If you invested $100 in the S&P 500 at the beginning of 1974, you would have about $22,626.24 at the end of 2024, assuming you reinvested all dividends. This is a return on investment of 22,526.24%, or 11.35% per year.
This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 3,433.74% cumulatively, or 7.33% per year.
If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $24,959.34.
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 $22,526.24, or 22,526.24%. This means by 2024 you would have $22,626.24 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 1974 was 49.300 and the CPI in 2024 was 315.664.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 50 years.
Adjusted for inflation, the $22,626.24 nominal end value of the original $100 investment would have a real return of roughly $3,433.74 in 1974 dollars. This means the inflation-adjusted return is 3,433.74% as opposed to the original 22,526.24%.
For more information on inflation, see our U.S. inflation calculator for 1974.
The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 605-month period between 1974 and 2024.
Note that data shown is the monthly average closing price. Returns include dividends.
Year | Month | Return (%) | Amount ($) | CPI |
---|---|---|---|---|
1974 | 1 | -2.47% | 97.53 | 46.60 |
1974 | 2 | 4.57% | 101.99 | 47.20 |
1974 | 3 | -4.82% | 97.08 | 47.80 |
1974 | 4 | -2.71% | 94.45 | 48.00 |
1974 | 5 | 0.46% | 94.88 | 48.60 |
1974 | 6 | -11.35% | 84.12 | 49.00 |
1974 | 7 | -3.76% | 80.95 | 49.40 |
1974 | 8 | -10.01% | 72.84 | 50.00 |
1974 | 9 | 2.38% | 74.57 | 50.60 |
1974 | 10 | 3.74% | 77.37 | 51.10 |
1974 | 11 | -6.09% | 72.65 | 51.50 |
1974 | 12 | 8.63% | 78.92 | 51.90 |
1975 | 1 | 10.81% | 87.45 | 52.10 |
1975 | 2 | 4.97% | 91.80 | 52.50 |
1975 | 3 | 1.49% | 93.17 | 52.70 |
1975 | 4 | 6.71% | 99.42 | 52.90 |
1975 | 5 | 2.89% | 102.30 | 53.20 |
1975 | 6 | 0.43% | 102.74 | 53.60 |
1975 | 7 | -7.00% | 95.56 | 54.20 |
1975 | 8 | -0.85% | 94.74 | 54.30 |
1975 | 9 | 4.97% | 99.45 | 54.60 |
1975 | 10 | 2.04% | 101.48 | 54.90 |
1975 | 11 | -1.18% | 100.28 | 55.30 |
1975 | 12 | 9.55% | 109.86 | 55.50 |
1976 | 1 | 4.18% | 114.45 | 55.60 |
1976 | 2 | 0.80% | 115.36 | 55.80 |
1976 | 3 | 1.10% | 116.63 | 55.90 |
1976 | 4 | -0.38% | 116.18 | 56.10 |
1976 | 5 | 0.90% | 117.23 | 56.50 |
1976 | 6 | 2.67% | 120.35 | 56.80 |
1976 | 7 | -0.56% | 119.68 | 57.10 |
1976 | 8 | 2.44% | 122.59 | 57.40 |
1976 | 9 | -3.11% | 118.78 | 57.60 |
1976 | 10 | -0.37% | 118.35 | 57.90 |
1976 | 11 | 3.79% | 122.83 | 58.00 |
1976 | 12 | -0.54% | 122.17 | 58.20 |
1977 | 1 | -2.37% | 119.28 | 58.50 |
1977 | 2 | -0.05% | 119.21 | 59.10 |
1977 | 3 | -1.19% | 117.79 | 59.50 |
1977 | 4 | 0.06% | 117.86 | 60.00 |
1977 | 5 | 0.90% | 118.93 | 60.30 |
1977 | 6 | 1.28% | 120.45 | 60.70 |
1977 | 7 | -2.08% | 117.95 | 61.00 |
1977 | 8 | -1.18% | 116.56 | 61.20 |
1977 | 9 | -2.20% | 114.00 | 61.40 |
1977 | 10 | 0.98% | 115.12 | 61.60 |
1977 | 11 | -0.08% | 115.02 | 61.90 |
1977 | 12 | -3.39% | 111.13 | 62.10 |
1978 | 1 | -0.97% | 110.05 | 62.50 |
1978 | 2 | 0.27% | 110.34 | 62.90 |
1978 | 3 | 4.83% | 115.67 | 63.40 |
1978 | 4 | 5.50% | 122.03 | 63.90 |
1978 | 5 | 0.67% | 122.86 | 64.50 |
1978 | 6 | -0.06% | 122.78 | 65.20 |
1978 | 7 | 7.33% | 131.78 | 65.70 |
1978 | 8 | 0.40% | 132.30 | 66.00 |
1978 | 9 | -2.77% | 128.63 | 66.50 |
1978 | 10 | -5.44% | 121.64 | 67.10 |
1978 | 11 | 1.92% | 123.98 | 67.40 |
1978 | 12 | 4.19% | 129.17 | 67.70 |
1979 | 1 | -1.06% | 127.80 | 68.30 |
1979 | 2 | 2.34% | 130.79 | 69.10 |
1979 | 3 | 2.43% | 133.97 | 69.80 |
1979 | 4 | -1.89% | 131.44 | 70.60 |
1979 | 5 | 2.42% | 134.61 | 71.50 |
1979 | 6 | 1.42% | 136.53 | 72.30 |
1979 | 7 | 5.01% | 143.37 | 73.10 |
1979 | 8 | 1.54% | 145.58 | 73.80 |
1979 | 9 | -3.35% | 140.70 | 74.60 |
1979 | 10 | -0.32% | 140.25 | 75.20 |
1979 | 11 | 4.40% | 146.42 | 75.90 |
1979 | 12 | 3.31% | 151.27 | 76.70 |
1980 | 1 | 4.40% | 157.92 | 77.80 |
1980 | 2 | -8.78% | 144.06 | 78.90 |
1980 | 3 | -1.16% | 142.39 | 80.10 |
1980 | 4 | 5.04% | 149.56 | 81.00 |
1980 | 5 | 6.86% | 159.82 | 81.80 |
1980 | 6 | 4.97% | 167.76 | 82.70 |
1980 | 7 | 3.50% | 173.64 | 82.70 |
1980 | 8 | 2.84% | 178.57 | 83.30 |
1980 | 9 | 3.32% | 184.50 | 84.00 |
1980 | 10 | 4.61% | 193.02 | 84.80 |
1980 | 11 | -1.24% | 190.62 | 85.50 |
1980 | 12 | 0.01% | 190.64 | 86.30 |
1981 | 1 | -3.07% | 184.78 | 87.00 |
1981 | 2 | 4.14% | 192.44 | 87.90 |
1981 | 3 | 1.29% | 194.93 | 88.50 |
1981 | 4 | -1.62% | 191.78 | 89.10 |
1981 | 5 | 0.86% | 193.42 | 89.80 |
1981 | 6 | -2.02% | 189.52 | 90.60 |
1981 | 7 | 0.80% | 191.04 | 91.60 |
1981 | 8 | -8.30% | 175.18 | 92.30 |
1981 | 9 | 1.73% | 178.21 | 93.20 |
1981 | 10 | 3.04% | 183.63 | 93.40 |
1981 | 11 | 1.18% | 185.80 | 93.70 |
1981 | 12 | -4.80% | 176.87 | 94.00 |
1982 | 1 | -1.91% | 173.48 | 94.30 |
1982 | 2 | -2.74% | 168.72 | 94.60 |
1982 | 3 | 5.47% | 177.95 | 94.50 |
1982 | 4 | 0.57% | 178.97 | 94.90 |
1982 | 5 | -5.27% | 169.53 | 95.80 |
1982 | 6 | 0.24% | 169.95 | 97.00 |
1982 | 7 | 0.79% | 171.30 | 97.50 |
1982 | 8 | 12.10% | 192.02 | 97.70 |
1982 | 9 | 8.88% | 209.07 | 97.90 |
1982 | 10 | 4.50% | 218.48 | 98.20 |
1982 | 11 | 1.36% | 221.44 | 98.00 |
1982 | 12 | 3.93% | 230.13 | 97.60 |
1983 | 1 | 2.13% | 235.03 | 97.80 |
1983 | 2 | 3.87% | 244.12 | 97.90 |
1983 | 3 | 4.20% | 254.37 | 97.90 |
1983 | 4 | 4.42% | 265.62 | 98.60 |
1983 | 5 | 1.75% | 270.28 | 99.20 |
1983 | 6 | 0.71% | 272.19 | 99.50 |
1983 | 7 | -2.41% | 265.64 | 99.90 |
1983 | 8 | 3.31% | 274.44 | 100.20 |
1983 | 9 | 0.65% | 276.22 | 100.70 |
1983 | 10 | -1.14% | 273.07 | 101.00 |
1983 | 11 | -0.13% | 272.72 | 101.20 |
1983 | 12 | 1.58% | 277.02 | 101.30 |
1984 | 1 | -5.11% | 262.85 | 101.90 |
1984 | 2 | 0.44% | 264.02 | 102.40 |
1984 | 3 | 0.51% | 265.36 | 102.60 |
1984 | 4 | -0.25% | 264.69 | 103.10 |
1984 | 5 | -1.85% | 259.79 | 103.40 |
1984 | 6 | -0.91% | 257.43 | 103.70 |
1984 | 7 | 9.21% | 281.13 | 104.10 |
1984 | 8 | 1.41% | 285.09 | 104.50 |
1984 | 9 | -0.41% | 283.91 | 105.00 |
1984 | 10 | 1.29% | 287.56 | 105.30 |
1984 | 11 | -0.71% | 285.53 | 105.30 |
1984 | 12 | 4.70% | 298.94 | 105.30 |
1985 | 1 | 5.79% | 316.24 | 105.50 |
1985 | 2 | -0.48% | 314.73 | 106.00 |
1985 | 3 | 1.02% | 317.96 | 106.40 |
1985 | 4 | 2.74% | 326.65 | 106.90 |
1985 | 5 | 2.51% | 334.86 | 107.30 |
1985 | 6 | 2.25% | 342.38 | 107.60 |
1985 | 7 | -1.85% | 336.06 | 107.80 |
1985 | 8 | -1.88% | 329.73 | 108.00 |
1985 | 9 | 1.50% | 334.66 | 108.30 |
1985 | 10 | 6.42% | 356.15 | 108.70 |
1985 | 11 | 5.29% | 375.00 | 109.00 |
1985 | 12 | 0.75% | 377.82 | 109.30 |
1986 | 1 | 5.70% | 399.35 | 109.60 |
1986 | 2 | 6.18% | 424.04 | 109.30 |
1986 | 3 | 2.74% | 435.66 | 108.80 |
1986 | 4 | 0.49% | 437.81 | 108.60 |
1986 | 5 | 3.13% | 451.52 | 108.90 |
1986 | 6 | -1.80% | 443.38 | 109.50 |
1986 | 7 | 2.28% | 453.49 | 109.50 |
1986 | 8 | -2.46% | 442.35 | 109.70 |
1986 | 9 | -0.09% | 441.95 | 110.20 |
1986 | 10 | 3.53% | 457.57 | 110.30 |
1986 | 11 | 1.71% | 465.39 | 110.40 |
1986 | 12 | 6.67% | 496.44 | 110.50 |
1987 | 1 | 6.46% | 528.52 | 111.20 |
1987 | 2 | 4.38% | 551.65 | 111.60 |
1987 | 3 | -0.86% | 546.93 | 112.10 |
1987 | 4 | 0.17% | 547.88 | 112.70 |
1987 | 5 | 4.50% | 572.52 | 113.10 |
1987 | 6 | 3.12% | 590.40 | 113.50 |
1987 | 7 | 6.45% | 628.50 | 113.80 |
1987 | 8 | -3.03% | 609.45 | 114.40 |
1987 | 9 | -11.85% | 537.21 | 115.00 |
1987 | 10 | -12.30% | 471.12 | 115.30 |
1987 | 11 | -1.33% | 464.83 | 115.40 |
1987 | 12 | 4.25% | 484.57 | 115.40 |
1988 | 1 | 3.33% | 500.70 | 115.70 |
1988 | 2 | 3.23% | 516.88 | 116.00 |
1988 | 3 | -0.89% | 512.30 | 116.50 |
1988 | 4 | -2.19% | 501.09 | 117.10 |
1988 | 5 | 6.00% | 531.14 | 117.50 |
1988 | 6 | -0.31% | 529.51 | 118.00 |
1988 | 7 | -1.72% | 520.41 | 118.50 |
1988 | 8 | 1.93% | 530.44 | 119.00 |
1988 | 9 | 3.80% | 550.61 | 119.80 |
1988 | 10 | -2.02% | 539.49 | 120.20 |
1988 | 11 | 2.33% | 552.03 | 120.30 |
1988 | 12 | 3.51% | 571.42 | 120.50 |
1989 | 1 | 3.30% | 590.28 | 121.10 |
1989 | 2 | -0.16% | 589.33 | 121.60 |
1989 | 3 | 3.56% | 610.33 | 122.30 |
1989 | 4 | 4.12% | 635.45 | 123.10 |
1989 | 5 | 3.39% | 657.01 | 123.80 |
1989 | 6 | 2.80% | 675.41 | 124.10 |
1989 | 7 | 4.69% | 707.09 | 124.40 |
1989 | 8 | 0.46% | 710.31 | 124.60 |
1989 | 9 | 0.29% | 712.34 | 125.00 |
1989 | 10 | -1.81% | 699.43 | 125.60 |
1989 | 11 | 2.74% | 718.57 | 125.90 |
1989 | 12 | -2.21% | 702.68 | 126.10 |
1990 | 1 | -2.53% | 684.92 | 127.40 |
1990 | 2 | 2.71% | 703.46 | 128.00 |
1990 | 3 | 0.20% | 704.84 | 128.70 |
1990 | 4 | 3.85% | 731.98 | 128.90 |
1990 | 5 | 3.17% | 755.19 | 129.20 |
1990 | 6 | 0.17% | 756.47 | 129.90 |
1990 | 7 | -7.86% | 697.00 | 130.40 |
1990 | 8 | -4.34% | 666.74 | 131.60 |
1990 | 9 | -2.32% | 651.30 | 132.70 |
1990 | 10 | 2.98% | 670.74 | 133.50 |
1990 | 11 | 4.59% | 701.50 | 133.80 |
1990 | 12 | -0.69% | 696.69 | 133.80 |
1991 | 1 | 11.61% | 777.56 | 134.60 |
1991 | 2 | 3.04% | 801.23 | 134.80 |
1991 | 3 | 2.26% | 819.33 | 135.00 |
1991 | 4 | -0.18% | 817.86 | 135.20 |
1991 | 5 | 0.35% | 820.70 | 135.60 |
1991 | 6 | 0.78% | 827.11 | 136.00 |
1991 | 7 | 2.68% | 849.27 | 136.20 |
1991 | 8 | -0.30% | 846.69 | 136.60 |
1991 | 9 | 0.18% | 848.23 | 137.20 |
1991 | 10 | 0.02% | 848.36 | 137.40 |
1991 | 11 | 0.94% | 856.30 | 137.80 |
1991 | 12 | 7.36% | 919.30 | 137.90 |
1992 | 1 | -0.60% | 913.78 | 138.10 |
1992 | 2 | -1.01% | 904.53 | 138.60 |
1992 | 3 | 0.26% | 906.92 | 139.30 |
1992 | 4 | 2.07% | 925.68 | 139.50 |
1992 | 5 | -1.33% | 913.37 | 139.70 |
1992 | 6 | 1.91% | 930.84 | 140.20 |
1992 | 7 | 0.94% | 939.61 | 140.50 |
1992 | 8 | 0.38% | 943.16 | 140.90 |
1992 | 9 | -1.18% | 932.01 | 141.30 |
1992 | 10 | 2.76% | 957.70 | 141.80 |
1992 | 11 | 3.27% | 989.03 | 142.00 |
1992 | 12 | 0.14% | 990.45 | 141.90 |
1993 | 1 | 1.72% | 1,007.52 | 142.60 |
1993 | 2 | 2.15% | 1,029.19 | 143.10 |
1993 | 3 | -1.34% | 1,015.38 | 143.60 |
1993 | 4 | 0.72% | 1,022.74 | 144.00 |
1993 | 5 | 0.87% | 1,031.59 | 144.20 |
1993 | 6 | 0.06% | 1,032.22 | 144.40 |
1993 | 7 | 1.76% | 1,050.41 | 144.40 |
1993 | 8 | 1.35% | 1,064.64 | 144.80 |
1993 | 9 | 1.24% | 1,077.86 | 145.10 |
1993 | 10 | 0.01% | 1,077.94 | 145.70 |
1993 | 11 | 0.89% | 1,087.51 | 145.80 |
1993 | 12 | 1.74% | 1,106.38 | 145.80 |
1994 | 1 | -0.08% | 1,105.55 | 146.20 |
1994 | 2 | -1.42% | 1,089.81 | 146.70 |
1994 | 3 | -3.35% | 1,053.34 | 147.20 |
1994 | 4 | 1.06% | 1,064.48 | 147.40 |
1994 | 5 | 1.11% | 1,076.28 | 147.50 |
1994 | 6 | -0.52% | 1,070.69 | 148.00 |
1994 | 7 | 3.08% | 1,103.69 | 148.40 |
1994 | 8 | 0.82% | 1,112.72 | 149.00 |
1994 | 9 | -0.44% | 1,107.78 | 149.40 |
1994 | 10 | -0.37% | 1,103.68 | 149.50 |
1994 | 11 | -1.03% | 1,092.36 | 149.70 |
1994 | 12 | 2.45% | 1,119.13 | 149.70 |
1995 | 1 | 3.82% | 1,161.87 | 150.30 |
1995 | 2 | 2.56% | 1,191.60 | 150.90 |
1995 | 3 | 3.22% | 1,229.91 | 151.40 |
1995 | 4 | 3.35% | 1,271.09 | 151.90 |
1995 | 5 | 3.18% | 1,311.49 | 152.20 |
1995 | 6 | 3.55% | 1,358.01 | 152.50 |
1995 | 7 | 0.51% | 1,364.98 | 152.50 |
1995 | 8 | 3.72% | 1,415.73 | 152.90 |
1995 | 9 | 0.91% | 1,428.65 | 153.20 |
1995 | 10 | 2.36% | 1,462.34 | 153.70 |
1995 | 11 | 3.39% | 1,511.90 | 153.60 |
1995 | 12 | 0.16% | 1,514.36 | 153.50 |
1996 | 1 | 5.90% | 1,603.77 | 154.40 |
1996 | 2 | -0.20% | 1,600.55 | 154.90 |
1996 | 3 | 0.20% | 1,603.71 | 155.70 |
1996 | 4 | 2.35% | 1,641.47 | 156.30 |
1996 | 5 | 1.28% | 1,662.46 | 156.60 |
1996 | 6 | -3.48% | 1,604.66 | 156.70 |
1996 | 7 | 3.08% | 1,654.02 | 157.00 |
1996 | 8 | 2.02% | 1,687.49 | 157.30 |
1996 | 9 | 4.12% | 1,757.01 | 157.80 |
1996 | 10 | 5.05% | 1,845.77 | 158.30 |
1996 | 11 | 1.20% | 1,867.89 | 158.60 |
1996 | 12 | 3.26% | 1,928.74 | 158.60 |
1997 | 1 | 4.36% | 2,012.85 | 159.10 |
1997 | 2 | -0.62% | 2,000.30 | 159.60 |
1997 | 3 | -3.41% | 1,932.18 | 160.00 |
1997 | 4 | 9.22% | 2,110.29 | 160.20 |
1997 | 5 | 5.34% | 2,222.91 | 160.10 |
1997 | 6 | 5.74% | 2,350.42 | 160.30 |
1997 | 7 | 0.35% | 2,358.59 | 160.50 |
1997 | 8 | 1.19% | 2,386.70 | 160.80 |
1997 | 9 | 1.65% | 2,425.98 | 161.20 |
1997 | 10 | -1.15% | 2,398.03 | 161.60 |
1997 | 11 | 2.63% | 2,461.21 | 161.50 |
1997 | 12 | 0.24% | 2,467.04 | 161.30 |
1998 | 1 | 6.40% | 2,624.98 | 161.60 |
1998 | 2 | 5.31% | 2,764.45 | 161.90 |
1998 | 3 | 3.41% | 2,858.59 | 162.20 |
1998 | 4 | -0.22% | 2,852.25 | 162.50 |
1998 | 5 | 0.12% | 2,855.57 | 162.80 |
1998 | 6 | 4.47% | 2,983.15 | 163.00 |
1998 | 7 | -6.97% | 2,775.20 | 163.20 |
1998 | 8 | -4.90% | 2,639.25 | 163.40 |
1998 | 9 | 1.29% | 2,673.32 | 163.60 |
1998 | 10 | 10.97% | 2,966.70 | 164.00 |
1998 | 11 | 4.10% | 3,088.46 | 164.00 |
1998 | 12 | 5.05% | 3,244.36 | 163.90 |
1999 | 1 | -0.07% | 3,242.19 | 164.30 |
1999 | 2 | 2.92% | 3,336.98 | 164.50 |
1999 | 3 | 4.25% | 3,478.80 | 165.00 |
1999 | 4 | -0.10% | 3,475.36 | 166.20 |
1999 | 5 | -0.61% | 3,454.10 | 166.20 |
1999 | 6 | 4.52% | 3,610.31 | 166.20 |
1999 | 7 | -3.77% | 3,474.04 | 166.70 |
1999 | 8 | -0.60% | 3,453.27 | 167.10 |
1999 | 9 | -1.27% | 3,409.33 | 167.90 |
1999 | 10 | 7.11% | 3,651.59 | 168.20 |
1999 | 11 | 2.81% | 3,754.15 | 168.30 |
1999 | 12 | -0.12% | 3,749.69 | 168.30 |
2000 | 1 | -2.48% | 3,656.77 | 168.80 |
2000 | 2 | 3.94% | 3,800.88 | 169.80 |
2000 | 3 | 1.42% | 3,855.03 | 171.20 |
2000 | 4 | -2.84% | 3,745.59 | 171.30 |
2000 | 5 | 3.16% | 3,864.08 | 171.50 |
2000 | 6 | 0.85% | 3,896.94 | 172.40 |
2000 | 7 | 0.94% | 3,933.56 | 172.80 |
2000 | 8 | -1.08% | 3,891.09 | 172.80 |
2000 | 9 | -5.21% | 3,688.20 | 173.70 |
2000 | 10 | -0.77% | 3,659.71 | 174.00 |
2000 | 11 | -3.32% | 3,538.20 | 174.10 |
2000 | 12 | 0.46% | 3,554.30 | 174.00 |
2001 | 1 | -2.14% | 3,478.37 | 175.10 |
2001 | 2 | -9.08% | 3,162.54 | 175.80 |
2001 | 3 | 0.45% | 3,176.73 | 176.20 |
2001 | 4 | 6.88% | 3,395.27 | 176.90 |
2001 | 5 | -2.39% | 3,314.17 | 177.70 |
2001 | 6 | -2.66% | 3,226.00 | 178.00 |
2001 | 7 | -2.05% | 3,160.00 | 177.50 |
2001 | 8 | -11.25% | 2,804.59 | 177.50 |
2001 | 9 | 3.18% | 2,893.89 | 178.30 |
2001 | 10 | 5.05% | 3,040.12 | 177.70 |
2001 | 11 | 1.47% | 3,084.69 | 177.40 |
2001 | 12 | -0.30% | 3,075.51 | 176.70 |
2002 | 1 | -3.35% | 2,972.39 | 177.10 |
2002 | 2 | 4.95% | 3,119.39 | 177.80 |
2002 | 3 | -3.51% | 3,009.76 | 178.80 |
2002 | 4 | -2.82% | 2,924.87 | 179.80 |
2002 | 5 | -5.92% | 2,751.69 | 179.80 |
2002 | 6 | -10.76% | 2,455.65 | 179.90 |
2002 | 7 | 1.14% | 2,483.61 | 180.10 |
2002 | 8 | -4.76% | 2,365.45 | 180.70 |
2002 | 9 | -1.37% | 2,333.11 | 181.00 |
2002 | 10 | 6.63% | 2,487.70 | 181.30 |
2002 | 11 | -1.04% | 2,461.95 | 181.30 |
2002 | 12 | -0.22% | 2,456.47 | 180.90 |
2003 | 1 | -6.41% | 2,298.89 | 181.70 |
2003 | 2 | 1.31% | 2,328.96 | 183.10 |
2003 | 3 | 5.29% | 2,452.06 | 184.20 |
2003 | 4 | 5.31% | 2,582.32 | 183.80 |
2003 | 5 | 5.70% | 2,729.62 | 183.50 |
2003 | 6 | 0.60% | 2,745.89 | 183.70 |
2003 | 7 | -0.17% | 2,741.32 | 183.90 |
2003 | 8 | 3.16% | 2,827.98 | 184.60 |
2003 | 9 | 2.03% | 2,885.33 | 185.20 |
2003 | 10 | 1.21% | 2,920.25 | 185.00 |
2003 | 11 | 3.06% | 3,009.73 | 184.50 |
2003 | 12 | 4.93% | 3,158.25 | 184.30 |
2004 | 1 | 1.09% | 3,192.57 | 185.20 |
2004 | 2 | -1.57% | 3,142.60 | 186.20 |
2004 | 3 | 0.97% | 3,173.03 | 187.40 |
2004 | 4 | -2.56% | 3,091.66 | 188.00 |
2004 | 5 | 2.86% | 3,180.01 | 189.10 |
2004 | 6 | -2.24% | 3,108.82 | 189.70 |
2004 | 7 | -1.39% | 3,065.68 | 189.40 |
2004 | 8 | 2.78% | 3,150.99 | 189.50 |
2004 | 9 | 0.10% | 3,154.22 | 189.90 |
2004 | 10 | 4.77% | 3,304.80 | 190.90 |
2004 | 11 | 2.73% | 3,394.94 | 191.00 |
2004 | 12 | -1.35% | 3,349.13 | 190.30 |
2005 | 1 | 1.68% | 3,405.44 | 190.70 |
2005 | 2 | -0.26% | 3,396.74 | 191.80 |
2005 | 3 | -2.41% | 3,314.91 | 193.30 |
2005 | 4 | 1.34% | 3,359.19 | 194.60 |
2005 | 5 | 2.18% | 3,432.45 | 194.40 |
2005 | 6 | 1.81% | 3,494.50 | 194.50 |
2005 | 7 | 0.31% | 3,505.33 | 195.40 |
2005 | 8 | 0.28% | 3,515.14 | 196.40 |
2005 | 9 | -2.62% | 3,422.89 | 198.80 |
2005 | 10 | 3.96% | 3,558.49 | 199.20 |
2005 | 11 | 2.14% | 3,634.79 | 197.60 |
2005 | 12 | 1.47% | 3,688.10 | 196.80 |
2006 | 1 | -0.02% | 3,687.49 | 198.30 |
2006 | 2 | 1.49% | 3,742.29 | 198.70 |
2006 | 3 | 0.80% | 3,772.17 | 199.80 |
2006 | 4 | -0.79% | 3,742.49 | 201.50 |
2006 | 5 | -2.71% | 3,641.23 | 202.50 |
2006 | 6 | 0.72% | 3,667.45 | 202.90 |
2006 | 7 | 2.29% | 3,751.50 | 203.50 |
2006 | 8 | 2.53% | 3,846.45 | 203.90 |
2006 | 9 | 3.62% | 3,985.54 | 202.90 |
2006 | 10 | 2.00% | 4,065.31 | 201.80 |
2006 | 11 | 2.15% | 4,152.65 | 201.50 |
2006 | 12 | 0.69% | 4,181.42 | 201.80 |
2007 | 1 | 1.60% | 4,248.16 | 202.42 |
2007 | 2 | -2.47% | 4,143.06 | 203.50 |
2007 | 3 | 4.18% | 4,316.25 | 205.35 |
2007 | 4 | 3.39% | 4,462.65 | 206.69 |
2007 | 5 | 0.34% | 4,478.04 | 207.95 |
2007 | 6 | 0.57% | 4,503.77 | 208.35 |
2007 | 7 | -4.20% | 4,314.56 | 208.30 |
2007 | 8 | 3.07% | 4,447.23 | 207.92 |
2007 | 9 | 2.99% | 4,580.27 | 208.49 |
2007 | 10 | -4.81% | 4,360.13 | 208.94 |
2007 | 11 | 1.24% | 4,414.12 | 210.18 |
2007 | 12 | -6.64% | 4,121.23 | 210.04 |
2008 | 1 | -1.56% | 4,056.78 | 211.08 |
2008 | 2 | -2.63% | 3,950.22 | 211.69 |
2008 | 3 | 4.24% | 4,117.86 | 213.53 |
2008 | 4 | 2.56% | 4,223.38 | 214.82 |
2008 | 5 | -4.25% | 4,044.03 | 216.63 |
2008 | 6 | -6.08% | 3,798.22 | 218.82 |
2008 | 7 | 2.11% | 3,878.38 | 219.96 |
2008 | 8 | -4.85% | 3,690.38 | 219.09 |
2008 | 9 | -20.19% | 2,945.16 | 218.78 |
2008 | 10 | -8.61% | 2,691.72 | 216.57 |
2008 | 11 | -0.35% | 2,682.26 | 212.43 |
2008 | 12 | -1.10% | 2,652.88 | 210.23 |
2009 | 1 | -6.70% | 2,475.07 | 211.14 |
2009 | 2 | -5.69% | 2,334.30 | 212.19 |
2009 | 3 | 12.32% | 2,621.93 | 212.71 |
2009 | 4 | 6.66% | 2,796.54 | 213.24 |
2009 | 5 | 2.87% | 2,876.77 | 213.86 |
2009 | 6 | 1.28% | 2,913.53 | 215.69 |
2009 | 7 | 8.12% | 3,150.12 | 215.35 |
2009 | 8 | 3.65% | 3,265.12 | 215.83 |
2009 | 9 | 2.40% | 3,343.58 | 215.97 |
2009 | 10 | 2.09% | 3,413.61 | 216.18 |
2009 | 11 | 2.23% | 3,489.59 | 216.33 |
2009 | 12 | 1.36% | 3,536.94 | 215.95 |
2010 | 1 | -2.90% | 3,434.42 | 216.69 |
2010 | 2 | 5.94% | 3,638.53 | 216.74 |
2010 | 3 | 4.09% | 3,787.27 | 217.63 |
2010 | 4 | -5.88% | 3,564.49 | 218.01 |
2010 | 5 | -3.54% | 3,438.18 | 218.18 |
2010 | 6 | -0.16% | 3,432.71 | 217.97 |
2010 | 7 | 0.86% | 3,462.36 | 218.01 |
2010 | 8 | 3.37% | 3,579.08 | 218.31 |
2010 | 9 | 4.58% | 3,742.91 | 218.44 |
2010 | 10 | 2.49% | 3,836.14 | 218.71 |
2010 | 11 | 3.71% | 3,978.60 | 218.80 |
2010 | 12 | 3.46% | 4,116.35 | 219.18 |
2011 | 1 | 3.15% | 4,246.05 | 220.22 |
2011 | 2 | -1.11% | 4,198.82 | 221.31 |
2011 | 3 | 2.22% | 4,292.07 | 223.47 |
2011 | 4 | 0.66% | 4,320.37 | 224.91 |
2011 | 5 | -3.66% | 4,162.13 | 225.96 |
2011 | 6 | 3.10% | 4,291.23 | 225.72 |
2011 | 7 | -10.40% | 3,844.91 | 225.92 |
2011 | 8 | -0.79% | 3,814.56 | 226.55 |
2011 | 9 | 3.02% | 3,929.72 | 226.89 |
2011 | 10 | 1.77% | 3,999.17 | 226.42 |
2011 | 11 | 1.55% | 4,061.34 | 226.23 |
2011 | 12 | 4.78% | 4,255.58 | 225.67 |
2012 | 1 | 4.16% | 4,432.72 | 226.67 |
2012 | 2 | 2.88% | 4,560.55 | 227.66 |
2012 | 3 | -0.04% | 4,558.81 | 229.39 |
2012 | 4 | -3.09% | 4,417.90 | 230.09 |
2012 | 5 | -1.15% | 4,366.99 | 229.82 |
2012 | 6 | 2.92% | 4,494.55 | 229.48 |
2012 | 7 | 3.39% | 4,646.81 | 229.10 |
2012 | 8 | 3.02% | 4,787.20 | 230.38 |
2012 | 9 | -0.22% | 4,776.81 | 231.41 |
2012 | 10 | -2.84% | 4,641.27 | 231.32 |
2012 | 11 | 2.18% | 4,742.24 | 230.22 |
2012 | 12 | 4.27% | 4,944.67 | 229.60 |
2013 | 1 | 2.33% | 5,060.03 | 230.28 |
2013 | 2 | 2.72% | 5,197.79 | 232.17 |
2013 | 3 | 1.45% | 5,273.36 | 232.77 |
2013 | 4 | 4.57% | 5,514.57 | 232.53 |
2013 | 5 | -1.12% | 5,452.93 | 232.95 |
2013 | 6 | 3.25% | 5,630.40 | 233.50 |
2013 | 7 | 0.25% | 5,644.62 | 233.60 |
2013 | 8 | 1.19% | 5,711.93 | 233.88 |
2013 | 9 | 2.12% | 5,832.88 | 234.15 |
2013 | 10 | 3.86% | 6,058.03 | 233.55 |
2013 | 11 | 1.52% | 6,150.21 | 233.07 |
2013 | 12 | 0.97% | 6,209.73 | 233.05 |
2014 | 1 | -0.13% | 6,201.66 | 233.92 |
2014 | 2 | 2.72% | 6,370.48 | 234.78 |
2014 | 3 | 0.20% | 6,383.33 | 236.29 |
2014 | 4 | 1.53% | 6,481.13 | 237.07 |
2014 | 5 | 3.20% | 6,688.29 | 237.90 |
2014 | 6 | 1.50% | 6,788.33 | 238.34 |
2014 | 7 | -0.43% | 6,759.35 | 238.25 |
2014 | 8 | 1.78% | 6,879.53 | 237.85 |
2014 | 9 | -2.65% | 6,697.46 | 238.03 |
2014 | 10 | 5.71% | 7,079.59 | 237.43 |
2014 | 11 | 0.63% | 7,124.47 | 236.15 |
2014 | 12 | -1.11% | 7,045.39 | 234.81 |
2015 | 1 | 2.83% | 7,244.59 | 233.71 |
2015 | 2 | 0.06% | 7,248.60 | 234.72 |
2015 | 3 | 0.88% | 7,312.27 | 236.12 |
2015 | 4 | 0.98% | 7,383.85 | 236.60 |
2015 | 5 | -0.44% | 7,351.69 | 237.81 |
2015 | 6 | -0.08% | 7,345.84 | 238.64 |
2015 | 7 | -2.42% | 7,167.75 | 238.65 |
2015 | 8 | -4.51% | 6,844.69 | 238.32 |
2015 | 9 | 4.32% | 7,140.18 | 237.95 |
2015 | 10 | 2.93% | 7,349.57 | 237.84 |
2015 | 11 | -1.10% | 7,268.50 | 237.34 |
2015 | 12 | -6.42% | 6,801.89 | 236.53 |
2016 | 1 | -0.55% | 6,764.49 | 236.92 |
2016 | 2 | 6.36% | 7,194.89 | 237.11 |
2016 | 3 | 2.83% | 7,398.60 | 238.13 |
2016 | 4 | -0.30% | 7,376.08 | 239.26 |
2016 | 5 | 1.07% | 7,454.75 | 240.23 |
2016 | 6 | 3.30% | 7,700.56 | 241.02 |
2016 | 7 | 1.20% | 7,792.91 | 240.63 |
2016 | 8 | -0.44% | 7,758.73 | 240.85 |
2016 | 9 | -0.51% | 7,719.47 | 241.43 |
2016 | 10 | 1.20% | 7,812.19 | 241.73 |
2016 | 11 | 3.95% | 8,120.46 | 241.35 |
2016 | 12 | 1.44% | 8,237.20 | 241.43 |
2017 | 1 | 2.58% | 8,449.43 | 242.84 |
2017 | 2 | 1.75% | 8,597.23 | 243.60 |
2017 | 3 | -0.15% | 8,583.99 | 243.80 |
2017 | 4 | 1.69% | 8,729.26 | 244.52 |
2017 | 5 | 1.78% | 8,884.33 | 244.73 |
2017 | 6 | 0.99% | 8,972.10 | 244.96 |
2017 | 7 | 0.25% | 8,994.33 | 244.79 |
2017 | 8 | 1.65% | 9,143.03 | 245.52 |
2017 | 9 | 2.73% | 9,393.08 | 246.82 |
2017 | 10 | 1.59% | 9,542.39 | 246.66 |
2017 | 11 | 2.88% | 9,817.54 | 246.67 |
2017 | 12 | 4.86% | 10,294.86 | 246.52 |
2018 | 1 | -2.89% | 9,997.68 | 247.87 |
2018 | 2 | 0.06% | 10,004.13 | 248.99 |
2018 | 3 | -1.66% | 9,837.67 | 249.55 |
2018 | 4 | 1.96% | 10,030.65 | 250.55 |
2018 | 5 | 2.11% | 10,242.59 | 251.59 |
2018 | 6 | 1.58% | 10,404.50 | 251.99 |
2018 | 7 | 2.45% | 10,659.49 | 252.01 |
2018 | 8 | 1.68% | 10,838.55 | 252.15 |
2018 | 9 | -3.85% | 10,421.37 | 252.44 |
2018 | 10 | -2.08% | 10,205.01 | 252.89 |
2018 | 11 | -5.56% | 9,637.36 | 252.04 |
2018 | 12 | 1.74% | 9,804.63 | 251.23 |
2019 | 1 | 5.83% | 10,376.13 | 251.71 |
2019 | 2 | 1.95% | 10,578.26 | 252.78 |
2019 | 3 | 3.72% | 10,972.11 | 254.20 |
2019 | 4 | -1.53% | 10,804.04 | 255.55 |
2019 | 5 | 1.40% | 10,955.81 | 256.09 |
2019 | 6 | 3.83% | 11,375.13 | 256.14 |
2019 | 7 | -3.13% | 11,018.58 | 256.57 |
2019 | 8 | 3.09% | 11,358.53 | 256.56 |
2019 | 9 | 0.01% | 11,359.65 | 256.76 |
2019 | 10 | 4.43% | 11,863.30 | 257.35 |
2019 | 11 | 2.47% | 12,156.24 | 257.21 |
2019 | 12 | 3.35% | 12,563.04 | 256.97 |
2020 | 1 | 0.12% | 12,578.37 | 257.97 |
2020 | 2 | -18.92% | 10,198.83 | 258.68 |
2020 | 3 | 4.32% | 10,639.28 | 258.12 |
2020 | 4 | 5.89% | 11,265.65 | 256.39 |
2020 | 5 | 6.51% | 11,998.85 | 256.39 |
2020 | 6 | 3.48% | 12,415.99 | 257.80 |
2020 | 7 | 5.89% | 13,147.72 | 259.10 |
2020 | 8 | -0.63% | 13,065.29 | 259.92 |
2020 | 9 | 1.73% | 13,290.79 | 260.28 |
2020 | 10 | 3.95% | 13,816.33 | 260.39 |
2020 | 11 | 4.26% | 14,404.91 | 260.23 |
2020 | 12 | 2.80% | 14,807.57 | 260.47 |
2021 | 1 | 2.49% | 15,176.51 | 261.58 |
2021 | 2 | 0.82% | 15,301.16 | 263.01 |
2021 | 3 | 6.02% | 16,222.52 | 264.88 |
2021 | 4 | 0.76% | 16,345.85 | 267.05 |
2021 | 5 | 1.81% | 16,641.78 | 269.20 |
2021 | 6 | 3.07% | 17,152.38 | 271.70 |
2021 | 7 | 2.19% | 17,527.19 | 273.00 |
2021 | 8 | -0.08% | 17,512.38 | 273.57 |
2021 | 9 | 0.45% | 17,591.56 | 274.31 |
2021 | 10 | 4.74% | 18,426.24 | 276.59 |
2021 | 11 | 0.27% | 18,475.14 | 277.95 |
2021 | 12 | -2.05% | 18,096.04 | 278.80 |
2022 | 1 | -2.90% | 17,570.79 | 281.15 |
2022 | 2 | -0.89% | 17,413.96 | 283.72 |
2022 | 3 | 0.12% | 17,434.56 | 287.50 |
2022 | 4 | -7.87% | 16,061.98 | 289.11 |
2022 | 5 | -3.37% | 15,520.79 | 292.30 |
2022 | 6 | 0.46% | 15,592.92 | 296.31 |
2022 | 7 | 6.45% | 16,598.25 | 296.28 |
2022 | 8 | -7.28% | 15,390.33 | 296.17 |
2022 | 9 | -3.09% | 14,914.59 | 296.81 |
2022 | 10 | 5.29% | 15,702.84 | 298.01 |
2022 | 11 | 0.01% | 15,704.54 | 297.71 |
2022 | 12 | 1.38% | 15,920.71 | 296.80 |
2023 | 1 | 3.15% | 16,421.73 | 299.17 |
2023 | 2 | -2.59% | 15,997.15 | 300.84 |
2023 | 3 | 4.00% | 16,636.44 | 301.84 |
2023 | 4 | 0.74% | 16,759.16 | 303.36 |
2023 | 5 | 4.94% | 17,587.43 | 304.13 |
2023 | 6 | 3.88% | 18,269.13 | 305.11 |
2023 | 7 | -1.00% | 18,086.87 | 305.69 |
2023 | 8 | -0.95% | 17,914.40 | 307.03 |
2023 | 9 | -3.04% | 17,370.28 | 307.79 |
2023 | 10 | 4.60% | 18,169.61 | 307.67 |
2023 | 11 | 5.18% | 19,109.93 | 307.05 |
2023 | 12 | 2.91% | 19,666.38 | 306.75 |
2024 | 1 | 4.20% | 20,492.23 | 308.42 |
2024 | 2 | 3.28% | 21,164.81 | 310.33 |
2024 | 3 | -1.01% | 20,951.23 | 312.33 |
2024 | 4 | 2.52% | 21,478.51 | 313.55 |
2024 | 5 | 5.34% | 22,626.24 | 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 1974. This would result in a final amount of $24,959.34, including dividend reinvestments. In this particular case, dollar-cost average returns are greater than the returns of a lump-sum investment (which ends with $22,626.24).
Year | Month | Contribution ($) | Amount ($) |
---|---|---|---|
1974 | 1 | 4.16 | 4.04 |
1974 | 2 | 4.16 | 8.57 |
1974 | 3 | 4.16 | 12.10 |
1974 | 4 | 4.16 | 15.81 |
1974 | 5 | 4.16 | 20.05 |
1974 | 6 | 4.16 | 21.45 |
1974 | 7 | 4.16 | 24.63 |
1974 | 8 | 4.16 | 25.89 |
1974 | 9 | 4.16 | 30.74 |
1974 | 10 | 4.16 | 36.19 |
1974 | 11 | 4.16 | 37.88 |
1974 | 12 | 4.16 | 45.65 |
1975 | 1 | 4.16 | 55.17 |
1975 | 2 | 4.16 | 62.27 |
1975 | 3 | 4.16 | 67.40 |
1975 | 4 | 4.16 | 76.35 |
1975 | 5 | 4.16 | 82.83 |
1975 | 6 | 4.16 | 87.35 |
1975 | 7 | 4.16 | 85.09 |
1975 | 8 | 4.16 | 88.48 |
1975 | 9 | 4.16 | 97.23 |
1975 | 10 | 4.16 | 103.44 |
1975 | 11 | 4.16 | 106.32 |
1975 | 12 | 4.32 | 121.18 |
1976 | 1 | - | 126.25 |
1976 | 2 | - | 127.26 |
1976 | 3 | - | 128.65 |
1976 | 4 | - | 128.16 |
1976 | 5 | - | 129.32 |
1976 | 6 | - | 132.76 |
1976 | 7 | - | 132.02 |
1976 | 8 | - | 135.24 |
1976 | 9 | - | 131.03 |
1976 | 10 | - | 130.55 |
1976 | 11 | - | 135.50 |
1976 | 12 | - | 134.77 |
1977 | 1 | - | 131.58 |
1977 | 2 | - | 131.50 |
1977 | 3 | - | 129.93 |
1977 | 4 | - | 130.02 |
1977 | 5 | - | 131.19 |
1977 | 6 | - | 132.87 |
1977 | 7 | - | 130.11 |
1977 | 8 | - | 128.58 |
1977 | 9 | - | 125.75 |
1977 | 10 | - | 126.99 |
1977 | 11 | - | 126.89 |
1977 | 12 | - | 122.58 |
1978 | 1 | - | 121.39 |
1978 | 2 | - | 121.71 |
1978 | 3 | - | 127.59 |
1978 | 4 | - | 134.62 |
1978 | 5 | - | 135.52 |
1978 | 6 | - | 135.44 |
1978 | 7 | - | 145.36 |
1978 | 8 | - | 145.95 |
1978 | 9 | - | 141.90 |
1978 | 10 | - | 134.18 |
1978 | 11 | - | 136.76 |
1978 | 12 | - | 142.49 |
1979 | 1 | - | 140.98 |
1979 | 2 | - | 144.28 |
1979 | 3 | - | 147.79 |
1979 | 4 | - | 144.99 |
1979 | 5 | - | 148.50 |
1979 | 6 | - | 150.60 |
1979 | 7 | - | 158.16 |
1979 | 8 | - | 160.59 |
1979 | 9 | - | 155.21 |
1979 | 10 | - | 154.71 |
1979 | 11 | - | 161.52 |
1979 | 12 | - | 166.87 |
1980 | 1 | - | 174.21 |
1980 | 2 | - | 158.92 |
1980 | 3 | - | 157.07 |
1980 | 4 | - | 164.98 |
1980 | 5 | - | 176.30 |
1980 | 6 | - | 185.06 |
1980 | 7 | - | 191.55 |
1980 | 8 | - | 196.98 |
1980 | 9 | - | 203.53 |
1980 | 10 | - | 212.92 |
1980 | 11 | - | 210.27 |
1980 | 12 | - | 210.29 |
1981 | 1 | - | 203.84 |
1981 | 2 | - | 212.28 |
1981 | 3 | - | 215.03 |
1981 | 4 | - | 211.55 |
1981 | 5 | - | 213.37 |
1981 | 6 | - | 209.06 |
1981 | 7 | - | 210.74 |
1981 | 8 | - | 193.24 |
1981 | 9 | - | 196.58 |
1981 | 10 | - | 202.57 |
1981 | 11 | - | 204.95 |
1981 | 12 | - | 195.11 |
1982 | 1 | - | 191.37 |
1982 | 2 | - | 186.12 |
1982 | 3 | - | 196.30 |
1982 | 4 | - | 197.42 |
1982 | 5 | - | 187.01 |
1982 | 6 | - | 187.47 |
1982 | 7 | - | 188.96 |
1982 | 8 | - | 211.82 |
1982 | 9 | - | 230.63 |
1982 | 10 | - | 241.01 |
1982 | 11 | - | 244.27 |
1982 | 12 | - | 253.86 |
1983 | 1 | - | 259.27 |
1983 | 2 | - | 269.29 |
1983 | 3 | - | 280.60 |
1983 | 4 | - | 293.01 |
1983 | 5 | - | 298.15 |
1983 | 6 | - | 300.26 |
1983 | 7 | - | 293.03 |
1983 | 8 | - | 302.74 |
1983 | 9 | - | 304.70 |
1983 | 10 | - | 301.22 |
1983 | 11 | - | 300.84 |
1983 | 12 | - | 305.58 |
1984 | 1 | - | 289.96 |
1984 | 2 | - | 291.24 |
1984 | 3 | - | 292.72 |
1984 | 4 | - | 291.98 |
1984 | 5 | - | 286.58 |
1984 | 6 | - | 283.98 |
1984 | 7 | - | 310.12 |
1984 | 8 | - | 314.49 |
1984 | 9 | - | 313.19 |
1984 | 10 | - | 317.22 |
1984 | 11 | - | 314.97 |
1984 | 12 | - | 329.77 |
1985 | 1 | - | 348.85 |
1985 | 2 | - | 347.18 |
1985 | 3 | - | 350.74 |
1985 | 4 | - | 360.34 |
1985 | 5 | - | 369.38 |
1985 | 6 | - | 377.69 |
1985 | 7 | - | 370.72 |
1985 | 8 | - | 363.73 |
1985 | 9 | - | 369.17 |
1985 | 10 | - | 392.87 |
1985 | 11 | - | 413.67 |
1985 | 12 | - | 416.78 |
1986 | 1 | - | 440.53 |
1986 | 2 | - | 467.76 |
1986 | 3 | - | 480.59 |
1986 | 4 | - | 482.95 |
1986 | 5 | - | 498.08 |
1986 | 6 | - | 489.10 |
1986 | 7 | - | 500.25 |
1986 | 8 | - | 487.96 |
1986 | 9 | - | 487.53 |
1986 | 10 | - | 504.75 |
1986 | 11 | - | 513.38 |
1986 | 12 | - | 547.64 |
1987 | 1 | - | 583.02 |
1987 | 2 | - | 608.54 |
1987 | 3 | - | 603.33 |
1987 | 4 | - | 604.37 |
1987 | 5 | - | 631.56 |
1987 | 6 | - | 651.27 |
1987 | 7 | - | 693.31 |
1987 | 8 | - | 672.30 |
1987 | 9 | - | 592.60 |
1987 | 10 | - | 519.69 |
1987 | 11 | - | 512.76 |
1987 | 12 | - | 534.53 |
1988 | 1 | - | 552.32 |
1988 | 2 | - | 570.18 |
1988 | 3 | - | 565.12 |
1988 | 4 | - | 552.76 |
1988 | 5 | - | 585.91 |
1988 | 6 | - | 584.11 |
1988 | 7 | - | 574.08 |
1988 | 8 | - | 585.14 |
1988 | 9 | - | 607.39 |
1988 | 10 | - | 595.11 |
1988 | 11 | - | 608.96 |
1988 | 12 | - | 630.35 |
1989 | 1 | - | 651.15 |
1989 | 2 | - | 650.09 |
1989 | 3 | - | 673.27 |
1989 | 4 | - | 700.98 |
1989 | 5 | - | 724.76 |
1989 | 6 | - | 745.05 |
1989 | 7 | - | 780.00 |
1989 | 8 | - | 783.55 |
1989 | 9 | - | 785.80 |
1989 | 10 | - | 771.55 |
1989 | 11 | - | 792.66 |
1989 | 12 | - | 775.13 |
1990 | 1 | - | 755.54 |
1990 | 2 | - | 776.00 |
1990 | 3 | - | 777.52 |
1990 | 4 | - | 807.46 |
1990 | 5 | - | 833.06 |
1990 | 6 | - | 834.47 |
1990 | 7 | - | 768.87 |
1990 | 8 | - | 735.49 |
1990 | 9 | - | 718.46 |
1990 | 10 | - | 739.90 |
1990 | 11 | - | 773.84 |
1990 | 12 | - | 768.53 |
1991 | 1 | - | 857.74 |
1991 | 2 | - | 883.85 |
1991 | 3 | - | 903.82 |
1991 | 4 | - | 902.20 |
1991 | 5 | - | 905.33 |
1991 | 6 | - | 912.40 |
1991 | 7 | - | 936.84 |
1991 | 8 | - | 934.00 |
1991 | 9 | - | 935.69 |
1991 | 10 | - | 935.84 |
1991 | 11 | - | 944.59 |
1991 | 12 | - | 1,014.10 |
1992 | 1 | - | 1,008.00 |
1992 | 2 | - | 997.80 |
1992 | 3 | - | 1,000.44 |
1992 | 4 | - | 1,021.13 |
1992 | 5 | - | 1,007.56 |
1992 | 6 | - | 1,026.82 |
1992 | 7 | - | 1,036.49 |
1992 | 8 | - | 1,040.41 |
1992 | 9 | - | 1,028.11 |
1992 | 10 | - | 1,056.46 |
1992 | 11 | - | 1,091.02 |
1992 | 12 | - | 1,092.58 |
1993 | 1 | - | 1,111.42 |
1993 | 2 | - | 1,135.31 |
1993 | 3 | - | 1,120.08 |
1993 | 4 | - | 1,128.20 |
1993 | 5 | - | 1,137.96 |
1993 | 6 | - | 1,138.65 |
1993 | 7 | - | 1,158.72 |
1993 | 8 | - | 1,174.42 |
1993 | 9 | - | 1,189.01 |
1993 | 10 | - | 1,189.10 |
1993 | 11 | - | 1,199.64 |
1993 | 12 | - | 1,220.47 |
1994 | 1 | - | 1,219.55 |
1994 | 2 | - | 1,202.18 |
1994 | 3 | - | 1,161.95 |
1994 | 4 | - | 1,174.25 |
1994 | 5 | - | 1,187.26 |
1994 | 6 | - | 1,181.10 |
1994 | 7 | - | 1,217.50 |
1994 | 8 | - | 1,227.45 |
1994 | 9 | - | 1,222.00 |
1994 | 10 | - | 1,217.48 |
1994 | 11 | - | 1,205.00 |
1994 | 12 | - | 1,234.53 |
1995 | 1 | - | 1,281.68 |
1995 | 2 | - | 1,314.47 |
1995 | 3 | - | 1,356.74 |
1995 | 4 | - | 1,402.16 |
1995 | 5 | - | 1,446.72 |
1995 | 6 | - | 1,498.05 |
1995 | 7 | - | 1,505.73 |
1995 | 8 | - | 1,561.71 |
1995 | 9 | - | 1,575.96 |
1995 | 10 | - | 1,613.13 |
1995 | 11 | - | 1,667.80 |
1995 | 12 | - | 1,670.51 |
1996 | 1 | - | 1,769.15 |
1996 | 2 | - | 1,765.59 |
1996 | 3 | - | 1,769.07 |
1996 | 4 | - | 1,810.73 |
1996 | 5 | - | 1,833.88 |
1996 | 6 | - | 1,770.13 |
1996 | 7 | - | 1,824.57 |
1996 | 8 | - | 1,861.50 |
1996 | 9 | - | 1,938.18 |
1996 | 10 | - | 2,036.10 |
1996 | 11 | - | 2,060.50 |
1996 | 12 | - | 2,127.62 |
1997 | 1 | - | 2,220.41 |
1997 | 2 | - | 2,206.56 |
1997 | 3 | - | 2,131.42 |
1997 | 4 | - | 2,327.89 |
1997 | 5 | - | 2,452.13 |
1997 | 6 | - | 2,592.78 |
1997 | 7 | - | 2,601.80 |
1997 | 8 | - | 2,632.81 |
1997 | 9 | - | 2,676.13 |
1997 | 10 | - | 2,645.30 |
1997 | 11 | - | 2,714.99 |
1997 | 12 | - | 2,721.43 |
1998 | 1 | - | 2,895.66 |
1998 | 2 | - | 3,049.50 |
1998 | 3 | - | 3,153.36 |
1998 | 4 | - | 3,146.36 |
1998 | 5 | - | 3,150.03 |
1998 | 6 | - | 3,290.76 |
1998 | 7 | - | 3,061.36 |
1998 | 8 | - | 2,911.40 |
1998 | 9 | - | 2,948.98 |
1998 | 10 | - | 3,272.62 |
1998 | 11 | - | 3,406.93 |
1998 | 12 | - | 3,578.90 |
1999 | 1 | - | 3,576.51 |
1999 | 2 | - | 3,681.07 |
1999 | 3 | - | 3,837.52 |
1999 | 4 | - | 3,833.72 |
1999 | 5 | - | 3,810.27 |
1999 | 6 | - | 3,982.59 |
1999 | 7 | - | 3,832.27 |
1999 | 8 | - | 3,809.35 |
1999 | 9 | - | 3,760.88 |
1999 | 10 | - | 4,028.12 |
1999 | 11 | - | 4,141.26 |
1999 | 12 | - | 4,136.34 |
2000 | 1 | - | 4,033.84 |
2000 | 2 | - | 4,192.81 |
2000 | 3 | - | 4,252.54 |
2000 | 4 | - | 4,131.82 |
2000 | 5 | - | 4,262.53 |
2000 | 6 | - | 4,298.78 |
2000 | 7 | - | 4,339.17 |
2000 | 8 | - | 4,292.32 |
2000 | 9 | - | 4,068.51 |
2000 | 10 | - | 4,037.08 |
2000 | 11 | - | 3,903.05 |
2000 | 12 | - | 3,920.81 |
2001 | 1 | - | 3,837.05 |
2001 | 2 | - | 3,488.65 |
2001 | 3 | - | 3,504.30 |
2001 | 4 | - | 3,745.37 |
2001 | 5 | - | 3,655.91 |
2001 | 6 | - | 3,558.65 |
2001 | 7 | - | 3,485.85 |
2001 | 8 | - | 3,093.78 |
2001 | 9 | - | 3,192.29 |
2001 | 10 | - | 3,353.60 |
2001 | 11 | - | 3,402.77 |
2001 | 12 | - | 3,392.64 |
2002 | 1 | - | 3,278.89 |
2002 | 2 | - | 3,441.04 |
2002 | 3 | - | 3,320.11 |
2002 | 4 | - | 3,226.47 |
2002 | 5 | - | 3,035.43 |
2002 | 6 | - | 2,708.86 |
2002 | 7 | - | 2,739.71 |
2002 | 8 | - | 2,609.36 |
2002 | 9 | - | 2,573.69 |
2002 | 10 | - | 2,744.21 |
2002 | 11 | - | 2,715.81 |
2002 | 12 | - | 2,709.77 |
2003 | 1 | - | 2,535.94 |
2003 | 2 | - | 2,569.11 |
2003 | 3 | - | 2,704.91 |
2003 | 4 | - | 2,848.60 |
2003 | 5 | - | 3,011.09 |
2003 | 6 | - | 3,029.03 |
2003 | 7 | - | 3,023.99 |
2003 | 8 | - | 3,119.59 |
2003 | 9 | - | 3,182.85 |
2003 | 10 | - | 3,221.38 |
2003 | 11 | - | 3,320.07 |
2003 | 12 | - | 3,483.92 |
2004 | 1 | - | 3,521.78 |
2004 | 2 | - | 3,466.65 |
2004 | 3 | - | 3,500.22 |
2004 | 4 | - | 3,410.46 |
2004 | 5 | - | 3,507.92 |
2004 | 6 | - | 3,429.39 |
2004 | 7 | - | 3,381.80 |
2004 | 8 | - | 3,475.90 |
2004 | 9 | - | 3,479.47 |
2004 | 10 | - | 3,645.58 |
2004 | 11 | - | 3,745.01 |
2004 | 12 | - | 3,694.48 |
2005 | 1 | - | 3,756.59 |
2005 | 2 | - | 3,746.99 |
2005 | 3 | - | 3,656.73 |
2005 | 4 | - | 3,705.58 |
2005 | 5 | - | 3,786.38 |
2005 | 6 | - | 3,854.83 |
2005 | 7 | - | 3,866.78 |
2005 | 8 | - | 3,877.60 |
2005 | 9 | - | 3,775.84 |
2005 | 10 | - | 3,925.42 |
2005 | 11 | - | 4,009.59 |
2005 | 12 | - | 4,068.40 |
2006 | 1 | - | 4,067.73 |
2006 | 2 | - | 4,128.18 |
2006 | 3 | - | 4,161.13 |
2006 | 4 | - | 4,128.40 |
2006 | 5 | - | 4,016.69 |
2006 | 6 | - | 4,045.62 |
2006 | 7 | - | 4,138.33 |
2006 | 8 | - | 4,243.08 |
2006 | 9 | - | 4,396.51 |
2006 | 10 | - | 4,484.51 |
2006 | 11 | - | 4,580.85 |
2006 | 12 | - | 4,612.59 |
2007 | 1 | - | 4,686.21 |
2007 | 2 | - | 4,570.27 |
2007 | 3 | - | 4,761.32 |
2007 | 4 | - | 4,922.82 |
2007 | 5 | - | 4,939.79 |
2007 | 6 | - | 4,968.18 |
2007 | 7 | - | 4,759.46 |
2007 | 8 | - | 4,905.80 |
2007 | 9 | - | 5,052.57 |
2007 | 10 | - | 4,809.72 |
2007 | 11 | - | 4,869.28 |
2007 | 12 | - | 4,546.19 |
2008 | 1 | - | 4,475.09 |
2008 | 2 | - | 4,357.55 |
2008 | 3 | - | 4,542.47 |
2008 | 4 | - | 4,658.88 |
2008 | 5 | - | 4,461.03 |
2008 | 6 | - | 4,189.87 |
2008 | 7 | - | 4,278.30 |
2008 | 8 | - | 4,070.91 |
2008 | 9 | - | 3,248.85 |
2008 | 10 | - | 2,969.27 |
2008 | 11 | - | 2,958.84 |
2008 | 12 | - | 2,926.43 |
2009 | 1 | - | 2,730.28 |
2009 | 2 | - | 2,575.00 |
2009 | 3 | - | 2,892.29 |
2009 | 4 | - | 3,084.91 |
2009 | 5 | - | 3,173.41 |
2009 | 6 | - | 3,213.95 |
2009 | 7 | - | 3,474.95 |
2009 | 8 | - | 3,601.80 |
2009 | 9 | - | 3,688.35 |
2009 | 10 | - | 3,765.60 |
2009 | 11 | - | 3,849.42 |
2009 | 12 | - | 3,901.65 |
2010 | 1 | - | 3,788.56 |
2010 | 2 | - | 4,013.72 |
2010 | 3 | - | 4,177.80 |
2010 | 4 | - | 3,932.04 |
2010 | 5 | - | 3,792.71 |
2010 | 6 | - | 3,786.67 |
2010 | 7 | - | 3,819.38 |
2010 | 8 | - | 3,948.13 |
2010 | 9 | - | 4,128.86 |
2010 | 10 | - | 4,231.70 |
2010 | 11 | - | 4,388.86 |
2010 | 12 | - | 4,540.81 |
2011 | 1 | - | 4,683.88 |
2011 | 2 | - | 4,631.78 |
2011 | 3 | - | 4,734.65 |
2011 | 4 | - | 4,765.86 |
2011 | 5 | - | 4,591.31 |
2011 | 6 | - | 4,733.72 |
2011 | 7 | - | 4,241.38 |
2011 | 8 | - | 4,207.90 |
2011 | 9 | - | 4,334.94 |
2011 | 10 | - | 4,411.54 |
2011 | 11 | - | 4,480.13 |
2011 | 12 | - | 4,694.39 |
2012 | 1 | - | 4,889.80 |
2012 | 2 | - | 5,030.82 |
2012 | 3 | - | 5,028.89 |
2012 | 4 | - | 4,873.45 |
2012 | 5 | - | 4,817.29 |
2012 | 6 | - | 4,958.01 |
2012 | 7 | - | 5,125.97 |
2012 | 8 | - | 5,280.83 |
2012 | 9 | - | 5,269.37 |
2012 | 10 | - | 5,119.85 |
2012 | 11 | - | 5,231.23 |
2012 | 12 | - | 5,454.54 |
2013 | 1 | - | 5,581.80 |
2013 | 2 | - | 5,733.76 |
2013 | 3 | - | 5,817.12 |
2013 | 4 | - | 6,083.21 |
2013 | 5 | - | 6,015.21 |
2013 | 6 | - | 6,210.98 |
2013 | 7 | - | 6,226.66 |
2013 | 8 | - | 6,300.91 |
2013 | 9 | - | 6,434.34 |
2013 | 10 | - | 6,682.70 |
2013 | 11 | - | 6,784.39 |
2013 | 12 | - | 6,850.05 |
2014 | 1 | - | 6,841.14 |
2014 | 2 | - | 7,027.38 |
2014 | 3 | - | 7,041.55 |
2014 | 4 | - | 7,149.43 |
2014 | 5 | - | 7,377.95 |
2014 | 6 | - | 7,488.31 |
2014 | 7 | - | 7,456.34 |
2014 | 8 | - | 7,588.91 |
2014 | 9 | - | 7,388.07 |
2014 | 10 | - | 7,809.60 |
2014 | 11 | - | 7,859.11 |
2014 | 12 | - | 7,771.87 |
2015 | 1 | - | 7,991.61 |
2015 | 2 | - | 7,996.04 |
2015 | 3 | - | 8,066.27 |
2015 | 4 | - | 8,145.23 |
2015 | 5 | - | 8,109.76 |
2015 | 6 | - | 8,103.30 |
2015 | 7 | - | 7,906.85 |
2015 | 8 | - | 7,550.48 |
2015 | 9 | - | 7,876.44 |
2015 | 10 | - | 8,107.42 |
2015 | 11 | - | 8,017.99 |
2015 | 12 | - | 7,503.27 |
2016 | 1 | - | 7,462.01 |
2016 | 2 | - | 7,936.80 |
2016 | 3 | - | 8,161.51 |
2016 | 4 | - | 8,136.67 |
2016 | 5 | - | 8,223.44 |
2016 | 6 | - | 8,494.61 |
2016 | 7 | - | 8,596.48 |
2016 | 8 | - | 8,558.77 |
2016 | 9 | - | 8,515.46 |
2016 | 10 | - | 8,617.75 |
2016 | 11 | - | 8,957.80 |
2016 | 12 | - | 9,086.58 |
2017 | 1 | - | 9,320.69 |
2017 | 2 | - | 9,483.73 |
2017 | 3 | - | 9,469.13 |
2017 | 4 | - | 9,629.38 |
2017 | 5 | - | 9,800.44 |
2017 | 6 | - | 9,897.26 |
2017 | 7 | - | 9,921.78 |
2017 | 8 | - | 10,085.82 |
2017 | 9 | - | 10,361.64 |
2017 | 10 | - | 10,526.35 |
2017 | 11 | - | 10,829.87 |
2017 | 12 | - | 11,356.41 |
2018 | 1 | - | 11,028.59 |
2018 | 2 | - | 11,035.71 |
2018 | 3 | - | 10,852.08 |
2018 | 4 | - | 11,064.95 |
2018 | 5 | - | 11,298.75 |
2018 | 6 | - | 11,477.36 |
2018 | 7 | - | 11,758.65 |
2018 | 8 | - | 11,956.16 |
2018 | 9 | - | 11,495.97 |
2018 | 10 | - | 11,257.30 |
2018 | 11 | - | 10,631.11 |
2018 | 12 | - | 10,815.63 |
2019 | 1 | - | 11,446.06 |
2019 | 2 | - | 11,669.03 |
2019 | 3 | - | 12,103.50 |
2019 | 4 | - | 11,918.10 |
2019 | 5 | - | 12,085.52 |
2019 | 6 | - | 12,548.07 |
2019 | 7 | - | 12,154.76 |
2019 | 8 | - | 12,529.77 |
2019 | 9 | - | 12,530.99 |
2019 | 10 | - | 13,086.58 |
2019 | 11 | - | 13,409.73 |
2019 | 12 | - | 13,858.47 |
2020 | 1 | - | 13,875.39 |
2020 | 2 | - | 11,250.48 |
2020 | 3 | - | 11,736.35 |
2020 | 4 | - | 12,427.31 |
2020 | 5 | - | 13,236.11 |
2020 | 6 | - | 13,696.26 |
2020 | 7 | - | 14,503.45 |
2020 | 8 | - | 14,412.51 |
2020 | 9 | - | 14,661.27 |
2020 | 10 | - | 15,241.00 |
2020 | 11 | - | 15,890.27 |
2020 | 12 | - | 16,334.45 |
2021 | 1 | - | 16,741.43 |
2021 | 2 | - | 16,878.94 |
2021 | 3 | - | 17,895.30 |
2021 | 4 | - | 18,031.35 |
2021 | 5 | - | 18,357.79 |
2021 | 6 | - | 18,921.05 |
2021 | 7 | - | 19,334.50 |
2021 | 8 | - | 19,318.16 |
2021 | 9 | - | 19,405.52 |
2021 | 10 | - | 20,326.26 |
2021 | 11 | - | 20,380.20 |
2021 | 12 | - | 19,962.01 |
2022 | 1 | - | 19,382.60 |
2022 | 2 | - | 19,209.60 |
2022 | 3 | - | 19,232.32 |
2022 | 4 | - | 17,718.21 |
2022 | 5 | - | 17,121.22 |
2022 | 6 | - | 17,200.78 |
2022 | 7 | - | 18,309.78 |
2022 | 8 | - | 16,977.30 |
2022 | 9 | - | 16,452.50 |
2022 | 10 | - | 17,322.03 |
2022 | 11 | - | 17,323.91 |
2022 | 12 | - | 17,562.37 |
2023 | 1 | - | 18,115.05 |
2023 | 2 | - | 17,646.70 |
2023 | 3 | - | 18,351.90 |
2023 | 4 | - | 18,487.28 |
2023 | 5 | - | 19,400.96 |
2023 | 6 | - | 20,152.95 |
2023 | 7 | - | 19,951.89 |
2023 | 8 | - | 19,761.64 |
2023 | 9 | - | 19,161.41 |
2023 | 10 | - | 20,043.17 |
2023 | 11 | - | 21,080.45 |
2023 | 12 | - | 21,694.28 |
2024 | 1 | - | 22,605.28 |
2024 | 2 | - | 23,347.22 |
2024 | 3 | - | 23,111.61 |
2024 | 4 | - | 23,693.27 |
2024 | 5 | - | 24,959.34 |
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 | $96.11 |
End Value Average monthly close | $5,509.01 |
Change in price | +5,631.98% +8.43% / yr |
Change incl. dividends | +22,526.24% +11.35% / yr |
Change incl. dividends, inflation-adjusted | +3,433.74% +7.33% / yr |
Final amount, nominal ($100 base) | $22,626.24 |
Final amount, inflation-adjusted ($100 base) | $3,533.74 |