If you invested $330000 in the S&P 500 at the beginning of 1978, you would have about $58,401,787.83 at the end of 2023, assuming you reinvested all dividends. This is a return on investment of 17,597.51%, or 11.91% per year.
This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 3,686.90% cumulatively, or 8.22% per year.
If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $50,467,785.07.
The graph below shows the performance of $330000 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 $330000 is $58,071,787.83, or 17,597.51%. This means by 2023 you would have $58,401,787.83 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 1978 was 65.200 and the CPI in 2023 was 304.702.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 45 years.
Adjusted for inflation, the $58,401,787.83 nominal end value of the original $330000 investment would have a real return of roughly $12,166,782.05 in 1978 dollars. This means the inflation-adjusted return is 3,686.90% as opposed to the original 17,597.51%.
For more information on inflation, see our U.S. inflation calculator for 1978.
The table below shows the full dataset pertaining to a $330000 investment, including gains and losses over the 552-month period between 1978 and 2023.
Note that data shown is the monthly average closing price. Returns include dividends.
Year | Month | Return (%) | Amount ($) | CPI |
---|---|---|---|---|
1978 | 1 | -0.97% | 326,792.43 | 62.50 |
1978 | 2 | 0.27% | 327,660.60 | 62.90 |
1978 | 3 | 4.83% | 343,486.59 | 63.40 |
1978 | 4 | 5.50% | 362,393.19 | 63.90 |
1978 | 5 | 0.67% | 364,834.11 | 64.50 |
1978 | 6 | -0.06% | 364,606.85 | 65.20 |
1978 | 7 | 7.33% | 391,325.77 | 65.70 |
1978 | 8 | 0.40% | 392,889.85 | 66.00 |
1978 | 9 | -2.77% | 381,993.05 | 66.50 |
1978 | 10 | -5.44% | 361,221.60 | 67.10 |
1978 | 11 | 1.92% | 368,167.27 | 67.40 |
1978 | 12 | 4.19% | 383,576.21 | 67.70 |
1979 | 1 | -1.06% | 379,521.98 | 68.30 |
1979 | 2 | 2.34% | 388,407.21 | 69.10 |
1979 | 3 | 2.43% | 397,849.01 | 69.80 |
1979 | 4 | -1.89% | 390,317.63 | 70.60 |
1979 | 5 | 2.42% | 399,754.10 | 71.50 |
1979 | 6 | 1.42% | 405,433.99 | 72.30 |
1979 | 7 | 5.01% | 425,763.81 | 73.10 |
1979 | 8 | 1.54% | 432,322.49 | 73.80 |
1979 | 9 | -3.35% | 417,828.80 | 74.60 |
1979 | 10 | -0.32% | 416,481.58 | 75.20 |
1979 | 11 | 4.40% | 434,823.41 | 75.90 |
1979 | 12 | 3.31% | 449,226.77 | 76.70 |
1980 | 1 | 4.40% | 468,974.11 | 77.80 |
1980 | 2 | -8.78% | 427,808.38 | 78.90 |
1980 | 3 | -1.16% | 422,837.03 | 80.10 |
1980 | 4 | 5.04% | 444,131.69 | 81.00 |
1980 | 5 | 6.86% | 474,611.05 | 81.80 |
1980 | 6 | 4.97% | 498,196.65 | 82.70 |
1980 | 7 | 3.50% | 515,656.87 | 82.70 |
1980 | 8 | 2.84% | 530,279.90 | 83.30 |
1980 | 9 | 3.32% | 547,910.49 | 84.00 |
1980 | 10 | 4.61% | 573,194.89 | 84.80 |
1980 | 11 | -1.24% | 566,059.87 | 85.50 |
1980 | 12 | 0.01% | 566,116.41 | 86.30 |
1981 | 1 | -3.07% | 548,735.64 | 87.00 |
1981 | 2 | 4.14% | 571,471.41 | 87.90 |
1981 | 3 | 1.29% | 578,865.08 | 88.50 |
1981 | 4 | -1.62% | 569,503.26 | 89.10 |
1981 | 5 | 0.86% | 574,387.26 | 89.80 |
1981 | 6 | -2.02% | 562,806.17 | 90.60 |
1981 | 7 | 0.80% | 567,323.05 | 91.60 |
1981 | 8 | -8.30% | 520,220.02 | 92.30 |
1981 | 9 | 1.73% | 529,205.50 | 93.20 |
1981 | 10 | 3.04% | 545,313.09 | 93.40 |
1981 | 11 | 1.18% | 551,744.34 | 93.70 |
1981 | 12 | -4.80% | 525,237.89 | 94.00 |
1982 | 1 | -1.91% | 515,185.38 | 94.30 |
1982 | 2 | -2.74% | 501,045.90 | 94.60 |
1982 | 3 | 5.47% | 528,449.68 | 94.50 |
1982 | 4 | 0.57% | 531,459.98 | 94.90 |
1982 | 5 | -5.27% | 503,448.75 | 95.80 |
1982 | 6 | 0.24% | 504,676.39 | 97.00 |
1982 | 7 | 0.79% | 508,683.41 | 97.50 |
1982 | 8 | 12.10% | 570,215.66 | 97.70 |
1982 | 9 | 8.88% | 620,858.79 | 97.90 |
1982 | 10 | 4.50% | 648,796.92 | 98.20 |
1982 | 11 | 1.36% | 657,591.35 | 98.00 |
1982 | 12 | 3.93% | 683,406.76 | 97.60 |
1983 | 1 | 2.13% | 697,963.43 | 97.80 |
1983 | 2 | 3.87% | 724,944.00 | 97.90 |
1983 | 3 | 4.20% | 755,372.72 | 97.90 |
1983 | 4 | 4.42% | 788,790.50 | 98.60 |
1983 | 5 | 1.75% | 802,621.97 | 99.20 |
1983 | 6 | 0.71% | 808,305.60 | 99.50 |
1983 | 7 | -2.41% | 788,848.19 | 99.90 |
1983 | 8 | 3.31% | 814,989.31 | 100.20 |
1983 | 9 | 0.65% | 820,269.84 | 100.70 |
1983 | 10 | -1.14% | 810,907.09 | 101.00 |
1983 | 11 | -0.13% | 809,868.10 | 101.20 |
1983 | 12 | 1.58% | 822,631.07 | 101.30 |
1984 | 1 | -5.11% | 780,576.70 | 101.90 |
1984 | 2 | 0.44% | 784,029.66 | 102.40 |
1984 | 3 | 0.51% | 788,006.26 | 102.60 |
1984 | 4 | -0.25% | 786,015.97 | 103.10 |
1984 | 5 | -1.85% | 771,488.00 | 103.40 |
1984 | 6 | -0.91% | 764,479.44 | 103.70 |
1984 | 7 | 9.21% | 834,861.69 | 104.10 |
1984 | 8 | 1.41% | 846,607.93 | 104.50 |
1984 | 9 | -0.41% | 843,116.50 | 105.00 |
1984 | 10 | 1.29% | 853,958.15 | 105.30 |
1984 | 11 | -0.71% | 847,915.91 | 105.30 |
1984 | 12 | 4.70% | 887,747.34 | 105.30 |
1985 | 1 | 5.79% | 939,124.48 | 105.50 |
1985 | 2 | -0.48% | 934,632.48 | 106.00 |
1985 | 3 | 1.02% | 944,209.77 | 106.40 |
1985 | 4 | 2.74% | 970,039.90 | 106.90 |
1985 | 5 | 2.51% | 994,397.28 | 107.30 |
1985 | 6 | 2.25% | 1,016,743.58 | 107.60 |
1985 | 7 | -1.85% | 997,981.51 | 107.80 |
1985 | 8 | -1.88% | 979,169.61 | 108.00 |
1985 | 9 | 1.50% | 993,813.72 | 108.30 |
1985 | 10 | 6.42% | 1,057,621.68 | 108.70 |
1985 | 11 | 5.29% | 1,113,617.62 | 109.00 |
1985 | 12 | 0.75% | 1,121,989.00 | 109.30 |
1986 | 1 | 5.70% | 1,185,911.48 | 109.60 |
1986 | 2 | 6.18% | 1,259,233.67 | 109.30 |
1986 | 3 | 2.74% | 1,293,754.64 | 108.80 |
1986 | 4 | 0.49% | 1,300,117.71 | 108.60 |
1986 | 5 | 3.13% | 1,340,853.52 | 108.90 |
1986 | 6 | -1.80% | 1,316,665.68 | 109.50 |
1986 | 7 | 2.28% | 1,346,696.90 | 109.50 |
1986 | 8 | -2.46% | 1,313,618.85 | 109.70 |
1986 | 9 | -0.09% | 1,312,438.27 | 110.20 |
1986 | 10 | 3.53% | 1,358,806.05 | 110.30 |
1986 | 11 | 1.71% | 1,382,027.22 | 110.40 |
1986 | 12 | 6.67% | 1,474,255.02 | 110.50 |
1987 | 1 | 6.46% | 1,569,519.58 | 111.20 |
1987 | 2 | 4.38% | 1,638,208.18 | 111.60 |
1987 | 3 | -0.86% | 1,624,178.40 | 112.10 |
1987 | 4 | 0.17% | 1,626,985.48 | 112.70 |
1987 | 5 | 4.50% | 1,700,174.50 | 113.10 |
1987 | 6 | 3.12% | 1,753,255.60 | 113.50 |
1987 | 7 | 6.45% | 1,866,410.91 | 113.80 |
1987 | 8 | -3.03% | 1,809,850.72 | 114.40 |
1987 | 9 | -11.85% | 1,595,313.08 | 115.00 |
1987 | 10 | -12.30% | 1,399,035.11 | 115.30 |
1987 | 11 | -1.33% | 1,380,362.27 | 115.40 |
1987 | 12 | 4.25% | 1,438,979.94 | 115.40 |
1988 | 1 | 3.33% | 1,486,877.32 | 115.70 |
1988 | 2 | 3.23% | 1,534,934.07 | 116.00 |
1988 | 3 | -0.89% | 1,521,334.18 | 116.50 |
1988 | 4 | -2.19% | 1,488,043.33 | 117.10 |
1988 | 5 | 6.00% | 1,577,299.14 | 117.50 |
1988 | 6 | -0.31% | 1,572,458.09 | 118.00 |
1988 | 7 | -1.72% | 1,545,435.62 | 118.50 |
1988 | 8 | 1.93% | 1,575,218.78 | 119.00 |
1988 | 9 | 3.80% | 1,635,102.56 | 119.80 |
1988 | 10 | -2.02% | 1,602,069.44 | 120.20 |
1988 | 11 | 2.33% | 1,639,332.83 | 120.30 |
1988 | 12 | 3.51% | 1,696,916.99 | 120.50 |
1989 | 1 | 3.30% | 1,752,912.74 | 121.10 |
1989 | 2 | -0.16% | 1,750,079.00 | 121.60 |
1989 | 3 | 3.56% | 1,812,465.79 | 122.30 |
1989 | 4 | 4.12% | 1,887,054.24 | 123.10 |
1989 | 5 | 3.39% | 1,951,074.86 | 123.80 |
1989 | 6 | 2.80% | 2,005,708.37 | 124.10 |
1989 | 7 | 4.69% | 2,099,791.19 | 124.40 |
1989 | 8 | 0.46% | 2,109,356.52 | 124.60 |
1989 | 9 | 0.29% | 2,115,394.68 | 125.00 |
1989 | 10 | -1.81% | 2,077,030.93 | 125.60 |
1989 | 11 | 2.74% | 2,133,873.16 | 125.90 |
1989 | 12 | -2.21% | 2,086,688.41 | 126.10 |
1990 | 1 | -2.53% | 2,033,953.96 | 127.40 |
1990 | 2 | 2.71% | 2,089,016.49 | 128.00 |
1990 | 3 | 0.20% | 2,093,110.66 | 128.70 |
1990 | 4 | 3.85% | 2,173,714.78 | 128.90 |
1990 | 5 | 3.17% | 2,242,620.61 | 129.20 |
1990 | 6 | 0.17% | 2,246,426.87 | 129.90 |
1990 | 7 | -7.86% | 2,069,830.15 | 130.40 |
1990 | 8 | -4.34% | 1,979,977.57 | 131.60 |
1990 | 9 | -2.32% | 1,934,125.87 | 132.70 |
1990 | 10 | 2.98% | 1,991,836.60 | 133.50 |
1990 | 11 | 4.59% | 2,083,194.28 | 133.80 |
1990 | 12 | -0.69% | 2,068,920.84 | 133.80 |
1991 | 1 | 11.61% | 2,309,055.82 | 134.60 |
1991 | 2 | 3.04% | 2,379,357.81 | 134.80 |
1991 | 3 | 2.26% | 2,433,103.42 | 135.00 |
1991 | 4 | -0.18% | 2,428,751.11 | 135.20 |
1991 | 5 | 0.35% | 2,437,179.15 | 135.60 |
1991 | 6 | 0.78% | 2,456,200.99 | 136.00 |
1991 | 7 | 2.68% | 2,522,000.97 | 136.20 |
1991 | 8 | -0.30% | 2,514,356.77 | 136.60 |
1991 | 9 | 0.18% | 2,518,923.99 | 137.20 |
1991 | 10 | 0.02% | 2,519,321.86 | 137.40 |
1991 | 11 | 0.94% | 2,542,881.04 | 137.80 |
1991 | 12 | 7.36% | 2,729,986.89 | 137.90 |
1992 | 1 | -0.60% | 2,713,583.88 | 138.10 |
1992 | 2 | -1.01% | 2,686,112.15 | 138.60 |
1992 | 3 | 0.26% | 2,693,211.64 | 139.30 |
1992 | 4 | 2.07% | 2,748,916.69 | 139.50 |
1992 | 5 | -1.33% | 2,712,380.22 | 139.70 |
1992 | 6 | 1.91% | 2,764,244.55 | 140.20 |
1992 | 7 | 0.94% | 2,790,275.99 | 140.50 |
1992 | 8 | 0.38% | 2,800,828.46 | 140.90 |
1992 | 9 | -1.18% | 2,767,721.10 | 141.30 |
1992 | 10 | 2.76% | 2,844,024.49 | 141.80 |
1992 | 11 | 3.27% | 2,937,058.22 | 142.00 |
1992 | 12 | 0.14% | 2,941,255.08 | 141.90 |
1993 | 1 | 1.72% | 2,991,969.59 | 142.60 |
1993 | 2 | 2.15% | 3,056,301.51 | 143.10 |
1993 | 3 | -1.34% | 3,015,293.73 | 143.60 |
1993 | 4 | 0.72% | 3,037,146.29 | 144.00 |
1993 | 5 | 0.87% | 3,063,423.15 | 144.20 |
1993 | 6 | 0.06% | 3,065,291.95 | 144.40 |
1993 | 7 | 1.76% | 3,119,316.68 | 144.40 |
1993 | 8 | 1.35% | 3,161,582.54 | 144.80 |
1993 | 9 | 1.24% | 3,200,846.45 | 145.10 |
1993 | 10 | 0.01% | 3,201,087.94 | 145.70 |
1993 | 11 | 0.89% | 3,229,487.35 | 145.80 |
1993 | 12 | 1.74% | 3,285,547.38 | 145.80 |
1994 | 1 | -0.08% | 3,283,060.19 | 146.20 |
1994 | 2 | -1.42% | 3,236,315.38 | 146.70 |
1994 | 3 | -3.35% | 3,128,016.05 | 147.20 |
1994 | 4 | 1.06% | 3,161,118.03 | 147.40 |
1994 | 5 | 1.11% | 3,196,146.16 | 147.50 |
1994 | 6 | -0.52% | 3,179,562.15 | 148.00 |
1994 | 7 | 3.08% | 3,277,558.73 | 148.40 |
1994 | 8 | 0.82% | 3,304,351.63 | 149.00 |
1994 | 9 | -0.44% | 3,289,680.09 | 149.40 |
1994 | 10 | -0.37% | 3,277,512.09 | 149.50 |
1994 | 11 | -1.03% | 3,243,894.45 | 149.70 |
1994 | 12 | 2.45% | 3,323,407.95 | 149.70 |
1995 | 1 | 3.82% | 3,450,332.02 | 150.30 |
1995 | 2 | 2.56% | 3,538,597.38 | 150.90 |
1995 | 3 | 3.22% | 3,652,382.85 | 151.40 |
1995 | 4 | 3.35% | 3,774,655.87 | 151.90 |
1995 | 5 | 3.18% | 3,894,630.36 | 152.20 |
1995 | 6 | 3.55% | 4,032,791.59 | 152.50 |
1995 | 7 | 0.51% | 4,053,484.82 | 152.50 |
1995 | 8 | 3.72% | 4,204,179.78 | 152.90 |
1995 | 9 | 0.91% | 4,242,545.76 | 153.20 |
1995 | 10 | 2.36% | 4,342,601.33 | 153.70 |
1995 | 11 | 3.39% | 4,489,778.08 | 153.60 |
1995 | 12 | 0.16% | 4,497,077.56 | 153.50 |
1996 | 1 | 5.90% | 4,762,602.72 | 154.40 |
1996 | 2 | -0.20% | 4,753,044.31 | 154.90 |
1996 | 3 | 0.20% | 4,762,409.80 | 155.70 |
1996 | 4 | 2.35% | 4,874,556.25 | 156.30 |
1996 | 5 | 1.28% | 4,936,881.99 | 156.60 |
1996 | 6 | -3.48% | 4,765,248.11 | 156.70 |
1996 | 7 | 3.08% | 4,911,815.35 | 157.00 |
1996 | 8 | 2.02% | 5,011,217.08 | 157.30 |
1996 | 9 | 4.12% | 5,217,654.06 | 157.80 |
1996 | 10 | 5.05% | 5,481,254.21 | 158.30 |
1996 | 11 | 1.20% | 5,546,932.10 | 158.60 |
1996 | 12 | 3.26% | 5,727,625.64 | 158.60 |
1997 | 1 | 4.36% | 5,977,416.77 | 159.10 |
1997 | 2 | -0.62% | 5,940,136.50 | 159.60 |
1997 | 3 | -3.41% | 5,737,860.21 | 160.00 |
1997 | 4 | 9.22% | 6,266,766.46 | 160.20 |
1997 | 5 | 5.34% | 6,601,212.84 | 160.10 |
1997 | 6 | 5.74% | 6,979,853.43 | 160.30 |
1997 | 7 | 0.35% | 7,004,128.60 | 160.50 |
1997 | 8 | 1.19% | 7,087,618.38 | 160.80 |
1997 | 9 | 1.65% | 7,204,236.33 | 161.20 |
1997 | 10 | -1.15% | 7,121,240.41 | 161.60 |
1997 | 11 | 2.63% | 7,308,857.79 | 161.50 |
1997 | 12 | 0.24% | 7,326,186.23 | 161.30 |
1998 | 1 | 6.40% | 7,795,220.28 | 161.60 |
1998 | 2 | 5.31% | 8,209,370.39 | 161.90 |
1998 | 3 | 3.41% | 8,488,954.89 | 162.20 |
1998 | 4 | -0.22% | 8,470,121.50 | 162.50 |
1998 | 5 | 0.12% | 8,479,985.55 | 162.80 |
1998 | 6 | 4.47% | 8,858,843.01 | 163.00 |
1998 | 7 | -6.97% | 8,241,292.43 | 163.20 |
1998 | 8 | -4.90% | 7,837,596.83 | 163.40 |
1998 | 9 | 1.29% | 7,938,768.97 | 163.60 |
1998 | 10 | 10.97% | 8,809,999.98 | 164.00 |
1998 | 11 | 4.10% | 9,171,571.63 | 164.00 |
1998 | 12 | 5.05% | 9,634,523.86 | 163.90 |
1999 | 1 | -0.07% | 9,628,096.67 | 164.30 |
1999 | 2 | 2.92% | 9,909,575.02 | 164.50 |
1999 | 3 | 4.25% | 10,330,734.15 | 165.00 |
1999 | 4 | -0.10% | 10,320,524.10 | 166.20 |
1999 | 5 | -0.61% | 10,257,386.53 | 166.20 |
1999 | 6 | 4.52% | 10,721,265.27 | 166.20 |
1999 | 7 | -3.77% | 10,316,603.37 | 166.70 |
1999 | 8 | -0.60% | 10,254,908.37 | 167.10 |
1999 | 9 | -1.27% | 10,124,417.61 | 167.90 |
1999 | 10 | 7.11% | 10,843,853.63 | 168.20 |
1999 | 11 | 2.81% | 11,148,428.28 | 168.30 |
1999 | 12 | -0.12% | 11,135,169.16 | 168.30 |
2000 | 1 | -2.48% | 10,859,231.06 | 168.80 |
2000 | 2 | 3.94% | 11,287,188.31 | 169.80 |
2000 | 3 | 1.42% | 11,447,992.98 | 171.20 |
2000 | 4 | -2.84% | 11,123,008.04 | 171.30 |
2000 | 5 | 3.16% | 11,474,882.19 | 171.50 |
2000 | 6 | 0.85% | 11,572,457.99 | 172.40 |
2000 | 7 | 0.94% | 11,681,205.66 | 172.80 |
2000 | 8 | -1.08% | 11,555,089.45 | 172.80 |
2000 | 9 | -5.21% | 10,952,580.54 | 173.70 |
2000 | 10 | -0.77% | 10,867,964.84 | 174.00 |
2000 | 11 | -3.32% | 10,507,140.39 | 174.10 |
2000 | 12 | 0.46% | 10,554,948.68 | 174.00 |
2001 | 1 | -2.14% | 10,329,467.77 | 175.10 |
2001 | 2 | -9.08% | 9,391,562.12 | 175.80 |
2001 | 3 | 0.45% | 9,433,701.46 | 176.20 |
2001 | 4 | 6.88% | 10,082,677.19 | 176.90 |
2001 | 5 | -2.39% | 9,841,837.09 | 177.70 |
2001 | 6 | -2.66% | 9,580,021.87 | 178.00 |
2001 | 7 | -2.05% | 9,384,030.02 | 177.50 |
2001 | 8 | -11.25% | 8,328,577.69 | 177.50 |
2001 | 9 | 3.18% | 8,593,762.22 | 178.30 |
2001 | 10 | 5.05% | 9,028,017.59 | 177.70 |
2001 | 11 | 1.47% | 9,160,372.79 | 177.40 |
2001 | 12 | -0.30% | 9,133,103.34 | 176.70 |
2002 | 1 | -3.35% | 8,826,891.46 | 177.10 |
2002 | 2 | 4.95% | 9,263,405.13 | 177.80 |
2002 | 3 | -3.51% | 8,937,849.05 | 178.80 |
2002 | 4 | -2.82% | 8,685,768.51 | 179.80 |
2002 | 5 | -5.92% | 8,171,487.76 | 179.80 |
2002 | 6 | -10.76% | 7,292,358.32 | 179.90 |
2002 | 7 | 1.14% | 7,375,403.03 | 180.10 |
2002 | 8 | -4.76% | 7,024,501.25 | 180.70 |
2002 | 9 | -1.37% | 6,928,473.32 | 181.00 |
2002 | 10 | 6.63% | 7,387,524.64 | 181.30 |
2002 | 11 | -1.04% | 7,311,059.23 | 181.30 |
2002 | 12 | -0.22% | 7,294,790.84 | 180.90 |
2003 | 1 | -6.41% | 6,826,841.97 | 181.70 |
2003 | 2 | 1.31% | 6,916,130.11 | 183.10 |
2003 | 3 | 5.29% | 7,281,706.99 | 184.20 |
2003 | 4 | 5.31% | 7,668,526.68 | 183.80 |
2003 | 5 | 5.70% | 8,105,953.62 | 183.50 |
2003 | 6 | 0.60% | 8,154,257.06 | 183.70 |
2003 | 7 | -0.17% | 8,140,694.56 | 183.90 |
2003 | 8 | 3.16% | 8,398,036.65 | 184.60 |
2003 | 9 | 2.03% | 8,568,334.47 | 185.20 |
2003 | 10 | 1.21% | 8,672,061.54 | 185.00 |
2003 | 11 | 3.06% | 8,937,757.06 | 184.50 |
2003 | 12 | 4.93% | 9,378,831.92 | 184.30 |
2004 | 1 | 1.09% | 9,480,748.14 | 185.20 |
2004 | 2 | -1.57% | 9,332,355.78 | 186.20 |
2004 | 3 | 0.97% | 9,422,705.77 | 187.40 |
2004 | 4 | -2.56% | 9,181,083.72 | 188.00 |
2004 | 5 | 2.86% | 9,443,449.43 | 189.10 |
2004 | 6 | -2.24% | 9,232,031.40 | 189.70 |
2004 | 7 | -1.39% | 9,103,930.49 | 189.40 |
2004 | 8 | 2.78% | 9,357,258.69 | 189.50 |
2004 | 9 | 0.10% | 9,366,858.80 | 189.90 |
2004 | 10 | 4.77% | 9,814,022.91 | 190.90 |
2004 | 11 | 2.73% | 10,081,695.21 | 191.00 |
2004 | 12 | -1.35% | 9,945,670.80 | 190.30 |
2005 | 1 | 1.68% | 10,112,878.09 | 190.70 |
2005 | 2 | -0.26% | 10,087,030.78 | 191.80 |
2005 | 3 | -2.41% | 9,844,042.43 | 193.30 |
2005 | 4 | 1.34% | 9,975,546.10 | 194.60 |
2005 | 5 | 2.18% | 10,193,082.58 | 194.40 |
2005 | 6 | 1.81% | 10,377,352.20 | 194.50 |
2005 | 7 | 0.31% | 10,409,523.89 | 195.40 |
2005 | 8 | 0.28% | 10,438,638.33 | 196.40 |
2005 | 9 | -2.62% | 10,164,705.54 | 198.80 |
2005 | 10 | 3.96% | 10,567,384.65 | 199.20 |
2005 | 11 | 2.14% | 10,793,963.22 | 197.60 |
2005 | 12 | 1.47% | 10,952,285.85 | 196.80 |
2006 | 1 | -0.02% | 10,950,463.42 | 198.30 |
2006 | 2 | 1.49% | 11,113,202.39 | 198.70 |
2006 | 3 | 0.80% | 11,201,922.58 | 199.80 |
2006 | 4 | -0.79% | 11,113,804.26 | 201.50 |
2006 | 5 | -2.71% | 10,813,087.73 | 202.50 |
2006 | 6 | 0.72% | 10,890,946.35 | 202.90 |
2006 | 7 | 2.29% | 11,140,540.62 | 203.50 |
2006 | 8 | 2.53% | 11,422,527.04 | 203.90 |
2006 | 9 | 3.62% | 11,835,555.69 | 202.90 |
2006 | 10 | 2.00% | 12,072,461.26 | 201.80 |
2006 | 11 | 2.15% | 12,331,809.72 | 201.50 |
2006 | 12 | 0.69% | 12,417,247.76 | 201.80 |
2007 | 1 | 1.60% | 12,615,433.00 | 202.42 |
2007 | 2 | -2.47% | 12,303,340.94 | 203.50 |
2007 | 3 | 4.18% | 12,817,652.56 | 205.35 |
2007 | 4 | 3.39% | 13,252,395.70 | 206.69 |
2007 | 5 | 0.34% | 13,298,103.41 | 207.95 |
2007 | 6 | 0.57% | 13,374,516.92 | 208.35 |
2007 | 7 | -4.20% | 12,812,639.05 | 208.30 |
2007 | 8 | 3.07% | 13,206,594.83 | 207.92 |
2007 | 9 | 2.99% | 13,601,687.65 | 208.49 |
2007 | 10 | -4.81% | 12,947,948.37 | 208.94 |
2007 | 11 | 1.24% | 13,108,272.57 | 210.18 |
2007 | 12 | -6.64% | 12,238,512.81 | 210.04 |
2008 | 1 | -1.56% | 12,047,106.67 | 211.08 |
2008 | 2 | -2.63% | 11,730,673.06 | 211.69 |
2008 | 3 | 4.24% | 12,228,499.66 | 213.53 |
2008 | 4 | 2.56% | 12,541,867.71 | 214.82 |
2008 | 5 | -4.25% | 12,009,267.00 | 216.63 |
2008 | 6 | -6.08% | 11,279,287.12 | 218.82 |
2008 | 7 | 2.11% | 11,517,340.42 | 219.96 |
2008 | 8 | -4.85% | 10,959,033.17 | 219.09 |
2008 | 9 | -20.19% | 8,746,011.49 | 218.78 |
2008 | 10 | -8.61% | 7,993,386.77 | 216.57 |
2008 | 11 | -0.35% | 7,965,312.61 | 212.43 |
2008 | 12 | -1.10% | 7,878,048.10 | 210.23 |
2009 | 1 | -6.70% | 7,350,021.42 | 211.14 |
2009 | 2 | -5.69% | 6,931,993.62 | 212.19 |
2009 | 3 | 12.32% | 7,786,136.55 | 212.71 |
2009 | 4 | 6.66% | 8,304,679.37 | 213.24 |
2009 | 5 | 2.87% | 8,542,929.08 | 213.86 |
2009 | 6 | 1.28% | 8,652,077.14 | 215.69 |
2009 | 7 | 8.12% | 9,354,690.26 | 215.35 |
2009 | 8 | 3.65% | 9,696,168.57 | 215.83 |
2009 | 9 | 2.40% | 9,929,177.99 | 215.97 |
2009 | 10 | 2.09% | 10,137,127.32 | 216.18 |
2009 | 11 | 2.23% | 10,362,765.34 | 216.33 |
2009 | 12 | 1.36% | 10,503,384.73 | 215.95 |
2010 | 1 | -2.90% | 10,198,946.93 | 216.69 |
2010 | 2 | 5.94% | 10,805,073.98 | 216.74 |
2010 | 3 | 4.09% | 11,246,777.86 | 217.63 |
2010 | 4 | -5.88% | 10,585,197.78 | 218.01 |
2010 | 5 | -3.54% | 10,210,104.51 | 218.18 |
2010 | 6 | -0.16% | 10,193,862.99 | 217.97 |
2010 | 7 | 0.86% | 10,281,898.37 | 218.01 |
2010 | 8 | 3.37% | 10,628,517.06 | 218.31 |
2010 | 9 | 4.58% | 11,115,030.68 | 218.44 |
2010 | 10 | 2.49% | 11,391,896.58 | 218.71 |
2010 | 11 | 3.71% | 11,814,961.56 | 218.80 |
2010 | 12 | 3.46% | 12,224,018.36 | 219.18 |
2011 | 1 | 3.15% | 12,609,180.54 | 220.22 |
2011 | 2 | -1.11% | 12,468,908.33 | 221.31 |
2011 | 3 | 2.22% | 12,745,840.65 | 223.47 |
2011 | 4 | 0.66% | 12,829,865.67 | 224.91 |
2011 | 5 | -3.66% | 12,359,958.99 | 225.96 |
2011 | 6 | 3.10% | 12,743,332.25 | 225.72 |
2011 | 7 | -10.40% | 11,417,943.25 | 225.92 |
2011 | 8 | -0.79% | 11,327,827.71 | 226.55 |
2011 | 9 | 3.02% | 11,669,804.17 | 226.89 |
2011 | 10 | 1.77% | 11,876,023.90 | 226.42 |
2011 | 11 | 1.55% | 12,060,666.51 | 226.23 |
2011 | 12 | 4.78% | 12,637,474.88 | 225.67 |
2012 | 1 | 4.16% | 13,163,523.50 | 226.67 |
2012 | 2 | 2.88% | 13,543,138.10 | 227.66 |
2012 | 3 | -0.04% | 13,537,963.22 | 229.39 |
2012 | 4 | -3.09% | 13,119,511.24 | 230.09 |
2012 | 5 | -1.15% | 12,968,320.54 | 229.82 |
2012 | 6 | 2.92% | 13,347,136.44 | 229.48 |
2012 | 7 | 3.39% | 13,799,297.49 | 229.10 |
2012 | 8 | 3.02% | 14,216,197.19 | 230.38 |
2012 | 9 | -0.22% | 14,185,328.88 | 231.41 |
2012 | 10 | -2.84% | 13,782,821.03 | 231.32 |
2012 | 11 | 2.18% | 14,082,671.15 | 230.22 |
2012 | 12 | 4.27% | 14,683,826.78 | 229.60 |
2013 | 1 | 2.33% | 15,026,403.67 | 230.28 |
2013 | 2 | 2.72% | 15,435,490.60 | 232.17 |
2013 | 3 | 1.45% | 15,659,890.44 | 232.77 |
2013 | 4 | 4.57% | 16,376,216.08 | 232.53 |
2013 | 5 | -1.12% | 16,193,166.82 | 232.95 |
2013 | 6 | 3.25% | 16,720,169.74 | 233.50 |
2013 | 7 | 0.25% | 16,762,392.89 | 233.60 |
2013 | 8 | 1.19% | 16,962,278.95 | 233.88 |
2013 | 9 | 2.12% | 17,321,463.67 | 234.15 |
2013 | 10 | 3.86% | 17,990,071.14 | 233.55 |
2013 | 11 | 1.52% | 18,263,819.16 | 233.07 |
2013 | 12 | 0.97% | 18,440,577.80 | 233.05 |
2014 | 1 | -0.13% | 18,416,598.43 | 233.92 |
2014 | 2 | 2.72% | 18,917,947.83 | 234.78 |
2014 | 3 | 0.20% | 18,956,109.87 | 236.29 |
2014 | 4 | 1.53% | 19,246,524.06 | 237.07 |
2014 | 5 | 3.20% | 19,861,704.14 | 237.90 |
2014 | 6 | 1.50% | 20,158,799.88 | 238.34 |
2014 | 7 | -0.43% | 20,072,731.71 | 238.25 |
2014 | 8 | 1.78% | 20,429,631.67 | 237.85 |
2014 | 9 | -2.65% | 19,888,944.37 | 238.03 |
2014 | 10 | 5.71% | 21,023,738.37 | 237.43 |
2014 | 11 | 0.63% | 21,157,005.26 | 236.15 |
2014 | 12 | -1.11% | 20,922,152.86 | 234.81 |
2015 | 1 | 2.83% | 21,513,705.41 | 233.71 |
2015 | 2 | 0.06% | 21,525,616.14 | 234.72 |
2015 | 3 | 0.88% | 21,714,699.23 | 236.12 |
2015 | 4 | 0.98% | 21,927,265.27 | 236.60 |
2015 | 5 | -0.44% | 21,831,772.02 | 237.81 |
2015 | 6 | -0.08% | 21,814,387.36 | 238.64 |
2015 | 7 | -2.42% | 21,285,519.90 | 238.65 |
2015 | 8 | -4.51% | 20,326,161.19 | 238.32 |
2015 | 9 | 4.32% | 21,203,665.82 | 237.95 |
2015 | 10 | 2.93% | 21,825,456.95 | 237.84 |
2015 | 11 | -1.10% | 21,584,728.74 | 237.34 |
2015 | 12 | -6.42% | 20,199,070.80 | 236.53 |
2016 | 1 | -0.55% | 20,087,994.27 | 236.92 |
2016 | 2 | 6.36% | 21,366,138.61 | 237.11 |
2016 | 3 | 2.83% | 21,971,069.60 | 238.13 |
2016 | 4 | -0.30% | 21,904,197.31 | 239.26 |
2016 | 5 | 1.07% | 22,137,803.43 | 240.23 |
2016 | 6 | 3.30% | 22,867,783.98 | 241.02 |
2016 | 7 | 1.20% | 23,142,027.47 | 240.63 |
2016 | 8 | -0.44% | 23,040,510.05 | 240.85 |
2016 | 9 | -0.51% | 22,923,929.47 | 241.43 |
2016 | 10 | 1.20% | 23,199,282.67 | 241.73 |
2016 | 11 | 3.95% | 24,114,717.97 | 241.35 |
2016 | 12 | 1.44% | 24,461,399.53 | 241.43 |
2017 | 1 | 2.58% | 25,091,634.11 | 242.84 |
2017 | 2 | 1.75% | 25,530,551.25 | 243.60 |
2017 | 3 | -0.15% | 25,491,233.15 | 243.80 |
2017 | 4 | 1.69% | 25,922,639.98 | 244.52 |
2017 | 5 | 1.78% | 26,383,137.00 | 244.73 |
2017 | 6 | 0.99% | 26,643,771.81 | 244.96 |
2017 | 7 | 0.25% | 26,709,796.48 | 244.79 |
2017 | 8 | 1.65% | 27,151,379.68 | 245.52 |
2017 | 9 | 2.73% | 27,893,915.37 | 246.82 |
2017 | 10 | 1.59% | 28,337,308.39 | 246.66 |
2017 | 11 | 2.88% | 29,154,410.79 | 246.67 |
2017 | 12 | 4.86% | 30,571,868.58 | 246.52 |
2018 | 1 | -2.89% | 29,689,354.60 | 247.87 |
2018 | 2 | 0.06% | 29,708,527.46 | 248.99 |
2018 | 3 | -1.66% | 29,214,185.91 | 249.55 |
2018 | 4 | 1.96% | 29,787,257.56 | 250.55 |
2018 | 5 | 2.11% | 30,416,653.30 | 251.59 |
2018 | 6 | 1.58% | 30,897,462.11 | 251.99 |
2018 | 7 | 2.45% | 31,654,698.63 | 252.01 |
2018 | 8 | 1.68% | 32,186,417.71 | 252.15 |
2018 | 9 | -3.85% | 30,947,566.95 | 252.44 |
2018 | 10 | -2.08% | 30,305,061.94 | 252.89 |
2018 | 11 | -5.56% | 28,619,339.18 | 252.04 |
2018 | 12 | 1.74% | 29,116,066.85 | 251.23 |
2019 | 1 | 5.83% | 30,813,214.01 | 251.71 |
2019 | 2 | 1.95% | 31,413,462.19 | 252.78 |
2019 | 3 | 3.72% | 32,583,054.37 | 254.20 |
2019 | 4 | -1.53% | 32,083,950.88 | 255.55 |
2019 | 5 | 1.40% | 32,534,649.92 | 256.09 |
2019 | 6 | 3.83% | 33,779,862.83 | 256.14 |
2019 | 7 | -3.13% | 32,721,062.07 | 256.57 |
2019 | 8 | 3.09% | 33,730,581.26 | 256.56 |
2019 | 9 | 0.01% | 33,733,887.78 | 256.76 |
2019 | 10 | 4.43% | 35,229,544.54 | 257.35 |
2019 | 11 | 2.47% | 36,099,474.68 | 257.21 |
2019 | 12 | 3.35% | 37,307,506.60 | 256.97 |
2020 | 1 | 0.12% | 37,353,050.42 | 257.97 |
2020 | 2 | -18.92% | 30,286,709.07 | 258.68 |
2020 | 3 | 4.32% | 31,594,675.23 | 258.12 |
2020 | 4 | 5.89% | 33,454,769.19 | 256.39 |
2020 | 5 | 6.51% | 35,632,096.52 | 256.39 |
2020 | 6 | 3.48% | 36,870,823.16 | 257.80 |
2020 | 7 | 5.89% | 39,043,806.91 | 259.10 |
2020 | 8 | -0.63% | 38,799,001.21 | 259.92 |
2020 | 9 | 1.73% | 39,468,672.50 | 260.28 |
2020 | 10 | 3.95% | 41,029,309.83 | 260.39 |
2020 | 11 | 4.26% | 42,777,191.44 | 260.23 |
2020 | 12 | 2.80% | 43,972,942.17 | 260.47 |
2021 | 1 | 2.49% | 45,068,540.58 | 261.58 |
2021 | 2 | 0.82% | 45,438,714.49 | 263.01 |
2021 | 3 | 6.02% | 48,174,800.37 | 264.88 |
2021 | 4 | 0.76% | 48,541,040.39 | 267.05 |
2021 | 5 | 1.81% | 49,419,838.45 | 269.20 |
2021 | 6 | 3.07% | 50,936,138.66 | 271.70 |
2021 | 7 | 2.19% | 52,049,175.74 | 273.00 |
2021 | 8 | -0.08% | 52,005,194.79 | 273.57 |
2021 | 9 | 0.45% | 52,240,349.84 | 274.31 |
2021 | 10 | 4.74% | 54,719,020.73 | 276.59 |
2021 | 11 | 0.27% | 54,864,247.00 | 277.95 |
2021 | 12 | -2.05% | 53,738,458.50 | 278.80 |
2022 | 1 | -2.90% | 52,178,662.20 | 281.15 |
2022 | 2 | -0.89% | 51,712,924.02 | 283.72 |
2022 | 3 | 0.12% | 51,774,101.35 | 287.50 |
2022 | 4 | -7.87% | 47,698,065.99 | 289.11 |
2022 | 5 | -3.37% | 46,090,934.57 | 292.30 |
2022 | 6 | 0.46% | 46,305,112.39 | 296.31 |
2022 | 7 | 6.45% | 49,290,585.36 | 296.28 |
2022 | 8 | -7.28% | 45,703,510.26 | 296.17 |
2022 | 9 | -3.09% | 44,290,734.71 | 296.81 |
2022 | 10 | 5.29% | 46,631,541.76 | 298.01 |
2022 | 11 | 0.01% | 46,636,595.43 | 297.71 |
2022 | 12 | 1.38% | 47,278,527.79 | 296.80 |
2023 | 1 | 3.15% | 48,766,369.65 | 299.17 |
2023 | 2 | -2.59% | 47,505,550.74 | 300.84 |
2023 | 3 | 4.00% | 49,403,977.67 | 301.84 |
2023 | 4 | 0.74% | 49,768,428.46 | 303.36 |
2023 | 5 | 4.94% | 52,228,077.12 | 304.13 |
2023 | 6 | 3.88% | 54,252,459.31 | 305.11 |
2023 | 7 | -1.00% | 53,711,216.85 | 305.69 |
2023 | 8 | -0.95% | 53,199,038.95 | 307.03 |
2023 | 9 | -3.04% | 51,583,217.86 | 307.79 |
2023 | 10 | 4.60% | 53,956,935.03 | 307.67 |
2023 | 11 | 5.18% | 56,749,339.67 | 307.05 |
2023 | 12 | 2.91% | 58,401,787.83 | 306.75 |
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 $330,000.00 up-front. Instead, the capital is invested over a period of time.
Consider a strategy in which $330,000.00 was invested in the S&P 500 over a period of no more than 24 months beginning in 1978. This would result in a final amount of $50,467,785.07, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $58,401,787.83).
Year | Month | Contribution ($) | Amount ($) |
---|---|---|---|
1978 | 1 | 13750.00 | 13,556.51 |
1978 | 2 | 13750.00 | 27,317.80 |
1978 | 3 | 13750.00 | 42,989.45 |
1978 | 4 | 13750.00 | 59,802.79 |
1978 | 5 | 13750.00 | 73,990.89 |
1978 | 6 | 13750.00 | 87,628.62 |
1978 | 7 | 13750.00 | 108,749.47 |
1978 | 8 | 13750.00 | 122,934.14 |
1978 | 9 | 13750.00 | 132,837.84 |
1978 | 10 | 13750.00 | 138,559.54 |
1978 | 11 | 13750.00 | 155,177.05 |
1978 | 12 | 13750.00 | 175,936.72 |
1979 | 1 | 13750.00 | 187,623.06 |
1979 | 2 | 13750.00 | 206,027.38 |
1979 | 3 | 13750.00 | 225,060.43 |
1979 | 4 | 13750.00 | 234,230.81 |
1979 | 5 | 13750.00 | 253,915.27 |
1979 | 6 | 13750.00 | 271,408.21 |
1979 | 7 | 13750.00 | 299,396.79 |
1979 | 8 | 13750.00 | 317,912.48 |
1979 | 9 | 13750.00 | 320,485.31 |
1979 | 10 | 13750.00 | 333,096.69 |
1979 | 11 | 13750.00 | 362,059.89 |
1979 | 12 | 13750.00 | 388,198.39 |
1980 | 1 | - | 405,263.02 |
1980 | 2 | - | 369,689.74 |
1980 | 3 | - | 365,393.76 |
1980 | 4 | - | 383,795.49 |
1980 | 5 | - | 410,134.16 |
1980 | 6 | - | 430,515.61 |
1980 | 7 | - | 445,603.82 |
1980 | 8 | - | 458,240.29 |
1980 | 9 | - | 473,475.72 |
1980 | 10 | - | 495,325.18 |
1980 | 11 | - | 489,159.47 |
1980 | 12 | - | 489,208.33 |
1981 | 1 | - | 474,188.78 |
1981 | 2 | - | 493,835.85 |
1981 | 3 | - | 500,225.07 |
1981 | 4 | - | 492,135.08 |
1981 | 5 | - | 496,355.57 |
1981 | 6 | - | 486,347.80 |
1981 | 7 | - | 490,251.05 |
1981 | 8 | - | 449,547.06 |
1981 | 9 | - | 457,311.85 |
1981 | 10 | - | 471,231.19 |
1981 | 11 | - | 476,788.74 |
1981 | 12 | - | 453,883.24 |
1982 | 1 | - | 445,196.39 |
1982 | 2 | - | 432,977.79 |
1982 | 3 | - | 456,658.70 |
1982 | 4 | - | 459,260.05 |
1982 | 5 | - | 435,054.20 |
1982 | 6 | - | 436,115.07 |
1982 | 7 | - | 439,577.72 |
1982 | 8 | - | 492,750.69 |
1982 | 9 | - | 536,513.85 |
1982 | 10 | - | 560,656.52 |
1982 | 11 | - | 568,256.22 |
1982 | 12 | - | 590,564.55 |
1983 | 1 | - | 603,143.66 |
1983 | 2 | - | 626,458.87 |
1983 | 3 | - | 652,753.79 |
1983 | 4 | - | 681,631.69 |
1983 | 5 | - | 693,584.13 |
1983 | 6 | - | 698,495.63 |
1983 | 7 | - | 681,681.54 |
1983 | 8 | - | 704,271.34 |
1983 | 9 | - | 708,834.50 |
1983 | 10 | - | 700,743.70 |
1983 | 11 | - | 699,845.85 |
1983 | 12 | - | 710,874.95 |
1984 | 1 | - | 674,533.75 |
1984 | 2 | - | 677,517.62 |
1984 | 3 | - | 680,953.99 |
1984 | 4 | - | 679,234.08 |
1984 | 5 | - | 666,679.77 |
1984 | 6 | - | 660,623.34 |
1984 | 7 | - | 721,444.01 |
1984 | 8 | - | 731,594.50 |
1984 | 9 | - | 728,577.39 |
1984 | 10 | - | 737,946.18 |
1984 | 11 | - | 732,724.80 |
1984 | 12 | - | 767,145.04 |
1985 | 1 | - | 811,542.49 |
1985 | 2 | - | 807,660.74 |
1985 | 3 | - | 815,936.94 |
1985 | 4 | - | 838,257.99 |
1985 | 5 | - | 859,306.37 |
1985 | 6 | - | 878,616.88 |
1985 | 7 | - | 862,403.67 |
1985 | 8 | - | 846,147.41 |
1985 | 9 | - | 858,802.09 |
1985 | 10 | - | 913,941.61 |
1985 | 11 | - | 962,330.38 |
1985 | 12 | - | 969,564.49 |
1986 | 1 | - | 1,024,802.97 |
1986 | 2 | - | 1,088,164.19 |
1986 | 3 | - | 1,117,995.41 |
1986 | 4 | - | 1,123,494.05 |
1986 | 5 | - | 1,158,695.82 |
1986 | 6 | - | 1,137,793.95 |
1986 | 7 | - | 1,163,745.36 |
1986 | 8 | - | 1,135,161.03 |
1986 | 9 | - | 1,134,140.83 |
1986 | 10 | - | 1,174,209.46 |
1986 | 11 | - | 1,194,275.99 |
1986 | 12 | - | 1,273,974.45 |
1987 | 1 | - | 1,356,297.13 |
1987 | 2 | - | 1,415,654.24 |
1987 | 3 | - | 1,403,530.43 |
1987 | 4 | - | 1,405,956.16 |
1987 | 5 | - | 1,469,202.31 |
1987 | 6 | - | 1,515,072.23 |
1987 | 7 | - | 1,612,855.16 |
1987 | 8 | - | 1,563,978.78 |
1987 | 9 | - | 1,378,586.53 |
1987 | 10 | - | 1,208,973.32 |
1987 | 11 | - | 1,192,837.22 |
1987 | 12 | - | 1,243,491.56 |
1988 | 1 | - | 1,284,881.99 |
1988 | 2 | - | 1,326,410.13 |
1988 | 3 | - | 1,314,657.81 |
1988 | 4 | - | 1,285,889.59 |
1988 | 5 | - | 1,363,019.81 |
1988 | 6 | - | 1,358,836.43 |
1988 | 7 | - | 1,335,485.02 |
1988 | 8 | - | 1,361,222.07 |
1988 | 9 | - | 1,412,970.52 |
1988 | 10 | - | 1,384,425.02 |
1988 | 11 | - | 1,416,626.10 |
1988 | 12 | - | 1,466,387.33 |
1989 | 1 | - | 1,514,775.94 |
1989 | 2 | - | 1,512,327.17 |
1989 | 3 | - | 1,566,238.60 |
1989 | 4 | - | 1,630,694.05 |
1989 | 5 | - | 1,686,017.34 |
1989 | 6 | - | 1,733,228.77 |
1989 | 7 | - | 1,814,530.25 |
1989 | 8 | - | 1,822,796.11 |
1989 | 9 | - | 1,828,013.97 |
1989 | 10 | - | 1,794,862.01 |
1989 | 11 | - | 1,843,982.11 |
1989 | 12 | - | 1,803,207.50 |
1990 | 1 | - | 1,757,637.14 |
1990 | 2 | - | 1,805,219.31 |
1990 | 3 | - | 1,808,757.28 |
1990 | 4 | - | 1,878,411.17 |
1990 | 5 | - | 1,937,956.00 |
1990 | 6 | - | 1,941,245.17 |
1990 | 7 | - | 1,788,639.48 |
1990 | 8 | - | 1,710,993.55 |
1990 | 9 | - | 1,671,370.90 |
1990 | 10 | - | 1,721,241.51 |
1990 | 11 | - | 1,800,188.06 |
1990 | 12 | - | 1,787,853.70 |
1991 | 1 | - | 1,995,365.85 |
1991 | 2 | - | 2,056,117.16 |
1991 | 3 | - | 2,102,561.32 |
1991 | 4 | - | 2,098,800.29 |
1991 | 5 | - | 2,106,083.36 |
1991 | 6 | - | 2,122,521.04 |
1991 | 7 | - | 2,179,381.96 |
1991 | 8 | - | 2,172,776.24 |
1991 | 9 | - | 2,176,723.00 |
1991 | 10 | - | 2,177,066.82 |
1991 | 11 | - | 2,197,425.44 |
1991 | 12 | - | 2,359,112.57 |
1992 | 1 | - | 2,344,937.94 |
1992 | 2 | - | 2,321,198.30 |
1992 | 3 | - | 2,327,333.31 |
1992 | 4 | - | 2,375,470.72 |
1992 | 5 | - | 2,343,897.80 |
1992 | 6 | - | 2,388,716.25 |
1992 | 7 | - | 2,411,211.27 |
1992 | 8 | - | 2,420,330.16 |
1992 | 9 | - | 2,391,720.51 |
1992 | 10 | - | 2,457,657.93 |
1992 | 11 | - | 2,538,052.83 |
1992 | 12 | - | 2,541,679.54 |
1993 | 1 | - | 2,585,504.38 |
1993 | 2 | - | 2,641,096.67 |
1993 | 3 | - | 2,605,659.89 |
1993 | 4 | - | 2,624,543.74 |
1993 | 5 | - | 2,647,250.83 |
1993 | 6 | - | 2,648,865.75 |
1993 | 7 | - | 2,695,551.10 |
1993 | 8 | - | 2,732,075.06 |
1993 | 9 | - | 2,766,004.89 |
1993 | 10 | - | 2,766,213.58 |
1993 | 11 | - | 2,790,754.87 |
1993 | 12 | - | 2,839,199.02 |
1994 | 1 | - | 2,837,049.72 |
1994 | 2 | - | 2,796,655.29 |
1994 | 3 | - | 2,703,068.65 |
1994 | 4 | - | 2,731,673.65 |
1994 | 5 | - | 2,761,943.14 |
1994 | 6 | - | 2,747,612.10 |
1994 | 7 | - | 2,832,295.65 |
1994 | 8 | - | 2,855,448.68 |
1994 | 9 | - | 2,842,770.30 |
1994 | 10 | - | 2,832,255.35 |
1994 | 11 | - | 2,803,204.73 |
1994 | 12 | - | 2,871,916.16 |
1995 | 1 | - | 2,981,597.33 |
1995 | 2 | - | 3,057,871.66 |
1995 | 3 | - | 3,156,199.15 |
1995 | 4 | - | 3,261,861.12 |
1995 | 5 | - | 3,365,536.83 |
1995 | 6 | - | 3,484,928.58 |
1995 | 7 | - | 3,502,810.59 |
1995 | 8 | - | 3,633,033.33 |
1995 | 9 | - | 3,666,187.21 |
1995 | 10 | - | 3,752,650.03 |
1995 | 11 | - | 3,879,832.52 |
1995 | 12 | - | 3,886,140.34 |
1996 | 1 | - | 4,115,593.36 |
1996 | 2 | - | 4,107,333.48 |
1996 | 3 | - | 4,115,426.66 |
1996 | 4 | - | 4,212,337.78 |
1996 | 5 | - | 4,266,196.44 |
1996 | 6 | - | 4,117,879.37 |
1996 | 7 | - | 4,244,535.16 |
1996 | 8 | - | 4,330,432.95 |
1996 | 9 | - | 4,508,825.04 |
1996 | 10 | - | 4,736,614.58 |
1996 | 11 | - | 4,793,369.99 |
1996 | 12 | - | 4,949,515.94 |
1997 | 1 | - | 5,165,372.43 |
1997 | 2 | - | 5,133,156.76 |
1997 | 3 | - | 4,958,360.12 |
1997 | 4 | - | 5,415,413.37 |
1997 | 5 | - | 5,704,424.53 |
1997 | 6 | - | 6,031,626.01 |
1997 | 7 | - | 6,052,603.35 |
1997 | 8 | - | 6,124,750.87 |
1997 | 9 | - | 6,225,526.04 |
1997 | 10 | - | 6,153,805.28 |
1997 | 11 | - | 6,315,934.45 |
1997 | 12 | - | 6,330,908.80 |
1998 | 1 | - | 6,736,223.61 |
1998 | 2 | - | 7,094,110.57 |
1998 | 3 | - | 7,335,712.94 |
1998 | 4 | - | 7,319,438.11 |
1998 | 5 | - | 7,327,962.11 |
1998 | 6 | - | 7,655,351.00 |
1998 | 7 | - | 7,121,695.94 |
1998 | 8 | - | 6,772,843.21 |
1998 | 9 | - | 6,860,270.91 |
1998 | 10 | - | 7,613,143.40 |
1998 | 11 | - | 7,925,594.80 |
1998 | 12 | - | 8,325,654.02 |
1999 | 1 | - | 8,320,099.97 |
1999 | 2 | - | 8,563,338.91 |
1999 | 3 | - | 8,927,282.71 |
1999 | 4 | - | 8,918,459.72 |
1999 | 5 | - | 8,863,899.51 |
1999 | 6 | - | 9,264,759.38 |
1999 | 7 | - | 8,915,071.63 |
1999 | 8 | - | 8,861,758.01 |
1999 | 9 | - | 8,748,994.70 |
1999 | 10 | - | 9,370,693.85 |
1999 | 11 | - | 9,633,891.41 |
1999 | 12 | - | 9,622,433.57 |
2000 | 1 | - | 9,383,982.23 |
2000 | 2 | - | 9,753,800.61 |
2000 | 3 | - | 9,892,759.63 |
2000 | 4 | - | 9,611,924.57 |
2000 | 5 | - | 9,915,995.89 |
2000 | 6 | - | 10,000,315.82 |
2000 | 7 | - | 10,094,289.89 |
2000 | 8 | - | 9,985,306.83 |
2000 | 9 | - | 9,464,649.99 |
2000 | 10 | - | 9,391,529.51 |
2000 | 11 | - | 9,079,723.80 |
2000 | 12 | - | 9,121,037.24 |
2001 | 1 | - | 8,926,188.37 |
2001 | 2 | - | 8,115,699.12 |
2001 | 3 | - | 8,152,113.75 |
2001 | 4 | - | 8,712,924.80 |
2001 | 5 | - | 8,504,803.32 |
2001 | 6 | - | 8,278,556.23 |
2001 | 7 | - | 8,109,190.28 |
2001 | 8 | - | 7,197,123.31 |
2001 | 9 | - | 7,426,281.98 |
2001 | 10 | - | 7,801,542.87 |
2001 | 11 | - | 7,915,917.34 |
2001 | 12 | - | 7,892,352.51 |
2002 | 1 | - | 7,627,740.13 |
2002 | 2 | - | 8,004,952.53 |
2002 | 3 | - | 7,723,623.91 |
2002 | 4 | - | 7,505,789.03 |
2002 | 5 | - | 7,061,374.38 |
2002 | 6 | - | 6,301,676.47 |
2002 | 7 | - | 6,373,439.39 |
2002 | 8 | - | 6,070,208.34 |
2002 | 9 | - | 5,987,226.00 |
2002 | 10 | - | 6,383,914.25 |
2002 | 11 | - | 6,317,836.82 |
2002 | 12 | - | 6,303,778.53 |
2003 | 1 | - | 5,899,401.48 |
2003 | 2 | - | 5,976,559.64 |
2003 | 3 | - | 6,292,472.14 |
2003 | 4 | - | 6,626,741.59 |
2003 | 5 | - | 7,004,743.18 |
2003 | 6 | - | 7,046,484.50 |
2003 | 7 | - | 7,034,764.50 |
2003 | 8 | - | 7,257,146.13 |
2003 | 9 | - | 7,404,308.64 |
2003 | 10 | - | 7,493,944.18 |
2003 | 11 | - | 7,723,544.42 |
2003 | 12 | - | 8,104,698.35 |
2004 | 1 | - | 8,192,769.04 |
2004 | 2 | - | 8,064,536.09 |
2004 | 3 | - | 8,142,611.85 |
2004 | 4 | - | 7,933,814.65 |
2004 | 5 | - | 8,160,537.44 |
2004 | 6 | - | 7,977,840.99 |
2004 | 7 | - | 7,867,142.85 |
2004 | 8 | - | 8,086,055.89 |
2004 | 9 | - | 8,094,351.81 |
2004 | 10 | - | 8,480,767.75 |
2004 | 11 | - | 8,712,076.22 |
2004 | 12 | - | 8,594,531.01 |
2005 | 1 | - | 8,739,022.84 |
2005 | 2 | - | 8,716,686.94 |
2005 | 3 | - | 8,506,709.06 |
2005 | 4 | - | 8,620,347.68 |
2005 | 5 | - | 8,808,331.39 |
2005 | 6 | - | 8,967,567.61 |
2005 | 7 | - | 8,995,368.70 |
2005 | 8 | - | 9,020,527.89 |
2005 | 9 | - | 8,783,809.43 |
2005 | 10 | - | 9,131,783.75 |
2005 | 11 | - | 9,327,581.16 |
2005 | 12 | - | 9,464,395.34 |
2006 | 1 | - | 9,462,820.48 |
2006 | 2 | - | 9,603,451.03 |
2006 | 3 | - | 9,680,118.40 |
2006 | 4 | - | 9,603,971.14 |
2006 | 5 | - | 9,344,107.56 |
2006 | 6 | - | 9,411,388.94 |
2006 | 7 | - | 9,627,075.31 |
2006 | 8 | - | 9,870,753.29 |
2006 | 9 | - | 10,227,671.16 |
2006 | 10 | - | 10,432,392.62 |
2006 | 11 | - | 10,656,508.05 |
2006 | 12 | - | 10,730,339.17 |
2007 | 1 | - | 10,901,600.53 |
2007 | 2 | - | 10,631,906.82 |
2007 | 3 | - | 11,076,348.15 |
2007 | 4 | - | 11,452,030.54 |
2007 | 5 | - | 11,491,528.76 |
2007 | 6 | - | 11,557,561.35 |
2007 | 7 | - | 11,072,015.73 |
2007 | 8 | - | 11,412,451.81 |
2007 | 9 | - | 11,753,870.47 |
2007 | 10 | - | 11,188,943.01 |
2007 | 11 | - | 11,327,486.83 |
2007 | 12 | - | 10,575,885.72 |
2008 | 1 | - | 10,410,482.50 |
2008 | 2 | - | 10,137,037.04 |
2008 | 3 | - | 10,567,232.88 |
2008 | 4 | - | 10,838,029.24 |
2008 | 5 | - | 10,377,783.43 |
2008 | 6 | - | 9,746,972.82 |
2008 | 7 | - | 9,952,686.08 |
2008 | 8 | - | 9,470,226.02 |
2008 | 9 | - | 7,557,847.87 |
2008 | 10 | - | 6,907,468.77 |
2008 | 11 | - | 6,883,208.54 |
2008 | 12 | - | 6,807,799.10 |
2009 | 1 | - | 6,351,505.92 |
2009 | 2 | - | 5,990,268.06 |
2009 | 3 | - | 6,728,373.92 |
2009 | 4 | - | 7,176,471.63 |
2009 | 5 | - | 7,382,354.63 |
2009 | 6 | - | 7,476,674.70 |
2009 | 7 | - | 8,083,836.39 |
2009 | 8 | - | 8,378,924.17 |
2009 | 9 | - | 8,580,278.78 |
2009 | 10 | - | 8,759,977.76 |
2009 | 11 | - | 8,954,962.39 |
2009 | 12 | - | 9,076,478.36 |
2010 | 1 | - | 8,813,399.05 |
2010 | 2 | - | 9,337,182.50 |
2010 | 3 | - | 9,718,880.00 |
2010 | 4 | - | 9,147,176.93 |
2010 | 5 | - | 8,823,040.86 |
2010 | 6 | - | 8,809,005.78 |
2010 | 7 | - | 8,885,081.37 |
2010 | 8 | - | 9,184,611.20 |
2010 | 9 | - | 9,605,030.95 |
2010 | 10 | - | 9,844,284.05 |
2010 | 11 | - | 10,209,874.78 |
2010 | 12 | - | 10,563,360.37 |
2011 | 1 | - | 10,896,197.48 |
2011 | 2 | - | 10,774,981.54 |
2011 | 3 | - | 11,014,292.04 |
2011 | 4 | - | 11,086,902.09 |
2011 | 5 | - | 10,680,833.19 |
2011 | 6 | - | 11,012,124.41 |
2011 | 7 | - | 9,866,792.22 |
2011 | 8 | - | 9,788,919.06 |
2011 | 9 | - | 10,084,437.32 |
2011 | 10 | - | 10,262,641.68 |
2011 | 11 | - | 10,422,200.20 |
2011 | 12 | - | 10,920,647.97 |
2012 | 1 | - | 11,375,231.81 |
2012 | 2 | - | 11,703,274.99 |
2012 | 3 | - | 11,698,803.13 |
2012 | 4 | - | 11,337,198.71 |
2012 | 5 | - | 11,206,547.57 |
2012 | 6 | - | 11,533,900.56 |
2012 | 7 | - | 11,924,634.60 |
2012 | 8 | - | 12,284,897.62 |
2012 | 9 | - | 12,258,222.83 |
2012 | 10 | - | 11,910,396.50 |
2012 | 11 | - | 12,169,511.37 |
2012 | 12 | - | 12,688,998.77 |
2013 | 1 | - | 12,985,035.89 |
2013 | 2 | - | 13,338,547.52 |
2013 | 3 | - | 13,532,462.18 |
2013 | 4 | - | 14,151,473.51 |
2013 | 5 | - | 13,993,291.87 |
2013 | 6 | - | 14,448,700.36 |
2013 | 7 | - | 14,485,187.41 |
2013 | 8 | - | 14,657,918.54 |
2013 | 9 | - | 14,968,307.28 |
2013 | 10 | - | 15,546,083.05 |
2013 | 11 | - | 15,782,641.83 |
2013 | 12 | - | 15,935,387.45 |
2014 | 1 | - | 15,914,665.73 |
2014 | 2 | - | 16,347,905.79 |
2014 | 3 | - | 16,380,883.43 |
2014 | 4 | - | 16,631,844.26 |
2014 | 5 | - | 17,163,450.86 |
2014 | 6 | - | 17,420,185.53 |
2014 | 7 | - | 17,345,809.91 |
2014 | 8 | - | 17,654,224.27 |
2014 | 9 | - | 17,186,990.45 |
2014 | 10 | - | 18,167,620.36 |
2014 | 11 | - | 18,282,782.67 |
2014 | 12 | - | 18,079,835.45 |
2015 | 1 | - | 18,591,024.37 |
2015 | 2 | - | 18,601,317.00 |
2015 | 3 | - | 18,764,712.77 |
2015 | 4 | - | 18,948,401.28 |
2015 | 5 | - | 18,865,880.98 |
2015 | 6 | - | 18,850,858.06 |
2015 | 7 | - | 18,393,838.33 |
2015 | 8 | - | 17,564,810.47 |
2015 | 9 | - | 18,323,104.30 |
2015 | 10 | - | 18,860,423.82 |
2015 | 11 | - | 18,652,399.03 |
2015 | 12 | - | 17,454,985.57 |
2016 | 1 | - | 17,358,999.02 |
2016 | 2 | - | 18,463,504.82 |
2016 | 3 | - | 18,986,254.70 |
2016 | 4 | - | 18,928,467.14 |
2016 | 5 | - | 19,130,337.39 |
2016 | 6 | - | 19,761,148.58 |
2016 | 7 | - | 19,998,135.54 |
2016 | 8 | - | 19,910,409.47 |
2016 | 9 | - | 19,809,666.59 |
2016 | 10 | - | 20,047,612.50 |
2016 | 11 | - | 20,838,684.03 |
2016 | 12 | - | 21,138,268.19 |
2017 | 1 | - | 21,682,884.11 |
2017 | 2 | - | 22,062,173.45 |
2017 | 3 | - | 22,028,196.80 |
2017 | 4 | - | 22,400,996.13 |
2017 | 5 | - | 22,798,933.68 |
2017 | 6 | - | 23,024,160.72 |
2017 | 7 | - | 23,081,215.80 |
2017 | 8 | - | 23,462,809.02 |
2017 | 9 | - | 24,104,469.71 |
2017 | 10 | - | 24,487,626.88 |
2017 | 11 | - | 25,193,724.24 |
2017 | 12 | - | 26,418,617.48 |
2018 | 1 | - | 25,655,994.84 |
2018 | 2 | - | 25,672,563.03 |
2018 | 3 | - | 25,245,378.79 |
2018 | 4 | - | 25,740,597.47 |
2018 | 5 | - | 26,284,488.51 |
2018 | 6 | - | 26,699,978.46 |
2018 | 7 | - | 27,354,342.84 |
2018 | 8 | - | 27,813,826.80 |
2018 | 9 | - | 26,743,276.45 |
2018 | 10 | - | 26,188,057.07 |
2018 | 11 | - | 24,731,343.21 |
2018 | 12 | - | 25,160,589.40 |
2019 | 1 | - | 26,627,175.64 |
2019 | 2 | - | 27,145,878.87 |
2019 | 3 | - | 28,156,579.55 |
2019 | 4 | - | 27,725,280.29 |
2019 | 5 | - | 28,114,750.94 |
2019 | 6 | - | 29,190,799.12 |
2019 | 7 | - | 28,275,838.62 |
2019 | 8 | - | 29,148,212.55 |
2019 | 9 | - | 29,151,069.88 |
2019 | 10 | - | 30,443,538.60 |
2019 | 11 | - | 31,195,286.95 |
2019 | 12 | - | 32,239,205.25 |
2020 | 1 | - | 32,278,561.85 |
2020 | 2 | - | 26,172,197.47 |
2020 | 3 | - | 27,302,473.75 |
2020 | 4 | - | 28,909,870.13 |
2020 | 5 | - | 30,791,403.07 |
2020 | 6 | - | 31,861,846.15 |
2020 | 7 | - | 33,739,625.60 |
2020 | 8 | - | 33,528,077.26 |
2020 | 9 | - | 34,106,772.33 |
2020 | 10 | - | 35,455,393.87 |
2020 | 11 | - | 36,965,822.17 |
2020 | 12 | - | 37,999,127.71 |
2021 | 1 | - | 38,945,886.83 |
2021 | 2 | - | 39,265,771.86 |
2021 | 3 | - | 41,630,154.86 |
2021 | 4 | - | 41,946,640.41 |
2021 | 5 | - | 42,706,051.95 |
2021 | 6 | - | 44,016,359.67 |
2021 | 7 | - | 44,978,188.37 |
2021 | 8 | - | 44,940,182.33 |
2021 | 9 | - | 45,143,391.08 |
2021 | 10 | - | 47,285,329.44 |
2021 | 11 | - | 47,410,826.43 |
2021 | 12 | - | 46,437,978.60 |
2022 | 1 | - | 45,090,083.83 |
2022 | 2 | - | 44,687,617.14 |
2022 | 3 | - | 44,740,483.41 |
2022 | 4 | - | 41,218,185.82 |
2022 | 5 | - | 39,829,386.50 |
2022 | 6 | - | 40,014,467.82 |
2022 | 7 | - | 42,594,358.16 |
2022 | 8 | - | 39,494,594.57 |
2022 | 9 | - | 38,273,747.49 |
2022 | 10 | - | 40,296,551.09 |
2022 | 11 | - | 40,300,918.21 |
2022 | 12 | - | 40,855,642.74 |
2023 | 1 | - | 42,141,358.23 |
2023 | 2 | - | 41,051,824.16 |
2023 | 3 | - | 42,692,345.89 |
2023 | 4 | - | 43,007,285.30 |
2023 | 5 | - | 45,132,785.63 |
2023 | 6 | - | 46,882,151.35 |
2023 | 7 | - | 46,414,437.79 |
2023 | 8 | - | 45,971,840.31 |
2023 | 9 | - | 44,575,531.83 |
2023 | 10 | - | 46,626,774.65 |
2023 | 11 | - | 49,039,825.39 |
2023 | 12 | - | 50,467,785.07 |
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 | $90.25 |
End Value Average monthly close | $3,960.66 |
Change in price | +4,288.54% +8.77% / yr |
Change incl. dividends | +17,597.51% +11.91% / yr |
Change incl. dividends, inflation-adjusted | +3,686.90% +8.22% / yr |
Final amount, nominal ($330000 base) | $58,401,787.83 |
Final amount, inflation-adjusted ($330000 base) | $12,496,782.05 |