If you invested $100 in the S&P 500 at the beginning of 1973, you would have about $18,940.81 at the end of 2024, assuming you reinvested all dividends. This is a return on investment of 18,840.81%, or 10.74% per year.
This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 2,565.58% cumulatively, or 6.59% per year.
If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $23,419.05.
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 $18,840.81, or 18,840.81%. This means by 2024 you would have $18,940.81 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 1973 was 44.400 and the CPI in 2024 was 315.493.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 51 years.
Adjusted for inflation, the $18,940.81 nominal end value of the original $100 investment would have a real return of roughly $2,565.58 in 1973 dollars. This means the inflation-adjusted return is 2,565.58% as opposed to the original 18,840.81%.
For more information on inflation, see our U.S. inflation calculator for 1973.
The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 617-month period between 1973 and 2024.
Note that data shown is the monthly average closing price. Returns include dividends.
Year | Month | Return (%) | Amount ($) | CPI |
---|---|---|---|---|
1973 | 1 | -3.33% | 96.67 | 42.60 |
1973 | 2 | -1.35% | 95.37 | 42.90 |
1973 | 3 | -1.63% | 93.82 | 43.30 |
1973 | 4 | -2.57% | 91.41 | 43.60 |
1973 | 5 | -1.99% | 89.59 | 43.90 |
1973 | 6 | 1.21% | 90.67 | 44.20 |
1973 | 7 | -1.64% | 89.19 | 44.30 |
1973 | 8 | 2.00% | 90.97 | 45.10 |
1973 | 9 | 4.24% | 94.82 | 45.20 |
1973 | 10 | -6.85% | 88.32 | 45.60 |
1973 | 11 | -6.81% | 82.31 | 45.90 |
1973 | 12 | 1.70% | 83.71 | 46.20 |
1974 | 1 | -2.47% | 81.64 | 46.60 |
1974 | 2 | 4.57% | 85.38 | 47.20 |
1974 | 3 | -4.82% | 81.26 | 47.80 |
1974 | 4 | -2.71% | 79.07 | 48.00 |
1974 | 5 | 0.46% | 79.43 | 48.60 |
1974 | 6 | -11.35% | 70.41 | 49.00 |
1974 | 7 | -3.76% | 67.76 | 49.40 |
1974 | 8 | -10.01% | 60.98 | 50.00 |
1974 | 9 | 2.38% | 62.43 | 50.60 |
1974 | 10 | 3.74% | 64.76 | 51.10 |
1974 | 11 | -6.09% | 60.82 | 51.50 |
1974 | 12 | 8.63% | 66.07 | 51.90 |
1975 | 1 | 10.81% | 73.21 | 52.10 |
1975 | 2 | 4.97% | 76.85 | 52.50 |
1975 | 3 | 1.49% | 77.99 | 52.70 |
1975 | 4 | 6.71% | 83.23 | 52.90 |
1975 | 5 | 2.89% | 85.64 | 53.20 |
1975 | 6 | 0.43% | 86.01 | 53.60 |
1975 | 7 | -7.00% | 79.99 | 54.20 |
1975 | 8 | -0.85% | 79.31 | 54.30 |
1975 | 9 | 4.97% | 83.25 | 54.60 |
1975 | 10 | 2.04% | 84.95 | 54.90 |
1975 | 11 | -1.18% | 83.95 | 55.30 |
1975 | 12 | 9.55% | 91.96 | 55.50 |
1976 | 1 | 4.18% | 95.80 | 55.60 |
1976 | 2 | 0.80% | 96.57 | 55.80 |
1976 | 3 | 1.10% | 97.63 | 55.90 |
1976 | 4 | -0.38% | 97.26 | 56.10 |
1976 | 5 | 0.90% | 98.13 | 56.50 |
1976 | 6 | 2.67% | 100.75 | 56.80 |
1976 | 7 | -0.56% | 100.18 | 57.10 |
1976 | 8 | 2.44% | 102.63 | 57.40 |
1976 | 9 | -3.11% | 99.44 | 57.60 |
1976 | 10 | -0.37% | 99.07 | 57.90 |
1976 | 11 | 3.79% | 102.82 | 58.00 |
1976 | 12 | -0.54% | 102.27 | 58.20 |
1977 | 1 | -2.37% | 99.85 | 58.50 |
1977 | 2 | -0.05% | 99.79 | 59.10 |
1977 | 3 | -1.19% | 98.60 | 59.50 |
1977 | 4 | 0.06% | 98.67 | 60.00 |
1977 | 5 | 0.90% | 99.55 | 60.30 |
1977 | 6 | 1.28% | 100.83 | 60.70 |
1977 | 7 | -2.08% | 98.74 | 61.00 |
1977 | 8 | -1.18% | 97.57 | 61.20 |
1977 | 9 | -2.20% | 95.43 | 61.40 |
1977 | 10 | 0.98% | 96.37 | 61.60 |
1977 | 11 | -0.08% | 96.29 | 61.90 |
1977 | 12 | -3.39% | 93.02 | 62.10 |
1978 | 1 | -0.97% | 92.12 | 62.50 |
1978 | 2 | 0.27% | 92.37 | 62.90 |
1978 | 3 | 4.83% | 96.83 | 63.40 |
1978 | 4 | 5.50% | 102.16 | 63.90 |
1978 | 5 | 0.67% | 102.84 | 64.50 |
1978 | 6 | -0.06% | 102.78 | 65.20 |
1978 | 7 | 7.33% | 110.31 | 65.70 |
1978 | 8 | 0.40% | 110.75 | 66.00 |
1978 | 9 | -2.77% | 107.68 | 66.50 |
1978 | 10 | -5.44% | 101.83 | 67.10 |
1978 | 11 | 1.92% | 103.78 | 67.40 |
1978 | 12 | 4.19% | 108.13 | 67.70 |
1979 | 1 | -1.06% | 106.98 | 68.30 |
1979 | 2 | 2.34% | 109.49 | 69.10 |
1979 | 3 | 2.43% | 112.15 | 69.80 |
1979 | 4 | -1.89% | 110.03 | 70.60 |
1979 | 5 | 2.42% | 112.69 | 71.50 |
1979 | 6 | 1.42% | 114.29 | 72.30 |
1979 | 7 | 5.01% | 120.02 | 73.10 |
1979 | 8 | 1.54% | 121.87 | 73.80 |
1979 | 9 | -3.35% | 117.78 | 74.60 |
1979 | 10 | -0.32% | 117.40 | 75.20 |
1979 | 11 | 4.40% | 122.57 | 75.90 |
1979 | 12 | 3.31% | 126.63 | 76.70 |
1980 | 1 | 4.40% | 132.20 | 77.80 |
1980 | 2 | -8.78% | 120.60 | 78.90 |
1980 | 3 | -1.16% | 119.19 | 80.10 |
1980 | 4 | 5.04% | 125.20 | 81.00 |
1980 | 5 | 6.86% | 133.79 | 81.80 |
1980 | 6 | 4.97% | 140.44 | 82.70 |
1980 | 7 | 3.50% | 145.36 | 82.70 |
1980 | 8 | 2.84% | 149.48 | 83.30 |
1980 | 9 | 3.32% | 154.45 | 84.00 |
1980 | 10 | 4.61% | 161.58 | 84.80 |
1980 | 11 | -1.24% | 159.57 | 85.50 |
1980 | 12 | 0.01% | 159.58 | 86.30 |
1981 | 1 | -3.07% | 154.68 | 87.00 |
1981 | 2 | 4.14% | 161.09 | 87.90 |
1981 | 3 | 1.29% | 163.18 | 88.50 |
1981 | 4 | -1.62% | 160.54 | 89.10 |
1981 | 5 | 0.86% | 161.92 | 89.80 |
1981 | 6 | -2.02% | 158.65 | 90.60 |
1981 | 7 | 0.80% | 159.92 | 91.60 |
1981 | 8 | -8.30% | 146.65 | 92.30 |
1981 | 9 | 1.73% | 149.18 | 93.20 |
1981 | 10 | 3.04% | 153.72 | 93.40 |
1981 | 11 | 1.18% | 155.53 | 93.70 |
1981 | 12 | -4.80% | 148.06 | 94.00 |
1982 | 1 | -1.91% | 145.23 | 94.30 |
1982 | 2 | -2.74% | 141.24 | 94.60 |
1982 | 3 | 5.47% | 148.97 | 94.50 |
1982 | 4 | 0.57% | 149.81 | 94.90 |
1982 | 5 | -5.27% | 141.92 | 95.80 |
1982 | 6 | 0.24% | 142.26 | 97.00 |
1982 | 7 | 0.79% | 143.39 | 97.50 |
1982 | 8 | 12.10% | 160.74 | 97.70 |
1982 | 9 | 8.88% | 175.02 | 97.90 |
1982 | 10 | 4.50% | 182.89 | 98.20 |
1982 | 11 | 1.36% | 185.37 | 98.00 |
1982 | 12 | 3.93% | 192.65 | 97.60 |
1983 | 1 | 2.13% | 196.75 | 97.80 |
1983 | 2 | 3.87% | 204.36 | 97.90 |
1983 | 3 | 4.20% | 212.93 | 97.90 |
1983 | 4 | 4.42% | 222.35 | 98.60 |
1983 | 5 | 1.75% | 226.25 | 99.20 |
1983 | 6 | 0.71% | 227.86 | 99.50 |
1983 | 7 | -2.41% | 222.37 | 99.90 |
1983 | 8 | 3.31% | 229.74 | 100.20 |
1983 | 9 | 0.65% | 231.23 | 100.70 |
1983 | 10 | -1.14% | 228.59 | 101.00 |
1983 | 11 | -0.13% | 228.30 | 101.20 |
1983 | 12 | 1.58% | 231.89 | 101.30 |
1984 | 1 | -5.11% | 220.04 | 101.90 |
1984 | 2 | 0.44% | 221.01 | 102.40 |
1984 | 3 | 0.51% | 222.13 | 102.60 |
1984 | 4 | -0.25% | 221.57 | 103.10 |
1984 | 5 | -1.85% | 217.48 | 103.40 |
1984 | 6 | -0.91% | 215.50 | 103.70 |
1984 | 7 | 9.21% | 235.34 | 104.10 |
1984 | 8 | 1.41% | 238.65 | 104.50 |
1984 | 9 | -0.41% | 237.67 | 105.00 |
1984 | 10 | 1.29% | 240.72 | 105.30 |
1984 | 11 | -0.71% | 239.02 | 105.30 |
1984 | 12 | 4.70% | 250.25 | 105.30 |
1985 | 1 | 5.79% | 264.73 | 105.50 |
1985 | 2 | -0.48% | 263.47 | 106.00 |
1985 | 3 | 1.02% | 266.17 | 106.40 |
1985 | 4 | 2.74% | 273.45 | 106.90 |
1985 | 5 | 2.51% | 280.31 | 107.30 |
1985 | 6 | 2.25% | 286.61 | 107.60 |
1985 | 7 | -1.85% | 281.32 | 107.80 |
1985 | 8 | -1.88% | 276.02 | 108.00 |
1985 | 9 | 1.50% | 280.15 | 108.30 |
1985 | 10 | 6.42% | 298.14 | 108.70 |
1985 | 11 | 5.29% | 313.92 | 109.00 |
1985 | 12 | 0.75% | 316.28 | 109.30 |
1986 | 1 | 5.70% | 334.30 | 109.60 |
1986 | 2 | 6.18% | 354.97 | 109.30 |
1986 | 3 | 2.74% | 364.70 | 108.80 |
1986 | 4 | 0.49% | 366.49 | 108.60 |
1986 | 5 | 3.13% | 377.98 | 108.90 |
1986 | 6 | -1.80% | 371.16 | 109.50 |
1986 | 7 | 2.28% | 379.62 | 109.50 |
1986 | 8 | -2.46% | 370.30 | 109.70 |
1986 | 9 | -0.09% | 369.97 | 110.20 |
1986 | 10 | 3.53% | 383.04 | 110.30 |
1986 | 11 | 1.71% | 389.58 | 110.40 |
1986 | 12 | 6.67% | 415.58 | 110.50 |
1987 | 1 | 6.46% | 442.44 | 111.20 |
1987 | 2 | 4.38% | 461.80 | 111.60 |
1987 | 3 | -0.86% | 457.84 | 112.10 |
1987 | 4 | 0.17% | 458.64 | 112.70 |
1987 | 5 | 4.50% | 479.27 | 113.10 |
1987 | 6 | 3.12% | 494.23 | 113.50 |
1987 | 7 | 6.45% | 526.13 | 113.80 |
1987 | 8 | -3.03% | 510.18 | 114.40 |
1987 | 9 | -11.85% | 449.71 | 115.00 |
1987 | 10 | -12.30% | 394.38 | 115.30 |
1987 | 11 | -1.33% | 389.11 | 115.40 |
1987 | 12 | 4.25% | 405.64 | 115.40 |
1988 | 1 | 3.33% | 419.14 | 115.70 |
1988 | 2 | 3.23% | 432.69 | 116.00 |
1988 | 3 | -0.89% | 428.85 | 116.50 |
1988 | 4 | -2.19% | 419.47 | 117.10 |
1988 | 5 | 6.00% | 444.63 | 117.50 |
1988 | 6 | -0.31% | 443.27 | 118.00 |
1988 | 7 | -1.72% | 435.65 | 118.50 |
1988 | 8 | 1.93% | 444.04 | 119.00 |
1988 | 9 | 3.80% | 460.92 | 119.80 |
1988 | 10 | -2.02% | 451.61 | 120.20 |
1988 | 11 | 2.33% | 462.12 | 120.30 |
1988 | 12 | 3.51% | 478.35 | 120.50 |
1989 | 1 | 3.30% | 494.13 | 121.10 |
1989 | 2 | -0.16% | 493.34 | 121.60 |
1989 | 3 | 3.56% | 510.92 | 122.30 |
1989 | 4 | 4.12% | 531.95 | 123.10 |
1989 | 5 | 3.39% | 549.99 | 123.80 |
1989 | 6 | 2.80% | 565.40 | 124.10 |
1989 | 7 | 4.69% | 591.92 | 124.40 |
1989 | 8 | 0.46% | 594.61 | 124.60 |
1989 | 9 | 0.29% | 596.32 | 125.00 |
1989 | 10 | -1.81% | 585.50 | 125.60 |
1989 | 11 | 2.74% | 601.52 | 125.90 |
1989 | 12 | -2.21% | 588.22 | 126.10 |
1990 | 1 | -2.53% | 573.36 | 127.40 |
1990 | 2 | 2.71% | 588.88 | 128.00 |
1990 | 3 | 0.20% | 590.03 | 128.70 |
1990 | 4 | 3.85% | 612.76 | 128.90 |
1990 | 5 | 3.17% | 632.18 | 129.20 |
1990 | 6 | 0.17% | 633.25 | 129.90 |
1990 | 7 | -7.86% | 583.47 | 130.40 |
1990 | 8 | -4.34% | 558.14 | 131.60 |
1990 | 9 | -2.32% | 545.22 | 132.70 |
1990 | 10 | 2.98% | 561.49 | 133.50 |
1990 | 11 | 4.59% | 587.24 | 133.80 |
1990 | 12 | -0.69% | 583.21 | 133.80 |
1991 | 1 | 11.61% | 650.91 | 134.60 |
1991 | 2 | 3.04% | 670.72 | 134.80 |
1991 | 3 | 2.26% | 685.88 | 135.00 |
1991 | 4 | -0.18% | 684.65 | 135.20 |
1991 | 5 | 0.35% | 687.02 | 135.60 |
1991 | 6 | 0.78% | 692.39 | 136.00 |
1991 | 7 | 2.68% | 710.93 | 136.20 |
1991 | 8 | -0.30% | 708.78 | 136.60 |
1991 | 9 | 0.18% | 710.07 | 137.20 |
1991 | 10 | 0.02% | 710.18 | 137.40 |
1991 | 11 | 0.94% | 716.82 | 137.80 |
1991 | 12 | 7.36% | 769.56 | 137.90 |
1992 | 1 | -0.60% | 764.94 | 138.10 |
1992 | 2 | -1.01% | 757.20 | 138.60 |
1992 | 3 | 0.26% | 759.20 | 139.30 |
1992 | 4 | 2.07% | 774.90 | 139.50 |
1992 | 5 | -1.33% | 764.60 | 139.70 |
1992 | 6 | 1.91% | 779.22 | 140.20 |
1992 | 7 | 0.94% | 786.56 | 140.50 |
1992 | 8 | 0.38% | 789.53 | 140.90 |
1992 | 9 | -1.18% | 780.20 | 141.30 |
1992 | 10 | 2.76% | 801.71 | 141.80 |
1992 | 11 | 3.27% | 827.94 | 142.00 |
1992 | 12 | 0.14% | 829.12 | 141.90 |
1993 | 1 | 1.72% | 843.42 | 142.60 |
1993 | 2 | 2.15% | 861.55 | 143.10 |
1993 | 3 | -1.34% | 849.99 | 143.60 |
1993 | 4 | 0.72% | 856.15 | 144.00 |
1993 | 5 | 0.87% | 863.56 | 144.20 |
1993 | 6 | 0.06% | 864.08 | 144.40 |
1993 | 7 | 1.76% | 879.31 | 144.40 |
1993 | 8 | 1.35% | 891.23 | 144.80 |
1993 | 9 | 1.24% | 902.30 | 145.10 |
1993 | 10 | 0.01% | 902.36 | 145.70 |
1993 | 11 | 0.89% | 910.37 | 145.80 |
1993 | 12 | 1.74% | 926.17 | 145.80 |
1994 | 1 | -0.08% | 925.47 | 146.20 |
1994 | 2 | -1.42% | 912.30 | 146.70 |
1994 | 3 | -3.35% | 881.77 | 147.20 |
1994 | 4 | 1.06% | 891.10 | 147.40 |
1994 | 5 | 1.11% | 900.97 | 147.50 |
1994 | 6 | -0.52% | 896.30 | 148.00 |
1994 | 7 | 3.08% | 923.92 | 148.40 |
1994 | 8 | 0.82% | 931.47 | 149.00 |
1994 | 9 | -0.44% | 927.34 | 149.40 |
1994 | 10 | -0.37% | 923.91 | 149.50 |
1994 | 11 | -1.03% | 914.43 | 149.70 |
1994 | 12 | 2.45% | 936.85 | 149.70 |
1995 | 1 | 3.82% | 972.63 | 150.30 |
1995 | 2 | 2.56% | 997.51 | 150.90 |
1995 | 3 | 3.22% | 1,029.58 | 151.40 |
1995 | 4 | 3.35% | 1,064.05 | 151.90 |
1995 | 5 | 3.18% | 1,097.87 | 152.20 |
1995 | 6 | 3.55% | 1,136.82 | 152.50 |
1995 | 7 | 0.51% | 1,142.65 | 152.50 |
1995 | 8 | 3.72% | 1,185.13 | 152.90 |
1995 | 9 | 0.91% | 1,195.94 | 153.20 |
1995 | 10 | 2.36% | 1,224.15 | 153.70 |
1995 | 11 | 3.39% | 1,265.64 | 153.60 |
1995 | 12 | 0.16% | 1,267.70 | 153.50 |
1996 | 1 | 5.90% | 1,342.55 | 154.40 |
1996 | 2 | -0.20% | 1,339.85 | 154.90 |
1996 | 3 | 0.20% | 1,342.49 | 155.70 |
1996 | 4 | 2.35% | 1,374.10 | 156.30 |
1996 | 5 | 1.28% | 1,391.67 | 156.60 |
1996 | 6 | -3.48% | 1,343.29 | 156.70 |
1996 | 7 | 3.08% | 1,384.61 | 157.00 |
1996 | 8 | 2.02% | 1,412.63 | 157.30 |
1996 | 9 | 4.12% | 1,470.82 | 157.80 |
1996 | 10 | 5.05% | 1,545.13 | 158.30 |
1996 | 11 | 1.20% | 1,563.64 | 158.60 |
1996 | 12 | 3.26% | 1,614.58 | 158.60 |
1997 | 1 | 4.36% | 1,684.99 | 159.10 |
1997 | 2 | -0.62% | 1,674.48 | 159.60 |
1997 | 3 | -3.41% | 1,617.46 | 160.00 |
1997 | 4 | 9.22% | 1,766.56 | 160.20 |
1997 | 5 | 5.34% | 1,860.84 | 160.10 |
1997 | 6 | 5.74% | 1,967.57 | 160.30 |
1997 | 7 | 0.35% | 1,974.42 | 160.50 |
1997 | 8 | 1.19% | 1,997.95 | 160.80 |
1997 | 9 | 1.65% | 2,030.83 | 161.20 |
1997 | 10 | -1.15% | 2,007.43 | 161.60 |
1997 | 11 | 2.63% | 2,060.32 | 161.50 |
1997 | 12 | 0.24% | 2,065.20 | 161.30 |
1998 | 1 | 6.40% | 2,197.42 | 161.60 |
1998 | 2 | 5.31% | 2,314.17 | 161.90 |
1998 | 3 | 3.41% | 2,392.98 | 162.20 |
1998 | 4 | -0.22% | 2,387.67 | 162.50 |
1998 | 5 | 0.12% | 2,390.45 | 162.80 |
1998 | 6 | 4.47% | 2,497.25 | 163.00 |
1998 | 7 | -6.97% | 2,323.16 | 163.20 |
1998 | 8 | -4.90% | 2,209.37 | 163.40 |
1998 | 9 | 1.29% | 2,237.88 | 163.60 |
1998 | 10 | 10.97% | 2,483.48 | 164.00 |
1998 | 11 | 4.10% | 2,585.40 | 164.00 |
1998 | 12 | 5.05% | 2,715.91 | 163.90 |
1999 | 1 | -0.07% | 2,714.09 | 164.30 |
1999 | 2 | 2.92% | 2,793.44 | 164.50 |
1999 | 3 | 4.25% | 2,912.16 | 165.00 |
1999 | 4 | -0.10% | 2,909.29 | 166.20 |
1999 | 5 | -0.61% | 2,891.49 | 166.20 |
1999 | 6 | 4.52% | 3,022.25 | 166.20 |
1999 | 7 | -3.77% | 2,908.18 | 166.70 |
1999 | 8 | -0.60% | 2,890.79 | 167.10 |
1999 | 9 | -1.27% | 2,854.00 | 167.90 |
1999 | 10 | 7.11% | 3,056.81 | 168.20 |
1999 | 11 | 2.81% | 3,142.67 | 168.30 |
1999 | 12 | -0.12% | 3,138.93 | 168.30 |
2000 | 1 | -2.48% | 3,061.14 | 168.80 |
2000 | 2 | 3.94% | 3,181.78 | 169.80 |
2000 | 3 | 1.42% | 3,227.11 | 171.20 |
2000 | 4 | -2.84% | 3,135.50 | 171.30 |
2000 | 5 | 3.16% | 3,234.69 | 171.50 |
2000 | 6 | 0.85% | 3,262.20 | 172.40 |
2000 | 7 | 0.94% | 3,292.85 | 172.80 |
2000 | 8 | -1.08% | 3,257.30 | 172.80 |
2000 | 9 | -5.21% | 3,087.46 | 173.70 |
2000 | 10 | -0.77% | 3,063.61 | 174.00 |
2000 | 11 | -3.32% | 2,961.89 | 174.10 |
2000 | 12 | 0.46% | 2,975.37 | 174.00 |
2001 | 1 | -2.14% | 2,911.81 | 175.10 |
2001 | 2 | -9.08% | 2,647.42 | 175.80 |
2001 | 3 | 0.45% | 2,659.30 | 176.20 |
2001 | 4 | 6.88% | 2,842.24 | 176.90 |
2001 | 5 | -2.39% | 2,774.35 | 177.70 |
2001 | 6 | -2.66% | 2,700.54 | 178.00 |
2001 | 7 | -2.05% | 2,645.29 | 177.50 |
2001 | 8 | -11.25% | 2,347.77 | 177.50 |
2001 | 9 | 3.18% | 2,422.52 | 178.30 |
2001 | 10 | 5.05% | 2,544.94 | 177.70 |
2001 | 11 | 1.47% | 2,582.25 | 177.40 |
2001 | 12 | -0.30% | 2,574.56 | 176.70 |
2002 | 1 | -3.35% | 2,488.24 | 177.10 |
2002 | 2 | 4.95% | 2,611.29 | 177.80 |
2002 | 3 | -3.51% | 2,519.52 | 178.80 |
2002 | 4 | -2.82% | 2,448.46 | 179.80 |
2002 | 5 | -5.92% | 2,303.49 | 179.80 |
2002 | 6 | -10.76% | 2,055.67 | 179.90 |
2002 | 7 | 1.14% | 2,079.08 | 180.10 |
2002 | 8 | -4.76% | 1,980.16 | 180.70 |
2002 | 9 | -1.37% | 1,953.09 | 181.00 |
2002 | 10 | 6.63% | 2,082.49 | 181.30 |
2002 | 11 | -1.04% | 2,060.94 | 181.30 |
2002 | 12 | -0.22% | 2,056.35 | 180.90 |
2003 | 1 | -6.41% | 1,924.44 | 181.70 |
2003 | 2 | 1.31% | 1,949.61 | 183.10 |
2003 | 3 | 5.29% | 2,052.66 | 184.20 |
2003 | 4 | 5.31% | 2,161.71 | 183.80 |
2003 | 5 | 5.70% | 2,285.01 | 183.50 |
2003 | 6 | 0.60% | 2,298.63 | 183.70 |
2003 | 7 | -0.17% | 2,294.81 | 183.90 |
2003 | 8 | 3.16% | 2,367.35 | 184.60 |
2003 | 9 | 2.03% | 2,415.35 | 185.20 |
2003 | 10 | 1.21% | 2,444.59 | 185.00 |
2003 | 11 | 3.06% | 2,519.49 | 184.50 |
2003 | 12 | 4.93% | 2,643.83 | 184.30 |
2004 | 1 | 1.09% | 2,672.56 | 185.20 |
2004 | 2 | -1.57% | 2,630.73 | 186.20 |
2004 | 3 | 0.97% | 2,656.20 | 187.40 |
2004 | 4 | -2.56% | 2,588.08 | 188.00 |
2004 | 5 | 2.86% | 2,662.04 | 189.10 |
2004 | 6 | -2.24% | 2,602.45 | 189.70 |
2004 | 7 | -1.39% | 2,566.34 | 189.40 |
2004 | 8 | 2.78% | 2,637.75 | 189.50 |
2004 | 9 | 0.10% | 2,640.45 | 189.90 |
2004 | 10 | 4.77% | 2,766.51 | 190.90 |
2004 | 11 | 2.73% | 2,841.96 | 191.00 |
2004 | 12 | -1.35% | 2,803.62 | 190.30 |
2005 | 1 | 1.68% | 2,850.75 | 190.70 |
2005 | 2 | -0.26% | 2,843.47 | 191.80 |
2005 | 3 | -2.41% | 2,774.97 | 193.30 |
2005 | 4 | 1.34% | 2,812.04 | 194.60 |
2005 | 5 | 2.18% | 2,873.36 | 194.40 |
2005 | 6 | 1.81% | 2,925.30 | 194.50 |
2005 | 7 | 0.31% | 2,934.37 | 195.40 |
2005 | 8 | 0.28% | 2,942.58 | 196.40 |
2005 | 9 | -2.62% | 2,865.36 | 198.80 |
2005 | 10 | 3.96% | 2,978.87 | 199.20 |
2005 | 11 | 2.14% | 3,042.74 | 197.60 |
2005 | 12 | 1.47% | 3,087.37 | 196.80 |
2006 | 1 | -0.02% | 3,086.86 | 198.30 |
2006 | 2 | 1.49% | 3,132.74 | 198.70 |
2006 | 3 | 0.80% | 3,157.75 | 199.80 |
2006 | 4 | -0.79% | 3,132.91 | 201.50 |
2006 | 5 | -2.71% | 3,048.14 | 202.50 |
2006 | 6 | 0.72% | 3,070.08 | 202.90 |
2006 | 7 | 2.29% | 3,140.44 | 203.50 |
2006 | 8 | 2.53% | 3,219.93 | 203.90 |
2006 | 9 | 3.62% | 3,336.36 | 202.90 |
2006 | 10 | 2.00% | 3,403.14 | 201.80 |
2006 | 11 | 2.15% | 3,476.25 | 201.50 |
2006 | 12 | 0.69% | 3,500.34 | 201.80 |
2007 | 1 | 1.60% | 3,556.20 | 202.42 |
2007 | 2 | -2.47% | 3,468.23 | 203.50 |
2007 | 3 | 4.18% | 3,613.21 | 205.35 |
2007 | 4 | 3.39% | 3,735.76 | 206.69 |
2007 | 5 | 0.34% | 3,748.64 | 207.95 |
2007 | 6 | 0.57% | 3,770.18 | 208.35 |
2007 | 7 | -4.20% | 3,611.80 | 208.30 |
2007 | 8 | 3.07% | 3,722.85 | 207.92 |
2007 | 9 | 2.99% | 3,834.22 | 208.49 |
2007 | 10 | -4.81% | 3,649.94 | 208.94 |
2007 | 11 | 1.24% | 3,695.13 | 210.18 |
2007 | 12 | -6.64% | 3,449.95 | 210.04 |
2008 | 1 | -1.56% | 3,396.00 | 211.08 |
2008 | 2 | -2.63% | 3,306.80 | 211.69 |
2008 | 3 | 4.24% | 3,447.13 | 213.53 |
2008 | 4 | 2.56% | 3,535.47 | 214.82 |
2008 | 5 | -4.25% | 3,385.33 | 216.63 |
2008 | 6 | -6.08% | 3,179.55 | 218.82 |
2008 | 7 | 2.11% | 3,246.66 | 219.96 |
2008 | 8 | -4.85% | 3,089.28 | 219.09 |
2008 | 9 | -20.19% | 2,465.44 | 218.78 |
2008 | 10 | -8.61% | 2,253.28 | 216.57 |
2008 | 11 | -0.35% | 2,245.37 | 212.43 |
2008 | 12 | -1.10% | 2,220.77 | 210.23 |
2009 | 1 | -6.70% | 2,071.92 | 211.14 |
2009 | 2 | -5.69% | 1,954.08 | 212.19 |
2009 | 3 | 12.32% | 2,194.86 | 212.71 |
2009 | 4 | 6.66% | 2,341.03 | 213.24 |
2009 | 5 | 2.87% | 2,408.19 | 213.86 |
2009 | 6 | 1.28% | 2,438.96 | 215.69 |
2009 | 7 | 8.12% | 2,637.02 | 215.35 |
2009 | 8 | 3.65% | 2,733.28 | 215.83 |
2009 | 9 | 2.40% | 2,798.97 | 215.97 |
2009 | 10 | 2.09% | 2,857.59 | 216.18 |
2009 | 11 | 2.23% | 2,921.19 | 216.33 |
2009 | 12 | 1.36% | 2,960.83 | 215.95 |
2010 | 1 | -2.90% | 2,875.01 | 216.69 |
2010 | 2 | 5.94% | 3,045.88 | 216.74 |
2010 | 3 | 4.09% | 3,170.39 | 217.63 |
2010 | 4 | -5.88% | 2,983.89 | 218.01 |
2010 | 5 | -3.54% | 2,878.16 | 218.18 |
2010 | 6 | -0.16% | 2,873.58 | 217.97 |
2010 | 7 | 0.86% | 2,898.40 | 218.01 |
2010 | 8 | 3.37% | 2,996.11 | 218.31 |
2010 | 9 | 4.58% | 3,133.25 | 218.44 |
2010 | 10 | 2.49% | 3,211.30 | 218.71 |
2010 | 11 | 3.71% | 3,330.56 | 218.80 |
2010 | 12 | 3.46% | 3,445.87 | 219.18 |
2011 | 1 | 3.15% | 3,554.44 | 220.22 |
2011 | 2 | -1.11% | 3,514.90 | 221.31 |
2011 | 3 | 2.22% | 3,592.97 | 223.47 |
2011 | 4 | 0.66% | 3,616.65 | 224.91 |
2011 | 5 | -3.66% | 3,484.19 | 225.96 |
2011 | 6 | 3.10% | 3,592.26 | 225.72 |
2011 | 7 | -10.40% | 3,218.64 | 225.92 |
2011 | 8 | -0.79% | 3,193.24 | 226.55 |
2011 | 9 | 3.02% | 3,289.64 | 226.89 |
2011 | 10 | 1.77% | 3,347.77 | 226.42 |
2011 | 11 | 1.55% | 3,399.82 | 226.23 |
2011 | 12 | 4.78% | 3,562.42 | 225.67 |
2012 | 1 | 4.16% | 3,710.71 | 226.67 |
2012 | 2 | 2.88% | 3,817.72 | 227.66 |
2012 | 3 | -0.04% | 3,816.26 | 229.39 |
2012 | 4 | -3.09% | 3,698.30 | 230.09 |
2012 | 5 | -1.15% | 3,655.68 | 229.82 |
2012 | 6 | 2.92% | 3,762.47 | 229.48 |
2012 | 7 | 3.39% | 3,889.93 | 229.10 |
2012 | 8 | 3.02% | 4,007.45 | 230.38 |
2012 | 9 | -0.22% | 3,998.75 | 231.41 |
2012 | 10 | -2.84% | 3,885.28 | 231.32 |
2012 | 11 | 2.18% | 3,969.81 | 230.22 |
2012 | 12 | 4.27% | 4,139.27 | 229.60 |
2013 | 1 | 2.33% | 4,235.84 | 230.28 |
2013 | 2 | 2.72% | 4,351.16 | 232.17 |
2013 | 3 | 1.45% | 4,414.42 | 232.77 |
2013 | 4 | 4.57% | 4,616.34 | 232.53 |
2013 | 5 | -1.12% | 4,564.74 | 232.95 |
2013 | 6 | 3.25% | 4,713.30 | 233.50 |
2013 | 7 | 0.25% | 4,725.20 | 233.60 |
2013 | 8 | 1.19% | 4,781.55 | 233.88 |
2013 | 9 | 2.12% | 4,882.80 | 234.15 |
2013 | 10 | 3.86% | 5,071.28 | 233.55 |
2013 | 11 | 1.52% | 5,148.45 | 233.07 |
2013 | 12 | 0.97% | 5,198.27 | 233.05 |
2014 | 1 | -0.13% | 5,191.51 | 233.92 |
2014 | 2 | 2.72% | 5,332.84 | 234.78 |
2014 | 3 | 0.20% | 5,343.60 | 236.29 |
2014 | 4 | 1.53% | 5,425.46 | 237.07 |
2014 | 5 | 3.20% | 5,598.88 | 237.90 |
2014 | 6 | 1.50% | 5,682.63 | 238.34 |
2014 | 7 | -0.43% | 5,658.37 | 238.25 |
2014 | 8 | 1.78% | 5,758.97 | 237.85 |
2014 | 9 | -2.65% | 5,606.56 | 238.03 |
2014 | 10 | 5.71% | 5,926.45 | 237.43 |
2014 | 11 | 0.63% | 5,964.02 | 236.15 |
2014 | 12 | -1.11% | 5,897.81 | 234.81 |
2015 | 1 | 2.83% | 6,064.57 | 233.71 |
2015 | 2 | 0.06% | 6,067.92 | 234.72 |
2015 | 3 | 0.88% | 6,121.23 | 236.12 |
2015 | 4 | 0.98% | 6,181.15 | 236.60 |
2015 | 5 | -0.44% | 6,154.23 | 237.81 |
2015 | 6 | -0.08% | 6,149.33 | 238.64 |
2015 | 7 | -2.42% | 6,000.24 | 238.65 |
2015 | 8 | -4.51% | 5,729.81 | 238.32 |
2015 | 9 | 4.32% | 5,977.17 | 237.95 |
2015 | 10 | 2.93% | 6,152.45 | 237.84 |
2015 | 11 | -1.10% | 6,084.59 | 237.34 |
2015 | 12 | -6.42% | 5,693.98 | 236.53 |
2016 | 1 | -0.55% | 5,662.67 | 236.92 |
2016 | 2 | 6.36% | 6,022.97 | 237.11 |
2016 | 3 | 2.83% | 6,193.49 | 238.13 |
2016 | 4 | -0.30% | 6,174.64 | 239.26 |
2016 | 5 | 1.07% | 6,240.50 | 240.23 |
2016 | 6 | 3.30% | 6,446.27 | 241.02 |
2016 | 7 | 1.20% | 6,523.58 | 240.63 |
2016 | 8 | -0.44% | 6,494.96 | 240.85 |
2016 | 9 | -0.51% | 6,462.10 | 241.43 |
2016 | 10 | 1.20% | 6,539.72 | 241.73 |
2016 | 11 | 3.95% | 6,797.77 | 241.35 |
2016 | 12 | 1.44% | 6,895.50 | 241.43 |
2017 | 1 | 2.58% | 7,073.16 | 242.84 |
2017 | 2 | 1.75% | 7,196.89 | 243.60 |
2017 | 3 | -0.15% | 7,185.80 | 243.80 |
2017 | 4 | 1.69% | 7,307.42 | 244.52 |
2017 | 5 | 1.78% | 7,437.23 | 244.73 |
2017 | 6 | 0.99% | 7,510.70 | 244.96 |
2017 | 7 | 0.25% | 7,529.31 | 244.79 |
2017 | 8 | 1.65% | 7,653.79 | 245.52 |
2017 | 9 | 2.73% | 7,863.10 | 246.82 |
2017 | 10 | 1.59% | 7,988.09 | 246.66 |
2017 | 11 | 2.88% | 8,218.43 | 246.67 |
2017 | 12 | 4.86% | 8,618.00 | 246.52 |
2018 | 1 | -2.89% | 8,369.23 | 247.87 |
2018 | 2 | 0.06% | 8,374.63 | 248.99 |
2018 | 3 | -1.66% | 8,235.28 | 249.55 |
2018 | 4 | 1.96% | 8,396.82 | 250.55 |
2018 | 5 | 2.11% | 8,574.25 | 251.59 |
2018 | 6 | 1.58% | 8,709.78 | 251.99 |
2018 | 7 | 2.45% | 8,923.24 | 252.01 |
2018 | 8 | 1.68% | 9,073.13 | 252.15 |
2018 | 9 | -3.85% | 8,723.91 | 252.44 |
2018 | 10 | -2.08% | 8,542.79 | 252.89 |
2018 | 11 | -5.56% | 8,067.60 | 252.04 |
2018 | 12 | 1.74% | 8,207.62 | 251.23 |
2019 | 1 | 5.83% | 8,686.03 | 251.71 |
2019 | 2 | 1.95% | 8,855.24 | 252.78 |
2019 | 3 | 3.72% | 9,184.94 | 254.20 |
2019 | 4 | -1.53% | 9,044.25 | 255.55 |
2019 | 5 | 1.40% | 9,171.30 | 256.09 |
2019 | 6 | 3.83% | 9,522.31 | 256.14 |
2019 | 7 | -3.13% | 9,223.84 | 256.57 |
2019 | 8 | 3.09% | 9,508.42 | 256.56 |
2019 | 9 | 0.01% | 9,509.35 | 256.76 |
2019 | 10 | 4.43% | 9,930.97 | 257.35 |
2019 | 11 | 2.47% | 10,176.20 | 257.21 |
2019 | 12 | 3.35% | 10,516.73 | 256.97 |
2020 | 1 | 0.12% | 10,529.57 | 257.97 |
2020 | 2 | -18.92% | 8,537.62 | 258.68 |
2020 | 3 | 4.32% | 8,906.32 | 258.12 |
2020 | 4 | 5.89% | 9,430.67 | 256.39 |
2020 | 5 | 6.51% | 10,044.44 | 256.39 |
2020 | 6 | 3.48% | 10,393.63 | 257.80 |
2020 | 7 | 5.89% | 11,006.18 | 259.10 |
2020 | 8 | -0.63% | 10,937.17 | 259.92 |
2020 | 9 | 1.73% | 11,125.95 | 260.28 |
2020 | 10 | 3.95% | 11,565.88 | 260.39 |
2020 | 11 | 4.26% | 12,058.60 | 260.23 |
2020 | 12 | 2.80% | 12,395.67 | 260.47 |
2021 | 1 | 2.49% | 12,704.51 | 261.58 |
2021 | 2 | 0.82% | 12,808.86 | 263.01 |
2021 | 3 | 6.02% | 13,580.15 | 264.88 |
2021 | 4 | 0.76% | 13,683.39 | 267.05 |
2021 | 5 | 1.81% | 13,931.11 | 269.20 |
2021 | 6 | 3.07% | 14,358.55 | 271.70 |
2021 | 7 | 2.19% | 14,672.31 | 273.00 |
2021 | 8 | -0.08% | 14,659.91 | 273.57 |
2021 | 9 | 0.45% | 14,726.20 | 274.31 |
2021 | 10 | 4.74% | 15,424.92 | 276.59 |
2021 | 11 | 0.27% | 15,465.86 | 277.95 |
2021 | 12 | -2.05% | 15,148.50 | 278.80 |
2022 | 1 | -2.90% | 14,708.81 | 281.15 |
2022 | 2 | -0.89% | 14,577.52 | 283.72 |
2022 | 3 | 0.12% | 14,594.77 | 287.50 |
2022 | 4 | -7.87% | 13,445.76 | 289.11 |
2022 | 5 | -3.37% | 12,992.72 | 292.30 |
2022 | 6 | 0.46% | 13,053.09 | 296.31 |
2022 | 7 | 6.45% | 13,894.68 | 296.28 |
2022 | 8 | -7.28% | 12,883.51 | 296.17 |
2022 | 9 | -3.09% | 12,485.26 | 296.81 |
2022 | 10 | 5.29% | 13,145.11 | 298.01 |
2022 | 11 | 0.01% | 13,146.54 | 297.71 |
2022 | 12 | 1.38% | 13,327.49 | 296.80 |
2023 | 1 | 3.15% | 13,746.91 | 299.17 |
2023 | 2 | -2.59% | 13,391.49 | 300.84 |
2023 | 3 | 4.00% | 13,926.64 | 301.84 |
2023 | 4 | 0.74% | 14,029.38 | 303.36 |
2023 | 5 | 4.94% | 14,722.74 | 304.13 |
2023 | 6 | 3.88% | 15,293.40 | 305.11 |
2023 | 7 | -1.00% | 15,140.83 | 305.69 |
2023 | 8 | -0.95% | 14,996.45 | 307.03 |
2023 | 9 | -3.04% | 14,540.96 | 307.79 |
2023 | 10 | 4.60% | 15,210.09 | 307.67 |
2023 | 11 | 5.18% | 15,997.25 | 307.05 |
2023 | 12 | 2.91% | 16,463.07 | 306.75 |
2024 | 1 | 4.20% | 17,154.39 | 308.42 |
2024 | 2 | 3.28% | 17,717.42 | 310.33 |
2024 | 3 | -1.01% | 17,538.63 | 312.33 |
2024 | 4 | 2.52% | 17,980.03 | 313.55 |
2024 | 5 | 5.34% | 18,940.81 | 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 1973. This would result in a final amount of $23,419.05, including dividend reinvestments. In this particular case, dollar-cost average returns are greater than the returns of a lump-sum investment (which ends with $18,940.81).
Year | Month | Contribution ($) | Amount ($) |
---|---|---|---|
1973 | 1 | 4.16 | 4.01 |
1973 | 2 | 4.16 | 8.05 |
1973 | 3 | 4.16 | 12.00 |
1973 | 4 | 4.16 | 15.74 |
1973 | 5 | 4.16 | 19.49 |
1973 | 6 | 4.16 | 23.93 |
1973 | 7 | 4.16 | 27.62 |
1973 | 8 | 4.16 | 32.40 |
1973 | 9 | 4.16 | 38.10 |
1973 | 10 | 4.16 | 39.35 |
1973 | 11 | 4.16 | 40.54 |
1973 | 12 | 4.16 | 45.45 |
1974 | 1 | 4.16 | 48.37 |
1974 | 2 | 4.16 | 54.92 |
1974 | 3 | 4.16 | 56.22 |
1974 | 4 | 4.16 | 58.73 |
1974 | 5 | 4.16 | 63.17 |
1974 | 6 | 4.16 | 59.68 |
1974 | 7 | 4.16 | 61.42 |
1974 | 8 | 4.16 | 58.99 |
1974 | 9 | 4.16 | 64.64 |
1974 | 10 | 4.16 | 71.35 |
1974 | 11 | 4.16 | 70.90 |
1974 | 12 | 4.32 | 81.69 |
1975 | 1 | - | 90.52 |
1975 | 2 | - | 95.02 |
1975 | 3 | - | 96.43 |
1975 | 4 | - | 102.91 |
1975 | 5 | - | 105.89 |
1975 | 6 | - | 106.34 |
1975 | 7 | - | 98.90 |
1975 | 8 | - | 98.06 |
1975 | 9 | - | 102.94 |
1975 | 10 | - | 105.04 |
1975 | 11 | - | 103.80 |
1975 | 12 | - | 113.71 |
1976 | 1 | - | 118.46 |
1976 | 2 | - | 119.41 |
1976 | 3 | - | 120.71 |
1976 | 4 | - | 120.25 |
1976 | 5 | - | 121.33 |
1976 | 6 | - | 124.57 |
1976 | 7 | - | 123.87 |
1976 | 8 | - | 126.89 |
1976 | 9 | - | 122.95 |
1976 | 10 | - | 122.50 |
1976 | 11 | - | 127.13 |
1976 | 12 | - | 126.45 |
1977 | 1 | - | 123.46 |
1977 | 2 | - | 123.39 |
1977 | 3 | - | 121.92 |
1977 | 4 | - | 121.99 |
1977 | 5 | - | 123.09 |
1977 | 6 | - | 124.67 |
1977 | 7 | - | 122.08 |
1977 | 8 | - | 120.64 |
1977 | 9 | - | 117.99 |
1977 | 10 | - | 119.15 |
1977 | 11 | - | 119.06 |
1977 | 12 | - | 115.02 |
1978 | 1 | - | 113.90 |
1978 | 2 | - | 114.20 |
1978 | 3 | - | 119.72 |
1978 | 4 | - | 126.31 |
1978 | 5 | - | 127.16 |
1978 | 6 | - | 127.08 |
1978 | 7 | - | 136.39 |
1978 | 8 | - | 136.94 |
1978 | 9 | - | 133.14 |
1978 | 10 | - | 125.90 |
1978 | 11 | - | 128.32 |
1978 | 12 | - | 133.69 |
1979 | 1 | - | 132.28 |
1979 | 2 | - | 135.38 |
1979 | 3 | - | 138.67 |
1979 | 4 | - | 136.04 |
1979 | 5 | - | 139.33 |
1979 | 6 | - | 141.31 |
1979 | 7 | - | 148.40 |
1979 | 8 | - | 150.68 |
1979 | 9 | - | 145.63 |
1979 | 10 | - | 145.16 |
1979 | 11 | - | 151.55 |
1979 | 12 | - | 156.57 |
1980 | 1 | - | 163.46 |
1980 | 2 | - | 149.11 |
1980 | 3 | - | 147.38 |
1980 | 4 | - | 154.80 |
1980 | 5 | - | 165.42 |
1980 | 6 | - | 173.64 |
1980 | 7 | - | 179.73 |
1980 | 8 | - | 184.82 |
1980 | 9 | - | 190.97 |
1980 | 10 | - | 199.78 |
1980 | 11 | - | 197.30 |
1980 | 12 | - | 197.32 |
1981 | 1 | - | 191.26 |
1981 | 2 | - | 199.18 |
1981 | 3 | - | 201.76 |
1981 | 4 | - | 198.50 |
1981 | 5 | - | 200.20 |
1981 | 6 | - | 196.16 |
1981 | 7 | - | 197.74 |
1981 | 8 | - | 181.32 |
1981 | 9 | - | 184.45 |
1981 | 10 | - | 190.06 |
1981 | 11 | - | 192.31 |
1981 | 12 | - | 183.07 |
1982 | 1 | - | 179.56 |
1982 | 2 | - | 174.64 |
1982 | 3 | - | 184.19 |
1982 | 4 | - | 185.24 |
1982 | 5 | - | 175.47 |
1982 | 6 | - | 175.90 |
1982 | 7 | - | 177.30 |
1982 | 8 | - | 198.74 |
1982 | 9 | - | 216.40 |
1982 | 10 | - | 226.13 |
1982 | 11 | - | 229.20 |
1982 | 12 | - | 238.20 |
1983 | 1 | - | 243.27 |
1983 | 2 | - | 252.67 |
1983 | 3 | - | 263.28 |
1983 | 4 | - | 274.93 |
1983 | 5 | - | 279.75 |
1983 | 6 | - | 281.73 |
1983 | 7 | - | 274.95 |
1983 | 8 | - | 284.06 |
1983 | 9 | - | 285.90 |
1983 | 10 | - | 282.64 |
1983 | 11 | - | 282.27 |
1983 | 12 | - | 286.72 |
1984 | 1 | - | 272.06 |
1984 | 2 | - | 273.27 |
1984 | 3 | - | 274.65 |
1984 | 4 | - | 273.96 |
1984 | 5 | - | 268.90 |
1984 | 6 | - | 266.45 |
1984 | 7 | - | 290.98 |
1984 | 8 | - | 295.08 |
1984 | 9 | - | 293.86 |
1984 | 10 | - | 297.64 |
1984 | 11 | - | 295.53 |
1984 | 12 | - | 309.42 |
1985 | 1 | - | 327.32 |
1985 | 2 | - | 325.76 |
1985 | 3 | - | 329.10 |
1985 | 4 | - | 338.10 |
1985 | 5 | - | 346.59 |
1985 | 6 | - | 354.38 |
1985 | 7 | - | 347.84 |
1985 | 8 | - | 341.28 |
1985 | 9 | - | 346.39 |
1985 | 10 | - | 368.63 |
1985 | 11 | - | 388.14 |
1985 | 12 | - | 391.06 |
1986 | 1 | - | 413.34 |
1986 | 2 | - | 438.90 |
1986 | 3 | - | 450.93 |
1986 | 4 | - | 453.15 |
1986 | 5 | - | 467.34 |
1986 | 6 | - | 458.91 |
1986 | 7 | - | 469.38 |
1986 | 8 | - | 457.85 |
1986 | 9 | - | 457.44 |
1986 | 10 | - | 473.60 |
1986 | 11 | - | 481.69 |
1986 | 12 | - | 513.84 |
1987 | 1 | - | 547.04 |
1987 | 2 | - | 570.98 |
1987 | 3 | - | 566.09 |
1987 | 4 | - | 567.07 |
1987 | 5 | - | 592.58 |
1987 | 6 | - | 611.08 |
1987 | 7 | - | 650.52 |
1987 | 8 | - | 630.81 |
1987 | 9 | - | 556.03 |
1987 | 10 | - | 487.62 |
1987 | 11 | - | 481.11 |
1987 | 12 | - | 501.54 |
1988 | 1 | - | 518.24 |
1988 | 2 | - | 534.99 |
1988 | 3 | - | 530.25 |
1988 | 4 | - | 518.65 |
1988 | 5 | - | 549.76 |
1988 | 6 | - | 548.07 |
1988 | 7 | - | 538.65 |
1988 | 8 | - | 549.03 |
1988 | 9 | - | 569.90 |
1988 | 10 | - | 558.39 |
1988 | 11 | - | 571.38 |
1988 | 12 | - | 591.45 |
1989 | 1 | - | 610.96 |
1989 | 2 | - | 609.98 |
1989 | 3 | - | 631.72 |
1989 | 4 | - | 657.72 |
1989 | 5 | - | 680.03 |
1989 | 6 | - | 699.07 |
1989 | 7 | - | 731.87 |
1989 | 8 | - | 735.20 |
1989 | 9 | - | 737.30 |
1989 | 10 | - | 723.93 |
1989 | 11 | - | 743.74 |
1989 | 12 | - | 727.30 |
1990 | 1 | - | 708.92 |
1990 | 2 | - | 728.11 |
1990 | 3 | - | 729.54 |
1990 | 4 | - | 757.63 |
1990 | 5 | - | 781.65 |
1990 | 6 | - | 782.97 |
1990 | 7 | - | 721.42 |
1990 | 8 | - | 690.11 |
1990 | 9 | - | 674.12 |
1990 | 10 | - | 694.24 |
1990 | 11 | - | 726.08 |
1990 | 12 | - | 721.11 |
1991 | 1 | - | 804.80 |
1991 | 2 | - | 829.31 |
1991 | 3 | - | 848.04 |
1991 | 4 | - | 846.52 |
1991 | 5 | - | 849.46 |
1991 | 6 | - | 856.09 |
1991 | 7 | - | 879.02 |
1991 | 8 | - | 876.36 |
1991 | 9 | - | 877.95 |
1991 | 10 | - | 878.09 |
1991 | 11 | - | 886.30 |
1991 | 12 | - | 951.52 |
1992 | 1 | - | 945.80 |
1992 | 2 | - | 936.22 |
1992 | 3 | - | 938.70 |
1992 | 4 | - | 958.11 |
1992 | 5 | - | 945.38 |
1992 | 6 | - | 963.46 |
1992 | 7 | - | 972.53 |
1992 | 8 | - | 976.21 |
1992 | 9 | - | 964.67 |
1992 | 10 | - | 991.26 |
1992 | 11 | - | 1,023.69 |
1992 | 12 | - | 1,025.15 |
1993 | 1 | - | 1,042.83 |
1993 | 2 | - | 1,065.25 |
1993 | 3 | - | 1,050.96 |
1993 | 4 | - | 1,058.57 |
1993 | 5 | - | 1,067.73 |
1993 | 6 | - | 1,068.38 |
1993 | 7 | - | 1,087.21 |
1993 | 8 | - | 1,101.94 |
1993 | 9 | - | 1,115.63 |
1993 | 10 | - | 1,115.71 |
1993 | 11 | - | 1,125.61 |
1993 | 12 | - | 1,145.15 |
1994 | 1 | - | 1,144.28 |
1994 | 2 | - | 1,127.99 |
1994 | 3 | - | 1,090.25 |
1994 | 4 | - | 1,101.78 |
1994 | 5 | - | 1,113.99 |
1994 | 6 | - | 1,108.21 |
1994 | 7 | - | 1,142.37 |
1994 | 8 | - | 1,151.71 |
1994 | 9 | - | 1,146.59 |
1994 | 10 | - | 1,142.35 |
1994 | 11 | - | 1,130.63 |
1994 | 12 | - | 1,158.35 |
1995 | 1 | - | 1,202.59 |
1995 | 2 | - | 1,233.35 |
1995 | 3 | - | 1,273.01 |
1995 | 4 | - | 1,315.63 |
1995 | 5 | - | 1,357.44 |
1995 | 6 | - | 1,405.60 |
1995 | 7 | - | 1,412.81 |
1995 | 8 | - | 1,465.33 |
1995 | 9 | - | 1,478.71 |
1995 | 10 | - | 1,513.58 |
1995 | 11 | - | 1,564.88 |
1995 | 12 | - | 1,567.42 |
1996 | 1 | - | 1,659.97 |
1996 | 2 | - | 1,656.64 |
1996 | 3 | - | 1,659.90 |
1996 | 4 | - | 1,698.99 |
1996 | 5 | - | 1,720.71 |
1996 | 6 | - | 1,660.89 |
1996 | 7 | - | 1,711.97 |
1996 | 8 | - | 1,746.62 |
1996 | 9 | - | 1,818.57 |
1996 | 10 | - | 1,910.45 |
1996 | 11 | - | 1,933.34 |
1996 | 12 | - | 1,996.32 |
1997 | 1 | - | 2,083.38 |
1997 | 2 | - | 2,070.39 |
1997 | 3 | - | 1,999.89 |
1997 | 4 | - | 2,184.23 |
1997 | 5 | - | 2,300.80 |
1997 | 6 | - | 2,432.77 |
1997 | 7 | - | 2,441.23 |
1997 | 8 | - | 2,470.33 |
1997 | 9 | - | 2,510.98 |
1997 | 10 | - | 2,482.05 |
1997 | 11 | - | 2,547.44 |
1997 | 12 | - | 2,553.48 |
1998 | 1 | - | 2,716.96 |
1998 | 2 | - | 2,861.31 |
1998 | 3 | - | 2,958.76 |
1998 | 4 | - | 2,952.19 |
1998 | 5 | - | 2,955.63 |
1998 | 6 | - | 3,087.68 |
1998 | 7 | - | 2,872.44 |
1998 | 8 | - | 2,731.73 |
1998 | 9 | - | 2,766.99 |
1998 | 10 | - | 3,070.66 |
1998 | 11 | - | 3,196.68 |
1998 | 12 | - | 3,358.04 |
1999 | 1 | - | 3,355.80 |
1999 | 2 | - | 3,453.90 |
1999 | 3 | - | 3,600.70 |
1999 | 4 | - | 3,597.14 |
1999 | 5 | - | 3,575.13 |
1999 | 6 | - | 3,736.81 |
1999 | 7 | - | 3,595.77 |
1999 | 8 | - | 3,574.27 |
1999 | 9 | - | 3,528.79 |
1999 | 10 | - | 3,779.54 |
1999 | 11 | - | 3,885.70 |
1999 | 12 | - | 3,881.07 |
2000 | 1 | - | 3,784.90 |
2000 | 2 | - | 3,934.06 |
2000 | 3 | - | 3,990.11 |
2000 | 4 | - | 3,876.84 |
2000 | 5 | - | 3,999.48 |
2000 | 6 | - | 4,033.49 |
2000 | 7 | - | 4,071.39 |
2000 | 8 | - | 4,027.43 |
2000 | 9 | - | 3,817.43 |
2000 | 10 | - | 3,787.94 |
2000 | 11 | - | 3,662.18 |
2000 | 12 | - | 3,678.84 |
2001 | 1 | - | 3,600.25 |
2001 | 2 | - | 3,273.35 |
2001 | 3 | - | 3,288.04 |
2001 | 4 | - | 3,514.24 |
2001 | 5 | - | 3,430.29 |
2001 | 6 | - | 3,339.04 |
2001 | 7 | - | 3,270.73 |
2001 | 8 | - | 2,902.86 |
2001 | 9 | - | 2,995.29 |
2001 | 10 | - | 3,146.64 |
2001 | 11 | - | 3,192.77 |
2001 | 12 | - | 3,183.27 |
2002 | 1 | - | 3,076.54 |
2002 | 2 | - | 3,228.69 |
2002 | 3 | - | 3,115.22 |
2002 | 4 | - | 3,027.36 |
2002 | 5 | - | 2,848.11 |
2002 | 6 | - | 2,541.69 |
2002 | 7 | - | 2,570.64 |
2002 | 8 | - | 2,448.33 |
2002 | 9 | - | 2,414.86 |
2002 | 10 | - | 2,574.86 |
2002 | 11 | - | 2,548.21 |
2002 | 12 | - | 2,542.54 |
2003 | 1 | - | 2,379.44 |
2003 | 2 | - | 2,410.56 |
2003 | 3 | - | 2,537.98 |
2003 | 4 | - | 2,672.80 |
2003 | 5 | - | 2,825.27 |
2003 | 6 | - | 2,842.10 |
2003 | 7 | - | 2,837.37 |
2003 | 8 | - | 2,927.07 |
2003 | 9 | - | 2,986.42 |
2003 | 10 | - | 3,022.58 |
2003 | 11 | - | 3,115.18 |
2003 | 12 | - | 3,268.92 |
2004 | 1 | - | 3,304.44 |
2004 | 2 | - | 3,252.72 |
2004 | 3 | - | 3,284.21 |
2004 | 4 | - | 3,199.99 |
2004 | 5 | - | 3,291.44 |
2004 | 6 | - | 3,217.75 |
2004 | 7 | - | 3,173.10 |
2004 | 8 | - | 3,261.40 |
2004 | 9 | - | 3,264.74 |
2004 | 10 | - | 3,420.60 |
2004 | 11 | - | 3,513.89 |
2004 | 12 | - | 3,466.48 |
2005 | 1 | - | 3,524.76 |
2005 | 2 | - | 3,515.75 |
2005 | 3 | - | 3,431.06 |
2005 | 4 | - | 3,476.90 |
2005 | 5 | - | 3,552.72 |
2005 | 6 | - | 3,616.94 |
2005 | 7 | - | 3,628.16 |
2005 | 8 | - | 3,638.30 |
2005 | 9 | - | 3,542.83 |
2005 | 10 | - | 3,683.18 |
2005 | 11 | - | 3,762.15 |
2005 | 12 | - | 3,817.33 |
2006 | 1 | - | 3,816.70 |
2006 | 2 | - | 3,873.42 |
2006 | 3 | - | 3,904.34 |
2006 | 4 | - | 3,873.63 |
2006 | 5 | - | 3,768.82 |
2006 | 6 | - | 3,795.95 |
2006 | 7 | - | 3,882.95 |
2006 | 8 | - | 3,981.23 |
2006 | 9 | - | 4,125.19 |
2006 | 10 | - | 4,207.76 |
2006 | 11 | - | 4,298.15 |
2006 | 12 | - | 4,327.93 |
2007 | 1 | - | 4,397.01 |
2007 | 2 | - | 4,288.23 |
2007 | 3 | - | 4,467.49 |
2007 | 4 | - | 4,619.02 |
2007 | 5 | - | 4,634.95 |
2007 | 6 | - | 4,661.58 |
2007 | 7 | - | 4,465.74 |
2007 | 8 | - | 4,603.05 |
2007 | 9 | - | 4,740.76 |
2007 | 10 | - | 4,512.90 |
2007 | 11 | - | 4,568.78 |
2007 | 12 | - | 4,265.64 |
2008 | 1 | - | 4,198.92 |
2008 | 2 | - | 4,088.63 |
2008 | 3 | - | 4,262.15 |
2008 | 4 | - | 4,371.37 |
2008 | 5 | - | 4,185.73 |
2008 | 6 | - | 3,931.31 |
2008 | 7 | - | 4,014.28 |
2008 | 8 | - | 3,819.68 |
2008 | 9 | - | 3,048.35 |
2008 | 10 | - | 2,786.03 |
2008 | 11 | - | 2,776.25 |
2008 | 12 | - | 2,745.83 |
2009 | 1 | - | 2,561.79 |
2009 | 2 | - | 2,416.09 |
2009 | 3 | - | 2,713.80 |
2009 | 4 | - | 2,894.53 |
2009 | 5 | - | 2,977.57 |
2009 | 6 | - | 3,015.61 |
2009 | 7 | - | 3,260.50 |
2009 | 8 | - | 3,379.52 |
2009 | 9 | - | 3,460.74 |
2009 | 10 | - | 3,533.21 |
2009 | 11 | - | 3,611.86 |
2009 | 12 | - | 3,660.87 |
2010 | 1 | - | 3,554.76 |
2010 | 2 | - | 3,766.02 |
2010 | 3 | - | 3,919.97 |
2010 | 4 | - | 3,689.39 |
2010 | 5 | - | 3,558.65 |
2010 | 6 | - | 3,552.99 |
2010 | 7 | - | 3,583.67 |
2010 | 8 | - | 3,704.48 |
2010 | 9 | - | 3,874.06 |
2010 | 10 | - | 3,970.55 |
2010 | 11 | - | 4,118.01 |
2010 | 12 | - | 4,260.58 |
2011 | 1 | - | 4,394.83 |
2011 | 2 | - | 4,345.94 |
2011 | 3 | - | 4,442.46 |
2011 | 4 | - | 4,471.75 |
2011 | 5 | - | 4,307.97 |
2011 | 6 | - | 4,441.59 |
2011 | 7 | - | 3,979.63 |
2011 | 8 | - | 3,948.22 |
2011 | 9 | - | 4,067.42 |
2011 | 10 | - | 4,139.29 |
2011 | 11 | - | 4,203.65 |
2011 | 12 | - | 4,404.69 |
2012 | 1 | - | 4,588.04 |
2012 | 2 | - | 4,720.35 |
2012 | 3 | - | 4,718.55 |
2012 | 4 | - | 4,572.70 |
2012 | 5 | - | 4,520.00 |
2012 | 6 | - | 4,652.04 |
2012 | 7 | - | 4,809.64 |
2012 | 8 | - | 4,954.94 |
2012 | 9 | - | 4,944.18 |
2012 | 10 | - | 4,803.89 |
2012 | 11 | - | 4,908.40 |
2012 | 12 | - | 5,117.93 |
2013 | 1 | - | 5,237.33 |
2013 | 2 | - | 5,379.92 |
2013 | 3 | - | 5,458.13 |
2013 | 4 | - | 5,707.80 |
2013 | 5 | - | 5,644.00 |
2013 | 6 | - | 5,827.68 |
2013 | 7 | - | 5,842.40 |
2013 | 8 | - | 5,912.07 |
2013 | 9 | - | 6,037.26 |
2013 | 10 | - | 6,270.30 |
2013 | 11 | - | 6,365.71 |
2013 | 12 | - | 6,427.32 |
2014 | 1 | - | 6,418.96 |
2014 | 2 | - | 6,593.70 |
2014 | 3 | - | 6,607.00 |
2014 | 4 | - | 6,708.22 |
2014 | 5 | - | 6,922.64 |
2014 | 6 | - | 7,026.19 |
2014 | 7 | - | 6,996.19 |
2014 | 8 | - | 7,120.59 |
2014 | 9 | - | 6,932.13 |
2014 | 10 | - | 7,327.66 |
2014 | 11 | - | 7,374.11 |
2014 | 12 | - | 7,292.25 |
2015 | 1 | - | 7,498.43 |
2015 | 2 | - | 7,502.58 |
2015 | 3 | - | 7,568.49 |
2015 | 4 | - | 7,642.57 |
2015 | 5 | - | 7,609.29 |
2015 | 6 | - | 7,603.23 |
2015 | 7 | - | 7,418.90 |
2015 | 8 | - | 7,084.52 |
2015 | 9 | - | 7,390.37 |
2015 | 10 | - | 7,607.09 |
2015 | 11 | - | 7,523.19 |
2015 | 12 | - | 7,040.23 |
2016 | 1 | - | 7,001.51 |
2016 | 2 | - | 7,447.00 |
2016 | 3 | - | 7,657.84 |
2016 | 4 | - | 7,634.53 |
2016 | 5 | - | 7,715.95 |
2016 | 6 | - | 7,970.38 |
2016 | 7 | - | 8,065.97 |
2016 | 8 | - | 8,030.59 |
2016 | 9 | - | 7,989.95 |
2016 | 10 | - | 8,085.93 |
2016 | 11 | - | 8,404.99 |
2016 | 12 | - | 8,525.83 |
2017 | 1 | - | 8,745.49 |
2017 | 2 | - | 8,898.47 |
2017 | 3 | - | 8,884.77 |
2017 | 4 | - | 9,035.13 |
2017 | 5 | - | 9,195.63 |
2017 | 6 | - | 9,286.47 |
2017 | 7 | - | 9,309.49 |
2017 | 8 | - | 9,463.40 |
2017 | 9 | - | 9,722.20 |
2017 | 10 | - | 9,876.74 |
2017 | 11 | - | 10,161.54 |
2017 | 12 | - | 10,655.58 |
2018 | 1 | - | 10,347.99 |
2018 | 2 | - | 10,354.67 |
2018 | 3 | - | 10,182.37 |
2018 | 4 | - | 10,382.11 |
2018 | 5 | - | 10,601.48 |
2018 | 6 | - | 10,769.06 |
2018 | 7 | - | 11,032.99 |
2018 | 8 | - | 11,218.32 |
2018 | 9 | - | 10,786.53 |
2018 | 10 | - | 10,562.59 |
2018 | 11 | - | 9,975.04 |
2018 | 12 | - | 10,148.17 |
2019 | 1 | - | 10,739.70 |
2019 | 2 | - | 10,948.91 |
2019 | 3 | - | 11,356.56 |
2019 | 4 | - | 11,182.61 |
2019 | 5 | - | 11,339.69 |
2019 | 6 | - | 11,773.70 |
2019 | 7 | - | 11,404.67 |
2019 | 8 | - | 11,756.53 |
2019 | 9 | - | 11,757.68 |
2019 | 10 | - | 12,278.98 |
2019 | 11 | - | 12,582.18 |
2019 | 12 | - | 13,003.23 |
2020 | 1 | - | 13,019.11 |
2020 | 2 | - | 10,556.19 |
2020 | 3 | - | 11,012.07 |
2020 | 4 | - | 11,660.39 |
2020 | 5 | - | 12,419.28 |
2020 | 6 | - | 12,851.03 |
2020 | 7 | - | 13,608.41 |
2020 | 8 | - | 13,523.08 |
2020 | 9 | - | 13,756.49 |
2020 | 10 | - | 14,300.44 |
2020 | 11 | - | 14,909.65 |
2020 | 12 | - | 15,326.42 |
2021 | 1 | - | 15,708.28 |
2021 | 2 | - | 15,837.30 |
2021 | 3 | - | 16,790.94 |
2021 | 4 | - | 16,918.59 |
2021 | 5 | - | 17,224.89 |
2021 | 6 | - | 17,753.39 |
2021 | 7 | - | 18,141.33 |
2021 | 8 | - | 18,126.00 |
2021 | 9 | - | 18,207.96 |
2021 | 10 | - | 19,071.88 |
2021 | 11 | - | 19,122.50 |
2021 | 12 | - | 18,730.11 |
2022 | 1 | - | 18,186.46 |
2022 | 2 | - | 18,024.13 |
2022 | 3 | - | 18,045.45 |
2022 | 4 | - | 16,624.78 |
2022 | 5 | - | 16,064.63 |
2022 | 6 | - | 16,139.28 |
2022 | 7 | - | 17,179.84 |
2022 | 8 | - | 15,929.59 |
2022 | 9 | - | 15,437.18 |
2022 | 10 | - | 16,253.05 |
2022 | 11 | - | 16,254.81 |
2022 | 12 | - | 16,478.55 |
2023 | 1 | - | 16,997.13 |
2023 | 2 | - | 16,557.68 |
2023 | 3 | - | 17,219.36 |
2023 | 4 | - | 17,346.39 |
2023 | 5 | - | 18,203.68 |
2023 | 6 | - | 18,909.26 |
2023 | 7 | - | 18,720.62 |
2023 | 8 | - | 18,542.10 |
2023 | 9 | - | 17,978.92 |
2023 | 10 | - | 18,806.26 |
2023 | 11 | - | 19,779.53 |
2023 | 12 | - | 20,355.48 |
2024 | 1 | - | 21,210.26 |
2024 | 2 | - | 21,906.41 |
2024 | 3 | - | 21,685.34 |
2024 | 4 | - | 22,231.10 |
2024 | 5 | - | 23,419.05 |
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 | $118.40 |
End Value Average monthly close | $5,509.01 |
Change in price | +4,552.88% +7.82% / yr |
Change incl. dividends | +18,840.81% +10.74% / yr |
Change incl. dividends, inflation-adjusted | +2,565.58% +6.59% / yr |
Final amount, nominal ($100 base) | $18,940.81 |
Final amount, inflation-adjusted ($100 base) | $2,665.58 |