If you invested $100 in the S&P 500 at the beginning of 1976, you would have about $20,596.25 at the end of 2024, assuming you reinvested all dividends. This is a return on investment of 20,496.25%, or 11.63% per year.
This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 3,616.85% cumulatively, or 7.75% per year.
If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $19,158.28.
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 $20,496.25, or 20,496.25%. This means by 2024 you would have $20,596.25 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 1976 was 56.900 and the CPI in 2024 was 315.301.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 48 years.
Adjusted for inflation, the $20,596.25 nominal end value of the original $100 investment would have a real return of roughly $3,616.85 in 1976 dollars. This means the inflation-adjusted return is 3,616.85% as opposed to the original 20,496.25%.
For more information on inflation, see our U.S. inflation calculator for 1976.
The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 581-month period between 1976 and 2024.
Note that data shown is the monthly average closing price. Returns include dividends.
Year | Month | Return (%) | Amount ($) | CPI |
---|---|---|---|---|
1976 | 1 | 4.18% | 104.18 | 55.60 |
1976 | 2 | 0.80% | 105.01 | 55.80 |
1976 | 3 | 1.10% | 106.16 | 55.90 |
1976 | 4 | -0.38% | 105.76 | 56.10 |
1976 | 5 | 0.90% | 106.71 | 56.50 |
1976 | 6 | 2.67% | 109.55 | 56.80 |
1976 | 7 | -0.56% | 108.94 | 57.10 |
1976 | 8 | 2.44% | 111.60 | 57.40 |
1976 | 9 | -3.11% | 108.13 | 57.60 |
1976 | 10 | -0.37% | 107.73 | 57.90 |
1976 | 11 | 3.79% | 111.81 | 58.00 |
1976 | 12 | -0.54% | 111.21 | 58.20 |
1977 | 1 | -2.37% | 108.58 | 58.50 |
1977 | 2 | -0.05% | 108.52 | 59.10 |
1977 | 3 | -1.19% | 107.22 | 59.50 |
1977 | 4 | 0.06% | 107.29 | 60.00 |
1977 | 5 | 0.90% | 108.26 | 60.30 |
1977 | 6 | 1.28% | 109.64 | 60.70 |
1977 | 7 | -2.08% | 107.36 | 61.00 |
1977 | 8 | -1.18% | 106.10 | 61.20 |
1977 | 9 | -2.20% | 103.77 | 61.40 |
1977 | 10 | 0.98% | 104.79 | 61.60 |
1977 | 11 | -0.08% | 104.71 | 61.90 |
1977 | 12 | -3.39% | 101.16 | 62.10 |
1978 | 1 | -0.97% | 100.17 | 62.50 |
1978 | 2 | 0.27% | 100.44 | 62.90 |
1978 | 3 | 4.83% | 105.29 | 63.40 |
1978 | 4 | 5.50% | 111.08 | 63.90 |
1978 | 5 | 0.67% | 111.83 | 64.50 |
1978 | 6 | -0.06% | 111.76 | 65.20 |
1978 | 7 | 7.33% | 119.95 | 65.70 |
1978 | 8 | 0.40% | 120.43 | 66.00 |
1978 | 9 | -2.77% | 117.09 | 66.50 |
1978 | 10 | -5.44% | 110.73 | 67.10 |
1978 | 11 | 1.92% | 112.85 | 67.40 |
1978 | 12 | 4.19% | 117.58 | 67.70 |
1979 | 1 | -1.06% | 116.34 | 68.30 |
1979 | 2 | 2.34% | 119.06 | 69.10 |
1979 | 3 | 2.43% | 121.95 | 69.80 |
1979 | 4 | -1.89% | 119.64 | 70.60 |
1979 | 5 | 2.42% | 122.54 | 71.50 |
1979 | 6 | 1.42% | 124.28 | 72.30 |
1979 | 7 | 5.01% | 130.51 | 73.10 |
1979 | 8 | 1.54% | 132.52 | 73.80 |
1979 | 9 | -3.35% | 128.08 | 74.60 |
1979 | 10 | -0.32% | 127.66 | 75.20 |
1979 | 11 | 4.40% | 133.29 | 75.90 |
1979 | 12 | 3.31% | 137.70 | 76.70 |
1980 | 1 | 4.40% | 143.76 | 77.80 |
1980 | 2 | -8.78% | 131.14 | 78.90 |
1980 | 3 | -1.16% | 129.61 | 80.10 |
1980 | 4 | 5.04% | 136.14 | 81.00 |
1980 | 5 | 6.86% | 145.48 | 81.80 |
1980 | 6 | 4.97% | 152.71 | 82.70 |
1980 | 7 | 3.50% | 158.06 | 82.70 |
1980 | 8 | 2.84% | 162.55 | 83.30 |
1980 | 9 | 3.32% | 167.95 | 84.00 |
1980 | 10 | 4.61% | 175.70 | 84.80 |
1980 | 11 | -1.24% | 173.51 | 85.50 |
1980 | 12 | 0.01% | 173.53 | 86.30 |
1981 | 1 | -3.07% | 168.20 | 87.00 |
1981 | 2 | 4.14% | 175.17 | 87.90 |
1981 | 3 | 1.29% | 177.44 | 88.50 |
1981 | 4 | -1.62% | 174.57 | 89.10 |
1981 | 5 | 0.86% | 176.07 | 89.80 |
1981 | 6 | -2.02% | 172.52 | 90.60 |
1981 | 7 | 0.80% | 173.90 | 91.60 |
1981 | 8 | -8.30% | 159.46 | 92.30 |
1981 | 9 | 1.73% | 162.22 | 93.20 |
1981 | 10 | 3.04% | 167.16 | 93.40 |
1981 | 11 | 1.18% | 169.13 | 93.70 |
1981 | 12 | -4.80% | 161.00 | 94.00 |
1982 | 1 | -1.91% | 157.92 | 94.30 |
1982 | 2 | -2.74% | 153.59 | 94.60 |
1982 | 3 | 5.47% | 161.99 | 94.50 |
1982 | 4 | 0.57% | 162.91 | 94.90 |
1982 | 5 | -5.27% | 154.32 | 95.80 |
1982 | 6 | 0.24% | 154.70 | 97.00 |
1982 | 7 | 0.79% | 155.93 | 97.50 |
1982 | 8 | 12.10% | 174.79 | 97.70 |
1982 | 9 | 8.88% | 190.31 | 97.90 |
1982 | 10 | 4.50% | 198.88 | 98.20 |
1982 | 11 | 1.36% | 201.57 | 98.00 |
1982 | 12 | 3.93% | 209.49 | 97.60 |
1983 | 1 | 2.13% | 213.95 | 97.80 |
1983 | 2 | 3.87% | 222.22 | 97.90 |
1983 | 3 | 4.20% | 231.55 | 97.90 |
1983 | 4 | 4.42% | 241.79 | 98.60 |
1983 | 5 | 1.75% | 246.03 | 99.20 |
1983 | 6 | 0.71% | 247.77 | 99.50 |
1983 | 7 | -2.41% | 241.81 | 99.90 |
1983 | 8 | 3.31% | 249.82 | 100.20 |
1983 | 9 | 0.65% | 251.44 | 100.70 |
1983 | 10 | -1.14% | 248.57 | 101.00 |
1983 | 11 | -0.13% | 248.25 | 101.20 |
1983 | 12 | 1.58% | 252.16 | 101.30 |
1984 | 1 | -5.11% | 239.27 | 101.90 |
1984 | 2 | 0.44% | 240.33 | 102.40 |
1984 | 3 | 0.51% | 241.55 | 102.60 |
1984 | 4 | -0.25% | 240.94 | 103.10 |
1984 | 5 | -1.85% | 236.48 | 103.40 |
1984 | 6 | -0.91% | 234.34 | 103.70 |
1984 | 7 | 9.21% | 255.91 | 104.10 |
1984 | 8 | 1.41% | 259.51 | 104.50 |
1984 | 9 | -0.41% | 258.44 | 105.00 |
1984 | 10 | 1.29% | 261.76 | 105.30 |
1984 | 11 | -0.71% | 259.91 | 105.30 |
1984 | 12 | 4.70% | 272.12 | 105.30 |
1985 | 1 | 5.79% | 287.87 | 105.50 |
1985 | 2 | -0.48% | 286.49 | 106.00 |
1985 | 3 | 1.02% | 289.43 | 106.40 |
1985 | 4 | 2.74% | 297.35 | 106.90 |
1985 | 5 | 2.51% | 304.81 | 107.30 |
1985 | 6 | 2.25% | 311.66 | 107.60 |
1985 | 7 | -1.85% | 305.91 | 107.80 |
1985 | 8 | -1.88% | 300.15 | 108.00 |
1985 | 9 | 1.50% | 304.63 | 108.30 |
1985 | 10 | 6.42% | 324.19 | 108.70 |
1985 | 11 | 5.29% | 341.36 | 109.00 |
1985 | 12 | 0.75% | 343.92 | 109.30 |
1986 | 1 | 5.70% | 363.52 | 109.60 |
1986 | 2 | 6.18% | 385.99 | 109.30 |
1986 | 3 | 2.74% | 396.58 | 108.80 |
1986 | 4 | 0.49% | 398.53 | 108.60 |
1986 | 5 | 3.13% | 411.01 | 108.90 |
1986 | 6 | -1.80% | 403.60 | 109.50 |
1986 | 7 | 2.28% | 412.80 | 109.50 |
1986 | 8 | -2.46% | 402.66 | 109.70 |
1986 | 9 | -0.09% | 402.30 | 110.20 |
1986 | 10 | 3.53% | 416.52 | 110.30 |
1986 | 11 | 1.71% | 423.63 | 110.40 |
1986 | 12 | 6.67% | 451.90 | 110.50 |
1987 | 1 | 6.46% | 481.11 | 111.20 |
1987 | 2 | 4.38% | 502.16 | 111.60 |
1987 | 3 | -0.86% | 497.86 | 112.10 |
1987 | 4 | 0.17% | 498.72 | 112.70 |
1987 | 5 | 4.50% | 521.16 | 113.10 |
1987 | 6 | 3.12% | 537.43 | 113.50 |
1987 | 7 | 6.45% | 572.11 | 113.80 |
1987 | 8 | -3.03% | 554.78 | 114.40 |
1987 | 9 | -11.85% | 489.01 | 115.00 |
1987 | 10 | -12.30% | 428.85 | 115.30 |
1987 | 11 | -1.33% | 423.12 | 115.40 |
1987 | 12 | 4.25% | 441.09 | 115.40 |
1988 | 1 | 3.33% | 455.77 | 115.70 |
1988 | 2 | 3.23% | 470.50 | 116.00 |
1988 | 3 | -0.89% | 466.34 | 116.50 |
1988 | 4 | -2.19% | 456.13 | 117.10 |
1988 | 5 | 6.00% | 483.49 | 117.50 |
1988 | 6 | -0.31% | 482.01 | 118.00 |
1988 | 7 | -1.72% | 473.72 | 118.50 |
1988 | 8 | 1.93% | 482.85 | 119.00 |
1988 | 9 | 3.80% | 501.21 | 119.80 |
1988 | 10 | -2.02% | 491.08 | 120.20 |
1988 | 11 | 2.33% | 502.51 | 120.30 |
1988 | 12 | 3.51% | 520.16 | 120.50 |
1989 | 1 | 3.30% | 537.32 | 121.10 |
1989 | 2 | -0.16% | 536.45 | 121.60 |
1989 | 3 | 3.56% | 555.58 | 122.30 |
1989 | 4 | 4.12% | 578.44 | 123.10 |
1989 | 5 | 3.39% | 598.06 | 123.80 |
1989 | 6 | 2.80% | 614.81 | 124.10 |
1989 | 7 | 4.69% | 643.65 | 124.40 |
1989 | 8 | 0.46% | 646.58 | 124.60 |
1989 | 9 | 0.29% | 648.43 | 125.00 |
1989 | 10 | -1.81% | 636.67 | 125.60 |
1989 | 11 | 2.74% | 654.10 | 125.90 |
1989 | 12 | -2.21% | 639.63 | 126.10 |
1990 | 1 | -2.53% | 623.47 | 127.40 |
1990 | 2 | 2.71% | 640.35 | 128.00 |
1990 | 3 | 0.20% | 641.60 | 128.70 |
1990 | 4 | 3.85% | 666.31 | 128.90 |
1990 | 5 | 3.17% | 687.43 | 129.20 |
1990 | 6 | 0.17% | 688.60 | 129.90 |
1990 | 7 | -7.86% | 634.47 | 130.40 |
1990 | 8 | -4.34% | 606.92 | 131.60 |
1990 | 9 | -2.32% | 592.87 | 132.70 |
1990 | 10 | 2.98% | 610.56 | 133.50 |
1990 | 11 | 4.59% | 638.56 | 133.80 |
1990 | 12 | -0.69% | 634.19 | 133.80 |
1991 | 1 | 11.61% | 707.80 | 134.60 |
1991 | 2 | 3.04% | 729.35 | 134.80 |
1991 | 3 | 2.26% | 745.82 | 135.00 |
1991 | 4 | -0.18% | 744.49 | 135.20 |
1991 | 5 | 0.35% | 747.07 | 135.60 |
1991 | 6 | 0.78% | 752.90 | 136.00 |
1991 | 7 | 2.68% | 773.07 | 136.20 |
1991 | 8 | -0.30% | 770.73 | 136.60 |
1991 | 9 | 0.18% | 772.13 | 137.20 |
1991 | 10 | 0.02% | 772.25 | 137.40 |
1991 | 11 | 0.94% | 779.47 | 137.80 |
1991 | 12 | 7.36% | 836.83 | 137.90 |
1992 | 1 | -0.60% | 831.80 | 138.10 |
1992 | 2 | -1.01% | 823.38 | 138.60 |
1992 | 3 | 0.26% | 825.55 | 139.30 |
1992 | 4 | 2.07% | 842.63 | 139.50 |
1992 | 5 | -1.33% | 831.43 | 139.70 |
1992 | 6 | 1.91% | 847.33 | 140.20 |
1992 | 7 | 0.94% | 855.31 | 140.50 |
1992 | 8 | 0.38% | 858.54 | 140.90 |
1992 | 9 | -1.18% | 848.39 | 141.30 |
1992 | 10 | 2.76% | 871.78 | 141.80 |
1992 | 11 | 3.27% | 900.30 | 142.00 |
1992 | 12 | 0.14% | 901.59 | 141.90 |
1993 | 1 | 1.72% | 917.13 | 142.60 |
1993 | 2 | 2.15% | 936.85 | 143.10 |
1993 | 3 | -1.34% | 924.28 | 143.60 |
1993 | 4 | 0.72% | 930.98 | 144.00 |
1993 | 5 | 0.87% | 939.03 | 144.20 |
1993 | 6 | 0.06% | 939.61 | 144.40 |
1993 | 7 | 1.76% | 956.17 | 144.40 |
1993 | 8 | 1.35% | 969.12 | 144.80 |
1993 | 9 | 1.24% | 981.16 | 145.10 |
1993 | 10 | 0.01% | 981.23 | 145.70 |
1993 | 11 | 0.89% | 989.94 | 145.80 |
1993 | 12 | 1.74% | 1,007.12 | 145.80 |
1994 | 1 | -0.08% | 1,006.36 | 146.20 |
1994 | 2 | -1.42% | 992.03 | 146.70 |
1994 | 3 | -3.35% | 958.83 | 147.20 |
1994 | 4 | 1.06% | 968.98 | 147.40 |
1994 | 5 | 1.11% | 979.72 | 147.50 |
1994 | 6 | -0.52% | 974.63 | 148.00 |
1994 | 7 | 3.08% | 1,004.67 | 148.40 |
1994 | 8 | 0.82% | 1,012.89 | 149.00 |
1994 | 9 | -0.44% | 1,008.39 | 149.40 |
1994 | 10 | -0.37% | 1,004.66 | 149.50 |
1994 | 11 | -1.03% | 994.35 | 149.70 |
1994 | 12 | 2.45% | 1,018.73 | 149.70 |
1995 | 1 | 3.82% | 1,057.63 | 150.30 |
1995 | 2 | 2.56% | 1,084.69 | 150.90 |
1995 | 3 | 3.22% | 1,119.57 | 151.40 |
1995 | 4 | 3.35% | 1,157.05 | 151.90 |
1995 | 5 | 3.18% | 1,193.82 | 152.20 |
1995 | 6 | 3.55% | 1,236.17 | 152.50 |
1995 | 7 | 0.51% | 1,242.52 | 152.50 |
1995 | 8 | 3.72% | 1,288.71 | 152.90 |
1995 | 9 | 0.91% | 1,300.47 | 153.20 |
1995 | 10 | 2.36% | 1,331.14 | 153.70 |
1995 | 11 | 3.39% | 1,376.26 | 153.60 |
1995 | 12 | 0.16% | 1,378.49 | 153.50 |
1996 | 1 | 5.90% | 1,459.88 | 154.40 |
1996 | 2 | -0.20% | 1,456.95 | 154.90 |
1996 | 3 | 0.20% | 1,459.83 | 155.70 |
1996 | 4 | 2.35% | 1,494.20 | 156.30 |
1996 | 5 | 1.28% | 1,513.31 | 156.60 |
1996 | 6 | -3.48% | 1,460.70 | 156.70 |
1996 | 7 | 3.08% | 1,505.62 | 157.00 |
1996 | 8 | 2.02% | 1,536.09 | 157.30 |
1996 | 9 | 4.12% | 1,599.37 | 157.80 |
1996 | 10 | 5.05% | 1,680.17 | 158.30 |
1996 | 11 | 1.20% | 1,700.31 | 158.60 |
1996 | 12 | 3.26% | 1,755.69 | 158.60 |
1997 | 1 | 4.36% | 1,832.26 | 159.10 |
1997 | 2 | -0.62% | 1,820.83 | 159.60 |
1997 | 3 | -3.41% | 1,758.83 | 160.00 |
1997 | 4 | 9.22% | 1,920.96 | 160.20 |
1997 | 5 | 5.34% | 2,023.48 | 160.10 |
1997 | 6 | 5.74% | 2,139.54 | 160.30 |
1997 | 7 | 0.35% | 2,146.98 | 160.50 |
1997 | 8 | 1.19% | 2,172.57 | 160.80 |
1997 | 9 | 1.65% | 2,208.32 | 161.20 |
1997 | 10 | -1.15% | 2,182.88 | 161.60 |
1997 | 11 | 2.63% | 2,240.39 | 161.50 |
1997 | 12 | 0.24% | 2,245.70 | 161.30 |
1998 | 1 | 6.40% | 2,389.48 | 161.60 |
1998 | 2 | 5.31% | 2,516.43 | 161.90 |
1998 | 3 | 3.41% | 2,602.13 | 162.20 |
1998 | 4 | -0.22% | 2,596.35 | 162.50 |
1998 | 5 | 0.12% | 2,599.38 | 162.80 |
1998 | 6 | 4.47% | 2,715.51 | 163.00 |
1998 | 7 | -6.97% | 2,526.21 | 163.20 |
1998 | 8 | -4.90% | 2,402.47 | 163.40 |
1998 | 9 | 1.29% | 2,433.48 | 163.60 |
1998 | 10 | 10.97% | 2,700.54 | 164.00 |
1998 | 11 | 4.10% | 2,811.37 | 164.00 |
1998 | 12 | 5.05% | 2,953.28 | 163.90 |
1999 | 1 | -0.07% | 2,951.31 | 164.30 |
1999 | 2 | 2.92% | 3,037.59 | 164.50 |
1999 | 3 | 4.25% | 3,166.69 | 165.00 |
1999 | 4 | -0.10% | 3,163.56 | 166.20 |
1999 | 5 | -0.61% | 3,144.21 | 166.20 |
1999 | 6 | 4.52% | 3,286.40 | 166.20 |
1999 | 7 | -3.77% | 3,162.36 | 166.70 |
1999 | 8 | -0.60% | 3,143.45 | 167.10 |
1999 | 9 | -1.27% | 3,103.45 | 167.90 |
1999 | 10 | 7.11% | 3,323.98 | 168.20 |
1999 | 11 | 2.81% | 3,417.34 | 168.30 |
1999 | 12 | -0.12% | 3,413.27 | 168.30 |
2000 | 1 | -2.48% | 3,328.69 | 168.80 |
2000 | 2 | 3.94% | 3,459.87 | 169.80 |
2000 | 3 | 1.42% | 3,509.16 | 171.20 |
2000 | 4 | -2.84% | 3,409.54 | 171.30 |
2000 | 5 | 3.16% | 3,517.41 | 171.50 |
2000 | 6 | 0.85% | 3,547.32 | 172.40 |
2000 | 7 | 0.94% | 3,580.65 | 172.80 |
2000 | 8 | -1.08% | 3,541.99 | 172.80 |
2000 | 9 | -5.21% | 3,357.30 | 173.70 |
2000 | 10 | -0.77% | 3,331.37 | 174.00 |
2000 | 11 | -3.32% | 3,220.76 | 174.10 |
2000 | 12 | 0.46% | 3,235.42 | 174.00 |
2001 | 1 | -2.14% | 3,166.30 | 175.10 |
2001 | 2 | -9.08% | 2,878.80 | 175.80 |
2001 | 3 | 0.45% | 2,891.72 | 176.20 |
2001 | 4 | 6.88% | 3,090.65 | 176.90 |
2001 | 5 | -2.39% | 3,016.83 | 177.70 |
2001 | 6 | -2.66% | 2,936.57 | 178.00 |
2001 | 7 | -2.05% | 2,876.49 | 177.50 |
2001 | 8 | -11.25% | 2,552.97 | 177.50 |
2001 | 9 | 3.18% | 2,634.25 | 178.30 |
2001 | 10 | 5.05% | 2,767.37 | 177.70 |
2001 | 11 | 1.47% | 2,807.94 | 177.40 |
2001 | 12 | -0.30% | 2,799.58 | 176.70 |
2002 | 1 | -3.35% | 2,705.71 | 177.10 |
2002 | 2 | 4.95% | 2,839.52 | 177.80 |
2002 | 3 | -3.51% | 2,739.73 | 178.80 |
2002 | 4 | -2.82% | 2,662.46 | 179.80 |
2002 | 5 | -5.92% | 2,504.81 | 179.80 |
2002 | 6 | -10.76% | 2,235.33 | 179.90 |
2002 | 7 | 1.14% | 2,260.79 | 180.10 |
2002 | 8 | -4.76% | 2,153.23 | 180.70 |
2002 | 9 | -1.37% | 2,123.79 | 181.00 |
2002 | 10 | 6.63% | 2,264.50 | 181.30 |
2002 | 11 | -1.04% | 2,241.07 | 181.30 |
2002 | 12 | -0.22% | 2,236.08 | 180.90 |
2003 | 1 | -6.41% | 2,092.64 | 181.70 |
2003 | 2 | 1.31% | 2,120.01 | 183.10 |
2003 | 3 | 5.29% | 2,232.07 | 184.20 |
2003 | 4 | 5.31% | 2,350.64 | 183.80 |
2003 | 5 | 5.70% | 2,484.72 | 183.50 |
2003 | 6 | 0.60% | 2,499.53 | 183.70 |
2003 | 7 | -0.17% | 2,495.37 | 183.90 |
2003 | 8 | 3.16% | 2,574.26 | 184.60 |
2003 | 9 | 2.03% | 2,626.46 | 185.20 |
2003 | 10 | 1.21% | 2,658.25 | 185.00 |
2003 | 11 | 3.06% | 2,739.70 | 184.50 |
2003 | 12 | 4.93% | 2,874.90 | 184.30 |
2004 | 1 | 1.09% | 2,906.14 | 185.20 |
2004 | 2 | -1.57% | 2,860.65 | 186.20 |
2004 | 3 | 0.97% | 2,888.35 | 187.40 |
2004 | 4 | -2.56% | 2,814.29 | 188.00 |
2004 | 5 | 2.86% | 2,894.71 | 189.10 |
2004 | 6 | -2.24% | 2,829.90 | 189.70 |
2004 | 7 | -1.39% | 2,790.64 | 189.40 |
2004 | 8 | 2.78% | 2,868.29 | 189.50 |
2004 | 9 | 0.10% | 2,871.23 | 189.90 |
2004 | 10 | 4.77% | 3,008.30 | 190.90 |
2004 | 11 | 2.73% | 3,090.35 | 191.00 |
2004 | 12 | -1.35% | 3,048.65 | 190.30 |
2005 | 1 | 1.68% | 3,099.91 | 190.70 |
2005 | 2 | -0.26% | 3,091.99 | 191.80 |
2005 | 3 | -2.41% | 3,017.50 | 193.30 |
2005 | 4 | 1.34% | 3,057.81 | 194.60 |
2005 | 5 | 2.18% | 3,124.49 | 194.40 |
2005 | 6 | 1.81% | 3,180.98 | 194.50 |
2005 | 7 | 0.31% | 3,190.84 | 195.40 |
2005 | 8 | 0.28% | 3,199.76 | 196.40 |
2005 | 9 | -2.62% | 3,115.80 | 198.80 |
2005 | 10 | 3.96% | 3,239.23 | 199.20 |
2005 | 11 | 2.14% | 3,308.68 | 197.60 |
2005 | 12 | 1.47% | 3,357.21 | 196.80 |
2006 | 1 | -0.02% | 3,356.65 | 198.30 |
2006 | 2 | 1.49% | 3,406.54 | 198.70 |
2006 | 3 | 0.80% | 3,433.73 | 199.80 |
2006 | 4 | -0.79% | 3,406.72 | 201.50 |
2006 | 5 | -2.71% | 3,314.54 | 202.50 |
2006 | 6 | 0.72% | 3,338.41 | 202.90 |
2006 | 7 | 2.29% | 3,414.92 | 203.50 |
2006 | 8 | 2.53% | 3,501.36 | 203.90 |
2006 | 9 | 3.62% | 3,627.96 | 202.90 |
2006 | 10 | 2.00% | 3,700.58 | 201.80 |
2006 | 11 | 2.15% | 3,780.08 | 201.50 |
2006 | 12 | 0.69% | 3,806.27 | 201.80 |
2007 | 1 | 1.60% | 3,867.02 | 202.42 |
2007 | 2 | -2.47% | 3,771.35 | 203.50 |
2007 | 3 | 4.18% | 3,929.01 | 205.35 |
2007 | 4 | 3.39% | 4,062.27 | 206.69 |
2007 | 5 | 0.34% | 4,076.28 | 207.95 |
2007 | 6 | 0.57% | 4,099.70 | 208.35 |
2007 | 7 | -4.20% | 3,927.47 | 208.30 |
2007 | 8 | 3.07% | 4,048.23 | 207.92 |
2007 | 9 | 2.99% | 4,169.34 | 208.49 |
2007 | 10 | -4.81% | 3,968.95 | 208.94 |
2007 | 11 | 1.24% | 4,018.09 | 210.18 |
2007 | 12 | -6.64% | 3,751.48 | 210.04 |
2008 | 1 | -1.56% | 3,692.81 | 211.08 |
2008 | 2 | -2.63% | 3,595.81 | 211.69 |
2008 | 3 | 4.24% | 3,748.41 | 213.53 |
2008 | 4 | 2.56% | 3,844.47 | 214.82 |
2008 | 5 | -4.25% | 3,681.21 | 216.63 |
2008 | 6 | -6.08% | 3,457.45 | 218.82 |
2008 | 7 | 2.11% | 3,530.42 | 219.96 |
2008 | 8 | -4.85% | 3,359.28 | 219.09 |
2008 | 9 | -20.19% | 2,680.92 | 218.78 |
2008 | 10 | -8.61% | 2,450.22 | 216.57 |
2008 | 11 | -0.35% | 2,441.61 | 212.43 |
2008 | 12 | -1.10% | 2,414.86 | 210.23 |
2009 | 1 | -6.70% | 2,253.01 | 211.14 |
2009 | 2 | -5.69% | 2,124.87 | 212.19 |
2009 | 3 | 12.32% | 2,386.69 | 212.71 |
2009 | 4 | 6.66% | 2,545.64 | 213.24 |
2009 | 5 | 2.87% | 2,618.67 | 213.86 |
2009 | 6 | 1.28% | 2,652.13 | 215.69 |
2009 | 7 | 8.12% | 2,867.50 | 215.35 |
2009 | 8 | 3.65% | 2,972.17 | 215.83 |
2009 | 9 | 2.40% | 3,043.60 | 215.97 |
2009 | 10 | 2.09% | 3,107.34 | 216.18 |
2009 | 11 | 2.23% | 3,176.51 | 216.33 |
2009 | 12 | 1.36% | 3,219.61 | 215.95 |
2010 | 1 | -2.90% | 3,126.29 | 216.69 |
2010 | 2 | 5.94% | 3,312.09 | 216.74 |
2010 | 3 | 4.09% | 3,447.48 | 217.63 |
2010 | 4 | -5.88% | 3,244.69 | 218.01 |
2010 | 5 | -3.54% | 3,129.71 | 218.18 |
2010 | 6 | -0.16% | 3,124.73 | 217.97 |
2010 | 7 | 0.86% | 3,151.72 | 218.01 |
2010 | 8 | 3.37% | 3,257.97 | 218.31 |
2010 | 9 | 4.58% | 3,407.10 | 218.44 |
2010 | 10 | 2.49% | 3,491.97 | 218.71 |
2010 | 11 | 3.71% | 3,621.65 | 218.80 |
2010 | 12 | 3.46% | 3,747.04 | 219.18 |
2011 | 1 | 3.15% | 3,865.10 | 220.22 |
2011 | 2 | -1.11% | 3,822.10 | 221.31 |
2011 | 3 | 2.22% | 3,906.99 | 223.47 |
2011 | 4 | 0.66% | 3,932.75 | 224.91 |
2011 | 5 | -3.66% | 3,788.71 | 225.96 |
2011 | 6 | 3.10% | 3,906.22 | 225.72 |
2011 | 7 | -10.40% | 3,499.95 | 225.92 |
2011 | 8 | -0.79% | 3,472.33 | 226.55 |
2011 | 9 | 3.02% | 3,577.15 | 226.89 |
2011 | 10 | 1.77% | 3,640.37 | 226.42 |
2011 | 11 | 1.55% | 3,696.97 | 226.23 |
2011 | 12 | 4.78% | 3,873.78 | 225.67 |
2012 | 1 | 4.16% | 4,035.03 | 226.67 |
2012 | 2 | 2.88% | 4,151.39 | 227.66 |
2012 | 3 | -0.04% | 4,149.80 | 229.39 |
2012 | 4 | -3.09% | 4,021.53 | 230.09 |
2012 | 5 | -1.15% | 3,975.19 | 229.82 |
2012 | 6 | 2.92% | 4,091.31 | 229.48 |
2012 | 7 | 3.39% | 4,229.91 | 229.10 |
2012 | 8 | 3.02% | 4,357.70 | 230.38 |
2012 | 9 | -0.22% | 4,348.24 | 231.41 |
2012 | 10 | -2.84% | 4,224.86 | 231.32 |
2012 | 11 | 2.18% | 4,316.77 | 230.22 |
2012 | 12 | 4.27% | 4,501.05 | 229.60 |
2013 | 1 | 2.33% | 4,606.06 | 230.28 |
2013 | 2 | 2.72% | 4,731.45 | 232.17 |
2013 | 3 | 1.45% | 4,800.24 | 232.77 |
2013 | 4 | 4.57% | 5,019.82 | 232.53 |
2013 | 5 | -1.12% | 4,963.70 | 232.95 |
2013 | 6 | 3.25% | 5,125.25 | 233.50 |
2013 | 7 | 0.25% | 5,138.19 | 233.60 |
2013 | 8 | 1.19% | 5,199.46 | 233.88 |
2013 | 9 | 2.12% | 5,309.56 | 234.15 |
2013 | 10 | 3.86% | 5,514.51 | 233.55 |
2013 | 11 | 1.52% | 5,598.42 | 233.07 |
2013 | 12 | 0.97% | 5,652.61 | 233.05 |
2014 | 1 | -0.13% | 5,645.26 | 233.92 |
2014 | 2 | 2.72% | 5,798.93 | 234.78 |
2014 | 3 | 0.20% | 5,810.63 | 236.29 |
2014 | 4 | 1.53% | 5,899.65 | 237.07 |
2014 | 5 | 3.20% | 6,088.22 | 237.90 |
2014 | 6 | 1.50% | 6,179.29 | 238.34 |
2014 | 7 | -0.43% | 6,152.91 | 238.25 |
2014 | 8 | 1.78% | 6,262.31 | 237.85 |
2014 | 9 | -2.65% | 6,096.57 | 238.03 |
2014 | 10 | 5.71% | 6,444.42 | 237.43 |
2014 | 11 | 0.63% | 6,485.27 | 236.15 |
2014 | 12 | -1.11% | 6,413.28 | 234.81 |
2015 | 1 | 2.83% | 6,594.61 | 233.71 |
2015 | 2 | 0.06% | 6,598.26 | 234.72 |
2015 | 3 | 0.88% | 6,656.22 | 236.12 |
2015 | 4 | 0.98% | 6,721.38 | 236.60 |
2015 | 5 | -0.44% | 6,692.11 | 237.81 |
2015 | 6 | -0.08% | 6,686.78 | 238.64 |
2015 | 7 | -2.42% | 6,524.67 | 238.65 |
2015 | 8 | -4.51% | 6,230.60 | 238.32 |
2015 | 9 | 4.32% | 6,499.58 | 237.95 |
2015 | 10 | 2.93% | 6,690.18 | 237.84 |
2015 | 11 | -1.10% | 6,616.38 | 237.34 |
2015 | 12 | -6.42% | 6,191.64 | 236.53 |
2016 | 1 | -0.55% | 6,157.59 | 236.92 |
2016 | 2 | 6.36% | 6,549.38 | 237.11 |
2016 | 3 | 2.83% | 6,734.81 | 238.13 |
2016 | 4 | -0.30% | 6,714.31 | 239.26 |
2016 | 5 | 1.07% | 6,785.92 | 240.23 |
2016 | 6 | 3.30% | 7,009.68 | 241.02 |
2016 | 7 | 1.20% | 7,093.74 | 240.63 |
2016 | 8 | -0.44% | 7,062.63 | 240.85 |
2016 | 9 | -0.51% | 7,026.89 | 241.43 |
2016 | 10 | 1.20% | 7,111.30 | 241.73 |
2016 | 11 | 3.95% | 7,391.90 | 241.35 |
2016 | 12 | 1.44% | 7,498.17 | 241.43 |
2017 | 1 | 2.58% | 7,691.36 | 242.84 |
2017 | 2 | 1.75% | 7,825.90 | 243.60 |
2017 | 3 | -0.15% | 7,813.85 | 243.80 |
2017 | 4 | 1.69% | 7,946.09 | 244.52 |
2017 | 5 | 1.78% | 8,087.24 | 244.73 |
2017 | 6 | 0.99% | 8,167.14 | 244.96 |
2017 | 7 | 0.25% | 8,187.38 | 244.79 |
2017 | 8 | 1.65% | 8,322.73 | 245.52 |
2017 | 9 | 2.73% | 8,550.34 | 246.82 |
2017 | 10 | 1.59% | 8,686.26 | 246.66 |
2017 | 11 | 2.88% | 8,936.73 | 246.67 |
2017 | 12 | 4.86% | 9,371.22 | 246.52 |
2018 | 1 | -2.89% | 9,100.70 | 247.87 |
2018 | 2 | 0.06% | 9,106.58 | 248.99 |
2018 | 3 | -1.66% | 8,955.05 | 249.55 |
2018 | 4 | 1.96% | 9,130.71 | 250.55 |
2018 | 5 | 2.11% | 9,323.64 | 251.59 |
2018 | 6 | 1.58% | 9,471.02 | 251.99 |
2018 | 7 | 2.45% | 9,703.14 | 252.01 |
2018 | 8 | 1.68% | 9,866.13 | 252.15 |
2018 | 9 | -3.85% | 9,486.38 | 252.44 |
2018 | 10 | -2.08% | 9,289.44 | 252.89 |
2018 | 11 | -5.56% | 8,772.71 | 252.04 |
2018 | 12 | 1.74% | 8,924.97 | 251.23 |
2019 | 1 | 5.83% | 9,445.20 | 251.71 |
2019 | 2 | 1.95% | 9,629.19 | 252.78 |
2019 | 3 | 3.72% | 9,987.71 | 254.20 |
2019 | 4 | -1.53% | 9,834.72 | 255.55 |
2019 | 5 | 1.40% | 9,972.87 | 256.09 |
2019 | 6 | 3.83% | 10,354.57 | 256.14 |
2019 | 7 | -3.13% | 10,030.01 | 256.57 |
2019 | 8 | 3.09% | 10,339.46 | 256.56 |
2019 | 9 | 0.01% | 10,340.48 | 256.76 |
2019 | 10 | 4.43% | 10,798.94 | 257.35 |
2019 | 11 | 2.47% | 11,065.60 | 257.21 |
2019 | 12 | 3.35% | 11,435.90 | 256.97 |
2020 | 1 | 0.12% | 11,449.86 | 257.97 |
2020 | 2 | -18.92% | 9,283.81 | 258.68 |
2020 | 3 | 4.32% | 9,684.74 | 258.12 |
2020 | 4 | 5.89% | 10,254.92 | 256.39 |
2020 | 5 | 6.51% | 10,922.34 | 256.39 |
2020 | 6 | 3.48% | 11,302.04 | 257.80 |
2020 | 7 | 5.89% | 11,968.13 | 259.10 |
2020 | 8 | -0.63% | 11,893.09 | 259.92 |
2020 | 9 | 1.73% | 12,098.36 | 260.28 |
2020 | 10 | 3.95% | 12,576.75 | 260.39 |
2020 | 11 | 4.26% | 13,112.53 | 260.23 |
2020 | 12 | 2.80% | 13,479.06 | 260.47 |
2021 | 1 | 2.49% | 13,814.90 | 261.58 |
2021 | 2 | 0.82% | 13,928.37 | 263.01 |
2021 | 3 | 6.02% | 14,767.06 | 264.88 |
2021 | 4 | 0.76% | 14,879.33 | 267.05 |
2021 | 5 | 1.81% | 15,148.70 | 269.20 |
2021 | 6 | 3.07% | 15,613.50 | 271.70 |
2021 | 7 | 2.19% | 15,954.68 | 273.00 |
2021 | 8 | -0.08% | 15,941.20 | 273.57 |
2021 | 9 | 0.45% | 16,013.28 | 274.31 |
2021 | 10 | 4.74% | 16,773.07 | 276.59 |
2021 | 11 | 0.27% | 16,817.58 | 277.95 |
2021 | 12 | -2.05% | 16,472.49 | 278.80 |
2022 | 1 | -2.90% | 15,994.37 | 281.15 |
2022 | 2 | -0.89% | 15,851.61 | 283.72 |
2022 | 3 | 0.12% | 15,870.36 | 287.50 |
2022 | 4 | -7.87% | 14,620.93 | 289.11 |
2022 | 5 | -3.37% | 14,128.29 | 292.30 |
2022 | 6 | 0.46% | 14,193.94 | 296.31 |
2022 | 7 | 6.45% | 15,109.08 | 296.28 |
2022 | 8 | -7.28% | 14,009.53 | 296.17 |
2022 | 9 | -3.09% | 13,576.48 | 296.81 |
2022 | 10 | 5.29% | 14,294.01 | 298.01 |
2022 | 11 | 0.01% | 14,295.55 | 297.71 |
2022 | 12 | 1.38% | 14,492.33 | 296.80 |
2023 | 1 | 3.15% | 14,948.40 | 299.17 |
2023 | 2 | -2.59% | 14,561.92 | 300.84 |
2023 | 3 | 4.00% | 15,143.84 | 301.84 |
2023 | 4 | 0.74% | 15,255.56 | 303.36 |
2023 | 5 | 4.94% | 16,009.52 | 304.13 |
2023 | 6 | 3.88% | 16,630.05 | 305.11 |
2023 | 7 | -1.00% | 16,464.14 | 305.69 |
2023 | 8 | -0.95% | 16,307.15 | 307.03 |
2023 | 9 | -3.04% | 15,811.85 | 307.79 |
2023 | 10 | 4.60% | 16,539.46 | 307.67 |
2023 | 11 | 5.18% | 17,395.42 | 307.05 |
2023 | 12 | 2.91% | 17,901.95 | 306.75 |
2024 | 1 | 4.20% | 18,653.70 | 308.42 |
2024 | 2 | 3.28% | 19,265.94 | 310.33 |
2024 | 3 | -1.01% | 19,071.52 | 312.33 |
2024 | 4 | 2.52% | 19,551.49 | 313.55 |
2024 | 5 | 5.34% | 20,596.25 | 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 1976. This would result in a final amount of $19,158.28, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $20,596.25).
Year | Month | Contribution ($) | Amount ($) |
---|---|---|---|
1976 | 1 | 4.16 | 4.32 |
1976 | 2 | 4.16 | 8.54 |
1976 | 3 | 4.16 | 12.82 |
1976 | 4 | 4.16 | 16.90 |
1976 | 5 | 4.16 | 21.24 |
1976 | 6 | 4.16 | 26.07 |
1976 | 7 | 4.16 | 30.04 |
1976 | 8 | 4.16 | 35.02 |
1976 | 9 | 4.16 | 37.95 |
1976 | 10 | 4.16 | 41.95 |
1976 | 11 | 4.16 | 47.84 |
1976 | 12 | 4.16 | 51.71 |
1977 | 1 | 4.16 | 54.53 |
1977 | 2 | 4.16 | 58.64 |
1977 | 3 | 4.16 | 62.04 |
1977 | 4 | 4.16 | 66.23 |
1977 | 5 | 4.16 | 71.00 |
1977 | 6 | 4.16 | 76.11 |
1977 | 7 | 4.16 | 78.59 |
1977 | 8 | 4.16 | 81.76 |
1977 | 9 | 4.16 | 84.02 |
1977 | 10 | 4.16 | 89.03 |
1977 | 11 | 4.16 | 93.09 |
1977 | 12 | 4.32 | 94.09 |
1978 | 1 | - | 93.18 |
1978 | 2 | - | 93.43 |
1978 | 3 | - | 97.94 |
1978 | 4 | - | 103.33 |
1978 | 5 | - | 104.03 |
1978 | 6 | - | 103.96 |
1978 | 7 | - | 111.58 |
1978 | 8 | - | 112.02 |
1978 | 9 | - | 108.92 |
1978 | 10 | - | 103.00 |
1978 | 11 | - | 104.98 |
1978 | 12 | - | 109.37 |
1979 | 1 | - | 108.21 |
1979 | 2 | - | 110.75 |
1979 | 3 | - | 113.44 |
1979 | 4 | - | 111.29 |
1979 | 5 | - | 113.98 |
1979 | 6 | - | 115.60 |
1979 | 7 | - | 121.40 |
1979 | 8 | - | 123.27 |
1979 | 9 | - | 119.14 |
1979 | 10 | - | 118.75 |
1979 | 11 | - | 123.98 |
1979 | 12 | - | 128.09 |
1980 | 1 | - | 133.72 |
1980 | 2 | - | 121.98 |
1980 | 3 | - | 120.56 |
1980 | 4 | - | 126.64 |
1980 | 5 | - | 135.33 |
1980 | 6 | - | 142.05 |
1980 | 7 | - | 147.03 |
1980 | 8 | - | 151.20 |
1980 | 9 | - | 156.23 |
1980 | 10 | - | 163.43 |
1980 | 11 | - | 161.40 |
1980 | 12 | - | 161.42 |
1981 | 1 | - | 156.46 |
1981 | 2 | - | 162.94 |
1981 | 3 | - | 165.05 |
1981 | 4 | - | 162.38 |
1981 | 5 | - | 163.77 |
1981 | 6 | - | 160.47 |
1981 | 7 | - | 161.76 |
1981 | 8 | - | 148.33 |
1981 | 9 | - | 150.89 |
1981 | 10 | - | 155.48 |
1981 | 11 | - | 157.32 |
1981 | 12 | - | 149.76 |
1982 | 1 | - | 146.89 |
1982 | 2 | - | 142.86 |
1982 | 3 | - | 150.68 |
1982 | 4 | - | 151.54 |
1982 | 5 | - | 143.55 |
1982 | 6 | - | 143.90 |
1982 | 7 | - | 145.04 |
1982 | 8 | - | 162.59 |
1982 | 9 | - | 177.03 |
1982 | 10 | - | 184.99 |
1982 | 11 | - | 187.50 |
1982 | 12 | - | 194.86 |
1983 | 1 | - | 199.01 |
1983 | 2 | - | 206.70 |
1983 | 3 | - | 215.38 |
1983 | 4 | - | 224.91 |
1983 | 5 | - | 228.85 |
1983 | 6 | - | 230.47 |
1983 | 7 | - | 224.92 |
1983 | 8 | - | 232.38 |
1983 | 9 | - | 233.88 |
1983 | 10 | - | 231.21 |
1983 | 11 | - | 230.92 |
1983 | 12 | - | 234.56 |
1984 | 1 | - | 222.57 |
1984 | 2 | - | 223.55 |
1984 | 3 | - | 224.68 |
1984 | 4 | - | 224.12 |
1984 | 5 | - | 219.97 |
1984 | 6 | - | 217.98 |
1984 | 7 | - | 238.04 |
1984 | 8 | - | 241.39 |
1984 | 9 | - | 240.40 |
1984 | 10 | - | 243.49 |
1984 | 11 | - | 241.77 |
1984 | 12 | - | 253.12 |
1985 | 1 | - | 267.77 |
1985 | 2 | - | 266.49 |
1985 | 3 | - | 269.22 |
1985 | 4 | - | 276.59 |
1985 | 5 | - | 283.53 |
1985 | 6 | - | 289.90 |
1985 | 7 | - | 284.55 |
1985 | 8 | - | 279.19 |
1985 | 9 | - | 283.37 |
1985 | 10 | - | 301.56 |
1985 | 11 | - | 317.53 |
1985 | 12 | - | 319.91 |
1986 | 1 | - | 338.14 |
1986 | 2 | - | 359.04 |
1986 | 3 | - | 368.89 |
1986 | 4 | - | 370.70 |
1986 | 5 | - | 382.32 |
1986 | 6 | - | 375.42 |
1986 | 7 | - | 383.98 |
1986 | 8 | - | 374.55 |
1986 | 9 | - | 374.22 |
1986 | 10 | - | 387.44 |
1986 | 11 | - | 394.06 |
1986 | 12 | - | 420.35 |
1987 | 1 | - | 447.52 |
1987 | 2 | - | 467.10 |
1987 | 3 | - | 463.10 |
1987 | 4 | - | 463.90 |
1987 | 5 | - | 484.77 |
1987 | 6 | - | 499.91 |
1987 | 7 | - | 532.17 |
1987 | 8 | - | 516.04 |
1987 | 9 | - | 454.87 |
1987 | 10 | - | 398.91 |
1987 | 11 | - | 393.58 |
1987 | 12 | - | 410.30 |
1988 | 1 | - | 423.95 |
1988 | 2 | - | 437.66 |
1988 | 3 | - | 433.78 |
1988 | 4 | - | 424.29 |
1988 | 5 | - | 449.73 |
1988 | 6 | - | 448.35 |
1988 | 7 | - | 440.65 |
1988 | 8 | - | 449.14 |
1988 | 9 | - | 466.22 |
1988 | 10 | - | 456.80 |
1988 | 11 | - | 467.42 |
1988 | 12 | - | 483.84 |
1989 | 1 | - | 499.81 |
1989 | 2 | - | 499.00 |
1989 | 3 | - | 516.79 |
1989 | 4 | - | 538.06 |
1989 | 5 | - | 556.31 |
1989 | 6 | - | 571.89 |
1989 | 7 | - | 598.71 |
1989 | 8 | - | 601.44 |
1989 | 9 | - | 603.16 |
1989 | 10 | - | 592.22 |
1989 | 11 | - | 608.43 |
1989 | 12 | - | 594.98 |
1990 | 1 | - | 579.94 |
1990 | 2 | - | 595.64 |
1990 | 3 | - | 596.81 |
1990 | 4 | - | 619.79 |
1990 | 5 | - | 639.44 |
1990 | 6 | - | 640.52 |
1990 | 7 | - | 590.17 |
1990 | 8 | - | 564.55 |
1990 | 9 | - | 551.48 |
1990 | 10 | - | 567.93 |
1990 | 11 | - | 593.98 |
1990 | 12 | - | 589.91 |
1991 | 1 | - | 658.38 |
1991 | 2 | - | 678.43 |
1991 | 3 | - | 693.75 |
1991 | 4 | - | 692.51 |
1991 | 5 | - | 694.91 |
1991 | 6 | - | 700.34 |
1991 | 7 | - | 719.10 |
1991 | 8 | - | 716.92 |
1991 | 9 | - | 718.22 |
1991 | 10 | - | 718.33 |
1991 | 11 | - | 725.05 |
1991 | 12 | - | 778.40 |
1992 | 1 | - | 773.72 |
1992 | 2 | - | 765.89 |
1992 | 3 | - | 767.91 |
1992 | 4 | - | 783.80 |
1992 | 5 | - | 773.38 |
1992 | 6 | - | 788.17 |
1992 | 7 | - | 795.59 |
1992 | 8 | - | 798.60 |
1992 | 9 | - | 789.16 |
1992 | 10 | - | 810.92 |
1992 | 11 | - | 837.44 |
1992 | 12 | - | 838.64 |
1993 | 1 | - | 853.10 |
1993 | 2 | - | 871.44 |
1993 | 3 | - | 859.75 |
1993 | 4 | - | 865.98 |
1993 | 5 | - | 873.47 |
1993 | 6 | - | 874.01 |
1993 | 7 | - | 889.41 |
1993 | 8 | - | 901.46 |
1993 | 9 | - | 912.66 |
1993 | 10 | - | 912.73 |
1993 | 11 | - | 920.82 |
1993 | 12 | - | 936.81 |
1994 | 1 | - | 936.10 |
1994 | 2 | - | 922.77 |
1994 | 3 | - | 891.89 |
1994 | 4 | - | 901.33 |
1994 | 5 | - | 911.32 |
1994 | 6 | - | 906.59 |
1994 | 7 | - | 934.53 |
1994 | 8 | - | 942.17 |
1994 | 9 | - | 937.99 |
1994 | 10 | - | 934.52 |
1994 | 11 | - | 924.93 |
1994 | 12 | - | 947.60 |
1995 | 1 | - | 983.79 |
1995 | 2 | - | 1,008.96 |
1995 | 3 | - | 1,041.40 |
1995 | 4 | - | 1,076.27 |
1995 | 5 | - | 1,110.47 |
1995 | 6 | - | 1,149.87 |
1995 | 7 | - | 1,155.77 |
1995 | 8 | - | 1,198.74 |
1995 | 9 | - | 1,209.68 |
1995 | 10 | - | 1,238.20 |
1995 | 11 | - | 1,280.17 |
1995 | 12 | - | 1,282.25 |
1996 | 1 | - | 1,357.96 |
1996 | 2 | - | 1,355.23 |
1996 | 3 | - | 1,357.90 |
1996 | 4 | - | 1,389.88 |
1996 | 5 | - | 1,407.65 |
1996 | 6 | - | 1,358.71 |
1996 | 7 | - | 1,400.50 |
1996 | 8 | - | 1,428.85 |
1996 | 9 | - | 1,487.71 |
1996 | 10 | - | 1,562.87 |
1996 | 11 | - | 1,581.60 |
1996 | 12 | - | 1,633.12 |
1997 | 1 | - | 1,704.34 |
1997 | 2 | - | 1,693.71 |
1997 | 3 | - | 1,636.03 |
1997 | 4 | - | 1,786.84 |
1997 | 5 | - | 1,882.20 |
1997 | 6 | - | 1,990.16 |
1997 | 7 | - | 1,997.09 |
1997 | 8 | - | 2,020.89 |
1997 | 9 | - | 2,054.14 |
1997 | 10 | - | 2,030.48 |
1997 | 11 | - | 2,083.97 |
1997 | 12 | - | 2,088.91 |
1998 | 1 | - | 2,222.65 |
1998 | 2 | - | 2,340.74 |
1998 | 3 | - | 2,420.45 |
1998 | 4 | - | 2,415.08 |
1998 | 5 | - | 2,417.90 |
1998 | 6 | - | 2,525.92 |
1998 | 7 | - | 2,349.84 |
1998 | 8 | - | 2,234.73 |
1998 | 9 | - | 2,263.58 |
1998 | 10 | - | 2,511.99 |
1998 | 11 | - | 2,615.09 |
1998 | 12 | - | 2,747.09 |
1999 | 1 | - | 2,745.26 |
1999 | 2 | - | 2,825.51 |
1999 | 3 | - | 2,945.60 |
1999 | 4 | - | 2,942.69 |
1999 | 5 | - | 2,924.69 |
1999 | 6 | - | 3,056.95 |
1999 | 7 | - | 2,941.57 |
1999 | 8 | - | 2,923.98 |
1999 | 9 | - | 2,886.77 |
1999 | 10 | - | 3,091.90 |
1999 | 11 | - | 3,178.75 |
1999 | 12 | - | 3,174.97 |
2000 | 1 | - | 3,096.29 |
2000 | 2 | - | 3,218.31 |
2000 | 3 | - | 3,264.16 |
2000 | 4 | - | 3,171.50 |
2000 | 5 | - | 3,271.83 |
2000 | 6 | - | 3,299.65 |
2000 | 7 | - | 3,330.66 |
2000 | 8 | - | 3,294.70 |
2000 | 9 | - | 3,122.91 |
2000 | 10 | - | 3,098.78 |
2000 | 11 | - | 2,995.90 |
2000 | 12 | - | 3,009.53 |
2001 | 1 | - | 2,945.24 |
2001 | 2 | - | 2,677.81 |
2001 | 3 | - | 2,689.83 |
2001 | 4 | - | 2,874.87 |
2001 | 5 | - | 2,806.20 |
2001 | 6 | - | 2,731.55 |
2001 | 7 | - | 2,675.67 |
2001 | 8 | - | 2,374.72 |
2001 | 9 | - | 2,450.34 |
2001 | 10 | - | 2,574.16 |
2001 | 11 | - | 2,611.89 |
2001 | 12 | - | 2,604.12 |
2002 | 1 | - | 2,516.81 |
2002 | 2 | - | 2,641.27 |
2002 | 3 | - | 2,548.45 |
2002 | 4 | - | 2,476.57 |
2002 | 5 | - | 2,329.93 |
2002 | 6 | - | 2,079.27 |
2002 | 7 | - | 2,102.95 |
2002 | 8 | - | 2,002.89 |
2002 | 9 | - | 1,975.51 |
2002 | 10 | - | 2,106.40 |
2002 | 11 | - | 2,084.60 |
2002 | 12 | - | 2,079.96 |
2003 | 1 | - | 1,946.54 |
2003 | 2 | - | 1,971.99 |
2003 | 3 | - | 2,076.23 |
2003 | 4 | - | 2,186.52 |
2003 | 5 | - | 2,311.25 |
2003 | 6 | - | 2,325.02 |
2003 | 7 | - | 2,321.15 |
2003 | 8 | - | 2,394.53 |
2003 | 9 | - | 2,443.09 |
2003 | 10 | - | 2,472.66 |
2003 | 11 | - | 2,548.42 |
2003 | 12 | - | 2,674.18 |
2004 | 1 | - | 2,703.24 |
2004 | 2 | - | 2,660.93 |
2004 | 3 | - | 2,686.69 |
2004 | 4 | - | 2,617.80 |
2004 | 5 | - | 2,692.61 |
2004 | 6 | - | 2,632.33 |
2004 | 7 | - | 2,595.80 |
2004 | 8 | - | 2,668.03 |
2004 | 9 | - | 2,670.77 |
2004 | 10 | - | 2,798.27 |
2004 | 11 | - | 2,874.59 |
2004 | 12 | - | 2,835.81 |
2005 | 1 | - | 2,883.48 |
2005 | 2 | - | 2,876.11 |
2005 | 3 | - | 2,806.83 |
2005 | 4 | - | 2,844.32 |
2005 | 5 | - | 2,906.35 |
2005 | 6 | - | 2,958.89 |
2005 | 7 | - | 2,968.06 |
2005 | 8 | - | 2,976.37 |
2005 | 9 | - | 2,898.26 |
2005 | 10 | - | 3,013.08 |
2005 | 11 | - | 3,077.68 |
2005 | 12 | - | 3,122.82 |
2006 | 1 | - | 3,122.30 |
2006 | 2 | - | 3,168.70 |
2006 | 3 | - | 3,194.00 |
2006 | 4 | - | 3,168.88 |
2006 | 5 | - | 3,083.13 |
2006 | 6 | - | 3,105.33 |
2006 | 7 | - | 3,176.50 |
2006 | 8 | - | 3,256.90 |
2006 | 9 | - | 3,374.67 |
2006 | 10 | - | 3,442.22 |
2006 | 11 | - | 3,516.17 |
2006 | 12 | - | 3,540.53 |
2007 | 1 | - | 3,597.03 |
2007 | 2 | - | 3,508.05 |
2007 | 3 | - | 3,654.69 |
2007 | 4 | - | 3,778.65 |
2007 | 5 | - | 3,791.68 |
2007 | 6 | - | 3,813.47 |
2007 | 7 | - | 3,653.26 |
2007 | 8 | - | 3,765.59 |
2007 | 9 | - | 3,878.25 |
2007 | 10 | - | 3,691.84 |
2007 | 11 | - | 3,737.56 |
2007 | 12 | - | 3,489.56 |
2008 | 1 | - | 3,434.99 |
2008 | 2 | - | 3,344.76 |
2008 | 3 | - | 3,486.71 |
2008 | 4 | - | 3,576.06 |
2008 | 5 | - | 3,424.20 |
2008 | 6 | - | 3,216.06 |
2008 | 7 | - | 3,283.94 |
2008 | 8 | - | 3,124.75 |
2008 | 9 | - | 2,493.75 |
2008 | 10 | - | 2,279.15 |
2008 | 11 | - | 2,271.15 |
2008 | 12 | - | 2,246.27 |
2009 | 1 | - | 2,095.71 |
2009 | 2 | - | 1,976.52 |
2009 | 3 | - | 2,220.06 |
2009 | 4 | - | 2,367.91 |
2009 | 5 | - | 2,435.84 |
2009 | 6 | - | 2,466.96 |
2009 | 7 | - | 2,667.30 |
2009 | 8 | - | 2,764.67 |
2009 | 9 | - | 2,831.10 |
2009 | 10 | - | 2,890.40 |
2009 | 11 | - | 2,954.73 |
2009 | 12 | - | 2,994.83 |
2010 | 1 | - | 2,908.02 |
2010 | 2 | - | 3,080.85 |
2010 | 3 | - | 3,206.79 |
2010 | 4 | - | 3,018.15 |
2010 | 5 | - | 2,911.20 |
2010 | 6 | - | 2,906.57 |
2010 | 7 | - | 2,931.67 |
2010 | 8 | - | 3,030.51 |
2010 | 9 | - | 3,169.23 |
2010 | 10 | - | 3,248.17 |
2010 | 11 | - | 3,368.80 |
2010 | 12 | - | 3,485.43 |
2011 | 1 | - | 3,595.25 |
2011 | 2 | - | 3,555.26 |
2011 | 3 | - | 3,634.22 |
2011 | 4 | - | 3,658.18 |
2011 | 5 | - | 3,524.19 |
2011 | 6 | - | 3,633.50 |
2011 | 7 | - | 3,255.59 |
2011 | 8 | - | 3,229.90 |
2011 | 9 | - | 3,327.41 |
2011 | 10 | - | 3,386.21 |
2011 | 11 | - | 3,438.85 |
2011 | 12 | - | 3,603.32 |
2012 | 1 | - | 3,753.31 |
2012 | 2 | - | 3,861.55 |
2012 | 3 | - | 3,860.08 |
2012 | 4 | - | 3,740.76 |
2012 | 5 | - | 3,697.65 |
2012 | 6 | - | 3,805.67 |
2012 | 7 | - | 3,934.59 |
2012 | 8 | - | 4,053.46 |
2012 | 9 | - | 4,044.66 |
2012 | 10 | - | 3,929.89 |
2012 | 11 | - | 4,015.39 |
2012 | 12 | - | 4,186.80 |
2013 | 1 | - | 4,284.47 |
2013 | 2 | - | 4,401.12 |
2013 | 3 | - | 4,465.10 |
2013 | 4 | - | 4,669.35 |
2013 | 5 | - | 4,617.15 |
2013 | 6 | - | 4,767.42 |
2013 | 7 | - | 4,779.46 |
2013 | 8 | - | 4,836.45 |
2013 | 9 | - | 4,938.86 |
2013 | 10 | - | 5,129.50 |
2013 | 11 | - | 5,207.56 |
2013 | 12 | - | 5,257.96 |
2014 | 1 | - | 5,251.12 |
2014 | 2 | - | 5,394.07 |
2014 | 3 | - | 5,404.95 |
2014 | 4 | - | 5,487.76 |
2014 | 5 | - | 5,663.16 |
2014 | 6 | - | 5,747.87 |
2014 | 7 | - | 5,723.33 |
2014 | 8 | - | 5,825.09 |
2014 | 9 | - | 5,670.93 |
2014 | 10 | - | 5,994.49 |
2014 | 11 | - | 6,032.49 |
2014 | 12 | - | 5,965.53 |
2015 | 1 | - | 6,134.20 |
2015 | 2 | - | 6,137.59 |
2015 | 3 | - | 6,191.51 |
2015 | 4 | - | 6,252.11 |
2015 | 5 | - | 6,224.89 |
2015 | 6 | - | 6,219.93 |
2015 | 7 | - | 6,069.13 |
2015 | 8 | - | 5,795.59 |
2015 | 9 | - | 6,045.79 |
2015 | 10 | - | 6,223.09 |
2015 | 11 | - | 6,154.45 |
2015 | 12 | - | 5,759.35 |
2016 | 1 | - | 5,727.68 |
2016 | 2 | - | 6,092.12 |
2016 | 3 | - | 6,264.60 |
2016 | 4 | - | 6,245.54 |
2016 | 5 | - | 6,312.15 |
2016 | 6 | - | 6,520.28 |
2016 | 7 | - | 6,598.48 |
2016 | 8 | - | 6,569.53 |
2016 | 9 | - | 6,536.29 |
2016 | 10 | - | 6,614.80 |
2016 | 11 | - | 6,875.82 |
2016 | 12 | - | 6,974.67 |
2017 | 1 | - | 7,154.37 |
2017 | 2 | - | 7,279.52 |
2017 | 3 | - | 7,268.31 |
2017 | 4 | - | 7,391.31 |
2017 | 5 | - | 7,522.62 |
2017 | 6 | - | 7,596.93 |
2017 | 7 | - | 7,615.76 |
2017 | 8 | - | 7,741.66 |
2017 | 9 | - | 7,953.38 |
2017 | 10 | - | 8,079.81 |
2017 | 11 | - | 8,312.79 |
2017 | 12 | - | 8,716.95 |
2018 | 1 | - | 8,465.32 |
2018 | 2 | - | 8,470.78 |
2018 | 3 | - | 8,329.83 |
2018 | 4 | - | 8,493.23 |
2018 | 5 | - | 8,672.69 |
2018 | 6 | - | 8,809.78 |
2018 | 7 | - | 9,025.69 |
2018 | 8 | - | 9,177.30 |
2018 | 9 | - | 8,824.07 |
2018 | 10 | - | 8,640.87 |
2018 | 11 | - | 8,160.22 |
2018 | 12 | - | 8,301.86 |
2019 | 1 | - | 8,785.76 |
2019 | 2 | - | 8,956.91 |
2019 | 3 | - | 9,290.40 |
2019 | 4 | - | 9,148.09 |
2019 | 5 | - | 9,276.59 |
2019 | 6 | - | 9,631.64 |
2019 | 7 | - | 9,329.75 |
2019 | 8 | - | 9,617.59 |
2019 | 9 | - | 9,618.53 |
2019 | 10 | - | 10,044.99 |
2019 | 11 | - | 10,293.03 |
2019 | 12 | - | 10,637.48 |
2020 | 1 | - | 10,650.46 |
2020 | 2 | - | 8,635.64 |
2020 | 3 | - | 9,008.58 |
2020 | 4 | - | 9,538.95 |
2020 | 5 | - | 10,159.77 |
2020 | 6 | - | 10,512.97 |
2020 | 7 | - | 11,132.55 |
2020 | 8 | - | 11,062.75 |
2020 | 9 | - | 11,253.69 |
2020 | 10 | - | 11,698.67 |
2020 | 11 | - | 12,197.05 |
2020 | 12 | - | 12,537.99 |
2021 | 1 | - | 12,850.38 |
2021 | 2 | - | 12,955.93 |
2021 | 3 | - | 13,736.07 |
2021 | 4 | - | 13,840.49 |
2021 | 5 | - | 14,091.06 |
2021 | 6 | - | 14,523.41 |
2021 | 7 | - | 14,840.77 |
2021 | 8 | - | 14,828.23 |
2021 | 9 | - | 14,895.28 |
2021 | 10 | - | 15,602.02 |
2021 | 11 | - | 15,643.43 |
2021 | 12 | - | 15,322.43 |
2022 | 1 | - | 14,877.69 |
2022 | 2 | - | 14,744.89 |
2022 | 3 | - | 14,762.33 |
2022 | 4 | - | 13,600.14 |
2022 | 5 | - | 13,141.89 |
2022 | 6 | - | 13,202.96 |
2022 | 7 | - | 14,054.21 |
2022 | 8 | - | 13,031.43 |
2022 | 9 | - | 12,628.60 |
2022 | 10 | - | 13,296.04 |
2022 | 11 | - | 13,297.48 |
2022 | 12 | - | 13,480.51 |
2023 | 1 | - | 13,904.74 |
2023 | 2 | - | 13,545.24 |
2023 | 3 | - | 14,086.54 |
2023 | 4 | - | 14,190.46 |
2023 | 5 | - | 14,891.78 |
2023 | 6 | - | 15,468.99 |
2023 | 7 | - | 15,314.66 |
2023 | 8 | - | 15,168.63 |
2023 | 9 | - | 14,707.91 |
2023 | 10 | - | 15,384.72 |
2023 | 11 | - | 16,180.92 |
2023 | 12 | - | 16,652.08 |
2024 | 1 | - | 17,351.35 |
2024 | 2 | - | 17,920.84 |
2024 | 3 | - | 17,740.00 |
2024 | 4 | - | 18,186.46 |
2024 | 5 | - | 19,158.28 |
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 | $96.86 |
End Value Average monthly close | $5,509.01 |
Change in price | +5,587.60% +8.78% / yr |
Change incl. dividends | +20,496.25% +11.63% / yr |
Change incl. dividends, inflation-adjusted | +3,616.85% +7.75% / yr |
Final amount, nominal ($100 base) | $20,596.25 |
Final amount, inflation-adjusted ($100 base) | $3,716.85 |