If you invested $500 in the S&P 500 at the beginning of 1974, you would have about $124,722.22 at the end of 2024, assuming you reinvested all dividends. This is a return on investment of 24,844.44%, or 11.47% per year.
This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 3,822.49% cumulatively, or 7.49% per year.
If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $137,602.57.
The graph below shows the performance of $500 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 $500 is $124,222.22, or 24,844.44%. This means by 2024 you would have $124,722.22 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 313.515.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 50 years.
Adjusted for inflation, the $124,722.22 nominal end value of the original $500 investment would have a real return of roughly $19,112.45 in 1974 dollars. This means the inflation-adjusted return is 3,822.49% as opposed to the original 24,844.44%.
For more information on inflation, see our U.S. inflation calculator for 1974.
The table below shows the full dataset pertaining to a $500 investment, including gains and losses over the 610-month period between 1974 and 2024.
Note that data shown is the monthly average closing price. Returns include dividends.
Year | Month | Return (%) | Amount ($) | CPI |
---|---|---|---|---|
1974 | 1 | -2.47% | 487.64 | 46.60 |
1974 | 2 | 4.57% | 509.94 | 47.20 |
1974 | 3 | -4.82% | 485.38 | 47.80 |
1974 | 4 | -2.71% | 472.25 | 48.00 |
1974 | 5 | 0.46% | 474.41 | 48.60 |
1974 | 6 | -11.35% | 420.58 | 49.00 |
1974 | 7 | -3.76% | 404.74 | 49.40 |
1974 | 8 | -10.01% | 364.21 | 50.00 |
1974 | 9 | 2.38% | 372.87 | 50.60 |
1974 | 10 | 3.74% | 386.83 | 51.10 |
1974 | 11 | -6.09% | 363.26 | 51.50 |
1974 | 12 | 8.63% | 394.62 | 51.90 |
1975 | 1 | 10.81% | 437.27 | 52.10 |
1975 | 2 | 4.97% | 459.02 | 52.50 |
1975 | 3 | 1.49% | 465.85 | 52.70 |
1975 | 4 | 6.71% | 497.12 | 52.90 |
1975 | 5 | 2.89% | 511.51 | 53.20 |
1975 | 6 | 0.43% | 513.72 | 53.60 |
1975 | 7 | -7.00% | 477.78 | 54.20 |
1975 | 8 | -0.85% | 473.70 | 54.30 |
1975 | 9 | 4.97% | 497.25 | 54.60 |
1975 | 10 | 2.04% | 507.40 | 54.90 |
1975 | 11 | -1.18% | 501.42 | 55.30 |
1975 | 12 | 9.55% | 549.28 | 55.50 |
1976 | 1 | 4.18% | 572.23 | 55.60 |
1976 | 2 | 0.80% | 576.82 | 55.80 |
1976 | 3 | 1.10% | 583.14 | 55.90 |
1976 | 4 | -0.38% | 580.91 | 56.10 |
1976 | 5 | 0.90% | 586.14 | 56.50 |
1976 | 6 | 2.67% | 601.76 | 56.80 |
1976 | 7 | -0.56% | 598.39 | 57.10 |
1976 | 8 | 2.44% | 612.97 | 57.40 |
1976 | 9 | -3.11% | 593.92 | 57.60 |
1976 | 10 | -0.37% | 591.74 | 57.90 |
1976 | 11 | 3.79% | 614.15 | 58.00 |
1976 | 12 | -0.54% | 610.85 | 58.20 |
1977 | 1 | -2.37% | 596.38 | 58.50 |
1977 | 2 | -0.05% | 596.06 | 59.10 |
1977 | 3 | -1.19% | 588.94 | 59.50 |
1977 | 4 | 0.06% | 589.32 | 60.00 |
1977 | 5 | 0.90% | 594.63 | 60.30 |
1977 | 6 | 1.28% | 602.25 | 60.70 |
1977 | 7 | -2.08% | 589.73 | 61.00 |
1977 | 8 | -1.18% | 582.80 | 61.20 |
1977 | 9 | -2.20% | 569.99 | 61.40 |
1977 | 10 | 0.98% | 575.59 | 61.60 |
1977 | 11 | -0.08% | 575.12 | 61.90 |
1977 | 12 | -3.39% | 555.63 | 62.10 |
1978 | 1 | -0.97% | 550.23 | 62.50 |
1978 | 2 | 0.27% | 551.69 | 62.90 |
1978 | 3 | 4.83% | 578.33 | 63.40 |
1978 | 4 | 5.50% | 610.17 | 63.90 |
1978 | 5 | 0.67% | 614.28 | 64.50 |
1978 | 6 | -0.06% | 613.89 | 65.20 |
1978 | 7 | 7.33% | 658.88 | 65.70 |
1978 | 8 | 0.40% | 661.51 | 66.00 |
1978 | 9 | -2.77% | 643.17 | 66.50 |
1978 | 10 | -5.44% | 608.19 | 67.10 |
1978 | 11 | 1.92% | 619.89 | 67.40 |
1978 | 12 | 4.19% | 645.83 | 67.70 |
1979 | 1 | -1.06% | 639.01 | 68.30 |
1979 | 2 | 2.34% | 653.97 | 69.10 |
1979 | 3 | 2.43% | 669.86 | 69.80 |
1979 | 4 | -1.89% | 657.18 | 70.60 |
1979 | 5 | 2.42% | 673.07 | 71.50 |
1979 | 6 | 1.42% | 682.63 | 72.30 |
1979 | 7 | 5.01% | 716.86 | 73.10 |
1979 | 8 | 1.54% | 727.91 | 73.80 |
1979 | 9 | -3.35% | 703.50 | 74.60 |
1979 | 10 | -0.32% | 701.24 | 75.20 |
1979 | 11 | 4.40% | 732.12 | 75.90 |
1979 | 12 | 3.31% | 756.37 | 76.70 |
1980 | 1 | 4.40% | 789.62 | 77.80 |
1980 | 2 | -8.78% | 720.31 | 78.90 |
1980 | 3 | -1.16% | 711.94 | 80.10 |
1980 | 4 | 5.04% | 747.79 | 81.00 |
1980 | 5 | 6.86% | 799.11 | 81.80 |
1980 | 6 | 4.97% | 838.82 | 82.70 |
1980 | 7 | 3.50% | 868.22 | 82.70 |
1980 | 8 | 2.84% | 892.84 | 83.30 |
1980 | 9 | 3.32% | 922.52 | 84.00 |
1980 | 10 | 4.61% | 965.10 | 84.80 |
1980 | 11 | -1.24% | 953.08 | 85.50 |
1980 | 12 | 0.01% | 953.18 | 86.30 |
1981 | 1 | -3.07% | 923.91 | 87.00 |
1981 | 2 | 4.14% | 962.19 | 87.90 |
1981 | 3 | 1.29% | 974.64 | 88.50 |
1981 | 4 | -1.62% | 958.88 | 89.10 |
1981 | 5 | 0.86% | 967.10 | 89.80 |
1981 | 6 | -2.02% | 947.60 | 90.60 |
1981 | 7 | 0.80% | 955.21 | 91.60 |
1981 | 8 | -8.30% | 875.90 | 92.30 |
1981 | 9 | 1.73% | 891.03 | 93.20 |
1981 | 10 | 3.04% | 918.15 | 93.40 |
1981 | 11 | 1.18% | 928.98 | 93.70 |
1981 | 12 | -4.80% | 884.35 | 94.00 |
1982 | 1 | -1.91% | 867.42 | 94.30 |
1982 | 2 | -2.74% | 843.62 | 94.60 |
1982 | 3 | 5.47% | 889.76 | 94.50 |
1982 | 4 | 0.57% | 894.83 | 94.90 |
1982 | 5 | -5.27% | 847.66 | 95.80 |
1982 | 6 | 0.24% | 849.73 | 97.00 |
1982 | 7 | 0.79% | 856.48 | 97.50 |
1982 | 8 | 12.10% | 960.08 | 97.70 |
1982 | 9 | 8.88% | 1,045.35 | 97.90 |
1982 | 10 | 4.50% | 1,092.39 | 98.20 |
1982 | 11 | 1.36% | 1,107.20 | 98.00 |
1982 | 12 | 3.93% | 1,150.66 | 97.60 |
1983 | 1 | 2.13% | 1,175.17 | 97.80 |
1983 | 2 | 3.87% | 1,220.60 | 97.90 |
1983 | 3 | 4.20% | 1,271.83 | 97.90 |
1983 | 4 | 4.42% | 1,328.10 | 98.60 |
1983 | 5 | 1.75% | 1,351.39 | 99.20 |
1983 | 6 | 0.71% | 1,360.96 | 99.50 |
1983 | 7 | -2.41% | 1,328.19 | 99.90 |
1983 | 8 | 3.31% | 1,372.21 | 100.20 |
1983 | 9 | 0.65% | 1,381.10 | 100.70 |
1983 | 10 | -1.14% | 1,365.34 | 101.00 |
1983 | 11 | -0.13% | 1,363.59 | 101.20 |
1983 | 12 | 1.58% | 1,385.08 | 101.30 |
1984 | 1 | -5.11% | 1,314.27 | 101.90 |
1984 | 2 | 0.44% | 1,320.08 | 102.40 |
1984 | 3 | 0.51% | 1,326.78 | 102.60 |
1984 | 4 | -0.25% | 1,323.43 | 103.10 |
1984 | 5 | -1.85% | 1,298.97 | 103.40 |
1984 | 6 | -0.91% | 1,287.16 | 103.70 |
1984 | 7 | 9.21% | 1,405.67 | 104.10 |
1984 | 8 | 1.41% | 1,425.45 | 104.50 |
1984 | 9 | -0.41% | 1,419.57 | 105.00 |
1984 | 10 | 1.29% | 1,437.82 | 105.30 |
1984 | 11 | -0.71% | 1,427.65 | 105.30 |
1984 | 12 | 4.70% | 1,494.71 | 105.30 |
1985 | 1 | 5.79% | 1,581.22 | 105.50 |
1985 | 2 | -0.48% | 1,573.65 | 106.00 |
1985 | 3 | 1.02% | 1,589.78 | 106.40 |
1985 | 4 | 2.74% | 1,633.27 | 106.90 |
1985 | 5 | 2.51% | 1,674.28 | 107.30 |
1985 | 6 | 2.25% | 1,711.91 | 107.60 |
1985 | 7 | -1.85% | 1,680.32 | 107.80 |
1985 | 8 | -1.88% | 1,648.64 | 108.00 |
1985 | 9 | 1.50% | 1,673.30 | 108.30 |
1985 | 10 | 6.42% | 1,780.73 | 108.70 |
1985 | 11 | 5.29% | 1,875.01 | 109.00 |
1985 | 12 | 0.75% | 1,889.11 | 109.30 |
1986 | 1 | 5.70% | 1,996.74 | 109.60 |
1986 | 2 | 6.18% | 2,120.19 | 109.30 |
1986 | 3 | 2.74% | 2,178.31 | 108.80 |
1986 | 4 | 0.49% | 2,189.03 | 108.60 |
1986 | 5 | 3.13% | 2,257.61 | 108.90 |
1986 | 6 | -1.80% | 2,216.89 | 109.50 |
1986 | 7 | 2.28% | 2,267.45 | 109.50 |
1986 | 8 | -2.46% | 2,211.76 | 109.70 |
1986 | 9 | -0.09% | 2,209.77 | 110.20 |
1986 | 10 | 3.53% | 2,287.84 | 110.30 |
1986 | 11 | 1.71% | 2,326.94 | 110.40 |
1986 | 12 | 6.67% | 2,482.22 | 110.50 |
1987 | 1 | 6.46% | 2,642.62 | 111.20 |
1987 | 2 | 4.38% | 2,758.27 | 111.60 |
1987 | 3 | -0.86% | 2,734.65 | 112.10 |
1987 | 4 | 0.17% | 2,739.38 | 112.70 |
1987 | 5 | 4.50% | 2,862.61 | 113.10 |
1987 | 6 | 3.12% | 2,951.98 | 113.50 |
1987 | 7 | 6.45% | 3,142.50 | 113.80 |
1987 | 8 | -3.03% | 3,047.27 | 114.40 |
1987 | 9 | -11.85% | 2,686.05 | 115.00 |
1987 | 10 | -12.30% | 2,355.58 | 115.30 |
1987 | 11 | -1.33% | 2,324.14 | 115.40 |
1987 | 12 | 4.25% | 2,422.83 | 115.40 |
1988 | 1 | 3.33% | 2,503.48 | 115.70 |
1988 | 2 | 3.23% | 2,584.39 | 116.00 |
1988 | 3 | -0.89% | 2,561.49 | 116.50 |
1988 | 4 | -2.19% | 2,505.44 | 117.10 |
1988 | 5 | 6.00% | 2,655.72 | 117.50 |
1988 | 6 | -0.31% | 2,647.57 | 118.00 |
1988 | 7 | -1.72% | 2,602.07 | 118.50 |
1988 | 8 | 1.93% | 2,652.22 | 119.00 |
1988 | 9 | 3.80% | 2,753.05 | 119.80 |
1988 | 10 | -2.02% | 2,697.43 | 120.20 |
1988 | 11 | 2.33% | 2,760.17 | 120.30 |
1988 | 12 | 3.51% | 2,857.12 | 120.50 |
1989 | 1 | 3.30% | 2,951.40 | 121.10 |
1989 | 2 | -0.16% | 2,946.63 | 121.60 |
1989 | 3 | 3.56% | 3,051.67 | 122.30 |
1989 | 4 | 4.12% | 3,177.26 | 123.10 |
1989 | 5 | 3.39% | 3,285.05 | 123.80 |
1989 | 6 | 2.80% | 3,377.04 | 124.10 |
1989 | 7 | 4.69% | 3,535.45 | 124.40 |
1989 | 8 | 0.46% | 3,551.55 | 124.60 |
1989 | 9 | 0.29% | 3,561.72 | 125.00 |
1989 | 10 | -1.81% | 3,497.13 | 125.60 |
1989 | 11 | 2.74% | 3,592.83 | 125.90 |
1989 | 12 | -2.21% | 3,513.39 | 126.10 |
1990 | 1 | -2.53% | 3,424.60 | 127.40 |
1990 | 2 | 2.71% | 3,517.31 | 128.00 |
1990 | 3 | 0.20% | 3,524.20 | 128.70 |
1990 | 4 | 3.85% | 3,659.91 | 128.90 |
1990 | 5 | 3.17% | 3,775.93 | 129.20 |
1990 | 6 | 0.17% | 3,782.34 | 129.90 |
1990 | 7 | -7.86% | 3,485.00 | 130.40 |
1990 | 8 | -4.34% | 3,333.72 | 131.60 |
1990 | 9 | -2.32% | 3,256.52 | 132.70 |
1990 | 10 | 2.98% | 3,353.68 | 133.50 |
1990 | 11 | 4.59% | 3,507.50 | 133.80 |
1990 | 12 | -0.69% | 3,483.47 | 133.80 |
1991 | 1 | 11.61% | 3,887.79 | 134.60 |
1991 | 2 | 3.04% | 4,006.16 | 134.80 |
1991 | 3 | 2.26% | 4,096.65 | 135.00 |
1991 | 4 | -0.18% | 4,089.32 | 135.20 |
1991 | 5 | 0.35% | 4,103.51 | 135.60 |
1991 | 6 | 0.78% | 4,135.54 | 136.00 |
1991 | 7 | 2.68% | 4,246.33 | 136.20 |
1991 | 8 | -0.30% | 4,233.46 | 136.60 |
1991 | 9 | 0.18% | 4,241.15 | 137.20 |
1991 | 10 | 0.02% | 4,241.82 | 137.40 |
1991 | 11 | 0.94% | 4,281.48 | 137.80 |
1991 | 12 | 7.36% | 4,596.52 | 137.90 |
1992 | 1 | -0.60% | 4,568.90 | 138.10 |
1992 | 2 | -1.01% | 4,522.65 | 138.60 |
1992 | 3 | 0.26% | 4,534.60 | 139.30 |
1992 | 4 | 2.07% | 4,628.39 | 139.50 |
1992 | 5 | -1.33% | 4,566.87 | 139.70 |
1992 | 6 | 1.91% | 4,654.20 | 140.20 |
1992 | 7 | 0.94% | 4,698.03 | 140.50 |
1992 | 8 | 0.38% | 4,715.79 | 140.90 |
1992 | 9 | -1.18% | 4,660.05 | 141.30 |
1992 | 10 | 2.76% | 4,788.52 | 141.80 |
1992 | 11 | 3.27% | 4,945.17 | 142.00 |
1992 | 12 | 0.14% | 4,952.23 | 141.90 |
1993 | 1 | 1.72% | 5,037.62 | 142.60 |
1993 | 2 | 2.15% | 5,145.94 | 143.10 |
1993 | 3 | -1.34% | 5,076.89 | 143.60 |
1993 | 4 | 0.72% | 5,113.69 | 144.00 |
1993 | 5 | 0.87% | 5,157.93 | 144.20 |
1993 | 6 | 0.06% | 5,161.08 | 144.40 |
1993 | 7 | 1.76% | 5,252.04 | 144.40 |
1993 | 8 | 1.35% | 5,323.20 | 144.80 |
1993 | 9 | 1.24% | 5,389.31 | 145.10 |
1993 | 10 | 0.01% | 5,389.72 | 145.70 |
1993 | 11 | 0.89% | 5,437.53 | 145.80 |
1993 | 12 | 1.74% | 5,531.92 | 145.80 |
1994 | 1 | -0.08% | 5,527.74 | 146.20 |
1994 | 2 | -1.42% | 5,449.03 | 146.70 |
1994 | 3 | -3.35% | 5,266.69 | 147.20 |
1994 | 4 | 1.06% | 5,322.42 | 147.40 |
1994 | 5 | 1.11% | 5,381.40 | 147.50 |
1994 | 6 | -0.52% | 5,353.47 | 148.00 |
1994 | 7 | 3.08% | 5,518.47 | 148.40 |
1994 | 8 | 0.82% | 5,563.58 | 149.00 |
1994 | 9 | -0.44% | 5,538.88 | 149.40 |
1994 | 10 | -0.37% | 5,518.39 | 149.50 |
1994 | 11 | -1.03% | 5,461.79 | 149.70 |
1994 | 12 | 2.45% | 5,595.67 | 149.70 |
1995 | 1 | 3.82% | 5,809.37 | 150.30 |
1995 | 2 | 2.56% | 5,957.99 | 150.90 |
1995 | 3 | 3.22% | 6,149.57 | 151.40 |
1995 | 4 | 3.35% | 6,355.44 | 151.90 |
1995 | 5 | 3.18% | 6,557.44 | 152.20 |
1995 | 6 | 3.55% | 6,790.07 | 152.50 |
1995 | 7 | 0.51% | 6,824.91 | 152.50 |
1995 | 8 | 3.72% | 7,078.64 | 152.90 |
1995 | 9 | 0.91% | 7,143.23 | 153.20 |
1995 | 10 | 2.36% | 7,311.70 | 153.70 |
1995 | 11 | 3.39% | 7,559.50 | 153.60 |
1995 | 12 | 0.16% | 7,571.79 | 153.50 |
1996 | 1 | 5.90% | 8,018.86 | 154.40 |
1996 | 2 | -0.20% | 8,002.77 | 154.90 |
1996 | 3 | 0.20% | 8,018.54 | 155.70 |
1996 | 4 | 2.35% | 8,207.36 | 156.30 |
1996 | 5 | 1.28% | 8,312.30 | 156.60 |
1996 | 6 | -3.48% | 8,023.32 | 156.70 |
1996 | 7 | 3.08% | 8,270.09 | 157.00 |
1996 | 8 | 2.02% | 8,437.46 | 157.30 |
1996 | 9 | 4.12% | 8,785.04 | 157.80 |
1996 | 10 | 5.05% | 9,228.87 | 158.30 |
1996 | 11 | 1.20% | 9,339.45 | 158.60 |
1996 | 12 | 3.26% | 9,643.68 | 158.60 |
1997 | 1 | 4.36% | 10,064.26 | 159.10 |
1997 | 2 | -0.62% | 10,001.49 | 159.60 |
1997 | 3 | -3.41% | 9,660.92 | 160.00 |
1997 | 4 | 9.22% | 10,551.44 | 160.20 |
1997 | 5 | 5.34% | 11,114.56 | 160.10 |
1997 | 6 | 5.74% | 11,752.08 | 160.30 |
1997 | 7 | 0.35% | 11,792.95 | 160.50 |
1997 | 8 | 1.19% | 11,933.52 | 160.80 |
1997 | 9 | 1.65% | 12,129.88 | 161.20 |
1997 | 10 | -1.15% | 11,990.13 | 161.60 |
1997 | 11 | 2.63% | 12,306.03 | 161.50 |
1997 | 12 | 0.24% | 12,335.20 | 161.30 |
1998 | 1 | 6.40% | 13,124.92 | 161.60 |
1998 | 2 | 5.31% | 13,822.23 | 161.90 |
1998 | 3 | 3.41% | 14,292.97 | 162.20 |
1998 | 4 | -0.22% | 14,261.26 | 162.50 |
1998 | 5 | 0.12% | 14,277.87 | 162.80 |
1998 | 6 | 4.47% | 14,915.76 | 163.00 |
1998 | 7 | -6.97% | 13,875.98 | 163.20 |
1998 | 8 | -4.90% | 13,196.27 | 163.40 |
1998 | 9 | 1.29% | 13,366.62 | 163.60 |
1998 | 10 | 10.97% | 14,833.52 | 164.00 |
1998 | 11 | 4.10% | 15,442.31 | 164.00 |
1998 | 12 | 5.05% | 16,221.78 | 163.90 |
1999 | 1 | -0.07% | 16,210.96 | 164.30 |
1999 | 2 | 2.92% | 16,684.89 | 164.50 |
1999 | 3 | 4.25% | 17,394.00 | 165.00 |
1999 | 4 | -0.10% | 17,376.81 | 166.20 |
1999 | 5 | -0.61% | 17,270.51 | 166.20 |
1999 | 6 | 4.52% | 18,051.55 | 166.20 |
1999 | 7 | -3.77% | 17,370.21 | 166.70 |
1999 | 8 | -0.60% | 17,266.33 | 167.10 |
1999 | 9 | -1.27% | 17,046.63 | 167.90 |
1999 | 10 | 7.11% | 18,257.95 | 168.20 |
1999 | 11 | 2.81% | 18,770.77 | 168.30 |
1999 | 12 | -0.12% | 18,748.44 | 168.30 |
2000 | 1 | -2.48% | 18,283.84 | 168.80 |
2000 | 2 | 3.94% | 19,004.40 | 169.80 |
2000 | 3 | 1.42% | 19,275.15 | 171.20 |
2000 | 4 | -2.84% | 18,727.97 | 171.30 |
2000 | 5 | 3.16% | 19,320.42 | 171.50 |
2000 | 6 | 0.85% | 19,484.71 | 172.40 |
2000 | 7 | 0.94% | 19,667.81 | 172.80 |
2000 | 8 | -1.08% | 19,455.47 | 172.80 |
2000 | 9 | -5.21% | 18,441.02 | 173.70 |
2000 | 10 | -0.77% | 18,298.55 | 174.00 |
2000 | 11 | -3.32% | 17,691.02 | 174.10 |
2000 | 12 | 0.46% | 17,771.52 | 174.00 |
2001 | 1 | -2.14% | 17,391.87 | 175.10 |
2001 | 2 | -9.08% | 15,812.71 | 175.80 |
2001 | 3 | 0.45% | 15,883.66 | 176.20 |
2001 | 4 | 6.88% | 16,976.35 | 176.90 |
2001 | 5 | -2.39% | 16,570.84 | 177.70 |
2001 | 6 | -2.66% | 16,130.02 | 178.00 |
2001 | 7 | -2.05% | 15,800.02 | 177.50 |
2001 | 8 | -11.25% | 14,022.94 | 177.50 |
2001 | 9 | 3.18% | 14,469.44 | 178.30 |
2001 | 10 | 5.05% | 15,200.60 | 177.70 |
2001 | 11 | 1.47% | 15,423.45 | 177.40 |
2001 | 12 | -0.30% | 15,377.54 | 176.70 |
2002 | 1 | -3.35% | 14,861.96 | 177.10 |
2002 | 2 | 4.95% | 15,596.93 | 177.80 |
2002 | 3 | -3.51% | 15,048.78 | 178.80 |
2002 | 4 | -2.82% | 14,624.35 | 179.80 |
2002 | 5 | -5.92% | 13,758.45 | 179.80 |
2002 | 6 | -10.76% | 12,278.25 | 179.90 |
2002 | 7 | 1.14% | 12,418.07 | 180.10 |
2002 | 8 | -4.76% | 11,827.25 | 180.70 |
2002 | 9 | -1.37% | 11,665.57 | 181.00 |
2002 | 10 | 6.63% | 12,438.48 | 181.30 |
2002 | 11 | -1.04% | 12,309.73 | 181.30 |
2002 | 12 | -0.22% | 12,282.34 | 180.90 |
2003 | 1 | -6.41% | 11,494.45 | 181.70 |
2003 | 2 | 1.31% | 11,644.79 | 183.10 |
2003 | 3 | 5.29% | 12,260.31 | 184.20 |
2003 | 4 | 5.31% | 12,911.61 | 183.80 |
2003 | 5 | 5.70% | 13,648.11 | 183.50 |
2003 | 6 | 0.60% | 13,729.44 | 183.70 |
2003 | 7 | -0.17% | 13,706.60 | 183.90 |
2003 | 8 | 3.16% | 14,139.89 | 184.60 |
2003 | 9 | 2.03% | 14,426.63 | 185.20 |
2003 | 10 | 1.21% | 14,601.27 | 185.00 |
2003 | 11 | 3.06% | 15,048.63 | 184.50 |
2003 | 12 | 4.93% | 15,791.27 | 184.30 |
2004 | 1 | 1.09% | 15,962.87 | 185.20 |
2004 | 2 | -1.57% | 15,713.02 | 186.20 |
2004 | 3 | 0.97% | 15,865.14 | 187.40 |
2004 | 4 | -2.56% | 15,458.32 | 188.00 |
2004 | 5 | 2.86% | 15,900.07 | 189.10 |
2004 | 6 | -2.24% | 15,544.10 | 189.70 |
2004 | 7 | -1.39% | 15,328.42 | 189.40 |
2004 | 8 | 2.78% | 15,754.95 | 189.50 |
2004 | 9 | 0.10% | 15,771.11 | 189.90 |
2004 | 10 | 4.77% | 16,524.01 | 190.90 |
2004 | 11 | 2.73% | 16,974.69 | 191.00 |
2004 | 12 | -1.35% | 16,745.67 | 190.30 |
2005 | 1 | 1.68% | 17,027.20 | 190.70 |
2005 | 2 | -0.26% | 16,983.68 | 191.80 |
2005 | 3 | -2.41% | 16,574.55 | 193.30 |
2005 | 4 | 1.34% | 16,795.97 | 194.60 |
2005 | 5 | 2.18% | 17,162.24 | 194.40 |
2005 | 6 | 1.81% | 17,472.50 | 194.50 |
2005 | 7 | 0.31% | 17,526.66 | 195.40 |
2005 | 8 | 0.28% | 17,575.68 | 196.40 |
2005 | 9 | -2.62% | 17,114.46 | 198.80 |
2005 | 10 | 3.96% | 17,792.46 | 199.20 |
2005 | 11 | 2.14% | 18,173.95 | 197.60 |
2005 | 12 | 1.47% | 18,440.52 | 196.80 |
2006 | 1 | -0.02% | 18,437.45 | 198.30 |
2006 | 2 | 1.49% | 18,711.46 | 198.70 |
2006 | 3 | 0.80% | 18,860.84 | 199.80 |
2006 | 4 | -0.79% | 18,712.47 | 201.50 |
2006 | 5 | -2.71% | 18,206.15 | 202.50 |
2006 | 6 | 0.72% | 18,337.24 | 202.90 |
2006 | 7 | 2.29% | 18,757.49 | 203.50 |
2006 | 8 | 2.53% | 19,232.27 | 203.90 |
2006 | 9 | 3.62% | 19,927.69 | 202.90 |
2006 | 10 | 2.00% | 20,326.57 | 201.80 |
2006 | 11 | 2.15% | 20,763.24 | 201.50 |
2006 | 12 | 0.69% | 20,907.10 | 201.80 |
2007 | 1 | 1.60% | 21,240.78 | 202.42 |
2007 | 2 | -2.47% | 20,715.31 | 203.50 |
2007 | 3 | 4.18% | 21,581.26 | 205.35 |
2007 | 4 | 3.39% | 22,313.25 | 206.69 |
2007 | 5 | 0.34% | 22,390.21 | 207.95 |
2007 | 6 | 0.57% | 22,518.86 | 208.35 |
2007 | 7 | -4.20% | 21,572.82 | 208.30 |
2007 | 8 | 3.07% | 22,236.13 | 207.92 |
2007 | 9 | 2.99% | 22,901.35 | 208.49 |
2007 | 10 | -4.81% | 21,800.64 | 208.94 |
2007 | 11 | 1.24% | 22,070.58 | 210.18 |
2007 | 12 | -6.64% | 20,606.16 | 210.04 |
2008 | 1 | -1.56% | 20,283.88 | 211.08 |
2008 | 2 | -2.63% | 19,751.10 | 211.69 |
2008 | 3 | 4.24% | 20,589.30 | 213.53 |
2008 | 4 | 2.56% | 21,116.92 | 214.82 |
2008 | 5 | -4.25% | 20,220.17 | 216.63 |
2008 | 6 | -6.08% | 18,991.10 | 218.82 |
2008 | 7 | 2.11% | 19,391.91 | 219.96 |
2008 | 8 | -4.85% | 18,451.88 | 219.09 |
2008 | 9 | -20.19% | 14,725.78 | 218.78 |
2008 | 10 | -8.61% | 13,458.58 | 216.57 |
2008 | 11 | -0.35% | 13,411.31 | 212.43 |
2008 | 12 | -1.10% | 13,264.38 | 210.23 |
2009 | 1 | -6.70% | 12,375.34 | 211.14 |
2009 | 2 | -5.69% | 11,671.50 | 212.19 |
2009 | 3 | 12.32% | 13,109.63 | 212.71 |
2009 | 4 | 6.66% | 13,982.71 | 213.24 |
2009 | 5 | 2.87% | 14,383.85 | 213.86 |
2009 | 6 | 1.28% | 14,567.63 | 215.69 |
2009 | 7 | 8.12% | 15,750.62 | 215.35 |
2009 | 8 | 3.65% | 16,325.58 | 215.83 |
2009 | 9 | 2.40% | 16,717.90 | 215.97 |
2009 | 10 | 2.09% | 17,068.03 | 216.18 |
2009 | 11 | 2.23% | 17,447.94 | 216.33 |
2009 | 12 | 1.36% | 17,684.70 | 215.95 |
2010 | 1 | -2.90% | 17,172.11 | 216.69 |
2010 | 2 | 5.94% | 18,192.66 | 216.74 |
2010 | 3 | 4.09% | 18,936.36 | 217.63 |
2010 | 4 | -5.88% | 17,822.45 | 218.01 |
2010 | 5 | -3.54% | 17,190.90 | 218.18 |
2010 | 6 | -0.16% | 17,163.55 | 217.97 |
2010 | 7 | 0.86% | 17,311.78 | 218.01 |
2010 | 8 | 3.37% | 17,895.39 | 218.31 |
2010 | 9 | 4.58% | 18,714.54 | 218.44 |
2010 | 10 | 2.49% | 19,180.70 | 218.71 |
2010 | 11 | 3.71% | 19,893.02 | 218.80 |
2010 | 12 | 3.46% | 20,581.75 | 219.18 |
2011 | 1 | 3.15% | 21,230.26 | 220.22 |
2011 | 2 | -1.11% | 20,994.08 | 221.31 |
2011 | 3 | 2.22% | 21,460.35 | 223.47 |
2011 | 4 | 0.66% | 21,601.83 | 224.91 |
2011 | 5 | -3.66% | 20,810.64 | 225.96 |
2011 | 6 | 3.10% | 21,456.13 | 225.72 |
2011 | 7 | -10.40% | 19,224.55 | 225.92 |
2011 | 8 | -0.79% | 19,072.82 | 226.55 |
2011 | 9 | 3.02% | 19,648.62 | 226.89 |
2011 | 10 | 1.77% | 19,995.83 | 226.42 |
2011 | 11 | 1.55% | 20,306.72 | 226.23 |
2011 | 12 | 4.78% | 21,277.90 | 225.67 |
2012 | 1 | 4.16% | 22,163.61 | 226.67 |
2012 | 2 | 2.88% | 22,802.77 | 227.66 |
2012 | 3 | -0.04% | 22,794.06 | 229.39 |
2012 | 4 | -3.09% | 22,089.51 | 230.09 |
2012 | 5 | -1.15% | 21,834.95 | 229.82 |
2012 | 6 | 2.92% | 22,472.76 | 229.48 |
2012 | 7 | 3.39% | 23,234.07 | 229.10 |
2012 | 8 | 3.02% | 23,936.01 | 230.38 |
2012 | 9 | -0.22% | 23,884.04 | 231.41 |
2012 | 10 | -2.84% | 23,206.33 | 231.32 |
2012 | 11 | 2.18% | 23,711.19 | 230.22 |
2012 | 12 | 4.27% | 24,723.37 | 229.60 |
2013 | 1 | 2.33% | 25,300.17 | 230.28 |
2013 | 2 | 2.72% | 25,988.95 | 232.17 |
2013 | 3 | 1.45% | 26,366.78 | 232.77 |
2013 | 4 | 4.57% | 27,572.87 | 232.53 |
2013 | 5 | -1.12% | 27,264.67 | 232.95 |
2013 | 6 | 3.25% | 28,151.99 | 233.50 |
2013 | 7 | 0.25% | 28,223.08 | 233.60 |
2013 | 8 | 1.19% | 28,559.63 | 233.88 |
2013 | 9 | 2.12% | 29,164.39 | 234.15 |
2013 | 10 | 3.86% | 30,290.14 | 233.55 |
2013 | 11 | 1.52% | 30,751.05 | 233.07 |
2013 | 12 | 0.97% | 31,048.66 | 233.05 |
2014 | 1 | -0.13% | 31,008.29 | 233.92 |
2014 | 2 | 2.72% | 31,852.42 | 234.78 |
2014 | 3 | 0.20% | 31,916.67 | 236.29 |
2014 | 4 | 1.53% | 32,405.65 | 237.07 |
2014 | 5 | 3.20% | 33,441.43 | 237.90 |
2014 | 6 | 1.50% | 33,941.66 | 238.34 |
2014 | 7 | -0.43% | 33,796.74 | 238.25 |
2014 | 8 | 1.78% | 34,397.66 | 237.85 |
2014 | 9 | -2.65% | 33,487.30 | 238.03 |
2014 | 10 | 5.71% | 35,397.97 | 237.43 |
2014 | 11 | 0.63% | 35,622.35 | 236.15 |
2014 | 12 | -1.11% | 35,226.93 | 234.81 |
2015 | 1 | 2.83% | 36,222.93 | 233.71 |
2015 | 2 | 0.06% | 36,242.99 | 234.72 |
2015 | 3 | 0.88% | 36,561.35 | 236.12 |
2015 | 4 | 0.98% | 36,919.25 | 236.60 |
2015 | 5 | -0.44% | 36,758.46 | 237.81 |
2015 | 6 | -0.08% | 36,729.19 | 238.64 |
2015 | 7 | -2.42% | 35,838.73 | 238.65 |
2015 | 8 | -4.51% | 34,223.45 | 238.32 |
2015 | 9 | 4.32% | 35,700.91 | 237.95 |
2015 | 10 | 2.93% | 36,747.83 | 237.84 |
2015 | 11 | -1.10% | 36,342.51 | 237.34 |
2015 | 12 | -6.42% | 34,009.46 | 236.53 |
2016 | 1 | -0.55% | 33,822.44 | 236.92 |
2016 | 2 | 6.36% | 35,974.47 | 237.11 |
2016 | 3 | 2.83% | 36,993.00 | 238.13 |
2016 | 4 | -0.30% | 36,880.41 | 239.26 |
2016 | 5 | 1.07% | 37,273.73 | 240.23 |
2016 | 6 | 3.30% | 38,502.81 | 241.02 |
2016 | 7 | 1.20% | 38,964.56 | 240.63 |
2016 | 8 | -0.44% | 38,793.63 | 240.85 |
2016 | 9 | -0.51% | 38,597.35 | 241.43 |
2016 | 10 | 1.20% | 39,060.96 | 241.73 |
2016 | 11 | 3.95% | 40,602.29 | 241.35 |
2016 | 12 | 1.44% | 41,186.01 | 241.43 |
2017 | 1 | 2.58% | 42,247.14 | 242.84 |
2017 | 2 | 1.75% | 42,986.15 | 243.60 |
2017 | 3 | -0.15% | 42,919.95 | 243.80 |
2017 | 4 | 1.69% | 43,646.32 | 244.52 |
2017 | 5 | 1.78% | 44,421.66 | 244.73 |
2017 | 6 | 0.99% | 44,860.50 | 244.96 |
2017 | 7 | 0.25% | 44,971.66 | 244.79 |
2017 | 8 | 1.65% | 45,715.16 | 245.52 |
2017 | 9 | 2.73% | 46,965.38 | 246.82 |
2017 | 10 | 1.59% | 47,711.93 | 246.66 |
2017 | 11 | 2.88% | 49,087.70 | 246.67 |
2017 | 12 | 4.86% | 51,474.29 | 246.52 |
2018 | 1 | -2.89% | 49,988.39 | 247.87 |
2018 | 2 | 0.06% | 50,020.67 | 248.99 |
2018 | 3 | -1.66% | 49,188.34 | 249.55 |
2018 | 4 | 1.96% | 50,153.23 | 250.55 |
2018 | 5 | 2.11% | 51,212.95 | 251.59 |
2018 | 6 | 1.58% | 52,022.50 | 251.99 |
2018 | 7 | 2.45% | 53,297.47 | 252.01 |
2018 | 8 | 1.68% | 54,192.73 | 252.15 |
2018 | 9 | -3.85% | 52,106.86 | 252.44 |
2018 | 10 | -2.08% | 51,025.06 | 252.89 |
2018 | 11 | -5.56% | 48,186.79 | 252.04 |
2018 | 12 | 1.74% | 49,023.14 | 251.23 |
2019 | 1 | 5.83% | 51,880.65 | 251.71 |
2019 | 2 | 1.95% | 52,891.29 | 252.78 |
2019 | 3 | 3.72% | 54,860.55 | 254.20 |
2019 | 4 | -1.53% | 54,020.20 | 255.55 |
2019 | 5 | 1.40% | 54,779.05 | 256.09 |
2019 | 6 | 3.83% | 56,875.64 | 256.14 |
2019 | 7 | -3.13% | 55,092.92 | 256.57 |
2019 | 8 | 3.09% | 56,792.66 | 256.56 |
2019 | 9 | 0.01% | 56,798.23 | 256.76 |
2019 | 10 | 4.43% | 59,316.48 | 257.35 |
2019 | 11 | 2.47% | 60,781.20 | 257.21 |
2019 | 12 | 3.35% | 62,815.18 | 256.97 |
2020 | 1 | 0.12% | 62,891.86 | 257.97 |
2020 | 2 | -18.92% | 50,994.16 | 258.68 |
2020 | 3 | 4.32% | 53,196.40 | 258.12 |
2020 | 4 | 5.89% | 56,328.27 | 256.39 |
2020 | 5 | 6.51% | 59,994.27 | 256.39 |
2020 | 6 | 3.48% | 62,079.93 | 257.80 |
2020 | 7 | 5.89% | 65,738.61 | 259.10 |
2020 | 8 | -0.63% | 65,326.43 | 259.92 |
2020 | 9 | 1.73% | 66,453.96 | 260.28 |
2020 | 10 | 3.95% | 69,081.63 | 260.39 |
2020 | 11 | 4.26% | 72,024.57 | 260.23 |
2020 | 12 | 2.80% | 74,037.87 | 260.47 |
2021 | 1 | 2.49% | 75,882.54 | 261.58 |
2021 | 2 | 0.82% | 76,505.81 | 263.01 |
2021 | 3 | 6.02% | 81,112.60 | 264.88 |
2021 | 4 | 0.76% | 81,729.24 | 267.05 |
2021 | 5 | 1.81% | 83,208.88 | 269.20 |
2021 | 6 | 3.07% | 85,761.90 | 271.70 |
2021 | 7 | 2.19% | 87,635.94 | 273.00 |
2021 | 8 | -0.08% | 87,561.89 | 273.57 |
2021 | 9 | 0.45% | 87,957.82 | 274.31 |
2021 | 10 | 4.74% | 92,131.19 | 276.59 |
2021 | 11 | 0.27% | 92,375.71 | 277.95 |
2021 | 12 | -2.05% | 90,480.21 | 278.80 |
2022 | 1 | -2.90% | 87,853.96 | 281.15 |
2022 | 2 | -0.89% | 87,069.79 | 283.72 |
2022 | 3 | 0.12% | 87,172.79 | 287.50 |
2022 | 4 | -7.87% | 80,309.91 | 289.11 |
2022 | 5 | -3.37% | 77,603.96 | 292.30 |
2022 | 6 | 0.46% | 77,964.58 | 296.31 |
2022 | 7 | 6.45% | 82,991.26 | 296.28 |
2022 | 8 | -7.28% | 76,951.65 | 296.17 |
2022 | 9 | -3.09% | 74,572.94 | 296.81 |
2022 | 10 | 5.29% | 78,514.19 | 298.01 |
2022 | 11 | 0.01% | 78,522.70 | 297.71 |
2022 | 12 | 1.38% | 79,603.53 | 296.80 |
2023 | 1 | 3.15% | 82,108.63 | 299.17 |
2023 | 2 | -2.59% | 79,985.77 | 300.84 |
2023 | 3 | 4.00% | 83,182.18 | 301.84 |
2023 | 4 | 0.74% | 83,795.81 | 303.36 |
2023 | 5 | 4.94% | 87,937.16 | 304.13 |
2023 | 6 | 3.88% | 91,345.64 | 305.11 |
2023 | 7 | -1.00% | 90,434.34 | 305.69 |
2023 | 8 | -0.95% | 89,571.98 | 307.03 |
2023 | 9 | -3.04% | 86,851.40 | 307.79 |
2023 | 10 | 4.60% | 90,848.06 | 307.67 |
2023 | 11 | 5.18% | 95,549.67 | 307.05 |
2023 | 12 | 2.91% | 98,331.92 | 306.75 |
2024 | 1 | 4.20% | 102,461.14 | 308.42 |
2024 | 2 | 3.28% | 105,824.04 | 310.33 |
2024 | 3 | -1.01% | 104,756.14 | 312.33 |
2024 | 4 | 2.52% | 107,392.55 | 313.55 |
2024 | 5 | 3.55% | 111,205.62 | 314.07 |
2024 | 6 | 2.38% | 113,851.93 | 314.18 |
2024 | 7 | -0.97% | 112,746.87 | 314.54 |
2024 | 8 | 2.72% | 115,815.97 | 314.80 |
2024 | 9 | 3.15% | 119,466.36 | 315.30 |
2024 | 10 | 4.40% | 124,722.22 | 315.66 |
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 $500.00 up-front. Instead, the capital is invested over a period of time.
Consider a strategy in which $500.00 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 $137,602.57, including dividend reinvestments. In this particular case, dollar-cost average returns are greater than the returns of a lump-sum investment (which ends with $124,722.22).
Year | Month | Contribution ($) | Amount ($) |
---|---|---|---|
1974 | 1 | 20.83 | 20.25 |
1974 | 2 | 20.83 | 42.90 |
1974 | 3 | 20.83 | 60.60 |
1974 | 4 | 20.83 | 79.16 |
1974 | 5 | 20.83 | 100.38 |
1974 | 6 | 20.83 | 107.39 |
1974 | 7 | 20.83 | 123.31 |
1974 | 8 | 20.83 | 129.63 |
1974 | 9 | 20.83 | 153.94 |
1974 | 10 | 20.83 | 181.23 |
1974 | 11 | 20.83 | 189.66 |
1974 | 12 | 20.83 | 228.57 |
1975 | 1 | 20.83 | 276.27 |
1975 | 2 | 20.83 | 311.79 |
1975 | 3 | 20.83 | 337.49 |
1975 | 4 | 20.83 | 382.30 |
1975 | 5 | 20.83 | 414.73 |
1975 | 6 | 20.83 | 437.37 |
1975 | 7 | 20.83 | 426.07 |
1975 | 8 | 20.83 | 443.02 |
1975 | 9 | 20.83 | 486.83 |
1975 | 10 | 20.83 | 517.95 |
1975 | 11 | 20.83 | 532.36 |
1975 | 12 | 20.91 | 606.01 |
1976 | 1 | - | 631.33 |
1976 | 2 | - | 636.39 |
1976 | 3 | - | 643.36 |
1976 | 4 | - | 640.90 |
1976 | 5 | - | 646.67 |
1976 | 6 | - | 663.90 |
1976 | 7 | - | 660.18 |
1976 | 8 | - | 676.28 |
1976 | 9 | - | 655.26 |
1976 | 10 | - | 652.85 |
1976 | 11 | - | 677.58 |
1976 | 12 | - | 673.93 |
1977 | 1 | - | 657.97 |
1977 | 2 | - | 657.62 |
1977 | 3 | - | 649.77 |
1977 | 4 | - | 650.18 |
1977 | 5 | - | 656.04 |
1977 | 6 | - | 664.45 |
1977 | 7 | - | 650.64 |
1977 | 8 | - | 642.99 |
1977 | 9 | - | 628.86 |
1977 | 10 | - | 635.03 |
1977 | 11 | - | 634.52 |
1977 | 12 | - | 613.01 |
1978 | 1 | - | 607.05 |
1978 | 2 | - | 608.66 |
1978 | 3 | - | 638.06 |
1978 | 4 | - | 673.18 |
1978 | 5 | - | 677.71 |
1978 | 6 | - | 677.29 |
1978 | 7 | - | 726.92 |
1978 | 8 | - | 729.83 |
1978 | 9 | - | 709.59 |
1978 | 10 | - | 671.00 |
1978 | 11 | - | 683.91 |
1978 | 12 | - | 712.53 |
1979 | 1 | - | 705.00 |
1979 | 2 | - | 721.50 |
1979 | 3 | - | 739.04 |
1979 | 4 | - | 725.05 |
1979 | 5 | - | 742.58 |
1979 | 6 | - | 753.13 |
1979 | 7 | - | 790.90 |
1979 | 8 | - | 803.08 |
1979 | 9 | - | 776.16 |
1979 | 10 | - | 773.65 |
1979 | 11 | - | 807.73 |
1979 | 12 | - | 834.48 |
1980 | 1 | - | 871.16 |
1980 | 2 | - | 794.69 |
1980 | 3 | - | 785.46 |
1980 | 4 | - | 825.02 |
1980 | 5 | - | 881.64 |
1980 | 6 | - | 925.45 |
1980 | 7 | - | 957.88 |
1980 | 8 | - | 985.05 |
1980 | 9 | - | 1,017.80 |
1980 | 10 | - | 1,064.76 |
1980 | 11 | - | 1,051.51 |
1980 | 12 | - | 1,051.62 |
1981 | 1 | - | 1,019.33 |
1981 | 2 | - | 1,061.56 |
1981 | 3 | - | 1,075.30 |
1981 | 4 | - | 1,057.91 |
1981 | 5 | - | 1,066.98 |
1981 | 6 | - | 1,045.47 |
1981 | 7 | - | 1,053.86 |
1981 | 8 | - | 966.36 |
1981 | 9 | - | 983.05 |
1981 | 10 | - | 1,012.97 |
1981 | 11 | - | 1,024.92 |
1981 | 12 | - | 975.68 |
1982 | 1 | - | 957.01 |
1982 | 2 | - | 930.74 |
1982 | 3 | - | 981.65 |
1982 | 4 | - | 987.24 |
1982 | 5 | - | 935.20 |
1982 | 6 | - | 937.48 |
1982 | 7 | - | 944.93 |
1982 | 8 | - | 1,059.23 |
1982 | 9 | - | 1,153.30 |
1982 | 10 | - | 1,205.20 |
1982 | 11 | - | 1,221.54 |
1982 | 12 | - | 1,269.49 |
1983 | 1 | - | 1,296.53 |
1983 | 2 | - | 1,346.65 |
1983 | 3 | - | 1,403.18 |
1983 | 4 | - | 1,465.25 |
1983 | 5 | - | 1,490.95 |
1983 | 6 | - | 1,501.50 |
1983 | 7 | - | 1,465.36 |
1983 | 8 | - | 1,513.92 |
1983 | 9 | - | 1,523.73 |
1983 | 10 | - | 1,506.34 |
1983 | 11 | - | 1,504.41 |
1983 | 12 | - | 1,528.12 |
1984 | 1 | - | 1,450.00 |
1984 | 2 | - | 1,456.41 |
1984 | 3 | - | 1,463.80 |
1984 | 4 | - | 1,460.10 |
1984 | 5 | - | 1,433.11 |
1984 | 6 | - | 1,420.09 |
1984 | 7 | - | 1,550.84 |
1984 | 8 | - | 1,572.65 |
1984 | 9 | - | 1,566.17 |
1984 | 10 | - | 1,586.31 |
1984 | 11 | - | 1,575.08 |
1984 | 12 | - | 1,649.08 |
1985 | 1 | - | 1,744.51 |
1985 | 2 | - | 1,736.17 |
1985 | 3 | - | 1,753.96 |
1985 | 4 | - | 1,801.94 |
1985 | 5 | - | 1,847.19 |
1985 | 6 | - | 1,888.70 |
1985 | 7 | - | 1,853.85 |
1985 | 8 | - | 1,818.90 |
1985 | 9 | - | 1,846.10 |
1985 | 10 | - | 1,964.63 |
1985 | 11 | - | 2,068.65 |
1985 | 12 | - | 2,084.20 |
1986 | 1 | - | 2,202.94 |
1986 | 2 | - | 2,339.15 |
1986 | 3 | - | 2,403.27 |
1986 | 4 | - | 2,415.09 |
1986 | 5 | - | 2,490.76 |
1986 | 6 | - | 2,445.83 |
1986 | 7 | - | 2,501.62 |
1986 | 8 | - | 2,440.17 |
1986 | 9 | - | 2,437.98 |
1986 | 10 | - | 2,524.11 |
1986 | 11 | - | 2,567.25 |
1986 | 12 | - | 2,738.57 |
1987 | 1 | - | 2,915.53 |
1987 | 2 | - | 3,043.13 |
1987 | 3 | - | 3,017.07 |
1987 | 4 | - | 3,022.28 |
1987 | 5 | - | 3,158.24 |
1987 | 6 | - | 3,256.84 |
1987 | 7 | - | 3,467.04 |
1987 | 8 | - | 3,361.97 |
1987 | 9 | - | 2,963.45 |
1987 | 10 | - | 2,598.84 |
1987 | 11 | - | 2,564.15 |
1987 | 12 | - | 2,673.04 |
1988 | 1 | - | 2,762.02 |
1988 | 2 | - | 2,851.29 |
1988 | 3 | - | 2,826.02 |
1988 | 4 | - | 2,764.18 |
1988 | 5 | - | 2,929.98 |
1988 | 6 | - | 2,920.99 |
1988 | 7 | - | 2,870.79 |
1988 | 8 | - | 2,926.12 |
1988 | 9 | - | 3,037.36 |
1988 | 10 | - | 2,976.00 |
1988 | 11 | - | 3,045.22 |
1988 | 12 | - | 3,152.18 |
1989 | 1 | - | 3,256.20 |
1989 | 2 | - | 3,250.94 |
1989 | 3 | - | 3,366.83 |
1989 | 4 | - | 3,505.38 |
1989 | 5 | - | 3,624.31 |
1989 | 6 | - | 3,725.79 |
1989 | 7 | - | 3,900.56 |
1989 | 8 | - | 3,918.33 |
1989 | 9 | - | 3,929.55 |
1989 | 10 | - | 3,858.28 |
1989 | 11 | - | 3,963.87 |
1989 | 12 | - | 3,876.22 |
1990 | 1 | - | 3,778.26 |
1990 | 2 | - | 3,880.55 |
1990 | 3 | - | 3,888.15 |
1990 | 4 | - | 4,037.88 |
1990 | 5 | - | 4,165.88 |
1990 | 6 | - | 4,172.95 |
1990 | 7 | - | 3,844.91 |
1990 | 8 | - | 3,678.00 |
1990 | 9 | - | 3,592.82 |
1990 | 10 | - | 3,700.03 |
1990 | 11 | - | 3,869.73 |
1990 | 12 | - | 3,843.22 |
1991 | 1 | - | 4,289.29 |
1991 | 2 | - | 4,419.88 |
1991 | 3 | - | 4,519.72 |
1991 | 4 | - | 4,511.64 |
1991 | 5 | - | 4,527.29 |
1991 | 6 | - | 4,562.63 |
1991 | 7 | - | 4,684.86 |
1991 | 8 | - | 4,670.66 |
1991 | 9 | - | 4,679.14 |
1991 | 10 | - | 4,679.88 |
1991 | 11 | - | 4,723.64 |
1991 | 12 | - | 5,071.21 |
1992 | 1 | - | 5,040.74 |
1992 | 2 | - | 4,989.71 |
1992 | 3 | - | 5,002.90 |
1992 | 4 | - | 5,106.37 |
1992 | 5 | - | 5,038.50 |
1992 | 6 | - | 5,134.85 |
1992 | 7 | - | 5,183.20 |
1992 | 8 | - | 5,202.81 |
1992 | 9 | - | 5,141.31 |
1992 | 10 | - | 5,283.05 |
1992 | 11 | - | 5,455.87 |
1992 | 12 | - | 5,463.66 |
1993 | 1 | - | 5,557.87 |
1993 | 2 | - | 5,677.37 |
1993 | 3 | - | 5,601.19 |
1993 | 4 | - | 5,641.79 |
1993 | 5 | - | 5,690.60 |
1993 | 6 | - | 5,694.07 |
1993 | 7 | - | 5,794.43 |
1993 | 8 | - | 5,872.94 |
1993 | 9 | - | 5,945.88 |
1993 | 10 | - | 5,946.33 |
1993 | 11 | - | 5,999.08 |
1993 | 12 | - | 6,103.22 |
1994 | 1 | - | 6,098.60 |
1994 | 2 | - | 6,011.76 |
1994 | 3 | - | 5,810.59 |
1994 | 4 | - | 5,872.08 |
1994 | 5 | - | 5,937.15 |
1994 | 6 | - | 5,906.34 |
1994 | 7 | - | 6,088.38 |
1994 | 8 | - | 6,138.15 |
1994 | 9 | - | 6,110.89 |
1994 | 10 | - | 6,088.29 |
1994 | 11 | - | 6,025.84 |
1994 | 12 | - | 6,173.55 |
1995 | 1 | - | 6,409.32 |
1995 | 2 | - | 6,573.28 |
1995 | 3 | - | 6,784.65 |
1995 | 4 | - | 7,011.78 |
1995 | 5 | - | 7,234.65 |
1995 | 6 | - | 7,491.29 |
1995 | 7 | - | 7,529.73 |
1995 | 8 | - | 7,809.66 |
1995 | 9 | - | 7,880.93 |
1995 | 10 | - | 8,066.80 |
1995 | 11 | - | 8,340.19 |
1995 | 12 | - | 8,353.75 |
1996 | 1 | - | 8,846.99 |
1996 | 2 | - | 8,829.23 |
1996 | 3 | - | 8,846.63 |
1996 | 4 | - | 9,054.95 |
1996 | 5 | - | 9,170.73 |
1996 | 6 | - | 8,851.90 |
1996 | 7 | - | 9,124.16 |
1996 | 8 | - | 9,308.81 |
1996 | 9 | - | 9,692.29 |
1996 | 10 | - | 10,181.95 |
1996 | 11 | - | 10,303.95 |
1996 | 12 | - | 10,639.61 |
1997 | 1 | - | 11,103.62 |
1997 | 2 | - | 11,034.37 |
1997 | 3 | - | 10,658.62 |
1997 | 4 | - | 11,641.11 |
1997 | 5 | - | 12,262.38 |
1997 | 6 | - | 12,965.74 |
1997 | 7 | - | 13,010.84 |
1997 | 8 | - | 13,165.93 |
1997 | 9 | - | 13,382.55 |
1997 | 10 | - | 13,228.38 |
1997 | 11 | - | 13,576.90 |
1997 | 12 | - | 13,609.09 |
1998 | 1 | - | 14,480.36 |
1998 | 2 | - | 15,249.69 |
1998 | 3 | - | 15,769.04 |
1998 | 4 | - | 15,734.06 |
1998 | 5 | - | 15,752.38 |
1998 | 6 | - | 16,456.14 |
1998 | 7 | - | 15,308.98 |
1998 | 8 | - | 14,559.08 |
1998 | 9 | - | 14,747.02 |
1998 | 10 | - | 16,365.41 |
1998 | 11 | - | 17,037.07 |
1998 | 12 | - | 17,897.04 |
1999 | 1 | - | 17,885.11 |
1999 | 2 | - | 18,407.98 |
1999 | 3 | - | 19,190.32 |
1999 | 4 | - | 19,171.36 |
1999 | 5 | - | 19,054.07 |
1999 | 6 | - | 19,915.77 |
1999 | 7 | - | 19,164.07 |
1999 | 8 | - | 19,049.47 |
1999 | 9 | - | 18,807.07 |
1999 | 10 | - | 20,143.49 |
1999 | 11 | - | 20,709.27 |
1999 | 12 | - | 20,684.64 |
2000 | 1 | - | 20,172.05 |
2000 | 2 | - | 20,967.03 |
2000 | 3 | - | 21,265.74 |
2000 | 4 | - | 20,662.05 |
2000 | 5 | - | 21,315.69 |
2000 | 6 | - | 21,496.94 |
2000 | 7 | - | 21,698.95 |
2000 | 8 | - | 21,464.68 |
2000 | 9 | - | 20,345.46 |
2000 | 10 | - | 20,188.28 |
2000 | 11 | - | 19,518.01 |
2000 | 12 | - | 19,606.82 |
2001 | 1 | - | 19,187.97 |
2001 | 2 | - | 17,445.72 |
2001 | 3 | - | 17,524.00 |
2001 | 4 | - | 18,729.53 |
2001 | 5 | - | 18,282.15 |
2001 | 6 | - | 17,795.80 |
2001 | 7 | - | 17,431.73 |
2001 | 8 | - | 15,471.13 |
2001 | 9 | - | 15,963.73 |
2001 | 10 | - | 16,770.40 |
2001 | 11 | - | 17,016.26 |
2001 | 12 | - | 16,965.61 |
2002 | 1 | - | 16,396.79 |
2002 | 2 | - | 17,207.66 |
2002 | 3 | - | 16,602.91 |
2002 | 4 | - | 16,134.64 |
2002 | 5 | - | 15,179.32 |
2002 | 6 | - | 13,546.25 |
2002 | 7 | - | 13,700.51 |
2002 | 8 | - | 13,048.68 |
2002 | 9 | - | 12,870.30 |
2002 | 10 | - | 13,723.03 |
2002 | 11 | - | 13,580.99 |
2002 | 12 | - | 13,550.77 |
2003 | 1 | - | 12,681.51 |
2003 | 2 | - | 12,847.37 |
2003 | 3 | - | 13,526.46 |
2003 | 4 | - | 14,245.02 |
2003 | 5 | - | 15,057.58 |
2003 | 6 | - | 15,147.31 |
2003 | 7 | - | 15,122.11 |
2003 | 8 | - | 15,600.15 |
2003 | 9 | - | 15,916.50 |
2003 | 10 | - | 16,109.18 |
2003 | 11 | - | 16,602.73 |
2003 | 12 | - | 17,422.07 |
2004 | 1 | - | 17,611.39 |
2004 | 2 | - | 17,335.74 |
2004 | 3 | - | 17,503.57 |
2004 | 4 | - | 17,054.74 |
2004 | 5 | - | 17,542.11 |
2004 | 6 | - | 17,149.38 |
2004 | 7 | - | 16,911.42 |
2004 | 8 | - | 17,382.00 |
2004 | 9 | - | 17,399.83 |
2004 | 10 | - | 18,230.48 |
2004 | 11 | - | 18,727.71 |
2004 | 12 | - | 18,475.03 |
2005 | 1 | - | 18,785.63 |
2005 | 2 | - | 18,737.62 |
2005 | 3 | - | 18,286.25 |
2005 | 4 | - | 18,530.53 |
2005 | 5 | - | 18,934.62 |
2005 | 6 | - | 19,276.92 |
2005 | 7 | - | 19,336.68 |
2005 | 8 | - | 19,390.76 |
2005 | 9 | - | 18,881.91 |
2005 | 10 | - | 19,629.92 |
2005 | 11 | - | 20,050.81 |
2005 | 12 | - | 20,344.91 |
2006 | 1 | - | 20,341.53 |
2006 | 2 | - | 20,643.83 |
2006 | 3 | - | 20,808.64 |
2006 | 4 | - | 20,644.95 |
2006 | 5 | - | 20,086.34 |
2006 | 6 | - | 20,230.97 |
2006 | 7 | - | 20,694.61 |
2006 | 8 | - | 21,218.43 |
2006 | 9 | - | 21,985.67 |
2006 | 10 | - | 22,425.75 |
2006 | 11 | - | 22,907.51 |
2006 | 12 | - | 23,066.22 |
2007 | 1 | - | 23,434.37 |
2007 | 2 | - | 22,854.63 |
2007 | 3 | - | 23,810.01 |
2007 | 4 | - | 24,617.59 |
2007 | 5 | - | 24,702.49 |
2007 | 6 | - | 24,844.44 |
2007 | 7 | - | 23,800.70 |
2007 | 8 | - | 24,532.51 |
2007 | 9 | - | 25,266.43 |
2007 | 10 | - | 24,052.05 |
2007 | 11 | - | 24,349.86 |
2007 | 12 | - | 22,734.20 |
2008 | 1 | - | 22,378.65 |
2008 | 2 | - | 21,790.84 |
2008 | 3 | - | 22,715.60 |
2008 | 4 | - | 23,297.71 |
2008 | 5 | - | 22,308.36 |
2008 | 6 | - | 20,952.35 |
2008 | 7 | - | 21,394.56 |
2008 | 8 | - | 20,357.45 |
2008 | 9 | - | 16,246.55 |
2008 | 10 | - | 14,848.48 |
2008 | 11 | - | 14,796.33 |
2008 | 12 | - | 14,634.22 |
2009 | 1 | - | 13,653.36 |
2009 | 2 | - | 12,876.84 |
2009 | 3 | - | 14,463.49 |
2009 | 4 | - | 15,426.73 |
2009 | 5 | - | 15,869.30 |
2009 | 6 | - | 16,072.06 |
2009 | 7 | - | 17,377.23 |
2009 | 8 | - | 18,011.56 |
2009 | 9 | - | 18,444.39 |
2009 | 10 | - | 18,830.68 |
2009 | 11 | - | 19,249.82 |
2009 | 12 | - | 19,511.04 |
2010 | 1 | - | 18,945.51 |
2010 | 2 | - | 20,071.45 |
2010 | 3 | - | 20,891.96 |
2010 | 4 | - | 19,663.01 |
2010 | 5 | - | 18,966.24 |
2010 | 6 | - | 18,936.07 |
2010 | 7 | - | 19,099.60 |
2010 | 8 | - | 19,743.48 |
2010 | 9 | - | 20,647.23 |
2010 | 10 | - | 21,161.53 |
2010 | 11 | - | 21,947.42 |
2010 | 12 | - | 22,707.28 |
2011 | 1 | - | 23,422.75 |
2011 | 2 | - | 23,162.18 |
2011 | 3 | - | 23,676.61 |
2011 | 4 | - | 23,832.70 |
2011 | 5 | - | 22,959.80 |
2011 | 6 | - | 23,671.95 |
2011 | 7 | - | 21,209.92 |
2011 | 8 | - | 21,042.52 |
2011 | 9 | - | 21,677.77 |
2011 | 10 | - | 22,060.84 |
2011 | 11 | - | 22,403.84 |
2011 | 12 | - | 23,475.31 |
2012 | 1 | - | 24,452.50 |
2012 | 2 | - | 25,157.67 |
2012 | 3 | - | 25,148.05 |
2012 | 4 | - | 24,370.74 |
2012 | 5 | - | 24,089.89 |
2012 | 6 | - | 24,793.58 |
2012 | 7 | - | 25,633.51 |
2012 | 8 | - | 26,407.94 |
2012 | 9 | - | 26,350.60 |
2012 | 10 | - | 25,602.90 |
2012 | 11 | - | 26,159.90 |
2012 | 12 | - | 27,276.61 |
2013 | 1 | - | 27,912.97 |
2013 | 2 | - | 28,672.89 |
2013 | 3 | - | 29,089.74 |
2013 | 4 | - | 30,420.38 |
2013 | 5 | - | 30,080.35 |
2013 | 6 | - | 31,059.31 |
2013 | 7 | - | 31,137.74 |
2013 | 8 | - | 31,509.05 |
2013 | 9 | - | 32,176.27 |
2013 | 10 | - | 33,418.27 |
2013 | 11 | - | 33,926.78 |
2013 | 12 | - | 34,255.13 |
2014 | 1 | - | 34,210.58 |
2014 | 2 | - | 35,141.89 |
2014 | 3 | - | 35,212.78 |
2014 | 4 | - | 35,752.25 |
2014 | 5 | - | 36,895.01 |
2014 | 6 | - | 37,446.89 |
2014 | 7 | - | 37,287.01 |
2014 | 8 | - | 37,949.98 |
2014 | 9 | - | 36,945.61 |
2014 | 10 | - | 39,053.59 |
2014 | 11 | - | 39,301.15 |
2014 | 12 | - | 38,864.89 |
2015 | 1 | - | 39,963.75 |
2015 | 2 | - | 39,985.88 |
2015 | 3 | - | 40,337.12 |
2015 | 4 | - | 40,731.98 |
2015 | 5 | - | 40,554.59 |
2015 | 6 | - | 40,522.30 |
2015 | 7 | - | 39,539.88 |
2015 | 8 | - | 37,757.78 |
2015 | 9 | - | 39,387.83 |
2015 | 10 | - | 40,542.86 |
2015 | 11 | - | 40,095.69 |
2015 | 12 | - | 37,521.70 |
2016 | 1 | - | 37,315.36 |
2016 | 2 | - | 39,689.64 |
2016 | 3 | - | 40,813.35 |
2016 | 4 | - | 40,689.13 |
2016 | 5 | - | 41,123.08 |
2016 | 6 | - | 42,479.08 |
2016 | 7 | - | 42,988.52 |
2016 | 8 | - | 42,799.94 |
2016 | 9 | - | 42,583.38 |
2016 | 10 | - | 43,094.87 |
2016 | 11 | - | 44,795.38 |
2016 | 12 | - | 45,439.38 |
2017 | 1 | - | 46,610.10 |
2017 | 2 | - | 47,425.43 |
2017 | 3 | - | 47,352.39 |
2017 | 4 | - | 48,153.77 |
2017 | 5 | - | 49,009.19 |
2017 | 6 | - | 49,493.34 |
2017 | 7 | - | 49,615.99 |
2017 | 8 | - | 50,436.27 |
2017 | 9 | - | 51,815.60 |
2017 | 10 | - | 52,639.25 |
2017 | 11 | - | 54,157.09 |
2017 | 12 | - | 56,790.15 |
2018 | 1 | - | 55,150.80 |
2018 | 2 | - | 55,186.42 |
2018 | 3 | - | 54,268.13 |
2018 | 4 | - | 55,332.67 |
2018 | 5 | - | 56,501.83 |
2018 | 6 | - | 57,394.98 |
2018 | 7 | - | 58,801.61 |
2018 | 8 | - | 59,789.33 |
2018 | 9 | - | 57,488.05 |
2018 | 10 | - | 56,294.54 |
2018 | 11 | - | 53,163.15 |
2018 | 12 | - | 54,085.86 |
2019 | 1 | - | 57,238.48 |
2019 | 2 | - | 58,353.49 |
2019 | 3 | - | 60,526.12 |
2019 | 4 | - | 59,598.99 |
2019 | 5 | - | 60,436.21 |
2019 | 6 | - | 62,749.31 |
2019 | 7 | - | 60,782.49 |
2019 | 8 | - | 62,657.76 |
2019 | 9 | - | 62,663.91 |
2019 | 10 | - | 65,442.23 |
2019 | 11 | - | 67,058.21 |
2019 | 12 | - | 69,302.24 |
2020 | 1 | - | 69,386.85 |
2020 | 2 | - | 56,260.44 |
2020 | 3 | - | 58,690.12 |
2020 | 4 | - | 62,145.42 |
2020 | 5 | - | 66,190.01 |
2020 | 6 | - | 68,491.06 |
2020 | 7 | - | 72,527.59 |
2020 | 8 | - | 72,072.84 |
2020 | 9 | - | 73,316.81 |
2020 | 10 | - | 76,215.85 |
2020 | 11 | - | 79,462.70 |
2020 | 12 | - | 81,683.92 |
2021 | 1 | - | 83,719.10 |
2021 | 2 | - | 84,406.74 |
2021 | 3 | - | 89,489.28 |
2021 | 4 | - | 90,169.60 |
2021 | 5 | - | 91,802.05 |
2021 | 6 | - | 94,618.72 |
2021 | 7 | - | 96,686.30 |
2021 | 8 | - | 96,604.60 |
2021 | 9 | - | 97,041.42 |
2021 | 10 | - | 101,645.79 |
2021 | 11 | - | 101,915.56 |
2021 | 12 | - | 99,824.30 |
2022 | 1 | - | 96,926.83 |
2022 | 2 | - | 96,061.68 |
2022 | 3 | - | 96,175.32 |
2022 | 4 | - | 88,603.70 |
2022 | 5 | - | 85,618.30 |
2022 | 6 | - | 86,016.15 |
2022 | 7 | - | 91,561.95 |
2022 | 8 | - | 84,898.62 |
2022 | 9 | - | 82,274.25 |
2022 | 10 | - | 86,622.53 |
2022 | 11 | - | 86,631.91 |
2022 | 12 | - | 87,824.36 |
2023 | 1 | - | 90,588.17 |
2023 | 2 | - | 88,246.08 |
2023 | 3 | - | 91,772.59 |
2023 | 4 | - | 92,449.59 |
2023 | 5 | - | 97,018.62 |
2023 | 6 | - | 100,779.11 |
2023 | 7 | - | 99,773.70 |
2023 | 8 | - | 98,822.28 |
2023 | 9 | - | 95,820.74 |
2023 | 10 | - | 100,230.14 |
2023 | 11 | - | 105,417.30 |
2023 | 12 | - | 108,486.88 |
2024 | 1 | - | 113,042.54 |
2024 | 2 | - | 116,752.73 |
2024 | 3 | - | 115,574.54 |
2024 | 4 | - | 118,483.22 |
2024 | 5 | - | 122,690.07 |
2024 | 6 | - | 125,609.68 |
2024 | 7 | - | 124,390.50 |
2024 | 8 | - | 127,776.54 |
2024 | 9 | - | 131,803.91 |
2024 | 10 | - | 137,602.57 |
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 | $4,815.61 |
Change in price | +4,910.52% +8.14% / yr |
Change incl. dividends | +24,844.44% +11.47% / yr |
Change incl. dividends, inflation-adjusted | +3,822.49% +7.49% / yr |
Final amount, nominal ($500 base) | $124,722.22 |
Final amount, inflation-adjusted ($500 base) | $19,612.45 |