - | 202.74 |
1982 | 12 | - | 210.70 |
1983 | 1 | - | 215.19 |
1983 | 2 | - | 223.50 |
1983 | 3 | - | 232.89 |
1983 | 4 | - | 243.19 |
1983 | 5 | - | 247.45 |
1983 | 6 | - | 249.20 |
1983 | 7 | - | 243.21 |
1983 | 8 | - | 251.27 |
1983 | 9 | - | 252.89 |
1983 | 10 | - | 250.01 |
1983 | 11 | - | 249.69 |
1983 | 12 | - | 253.62 |
1984 | 1 | - | 240.66 |
1984 | 2 | - | 241.72 |
1984 | 3 | - | 242.95 |
1984 | 4 | - | 242.33 |
1984 | 5 | - | 237.85 |
1984 | 6 | - | 235.69 |
1984 | 7 | - | 257.39 |
1984 | 8 | - | 261.01 |
1984 | 9 | - | 259.94 |
1984 | 10 | - | 263.28 |
1984 | 11 | - | 261.42 |
1984 | 12 | - | 273.70 |
1985 | 1 | - | 289.54 |
1985 | 2 | - | 288.15 |
1985 | 3 | - | 291.10 |
1985 | 4 | - | 299.07 |
1985 | 5 | - | 306.58 |
1985 | 6 | - | 313.47 |
1985 | 7 | - | 307.68 |
1985 | 8 | - | 301.88 |
1985 | 9 | - | 306.40 |
1985 | 10 | - | 326.07 |
1985 | 11 | - | 343.33 |
1985 | 12 | - | 345.92 |
1986 | 1 | - | 365.62 |
1986 | 2 | - | 388.23 |
1986 | 3 | - | 398.87 |
1986 | 4 | - | 400.83 |
1986 | 5 | - | 413.39 |
1986 | 6 | - | 405.94 |
1986 | 7 | - | 415.19 |
1986 | 8 | - | 405.00 |
1986 | 9 | - | 404.63 |
1986 | 10 | - | 418.93 |
1986 | 11 | - | 426.09 |
1986 | 12 | - | 454.52 |
1987 | 1 | - | 483.89 |
1987 | 2 | - | 505.07 |
1987 | 3 | - | 500.74 |
1987 | 4 | - | 501.61 |
1987 | 5 | - | 524.17 |
1987 | 6 | - | 540.54 |
1987 | 7 | - | 575.42 |
1987 | 8 | - | 557.99 |
1987 | 9 | - | 491.84 |
1987 | 10 | - | 431.33 |
1987 | 11 | - | 425.57 |
1987 | 12 | - | 443.65 |
1988 | 1 | - | 458.41 |
1988 | 2 | - | 473.23 |
1988 | 3 | - | 469.04 |
1988 | 4 | - | 458.77 |
1988 | 5 | - | 486.29 |
1988 | 6 | - | 484.80 |
1988 | 7 | - | 476.47 |
1988 | 8 | - | 485.65 |
1988 | 9 | - | 504.11 |
1988 | 10 | - | 493.93 |
1988 | 11 | - | 505.42 |
1988 | 12 | - | 523.17 |
1989 | 1 | - | 540.43 |
1989 | 2 | - | 539.56 |
1989 | 3 | - | 558.79 |
1989 | 4 | - | 581.79 |
1989 | 5 | - | 601.53 |
1989 | 6 | - | 618.37 |
1989 | 7 | - | 647.38 |
1989 | 8 | - | 650.33 |
1989 | 9 | - | 652.19 |
1989 | 10 | - | 640.36 |
1989 | 11 | - | 657.88 |
1989 | 12 | - | 643.34 |
1990 | 1 | - | 627.08 |
1990 | 2 | - | 644.06 |
1990 | 3 | - | 645.32 |
1990 | 4 | - | 670.17 |
1990 | 5 | - | 691.41 |
1990 | 6 | - | 692.59 |
1990 | 7 | - | 638.14 |
1990 | 8 | - | 610.44 |
1990 | 9 | - | 596.30 |
1990 | 10 | - | 614.09 |
1990 | 11 | - | 642.26 |
1990 | 12 | - | 637.86 |
1991 | 1 | - | 711.89 |
1991 | 2 | - | 733.57 |
1991 | 3 | - | 750.14 |
1991 | 4 | - | 748.80 |
1991 | 5 | - | 751.40 |
1991 | 6 | - | 757.26 |
1991 | 7 | - | 777.55 |
1991 | 8 | - | 775.19 |
1991 | 9 | - | 776.60 |
1991 | 10 | - | 776.72 |
1991 | 11 | - | 783.98 |
1991 | 12 | - | 841.67 |
1992 | 1 | - | 836.61 |
1992 | 2 | - | 828.14 |
1992 | 3 | - | 830.33 |
1992 | 4 | - | 847.51 |
1992 | 5 | - | 836.24 |
1992 | 6 | - | 852.23 |
1992 | 7 | - | 860.26 |
1992 | 8 | - | 863.51 |
1992 | 9 | - | 853.30 |
1992 | 10 | - | 876.83 |
1992 | 11 | - | 905.51 |
1992 | 12 | - | 906.80 |
1993 | 1 | - | 922.44 |
1993 | 2 | - | 942.27 |
1993 | 3 | - | 929.63 |
1993 | 4 | - | 936.37 |
1993 | 5 | - | 944.47 |
1993 | 6 | - | 945.05 |
1993 | 7 | - | 961.70 |
1993 | 8 | - | 974.73 |
1993 | 9 | - | 986.84 |
1993 | 10 | - | 986.91 |
1993 | 11 | - | 995.67 |
1993 | 12 | - | 1,012.95 |
1994 | 1 | - | 1,012.19 |
1994 | 2 | - | 997.77 |
1994 | 3 | - | 964.38 |
1994 | 4 | - | 974.59 |
1994 | 5 | - | 985.39 |
1994 | 6 | - | 980.28 |
1994 | 7 | - | 1,010.49 |
1994 | 8 | - | 1,018.75 |
1994 | 9 | - | 1,014.23 |
1994 | 10 | - | 1,010.47 |
1994 | 11 | - | 1,000.11 |
1994 | 12 | - | 1,024.62 |
1995 | 1 | - | 1,063.76 |
1995 | 2 | - | 1,090.97 |
1995 | 3 | - | 1,126.05 |
1995 | 4 | - | 1,163.75 |
1995 | 5 | - | 1,200.74 |
1995 | 6 | - | 1,243.33 |
1995 | 7 | - | 1,249.71 |
1995 | 8 | - | 1,296.17 |
1995 | 9 | - | 1,308.00 |
1995 | 10 | - | 1,338.85 |
1995 | 11 | - | 1,384.22 |
1995 | 12 | - | 1,386.47 |
1996 | 1 | - | 1,468.34 |
1996 | 2 | - | 1,465.39 |
1996 | 3 | - | 1,468.28 |
1996 | 4 | - | 1,502.85 |
1996 | 5 | - | 1,522.07 |
1996 | 6 | - | 1,469.15 |
1996 | 7 | - | 1,514.34 |
1996 | 8 | - | 1,544.99 |
1996 | 9 | - | 1,608.63 |
1996 | 10 | - | 1,689.90 |
1996 | 11 | - | 1,710.15 |
1996 | 12 | - | 1,765.86 |
1997 | 1 | - | 1,842.87 |
1997 | 2 | - | 1,831.38 |
1997 | 3 | - | 1,769.01 |
1997 | 4 | - | 1,932.08 |
1997 | 5 | - | 2,035.19 |
1997 | 6 | - | 2,151.93 |
1997 | 7 | - | 2,159.41 |
1997 | 8 | - | 2,185.15 |
1997 | 9 | - | 2,221.11 |
1997 | 10 | - | 2,195.52 |
1997 | 11 | - | 2,253.36 |
1997 | 12 | - | 2,258.70 |
1998 | 1 | - | 2,403.31 |
1998 | 2 | - | 2,530.99 |
1998 | 3 | - | 2,617.19 |
1998 | 4 | - | 2,611.38 |
1998 | 5 | - | 2,614.43 |
1998 | 6 | - | 2,731.23 |
1998 | 7 | - | 2,540.84 |
1998 | 8 | - | 2,416.37 |
1998 | 9 | - | 2,447.57 |
1998 | 10 | - | 2,716.17 |
1998 | 11 | - | 2,827.65 |
1998 | 12 | - | 2,970.38 |
1999 | 1 | - | 2,968.39 |
1999 | 2 | - | 3,055.18 |
1999 | 3 | - | 3,185.02 |
1999 | 4 | - | 3,181.87 |
1999 | 5 | - | 3,162.41 |
1999 | 6 | - | 3,305.42 |
1999 | 7 | - | 3,180.66 |
1999 | 8 | - | 3,161.64 |
1999 | 9 | - | 3,121.41 |
1999 | 10 | - | 3,343.22 |
1999 | 11 | - | 3,437.12 |
1999 | 12 | - | 3,433.03 |
2000 | 1 | - | 3,347.96 |
2000 | 2 | - | 3,479.90 |
2000 | 3 | - | 3,529.48 |
2000 | 4 | - | 3,429.28 |
2000 | 5 | - | 3,537.77 |
2000 | 6 | - | 3,567.85 |
2000 | 7 | - | 3,601.38 |
2000 | 8 | - | 3,562.50 |
2000 | 9 | - | 3,376.74 |
2000 | 10 | - | 3,350.65 |
2000 | 11 | - | 3,239.41 |
2000 | 12 | - | 3,254.15 |
2001 | 1 | - | 3,184.63 |
2001 | 2 | - | 2,895.47 |
2001 | 3 | - | 2,908.46 |
2001 | 4 | - | 3,108.54 |
2001 | 5 | - | 3,034.29 |
2001 | 6 | - | 2,953.57 |
2001 | 7 | - | 2,893.15 |
2001 | 8 | - | 2,567.75 |
2001 | 9 | - | 2,649.50 |
2001 | 10 | - | 2,783.39 |
2001 | 11 | - | 2,824.19 |
2001 | 12 | - | 2,815.79 |
2002 | 1 | - | 2,721.38 |
2002 | 2 | - | 2,855.96 |
2002 | 3 | - | 2,755.59 |
2002 | 4 | - | 2,677.87 |
2002 | 5 | - | 2,519.31 |
2002 | 6 | - | 2,248.27 |
2002 | 7 | - | 2,273.88 |
2002 | 8 | - | 2,165.69 |
2002 | 9 | - | 2,136.09 |
2002 | 10 | - | 2,277.61 |
2002 | 11 | - | 2,254.04 |
2002 | 12 | - | 2,249.02 |
2003 | 1 | - | 2,104.75 |
2003 | 2 | - | 2,132.28 |
2003 | 3 | - | 2,244.99 |
2003 | 4 | - | 2,364.25 |
2003 | 5 | - | 2,499.11 |
2003 | 6 | - | 2,514.00 |
2003 | 7 | - | 2,509.82 |
2003 | 8 | - | 2,589.16 |
2003 | 9 | - | 2,641.66 |
2003 | 10 | - | 2,673.64 |
2003 | 11 | - | 2,755.56 |
2003 | 12 | - | 2,891.54 |
2004 | 1 | - | 2,922.97 |
2004 | 2 | - | 2,877.22 |
2004 | 3 | - | 2,905.07 |
2004 | 4 | - | 2,830.58 |
2004 | 5 | - | 2,911.47 |
2004 | 6 | - | 2,846.29 |
2004 | 7 | - | 2,806.79 |
2004 | 8 | - | 2,884.89 |
2004 | 9 | - | 2,887.85 |
2004 | 10 | - | 3,025.72 |
2004 | 11 | - | 3,108.24 |
2004 | 12 | - | 3,066.30 |
2005 | 1 | - | 3,117.86 |
2005 | 2 | - | 3,109.89 |
2005 | 3 | - | 3,034.97 |
2005 | 4 | - | 3,075.51 |
2005 | 5 | - | 3,142.58 |
2005 | 6 | - | 3,199.39 |
2005 | 7 | - | 3,209.31 |
2005 | 8 | - | 3,218.29 |
2005 | 9 | - | 3,133.83 |
2005 | 10 | - | 3,257.98 |
2005 | 11 | - | 3,327.84 |
2005 | 12 | - | 3,376.65 |
2006 | 1 | - | 3,376.09 |
2006 | 2 | - | 3,426.26 |
2006 | 3 | - | 3,453.61 |
2006 | 4 | - | 3,426.45 |
2006 | 5 | - | 3,333.73 |
2006 | 6 | - | 3,357.74 |
2006 | 7 | - | 3,434.69 |
2006 | 8 | - | 3,521.63 |
2006 | 9 | - | 3,648.97 |
2006 | 10 | - | 3,722.01 |
2006 | 11 | - | 3,801.96 |
2006 | 12 | - | 3,828.30 |
2007 | 1 | - | 3,889.41 |
2007 | 2 | - | 3,793.19 |
2007 | 3 | - | 3,951.75 |
2007 | 4 | - | 4,085.79 |
2007 | 5 | - | 4,099.88 |
2007 | 6 | - | 4,123.44 |
2007 | 7 | - | 3,950.21 |
2007 | 8 | - | 4,071.66 |
2007 | 9 | - | 4,193.47 |
2007 | 10 | - | 3,991.92 |
2007 | 11 | - | 4,041.35 |
2007 | 12 | - | 3,773.20 |
2008 | 1 | - | 3,714.19 |
2008 | 2 | - | 3,616.63 |
2008 | 3 | - | 3,770.11 |
2008 | 4 | - | 3,866.73 |
2008 | 5 | - | 3,702.52 |
2008 | 6 | - | 3,477.47 |
2008 | 7 | - | 3,550.86 |
2008 | 8 | - | 3,378.73 |
2008 | 9 | - | 2,696.44 |
2008 | 10 | - | 2,464.40 |
2008 | 11 | - | 2,455.75 |
2008 | 12 | - | 2,428.84 |
2009 | 1 | - | 2,266.05 |
2009 | 2 | - | 2,137.17 |
2009 | 3 | - | 2,400.51 |
2009 | 4 | - | 2,560.38 |
2009 | 5 | - | 2,633.83 |
2009 | 6 | - | 2,667.48 |
2009 | 7 | - | 2,884.10 |
2009 | 8 | - | 2,989.38 |
2009 | 9 | - | 3,061.22 |
2009 | 10 | - | 3,125.33 |
2009 | 11 | - | 3,194.90 |
2009 | 12 | - | 3,238.25 |
2010 | 1 | - | 3,144.39 |
2010 | 2 | - | 3,331.26 |
2010 | 3 | - | 3,467.44 |
2010 | 4 | - | 3,263.47 |
2010 | 5 | - | 3,147.83 |
2010 | 6 | - | 3,142.82 |
2010 | 7 | - | 3,169.96 |
2010 | 8 | - | 3,276.83 |
2010 | 9 | - | 3,426.82 |
2010 | 10 | - | 3,512.18 |
2010 | 11 | - | 3,642.62 |
2010 | 12 | - | 3,768.73 |
2011 | 1 | - | 3,887.48 |
2011 | 2 | - | 3,844.23 |
2011 | 3 | - | 3,929.61 |
2011 | 4 | - | 3,955.52 |
2011 | 5 | - | 3,810.64 |
2011 | 6 | - | 3,928.84 |
2011 | 7 | - | 3,520.21 |
2011 | 8 | - | 3,492.43 |
2011 | 9 | - | 3,597.86 |
2011 | 10 | - | 3,661.44 |
2011 | 11 | - | 3,718.37 |
2011 | 12 | - | 3,896.20 |
2012 | 1 | - | 4,058.39 |
2012 | 2 | - | 4,175.42 |
2012 | 3 | - | 4,173.83 |
2012 | 4 | - | 4,044.82 |
2012 | 5 | - | 3,998.20 |
2012 | 6 | - | 4,114.99 |
2012 | 7 | - | 4,254.40 |
2012 | 8 | - | 4,382.93 |
2012 | 9 | - | 4,373.41 |
2012 | 10 | - | 4,249.32 |
2012 | 11 | - | 4,341.76 |
2012 | 12 | - | 4,527.10 |
2013 | 1 | - | 4,632.72 |
2013 | 2 | - | 4,758.85 |
2013 | 3 | - | 4,828.03 |
2013 | 4 | - | 5,048.88 |
2013 | 5 | - | 4,992.44 |
2013 | 6 | - | 5,154.92 |
2013 | 7 | - | 5,167.94 |
2013 | 8 | - | 5,229.56 |
2013 | 9 | - | 5,340.30 |
2013 | 10 | - | 5,546.44 |
2013 | 11 | - | 5,630.83 |
2013 | 12 | - | 5,685.33 |
2014 | 1 | - | 5,677.94 |
2014 | 2 | - | 5,832.51 |
2014 | 3 | - | 5,844.27 |
2014 | 4 | - | 5,933.81 |
2014 | 5 | - | 6,123.47 |
2014 | 6 | - | 6,215.07 |
2014 | 7 | - | 6,188.53 |
2014 | 8 | - | 6,298.57 |
2014 | 9 | - | 6,131.87 |
2014 | 10 | - | 6,481.73 |
2014 | 11 | - | 6,522.82 |
2014 | 12 | - | 6,450.41 |
2015 | 1 | - | 6,632.79 |
2015 | 2 | - | 6,636.46 |
2015 | 3 | - | 6,694.76 |
2015 | 4 | - | 6,760.29 |
2015 | 5 | - | 6,730.85 |
2015 | 6 | - | 6,725.49 |
2015 | 7 | - | 6,562.44 |
2015 | 8 | - | 6,266.67 |
2015 | 9 | - | 6,537.20 |
2015 | 10 | - | 6,728.91 |
2015 | 11 | - | 6,654.69 |
2015 | 12 | - | 6,227.48 |
2016 | 1 | - | 6,193.24 |
2016 | 2 | - | 6,587.30 |
2016 | 3 | - | 6,773.80 |
2016 | 4 | - | 6,753.18 |
2016 | 5 | - | 6,825.20 |
2016 | 6 | - | 7,050.26 |
2016 | 7 | - | 7,134.81 |
2016 | 8 | - | 7,103.51 |
2016 | 9 | - | 7,067.57 |
2016 | 10 | - | 7,152.46 |
2016 | 11 | - | 7,434.70 |
2016 | 12 | - | 7,541.58 |
2017 | 1 | - | 7,735.89 |
2017 | 2 | - | 7,871.21 |
2017 | 3 | - | 7,859.09 |
2017 | 4 | - | 7,992.09 |
2017 | 5 | - | 8,134.06 |
2017 | 6 | - | 8,214.42 |
2017 | 7 | - | 8,234.77 |
2017 | 8 | - | 8,370.92 |
2017 | 9 | - | 8,599.85 |
2017 | 10 | - | 8,736.55 |
2017 | 11 | - | 8,988.46 |
2017 | 12 | - | 9,425.47 |
2018 | 1 | - | 9,153.39 |
2018 | 2 | - | 9,159.30 |
2018 | 3 | - | 9,006.89 |
2018 | 4 | - | 9,183.57 |
2018 | 5 | - | 9,377.62 |
2018 | 6 | - | 9,525.85 |
2018 | 7 | - | 9,759.31 |
2018 | 8 | - | 9,923.25 |
2018 | 9 | - | 9,541.30 |
2018 | 10 | - | 9,343.21 |
2018 | 11 | - | 8,823.50 |
2018 | 12 | - | 8,976.64 |
2019 | 1 | - | 9,499.88 |
2019 | 2 | - | 9,684.94 |
2019 | 3 | - | 10,045.53 |
2019 | 4 | - | 9,891.66 |
2019 | 5 | - | 10,030.61 |
2019 | 6 | - | 10,414.51 |
2019 | 7 | - | 10,088.08 |
2019 | 8 | - | 10,399.32 |
2019 | 9 | - | 10,400.34 |
2019 | 10 | - | 10,861.46 |
2019 | 11 | - | 11,129.66 |
2019 | 12 | - | 11,502.11 |
2020 | 1 | - | 11,516.15 |
2020 | 2 | - | 9,337.56 |
2020 | 3 | - | 9,740.81 |
2020 | 4 | - | 10,314.29 |
2020 | 5 | - | 10,985.57 |
2020 | 6 | - | 11,367.47 |
2020 | 7 | - | 12,037.42 |
2020 | 8 | - | 11,961.94 |
2020 | 9 | - | 12,168.41 |
2020 | 10 | - | 12,649.56 |
2020 | 11 | - | 13,188.44 |
2020 | 12 | - | 13,557.10 |
2021 | 1 | - | 13,894.87 |
2021 | 2 | - | 14,009.00 |
2021 | 3 | - | 14,852.55 |
2021 | 4 | - | 14,965.47 |
2021 | 5 | - | 15,236.40 |
2021 | 6 | - | 15,703.89 |
2021 | 7 | - | 16,047.04 |
2021 | 8 | - | 16,033.48 |
2021 | 9 | - | 16,105.98 |
2021 | 10 | - | 16,870.17 |
2021 | 11 | - | 16,914.94 |
2021 | 12 | - | 16,567.86 |
2022 | 1 | - | 16,086.96 |
2022 | 2 | - | 15,943.37 |
2022 | 3 | - | 15,962.24 |
2022 | 4 | - | 14,705.57 |
2022 | 5 | - | 14,210.08 |
2022 | 6 | - | 14,276.12 |
2022 | 7 | - | 15,196.55 |
2022 | 8 | - | 14,090.64 |
2022 | 9 | - | 13,655.07 |
2022 | 10 | - | 14,376.76 |
2022 | 11 | - | 14,378.31 |
2022 | 12 | - | 14,576.23 |
2023 | 1 | - | 15,034.94 |
2023 | 2 | - | 14,646.22 |
2023 | 3 | - | 15,231.51 |
2023 | 4 | - | 15,343.88 |
2023 | 5 | - | 16,102.20 |
2023 | 6 | - | 16,726.33 |
2023 | 7 | - | 16,559.46 |
2023 | 8 | - | 16,401.55 |
2023 | 9 | - | 15,903.39 |
2023 | 10 | - | 16,635.22 |
2023 | 11 | - | 17,496.13 |
2023 | 12 | - | 18,005.59 |
2024 | 1 | - | 18,761.69 |
2024 | 2 | - | 19,377.47 |
2024 | 3 | - | 19,181.93 |
2024 | 4 | - | 19,664.68 |
2024 | 5 | - | 20,715.49 |
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 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.
Start Value Average monthly close | $103.30 |
End Value Average monthly close | $5,509.01 |
Change in price | +5,233.02% +7.95% / yr |
Change incl. dividends | +22,224.42% +10.87% / yr |
Change incl. dividends, inflation-adjusted | +2,857.79% +6.68% / yr |
Final amount, nominal ($100 base) | $22,324.42 |
Final amount, inflation-adjusted ($100 base) | $2,957.79 |