If you invested $6600 in the S&P 500 at the beginning of 1974, you would have about $1,194,338.72 at the end of 2021, assuming you reinvested all dividends. This is a return on investment of 17,996.04%, or 11.44% per year.
This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 3,192.37% cumulatively, or 7.55% per year.
If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $1,317,701.64.
The graph below shows the performance of $6600 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 $6600 is $1,187,738.72, or 17,996.04%. This means by 2021 you would have $1,194,338.72 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 2021 was 270.970.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 47 years.
Adjusted for inflation, the $1,194,338.72 nominal end value of the original $6600 investment would have a real return of roughly $210,696.61 in 1974 dollars. This means the inflation-adjusted return is 3,192.37% as opposed to the original 17,996.04%.
For more information on inflation, see our U.S. inflation calculator for 1974.
The table below shows the full dataset pertaining to a $6600 investment, including gains and losses over the 576-month period between 1974 and 2021.
Note that data shown is the monthly average closing price. Returns include dividends.
Year | Month | Return (%) | Amount ($) | CPI |
---|---|---|---|---|
1974 | 1 | -2.47% | 6,436.79 | 46.60 |
1974 | 2 | 4.57% | 6,731.25 | 47.20 |
1974 | 3 | -4.82% | 6,407.03 | 47.80 |
1974 | 4 | -2.71% | 6,233.68 | 48.00 |
1974 | 5 | 0.46% | 6,262.18 | 48.60 |
1974 | 6 | -11.35% | 5,551.62 | 49.00 |
1974 | 7 | -3.76% | 5,342.61 | 49.40 |
1974 | 8 | -10.01% | 4,807.63 | 50.00 |
1974 | 9 | 2.38% | 4,921.90 | 50.60 |
1974 | 10 | 3.74% | 5,106.15 | 51.10 |
1974 | 11 | -6.09% | 4,795.09 | 51.50 |
1974 | 12 | 8.63% | 5,209.04 | 51.90 |
1975 | 1 | 10.81% | 5,772.01 | 52.10 |
1975 | 2 | 4.97% | 6,059.09 | 52.50 |
1975 | 3 | 1.49% | 6,149.19 | 52.70 |
1975 | 4 | 6.71% | 6,561.96 | 52.90 |
1975 | 5 | 2.89% | 6,751.91 | 53.20 |
1975 | 6 | 0.43% | 6,781.07 | 53.60 |
1975 | 7 | -7.00% | 6,306.65 | 54.20 |
1975 | 8 | -0.85% | 6,252.88 | 54.30 |
1975 | 9 | 4.97% | 6,563.72 | 54.60 |
1975 | 10 | 2.04% | 6,697.74 | 54.90 |
1975 | 11 | -1.18% | 6,618.73 | 55.30 |
1975 | 12 | 9.55% | 7,250.50 | 55.50 |
1976 | 1 | 4.18% | 7,553.44 | 55.60 |
1976 | 2 | 0.80% | 7,614.05 | 55.80 |
1976 | 3 | 1.10% | 7,697.46 | 55.90 |
1976 | 4 | -0.38% | 7,667.95 | 56.10 |
1976 | 5 | 0.90% | 7,737.01 | 56.50 |
1976 | 6 | 2.67% | 7,943.23 | 56.80 |
1976 | 7 | -0.56% | 7,898.70 | 57.10 |
1976 | 8 | 2.44% | 8,091.26 | 57.40 |
1976 | 9 | -3.11% | 7,839.77 | 57.60 |
1976 | 10 | -0.37% | 7,811.02 | 57.90 |
1976 | 11 | 3.79% | 8,106.79 | 58.00 |
1976 | 12 | -0.54% | 8,063.23 | 58.20 |
1977 | 1 | -2.37% | 7,872.25 | 58.50 |
1977 | 2 | -0.05% | 7,867.98 | 59.10 |
1977 | 3 | -1.19% | 7,774.06 | 59.50 |
1977 | 4 | 0.06% | 7,779.08 | 60.00 |
1977 | 5 | 0.90% | 7,849.07 | 60.30 |
1977 | 6 | 1.28% | 7,949.73 | 60.70 |
1977 | 7 | -2.08% | 7,784.49 | 61.00 |
1977 | 8 | -1.18% | 7,692.99 | 61.20 |
1977 | 9 | -2.20% | 7,523.91 | 61.40 |
1977 | 10 | 0.98% | 7,597.73 | 61.60 |
1977 | 11 | -0.08% | 7,591.64 | 61.90 |
1977 | 12 | -3.39% | 7,334.26 | 62.10 |
1978 | 1 | -0.97% | 7,262.97 | 62.50 |
1978 | 2 | 0.27% | 7,282.27 | 62.90 |
1978 | 3 | 4.83% | 7,634.00 | 63.40 |
1978 | 4 | 5.50% | 8,054.20 | 63.90 |
1978 | 5 | 0.67% | 8,108.45 | 64.50 |
1978 | 6 | -0.06% | 8,103.40 | 65.20 |
1978 | 7 | 7.33% | 8,697.23 | 65.70 |
1978 | 8 | 0.40% | 8,731.99 | 66.00 |
1978 | 9 | -2.77% | 8,489.81 | 66.50 |
1978 | 10 | -5.44% | 8,028.16 | 67.10 |
1978 | 11 | 1.92% | 8,182.53 | 67.40 |
1978 | 12 | 4.19% | 8,524.99 | 67.70 |
1979 | 1 | -1.06% | 8,434.89 | 68.30 |
1979 | 2 | 2.34% | 8,632.36 | 69.10 |
1979 | 3 | 2.43% | 8,842.21 | 69.80 |
1979 | 4 | -1.89% | 8,674.82 | 70.60 |
1979 | 5 | 2.42% | 8,884.55 | 71.50 |
1979 | 6 | 1.42% | 9,010.78 | 72.30 |
1979 | 7 | 5.01% | 9,462.61 | 73.10 |
1979 | 8 | 1.54% | 9,608.38 | 73.80 |
1979 | 9 | -3.35% | 9,286.26 | 74.60 |
1979 | 10 | -0.32% | 9,256.31 | 75.20 |
1979 | 11 | 4.40% | 9,663.96 | 75.90 |
1979 | 12 | 3.31% | 9,984.08 | 76.70 |
1980 | 1 | 4.40% | 10,422.96 | 77.80 |
1980 | 2 | -8.78% | 9,508.05 | 78.90 |
1980 | 3 | -1.16% | 9,397.56 | 80.10 |
1980 | 4 | 5.04% | 9,870.84 | 81.00 |
1980 | 5 | 6.86% | 10,548.24 | 81.80 |
1980 | 6 | 4.97% | 11,072.43 | 82.70 |
1980 | 7 | 3.50% | 11,460.49 | 82.70 |
1980 | 8 | 2.84% | 11,785.49 | 83.30 |
1980 | 9 | 3.32% | 12,177.33 | 84.00 |
1980 | 10 | 4.61% | 12,739.27 | 84.80 |
1980 | 11 | -1.24% | 12,580.70 | 85.50 |
1980 | 12 | 0.01% | 12,581.95 | 86.30 |
1981 | 1 | -3.07% | 12,195.66 | 87.00 |
1981 | 2 | 4.14% | 12,700.97 | 87.90 |
1981 | 3 | 1.29% | 12,865.29 | 88.50 |
1981 | 4 | -1.62% | 12,657.23 | 89.10 |
1981 | 5 | 0.86% | 12,765.77 | 89.80 |
1981 | 6 | -2.02% | 12,508.38 | 90.60 |
1981 | 7 | 0.80% | 12,608.77 | 91.60 |
1981 | 8 | -8.30% | 11,561.90 | 92.30 |
1981 | 9 | 1.73% | 11,761.61 | 93.20 |
1981 | 10 | 3.04% | 12,119.60 | 93.40 |
1981 | 11 | 1.18% | 12,262.53 | 93.70 |
1981 | 12 | -4.80% | 11,673.43 | 94.00 |
1982 | 1 | -1.91% | 11,450.01 | 94.30 |
1982 | 2 | -2.74% | 11,135.76 | 94.60 |
1982 | 3 | 5.47% | 11,744.81 | 94.50 |
1982 | 4 | 0.57% | 11,811.71 | 94.90 |
1982 | 5 | -5.27% | 11,189.16 | 95.80 |
1982 | 6 | 0.24% | 11,216.45 | 97.00 |
1982 | 7 | 0.79% | 11,305.50 | 97.50 |
1982 | 8 | 12.10% | 12,673.06 | 97.70 |
1982 | 9 | 8.88% | 13,798.60 | 97.90 |
1982 | 10 | 4.50% | 14,419.53 | 98.20 |
1982 | 11 | 1.36% | 14,614.99 | 98.00 |
1982 | 12 | 3.93% | 15,188.73 | 97.60 |
1983 | 1 | 2.13% | 15,512.26 | 97.80 |
1983 | 2 | 3.87% | 16,111.90 | 97.90 |
1983 | 3 | 4.20% | 16,788.18 | 97.90 |
1983 | 4 | 4.42% | 17,530.89 | 98.60 |
1983 | 5 | 1.75% | 17,838.30 | 99.20 |
1983 | 6 | 0.71% | 17,964.61 | 99.50 |
1983 | 7 | -2.41% | 17,532.17 | 99.90 |
1983 | 8 | 3.31% | 18,113.16 | 100.20 |
1983 | 9 | 0.65% | 18,230.52 | 100.70 |
1983 | 10 | -1.14% | 18,022.43 | 101.00 |
1983 | 11 | -0.13% | 17,999.34 | 101.20 |
1983 | 12 | 1.58% | 18,283.00 | 101.30 |
1984 | 1 | -5.11% | 17,348.34 | 101.90 |
1984 | 2 | 0.44% | 17,425.08 | 102.40 |
1984 | 3 | 0.51% | 17,513.46 | 102.60 |
1984 | 4 | -0.25% | 17,469.23 | 103.10 |
1984 | 5 | -1.85% | 17,146.34 | 103.40 |
1984 | 6 | -0.91% | 16,990.58 | 103.70 |
1984 | 7 | 9.21% | 18,554.82 | 104.10 |
1984 | 8 | 1.41% | 18,815.88 | 104.50 |
1984 | 9 | -0.41% | 18,738.29 | 105.00 |
1984 | 10 | 1.29% | 18,979.24 | 105.30 |
1984 | 11 | -0.71% | 18,844.95 | 105.30 |
1984 | 12 | 4.70% | 19,730.21 | 105.30 |
1985 | 1 | 5.79% | 20,872.07 | 105.50 |
1985 | 2 | -0.48% | 20,772.23 | 106.00 |
1985 | 3 | 1.02% | 20,985.09 | 106.40 |
1985 | 4 | 2.74% | 21,559.16 | 106.90 |
1985 | 5 | 2.51% | 22,100.51 | 107.30 |
1985 | 6 | 2.25% | 22,597.15 | 107.60 |
1985 | 7 | -1.85% | 22,180.17 | 107.80 |
1985 | 8 | -1.88% | 21,762.07 | 108.00 |
1985 | 9 | 1.50% | 22,087.54 | 108.30 |
1985 | 10 | 6.42% | 23,505.67 | 108.70 |
1985 | 11 | 5.29% | 24,750.18 | 109.00 |
1985 | 12 | 0.75% | 24,936.24 | 109.30 |
1986 | 1 | 5.70% | 26,356.92 | 109.60 |
1986 | 2 | 6.18% | 27,986.50 | 109.30 |
1986 | 3 | 2.74% | 28,753.73 | 108.80 |
1986 | 4 | 0.49% | 28,895.15 | 108.60 |
1986 | 5 | 3.13% | 29,800.51 | 108.90 |
1986 | 6 | -1.80% | 29,262.93 | 109.50 |
1986 | 7 | 2.28% | 29,930.38 | 109.50 |
1986 | 8 | -2.46% | 29,195.22 | 109.70 |
1986 | 9 | -0.09% | 29,168.98 | 110.20 |
1986 | 10 | 3.53% | 30,199.50 | 110.30 |
1986 | 11 | 1.71% | 30,715.59 | 110.40 |
1986 | 12 | 6.67% | 32,765.36 | 110.50 |
1987 | 1 | 6.46% | 34,882.62 | 111.20 |
1987 | 2 | 4.38% | 36,409.22 | 111.60 |
1987 | 3 | -0.86% | 36,097.41 | 112.10 |
1987 | 4 | 0.17% | 36,159.80 | 112.70 |
1987 | 5 | 4.50% | 37,786.43 | 113.10 |
1987 | 6 | 3.12% | 38,966.15 | 113.50 |
1987 | 7 | 6.45% | 41,481.03 | 113.80 |
1987 | 8 | -3.03% | 40,223.98 | 114.40 |
1987 | 9 | -11.85% | 35,455.88 | 115.00 |
1987 | 10 | -12.30% | 31,093.59 | 115.30 |
1987 | 11 | -1.33% | 30,678.59 | 115.40 |
1987 | 12 | 4.25% | 31,981.37 | 115.40 |
1988 | 1 | 3.33% | 33,045.89 | 115.70 |
1988 | 2 | 3.23% | 34,113.95 | 116.00 |
1988 | 3 | -0.89% | 33,811.69 | 116.50 |
1988 | 4 | -2.19% | 33,071.80 | 117.10 |
1988 | 5 | 6.00% | 35,055.52 | 117.50 |
1988 | 6 | -0.31% | 34,947.92 | 118.00 |
1988 | 7 | -1.72% | 34,347.35 | 118.50 |
1988 | 8 | 1.93% | 35,009.28 | 119.00 |
1988 | 9 | 3.80% | 36,340.20 | 119.80 |
1988 | 10 | -2.02% | 35,606.04 | 120.20 |
1988 | 11 | 2.33% | 36,434.22 | 120.30 |
1988 | 12 | 3.51% | 37,714.03 | 120.50 |
1989 | 1 | 3.30% | 38,958.53 | 121.10 |
1989 | 2 | -0.16% | 38,895.55 | 121.60 |
1989 | 3 | 3.56% | 40,282.10 | 122.30 |
1989 | 4 | 4.12% | 41,939.83 | 123.10 |
1989 | 5 | 3.39% | 43,362.69 | 123.80 |
1989 | 6 | 2.80% | 44,576.92 | 124.10 |
1989 | 7 | 4.69% | 46,667.92 | 124.40 |
1989 | 8 | 0.46% | 46,880.51 | 124.60 |
1989 | 9 | 0.29% | 47,014.71 | 125.00 |
1989 | 10 | -1.81% | 46,162.07 | 125.60 |
1989 | 11 | 2.74% | 47,425.39 | 125.90 |
1989 | 12 | -2.21% | 46,376.71 | 126.10 |
1990 | 1 | -2.53% | 45,204.68 | 127.40 |
1990 | 2 | 2.71% | 46,428.45 | 128.00 |
1990 | 3 | 0.20% | 46,519.44 | 128.70 |
1990 | 4 | 3.85% | 48,310.87 | 128.90 |
1990 | 5 | 3.17% | 49,842.30 | 129.20 |
1990 | 6 | 0.17% | 49,926.90 | 129.90 |
1990 | 7 | -7.86% | 46,002.03 | 130.40 |
1990 | 8 | -4.34% | 44,005.06 | 131.60 |
1990 | 9 | -2.32% | 42,986.00 | 132.70 |
1990 | 10 | 2.98% | 44,268.62 | 133.50 |
1990 | 11 | 4.59% | 46,299.05 | 133.80 |
1990 | 12 | -0.69% | 45,981.82 | 133.80 |
1991 | 1 | 11.61% | 51,318.83 | 134.60 |
1991 | 2 | 3.04% | 52,881.29 | 134.80 |
1991 | 3 | 2.26% | 54,075.79 | 135.00 |
1991 | 4 | -0.18% | 53,979.06 | 135.20 |
1991 | 5 | 0.35% | 54,166.37 | 135.60 |
1991 | 6 | 0.78% | 54,589.13 | 136.00 |
1991 | 7 | 2.68% | 56,051.54 | 136.20 |
1991 | 8 | -0.30% | 55,881.65 | 136.60 |
1991 | 9 | 0.18% | 55,983.16 | 137.20 |
1991 | 10 | 0.02% | 55,992.00 | 137.40 |
1991 | 11 | 0.94% | 56,515.60 | 137.80 |
1991 | 12 | 7.36% | 60,674.03 | 137.90 |
1992 | 1 | -0.60% | 60,309.48 | 138.10 |
1992 | 2 | -1.01% | 59,698.92 | 138.60 |
1992 | 3 | 0.26% | 59,856.70 | 139.30 |
1992 | 4 | 2.07% | 61,094.75 | 139.50 |
1992 | 5 | -1.33% | 60,282.73 | 139.70 |
1992 | 6 | 1.91% | 61,435.41 | 140.20 |
1992 | 7 | 0.94% | 62,013.96 | 140.50 |
1992 | 8 | 0.38% | 62,248.49 | 140.90 |
1992 | 9 | -1.18% | 61,512.68 | 141.30 |
1992 | 10 | 2.76% | 63,208.52 | 141.80 |
1992 | 11 | 3.27% | 65,276.20 | 142.00 |
1992 | 12 | 0.14% | 65,369.48 | 141.90 |
1993 | 1 | 1.72% | 66,496.61 | 142.60 |
1993 | 2 | 2.15% | 67,926.39 | 143.10 |
1993 | 3 | -1.34% | 67,014.99 | 143.60 |
1993 | 4 | 0.72% | 67,500.66 | 144.00 |
1993 | 5 | 0.87% | 68,084.66 | 144.20 |
1993 | 6 | 0.06% | 68,126.20 | 144.40 |
1993 | 7 | 1.76% | 69,326.90 | 144.40 |
1993 | 8 | 1.35% | 70,266.26 | 144.80 |
1993 | 9 | 1.24% | 71,138.90 | 145.10 |
1993 | 10 | 0.01% | 71,144.27 | 145.70 |
1993 | 11 | 0.89% | 71,775.45 | 145.80 |
1993 | 12 | 1.74% | 73,021.38 | 145.80 |
1994 | 1 | -0.08% | 72,966.10 | 146.20 |
1994 | 2 | -1.42% | 71,927.20 | 146.70 |
1994 | 3 | -3.35% | 69,520.24 | 147.20 |
1994 | 4 | 1.06% | 70,255.94 | 147.40 |
1994 | 5 | 1.11% | 71,034.44 | 147.50 |
1994 | 6 | -0.52% | 70,665.86 | 148.00 |
1994 | 7 | 3.08% | 72,843.83 | 148.40 |
1994 | 8 | 0.82% | 73,439.31 | 149.00 |
1994 | 9 | -0.44% | 73,113.23 | 149.40 |
1994 | 10 | -0.37% | 72,842.80 | 149.50 |
1994 | 11 | -1.03% | 72,095.64 | 149.70 |
1994 | 12 | 2.45% | 73,862.83 | 149.70 |
1995 | 1 | 3.82% | 76,683.72 | 150.30 |
1995 | 2 | 2.56% | 78,645.42 | 150.90 |
1995 | 3 | 3.22% | 81,174.31 | 151.40 |
1995 | 4 | 3.35% | 83,891.83 | 151.90 |
1995 | 5 | 3.18% | 86,558.27 | 152.20 |
1995 | 6 | 3.55% | 89,628.90 | 152.50 |
1995 | 7 | 0.51% | 90,088.81 | 152.50 |
1995 | 8 | 3.72% | 93,438.01 | 152.90 |
1995 | 9 | 0.91% | 94,290.70 | 153.20 |
1995 | 10 | 2.36% | 96,514.43 | 153.70 |
1995 | 11 | 3.39% | 99,785.44 | 153.60 |
1995 | 12 | 0.16% | 99,947.67 | 153.50 |
1996 | 1 | 5.90% | 105,848.98 | 154.40 |
1996 | 2 | -0.20% | 105,636.54 | 154.90 |
1996 | 3 | 0.20% | 105,844.69 | 155.70 |
1996 | 4 | 2.35% | 108,337.15 | 156.30 |
1996 | 5 | 1.28% | 109,722.34 | 156.60 |
1996 | 6 | -3.48% | 105,907.77 | 156.70 |
1996 | 7 | 3.08% | 109,165.23 | 157.00 |
1996 | 8 | 2.02% | 111,374.44 | 157.30 |
1996 | 9 | 4.12% | 115,962.51 | 157.80 |
1996 | 10 | 5.05% | 121,821.03 | 158.30 |
1996 | 11 | 1.20% | 123,280.72 | 158.60 |
1996 | 12 | 3.26% | 127,296.64 | 158.60 |
1997 | 1 | 4.36% | 132,848.25 | 159.10 |
1997 | 2 | -0.62% | 132,019.70 | 159.60 |
1997 | 3 | -3.41% | 127,524.10 | 160.00 |
1997 | 4 | 9.22% | 139,279.06 | 160.20 |
1997 | 5 | 5.34% | 146,712.14 | 160.10 |
1997 | 6 | 5.74% | 155,127.44 | 160.30 |
1997 | 7 | 0.35% | 155,666.95 | 160.50 |
1997 | 8 | 1.19% | 157,522.51 | 160.80 |
1997 | 9 | 1.65% | 160,114.35 | 161.20 |
1997 | 10 | -1.15% | 158,269.76 | 161.60 |
1997 | 11 | 2.63% | 162,439.57 | 161.50 |
1997 | 12 | 0.24% | 162,824.69 | 161.30 |
1998 | 1 | 6.40% | 173,248.99 | 161.60 |
1998 | 2 | 5.31% | 182,453.48 | 161.90 |
1998 | 3 | 3.41% | 188,667.26 | 162.20 |
1998 | 4 | -0.22% | 188,248.68 | 162.50 |
1998 | 5 | 0.12% | 188,467.91 | 162.80 |
1998 | 6 | 4.47% | 196,888.03 | 163.00 |
1998 | 7 | -6.97% | 183,162.95 | 163.20 |
1998 | 8 | -4.90% | 174,190.81 | 163.40 |
1998 | 9 | 1.29% | 176,439.36 | 163.60 |
1998 | 10 | 10.97% | 195,802.49 | 164.00 |
1998 | 11 | 4.10% | 203,838.43 | 164.00 |
1998 | 12 | 5.05% | 214,127.56 | 163.90 |
1999 | 1 | -0.07% | 213,984.71 | 164.30 |
1999 | 2 | 2.92% | 220,240.58 | 164.50 |
1999 | 3 | 4.25% | 229,600.85 | 165.00 |
1999 | 4 | -0.10% | 229,373.93 | 166.20 |
1999 | 5 | -0.61% | 227,970.70 | 166.20 |
1999 | 6 | 4.52% | 238,280.42 | 166.20 |
1999 | 7 | -3.77% | 229,286.79 | 166.70 |
1999 | 8 | -0.60% | 227,915.62 | 167.10 |
1999 | 9 | -1.27% | 225,015.46 | 167.90 |
1999 | 10 | 7.11% | 241,004.95 | 168.20 |
1999 | 11 | 2.81% | 247,774.13 | 168.30 |
1999 | 12 | -0.12% | 247,479.44 | 168.30 |
2000 | 1 | -2.48% | 241,346.71 | 168.80 |
2000 | 2 | 3.94% | 250,858.07 | 169.80 |
2000 | 3 | 1.42% | 254,431.96 | 171.20 |
2000 | 4 | -2.84% | 247,209.16 | 171.30 |
2000 | 5 | 3.16% | 255,029.57 | 171.50 |
2000 | 6 | 0.85% | 257,198.20 | 172.40 |
2000 | 7 | 0.94% | 259,615.12 | 172.80 |
2000 | 8 | -1.08% | 256,812.18 | 172.80 |
2000 | 9 | -5.21% | 243,421.40 | 173.70 |
2000 | 10 | -0.77% | 241,540.82 | 174.00 |
2000 | 11 | -3.32% | 233,521.49 | 174.10 |
2000 | 12 | 0.46% | 234,584.03 | 174.00 |
2001 | 1 | -2.14% | 229,572.71 | 175.10 |
2001 | 2 | -9.08% | 208,727.73 | 175.80 |
2001 | 3 | 0.45% | 209,664.28 | 176.20 |
2001 | 4 | 6.88% | 224,087.78 | 176.90 |
2001 | 5 | -2.39% | 218,735.10 | 177.70 |
2001 | 6 | -2.66% | 212,916.25 | 178.00 |
2001 | 7 | -2.05% | 208,560.33 | 177.50 |
2001 | 8 | -11.25% | 185,102.87 | 177.50 |
2001 | 9 | 3.18% | 190,996.60 | 178.30 |
2001 | 10 | 5.05% | 200,647.94 | 177.70 |
2001 | 11 | 1.47% | 203,589.54 | 177.40 |
2001 | 12 | -0.30% | 202,983.47 | 176.70 |
2002 | 1 | -3.35% | 196,177.91 | 177.10 |
2002 | 2 | 4.95% | 205,879.43 | 177.80 |
2002 | 3 | -3.51% | 198,643.94 | 178.80 |
2002 | 4 | -2.82% | 193,041.44 | 179.80 |
2002 | 5 | -5.92% | 181,611.54 | 179.80 |
2002 | 6 | -10.76% | 162,072.86 | 179.90 |
2002 | 7 | 1.14% | 163,918.54 | 180.10 |
2002 | 8 | -4.76% | 156,119.73 | 180.70 |
2002 | 9 | -1.37% | 153,985.51 | 181.00 |
2002 | 10 | 6.63% | 164,187.94 | 181.30 |
2002 | 11 | -1.04% | 162,488.49 | 181.30 |
2002 | 12 | -0.22% | 162,126.93 | 180.90 |
2003 | 1 | -6.41% | 151,726.75 | 181.70 |
2003 | 2 | 1.31% | 153,711.18 | 183.10 |
2003 | 3 | 5.29% | 161,836.14 | 184.20 |
2003 | 4 | 5.31% | 170,433.22 | 183.80 |
2003 | 5 | 5.70% | 180,155.04 | 183.50 |
2003 | 6 | 0.60% | 181,228.59 | 183.70 |
2003 | 7 | -0.17% | 180,927.16 | 183.90 |
2003 | 8 | 3.16% | 186,646.60 | 184.60 |
2003 | 9 | 2.03% | 190,431.47 | 185.20 |
2003 | 10 | 1.21% | 192,736.81 | 185.00 |
2003 | 11 | 3.06% | 198,641.90 | 184.50 |
2003 | 12 | 4.93% | 208,444.80 | 184.30 |
2004 | 1 | 1.09% | 210,709.89 | 185.20 |
2004 | 2 | -1.57% | 207,411.86 | 186.20 |
2004 | 3 | 0.97% | 209,419.90 | 187.40 |
2004 | 4 | -2.56% | 204,049.84 | 188.00 |
2004 | 5 | 2.86% | 209,880.92 | 189.10 |
2004 | 6 | -2.24% | 205,182.15 | 189.70 |
2004 | 7 | -1.39% | 202,335.11 | 189.40 |
2004 | 8 | 2.78% | 207,965.33 | 189.50 |
2004 | 9 | 0.10% | 208,178.70 | 189.90 |
2004 | 10 | 4.77% | 218,116.93 | 190.90 |
2004 | 11 | 2.73% | 224,065.95 | 191.00 |
2004 | 12 | -1.35% | 221,042.81 | 190.30 |
2005 | 1 | 1.68% | 224,758.99 | 190.70 |
2005 | 2 | -0.26% | 224,184.54 | 191.80 |
2005 | 3 | -2.41% | 218,784.11 | 193.30 |
2005 | 4 | 1.34% | 221,706.79 | 194.60 |
2005 | 5 | 2.18% | 226,541.54 | 194.40 |
2005 | 6 | 1.81% | 230,636.94 | 194.50 |
2005 | 7 | 0.31% | 231,351.96 | 195.40 |
2005 | 8 | 0.28% | 231,999.03 | 196.40 |
2005 | 9 | -2.62% | 225,910.86 | 198.80 |
2005 | 10 | 3.96% | 234,860.42 | 199.20 |
2005 | 11 | 2.14% | 239,896.13 | 197.60 |
2005 | 12 | 1.47% | 243,414.86 | 196.80 |
2006 | 1 | -0.02% | 243,374.35 | 198.30 |
2006 | 2 | 1.49% | 246,991.23 | 198.70 |
2006 | 3 | 0.80% | 248,963.04 | 199.80 |
2006 | 4 | -0.79% | 247,004.61 | 201.50 |
2006 | 5 | -2.71% | 240,321.17 | 202.50 |
2006 | 6 | 0.72% | 242,051.58 | 202.90 |
2006 | 7 | 2.29% | 247,598.82 | 203.50 |
2006 | 8 | 2.53% | 253,865.98 | 203.90 |
2006 | 9 | 3.62% | 263,045.55 | 202.90 |
2006 | 10 | 2.00% | 268,310.78 | 201.80 |
2006 | 11 | 2.15% | 274,074.81 | 201.50 |
2006 | 12 | 0.69% | 275,973.67 | 201.80 |
2007 | 1 | 1.60% | 280,378.35 | 202.42 |
2007 | 2 | -2.47% | 273,442.09 | 203.50 |
2007 | 3 | 4.18% | 284,872.68 | 205.35 |
2007 | 4 | 3.39% | 294,534.86 | 206.69 |
2007 | 5 | 0.34% | 295,550.72 | 207.95 |
2007 | 6 | 0.57% | 297,249.01 | 208.35 |
2007 | 7 | -4.20% | 284,761.26 | 208.30 |
2007 | 8 | 3.07% | 293,516.93 | 207.92 |
2007 | 9 | 2.99% | 302,297.88 | 208.49 |
2007 | 10 | -4.81% | 287,768.51 | 208.94 |
2007 | 11 | 1.24% | 291,331.72 | 210.18 |
2007 | 12 | -6.64% | 272,001.28 | 210.04 |
2008 | 1 | -1.56% | 267,747.28 | 211.08 |
2008 | 2 | -2.63% | 260,714.53 | 211.69 |
2008 | 3 | 4.24% | 271,778.74 | 213.53 |
2008 | 4 | 2.56% | 278,743.36 | 214.82 |
2008 | 5 | -4.25% | 266,906.29 | 216.63 |
2008 | 6 | -6.08% | 250,682.47 | 218.82 |
2008 | 7 | 2.11% | 255,973.21 | 219.96 |
2008 | 8 | -4.85% | 243,564.81 | 219.09 |
2008 | 9 | -20.19% | 194,380.35 | 218.78 |
2008 | 10 | -8.61% | 177,653.24 | 216.57 |
2008 | 11 | -0.35% | 177,029.29 | 212.43 |
2008 | 12 | -1.10% | 175,089.84 | 210.23 |
2009 | 1 | -6.70% | 163,354.43 | 211.14 |
2009 | 2 | -5.69% | 154,063.75 | 212.19 |
2009 | 3 | 12.32% | 173,047.10 | 212.71 |
2009 | 4 | 6.66% | 184,571.73 | 213.24 |
2009 | 5 | 2.87% | 189,866.83 | 213.86 |
2009 | 6 | 1.28% | 192,292.65 | 215.69 |
2009 | 7 | 8.12% | 207,908.25 | 215.35 |
2009 | 8 | 3.65% | 215,497.61 | 215.83 |
2009 | 9 | 2.40% | 220,676.25 | 215.97 |
2009 | 10 | 2.09% | 225,297.93 | 216.18 |
2009 | 11 | 2.23% | 230,312.75 | 216.33 |
2009 | 12 | 1.36% | 233,438.02 | 215.95 |
2010 | 1 | -2.90% | 226,671.88 | 216.69 |
2010 | 2 | 5.94% | 240,143.07 | 216.74 |
2010 | 3 | 4.09% | 249,959.95 | 217.63 |
2010 | 4 | -5.88% | 235,256.31 | 218.01 |
2010 | 5 | -3.54% | 226,919.85 | 218.18 |
2010 | 6 | -0.16% | 226,558.89 | 217.97 |
2010 | 7 | 0.86% | 228,515.48 | 218.01 |
2010 | 8 | 3.37% | 236,219.08 | 218.31 |
2010 | 9 | 4.58% | 247,031.86 | 218.44 |
2010 | 10 | 2.49% | 253,185.22 | 218.71 |
2010 | 11 | 3.71% | 262,587.85 | 218.80 |
2010 | 12 | 3.46% | 271,679.15 | 219.18 |
2011 | 1 | 3.15% | 280,239.39 | 220.22 |
2011 | 2 | -1.11% | 277,121.83 | 221.31 |
2011 | 3 | 2.22% | 283,276.66 | 223.47 |
2011 | 4 | 0.66% | 285,144.12 | 224.91 |
2011 | 5 | -3.66% | 274,700.43 | 225.96 |
2011 | 6 | 3.10% | 283,220.91 | 225.72 |
2011 | 7 | -10.40% | 253,764.10 | 225.92 |
2011 | 8 | -0.79% | 251,761.28 | 226.55 |
2011 | 9 | 3.02% | 259,361.72 | 226.89 |
2011 | 10 | 1.77% | 263,944.96 | 226.42 |
2011 | 11 | 1.55% | 268,048.65 | 226.23 |
2011 | 12 | 4.78% | 280,868.23 | 225.67 |
2012 | 1 | 4.16% | 292,559.67 | 226.67 |
2012 | 2 | 2.88% | 300,996.62 | 227.66 |
2012 | 3 | -0.04% | 300,881.61 | 229.39 |
2012 | 4 | -3.09% | 291,581.50 | 230.09 |
2012 | 5 | -1.15% | 288,221.28 | 229.82 |
2012 | 6 | 2.92% | 296,640.48 | 229.48 |
2012 | 7 | 3.39% | 306,689.77 | 229.10 |
2012 | 8 | 3.02% | 315,955.37 | 230.38 |
2012 | 9 | -0.22% | 315,269.33 | 231.41 |
2012 | 10 | -2.84% | 306,323.58 | 231.32 |
2012 | 11 | 2.18% | 312,987.75 | 230.22 |
2012 | 12 | 4.27% | 326,348.46 | 229.60 |
2013 | 1 | 2.33% | 333,962.24 | 230.28 |
2013 | 2 | 2.72% | 343,054.20 | 232.17 |
2013 | 3 | 1.45% | 348,041.50 | 232.77 |
2013 | 4 | 4.57% | 363,961.85 | 232.53 |
2013 | 5 | -1.12% | 359,893.58 | 232.95 |
2013 | 6 | 3.25% | 371,606.23 | 233.50 |
2013 | 7 | 0.25% | 372,544.64 | 233.60 |
2013 | 8 | 1.19% | 376,987.12 | 233.88 |
2013 | 9 | 2.12% | 384,970.01 | 234.15 |
2013 | 10 | 3.86% | 399,829.83 | 233.55 |
2013 | 11 | 1.52% | 405,913.88 | 233.07 |
2013 | 12 | 0.97% | 409,842.35 | 233.05 |
2014 | 1 | -0.13% | 409,309.41 | 233.92 |
2014 | 2 | 2.72% | 420,451.91 | 234.78 |
2014 | 3 | 0.20% | 421,300.06 | 236.29 |
2014 | 4 | 1.53% | 427,754.53 | 237.07 |
2014 | 5 | 3.20% | 441,426.92 | 237.90 |
2014 | 6 | 1.50% | 448,029.88 | 238.34 |
2014 | 7 | -0.43% | 446,117.02 | 238.25 |
2014 | 8 | 1.78% | 454,049.13 | 237.85 |
2014 | 9 | -2.65% | 442,032.34 | 238.03 |
2014 | 10 | 5.71% | 467,253.17 | 237.43 |
2014 | 11 | 0.63% | 470,215.03 | 236.15 |
2014 | 12 | -1.11% | 464,995.42 | 234.81 |
2015 | 1 | 2.83% | 478,142.70 | 233.71 |
2015 | 2 | 0.06% | 478,407.41 | 234.72 |
2015 | 3 | 0.88% | 482,609.79 | 236.12 |
2015 | 4 | 0.98% | 487,334.08 | 236.60 |
2015 | 5 | -0.44% | 485,211.74 | 237.81 |
2015 | 6 | -0.08% | 484,825.36 | 238.64 |
2015 | 7 | -2.42% | 473,071.27 | 238.65 |
2015 | 8 | -4.51% | 451,749.49 | 238.32 |
2015 | 9 | 4.32% | 471,252.06 | 237.95 |
2015 | 10 | 2.93% | 485,071.38 | 237.84 |
2015 | 11 | -1.10% | 479,721.19 | 237.34 |
2015 | 12 | -6.42% | 448,924.91 | 236.53 |
2016 | 1 | -0.55% | 446,456.23 | 236.92 |
2016 | 2 | 6.36% | 474,863.02 | 237.11 |
2016 | 3 | 2.83% | 488,307.63 | 238.13 |
2016 | 4 | -0.30% | 486,821.39 | 239.26 |
2016 | 5 | 1.07% | 492,013.29 | 240.23 |
2016 | 6 | 3.30% | 508,237.13 | 241.02 |
2016 | 7 | 1.20% | 514,332.20 | 240.63 |
2016 | 8 | -0.44% | 512,075.97 | 240.85 |
2016 | 9 | -0.51% | 509,484.96 | 241.43 |
2016 | 10 | 1.20% | 515,604.70 | 241.73 |
2016 | 11 | 3.95% | 535,950.27 | 241.35 |
2016 | 12 | 1.44% | 543,655.28 | 241.43 |
2017 | 1 | 2.58% | 557,662.26 | 242.84 |
2017 | 2 | 1.75% | 567,417.21 | 243.60 |
2017 | 3 | -0.15% | 566,543.36 | 243.80 |
2017 | 4 | 1.69% | 576,131.39 | 244.52 |
2017 | 5 | 1.78% | 586,365.95 | 244.73 |
2017 | 6 | 0.99% | 592,158.56 | 244.96 |
2017 | 7 | 0.25% | 593,625.96 | 244.79 |
2017 | 8 | 1.65% | 603,440.16 | 245.52 |
2017 | 9 | 2.73% | 619,943.04 | 246.82 |
2017 | 10 | 1.59% | 629,797.46 | 246.66 |
2017 | 11 | 2.88% | 647,957.58 | 246.67 |
2017 | 12 | 4.86% | 679,460.62 | 246.52 |
2018 | 1 | -2.89% | 659,846.73 | 247.87 |
2018 | 2 | 0.06% | 660,272.84 | 248.99 |
2018 | 3 | -1.66% | 649,286.09 | 249.55 |
2018 | 4 | 1.96% | 662,022.62 | 250.55 |
2018 | 5 | 2.11% | 676,010.96 | 251.59 |
2018 | 6 | 1.58% | 686,696.95 | 251.99 |
2018 | 7 | 2.45% | 703,526.55 | 252.01 |
2018 | 8 | 1.68% | 715,344.02 | 252.15 |
2018 | 9 | -3.85% | 687,810.53 | 252.44 |
2018 | 10 | -2.08% | 673,530.84 | 252.89 |
2018 | 11 | -5.56% | 636,065.60 | 252.04 |
2018 | 12 | 1.74% | 647,105.39 | 251.23 |
2019 | 1 | 5.83% | 684,824.53 | 251.71 |
2019 | 2 | 1.95% | 698,165.06 | 252.78 |
2019 | 3 | 3.72% | 724,159.28 | 254.20 |
2019 | 4 | -1.53% | 713,066.69 | 255.55 |
2019 | 5 | 1.40% | 723,083.49 | 256.09 |
2019 | 6 | 3.83% | 750,758.38 | 256.14 |
2019 | 7 | -3.13% | 727,226.51 | 256.57 |
2019 | 8 | 3.09% | 749,663.10 | 256.56 |
2019 | 9 | 0.01% | 749,736.59 | 256.76 |
2019 | 10 | 4.43% | 782,977.60 | 257.35 |
2019 | 11 | 2.47% | 802,311.82 | 257.21 |
2019 | 12 | 3.35% | 829,160.36 | 256.97 |
2020 | 1 | 0.12% | 830,172.58 | 257.97 |
2020 | 2 | -18.92% | 673,122.94 | 258.68 |
2020 | 3 | 4.32% | 702,192.53 | 258.12 |
2020 | 4 | 5.89% | 743,533.17 | 256.39 |
2020 | 5 | 6.51% | 791,924.33 | 256.39 |
2020 | 6 | 3.48% | 819,455.06 | 257.80 |
2020 | 7 | 5.89% | 867,749.69 | 259.10 |
2020 | 8 | -0.63% | 862,308.87 | 259.92 |
2020 | 9 | 1.73% | 877,192.34 | 260.28 |
2020 | 10 | 3.95% | 911,877.54 | 260.39 |
2020 | 11 | 4.26% | 950,724.26 | 260.23 |
2020 | 12 | 2.80% | 977,299.85 | 260.47 |
2021 | 1 | 2.49% | 1,001,649.56 | 261.58 |
2021 | 2 | 0.82% | 1,009,876.68 | 263.01 |
2021 | 3 | 6.02% | 1,070,686.27 | 264.88 |
2021 | 4 | 0.76% | 1,078,825.96 | 267.05 |
2021 | 5 | 1.81% | 1,098,357.27 | 269.20 |
2021 | 6 | 3.07% | 1,132,057.09 | 271.70 |
2021 | 7 | 2.19% | 1,156,794.37 | 273.00 |
2021 | 8 | -0.08% | 1,155,816.89 | 273.57 |
2021 | 9 | 0.45% | 1,161,043.22 | 274.31 |
2021 | 10 | 4.74% | 1,216,131.75 | 276.59 |
2021 | 11 | 0.27% | 1,219,359.40 | 277.95 |
2021 | 12 | -2.05% | 1,194,338.72 | 278.80 |
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 $6,600.00 up-front. Instead, the capital is invested over a period of time.
Consider a strategy in which $6,600.00 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 $1,317,701.64, including dividend reinvestments. In this particular case, dollar-cost average returns are greater than the returns of a lump-sum investment (which ends with $1,194,338.72).
Year | Month | Contribution ($) | Amount ($) |
---|---|---|---|
1974 | 1 | 275.00 | 267.39 |
1974 | 2 | 275.00 | 566.36 |
1974 | 3 | 275.00 | 800.03 |
1974 | 4 | 275.00 | 1,045.08 |
1974 | 5 | 275.00 | 1,325.23 |
1974 | 6 | 275.00 | 1,417.76 |
1974 | 7 | 275.00 | 1,628.01 |
1974 | 8 | 275.00 | 1,711.38 |
1974 | 9 | 275.00 | 2,032.39 |
1974 | 10 | 275.00 | 2,392.58 |
1974 | 11 | 275.00 | 2,503.92 |
1974 | 12 | 275.00 | 3,017.59 |
1975 | 1 | 275.00 | 3,647.30 |
1975 | 2 | 275.00 | 4,116.33 |
1975 | 3 | 275.00 | 4,455.63 |
1975 | 4 | 275.00 | 5,047.18 |
1975 | 5 | 275.00 | 5,475.30 |
1975 | 6 | 275.00 | 5,774.22 |
1975 | 7 | 275.00 | 5,625.08 |
1975 | 8 | 275.00 | 5,848.78 |
1975 | 9 | 275.00 | 6,427.21 |
1975 | 10 | 275.00 | 6,838.09 |
1975 | 11 | 275.00 | 7,028.24 |
1975 | 12 | 275.00 | 7,999.41 |
1976 | 1 | - | 8,333.63 |
1976 | 2 | - | 8,400.50 |
1976 | 3 | - | 8,492.52 |
1976 | 4 | - | 8,459.98 |
1976 | 5 | - | 8,536.16 |
1976 | 6 | - | 8,763.68 |
1976 | 7 | - | 8,714.55 |
1976 | 8 | - | 8,927.00 |
1976 | 9 | - | 8,649.53 |
1976 | 10 | - | 8,617.82 |
1976 | 11 | - | 8,944.13 |
1976 | 12 | - | 8,896.08 |
1977 | 1 | - | 8,685.37 |
1977 | 2 | - | 8,680.66 |
1977 | 3 | - | 8,577.04 |
1977 | 4 | - | 8,582.58 |
1977 | 5 | - | 8,659.80 |
1977 | 6 | - | 8,770.86 |
1977 | 7 | - | 8,588.54 |
1977 | 8 | - | 8,487.60 |
1977 | 9 | - | 8,301.05 |
1977 | 10 | - | 8,382.50 |
1977 | 11 | - | 8,375.78 |
1977 | 12 | - | 8,091.81 |
1978 | 1 | - | 8,013.16 |
1978 | 2 | - | 8,034.45 |
1978 | 3 | - | 8,422.51 |
1978 | 4 | - | 8,886.11 |
1978 | 5 | - | 8,945.97 |
1978 | 6 | - | 8,940.40 |
1978 | 7 | - | 9,595.56 |
1978 | 8 | - | 9,633.91 |
1978 | 9 | - | 9,366.72 |
1978 | 10 | - | 8,857.39 |
1978 | 11 | - | 9,027.70 |
1978 | 12 | - | 9,405.54 |
1979 | 1 | - | 9,306.12 |
1979 | 2 | - | 9,524.00 |
1979 | 3 | - | 9,755.51 |
1979 | 4 | - | 9,570.84 |
1979 | 5 | - | 9,802.23 |
1979 | 6 | - | 9,941.50 |
1979 | 7 | - | 10,440.00 |
1979 | 8 | - | 10,600.83 |
1979 | 9 | - | 10,245.43 |
1979 | 10 | - | 10,212.40 |
1979 | 11 | - | 10,662.15 |
1979 | 12 | - | 11,015.33 |
1980 | 1 | - | 11,499.55 |
1980 | 2 | - | 10,490.14 |
1980 | 3 | - | 10,368.24 |
1980 | 4 | - | 10,890.40 |
1980 | 5 | - | 11,637.77 |
1980 | 6 | - | 12,216.10 |
1980 | 7 | - | 12,644.24 |
1980 | 8 | - | 13,002.80 |
1980 | 9 | - | 13,435.12 |
1980 | 10 | - | 14,055.11 |
1980 | 11 | - | 13,880.15 |
1980 | 12 | - | 13,881.54 |
1981 | 1 | - | 13,455.35 |
1981 | 2 | - | 14,012.85 |
1981 | 3 | - | 14,194.14 |
1981 | 4 | - | 13,964.59 |
1981 | 5 | - | 14,084.35 |
1981 | 6 | - | 13,800.37 |
1981 | 7 | - | 13,911.13 |
1981 | 8 | - | 12,756.13 |
1981 | 9 | - | 12,976.46 |
1981 | 10 | - | 13,371.43 |
1981 | 11 | - | 13,529.13 |
1981 | 12 | - | 12,879.17 |
1982 | 1 | - | 12,632.68 |
1982 | 2 | - | 12,285.97 |
1982 | 3 | - | 12,957.93 |
1982 | 4 | - | 13,031.74 |
1982 | 5 | - | 12,344.89 |
1982 | 6 | - | 12,374.99 |
1982 | 7 | - | 12,473.24 |
1982 | 8 | - | 13,982.06 |
1982 | 9 | - | 15,223.86 |
1982 | 10 | - | 15,908.92 |
1982 | 11 | - | 16,124.56 |
1982 | 12 | - | 16,757.57 |
1983 | 1 | - | 17,114.51 |
1983 | 2 | - | 17,776.09 |
1983 | 3 | - | 18,522.23 |
1983 | 4 | - | 19,341.65 |
1983 | 5 | - | 19,680.81 |
1983 | 6 | - | 19,820.17 |
1983 | 7 | - | 19,343.07 |
1983 | 8 | - | 19,984.06 |
1983 | 9 | - | 20,113.55 |
1983 | 10 | - | 19,883.96 |
1983 | 11 | - | 19,858.49 |
1983 | 12 | - | 20,171.44 |
1984 | 1 | - | 19,140.24 |
1984 | 2 | - | 19,224.91 |
1984 | 3 | - | 19,322.42 |
1984 | 4 | - | 19,273.62 |
1984 | 5 | - | 18,917.38 |
1984 | 6 | - | 18,745.53 |
1984 | 7 | - | 20,471.35 |
1984 | 8 | - | 20,759.37 |
1984 | 9 | - | 20,673.76 |
1984 | 10 | - | 20,939.60 |
1984 | 11 | - | 20,791.44 |
1984 | 12 | - | 21,768.14 |
1985 | 1 | - | 23,027.94 |
1985 | 2 | - | 22,917.79 |
1985 | 3 | - | 23,152.63 |
1985 | 4 | - | 23,786.00 |
1985 | 5 | - | 24,383.26 |
1985 | 6 | - | 24,931.21 |
1985 | 7 | - | 24,471.15 |
1985 | 8 | - | 24,009.87 |
1985 | 9 | - | 24,368.95 |
1985 | 10 | - | 25,933.57 |
1985 | 11 | - | 27,306.62 |
1985 | 12 | - | 27,511.89 |
1986 | 1 | - | 29,079.31 |
1986 | 2 | - | 30,877.22 |
1986 | 3 | - | 31,723.70 |
1986 | 4 | - | 31,879.72 |
1986 | 5 | - | 32,878.59 |
1986 | 6 | - | 32,285.49 |
1986 | 7 | - | 33,021.88 |
1986 | 8 | - | 32,210.78 |
1986 | 9 | - | 32,181.83 |
1986 | 10 | - | 33,318.80 |
1986 | 11 | - | 33,888.20 |
1986 | 12 | - | 36,149.68 |
1987 | 1 | - | 38,485.63 |
1987 | 2 | - | 40,169.92 |
1987 | 3 | - | 39,825.90 |
1987 | 4 | - | 39,894.73 |
1987 | 5 | - | 41,689.37 |
1987 | 6 | - | 42,990.96 |
1987 | 7 | - | 45,765.60 |
1987 | 8 | - | 44,378.71 |
1987 | 9 | - | 39,118.10 |
1987 | 10 | - | 34,305.24 |
1987 | 11 | - | 33,847.37 |
1987 | 12 | - | 35,284.72 |
1988 | 1 | - | 36,459.19 |
1988 | 2 | - | 37,637.57 |
1988 | 3 | - | 37,304.09 |
1988 | 4 | - | 36,487.78 |
1988 | 5 | - | 38,676.39 |
1988 | 6 | - | 38,557.69 |
1988 | 7 | - | 37,895.08 |
1988 | 8 | - | 38,625.38 |
1988 | 9 | - | 40,093.77 |
1988 | 10 | - | 39,283.78 |
1988 | 11 | - | 40,197.50 |
1988 | 12 | - | 41,609.50 |
1989 | 1 | - | 42,982.55 |
1989 | 2 | - | 42,913.06 |
1989 | 3 | - | 44,442.83 |
1989 | 4 | - | 46,271.79 |
1989 | 5 | - | 47,841.61 |
1989 | 6 | - | 49,181.26 |
1989 | 7 | - | 51,488.23 |
1989 | 8 | - | 51,722.78 |
1989 | 9 | - | 51,870.84 |
1989 | 10 | - | 50,930.14 |
1989 | 11 | - | 52,323.95 |
1989 | 12 | - | 51,166.94 |
1990 | 1 | - | 49,873.86 |
1990 | 2 | - | 51,224.03 |
1990 | 3 | - | 51,324.42 |
1990 | 4 | - | 53,300.89 |
1990 | 5 | - | 54,990.50 |
1990 | 6 | - | 55,083.83 |
1990 | 7 | - | 50,753.57 |
1990 | 8 | - | 48,550.33 |
1990 | 9 | - | 47,426.01 |
1990 | 10 | - | 48,841.12 |
1990 | 11 | - | 51,081.27 |
1990 | 12 | - | 50,731.27 |
1991 | 1 | - | 56,619.54 |
1991 | 2 | - | 58,343.39 |
1991 | 3 | - | 59,661.26 |
1991 | 4 | - | 59,554.54 |
1991 | 5 | - | 59,761.20 |
1991 | 6 | - | 60,227.63 |
1991 | 7 | - | 61,841.09 |
1991 | 8 | - | 61,653.65 |
1991 | 9 | - | 61,765.64 |
1991 | 10 | - | 61,775.40 |
1991 | 11 | - | 62,353.08 |
1991 | 12 | - | 66,941.04 |
1992 | 1 | - | 66,538.83 |
1992 | 2 | - | 65,865.20 |
1992 | 3 | - | 66,039.29 |
1992 | 4 | - | 67,405.21 |
1992 | 5 | - | 66,509.31 |
1992 | 6 | - | 67,781.06 |
1992 | 7 | - | 68,419.37 |
1992 | 8 | - | 68,678.12 |
1992 | 9 | - | 67,866.31 |
1992 | 10 | - | 69,737.31 |
1992 | 11 | - | 72,018.56 |
1992 | 12 | - | 72,121.47 |
1993 | 1 | - | 73,365.02 |
1993 | 2 | - | 74,942.48 |
1993 | 3 | - | 73,936.95 |
1993 | 4 | - | 74,472.78 |
1993 | 5 | - | 75,117.11 |
1993 | 6 | - | 75,162.93 |
1993 | 7 | - | 76,487.66 |
1993 | 8 | - | 77,524.04 |
1993 | 9 | - | 78,486.82 |
1993 | 10 | - | 78,492.74 |
1993 | 11 | - | 79,189.11 |
1993 | 12 | - | 80,563.74 |
1994 | 1 | - | 80,502.75 |
1994 | 2 | - | 79,356.54 |
1994 | 3 | - | 76,700.97 |
1994 | 4 | - | 77,512.65 |
1994 | 5 | - | 78,371.56 |
1994 | 6 | - | 77,964.91 |
1994 | 7 | - | 80,367.85 |
1994 | 8 | - | 81,024.83 |
1994 | 9 | - | 80,665.08 |
1994 | 10 | - | 80,366.71 |
1994 | 11 | - | 79,542.38 |
1994 | 12 | - | 81,492.10 |
1995 | 1 | - | 84,604.36 |
1995 | 2 | - | 86,768.69 |
1995 | 3 | - | 89,558.78 |
1995 | 4 | - | 92,556.99 |
1995 | 5 | - | 95,498.85 |
1995 | 6 | - | 98,886.65 |
1995 | 7 | - | 99,394.06 |
1995 | 8 | - | 103,089.20 |
1995 | 9 | - | 104,029.96 |
1995 | 10 | - | 106,483.38 |
1995 | 11 | - | 110,092.25 |
1995 | 12 | - | 110,271.24 |
1996 | 1 | - | 116,782.09 |
1996 | 2 | - | 116,547.71 |
1996 | 3 | - | 116,777.36 |
1996 | 4 | - | 119,527.26 |
1996 | 5 | - | 121,055.53 |
1996 | 6 | - | 116,846.95 |
1996 | 7 | - | 120,440.88 |
1996 | 8 | - | 122,878.27 |
1996 | 9 | - | 127,940.24 |
1996 | 10 | - | 134,403.89 |
1996 | 11 | - | 136,014.35 |
1996 | 12 | - | 140,445.07 |
1997 | 1 | - | 146,570.11 |
1997 | 2 | - | 145,655.98 |
1997 | 3 | - | 140,696.03 |
1997 | 4 | - | 153,665.15 |
1997 | 5 | - | 161,865.99 |
1997 | 6 | - | 171,150.50 |
1997 | 7 | - | 171,745.75 |
1997 | 8 | - | 173,792.97 |
1997 | 9 | - | 176,652.52 |
1997 | 10 | - | 174,617.40 |
1997 | 11 | - | 179,217.90 |
1997 | 12 | - | 179,642.81 |
1998 | 1 | - | 191,143.83 |
1998 | 2 | - | 201,299.05 |
1998 | 3 | - | 208,154.64 |
1998 | 4 | - | 207,692.84 |
1998 | 5 | - | 207,934.71 |
1998 | 6 | - | 217,224.54 |
1998 | 7 | - | 202,081.80 |
1998 | 8 | - | 192,182.93 |
1998 | 9 | - | 194,663.73 |
1998 | 10 | - | 216,026.88 |
1998 | 11 | - | 224,892.85 |
1998 | 12 | - | 236,244.73 |
1999 | 1 | - | 236,087.14 |
1999 | 2 | - | 242,989.17 |
1999 | 3 | - | 253,316.26 |
1999 | 4 | - | 253,065.90 |
1999 | 5 | - | 251,517.73 |
1999 | 6 | - | 262,892.33 |
1999 | 7 | - | 252,969.76 |
1999 | 8 | - | 251,456.96 |
1999 | 9 | - | 248,257.24 |
1999 | 10 | - | 265,898.28 |
1999 | 11 | - | 273,366.65 |
1999 | 12 | - | 273,041.52 |
2000 | 1 | - | 266,275.34 |
2000 | 2 | - | 276,769.13 |
2000 | 3 | - | 280,712.17 |
2000 | 4 | - | 272,743.33 |
2000 | 5 | - | 281,371.51 |
2000 | 6 | - | 283,764.13 |
2000 | 7 | - | 286,430.69 |
2000 | 8 | - | 283,338.24 |
2000 | 9 | - | 268,564.33 |
2000 | 10 | - | 266,489.50 |
2000 | 11 | - | 257,641.85 |
2000 | 12 | - | 258,814.14 |
2001 | 1 | - | 253,285.21 |
2001 | 2 | - | 230,287.16 |
2001 | 3 | - | 231,320.44 |
2001 | 4 | - | 247,233.74 |
2001 | 5 | - | 241,328.19 |
2001 | 6 | - | 234,908.31 |
2001 | 7 | - | 230,102.46 |
2001 | 8 | - | 204,222.09 |
2001 | 9 | - | 210,724.59 |
2001 | 10 | - | 221,372.81 |
2001 | 11 | - | 224,618.24 |
2001 | 12 | - | 223,949.58 |
2002 | 1 | - | 216,441.07 |
2002 | 2 | - | 227,144.66 |
2002 | 3 | - | 219,161.82 |
2002 | 4 | - | 212,980.64 |
2002 | 5 | - | 200,370.15 |
2002 | 6 | - | 178,813.33 |
2002 | 7 | - | 180,849.64 |
2002 | 8 | - | 172,245.30 |
2002 | 9 | - | 169,890.63 |
2002 | 10 | - | 181,146.87 |
2002 | 11 | - | 179,271.88 |
2002 | 12 | - | 178,872.97 |
2003 | 1 | - | 167,398.56 |
2003 | 2 | - | 169,587.97 |
2003 | 3 | - | 178,552.15 |
2003 | 4 | - | 188,037.22 |
2003 | 5 | - | 198,763.21 |
2003 | 6 | - | 199,947.64 |
2003 | 7 | - | 199,615.08 |
2003 | 8 | - | 205,925.27 |
2003 | 9 | - | 210,101.08 |
2003 | 10 | - | 212,644.54 |
2003 | 11 | - | 219,159.56 |
2003 | 12 | - | 229,975.00 |
2004 | 1 | - | 232,474.05 |
2004 | 2 | - | 228,835.38 |
2004 | 3 | - | 231,050.82 |
2004 | 4 | - | 225,126.09 |
2004 | 5 | - | 231,559.47 |
2004 | 6 | - | 226,375.36 |
2004 | 7 | - | 223,234.24 |
2004 | 8 | - | 229,446.01 |
2004 | 9 | - | 229,681.41 |
2004 | 10 | - | 240,646.17 |
2004 | 11 | - | 247,209.66 |
2004 | 12 | - | 243,874.26 |
2005 | 1 | - | 247,974.29 |
2005 | 2 | - | 247,340.50 |
2005 | 3 | - | 241,382.26 |
2005 | 4 | - | 244,606.82 |
2005 | 5 | - | 249,940.95 |
2005 | 6 | - | 254,459.36 |
2005 | 7 | - | 255,248.23 |
2005 | 8 | - | 255,962.14 |
2005 | 9 | - | 249,245.13 |
2005 | 10 | - | 259,119.08 |
2005 | 11 | - | 264,674.93 |
2005 | 12 | - | 268,557.11 |
2006 | 1 | - | 268,512.42 |
2006 | 2 | - | 272,502.88 |
2006 | 3 | - | 274,678.36 |
2006 | 4 | - | 272,517.64 |
2006 | 5 | - | 265,143.88 |
2006 | 6 | - | 267,053.02 |
2006 | 7 | - | 273,173.24 |
2006 | 8 | - | 280,087.72 |
2006 | 9 | - | 290,215.45 |
2006 | 10 | - | 296,024.53 |
2006 | 11 | - | 302,383.92 |
2006 | 12 | - | 304,478.92 |
2007 | 1 | - | 309,338.55 |
2007 | 2 | - | 301,685.85 |
2007 | 3 | - | 314,297.10 |
2007 | 4 | - | 324,957.28 |
2007 | 5 | - | 326,078.07 |
2007 | 6 | - | 327,951.77 |
2007 | 7 | - | 314,174.17 |
2007 | 8 | - | 323,834.22 |
2007 | 9 | - | 333,522.15 |
2007 | 10 | - | 317,492.04 |
2007 | 11 | - | 321,423.29 |
2007 | 12 | - | 300,096.22 |
2008 | 1 | - | 295,402.82 |
2008 | 2 | - | 287,643.66 |
2008 | 3 | - | 299,850.69 |
2008 | 4 | - | 307,534.68 |
2008 | 5 | - | 294,474.97 |
2008 | 6 | - | 276,575.39 |
2008 | 7 | - | 282,412.61 |
2008 | 8 | - | 268,722.56 |
2008 | 9 | - | 214,457.84 |
2008 | 10 | - | 196,003.00 |
2008 | 11 | - | 195,314.60 |
2008 | 12 | - | 193,174.82 |
2009 | 1 | - | 180,227.26 |
2009 | 2 | - | 169,976.95 |
2009 | 3 | - | 190,921.09 |
2009 | 4 | - | 203,636.09 |
2009 | 5 | - | 209,478.13 |
2009 | 6 | - | 212,154.51 |
2009 | 7 | - | 229,383.03 |
2009 | 8 | - | 237,756.30 |
2009 | 9 | - | 243,469.84 |
2009 | 10 | - | 248,568.90 |
2009 | 11 | - | 254,101.68 |
2009 | 12 | - | 257,549.76 |
2010 | 1 | - | 250,084.75 |
2010 | 2 | - | 264,947.38 |
2010 | 3 | - | 275,778.24 |
2010 | 4 | - | 259,555.87 |
2010 | 5 | - | 250,358.34 |
2010 | 6 | - | 249,960.09 |
2010 | 7 | - | 252,118.77 |
2010 | 8 | - | 260,618.09 |
2010 | 9 | - | 272,547.72 |
2010 | 10 | - | 279,336.65 |
2010 | 11 | - | 289,710.47 |
2010 | 12 | - | 299,740.81 |
2011 | 1 | - | 309,185.23 |
2011 | 2 | - | 305,745.67 |
2011 | 3 | - | 312,536.23 |
2011 | 4 | - | 314,596.57 |
2011 | 5 | - | 303,074.16 |
2011 | 6 | - | 312,474.72 |
2011 | 7 | - | 279,975.33 |
2011 | 8 | - | 277,765.64 |
2011 | 9 | - | 286,151.12 |
2011 | 10 | - | 291,207.76 |
2011 | 11 | - | 295,735.32 |
2011 | 12 | - | 309,879.03 |
2012 | 1 | - | 322,778.08 |
2012 | 2 | - | 332,086.47 |
2012 | 3 | - | 331,959.58 |
2012 | 4 | - | 321,698.87 |
2012 | 5 | - | 317,991.58 |
2012 | 6 | - | 327,280.39 |
2012 | 7 | - | 338,367.67 |
2012 | 8 | - | 348,590.32 |
2012 | 9 | - | 347,833.41 |
2012 | 10 | - | 337,963.65 |
2012 | 11 | - | 345,316.17 |
2012 | 12 | - | 360,056.90 |
2013 | 1 | - | 368,457.10 |
2013 | 2 | - | 378,488.18 |
2013 | 3 | - | 383,990.61 |
2013 | 4 | - | 401,555.37 |
2013 | 5 | - | 397,066.89 |
2013 | 6 | - | 409,989.34 |
2013 | 7 | - | 411,024.68 |
2013 | 8 | - | 415,926.01 |
2013 | 9 | - | 424,733.45 |
2013 | 10 | - | 441,128.14 |
2013 | 11 | - | 447,840.62 |
2013 | 12 | - | 452,174.85 |
2014 | 1 | - | 451,586.86 |
2014 | 2 | - | 463,880.27 |
2014 | 3 | - | 464,816.03 |
2014 | 4 | - | 471,937.17 |
2014 | 5 | - | 487,021.79 |
2014 | 6 | - | 494,306.77 |
2014 | 7 | - | 492,196.32 |
2014 | 8 | - | 500,947.74 |
2014 | 9 | - | 487,689.73 |
2014 | 10 | - | 515,515.61 |
2014 | 11 | - | 518,783.40 |
2014 | 12 | - | 513,024.67 |
2015 | 1 | - | 527,529.92 |
2015 | 2 | - | 527,821.98 |
2015 | 3 | - | 532,458.42 |
2015 | 4 | - | 537,670.68 |
2015 | 5 | - | 535,329.12 |
2015 | 6 | - | 534,902.84 |
2015 | 7 | - | 521,934.67 |
2015 | 8 | - | 498,410.57 |
2015 | 9 | - | 519,927.55 |
2015 | 10 | - | 535,174.27 |
2015 | 11 | - | 529,271.46 |
2015 | 12 | - | 495,294.23 |
2016 | 1 | - | 492,570.57 |
2016 | 2 | - | 523,911.49 |
2016 | 3 | - | 538,744.79 |
2016 | 4 | - | 537,105.03 |
2016 | 5 | - | 542,833.21 |
2016 | 6 | - | 560,732.80 |
2016 | 7 | - | 567,457.43 |
2016 | 8 | - | 564,968.16 |
2016 | 9 | - | 562,109.52 |
2016 | 10 | - | 568,861.36 |
2016 | 11 | - | 591,308.43 |
2016 | 12 | - | 599,809.28 |
2017 | 1 | - | 615,263.04 |
2017 | 2 | - | 626,025.57 |
2017 | 3 | - | 625,061.47 |
2017 | 4 | - | 635,639.84 |
2017 | 5 | - | 646,931.52 |
2017 | 6 | - | 653,322.46 |
2017 | 7 | - | 654,941.42 |
2017 | 8 | - | 665,769.33 |
2017 | 9 | - | 683,976.78 |
2017 | 10 | - | 694,849.06 |
2017 | 11 | - | 714,884.94 |
2017 | 12 | - | 749,641.92 |
2018 | 1 | - | 728,002.11 |
2018 | 2 | - | 728,472.24 |
2018 | 3 | - | 716,350.67 |
2018 | 4 | - | 730,402.75 |
2018 | 5 | - | 745,835.94 |
2018 | 6 | - | 757,625.68 |
2018 | 7 | - | 776,193.61 |
2018 | 8 | - | 789,231.71 |
2018 | 9 | - | 758,854.29 |
2018 | 10 | - | 743,099.65 |
2018 | 11 | - | 701,764.64 |
2018 | 12 | - | 713,944.72 |
2019 | 1 | - | 755,559.87 |
2019 | 2 | - | 770,278.34 |
2019 | 3 | - | 798,957.49 |
2019 | 4 | - | 786,719.15 |
2019 | 5 | - | 797,770.58 |
2019 | 6 | - | 828,304.01 |
2019 | 7 | - | 802,341.53 |
2019 | 8 | - | 827,095.59 |
2019 | 9 | - | 827,176.67 |
2019 | 10 | - | 863,851.14 |
2019 | 11 | - | 885,182.38 |
2019 | 12 | - | 914,804.11 |
2020 | 1 | - | 915,920.87 |
2020 | 2 | - | 742,649.63 |
2020 | 3 | - | 774,721.80 |
2020 | 4 | - | 820,332.50 |
2020 | 5 | - | 873,721.97 |
2020 | 6 | - | 904,096.35 |
2020 | 7 | - | 957,379.31 |
2020 | 8 | - | 951,376.52 |
2020 | 9 | - | 967,797.29 |
2020 | 10 | - | 1,006,065.12 |
2020 | 11 | - | 1,048,924.30 |
2020 | 12 | - | 1,078,244.88 |
2021 | 1 | - | 1,105,109.66 |
2021 | 2 | - | 1,114,186.56 |
2021 | 3 | - | 1,181,277.15 |
2021 | 4 | - | 1,190,257.59 |
2021 | 5 | - | 1,211,806.29 |
2021 | 6 | - | 1,248,986.95 |
2021 | 7 | - | 1,276,279.33 |
2021 | 8 | - | 1,275,200.89 |
2021 | 9 | - | 1,280,967.05 |
2021 | 10 | - | 1,341,745.65 |
2021 | 11 | - | 1,345,306.70 |
2021 | 12 | - | 1,317,701.64 |
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 | $3,793.75 |
Change in price | +3,847.30% +8.13% / yr |
Change incl. dividends | +17,996.04% +11.44% / yr |
Change incl. dividends, inflation-adjusted | +3,192.37% +7.55% / yr |
Final amount, nominal ($6600 base) | $1,194,338.72 |
Final amount, inflation-adjusted ($6600 base) | $217,296.61 |