If you invested $10000 in the S&P 500 at the beginning of 1977, you would have about $2,041,778.33 at the end of 2024, assuming you reinvested all dividends. This is a return on investment of 20,317.78%, or 11.76% per year.
This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 3,846.59% cumulatively, or 7.99% per year.
If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $2,084,223.82.
The graph below shows the performance of $10000 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 $10000 is $2,031,778.33, or 20,317.78%. This means by 2024 you would have $2,041,778.33 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 1977 was 60.600 and the CPI in 2024 was 313.515.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 47 years.
Adjusted for inflation, the $2,041,778.33 nominal end value of the original $10000 investment would have a real return of roughly $384,659.23 in 1977 dollars. This means the inflation-adjusted return is 3,846.59% as opposed to the original 20,317.78%.
For more information on inflation, see our U.S. inflation calculator for 1977.
The table below shows the full dataset pertaining to a $10000 investment, including gains and losses over the 574-month period between 1977 and 2024.
Note that data shown is the monthly average closing price. Returns include dividends.
Year | Month | Return (%) | Amount ($) | CPI |
---|---|---|---|---|
1977 | 1 | -2.37% | 9,763.14 | 58.50 |
1977 | 2 | -0.05% | 9,757.85 | 59.10 |
1977 | 3 | -1.19% | 9,641.37 | 59.50 |
1977 | 4 | 0.06% | 9,647.59 | 60.00 |
1977 | 5 | 0.90% | 9,734.40 | 60.30 |
1977 | 6 | 1.28% | 9,859.24 | 60.70 |
1977 | 7 | -2.08% | 9,654.30 | 61.00 |
1977 | 8 | -1.18% | 9,540.83 | 61.20 |
1977 | 9 | -2.20% | 9,331.14 | 61.40 |
1977 | 10 | 0.98% | 9,422.69 | 61.60 |
1977 | 11 | -0.08% | 9,415.14 | 61.90 |
1977 | 12 | -3.39% | 9,095.93 | 62.10 |
1978 | 1 | -0.97% | 9,007.52 | 62.50 |
1978 | 2 | 0.27% | 9,031.45 | 62.90 |
1978 | 3 | 4.83% | 9,467.67 | 63.40 |
1978 | 4 | 5.50% | 9,988.80 | 63.90 |
1978 | 5 | 0.67% | 10,056.08 | 64.50 |
1978 | 6 | -0.06% | 10,049.81 | 65.20 |
1978 | 7 | 7.33% | 10,786.28 | 65.70 |
1978 | 8 | 0.40% | 10,829.39 | 66.00 |
1978 | 9 | -2.77% | 10,529.04 | 66.50 |
1978 | 10 | -5.44% | 9,956.50 | 67.10 |
1978 | 11 | 1.92% | 10,147.95 | 67.40 |
1978 | 12 | 4.19% | 10,572.67 | 67.70 |
1979 | 1 | -1.06% | 10,460.92 | 68.30 |
1979 | 2 | 2.34% | 10,705.83 | 69.10 |
1979 | 3 | 2.43% | 10,966.08 | 69.80 |
1979 | 4 | -1.89% | 10,758.49 | 70.60 |
1979 | 5 | 2.42% | 11,018.59 | 71.50 |
1979 | 6 | 1.42% | 11,175.15 | 72.30 |
1979 | 7 | 5.01% | 11,735.51 | 73.10 |
1979 | 8 | 1.54% | 11,916.29 | 73.80 |
1979 | 9 | -3.35% | 11,516.79 | 74.60 |
1979 | 10 | -0.32% | 11,479.66 | 75.20 |
1979 | 11 | 4.40% | 11,985.22 | 75.90 |
1979 | 12 | 3.31% | 12,382.23 | 76.70 |
1980 | 1 | 4.40% | 12,926.53 | 77.80 |
1980 | 2 | -8.78% | 11,791.86 | 78.90 |
1980 | 3 | -1.16% | 11,654.84 | 80.10 |
1980 | 4 | 5.04% | 12,241.79 | 81.00 |
1980 | 5 | 6.86% | 13,081.90 | 81.80 |
1980 | 6 | 4.97% | 13,732.00 | 82.70 |
1980 | 7 | 3.50% | 14,213.27 | 82.70 |
1980 | 8 | 2.84% | 14,616.33 | 83.30 |
1980 | 9 | 3.32% | 15,102.29 | 84.00 |
1980 | 10 | 4.61% | 15,799.21 | 84.80 |
1980 | 11 | -1.24% | 15,602.55 | 85.50 |
1980 | 12 | 0.01% | 15,604.10 | 86.30 |
1981 | 1 | -3.07% | 15,125.03 | 87.00 |
1981 | 2 | 4.14% | 15,751.71 | 87.90 |
1981 | 3 | 1.29% | 15,955.50 | 88.50 |
1981 | 4 | -1.62% | 15,697.46 | 89.10 |
1981 | 5 | 0.86% | 15,832.08 | 89.80 |
1981 | 6 | -2.02% | 15,512.86 | 90.60 |
1981 | 7 | 0.80% | 15,637.36 | 91.60 |
1981 | 8 | -8.30% | 14,339.04 | 92.30 |
1981 | 9 | 1.73% | 14,586.71 | 93.20 |
1981 | 10 | 3.04% | 15,030.69 | 93.40 |
1981 | 11 | 1.18% | 15,207.96 | 93.70 |
1981 | 12 | -4.80% | 14,477.35 | 94.00 |
1982 | 1 | -1.91% | 14,200.27 | 94.30 |
1982 | 2 | -2.74% | 13,810.54 | 94.60 |
1982 | 3 | 5.47% | 14,565.88 | 94.50 |
1982 | 4 | 0.57% | 14,648.86 | 94.90 |
1982 | 5 | -5.27% | 13,876.77 | 95.80 |
1982 | 6 | 0.24% | 13,910.61 | 97.00 |
1982 | 7 | 0.79% | 14,021.05 | 97.50 |
1982 | 8 | 12.10% | 15,717.09 | 97.70 |
1982 | 9 | 8.88% | 17,112.99 | 97.90 |
1982 | 10 | 4.50% | 17,883.06 | 98.20 |
1982 | 11 | 1.36% | 18,125.47 | 98.00 |
1982 | 12 | 3.93% | 18,837.03 | 97.60 |
1983 | 1 | 2.13% | 19,238.26 | 97.80 |
1983 | 2 | 3.87% | 19,981.94 | 97.90 |
1983 | 3 | 4.20% | 20,820.66 | 97.90 |
1983 | 4 | 4.42% | 21,741.76 | 98.60 |
1983 | 5 | 1.75% | 22,123.01 | 99.20 |
1983 | 6 | 0.71% | 22,279.67 | 99.50 |
1983 | 7 | -2.41% | 21,743.35 | 99.90 |
1983 | 8 | 3.31% | 22,463.89 | 100.20 |
1983 | 9 | 0.65% | 22,609.44 | 100.70 |
1983 | 10 | -1.14% | 22,351.37 | 101.00 |
1983 | 11 | -0.13% | 22,322.74 | 101.20 |
1983 | 12 | 1.58% | 22,674.53 | 101.30 |
1984 | 1 | -5.11% | 21,515.36 | 101.90 |
1984 | 2 | 0.44% | 21,610.54 | 102.40 |
1984 | 3 | 0.51% | 21,720.15 | 102.60 |
1984 | 4 | -0.25% | 21,665.29 | 103.10 |
1984 | 5 | -1.85% | 21,264.85 | 103.40 |
1984 | 6 | -0.91% | 21,071.67 | 103.70 |
1984 | 7 | 9.21% | 23,011.64 | 104.10 |
1984 | 8 | 1.41% | 23,335.41 | 104.50 |
1984 | 9 | -0.41% | 23,239.18 | 105.00 |
1984 | 10 | 1.29% | 23,538.01 | 105.30 |
1984 | 11 | -0.71% | 23,371.46 | 105.30 |
1984 | 12 | 4.70% | 24,469.35 | 105.30 |
1985 | 1 | 5.79% | 25,885.48 | 105.50 |
1985 | 2 | -0.48% | 25,761.67 | 106.00 |
1985 | 3 | 1.02% | 26,025.65 | 106.40 |
1985 | 4 | 2.74% | 26,737.62 | 106.90 |
1985 | 5 | 2.51% | 27,408.99 | 107.30 |
1985 | 6 | 2.25% | 28,024.93 | 107.60 |
1985 | 7 | -1.85% | 27,507.78 | 107.80 |
1985 | 8 | -1.88% | 26,989.26 | 108.00 |
1985 | 9 | 1.50% | 27,392.91 | 108.30 |
1985 | 10 | 6.42% | 29,151.67 | 108.70 |
1985 | 11 | 5.29% | 30,695.11 | 109.00 |
1985 | 12 | 0.75% | 30,925.86 | 109.30 |
1986 | 1 | 5.70% | 32,687.78 | 109.60 |
1986 | 2 | 6.18% | 34,708.79 | 109.30 |
1986 | 3 | 2.74% | 35,660.30 | 108.80 |
1986 | 4 | 0.49% | 35,835.69 | 108.60 |
1986 | 5 | 3.13% | 36,958.51 | 108.90 |
1986 | 6 | -1.80% | 36,291.81 | 109.50 |
1986 | 7 | 2.28% | 37,119.57 | 109.50 |
1986 | 8 | -2.46% | 36,207.83 | 109.70 |
1986 | 9 | -0.09% | 36,175.29 | 110.20 |
1986 | 10 | 3.53% | 37,453.34 | 110.30 |
1986 | 11 | 1.71% | 38,093.40 | 110.40 |
1986 | 12 | 6.67% | 40,635.51 | 110.50 |
1987 | 1 | 6.46% | 43,261.33 | 111.20 |
1987 | 2 | 4.38% | 45,154.62 | 111.60 |
1987 | 3 | -0.86% | 44,767.91 | 112.10 |
1987 | 4 | 0.17% | 44,845.29 | 112.70 |
1987 | 5 | 4.50% | 46,862.63 | 113.10 |
1987 | 6 | 3.12% | 48,325.72 | 113.50 |
1987 | 7 | 6.45% | 51,444.67 | 113.80 |
1987 | 8 | -3.03% | 49,885.68 | 114.40 |
1987 | 9 | -11.85% | 43,972.29 | 115.00 |
1987 | 10 | -12.30% | 38,562.19 | 115.30 |
1987 | 11 | -1.33% | 38,047.51 | 115.40 |
1987 | 12 | 4.25% | 39,663.21 | 115.40 |
1988 | 1 | 3.33% | 40,983.43 | 115.70 |
1988 | 2 | 3.23% | 42,308.03 | 116.00 |
1988 | 3 | -0.89% | 41,933.17 | 116.50 |
1988 | 4 | -2.19% | 41,015.56 | 117.10 |
1988 | 5 | 6.00% | 43,475.76 | 117.50 |
1988 | 6 | -0.31% | 43,342.32 | 118.00 |
1988 | 7 | -1.72% | 42,597.49 | 118.50 |
1988 | 8 | 1.93% | 43,418.42 | 119.00 |
1988 | 9 | 3.80% | 45,069.02 | 119.80 |
1988 | 10 | -2.02% | 44,158.51 | 120.20 |
1988 | 11 | 2.33% | 45,185.62 | 120.30 |
1988 | 12 | 3.51% | 46,772.84 | 120.50 |
1989 | 1 | 3.30% | 48,316.27 | 121.10 |
1989 | 2 | -0.16% | 48,238.16 | 121.60 |
1989 | 3 | 3.56% | 49,957.76 | 122.30 |
1989 | 4 | 4.12% | 52,013.67 | 123.10 |
1989 | 5 | 3.39% | 53,778.30 | 123.80 |
1989 | 6 | 2.80% | 55,284.18 | 124.10 |
1989 | 7 | 4.69% | 57,877.43 | 124.40 |
1989 | 8 | 0.46% | 58,141.08 | 124.60 |
1989 | 9 | 0.29% | 58,307.51 | 125.00 |
1989 | 10 | -1.81% | 57,250.08 | 125.60 |
1989 | 11 | 2.74% | 58,816.84 | 125.90 |
1989 | 12 | -2.21% | 57,516.27 | 126.10 |
1990 | 1 | -2.53% | 56,062.73 | 127.40 |
1990 | 2 | 2.71% | 57,580.44 | 128.00 |
1990 | 3 | 0.20% | 57,693.29 | 128.70 |
1990 | 4 | 3.85% | 59,915.02 | 128.90 |
1990 | 5 | 3.17% | 61,814.30 | 129.20 |
1990 | 6 | 0.17% | 61,919.21 | 129.90 |
1990 | 7 | -7.86% | 57,051.60 | 130.40 |
1990 | 8 | -4.34% | 54,574.96 | 131.60 |
1990 | 9 | -2.32% | 53,311.13 | 132.70 |
1990 | 10 | 2.98% | 54,901.83 | 133.50 |
1990 | 11 | 4.59% | 57,419.96 | 133.80 |
1990 | 12 | -0.69% | 57,026.54 | 133.80 |
1991 | 1 | 11.61% | 63,645.48 | 134.60 |
1991 | 2 | 3.04% | 65,583.24 | 134.80 |
1991 | 3 | 2.26% | 67,064.65 | 135.00 |
1991 | 4 | -0.18% | 66,944.69 | 135.20 |
1991 | 5 | 0.35% | 67,177.00 | 135.60 |
1991 | 6 | 0.78% | 67,701.30 | 136.00 |
1991 | 7 | 2.68% | 69,514.97 | 136.20 |
1991 | 8 | -0.30% | 69,304.27 | 136.60 |
1991 | 9 | 0.18% | 69,430.16 | 137.20 |
1991 | 10 | 0.02% | 69,441.13 | 137.40 |
1991 | 11 | 0.94% | 70,090.50 | 137.80 |
1991 | 12 | 7.36% | 75,247.78 | 137.90 |
1992 | 1 | -0.60% | 74,795.66 | 138.10 |
1992 | 2 | -1.01% | 74,038.44 | 138.60 |
1992 | 3 | 0.26% | 74,234.13 | 139.30 |
1992 | 4 | 2.07% | 75,769.55 | 139.50 |
1992 | 5 | -1.33% | 74,762.48 | 139.70 |
1992 | 6 | 1.91% | 76,192.04 | 140.20 |
1992 | 7 | 0.94% | 76,909.55 | 140.50 |
1992 | 8 | 0.38% | 77,200.41 | 140.90 |
1992 | 9 | -1.18% | 76,287.86 | 141.30 |
1992 | 10 | 2.76% | 78,391.04 | 141.80 |
1992 | 11 | 3.27% | 80,955.37 | 142.00 |
1992 | 12 | 0.14% | 81,071.05 | 141.90 |
1993 | 1 | 1.72% | 82,468.92 | 142.60 |
1993 | 2 | 2.15% | 84,242.13 | 143.10 |
1993 | 3 | -1.34% | 83,111.81 | 143.60 |
1993 | 4 | 0.72% | 83,714.14 | 144.00 |
1993 | 5 | 0.87% | 84,438.42 | 144.20 |
1993 | 6 | 0.06% | 84,489.93 | 144.40 |
1993 | 7 | 1.76% | 85,979.04 | 144.40 |
1993 | 8 | 1.35% | 87,144.03 | 144.80 |
1993 | 9 | 1.24% | 88,226.28 | 145.10 |
1993 | 10 | 0.01% | 88,232.94 | 145.70 |
1993 | 11 | 0.89% | 89,015.72 | 145.80 |
1993 | 12 | 1.74% | 90,560.93 | 145.80 |
1994 | 1 | -0.08% | 90,492.37 | 146.20 |
1994 | 2 | -1.42% | 89,203.92 | 146.70 |
1994 | 3 | -3.35% | 86,218.82 | 147.20 |
1994 | 4 | 1.06% | 87,131.23 | 147.40 |
1994 | 5 | 1.11% | 88,096.72 | 147.50 |
1994 | 6 | -0.52% | 87,639.61 | 148.00 |
1994 | 7 | 3.08% | 90,340.73 | 148.40 |
1994 | 8 | 0.82% | 91,079.24 | 149.00 |
1994 | 9 | -0.44% | 90,674.84 | 149.40 |
1994 | 10 | -0.37% | 90,339.45 | 149.50 |
1994 | 11 | -1.03% | 89,412.83 | 149.70 |
1994 | 12 | 2.45% | 91,604.49 | 149.70 |
1995 | 1 | 3.82% | 95,102.95 | 150.30 |
1995 | 2 | 2.56% | 97,535.85 | 150.90 |
1995 | 3 | 3.22% | 100,672.17 | 151.40 |
1995 | 4 | 3.35% | 104,042.43 | 151.90 |
1995 | 5 | 3.18% | 107,349.34 | 152.20 |
1995 | 6 | 3.55% | 111,157.53 | 152.50 |
1995 | 7 | 0.51% | 111,727.91 | 152.50 |
1995 | 8 | 3.72% | 115,881.58 | 152.90 |
1995 | 9 | 0.91% | 116,939.08 | 153.20 |
1995 | 10 | 2.36% | 119,696.95 | 153.70 |
1995 | 11 | 3.39% | 123,753.64 | 153.60 |
1995 | 12 | 0.16% | 123,954.84 | 153.50 |
1996 | 1 | 5.90% | 131,273.62 | 154.40 |
1996 | 2 | -0.20% | 131,010.16 | 154.90 |
1996 | 3 | 0.20% | 131,268.31 | 155.70 |
1996 | 4 | 2.35% | 134,359.45 | 156.30 |
1996 | 5 | 1.28% | 136,077.36 | 156.60 |
1996 | 6 | -3.48% | 131,346.54 | 156.70 |
1996 | 7 | 3.08% | 135,386.43 | 157.00 |
1996 | 8 | 2.02% | 138,126.29 | 157.30 |
1996 | 9 | 4.12% | 143,816.40 | 157.80 |
1996 | 10 | 5.05% | 151,082.12 | 158.30 |
1996 | 11 | 1.20% | 152,892.43 | 158.60 |
1996 | 12 | 3.26% | 157,872.96 | 158.60 |
1997 | 1 | 4.36% | 164,758.06 | 159.10 |
1997 | 2 | -0.62% | 163,730.48 | 159.60 |
1997 | 3 | -3.41% | 158,155.06 | 160.00 |
1997 | 4 | 9.22% | 172,733.52 | 160.20 |
1997 | 5 | 5.34% | 181,952.01 | 160.10 |
1997 | 6 | 5.74% | 192,388.64 | 160.30 |
1997 | 7 | 0.35% | 193,057.75 | 160.50 |
1997 | 8 | 1.19% | 195,359.01 | 160.80 |
1997 | 9 | 1.65% | 198,573.40 | 161.20 |
1997 | 10 | -1.15% | 196,285.75 | 161.60 |
1997 | 11 | 2.63% | 201,457.13 | 161.50 |
1997 | 12 | 0.24% | 201,934.76 | 161.30 |
1998 | 1 | 6.40% | 214,862.94 | 161.60 |
1998 | 2 | 5.31% | 226,278.33 | 161.90 |
1998 | 3 | 3.41% | 233,984.64 | 162.20 |
1998 | 4 | -0.22% | 233,465.53 | 162.50 |
1998 | 5 | 0.12% | 233,737.41 | 162.80 |
1998 | 6 | 4.47% | 244,180.02 | 163.00 |
1998 | 7 | -6.97% | 227,158.21 | 163.20 |
1998 | 8 | -4.90% | 216,030.98 | 163.40 |
1998 | 9 | 1.29% | 218,819.63 | 163.60 |
1998 | 10 | 10.97% | 242,833.74 | 164.00 |
1998 | 11 | 4.10% | 252,799.89 | 164.00 |
1998 | 12 | 5.05% | 265,560.44 | 163.90 |
1999 | 1 | -0.07% | 265,383.28 | 164.30 |
1999 | 2 | 2.92% | 273,141.79 | 164.50 |
1999 | 3 | 4.25% | 284,750.38 | 165.00 |
1999 | 4 | -0.10% | 284,468.95 | 166.20 |
1999 | 5 | -0.61% | 282,728.66 | 166.20 |
1999 | 6 | 4.52% | 295,514.75 | 166.20 |
1999 | 7 | -3.77% | 284,360.88 | 166.70 |
1999 | 8 | -0.60% | 282,660.36 | 167.10 |
1999 | 9 | -1.27% | 279,063.59 | 167.90 |
1999 | 10 | 7.11% | 298,893.70 | 168.20 |
1999 | 11 | 2.81% | 307,288.82 | 168.30 |
1999 | 12 | -0.12% | 306,923.36 | 168.30 |
2000 | 1 | -2.48% | 299,317.56 | 168.80 |
2000 | 2 | 3.94% | 311,113.52 | 169.80 |
2000 | 3 | 1.42% | 315,545.85 | 171.20 |
2000 | 4 | -2.84% | 306,588.15 | 171.30 |
2000 | 5 | 3.16% | 316,287.01 | 171.50 |
2000 | 6 | 0.85% | 318,976.53 | 172.40 |
2000 | 7 | 0.94% | 321,973.99 | 172.80 |
2000 | 8 | -1.08% | 318,497.80 | 172.80 |
2000 | 9 | -5.21% | 301,890.59 | 173.70 |
2000 | 10 | -0.77% | 299,558.29 | 174.00 |
2000 | 11 | -3.32% | 289,612.74 | 174.10 |
2000 | 12 | 0.46% | 290,930.50 | 174.00 |
2001 | 1 | -2.14% | 284,715.47 | 175.10 |
2001 | 2 | -9.08% | 258,863.58 | 175.80 |
2001 | 3 | 0.45% | 260,025.09 | 176.20 |
2001 | 4 | 6.88% | 277,913.08 | 176.90 |
2001 | 5 | -2.39% | 271,274.70 | 177.70 |
2001 | 6 | -2.66% | 264,058.18 | 178.00 |
2001 | 7 | -2.05% | 258,655.97 | 177.50 |
2001 | 8 | -11.25% | 229,564.09 | 177.50 |
2001 | 9 | 3.18% | 236,873.49 | 178.30 |
2001 | 10 | 5.05% | 248,843.05 | 177.70 |
2001 | 11 | 1.47% | 252,491.21 | 177.40 |
2001 | 12 | -0.30% | 251,739.57 | 176.70 |
2002 | 1 | -3.35% | 243,299.33 | 177.10 |
2002 | 2 | 4.95% | 255,331.14 | 177.80 |
2002 | 3 | -3.51% | 246,357.70 | 178.80 |
2002 | 4 | -2.82% | 239,409.50 | 179.80 |
2002 | 5 | -5.92% | 225,234.16 | 179.80 |
2002 | 6 | -10.76% | 201,002.34 | 179.90 |
2002 | 7 | 1.14% | 203,291.34 | 180.10 |
2002 | 8 | -4.76% | 193,619.29 | 180.70 |
2002 | 9 | -1.37% | 190,972.43 | 181.00 |
2002 | 10 | 6.63% | 203,625.45 | 181.30 |
2002 | 11 | -1.04% | 201,517.80 | 181.30 |
2002 | 12 | -0.22% | 201,069.39 | 180.90 |
2003 | 1 | -6.41% | 188,171.12 | 181.70 |
2003 | 2 | 1.31% | 190,632.21 | 183.10 |
2003 | 3 | 5.29% | 200,708.76 | 184.20 |
2003 | 4 | 5.31% | 211,370.83 | 183.80 |
2003 | 5 | 5.70% | 223,427.81 | 183.50 |
2003 | 6 | 0.60% | 224,759.22 | 183.70 |
2003 | 7 | -0.17% | 224,385.39 | 183.90 |
2003 | 8 | 3.16% | 231,478.62 | 184.60 |
2003 | 9 | 2.03% | 236,172.61 | 185.20 |
2003 | 10 | 1.21% | 239,031.68 | 185.00 |
2003 | 11 | 3.06% | 246,355.16 | 184.50 |
2003 | 12 | 4.93% | 258,512.69 | 184.30 |
2004 | 1 | 1.09% | 261,321.85 | 185.20 |
2004 | 2 | -1.57% | 257,231.65 | 186.20 |
2004 | 3 | 0.97% | 259,722.01 | 187.40 |
2004 | 4 | -2.56% | 253,062.08 | 188.00 |
2004 | 5 | 2.86% | 260,293.77 | 189.10 |
2004 | 6 | -2.24% | 254,466.37 | 189.70 |
2004 | 7 | -1.39% | 250,935.47 | 189.40 |
2004 | 8 | 2.78% | 257,918.06 | 189.50 |
2004 | 9 | 0.10% | 258,182.67 | 189.90 |
2004 | 10 | 4.77% | 270,508.05 | 190.90 |
2004 | 11 | 2.73% | 277,886.01 | 191.00 |
2004 | 12 | -1.35% | 274,136.71 | 190.30 |
2005 | 1 | 1.68% | 278,745.52 | 190.70 |
2005 | 2 | -0.26% | 278,033.08 | 191.80 |
2005 | 3 | -2.41% | 271,335.49 | 193.30 |
2005 | 4 | 1.34% | 274,960.18 | 194.60 |
2005 | 5 | 2.18% | 280,956.23 | 194.40 |
2005 | 6 | 1.81% | 286,035.33 | 194.50 |
2005 | 7 | 0.31% | 286,922.09 | 195.40 |
2005 | 8 | 0.28% | 287,724.58 | 196.40 |
2005 | 9 | -2.62% | 280,174.06 | 198.80 |
2005 | 10 | 3.96% | 291,273.27 | 199.20 |
2005 | 11 | 2.14% | 297,518.55 | 197.60 |
2005 | 12 | 1.47% | 301,882.47 | 196.80 |
2006 | 1 | -0.02% | 301,832.23 | 198.30 |
2006 | 2 | 1.49% | 306,317.88 | 198.70 |
2006 | 3 | 0.80% | 308,763.31 | 199.80 |
2006 | 4 | -0.79% | 306,334.47 | 201.50 |
2006 | 5 | -2.71% | 298,045.69 | 202.50 |
2006 | 6 | 0.72% | 300,191.74 | 202.90 |
2006 | 7 | 2.29% | 307,071.41 | 203.50 |
2006 | 8 | 2.53% | 314,843.92 | 203.90 |
2006 | 9 | 3.62% | 326,228.41 | 202.90 |
2006 | 10 | 2.00% | 332,758.33 | 201.80 |
2006 | 11 | 2.15% | 339,906.86 | 201.50 |
2006 | 12 | 0.69% | 342,261.83 | 201.80 |
2007 | 1 | 1.60% | 347,724.49 | 202.42 |
2007 | 2 | -2.47% | 339,122.17 | 203.50 |
2007 | 3 | 4.18% | 353,298.36 | 205.35 |
2007 | 4 | 3.39% | 365,281.36 | 206.69 |
2007 | 5 | 0.34% | 366,541.22 | 207.95 |
2007 | 6 | 0.57% | 368,647.44 | 208.35 |
2007 | 7 | -4.20% | 353,160.17 | 208.30 |
2007 | 8 | 3.07% | 364,018.93 | 207.92 |
2007 | 9 | 2.99% | 374,909.04 | 208.49 |
2007 | 10 | -4.81% | 356,889.75 | 208.94 |
2007 | 11 | 1.24% | 361,308.84 | 210.18 |
2007 | 12 | -6.64% | 337,335.28 | 210.04 |
2008 | 1 | -1.56% | 332,059.47 | 211.08 |
2008 | 2 | -2.63% | 323,337.48 | 211.69 |
2008 | 3 | 4.24% | 337,059.29 | 213.53 |
2008 | 4 | 2.56% | 345,696.78 | 214.82 |
2008 | 5 | -4.25% | 331,016.48 | 216.63 |
2008 | 6 | -6.08% | 310,895.74 | 218.82 |
2008 | 7 | 2.11% | 317,457.30 | 219.96 |
2008 | 8 | -4.85% | 302,068.45 | 219.09 |
2008 | 9 | -20.19% | 241,070.00 | 218.78 |
2008 | 10 | -8.61% | 220,325.09 | 216.57 |
2008 | 11 | -0.35% | 219,551.27 | 212.43 |
2008 | 12 | -1.10% | 217,145.96 | 210.23 |
2009 | 1 | -6.70% | 202,591.74 | 211.14 |
2009 | 2 | -5.69% | 191,069.46 | 212.19 |
2009 | 3 | 12.32% | 214,612.56 | 212.71 |
2009 | 4 | 6.66% | 228,905.37 | 213.24 |
2009 | 5 | 2.87% | 235,472.35 | 213.86 |
2009 | 6 | 1.28% | 238,480.85 | 215.69 |
2009 | 7 | 8.12% | 257,847.27 | 215.35 |
2009 | 8 | 3.65% | 267,259.58 | 215.83 |
2009 | 9 | 2.40% | 273,682.11 | 215.97 |
2009 | 10 | 2.09% | 279,413.91 | 216.18 |
2009 | 11 | 2.23% | 285,633.26 | 216.33 |
2009 | 12 | 1.36% | 289,509.22 | 215.95 |
2010 | 1 | -2.90% | 281,117.87 | 216.69 |
2010 | 2 | 5.94% | 297,824.80 | 216.74 |
2010 | 3 | 4.09% | 309,999.67 | 217.63 |
2010 | 4 | -5.88% | 291,764.26 | 218.01 |
2010 | 5 | -3.54% | 281,425.41 | 218.18 |
2010 | 6 | -0.16% | 280,977.74 | 217.97 |
2010 | 7 | 0.86% | 283,404.29 | 218.01 |
2010 | 8 | 3.37% | 292,958.29 | 218.31 |
2010 | 9 | 4.58% | 306,368.27 | 218.44 |
2010 | 10 | 2.49% | 313,999.64 | 218.71 |
2010 | 11 | 3.71% | 325,660.76 | 218.80 |
2010 | 12 | 3.46% | 336,935.77 | 219.18 |
2011 | 1 | 3.15% | 347,552.15 | 220.22 |
2011 | 2 | -1.11% | 343,685.77 | 221.31 |
2011 | 3 | 2.22% | 351,318.97 | 223.47 |
2011 | 4 | 0.66% | 353,634.99 | 224.91 |
2011 | 5 | -3.66% | 340,682.75 | 225.96 |
2011 | 6 | 3.10% | 351,249.83 | 225.72 |
2011 | 7 | -10.40% | 314,717.58 | 225.92 |
2011 | 8 | -0.79% | 312,233.69 | 226.55 |
2011 | 9 | 3.02% | 321,659.73 | 226.89 |
2011 | 10 | 1.77% | 327,343.85 | 226.42 |
2011 | 11 | 1.55% | 332,433.23 | 226.23 |
2011 | 12 | 4.78% | 348,332.04 | 225.67 |
2012 | 1 | 4.16% | 362,831.74 | 226.67 |
2012 | 2 | 2.88% | 373,295.22 | 227.66 |
2012 | 3 | -0.04% | 373,152.58 | 229.39 |
2012 | 4 | -3.09% | 361,618.61 | 230.09 |
2012 | 5 | -1.15% | 357,451.28 | 229.82 |
2012 | 6 | 2.92% | 367,892.74 | 229.48 |
2012 | 7 | 3.39% | 380,355.85 | 229.10 |
2012 | 8 | 3.02% | 391,847.03 | 230.38 |
2012 | 9 | -0.22% | 390,996.19 | 231.41 |
2012 | 10 | -2.84% | 379,901.70 | 231.32 |
2012 | 11 | 2.18% | 388,166.60 | 230.22 |
2012 | 12 | 4.27% | 404,736.50 | 229.60 |
2013 | 1 | 2.33% | 414,179.09 | 230.28 |
2013 | 2 | 2.72% | 425,454.93 | 232.17 |
2013 | 3 | 1.45% | 431,640.15 | 232.77 |
2013 | 4 | 4.57% | 451,384.54 | 232.53 |
2013 | 5 | -1.12% | 446,339.08 | 232.95 |
2013 | 6 | 3.25% | 460,865.08 | 233.50 |
2013 | 7 | 0.25% | 462,028.89 | 233.60 |
2013 | 8 | 1.19% | 467,538.44 | 233.88 |
2013 | 9 | 2.12% | 477,438.80 | 234.15 |
2013 | 10 | 3.86% | 495,867.91 | 233.55 |
2013 | 11 | 1.52% | 503,413.34 | 233.07 |
2013 | 12 | 0.97% | 508,285.41 | 233.05 |
2014 | 1 | -0.13% | 507,624.46 | 233.92 |
2014 | 2 | 2.72% | 521,443.36 | 234.78 |
2014 | 3 | 0.20% | 522,495.24 | 236.29 |
2014 | 4 | 1.53% | 530,500.05 | 237.07 |
2014 | 5 | 3.20% | 547,456.52 | 237.90 |
2014 | 6 | 1.50% | 555,645.49 | 238.34 |
2014 | 7 | -0.43% | 553,273.16 | 238.25 |
2014 | 8 | 1.78% | 563,110.54 | 237.85 |
2014 | 9 | -2.65% | 548,207.35 | 238.03 |
2014 | 10 | 5.71% | 579,486.15 | 237.43 |
2014 | 11 | 0.63% | 583,159.45 | 236.15 |
2014 | 12 | -1.11% | 576,686.11 | 234.81 |
2015 | 1 | 2.83% | 592,991.32 | 233.71 |
2015 | 2 | 0.06% | 593,319.62 | 234.72 |
2015 | 3 | 0.88% | 598,531.40 | 236.12 |
2015 | 4 | 0.98% | 604,390.45 | 236.60 |
2015 | 5 | -0.44% | 601,758.33 | 237.81 |
2015 | 6 | -0.08% | 601,279.15 | 238.64 |
2015 | 7 | -2.42% | 586,701.75 | 238.65 |
2015 | 8 | -4.51% | 560,258.54 | 238.32 |
2015 | 9 | 4.32% | 584,445.57 | 237.95 |
2015 | 10 | 2.93% | 601,584.26 | 237.84 |
2015 | 11 | -1.10% | 594,948.97 | 237.34 |
2015 | 12 | -6.42% | 556,755.49 | 236.53 |
2016 | 1 | -0.55% | 553,693.85 | 236.92 |
2016 | 2 | 6.36% | 588,923.88 | 237.11 |
2016 | 3 | 2.83% | 605,597.84 | 238.13 |
2016 | 4 | -0.30% | 603,754.61 | 239.26 |
2016 | 5 | 1.07% | 610,193.60 | 240.23 |
2016 | 6 | 3.30% | 630,314.36 | 241.02 |
2016 | 7 | 1.20% | 637,873.45 | 240.63 |
2016 | 8 | -0.44% | 635,075.28 | 240.85 |
2016 | 9 | -0.51% | 631,861.92 | 241.43 |
2016 | 10 | 1.20% | 639,451.60 | 241.73 |
2016 | 11 | 3.95% | 664,684.13 | 241.35 |
2016 | 12 | 1.44% | 674,239.86 | 241.43 |
2017 | 1 | 2.58% | 691,611.28 | 242.84 |
2017 | 2 | 1.75% | 703,709.34 | 243.60 |
2017 | 3 | -0.15% | 702,625.59 | 243.80 |
2017 | 4 | 1.69% | 714,516.64 | 244.52 |
2017 | 5 | 1.78% | 727,209.52 | 244.73 |
2017 | 6 | 0.99% | 734,393.50 | 244.96 |
2017 | 7 | 0.25% | 736,213.37 | 244.79 |
2017 | 8 | 1.65% | 748,384.91 | 245.52 |
2017 | 9 | 2.73% | 768,851.74 | 246.82 |
2017 | 10 | 1.59% | 781,073.16 | 246.66 |
2017 | 11 | 2.88% | 803,595.30 | 246.67 |
2017 | 12 | 4.86% | 842,665.29 | 246.52 |
2018 | 1 | -2.89% | 818,340.18 | 247.87 |
2018 | 2 | 0.06% | 818,868.65 | 248.99 |
2018 | 3 | -1.66% | 805,242.91 | 249.55 |
2018 | 4 | 1.96% | 821,038.72 | 250.55 |
2018 | 5 | 2.11% | 838,387.02 | 251.59 |
2018 | 6 | 1.58% | 851,639.76 | 251.99 |
2018 | 7 | 2.45% | 872,511.79 | 252.01 |
2018 | 8 | 1.68% | 887,167.79 | 252.15 |
2018 | 9 | -3.85% | 853,020.82 | 252.44 |
2018 | 10 | -2.08% | 835,311.18 | 252.89 |
2018 | 11 | -5.56% | 788,846.90 | 252.04 |
2018 | 12 | 1.74% | 802,538.41 | 251.23 |
2019 | 1 | 5.83% | 849,317.59 | 251.71 |
2019 | 2 | 1.95% | 865,862.49 | 252.78 |
2019 | 3 | 3.72% | 898,100.45 | 254.20 |
2019 | 4 | -1.53% | 884,343.45 | 255.55 |
2019 | 5 | 1.40% | 896,766.26 | 256.09 |
2019 | 6 | 3.83% | 931,088.58 | 256.14 |
2019 | 7 | -3.13% | 901,904.41 | 256.57 |
2019 | 8 | 3.09% | 929,730.22 | 256.56 |
2019 | 9 | 0.01% | 929,821.35 | 256.76 |
2019 | 10 | 4.43% | 971,046.77 | 257.35 |
2019 | 11 | 2.47% | 995,025.02 | 257.21 |
2019 | 12 | 3.35% | 1,028,322.52 | 256.97 |
2020 | 1 | 0.12% | 1,029,577.86 | 257.97 |
2020 | 2 | -18.92% | 834,805.32 | 258.68 |
2020 | 3 | 4.32% | 870,857.34 | 258.12 |
2020 | 4 | 5.89% | 922,127.89 | 256.39 |
2020 | 5 | 6.51% | 982,142.48 | 256.39 |
2020 | 6 | 3.48% | 1,016,286.03 | 257.80 |
2020 | 7 | 5.89% | 1,076,180.89 | 259.10 |
2020 | 8 | -0.63% | 1,069,433.21 | 259.92 |
2020 | 9 | 1.73% | 1,087,891.64 | 260.28 |
2020 | 10 | 3.95% | 1,130,908.14 | 260.39 |
2020 | 11 | 4.26% | 1,179,085.74 | 260.23 |
2020 | 12 | 2.80% | 1,212,044.72 | 260.47 |
2021 | 1 | 2.49% | 1,242,243.16 | 261.58 |
2021 | 2 | 0.82% | 1,252,446.42 | 263.01 |
2021 | 3 | 6.02% | 1,327,862.31 | 264.88 |
2021 | 4 | 0.76% | 1,337,957.14 | 267.05 |
2021 | 5 | 1.81% | 1,362,179.82 | 269.20 |
2021 | 6 | 3.07% | 1,403,974.24 | 271.70 |
2021 | 7 | 2.19% | 1,434,653.35 | 273.00 |
2021 | 8 | -0.08% | 1,433,441.08 | 273.57 |
2021 | 9 | 0.45% | 1,439,922.76 | 274.31 |
2021 | 10 | 4.74% | 1,508,243.41 | 276.59 |
2021 | 11 | 0.27% | 1,512,246.34 | 277.95 |
2021 | 12 | -2.05% | 1,481,215.76 | 278.80 |
2022 | 1 | -2.90% | 1,438,222.44 | 281.15 |
2022 | 2 | -0.89% | 1,425,385.10 | 283.72 |
2022 | 3 | 0.12% | 1,427,071.36 | 287.50 |
2022 | 4 | -7.87% | 1,314,721.88 | 289.11 |
2022 | 5 | -3.37% | 1,270,423.84 | 292.30 |
2022 | 6 | 0.46% | 1,276,327.31 | 296.31 |
2022 | 7 | 6.45% | 1,358,617.16 | 296.28 |
2022 | 8 | -7.28% | 1,259,745.10 | 296.17 |
2022 | 9 | -3.09% | 1,220,804.17 | 296.81 |
2022 | 10 | 5.29% | 1,285,324.82 | 298.01 |
2022 | 11 | 0.01% | 1,285,464.12 | 297.71 |
2022 | 12 | 1.38% | 1,303,157.97 | 296.80 |
2023 | 1 | 3.15% | 1,344,167.98 | 299.17 |
2023 | 2 | -2.59% | 1,309,415.50 | 300.84 |
2023 | 3 | 4.00% | 1,361,742.64 | 301.84 |
2023 | 4 | 0.74% | 1,371,788.15 | 303.36 |
2023 | 5 | 4.94% | 1,439,584.48 | 304.13 |
2023 | 6 | 3.88% | 1,495,383.38 | 305.11 |
2023 | 7 | -1.00% | 1,480,464.89 | 305.69 |
2023 | 8 | -0.95% | 1,466,347.51 | 307.03 |
2023 | 9 | -3.04% | 1,421,809.96 | 307.79 |
2023 | 10 | 4.60% | 1,487,237.72 | 307.67 |
2023 | 11 | 5.18% | 1,564,205.95 | 307.05 |
2023 | 12 | 2.91% | 1,609,753.07 | 306.75 |
2024 | 1 | 4.20% | 1,677,350.97 | 308.42 |
2024 | 2 | 3.28% | 1,732,403.65 | 310.33 |
2024 | 3 | -1.01% | 1,714,921.47 | 312.33 |
2024 | 4 | 2.52% | 1,758,081.12 | 313.55 |
2024 | 5 | 3.55% | 1,820,503.27 | 314.07 |
2024 | 6 | 2.38% | 1,863,825.09 | 314.18 |
2024 | 7 | -0.97% | 1,845,734.60 | 314.54 |
2024 | 8 | 2.72% | 1,895,977.54 | 314.80 |
2024 | 9 | 3.15% | 1,955,736.59 | 315.30 |
2024 | 10 | 4.40% | 2,041,778.33 | 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 $10,000.00 up-front. Instead, the capital is invested over a period of time.
Consider a strategy in which $10,000.00 was invested in the S&P 500 over a period of no more than 24 months beginning in 1977. This would result in a final amount of $2,084,223.82, including dividend reinvestments. In this particular case, dollar-cost average returns are greater than the returns of a lump-sum investment (which ends with $2,041,778.33).
Year | Month | Contribution ($) | Amount ($) |
---|---|---|---|
1977 | 1 | 416.66 | 405.42 |
1977 | 2 | 416.66 | 820.21 |
1977 | 3 | 416.66 | 1,220.66 |
1977 | 4 | 416.66 | 1,636.89 |
1977 | 5 | 416.66 | 2,070.51 |
1977 | 6 | 416.66 | 2,517.54 |
1977 | 7 | 416.66 | 2,871.69 |
1977 | 8 | 416.66 | 3,248.12 |
1977 | 9 | 416.66 | 3,582.60 |
1977 | 10 | 416.66 | 4,036.82 |
1977 | 11 | 416.66 | 4,448.21 |
1977 | 12 | 416.66 | 4,698.20 |
1978 | 1 | 416.66 | 5,063.33 |
1978 | 2 | 416.66 | 5,492.70 |
1978 | 3 | 416.66 | 6,192.90 |
1978 | 4 | 416.66 | 6,971.56 |
1978 | 5 | 416.66 | 7,436.25 |
1978 | 6 | 416.66 | 7,846.27 |
1978 | 7 | 416.66 | 8,866.68 |
1978 | 8 | 416.66 | 9,318.78 |
1978 | 9 | 416.66 | 9,463.75 |
1978 | 10 | 416.66 | 9,341.41 |
1978 | 11 | 416.66 | 9,943.85 |
1978 | 12 | 416.82 | 10,792.46 |
1979 | 1 | - | 10,678.39 |
1979 | 2 | - | 10,928.39 |
1979 | 3 | - | 11,194.05 |
1979 | 4 | - | 10,982.14 |
1979 | 5 | - | 11,247.65 |
1979 | 6 | - | 11,407.46 |
1979 | 7 | - | 11,979.47 |
1979 | 8 | - | 12,164.01 |
1979 | 9 | - | 11,756.21 |
1979 | 10 | - | 11,718.30 |
1979 | 11 | - | 12,234.38 |
1979 | 12 | - | 12,639.63 |
1980 | 1 | - | 13,195.25 |
1980 | 2 | - | 12,037.00 |
1980 | 3 | - | 11,897.12 |
1980 | 4 | - | 12,496.28 |
1980 | 5 | - | 13,353.86 |
1980 | 6 | - | 14,017.47 |
1980 | 7 | - | 14,508.74 |
1980 | 8 | - | 14,920.18 |
1980 | 9 | - | 15,416.24 |
1980 | 10 | - | 16,127.65 |
1980 | 11 | - | 15,926.90 |
1980 | 12 | - | 15,928.49 |
1981 | 1 | - | 15,439.46 |
1981 | 2 | - | 16,079.16 |
1981 | 3 | - | 16,287.19 |
1981 | 4 | - | 16,023.78 |
1981 | 5 | - | 16,161.20 |
1981 | 6 | - | 15,835.35 |
1981 | 7 | - | 15,962.44 |
1981 | 8 | - | 14,637.13 |
1981 | 9 | - | 14,889.95 |
1981 | 10 | - | 15,343.16 |
1981 | 11 | - | 15,524.11 |
1981 | 12 | - | 14,778.32 |
1982 | 1 | - | 14,495.47 |
1982 | 2 | - | 14,097.64 |
1982 | 3 | - | 14,868.68 |
1982 | 4 | - | 14,953.38 |
1982 | 5 | - | 14,165.25 |
1982 | 6 | - | 14,199.79 |
1982 | 7 | - | 14,312.53 |
1982 | 8 | - | 16,043.83 |
1982 | 9 | - | 17,468.75 |
1982 | 10 | - | 18,254.82 |
1982 | 11 | - | 18,502.27 |
1982 | 12 | - | 19,228.62 |
1983 | 1 | - | 19,638.19 |
1983 | 2 | - | 20,397.33 |
1983 | 3 | - | 21,253.49 |
1983 | 4 | - | 22,193.74 |
1983 | 5 | - | 22,582.91 |
1983 | 6 | - | 22,742.83 |
1983 | 7 | - | 22,195.37 |
1983 | 8 | - | 22,930.88 |
1983 | 9 | - | 23,079.46 |
1983 | 10 | - | 22,816.02 |
1983 | 11 | - | 22,786.79 |
1983 | 12 | - | 23,145.90 |
1984 | 1 | - | 21,962.64 |
1984 | 2 | - | 22,059.79 |
1984 | 3 | - | 22,171.68 |
1984 | 4 | - | 22,115.68 |
1984 | 5 | - | 21,706.91 |
1984 | 6 | - | 21,509.72 |
1984 | 7 | - | 23,490.02 |
1984 | 8 | - | 23,820.52 |
1984 | 9 | - | 23,722.28 |
1984 | 10 | - | 24,027.33 |
1984 | 11 | - | 23,857.32 |
1984 | 12 | - | 24,978.03 |
1985 | 1 | - | 26,423.60 |
1985 | 2 | - | 26,297.21 |
1985 | 3 | - | 26,566.69 |
1985 | 4 | - | 27,293.45 |
1985 | 5 | - | 27,978.78 |
1985 | 6 | - | 28,607.53 |
1985 | 7 | - | 28,079.63 |
1985 | 8 | - | 27,550.33 |
1985 | 9 | - | 27,962.36 |
1985 | 10 | - | 29,757.69 |
1985 | 11 | - | 31,333.22 |
1985 | 12 | - | 31,568.76 |
1986 | 1 | - | 33,367.31 |
1986 | 2 | - | 35,430.33 |
1986 | 3 | - | 36,401.63 |
1986 | 4 | - | 36,580.66 |
1986 | 5 | - | 37,726.82 |
1986 | 6 | - | 37,046.26 |
1986 | 7 | - | 37,891.23 |
1986 | 8 | - | 36,960.54 |
1986 | 9 | - | 36,927.32 |
1986 | 10 | - | 38,231.94 |
1986 | 11 | - | 38,885.30 |
1986 | 12 | - | 41,480.26 |
1987 | 1 | - | 44,160.67 |
1987 | 2 | - | 46,093.32 |
1987 | 3 | - | 45,698.57 |
1987 | 4 | - | 45,777.55 |
1987 | 5 | - | 47,836.83 |
1987 | 6 | - | 49,330.34 |
1987 | 7 | - | 52,514.13 |
1987 | 8 | - | 50,922.73 |
1987 | 9 | - | 44,886.40 |
1987 | 10 | - | 39,363.84 |
1987 | 11 | - | 38,838.46 |
1987 | 12 | - | 40,487.75 |
1988 | 1 | - | 41,835.41 |
1988 | 2 | - | 43,187.55 |
1988 | 3 | - | 42,804.90 |
1988 | 4 | - | 41,868.22 |
1988 | 5 | - | 44,379.56 |
1988 | 6 | - | 44,243.35 |
1988 | 7 | - | 43,483.03 |
1988 | 8 | - | 44,321.02 |
1988 | 9 | - | 46,005.94 |
1988 | 10 | - | 45,076.50 |
1988 | 11 | - | 46,124.96 |
1988 | 12 | - | 47,745.17 |
1989 | 1 | - | 49,320.69 |
1989 | 2 | - | 49,240.96 |
1989 | 3 | - | 50,996.30 |
1989 | 4 | - | 53,094.96 |
1989 | 5 | - | 54,896.27 |
1989 | 6 | - | 56,433.46 |
1989 | 7 | - | 59,080.61 |
1989 | 8 | - | 59,349.75 |
1989 | 9 | - | 59,519.64 |
1989 | 10 | - | 58,440.22 |
1989 | 11 | - | 60,039.56 |
1989 | 12 | - | 58,711.95 |
1990 | 1 | - | 57,228.19 |
1990 | 2 | - | 58,777.45 |
1990 | 3 | - | 58,892.65 |
1990 | 4 | - | 61,160.56 |
1990 | 5 | - | 63,099.32 |
1990 | 6 | - | 63,206.42 |
1990 | 7 | - | 58,237.62 |
1990 | 8 | - | 55,709.49 |
1990 | 9 | - | 54,419.38 |
1990 | 10 | - | 56,043.16 |
1990 | 11 | - | 58,613.64 |
1990 | 12 | - | 58,212.03 |
1991 | 1 | - | 64,968.57 |
1991 | 2 | - | 66,946.62 |
1991 | 3 | - | 68,458.83 |
1991 | 4 | - | 68,336.37 |
1991 | 5 | - | 68,573.50 |
1991 | 6 | - | 69,108.71 |
1991 | 7 | - | 70,960.09 |
1991 | 8 | - | 70,745.01 |
1991 | 9 | - | 70,873.51 |
1991 | 10 | - | 70,884.71 |
1991 | 11 | - | 71,547.58 |
1991 | 12 | - | 76,812.07 |
1992 | 1 | - | 76,350.54 |
1992 | 2 | - | 75,577.59 |
1992 | 3 | - | 75,777.34 |
1992 | 4 | - | 77,344.68 |
1992 | 5 | - | 76,316.68 |
1992 | 6 | - | 77,775.95 |
1992 | 7 | - | 78,508.39 |
1992 | 8 | - | 78,805.29 |
1992 | 9 | - | 77,873.77 |
1992 | 10 | - | 80,020.68 |
1992 | 11 | - | 82,638.31 |
1992 | 12 | - | 82,756.40 |
1993 | 1 | - | 84,183.32 |
1993 | 2 | - | 85,993.39 |
1993 | 3 | - | 84,839.58 |
1993 | 4 | - | 85,454.43 |
1993 | 5 | - | 86,193.77 |
1993 | 6 | - | 86,246.35 |
1993 | 7 | - | 87,766.41 |
1993 | 8 | - | 88,955.62 |
1993 | 9 | - | 90,060.37 |
1993 | 10 | - | 90,067.16 |
1993 | 11 | - | 90,866.22 |
1993 | 12 | - | 92,443.55 |
1994 | 1 | - | 92,373.57 |
1994 | 2 | - | 91,058.34 |
1994 | 3 | - | 88,011.18 |
1994 | 4 | - | 88,942.55 |
1994 | 5 | - | 89,928.12 |
1994 | 6 | - | 89,461.51 |
1994 | 7 | - | 92,218.78 |
1994 | 8 | - | 92,972.64 |
1994 | 9 | - | 92,559.83 |
1994 | 10 | - | 92,217.47 |
1994 | 11 | - | 91,271.59 |
1994 | 12 | - | 93,508.81 |
1995 | 1 | - | 97,080.00 |
1995 | 2 | - | 99,563.47 |
1995 | 3 | - | 102,764.99 |
1995 | 4 | - | 106,205.31 |
1995 | 5 | - | 109,580.97 |
1995 | 6 | - | 113,468.33 |
1995 | 7 | - | 114,050.56 |
1995 | 8 | - | 118,290.58 |
1995 | 9 | - | 119,370.06 |
1995 | 10 | - | 122,185.27 |
1995 | 11 | - | 126,326.30 |
1995 | 12 | - | 126,531.68 |
1996 | 1 | - | 134,002.60 |
1996 | 2 | - | 133,733.67 |
1996 | 3 | - | 133,997.18 |
1996 | 4 | - | 137,152.58 |
1996 | 5 | - | 138,906.20 |
1996 | 6 | - | 134,077.04 |
1996 | 7 | - | 138,200.91 |
1996 | 8 | - | 140,997.72 |
1996 | 9 | - | 146,806.12 |
1996 | 10 | - | 154,222.89 |
1996 | 11 | - | 156,070.83 |
1996 | 12 | - | 161,154.90 |
1997 | 1 | - | 168,183.13 |
1997 | 2 | - | 167,134.19 |
1997 | 3 | - | 161,442.86 |
1997 | 4 | - | 176,324.39 |
1997 | 5 | - | 185,734.52 |
1997 | 6 | - | 196,388.11 |
1997 | 7 | - | 197,071.13 |
1997 | 8 | - | 199,420.23 |
1997 | 9 | - | 202,701.44 |
1997 | 10 | - | 200,366.23 |
1997 | 11 | - | 205,645.11 |
1997 | 12 | - | 206,132.68 |
1998 | 1 | - | 219,329.62 |
1998 | 2 | - | 230,982.32 |
1998 | 3 | - | 238,848.83 |
1998 | 4 | - | 238,318.92 |
1998 | 5 | - | 238,596.46 |
1998 | 6 | - | 249,256.15 |
1998 | 7 | - | 231,880.49 |
1998 | 8 | - | 220,521.94 |
1998 | 9 | - | 223,368.56 |
1998 | 10 | - | 247,881.89 |
1998 | 11 | - | 258,055.22 |
1998 | 12 | - | 271,081.04 |
1999 | 1 | - | 270,900.20 |
1999 | 2 | - | 278,819.99 |
1999 | 3 | - | 290,669.91 |
1999 | 4 | - | 290,382.63 |
1999 | 5 | - | 288,606.17 |
1999 | 6 | - | 301,658.06 |
1999 | 7 | - | 290,272.32 |
1999 | 8 | - | 288,536.44 |
1999 | 9 | - | 284,864.90 |
1999 | 10 | - | 305,107.25 |
1999 | 11 | - | 313,676.89 |
1999 | 12 | - | 313,303.83 |
2000 | 1 | - | 305,539.92 |
2000 | 2 | - | 317,581.11 |
2000 | 3 | - | 322,105.57 |
2000 | 4 | - | 312,961.66 |
2000 | 5 | - | 322,862.14 |
2000 | 6 | - | 325,607.57 |
2000 | 7 | - | 328,667.34 |
2000 | 8 | - | 325,118.89 |
2000 | 9 | - | 308,166.44 |
2000 | 10 | - | 305,785.66 |
2000 | 11 | - | 295,633.35 |
2000 | 12 | - | 296,978.50 |
2001 | 1 | - | 290,634.27 |
2001 | 2 | - | 264,244.96 |
2001 | 3 | - | 265,430.62 |
2001 | 4 | - | 283,690.47 |
2001 | 5 | - | 276,914.09 |
2001 | 6 | - | 269,547.55 |
2001 | 7 | - | 264,033.04 |
2001 | 8 | - | 234,336.39 |
2001 | 9 | - | 241,797.73 |
2001 | 10 | - | 254,016.12 |
2001 | 11 | - | 257,740.12 |
2001 | 12 | - | 256,972.86 |
2002 | 1 | - | 248,357.15 |
2002 | 2 | - | 260,639.09 |
2002 | 3 | - | 251,479.10 |
2002 | 4 | - | 244,386.46 |
2002 | 5 | - | 229,916.44 |
2002 | 6 | - | 205,180.88 |
2002 | 7 | - | 207,517.46 |
2002 | 8 | - | 197,644.34 |
2002 | 9 | - | 194,942.46 |
2002 | 10 | - | 207,858.52 |
2002 | 11 | - | 205,707.06 |
2002 | 12 | - | 205,249.32 |
2003 | 1 | - | 192,082.91 |
2003 | 2 | - | 194,595.16 |
2003 | 3 | - | 204,881.19 |
2003 | 4 | - | 215,764.91 |
2003 | 5 | - | 228,072.54 |
2003 | 6 | - | 229,431.63 |
2003 | 7 | - | 229,050.03 |
2003 | 8 | - | 236,290.71 |
2003 | 9 | - | 241,082.28 |
2003 | 10 | - | 244,000.79 |
2003 | 11 | - | 251,476.51 |
2003 | 12 | - | 263,886.78 |
2004 | 1 | - | 266,754.34 |
2004 | 2 | - | 262,579.11 |
2004 | 3 | - | 265,121.24 |
2004 | 4 | - | 258,322.86 |
2004 | 5 | - | 265,704.89 |
2004 | 6 | - | 259,756.34 |
2004 | 7 | - | 256,152.04 |
2004 | 8 | - | 263,279.79 |
2004 | 9 | - | 263,549.90 |
2004 | 10 | - | 276,131.50 |
2004 | 11 | - | 283,662.84 |
2004 | 12 | - | 279,835.60 |
2005 | 1 | - | 284,540.22 |
2005 | 2 | - | 283,812.97 |
2005 | 3 | - | 276,976.14 |
2005 | 4 | - | 280,676.19 |
2005 | 5 | - | 286,796.88 |
2005 | 6 | - | 291,981.57 |
2005 | 7 | - | 292,886.77 |
2005 | 8 | - | 293,705.94 |
2005 | 9 | - | 285,998.46 |
2005 | 10 | - | 297,328.40 |
2005 | 11 | - | 303,703.52 |
2005 | 12 | - | 308,158.15 |
2006 | 1 | - | 308,106.87 |
2006 | 2 | - | 312,685.76 |
2006 | 3 | - | 315,182.03 |
2006 | 4 | - | 312,702.70 |
2006 | 5 | - | 304,241.61 |
2006 | 6 | - | 306,432.27 |
2006 | 7 | - | 313,454.96 |
2006 | 8 | - | 321,389.05 |
2006 | 9 | - | 333,010.20 |
2006 | 10 | - | 339,675.88 |
2006 | 11 | - | 346,973.02 |
2006 | 12 | - | 349,376.94 |
2007 | 1 | - | 354,953.16 |
2007 | 2 | - | 346,172.01 |
2007 | 3 | - | 360,642.89 |
2007 | 4 | - | 372,875.01 |
2007 | 5 | - | 374,161.06 |
2007 | 6 | - | 376,311.07 |
2007 | 7 | - | 360,501.83 |
2007 | 8 | - | 371,586.34 |
2007 | 9 | - | 382,702.84 |
2007 | 10 | - | 364,308.95 |
2007 | 11 | - | 368,819.90 |
2007 | 12 | - | 344,347.97 |
2008 | 1 | - | 338,962.49 |
2008 | 2 | - | 330,059.18 |
2008 | 3 | - | 344,066.24 |
2008 | 4 | - | 352,883.30 |
2008 | 5 | - | 337,897.82 |
2008 | 6 | - | 317,358.79 |
2008 | 7 | - | 324,056.76 |
2008 | 8 | - | 308,347.99 |
2008 | 9 | - | 246,081.48 |
2008 | 10 | - | 224,905.31 |
2008 | 11 | - | 224,115.41 |
2008 | 12 | - | 221,660.09 |
2009 | 1 | - | 206,803.31 |
2009 | 2 | - | 195,041.51 |
2009 | 3 | - | 219,074.03 |
2009 | 4 | - | 233,663.97 |
2009 | 5 | - | 240,367.47 |
2009 | 6 | - | 243,438.50 |
2009 | 7 | - | 263,207.52 |
2009 | 8 | - | 272,815.50 |
2009 | 9 | - | 279,371.55 |
2009 | 10 | - | 285,222.50 |
2009 | 11 | - | 291,571.15 |
2009 | 12 | - | 295,527.68 |
2010 | 1 | - | 286,961.89 |
2010 | 2 | - | 304,016.13 |
2010 | 3 | - | 316,444.10 |
2010 | 4 | - | 297,829.60 |
2010 | 5 | - | 287,275.82 |
2010 | 6 | - | 286,818.84 |
2010 | 7 | - | 289,295.84 |
2010 | 8 | - | 299,048.45 |
2010 | 9 | - | 312,737.21 |
2010 | 10 | - | 320,527.22 |
2010 | 11 | - | 332,430.76 |
2010 | 12 | - | 343,940.15 |
2011 | 1 | - | 354,777.24 |
2011 | 2 | - | 350,830.48 |
2011 | 3 | - | 358,622.36 |
2011 | 4 | - | 360,986.53 |
2011 | 5 | - | 347,765.03 |
2011 | 6 | - | 358,551.79 |
2011 | 7 | - | 321,260.08 |
2011 | 8 | - | 318,724.55 |
2011 | 9 | - | 328,346.55 |
2011 | 10 | - | 334,148.83 |
2011 | 11 | - | 339,344.02 |
2011 | 12 | - | 355,573.34 |
2012 | 1 | - | 370,374.47 |
2012 | 2 | - | 381,055.46 |
2012 | 3 | - | 380,909.86 |
2012 | 4 | - | 369,136.12 |
2012 | 5 | - | 364,882.15 |
2012 | 6 | - | 375,540.68 |
2012 | 7 | - | 388,262.87 |
2012 | 8 | - | 399,992.94 |
2012 | 9 | - | 399,124.41 |
2012 | 10 | - | 387,799.28 |
2012 | 11 | - | 396,235.99 |
2012 | 12 | - | 413,150.36 |
2013 | 1 | - | 422,789.25 |
2013 | 2 | - | 434,299.49 |
2013 | 3 | - | 440,613.30 |
2013 | 4 | - | 460,768.14 |
2013 | 5 | - | 455,617.79 |
2013 | 6 | - | 470,445.77 |
2013 | 7 | - | 471,633.78 |
2013 | 8 | - | 477,257.86 |
2013 | 9 | - | 487,364.03 |
2013 | 10 | - | 506,176.25 |
2013 | 11 | - | 513,878.54 |
2013 | 12 | - | 518,851.90 |
2014 | 1 | - | 518,177.20 |
2014 | 2 | - | 532,283.38 |
2014 | 3 | - | 533,357.13 |
2014 | 4 | - | 541,528.34 |
2014 | 5 | - | 558,837.31 |
2014 | 6 | - | 567,196.52 |
2014 | 7 | - | 564,774.87 |
2014 | 8 | - | 574,816.76 |
2014 | 9 | - | 559,603.75 |
2014 | 10 | - | 591,532.80 |
2014 | 11 | - | 595,282.45 |
2014 | 12 | - | 588,674.54 |
2015 | 1 | - | 605,318.72 |
2015 | 2 | - | 605,653.84 |
2015 | 3 | - | 610,973.96 |
2015 | 4 | - | 616,954.81 |
2015 | 5 | - | 614,267.97 |
2015 | 6 | - | 613,778.83 |
2015 | 7 | - | 598,898.39 |
2015 | 8 | - | 571,905.47 |
2015 | 9 | - | 596,595.31 |
2015 | 10 | - | 614,090.29 |
2015 | 11 | - | 607,317.06 |
2015 | 12 | - | 568,329.60 |
2016 | 1 | - | 565,204.30 |
2016 | 2 | - | 601,166.71 |
2016 | 3 | - | 618,187.31 |
2016 | 4 | - | 616,305.76 |
2016 | 5 | - | 622,878.60 |
2016 | 6 | - | 643,417.64 |
2016 | 7 | - | 651,133.88 |
2016 | 8 | - | 648,277.54 |
2016 | 9 | - | 644,997.38 |
2016 | 10 | - | 652,744.83 |
2016 | 11 | - | 678,501.91 |
2016 | 12 | - | 688,256.29 |
2017 | 1 | - | 705,988.83 |
2017 | 2 | - | 718,338.39 |
2017 | 3 | - | 717,232.12 |
2017 | 4 | - | 729,370.36 |
2017 | 5 | - | 742,327.10 |
2017 | 6 | - | 749,660.44 |
2017 | 7 | - | 751,518.13 |
2017 | 8 | - | 763,942.70 |
2017 | 9 | - | 784,835.00 |
2017 | 10 | - | 797,310.50 |
2017 | 11 | - | 820,300.84 |
2017 | 12 | - | 860,183.03 |
2018 | 1 | - | 835,352.24 |
2018 | 2 | - | 835,891.70 |
2018 | 3 | - | 821,982.69 |
2018 | 4 | - | 838,106.88 |
2018 | 5 | - | 855,815.82 |
2018 | 6 | - | 869,344.06 |
2018 | 7 | - | 890,649.99 |
2018 | 8 | - | 905,610.67 |
2018 | 9 | - | 870,753.84 |
2018 | 10 | - | 852,676.04 |
2018 | 11 | - | 805,245.83 |
2018 | 12 | - | 819,221.97 |
2019 | 1 | - | 866,973.62 |
2019 | 2 | - | 883,862.46 |
2019 | 3 | - | 916,770.60 |
2019 | 4 | - | 902,727.61 |
2019 | 5 | - | 915,408.67 |
2019 | 6 | - | 950,444.51 |
2019 | 7 | - | 920,653.64 |
2019 | 8 | - | 949,057.90 |
2019 | 9 | - | 949,150.94 |
2019 | 10 | - | 991,233.37 |
2019 | 11 | - | 1,015,710.09 |
2019 | 12 | - | 1,049,699.79 |
2020 | 1 | - | 1,050,981.23 |
2020 | 2 | - | 852,159.66 |
2020 | 3 | - | 888,961.15 |
2020 | 4 | - | 941,297.54 |
2020 | 5 | - | 1,002,559.74 |
2020 | 6 | - | 1,037,413.08 |
2020 | 7 | - | 1,098,553.07 |
2020 | 8 | - | 1,091,665.11 |
2020 | 9 | - | 1,110,507.27 |
2020 | 10 | - | 1,154,418.02 |
2020 | 11 | - | 1,203,597.15 |
2020 | 12 | - | 1,237,241.30 |
2021 | 1 | - | 1,268,067.52 |
2021 | 2 | - | 1,278,482.89 |
2021 | 3 | - | 1,355,466.56 |
2021 | 4 | - | 1,365,771.25 |
2021 | 5 | - | 1,390,497.48 |
2021 | 6 | - | 1,433,160.75 |
2021 | 7 | - | 1,464,477.63 |
2021 | 8 | - | 1,463,240.16 |
2021 | 9 | - | 1,469,856.58 |
2021 | 10 | - | 1,539,597.52 |
2021 | 11 | - | 1,543,683.66 |
2021 | 12 | - | 1,512,008.00 |
2022 | 1 | - | 1,468,120.91 |
2022 | 2 | - | 1,455,016.71 |
2022 | 3 | - | 1,456,738.02 |
2022 | 4 | - | 1,342,052.96 |
2022 | 5 | - | 1,296,834.03 |
2022 | 6 | - | 1,302,860.23 |
2022 | 7 | - | 1,386,860.76 |
2022 | 8 | - | 1,285,933.30 |
2022 | 9 | - | 1,246,182.85 |
2022 | 10 | - | 1,312,044.79 |
2022 | 11 | - | 1,312,186.98 |
2022 | 12 | - | 1,330,248.66 |
2023 | 1 | - | 1,372,111.21 |
2023 | 2 | - | 1,336,636.27 |
2023 | 3 | - | 1,390,051.22 |
2023 | 4 | - | 1,400,305.56 |
2023 | 5 | - | 1,469,511.27 |
2023 | 6 | - | 1,526,470.15 |
2023 | 7 | - | 1,511,241.52 |
2023 | 8 | - | 1,496,830.67 |
2023 | 9 | - | 1,451,367.24 |
2023 | 10 | - | 1,518,155.15 |
2023 | 11 | - | 1,596,723.43 |
2023 | 12 | - | 1,643,217.41 |
2024 | 1 | - | 1,712,220.57 |
2024 | 2 | - | 1,768,417.70 |
2024 | 3 | - | 1,750,572.10 |
2024 | 4 | - | 1,794,628.98 |
2024 | 5 | - | 1,858,348.79 |
2024 | 6 | - | 1,902,571.20 |
2024 | 7 | - | 1,884,104.64 |
2024 | 8 | - | 1,935,392.05 |
2024 | 9 | - | 1,996,393.41 |
2024 | 10 | - | 2,084,223.82 |
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 | $103.80 |
End Value Average monthly close | $4,815.61 |
Change in price | +4,539.32% +8.51% / yr |
Change incl. dividends | +20,317.78% +11.76% / yr |
Change incl. dividends, inflation-adjusted | +3,846.59% +7.99% / yr |
Final amount, nominal ($10000 base) | $2,041,778.33 |
Final amount, inflation-adjusted ($10000 base) | $394,659.23 |