Stock market returns between 1979 and 2024
If you invested $100 in the S&P 500 at the beginning of 1979, you would have about $19,311.85 at the end of 2024, assuming you reinvested all dividends. This is a return on investment of 19,211.85%, or 12.17% per year.
This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 4,372.00% cumulatively, or 8.65% per year.
If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $16,653.51.
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:
Adjusting stock market return for inflation
The nominal return on investment of $100 is $19,211.85, or 19,211.85%. This means by 2024 you would have $19,311.85 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 1979 was 72.600 and the CPI in 2024 was 313.515.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 45 years.
Adjusted for inflation, the $19,311.85 nominal end value of the original $100 investment would have a real return of roughly $4,372.00 in 1979 dollars. This means the inflation-adjusted return is 4,372.00% as opposed to the original 19,211.85%.
For more information on inflation, see our U.S. inflation calculator for 1979.
Full monthly data
The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 550-month period between 1979 and 2024.
Note that data shown is the monthly average closing price. Returns include dividends.
| Year | Month | Return (%) | Amount ($) | CPI |
|---|---|---|---|---|
| 1979 | 1 | -1.06% | 98.94 | 68.30 |
| 1979 | 2 | 2.34% | 101.26 | 69.10 |
| 1979 | 3 | 2.43% | 103.72 | 69.80 |
| 1979 | 4 | -1.89% | 101.76 | 70.60 |
| 1979 | 5 | 2.42% | 104.22 | 71.50 |
| 1979 | 6 | 1.42% | 105.70 | 72.30 |
| 1979 | 7 | 5.01% | 111.00 | 73.10 |
| 1979 | 8 | 1.54% | 112.71 | 73.80 |
| 1979 | 9 | -3.35% | 108.93 | 74.60 |
| 1979 | 10 | -0.32% | 108.58 | 75.20 |
| 1979 | 11 | 4.40% | 113.36 | 75.90 |
| 1979 | 12 | 3.31% | 117.12 | 76.70 |
| 1980 | 1 | 4.40% | 122.26 | 77.80 |
| 1980 | 2 | -8.78% | 111.53 | 78.90 |
| 1980 | 3 | -1.16% | 110.24 | 80.10 |
| 1980 | 4 | 5.04% | 115.79 | 81.00 |
| 1980 | 5 | 6.86% | 123.73 | 81.80 |
| 1980 | 6 | 4.97% | 129.88 | 82.70 |
| 1980 | 7 | 3.50% | 134.43 | 82.70 |
| 1980 | 8 | 2.84% | 138.25 | 83.30 |
| 1980 | 9 | 3.32% | 142.84 | 84.00 |
| 1980 | 10 | 4.61% | 149.43 | 84.80 |
| 1980 | 11 | -1.24% | 147.57 | 85.50 |
| 1980 | 12 | 0.01% | 147.59 | 86.30 |
| 1981 | 1 | -3.07% | 143.06 | 87.00 |
| 1981 | 2 | 4.14% | 148.99 | 87.90 |
| 1981 | 3 | 1.29% | 150.91 | 88.50 |
| 1981 | 4 | -1.62% | 148.47 | 89.10 |
| 1981 | 5 | 0.86% | 149.75 | 89.80 |
| 1981 | 6 | -2.02% | 146.73 | 90.60 |
| 1981 | 7 | 0.80% | 147.90 | 91.60 |
| 1981 | 8 | -8.30% | 135.62 | 92.30 |
| 1981 | 9 | 1.73% | 137.97 | 93.20 |
| 1981 | 10 | 3.04% | 142.17 | 93.40 |
| 1981 | 11 | 1.18% | 143.84 | 93.70 |
| 1981 | 12 | -4.80% | 136.93 | 94.00 |
| 1982 | 1 | -1.91% | 134.31 | 94.30 |
| 1982 | 2 | -2.74% | 130.62 | 94.60 |
| 1982 | 3 | 5.47% | 137.77 | 94.50 |
| 1982 | 4 | 0.57% | 138.55 | 94.90 |
| 1982 | 5 | -5.27% | 131.25 | 95.80 |
| 1982 | 6 | 0.24% | 131.57 | 97.00 |
| 1982 | 7 | 0.79% | 132.62 | 97.50 |
| 1982 | 8 | 12.10% | 148.66 | 97.70 |
| 1982 | 9 | 8.88% | 161.86 | 97.90 |
| 1982 | 10 | 4.50% | 169.14 | 98.20 |
| 1982 | 11 | 1.36% | 171.44 | 98.00 |
| 1982 | 12 | 3.93% | 178.17 | 97.60 |
| 1983 | 1 | 2.13% | 181.96 | 97.80 |
| 1983 | 2 | 3.87% | 189.00 | 97.90 |
| 1983 | 3 | 4.20% | 196.93 | 97.90 |
| 1983 | 4 | 4.42% | 205.64 | 98.60 |
| 1983 | 5 | 1.75% | 209.25 | 99.20 |
| 1983 | 6 | 0.71% | 210.73 | 99.50 |
| 1983 | 7 | -2.41% | 205.66 | 99.90 |
| 1983 | 8 | 3.31% | 212.47 | 100.20 |
| 1983 | 9 | 0.65% | 213.85 | 100.70 |
| 1983 | 10 | -1.14% | 211.41 | 101.00 |
| 1983 | 11 | -0.13% | 211.14 | 101.20 |
| 1983 | 12 | 1.58% | 214.46 | 101.30 |
| 1984 | 1 | -5.11% | 203.50 | 101.90 |
| 1984 | 2 | 0.44% | 204.40 | 102.40 |
| 1984 | 3 | 0.51% | 205.44 | 102.60 |
| 1984 | 4 | -0.25% | 204.92 | 103.10 |
| 1984 | 5 | -1.85% | 201.13 | 103.40 |
| 1984 | 6 | -0.91% | 199.30 | 103.70 |
| 1984 | 7 | 9.21% | 217.65 | 104.10 |
| 1984 | 8 | 1.41% | 220.71 | 104.50 |
| 1984 | 9 | -0.41% | 219.80 | 105.00 |
| 1984 | 10 | 1.29% | 222.63 | 105.30 |
| 1984 | 11 | -0.71% | 221.06 | 105.30 |
| 1984 | 12 | 4.70% | 231.44 | 105.30 |
| 1985 | 1 | 5.79% | 244.83 | 105.50 |
| 1985 | 2 | -0.48% | 243.66 | 106.00 |
| 1985 | 3 | 1.02% | 246.16 | 106.40 |
| 1985 | 4 | 2.74% | 252.89 | 106.90 |
| 1985 | 5 | 2.51% | 259.24 | 107.30 |
| 1985 | 6 | 2.25% | 265.07 | 107.60 |
| 1985 | 7 | -1.85% | 260.18 | 107.80 |
| 1985 | 8 | -1.88% | 255.27 | 108.00 |
| 1985 | 9 | 1.50% | 259.09 | 108.30 |
| 1985 | 10 | 6.42% | 275.73 | 108.70 |
| 1985 | 11 | 5.29% | 290.32 | 109.00 |
| 1985 | 12 | 0.75% | 292.51 | 109.30 |
| 1986 | 1 | 5.70% | 309.17 | 109.60 |
| 1986 | 2 | 6.18% | 328.29 | 109.30 |
| 1986 | 3 | 2.74% | 337.29 | 108.80 |
| 1986 | 4 | 0.49% | 338.95 | 108.60 |
| 1986 | 5 | 3.13% | 349.57 | 108.90 |
| 1986 | 6 | -1.80% | 343.26 | 109.50 |
| 1986 | 7 | 2.28% | 351.09 | 109.50 |
| 1986 | 8 | -2.46% | 342.47 | 109.70 |
| 1986 | 9 | -0.09% | 342.16 | 110.20 |
| 1986 | 10 | 3.53% | 354.25 | 110.30 |
| 1986 | 11 | 1.71% | 360.30 | 110.40 |
| 1986 | 12 | 6.67% | 384.34 | 110.50 |
| 1987 | 1 | 6.46% | 409.18 | 111.20 |
| 1987 | 2 | 4.38% | 427.09 | 111.60 |
| 1987 | 3 | -0.86% | 423.43 | 112.10 |
| 1987 | 4 | 0.17% | 424.16 | 112.70 |
| 1987 | 5 | 4.50% | 443.24 | 113.10 |
| 1987 | 6 | 3.12% | 457.08 | 113.50 |
| 1987 | 7 | 6.45% | 486.58 | 113.80 |
| 1987 | 8 | -3.03% | 471.84 | 114.40 |
| 1987 | 9 | -11.85% | 415.91 | 115.00 |
| 1987 | 10 | -12.30% | 364.73 | 115.30 |
| 1987 | 11 | -1.33% | 359.87 | 115.40 |
| 1987 | 12 | 4.25% | 375.15 | 115.40 |
| 1988 | 1 | 3.33% | 387.64 | 115.70 |
| 1988 | 2 | 3.23% | 400.16 | 116.00 |
| 1988 | 3 | -0.89% | 396.62 | 116.50 |
| 1988 | 4 | -2.19% | 387.94 | 117.10 |
| 1988 | 5 | 6.00% | 411.21 | 117.50 |
| 1988 | 6 | -0.31% | 409.95 | 118.00 |
| 1988 | 7 | -1.72% | 402.90 | 118.50 |
| 1988 | 8 | 1.93% | 410.67 | 119.00 |
| 1988 | 9 | 3.80% | 426.28 | 119.80 |
| 1988 | 10 | -2.02% | 417.67 | 120.20 |
| 1988 | 11 | 2.33% | 427.38 | 120.30 |
| 1988 | 12 | 3.51% | 442.39 | 120.50 |
| 1989 | 1 | 3.30% | 456.99 | 121.10 |
| 1989 | 2 | -0.16% | 456.25 | 121.60 |
| 1989 | 3 | 3.56% | 472.52 | 122.30 |
| 1989 | 4 | 4.12% | 491.96 | 123.10 |
| 1989 | 5 | 3.39% | 508.65 | 123.80 |
| 1989 | 6 | 2.80% | 522.90 | 124.10 |
| 1989 | 7 | 4.69% | 547.42 | 124.40 |
| 1989 | 8 | 0.46% | 549.92 | 124.60 |
| 1989 | 9 | 0.29% | 551.49 | 125.00 |
| 1989 | 10 | -1.81% | 541.49 | 125.60 |
| 1989 | 11 | 2.74% | 556.31 | 125.90 |
| 1989 | 12 | -2.21% | 544.01 | 126.10 |
| 1990 | 1 | -2.53% | 530.26 | 127.40 |
| 1990 | 2 | 2.71% | 544.62 | 128.00 |
| 1990 | 3 | 0.20% | 545.68 | 128.70 |
| 1990 | 4 | 3.85% | 566.70 | 128.90 |
| 1990 | 5 | 3.17% | 584.66 | 129.20 |
| 1990 | 6 | 0.17% | 585.65 | 129.90 |
| 1990 | 7 | -7.86% | 539.61 | 130.40 |
| 1990 | 8 | -4.34% | 516.19 | 131.60 |
| 1990 | 9 | -2.32% | 504.24 | 132.70 |
| 1990 | 10 | 2.98% | 519.28 | 133.50 |
| 1990 | 11 | 4.59% | 543.10 | 133.80 |
| 1990 | 12 | -0.69% | 539.38 | 133.80 |
| 1991 | 1 | 11.61% | 601.98 | 134.60 |
| 1991 | 2 | 3.04% | 620.31 | 134.80 |
| 1991 | 3 | 2.26% | 634.32 | 135.00 |
| 1991 | 4 | -0.18% | 633.19 | 135.20 |
| 1991 | 5 | 0.35% | 635.38 | 135.60 |
| 1991 | 6 | 0.78% | 640.34 | 136.00 |
| 1991 | 7 | 2.68% | 657.50 | 136.20 |
| 1991 | 8 | -0.30% | 655.50 | 136.60 |
| 1991 | 9 | 0.18% | 656.69 | 137.20 |
| 1991 | 10 | 0.02% | 656.80 | 137.40 |
| 1991 | 11 | 0.94% | 662.94 | 137.80 |
| 1991 | 12 | 7.36% | 711.72 | 137.90 |
| 1992 | 1 | -0.60% | 707.44 | 138.10 |
| 1992 | 2 | -1.01% | 700.28 | 138.60 |
| 1992 | 3 | 0.26% | 702.13 | 139.30 |
| 1992 | 4 | 2.07% | 716.65 | 139.50 |
| 1992 | 5 | -1.33% | 707.13 | 139.70 |
| 1992 | 6 | 1.91% | 720.65 | 140.20 |
| 1992 | 7 | 0.94% | 727.44 | 140.50 |
| 1992 | 8 | 0.38% | 730.19 | 140.90 |
| 1992 | 9 | -1.18% | 721.56 | 141.30 |
| 1992 | 10 | 2.76% | 741.45 | 141.80 |
| 1992 | 11 | 3.27% | 765.70 | 142.00 |
| 1992 | 12 | 0.14% | 766.80 | 141.90 |
| 1993 | 1 | 1.72% | 780.02 | 142.60 |
| 1993 | 2 | 2.15% | 796.79 | 143.10 |
| 1993 | 3 | -1.34% | 786.10 | 143.60 |
| 1993 | 4 | 0.72% | 791.80 | 144.00 |
| 1993 | 5 | 0.87% | 798.65 | 144.20 |
| 1993 | 6 | 0.06% | 799.14 | 144.40 |
| 1993 | 7 | 1.76% | 813.22 | 144.40 |
| 1993 | 8 | 1.35% | 824.24 | 144.80 |
| 1993 | 9 | 1.24% | 834.47 | 145.10 |
| 1993 | 10 | 0.01% | 834.54 | 145.70 |
| 1993 | 11 | 0.89% | 841.94 | 145.80 |
| 1993 | 12 | 1.74% | 856.56 | 145.80 |
| 1994 | 1 | -0.08% | 855.91 | 146.20 |
| 1994 | 2 | -1.42% | 843.72 | 146.70 |
| 1994 | 3 | -3.35% | 815.49 | 147.20 |
| 1994 | 4 | 1.06% | 824.12 | 147.40 |
| 1994 | 5 | 1.11% | 833.25 | 147.50 |
| 1994 | 6 | -0.52% | 828.93 | 148.00 |
| 1994 | 7 | 3.08% | 854.47 | 148.40 |
| 1994 | 8 | 0.82% | 861.46 | 149.00 |
| 1994 | 9 | -0.44% | 857.63 | 149.40 |
| 1994 | 10 | -0.37% | 854.46 | 149.50 |
| 1994 | 11 | -1.03% | 845.70 | 149.70 |
| 1994 | 12 | 2.45% | 866.43 | 149.70 |
| 1995 | 1 | 3.82% | 899.52 | 150.30 |
| 1995 | 2 | 2.56% | 922.53 | 150.90 |
| 1995 | 3 | 3.22% | 952.19 | 151.40 |
| 1995 | 4 | 3.35% | 984.07 | 151.90 |
| 1995 | 5 | 3.18% | 1,015.35 | 152.20 |
| 1995 | 6 | 3.55% | 1,051.37 | 152.50 |
| 1995 | 7 | 0.51% | 1,056.76 | 152.50 |
| 1995 | 8 | 3.72% | 1,096.05 | 152.90 |
| 1995 | 9 | 0.91% | 1,106.05 | 153.20 |
| 1995 | 10 | 2.36% | 1,132.14 | 153.70 |
| 1995 | 11 | 3.39% | 1,170.50 | 153.60 |
| 1995 | 12 | 0.16% | 1,172.41 | 153.50 |
| 1996 | 1 | 5.90% | 1,241.63 | 154.40 |
| 1996 | 2 | -0.20% | 1,239.14 | 154.90 |
| 1996 | 3 | 0.20% | 1,241.58 | 155.70 |
| 1996 | 4 | 2.35% | 1,270.82 | 156.30 |
| 1996 | 5 | 1.28% | 1,287.07 | 156.60 |
| 1996 | 6 | -3.48% | 1,242.32 | 156.70 |
| 1996 | 7 | 3.08% | 1,280.53 | 157.00 |
| 1996 | 8 | 2.02% | 1,306.45 | 157.30 |
| 1996 | 9 | 4.12% | 1,360.27 | 157.80 |
| 1996 | 10 | 5.05% | 1,428.99 | 158.30 |
| 1996 | 11 | 1.20% | 1,446.11 | 158.60 |
| 1996 | 12 | 3.26% | 1,493.22 | 158.60 |
| 1997 | 1 | 4.36% | 1,558.34 | 159.10 |
| 1997 | 2 | -0.62% | 1,548.62 | 159.60 |
| 1997 | 3 | -3.41% | 1,495.89 | 160.00 |
| 1997 | 4 | 9.22% | 1,633.77 | 160.20 |
| 1997 | 5 | 5.34% | 1,720.97 | 160.10 |
| 1997 | 6 | 5.74% | 1,819.68 | 160.30 |
| 1997 | 7 | 0.35% | 1,826.01 | 160.50 |
| 1997 | 8 | 1.19% | 1,847.77 | 160.80 |
| 1997 | 9 | 1.65% | 1,878.18 | 161.20 |
| 1997 | 10 | -1.15% | 1,856.54 | 161.60 |
| 1997 | 11 | 2.63% | 1,905.45 | 161.50 |
| 1997 | 12 | 0.24% | 1,909.97 | 161.30 |
| 1998 | 1 | 6.40% | 2,032.25 | 161.60 |
| 1998 | 2 | 5.31% | 2,140.22 | 161.90 |
| 1998 | 3 | 3.41% | 2,213.11 | 162.20 |
| 1998 | 4 | -0.22% | 2,208.20 | 162.50 |
| 1998 | 5 | 0.12% | 2,210.77 | 162.80 |
| 1998 | 6 | 4.47% | 2,309.54 | 163.00 |
| 1998 | 7 | -6.97% | 2,148.54 | 163.20 |
| 1998 | 8 | -4.90% | 2,043.30 | 163.40 |
| 1998 | 9 | 1.29% | 2,069.67 | 163.60 |
| 1998 | 10 | 10.97% | 2,296.81 | 164.00 |
| 1998 | 11 | 4.10% | 2,391.07 | 164.00 |
| 1998 | 12 | 5.05% | 2,511.76 | 163.90 |
| 1999 | 1 | -0.07% | 2,510.09 | 164.30 |
| 1999 | 2 | 2.92% | 2,583.47 | 164.50 |
| 1999 | 3 | 4.25% | 2,693.27 | 165.00 |
| 1999 | 4 | -0.10% | 2,690.61 | 166.20 |
| 1999 | 5 | -0.61% | 2,674.15 | 166.20 |
| 1999 | 6 | 4.52% | 2,795.08 | 166.20 |
| 1999 | 7 | -3.77% | 2,689.58 | 166.70 |
| 1999 | 8 | -0.60% | 2,673.50 | 167.10 |
| 1999 | 9 | -1.27% | 2,639.48 | 167.90 |
| 1999 | 10 | 7.11% | 2,827.04 | 168.20 |
| 1999 | 11 | 2.81% | 2,906.44 | 168.30 |
| 1999 | 12 | -0.12% | 2,902.99 | 168.30 |
| 2000 | 1 | -2.48% | 2,831.05 | 168.80 |
| 2000 | 2 | 3.94% | 2,942.62 | 169.80 |
| 2000 | 3 | 1.42% | 2,984.54 | 171.20 |
| 2000 | 4 | -2.84% | 2,899.82 | 171.30 |
| 2000 | 5 | 3.16% | 2,991.55 | 171.50 |
| 2000 | 6 | 0.85% | 3,016.99 | 172.40 |
| 2000 | 7 | 0.94% | 3,045.34 | 172.80 |
| 2000 | 8 | -1.08% | 3,012.46 | 172.80 |
| 2000 | 9 | -5.21% | 2,855.39 | 173.70 |
| 2000 | 10 | -0.77% | 2,833.33 | 174.00 |
| 2000 | 11 | -3.32% | 2,739.26 | 174.10 |
| 2000 | 12 | 0.46% | 2,751.72 | 174.00 |
| 2001 | 1 | -2.14% | 2,692.94 | 175.10 |
| 2001 | 2 | -9.08% | 2,448.42 | 175.80 |
| 2001 | 3 | 0.45% | 2,459.41 | 176.20 |
| 2001 | 4 | 6.88% | 2,628.60 | 176.90 |
| 2001 | 5 | -2.39% | 2,565.81 | 177.70 |
| 2001 | 6 | -2.66% | 2,497.55 | 178.00 |
| 2001 | 7 | -2.05% | 2,446.46 | 177.50 |
| 2001 | 8 | -11.25% | 2,171.30 | 177.50 |
| 2001 | 9 | 3.18% | 2,240.43 | 178.30 |
| 2001 | 10 | 5.05% | 2,353.64 | 177.70 |
| 2001 | 11 | 1.47% | 2,388.15 | 177.40 |
| 2001 | 12 | -0.30% | 2,381.04 | 176.70 |
| 2002 | 1 | -3.35% | 2,301.21 | 177.10 |
| 2002 | 2 | 4.95% | 2,415.01 | 177.80 |
| 2002 | 3 | -3.51% | 2,330.14 | 178.80 |
| 2002 | 4 | -2.82% | 2,264.42 | 179.80 |
| 2002 | 5 | -5.92% | 2,130.34 | 179.80 |
| 2002 | 6 | -10.76% | 1,901.15 | 179.90 |
| 2002 | 7 | 1.14% | 1,922.80 | 180.10 |
| 2002 | 8 | -4.76% | 1,831.32 | 180.70 |
| 2002 | 9 | -1.37% | 1,806.28 | 181.00 |
| 2002 | 10 | 6.63% | 1,925.96 | 181.30 |
| 2002 | 11 | -1.04% | 1,906.03 | 181.30 |
| 2002 | 12 | -0.22% | 1,901.78 | 180.90 |
| 2003 | 1 | -6.41% | 1,779.79 | 181.70 |
| 2003 | 2 | 1.31% | 1,803.07 | 183.10 |
| 2003 | 3 | 5.29% | 1,898.37 | 184.20 |
| 2003 | 4 | 5.31% | 1,999.22 | 183.80 |
| 2003 | 5 | 5.70% | 2,113.26 | 183.50 |
| 2003 | 6 | 0.60% | 2,125.85 | 183.70 |
| 2003 | 7 | -0.17% | 2,122.31 | 183.90 |
| 2003 | 8 | 3.16% | 2,189.40 | 184.60 |
| 2003 | 9 | 2.03% | 2,233.80 | 185.20 |
| 2003 | 10 | 1.21% | 2,260.84 | 185.00 |
| 2003 | 11 | 3.06% | 2,330.11 | 184.50 |
| 2003 | 12 | 4.93% | 2,445.10 | 184.30 |
| 2004 | 1 | 1.09% | 2,471.67 | 185.20 |
| 2004 | 2 | -1.57% | 2,432.99 | 186.20 |
| 2004 | 3 | 0.97% | 2,456.54 | 187.40 |
| 2004 | 4 | -2.56% | 2,393.55 | 188.00 |
| 2004 | 5 | 2.86% | 2,461.95 | 189.10 |
| 2004 | 6 | -2.24% | 2,406.83 | 189.70 |
| 2004 | 7 | -1.39% | 2,373.43 | 189.40 |
| 2004 | 8 | 2.78% | 2,439.48 | 189.50 |
| 2004 | 9 | 0.10% | 2,441.98 | 189.90 |
| 2004 | 10 | 4.77% | 2,558.56 | 190.90 |
| 2004 | 11 | 2.73% | 2,628.34 | 191.00 |
| 2004 | 12 | -1.35% | 2,592.88 | 190.30 |
| 2005 | 1 | 1.68% | 2,636.47 | 190.70 |
| 2005 | 2 | -0.26% | 2,629.73 | 191.80 |
| 2005 | 3 | -2.41% | 2,566.39 | 193.30 |
| 2005 | 4 | 1.34% | 2,600.67 | 194.60 |
| 2005 | 5 | 2.18% | 2,657.38 | 194.40 |
| 2005 | 6 | 1.81% | 2,705.42 | 194.50 |
| 2005 | 7 | 0.31% | 2,713.81 | 195.40 |
| 2005 | 8 | 0.28% | 2,721.40 | 196.40 |
| 2005 | 9 | -2.62% | 2,649.98 | 198.80 |
| 2005 | 10 | 3.96% | 2,754.96 | 199.20 |
| 2005 | 11 | 2.14% | 2,814.03 | 197.60 |
| 2005 | 12 | 1.47% | 2,855.31 | 196.80 |
| 2006 | 1 | -0.02% | 2,854.83 | 198.30 |
| 2006 | 2 | 1.49% | 2,897.26 | 198.70 |
| 2006 | 3 | 0.80% | 2,920.39 | 199.80 |
| 2006 | 4 | -0.79% | 2,897.42 | 201.50 |
| 2006 | 5 | -2.71% | 2,819.02 | 202.50 |
| 2006 | 6 | 0.72% | 2,839.32 | 202.90 |
| 2006 | 7 | 2.29% | 2,904.39 | 203.50 |
| 2006 | 8 | 2.53% | 2,977.90 | 203.90 |
| 2006 | 9 | 3.62% | 3,085.58 | 202.90 |
| 2006 | 10 | 2.00% | 3,147.34 | 201.80 |
| 2006 | 11 | 2.15% | 3,214.96 | 201.50 |
| 2006 | 12 | 0.69% | 3,237.23 | 201.80 |
| 2007 | 1 | 1.60% | 3,288.90 | 202.42 |
| 2007 | 2 | -2.47% | 3,207.53 | 203.50 |
| 2007 | 3 | 4.18% | 3,341.62 | 205.35 |
| 2007 | 4 | 3.39% | 3,454.96 | 206.69 |
| 2007 | 5 | 0.34% | 3,466.87 | 207.95 |
| 2007 | 6 | 0.57% | 3,486.80 | 208.35 |
| 2007 | 7 | -4.20% | 3,340.31 | 208.30 |
| 2007 | 8 | 3.07% | 3,443.02 | 207.92 |
| 2007 | 9 | 2.99% | 3,546.02 | 208.49 |
| 2007 | 10 | -4.81% | 3,375.59 | 208.94 |
| 2007 | 11 | 1.24% | 3,417.38 | 210.18 |
| 2007 | 12 | -6.64% | 3,190.63 | 210.04 |
| 2008 | 1 | -1.56% | 3,140.73 | 211.08 |
| 2008 | 2 | -2.63% | 3,058.24 | 211.69 |
| 2008 | 3 | 4.24% | 3,188.02 | 213.53 |
| 2008 | 4 | 2.56% | 3,269.72 | 214.82 |
| 2008 | 5 | -4.25% | 3,130.87 | 216.63 |
| 2008 | 6 | -6.08% | 2,940.56 | 218.82 |
| 2008 | 7 | 2.11% | 3,002.62 | 219.96 |
| 2008 | 8 | -4.85% | 2,857.07 | 219.09 |
| 2008 | 9 | -20.19% | 2,280.12 | 218.78 |
| 2008 | 10 | -8.61% | 2,083.91 | 216.57 |
| 2008 | 11 | -0.35% | 2,076.59 | 212.43 |
| 2008 | 12 | -1.10% | 2,053.84 | 210.23 |
| 2009 | 1 | -6.70% | 1,916.18 | 211.14 |
| 2009 | 2 | -5.69% | 1,807.20 | 212.19 |
| 2009 | 3 | 12.32% | 2,029.88 | 212.71 |
| 2009 | 4 | 6.66% | 2,165.07 | 213.24 |
| 2009 | 5 | 2.87% | 2,227.18 | 213.86 |
| 2009 | 6 | 1.28% | 2,255.63 | 215.69 |
| 2009 | 7 | 8.12% | 2,438.81 | 215.35 |
| 2009 | 8 | 3.65% | 2,527.83 | 215.83 |
| 2009 | 9 | 2.40% | 2,588.58 | 215.97 |
| 2009 | 10 | 2.09% | 2,642.79 | 216.18 |
| 2009 | 11 | 2.23% | 2,701.62 | 216.33 |
| 2009 | 12 | 1.36% | 2,738.28 | 215.95 |
| 2010 | 1 | -2.90% | 2,658.91 | 216.69 |
| 2010 | 2 | 5.94% | 2,816.93 | 216.74 |
| 2010 | 3 | 4.09% | 2,932.08 | 217.63 |
| 2010 | 4 | -5.88% | 2,759.61 | 218.01 |
| 2010 | 5 | -3.54% | 2,661.82 | 218.18 |
| 2010 | 6 | -0.16% | 2,657.58 | 217.97 |
| 2010 | 7 | 0.86% | 2,680.54 | 218.01 |
| 2010 | 8 | 3.37% | 2,770.90 | 218.31 |
| 2010 | 9 | 4.58% | 2,897.74 | 218.44 |
| 2010 | 10 | 2.49% | 2,969.92 | 218.71 |
| 2010 | 11 | 3.71% | 3,080.21 | 218.80 |
| 2010 | 12 | 3.46% | 3,186.86 | 219.18 |
| 2011 | 1 | 3.15% | 3,287.27 | 220.22 |
| 2011 | 2 | -1.11% | 3,250.70 | 221.31 |
| 2011 | 3 | 2.22% | 3,322.90 | 223.47 |
| 2011 | 4 | 0.66% | 3,344.80 | 224.91 |
| 2011 | 5 | -3.66% | 3,222.30 | 225.96 |
| 2011 | 6 | 3.10% | 3,322.24 | 225.72 |
| 2011 | 7 | -10.40% | 2,976.71 | 225.92 |
| 2011 | 8 | -0.79% | 2,953.21 | 226.55 |
| 2011 | 9 | 3.02% | 3,042.37 | 226.89 |
| 2011 | 10 | 1.77% | 3,096.13 | 226.42 |
| 2011 | 11 | 1.55% | 3,144.27 | 226.23 |
| 2011 | 12 | 4.78% | 3,294.65 | 225.67 |
| 2012 | 1 | 4.16% | 3,431.79 | 226.67 |
| 2012 | 2 | 2.88% | 3,530.76 | 227.66 |
| 2012 | 3 | -0.04% | 3,529.41 | 229.39 |
| 2012 | 4 | -3.09% | 3,420.31 | 230.09 |
| 2012 | 5 | -1.15% | 3,380.90 | 229.82 |
| 2012 | 6 | 2.92% | 3,479.66 | 229.48 |
| 2012 | 7 | 3.39% | 3,597.54 | 229.10 |
| 2012 | 8 | 3.02% | 3,706.22 | 230.38 |
| 2012 | 9 | -0.22% | 3,698.18 | 231.41 |
| 2012 | 10 | -2.84% | 3,593.24 | 231.32 |
| 2012 | 11 | 2.18% | 3,671.41 | 230.22 |
| 2012 | 12 | 4.27% | 3,828.14 | 229.60 |
| 2013 | 1 | 2.33% | 3,917.45 | 230.28 |
| 2013 | 2 | 2.72% | 4,024.10 | 232.17 |
| 2013 | 3 | 1.45% | 4,082.60 | 232.77 |
| 2013 | 4 | 4.57% | 4,269.35 | 232.53 |
| 2013 | 5 | -1.12% | 4,221.63 | 232.95 |
| 2013 | 6 | 3.25% | 4,359.02 | 233.50 |
| 2013 | 7 | 0.25% | 4,370.03 | 233.60 |
| 2013 | 8 | 1.19% | 4,422.14 | 233.88 |
| 2013 | 9 | 2.12% | 4,515.78 | 234.15 |
| 2013 | 10 | 3.86% | 4,690.09 | 233.55 |
| 2013 | 11 | 1.52% | 4,761.46 | 233.07 |
| 2013 | 12 | 0.97% | 4,807.54 | 233.05 |
| 2014 | 1 | -0.13% | 4,801.29 | 233.92 |
| 2014 | 2 | 2.72% | 4,931.99 | 234.78 |
| 2014 | 3 | 0.20% | 4,941.94 | 236.29 |
| 2014 | 4 | 1.53% | 5,017.65 | 237.07 |
| 2014 | 5 | 3.20% | 5,178.03 | 237.90 |
| 2014 | 6 | 1.50% | 5,255.49 | 238.34 |
| 2014 | 7 | -0.43% | 5,233.05 | 238.25 |
| 2014 | 8 | 1.78% | 5,326.09 | 237.85 |
| 2014 | 9 | -2.65% | 5,185.14 | 238.03 |
| 2014 | 10 | 5.71% | 5,480.98 | 237.43 |
| 2014 | 11 | 0.63% | 5,515.72 | 236.15 |
| 2014 | 12 | -1.11% | 5,454.50 | 234.81 |
| 2015 | 1 | 2.83% | 5,608.72 | 233.71 |
| 2015 | 2 | 0.06% | 5,611.82 | 234.72 |
| 2015 | 3 | 0.88% | 5,661.12 | 236.12 |
| 2015 | 4 | 0.98% | 5,716.53 | 236.60 |
| 2015 | 5 | -0.44% | 5,691.64 | 237.81 |
| 2015 | 6 | -0.08% | 5,687.11 | 238.64 |
| 2015 | 7 | -2.42% | 5,549.23 | 238.65 |
| 2015 | 8 | -4.51% | 5,299.12 | 238.32 |
| 2015 | 9 | 4.32% | 5,527.89 | 237.95 |
| 2015 | 10 | 2.93% | 5,689.99 | 237.84 |
| 2015 | 11 | -1.10% | 5,627.23 | 237.34 |
| 2015 | 12 | -6.42% | 5,265.99 | 236.53 |
| 2016 | 1 | -0.55% | 5,237.03 | 236.92 |
| 2016 | 2 | 6.36% | 5,570.25 | 237.11 |
| 2016 | 3 | 2.83% | 5,727.95 | 238.13 |
| 2016 | 4 | -0.30% | 5,710.52 | 239.26 |
| 2016 | 5 | 1.07% | 5,771.42 | 240.23 |
| 2016 | 6 | 3.30% | 5,961.73 | 241.02 |
| 2016 | 7 | 1.20% | 6,033.23 | 240.63 |
| 2016 | 8 | -0.44% | 6,006.76 | 240.85 |
| 2016 | 9 | -0.51% | 5,976.37 | 241.43 |
| 2016 | 10 | 1.20% | 6,048.15 | 241.73 |
| 2016 | 11 | 3.95% | 6,286.81 | 241.35 |
| 2016 | 12 | 1.44% | 6,377.19 | 241.43 |
| 2017 | 1 | 2.58% | 6,541.50 | 242.84 |
| 2017 | 2 | 1.75% | 6,655.93 | 243.60 |
| 2017 | 3 | -0.15% | 6,645.68 | 243.80 |
| 2017 | 4 | 1.69% | 6,758.15 | 244.52 |
| 2017 | 5 | 1.78% | 6,878.20 | 244.73 |
| 2017 | 6 | 0.99% | 6,946.15 | 244.96 |
| 2017 | 7 | 0.25% | 6,963.36 | 244.79 |
| 2017 | 8 | 1.65% | 7,078.48 | 245.52 |
| 2017 | 9 | 2.73% | 7,272.07 | 246.82 |
| 2017 | 10 | 1.59% | 7,387.66 | 246.66 |
| 2017 | 11 | 2.88% | 7,600.68 | 246.67 |
| 2017 | 12 | 4.86% | 7,970.22 | 246.52 |
| 2018 | 1 | -2.89% | 7,740.14 | 247.87 |
| 2018 | 2 | 0.06% | 7,745.14 | 248.99 |
| 2018 | 3 | -1.66% | 7,616.27 | 249.55 |
| 2018 | 4 | 1.96% | 7,765.67 | 250.55 |
| 2018 | 5 | 2.11% | 7,929.75 | 251.59 |
| 2018 | 6 | 1.58% | 8,055.10 | 251.99 |
| 2018 | 7 | 2.45% | 8,252.52 | 252.01 |
| 2018 | 8 | 1.68% | 8,391.14 | 252.15 |
| 2018 | 9 | -3.85% | 8,068.17 | 252.44 |
| 2018 | 10 | -2.08% | 7,900.66 | 252.89 |
| 2018 | 11 | -5.56% | 7,461.19 | 252.04 |
| 2018 | 12 | 1.74% | 7,590.69 | 251.23 |
| 2019 | 1 | 5.83% | 8,033.14 | 251.71 |
| 2019 | 2 | 1.95% | 8,189.63 | 252.78 |
| 2019 | 3 | 3.72% | 8,494.55 | 254.20 |
| 2019 | 4 | -1.53% | 8,364.43 | 255.55 |
| 2019 | 5 | 1.40% | 8,481.93 | 256.09 |
| 2019 | 6 | 3.83% | 8,806.56 | 256.14 |
| 2019 | 7 | -3.13% | 8,530.52 | 256.57 |
| 2019 | 8 | 3.09% | 8,793.71 | 256.56 |
| 2019 | 9 | 0.01% | 8,794.57 | 256.76 |
| 2019 | 10 | 4.43% | 9,184.50 | 257.35 |
| 2019 | 11 | 2.47% | 9,411.29 | 257.21 |
| 2019 | 12 | 3.35% | 9,726.23 | 256.97 |
| 2020 | 1 | 0.12% | 9,738.10 | 257.97 |
| 2020 | 2 | -18.92% | 7,895.88 | 258.68 |
| 2020 | 3 | 4.32% | 8,236.87 | 258.12 |
| 2020 | 4 | 5.89% | 8,721.81 | 256.39 |
| 2020 | 5 | 6.51% | 9,289.44 | 256.39 |
| 2020 | 6 | 3.48% | 9,612.39 | 257.80 |
| 2020 | 7 | 5.89% | 10,178.89 | 259.10 |
| 2020 | 8 | -0.63% | 10,115.07 | 259.92 |
| 2020 | 9 | 1.73% | 10,289.66 | 260.28 |
| 2020 | 10 | 3.95% | 10,696.52 | 260.39 |
| 2020 | 11 | 4.26% | 11,152.20 | 260.23 |
| 2020 | 12 | 2.80% | 11,463.94 | 260.47 |
| 2021 | 1 | 2.49% | 11,749.57 | 261.58 |
| 2021 | 2 | 0.82% | 11,846.07 | 263.01 |
| 2021 | 3 | 6.02% | 12,559.38 | 264.88 |
| 2021 | 4 | 0.76% | 12,654.86 | 267.05 |
| 2021 | 5 | 1.81% | 12,883.97 | 269.20 |
| 2021 | 6 | 3.07% | 13,279.27 | 271.70 |
| 2021 | 7 | 2.19% | 13,569.45 | 273.00 |
| 2021 | 8 | -0.08% | 13,557.98 | 273.57 |
| 2021 | 9 | 0.45% | 13,619.29 | 274.31 |
| 2021 | 10 | 4.74% | 14,265.49 | 276.59 |
| 2021 | 11 | 0.27% | 14,303.35 | 277.95 |
| 2021 | 12 | -2.05% | 14,009.85 | 278.80 |
| 2022 | 1 | -2.90% | 13,603.21 | 281.15 |
| 2022 | 2 | -0.89% | 13,481.79 | 283.72 |
| 2022 | 3 | 0.12% | 13,497.74 | 287.50 |
| 2022 | 4 | -7.87% | 12,435.09 | 289.11 |
| 2022 | 5 | -3.37% | 12,016.11 | 292.30 |
| 2022 | 6 | 0.46% | 12,071.95 | 296.31 |
| 2022 | 7 | 6.45% | 12,850.27 | 296.28 |
| 2022 | 8 | -7.28% | 11,915.11 | 296.17 |
| 2022 | 9 | -3.09% | 11,546.79 | 296.81 |
| 2022 | 10 | 5.29% | 12,157.05 | 298.01 |
| 2022 | 11 | 0.01% | 12,158.36 | 297.71 |
| 2022 | 12 | 1.38% | 12,325.72 | 296.80 |
| 2023 | 1 | 3.15% | 12,713.61 | 299.17 |
| 2023 | 2 | -2.59% | 12,384.91 | 300.84 |
| 2023 | 3 | 4.00% | 12,879.83 | 301.84 |
| 2023 | 4 | 0.74% | 12,974.85 | 303.36 |
| 2023 | 5 | 4.94% | 13,616.09 | 304.13 |
| 2023 | 6 | 3.88% | 14,143.85 | 305.11 |
| 2023 | 7 | -1.00% | 14,002.75 | 305.69 |
| 2023 | 8 | -0.95% | 13,869.22 | 307.03 |
| 2023 | 9 | -3.04% | 13,447.97 | 307.79 |
| 2023 | 10 | 4.60% | 14,066.81 | 307.67 |
| 2023 | 11 | 5.18% | 14,794.80 | 307.05 |
| 2023 | 12 | 2.91% | 15,225.60 | 306.75 |
| 2024 | 1 | 4.20% | 15,864.97 | 308.42 |
| 2024 | 2 | 3.28% | 16,385.67 | 310.33 |
| 2024 | 3 | -1.01% | 16,220.32 | 312.33 |
| 2024 | 4 | 2.52% | 16,628.54 | 313.55 |
| 2024 | 5 | 3.55% | 17,218.95 | 314.07 |
| 2024 | 6 | 2.38% | 17,628.70 | 314.18 |
| 2024 | 7 | -0.97% | 17,457.60 | 314.54 |
| 2024 | 8 | 2.72% | 17,932.81 | 314.80 |
| 2024 | 9 | 3.15% | 18,498.03 | 315.30 |
| 2024 | 10 | 4.40% | 19,311.85 | 315.66 |
Click to show 534 more rows
Remember, returns are based on the average closing price across the entire month. Some losses are offset by dividend returns.
Dollar-cost averaging
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 1979. This would result in a final amount of $16,653.51, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $19,311.85).
| Year | Month | Contribution ($) | Amount ($) |
|---|---|---|---|
| 1979 | 1 | 4.16 | 4.10 |
| 1979 | 2 | 4.16 | 8.43 |
| 1979 | 3 | 4.16 | 12.88 |
| 1979 | 4 | 4.16 | 16.70 |
| 1979 | 5 | 4.16 | 21.35 |
| 1979 | 6 | 4.16 | 25.85 |
| 1979 | 7 | 4.16 | 31.50 |
| 1979 | 8 | 4.16 | 36.19 |
| 1979 | 9 | 4.16 | 38.98 |
| 1979 | 10 | 4.16 | 42.98 |
| 1979 | 11 | 4.16 | 49.20 |
| 1979 | 12 | 4.16 | 55.11 |
| 1980 | 1 | 4.16 | 61.86 |
| 1980 | 2 | 4.16 | 60.20 |
| 1980 | 3 | 4.16 | 63.60 |
| 1980 | 4 | 4.16 | 71.15 |
| 1980 | 5 | 4.16 | 80.46 |
| 1980 | 6 | 4.16 | 88.81 |
| 1980 | 7 | 4.16 | 96.21 |
| 1980 | 8 | 4.16 | 103.20 |
| 1980 | 9 | 4.16 | 110.91 |
| 1980 | 10 | 4.16 | 120.36 |
| 1980 | 11 | 4.16 | 122.96 |
| 1980 | 12 | 4.32 | 127.27 |
| 1981 | 1 | - | 123.37 |
| 1981 | 2 | - | 128.48 |
| 1981 | 3 | - | 130.14 |
| 1981 | 4 | - | 128.03 |
| 1981 | 5 | - | 129.13 |
| 1981 | 6 | - | 126.53 |
| 1981 | 7 | - | 127.54 |
| 1981 | 8 | - | 116.95 |
| 1981 | 9 | - | 118.97 |
| 1981 | 10 | - | 122.60 |
| 1981 | 11 | - | 124.04 |
| 1981 | 12 | - | 118.08 |
| 1982 | 1 | - | 115.82 |
| 1982 | 2 | - | 112.64 |
| 1982 | 3 | - | 118.80 |
| 1982 | 4 | - | 119.48 |
| 1982 | 5 | - | 113.18 |
| 1982 | 6 | - | 113.46 |
| 1982 | 7 | - | 114.36 |
| 1982 | 8 | - | 128.19 |
| 1982 | 9 | - | 139.58 |
| 1982 | 10 | - | 145.86 |
| 1982 | 11 | - | 147.84 |
| 1982 | 12 | - | 153.64 |
| 1983 | 1 | - | 156.91 |
| 1983 | 2 | - | 162.98 |
| 1983 | 3 | - | 169.82 |
| 1983 | 4 | - | 177.33 |
| 1983 | 5 | - | 180.44 |
| 1983 | 6 | - | 181.72 |
| 1983 | 7 | - | 177.35 |
| 1983 | 8 | - | 183.22 |
| 1983 | 9 | - | 184.41 |
| 1983 | 10 | - | 182.31 |
| 1983 | 11 | - | 182.07 |
| 1983 | 12 | - | 184.94 |
| 1984 | 1 | - | 175.49 |
| 1984 | 2 | - | 176.26 |
| 1984 | 3 | - | 177.16 |
| 1984 | 4 | - | 176.71 |
| 1984 | 5 | - | 173.44 |
| 1984 | 6 | - | 171.87 |
| 1984 | 7 | - | 187.69 |
| 1984 | 8 | - | 190.33 |
| 1984 | 9 | - | 189.55 |
| 1984 | 10 | - | 191.98 |
| 1984 | 11 | - | 190.63 |
| 1984 | 12 | - | 199.58 |
| 1985 | 1 | - | 211.13 |
| 1985 | 2 | - | 210.12 |
| 1985 | 3 | - | 212.27 |
| 1985 | 4 | - | 218.08 |
| 1985 | 5 | - | 223.56 |
| 1985 | 6 | - | 228.58 |
| 1985 | 7 | - | 224.36 |
| 1985 | 8 | - | 220.13 |
| 1985 | 9 | - | 223.43 |
| 1985 | 10 | - | 237.77 |
| 1985 | 11 | - | 250.36 |
| 1985 | 12 | - | 252.24 |
| 1986 | 1 | - | 266.61 |
| 1986 | 2 | - | 283.10 |
| 1986 | 3 | - | 290.86 |
| 1986 | 4 | - | 292.29 |
| 1986 | 5 | - | 301.45 |
| 1986 | 6 | - | 296.01 |
| 1986 | 7 | - | 302.76 |
| 1986 | 8 | - | 295.32 |
| 1986 | 9 | - | 295.06 |
| 1986 | 10 | - | 305.48 |
| 1986 | 11 | - | 310.70 |
| 1986 | 12 | - | 331.44 |
| 1987 | 1 | - | 352.86 |
| 1987 | 2 | - | 368.30 |
| 1987 | 3 | - | 365.14 |
| 1987 | 4 | - | 365.77 |
| 1987 | 5 | - | 382.23 |
| 1987 | 6 | - | 394.16 |
| 1987 | 7 | - | 419.60 |
| 1987 | 8 | - | 406.89 |
| 1987 | 9 | - | 358.65 |
| 1987 | 10 | - | 314.53 |
| 1987 | 11 | - | 310.33 |
| 1987 | 12 | - | 323.51 |
| 1988 | 1 | - | 334.28 |
| 1988 | 2 | - | 345.08 |
| 1988 | 3 | - | 342.02 |
| 1988 | 4 | - | 334.54 |
| 1988 | 5 | - | 354.60 |
| 1988 | 6 | - | 353.52 |
| 1988 | 7 | - | 347.44 |
| 1988 | 8 | - | 354.14 |
| 1988 | 9 | - | 367.60 |
| 1988 | 10 | - | 360.17 |
| 1988 | 11 | - | 368.55 |
| 1988 | 12 | - | 381.50 |
| 1989 | 1 | - | 394.09 |
| 1989 | 2 | - | 393.45 |
| 1989 | 3 | - | 407.47 |
| 1989 | 4 | - | 424.24 |
| 1989 | 5 | - | 438.64 |
| 1989 | 6 | - | 450.92 |
| 1989 | 7 | - | 472.07 |
| 1989 | 8 | - | 474.22 |
| 1989 | 9 | - | 475.58 |
| 1989 | 10 | - | 466.95 |
| 1989 | 11 | - | 479.73 |
| 1989 | 12 | - | 469.12 |
| 1990 | 1 | - | 457.27 |
| 1990 | 2 | - | 469.65 |
| 1990 | 3 | - | 470.57 |
| 1990 | 4 | - | 488.69 |
| 1990 | 5 | - | 504.18 |
| 1990 | 6 | - | 505.04 |
| 1990 | 7 | - | 465.33 |
| 1990 | 8 | - | 445.13 |
| 1990 | 9 | - | 434.83 |
| 1990 | 10 | - | 447.80 |
| 1990 | 11 | - | 468.34 |
| 1990 | 12 | - | 465.13 |
| 1991 | 1 | - | 519.12 |
| 1991 | 2 | - | 534.92 |
| 1991 | 3 | - | 547.00 |
| 1991 | 4 | - | 546.03 |
| 1991 | 5 | - | 547.92 |
| 1991 | 6 | - | 552.20 |
| 1991 | 7 | - | 566.99 |
| 1991 | 8 | - | 565.27 |
| 1991 | 9 | - | 566.30 |
| 1991 | 10 | - | 566.39 |
| 1991 | 11 | - | 571.68 |
| 1991 | 12 | - | 613.75 |
| 1992 | 1 | - | 610.06 |
| 1992 | 2 | - | 603.89 |
| 1992 | 3 | - | 605.48 |
| 1992 | 4 | - | 618.00 |
| 1992 | 5 | - | 609.79 |
| 1992 | 6 | - | 621.45 |
| 1992 | 7 | - | 627.30 |
| 1992 | 8 | - | 629.68 |
| 1992 | 9 | - | 622.23 |
| 1992 | 10 | - | 639.39 |
| 1992 | 11 | - | 660.30 |
| 1992 | 12 | - | 661.25 |
| 1993 | 1 | - | 672.65 |
| 1993 | 2 | - | 687.11 |
| 1993 | 3 | - | 677.89 |
| 1993 | 4 | - | 682.80 |
| 1993 | 5 | - | 688.71 |
| 1993 | 6 | - | 689.13 |
| 1993 | 7 | - | 701.28 |
| 1993 | 8 | - | 710.78 |
| 1993 | 9 | - | 719.61 |
| 1993 | 10 | - | 719.66 |
| 1993 | 11 | - | 726.05 |
| 1993 | 12 | - | 738.65 |
| 1994 | 1 | - | 738.09 |
| 1994 | 2 | - | 727.58 |
| 1994 | 3 | - | 703.23 |
| 1994 | 4 | - | 710.68 |
| 1994 | 5 | - | 718.55 |
| 1994 | 6 | - | 714.82 |
| 1994 | 7 | - | 736.85 |
| 1994 | 8 | - | 742.88 |
| 1994 | 9 | - | 739.58 |
| 1994 | 10 | - | 736.84 |
| 1994 | 11 | - | 729.28 |
| 1994 | 12 | - | 747.16 |
| 1995 | 1 | - | 775.70 |
| 1995 | 2 | - | 795.54 |
| 1995 | 3 | - | 821.12 |
| 1995 | 4 | - | 848.61 |
| 1995 | 5 | - | 875.58 |
| 1995 | 6 | - | 906.64 |
| 1995 | 7 | - | 911.29 |
| 1995 | 8 | - | 945.17 |
| 1995 | 9 | - | 953.80 |
| 1995 | 10 | - | 976.29 |
| 1995 | 11 | - | 1,009.38 |
| 1995 | 12 | - | 1,011.02 |
| 1996 | 1 | - | 1,070.72 |
| 1996 | 2 | - | 1,068.57 |
| 1996 | 3 | - | 1,070.67 |
| 1996 | 4 | - | 1,095.89 |
| 1996 | 5 | - | 1,109.90 |
| 1996 | 6 | - | 1,071.31 |
| 1996 | 7 | - | 1,104.26 |
| 1996 | 8 | - | 1,126.61 |
| 1996 | 9 | - | 1,173.02 |
| 1996 | 10 | - | 1,232.28 |
| 1996 | 11 | - | 1,247.05 |
| 1996 | 12 | - | 1,287.67 |
| 1997 | 1 | - | 1,343.83 |
| 1997 | 2 | - | 1,335.45 |
| 1997 | 3 | - | 1,289.97 |
| 1997 | 4 | - | 1,408.88 |
| 1997 | 5 | - | 1,484.07 |
| 1997 | 6 | - | 1,569.19 |
| 1997 | 7 | - | 1,574.65 |
| 1997 | 8 | - | 1,593.42 |
| 1997 | 9 | - | 1,619.64 |
| 1997 | 10 | - | 1,600.98 |
| 1997 | 11 | - | 1,643.16 |
| 1997 | 12 | - | 1,647.06 |
| 1998 | 1 | - | 1,752.50 |
| 1998 | 2 | - | 1,845.61 |
| 1998 | 3 | - | 1,908.47 |
| 1998 | 4 | - | 1,904.23 |
| 1998 | 5 | - | 1,906.45 |
| 1998 | 6 | - | 1,991.62 |
| 1998 | 7 | - | 1,852.79 |
| 1998 | 8 | - | 1,762.03 |
| 1998 | 9 | - | 1,784.78 |
| 1998 | 10 | - | 1,980.64 |
| 1998 | 11 | - | 2,061.93 |
| 1998 | 12 | - | 2,166.01 |
| 1999 | 1 | - | 2,164.57 |
| 1999 | 2 | - | 2,227.85 |
| 1999 | 3 | - | 2,322.53 |
| 1999 | 4 | - | 2,320.24 |
| 1999 | 5 | - | 2,306.04 |
| 1999 | 6 | - | 2,410.33 |
| 1999 | 7 | - | 2,319.35 |
| 1999 | 8 | - | 2,305.48 |
| 1999 | 9 | - | 2,276.15 |
| 1999 | 10 | - | 2,437.89 |
| 1999 | 11 | - | 2,506.36 |
| 1999 | 12 | - | 2,503.38 |
| 2000 | 1 | - | 2,441.35 |
| 2000 | 2 | - | 2,537.56 |
| 2000 | 3 | - | 2,573.71 |
| 2000 | 4 | - | 2,500.65 |
| 2000 | 5 | - | 2,579.76 |
| 2000 | 6 | - | 2,601.69 |
| 2000 | 7 | - | 2,626.14 |
| 2000 | 8 | - | 2,597.79 |
| 2000 | 9 | - | 2,462.33 |
| 2000 | 10 | - | 2,443.31 |
| 2000 | 11 | - | 2,362.19 |
| 2000 | 12 | - | 2,372.94 |
| 2001 | 1 | - | 2,322.25 |
| 2001 | 2 | - | 2,111.39 |
| 2001 | 3 | - | 2,120.86 |
| 2001 | 4 | - | 2,266.76 |
| 2001 | 5 | - | 2,212.62 |
| 2001 | 6 | - | 2,153.76 |
| 2001 | 7 | - | 2,109.70 |
| 2001 | 8 | - | 1,872.41 |
| 2001 | 9 | - | 1,932.03 |
| 2001 | 10 | - | 2,029.66 |
| 2001 | 11 | - | 2,059.41 |
| 2001 | 12 | - | 2,053.28 |
| 2002 | 1 | - | 1,984.44 |
| 2002 | 2 | - | 2,082.58 |
| 2002 | 3 | - | 2,009.39 |
| 2002 | 4 | - | 1,952.71 |
| 2002 | 5 | - | 1,837.09 |
| 2002 | 6 | - | 1,639.45 |
| 2002 | 7 | - | 1,658.12 |
| 2002 | 8 | - | 1,579.23 |
| 2002 | 9 | - | 1,557.64 |
| 2002 | 10 | - | 1,660.85 |
| 2002 | 11 | - | 1,643.65 |
| 2002 | 12 | - | 1,640.00 |
| 2003 | 1 | - | 1,534.79 |
| 2003 | 2 | - | 1,554.87 |
| 2003 | 3 | - | 1,637.06 |
| 2003 | 4 | - | 1,724.02 |
| 2003 | 5 | - | 1,822.36 |
| 2003 | 6 | - | 1,833.22 |
| 2003 | 7 | - | 1,830.17 |
| 2003 | 8 | - | 1,888.03 |
| 2003 | 9 | - | 1,926.31 |
| 2003 | 10 | - | 1,949.63 |
| 2003 | 11 | - | 2,009.37 |
| 2003 | 12 | - | 2,108.53 |
| 2004 | 1 | - | 2,131.44 |
| 2004 | 2 | - | 2,098.08 |
| 2004 | 3 | - | 2,118.39 |
| 2004 | 4 | - | 2,064.07 |
| 2004 | 5 | - | 2,123.05 |
| 2004 | 6 | - | 2,075.52 |
| 2004 | 7 | - | 2,046.72 |
| 2004 | 8 | - | 2,103.68 |
| 2004 | 9 | - | 2,105.83 |
| 2004 | 10 | - | 2,206.37 |
| 2004 | 11 | - | 2,266.54 |
| 2004 | 12 | - | 2,235.96 |
| 2005 | 1 | - | 2,273.55 |
| 2005 | 2 | - | 2,267.74 |
| 2005 | 3 | - | 2,213.11 |
| 2005 | 4 | - | 2,242.68 |
| 2005 | 5 | - | 2,291.58 |
| 2005 | 6 | - | 2,333.01 |
| 2005 | 7 | - | 2,340.24 |
| 2005 | 8 | - | 2,346.79 |
| 2005 | 9 | - | 2,285.20 |
| 2005 | 10 | - | 2,375.73 |
| 2005 | 11 | - | 2,426.67 |
| 2005 | 12 | - | 2,462.27 |
| 2006 | 1 | - | 2,461.86 |
| 2006 | 2 | - | 2,498.44 |
| 2006 | 3 | - | 2,518.39 |
| 2006 | 4 | - | 2,498.58 |
| 2006 | 5 | - | 2,430.97 |
| 2006 | 6 | - | 2,448.48 |
| 2006 | 7 | - | 2,504.59 |
| 2006 | 8 | - | 2,567.99 |
| 2006 | 9 | - | 2,660.84 |
| 2006 | 10 | - | 2,714.10 |
| 2006 | 11 | - | 2,772.41 |
| 2006 | 12 | - | 2,791.62 |
| 2007 | 1 | - | 2,836.17 |
| 2007 | 2 | - | 2,766.01 |
| 2007 | 3 | - | 2,881.63 |
| 2007 | 4 | - | 2,979.37 |
| 2007 | 5 | - | 2,989.65 |
| 2007 | 6 | - | 3,006.83 |
| 2007 | 7 | - | 2,880.51 |
| 2007 | 8 | - | 2,969.08 |
| 2007 | 9 | - | 3,057.90 |
| 2007 | 10 | - | 2,910.93 |
| 2007 | 11 | - | 2,946.97 |
| 2007 | 12 | - | 2,751.43 |
| 2008 | 1 | - | 2,708.40 |
| 2008 | 2 | - | 2,637.26 |
| 2008 | 3 | - | 2,749.18 |
| 2008 | 4 | - | 2,819.63 |
| 2008 | 5 | - | 2,699.89 |
| 2008 | 6 | - | 2,535.78 |
| 2008 | 7 | - | 2,589.30 |
| 2008 | 8 | - | 2,463.78 |
| 2008 | 9 | - | 1,966.26 |
| 2008 | 10 | - | 1,797.05 |
| 2008 | 11 | - | 1,790.74 |
| 2008 | 12 | - | 1,771.12 |
| 2009 | 1 | - | 1,652.41 |
| 2009 | 2 | - | 1,558.43 |
| 2009 | 3 | - | 1,750.46 |
| 2009 | 4 | - | 1,867.04 |
| 2009 | 5 | - | 1,920.60 |
| 2009 | 6 | - | 1,945.14 |
| 2009 | 7 | - | 2,103.10 |
| 2009 | 8 | - | 2,179.87 |
| 2009 | 9 | - | 2,232.25 |
| 2009 | 10 | - | 2,279.00 |
| 2009 | 11 | - | 2,329.73 |
| 2009 | 12 | - | 2,361.35 |
| 2010 | 1 | - | 2,292.90 |
| 2010 | 2 | - | 2,429.17 |
| 2010 | 3 | - | 2,528.47 |
| 2010 | 4 | - | 2,379.74 |
| 2010 | 5 | - | 2,295.41 |
| 2010 | 6 | - | 2,291.76 |
| 2010 | 7 | - | 2,311.55 |
| 2010 | 8 | - | 2,389.48 |
| 2010 | 9 | - | 2,498.85 |
| 2010 | 10 | - | 2,561.10 |
| 2010 | 11 | - | 2,656.21 |
| 2010 | 12 | - | 2,748.17 |
| 2011 | 1 | - | 2,834.77 |
| 2011 | 2 | - | 2,803.23 |
| 2011 | 3 | - | 2,865.49 |
| 2011 | 4 | - | 2,884.38 |
| 2011 | 5 | - | 2,778.74 |
| 2011 | 6 | - | 2,864.93 |
| 2011 | 7 | - | 2,566.95 |
| 2011 | 8 | - | 2,546.70 |
| 2011 | 9 | - | 2,623.58 |
| 2011 | 10 | - | 2,669.94 |
| 2011 | 11 | - | 2,711.45 |
| 2011 | 12 | - | 2,841.13 |
| 2012 | 1 | - | 2,959.39 |
| 2012 | 2 | - | 3,044.74 |
| 2012 | 3 | - | 3,043.57 |
| 2012 | 4 | - | 2,949.50 |
| 2012 | 5 | - | 2,915.51 |
| 2012 | 6 | - | 3,000.67 |
| 2012 | 7 | - | 3,102.33 |
| 2012 | 8 | - | 3,196.05 |
| 2012 | 9 | - | 3,189.11 |
| 2012 | 10 | - | 3,098.62 |
| 2012 | 11 | - | 3,166.03 |
| 2012 | 12 | - | 3,301.18 |
| 2013 | 1 | - | 3,378.20 |
| 2013 | 2 | - | 3,470.17 |
| 2013 | 3 | - | 3,520.62 |
| 2013 | 4 | - | 3,681.66 |
| 2013 | 5 | - | 3,640.51 |
| 2013 | 6 | - | 3,758.99 |
| 2013 | 7 | - | 3,768.48 |
| 2013 | 8 | - | 3,813.42 |
| 2013 | 9 | - | 3,894.17 |
| 2013 | 10 | - | 4,044.48 |
| 2013 | 11 | - | 4,106.03 |
| 2013 | 12 | - | 4,145.77 |
| 2014 | 1 | - | 4,140.38 |
| 2014 | 2 | - | 4,253.09 |
| 2014 | 3 | - | 4,261.67 |
| 2014 | 4 | - | 4,326.96 |
| 2014 | 5 | - | 4,465.26 |
| 2014 | 6 | - | 4,532.05 |
| 2014 | 7 | - | 4,512.70 |
| 2014 | 8 | - | 4,592.94 |
| 2014 | 9 | - | 4,471.39 |
| 2014 | 10 | - | 4,726.51 |
| 2014 | 11 | - | 4,756.47 |
| 2014 | 12 | - | 4,703.67 |
| 2015 | 1 | - | 4,836.66 |
| 2015 | 2 | - | 4,839.34 |
| 2015 | 3 | - | 4,881.85 |
| 2015 | 4 | - | 4,929.64 |
| 2015 | 5 | - | 4,908.17 |
| 2015 | 6 | - | 4,904.26 |
| 2015 | 7 | - | 4,785.36 |
| 2015 | 8 | - | 4,569.68 |
| 2015 | 9 | - | 4,766.96 |
| 2015 | 10 | - | 4,906.75 |
| 2015 | 11 | - | 4,852.63 |
| 2015 | 12 | - | 4,541.11 |
| 2016 | 1 | - | 4,516.13 |
| 2016 | 2 | - | 4,803.48 |
| 2016 | 3 | - | 4,939.48 |
| 2016 | 4 | - | 4,924.45 |
| 2016 | 5 | - | 4,976.97 |
| 2016 | 6 | - | 5,141.08 |
| 2016 | 7 | - | 5,202.74 |
| 2016 | 8 | - | 5,179.91 |
| 2016 | 9 | - | 5,153.70 |
| 2016 | 10 | - | 5,215.61 |
| 2016 | 11 | - | 5,421.41 |
| 2016 | 12 | - | 5,499.35 |
| 2017 | 1 | - | 5,641.04 |
| 2017 | 2 | - | 5,739.72 |
| 2017 | 3 | - | 5,730.88 |
| 2017 | 4 | - | 5,827.87 |
| 2017 | 5 | - | 5,931.39 |
| 2017 | 6 | - | 5,989.99 |
| 2017 | 7 | - | 6,004.83 |
| 2017 | 8 | - | 6,104.11 |
| 2017 | 9 | - | 6,271.04 |
| 2017 | 10 | - | 6,370.73 |
| 2017 | 11 | - | 6,554.43 |
| 2017 | 12 | - | 6,873.09 |
| 2018 | 1 | - | 6,674.69 |
| 2018 | 2 | - | 6,679.00 |
| 2018 | 3 | - | 6,567.86 |
| 2018 | 4 | - | 6,696.70 |
| 2018 | 5 | - | 6,838.20 |
| 2018 | 6 | - | 6,946.29 |
| 2018 | 7 | - | 7,116.53 |
| 2018 | 8 | - | 7,236.07 |
| 2018 | 9 | - | 6,957.56 |
| 2018 | 10 | - | 6,813.11 |
| 2018 | 11 | - | 6,434.13 |
| 2018 | 12 | - | 6,545.80 |
| 2019 | 1 | - | 6,927.35 |
| 2019 | 2 | - | 7,062.30 |
| 2019 | 3 | - | 7,325.24 |
| 2019 | 4 | - | 7,213.04 |
| 2019 | 5 | - | 7,314.36 |
| 2019 | 6 | - | 7,594.31 |
| 2019 | 7 | - | 7,356.27 |
| 2019 | 8 | - | 7,583.23 |
| 2019 | 9 | - | 7,583.97 |
| 2019 | 10 | - | 7,920.22 |
| 2019 | 11 | - | 8,115.80 |
| 2019 | 12 | - | 8,387.38 |
| 2020 | 1 | - | 8,397.62 |
| 2020 | 2 | - | 6,808.99 |
| 2020 | 3 | - | 7,103.04 |
| 2020 | 4 | - | 7,521.22 |
| 2020 | 5 | - | 8,010.72 |
| 2020 | 6 | - | 8,289.21 |
| 2020 | 7 | - | 8,777.74 |
| 2020 | 8 | - | 8,722.70 |
| 2020 | 9 | - | 8,873.25 |
| 2020 | 10 | - | 9,224.11 |
| 2020 | 11 | - | 9,617.07 |
| 2020 | 12 | - | 9,885.89 |
| 2021 | 1 | - | 10,132.20 |
| 2021 | 2 | - | 10,215.42 |
| 2021 | 3 | - | 10,830.54 |
| 2021 | 4 | - | 10,912.88 |
| 2021 | 5 | - | 11,110.45 |
| 2021 | 6 | - | 11,451.34 |
| 2021 | 7 | - | 11,701.57 |
| 2021 | 8 | - | 11,691.68 |
| 2021 | 9 | - | 11,744.55 |
| 2021 | 10 | - | 12,301.80 |
| 2021 | 11 | - | 12,334.45 |
| 2021 | 12 | - | 12,081.35 |
| 2022 | 1 | - | 11,730.68 |
| 2022 | 2 | - | 11,625.98 |
| 2022 | 3 | - | 11,639.73 |
| 2022 | 4 | - | 10,723.37 |
| 2022 | 5 | - | 10,362.05 |
| 2022 | 6 | - | 10,410.21 |
| 2022 | 7 | - | 11,081.39 |
| 2022 | 8 | - | 10,274.95 |
| 2022 | 9 | - | 9,957.34 |
| 2022 | 10 | - | 10,483.59 |
| 2022 | 11 | - | 10,484.73 |
| 2022 | 12 | - | 10,629.05 |
| 2023 | 1 | - | 10,963.54 |
| 2023 | 2 | - | 10,680.08 |
| 2023 | 3 | - | 11,106.88 |
| 2023 | 4 | - | 11,188.82 |
| 2023 | 5 | - | 11,741.79 |
| 2023 | 6 | - | 12,196.91 |
| 2023 | 7 | - | 12,075.23 |
| 2023 | 8 | - | 11,960.08 |
| 2023 | 9 | - | 11,596.82 |
| 2023 | 10 | - | 12,130.47 |
| 2023 | 11 | - | 12,758.25 |
| 2023 | 12 | - | 13,129.75 |
| 2024 | 1 | - | 13,681.10 |
| 2024 | 2 | - | 14,130.13 |
| 2024 | 3 | - | 13,987.54 |
| 2024 | 4 | - | 14,339.57 |
| 2024 | 5 | - | 14,848.71 |
| 2024 | 6 | - | 15,202.06 |
| 2024 | 7 | - | 15,054.50 |
| 2024 | 8 | - | 15,464.31 |
| 2024 | 9 | - | 15,951.72 |
| 2024 | 10 | - | 16,653.51 |
Click to show 534 more rows
Data Sources
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.
About the author
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 | $99.71 |
| End Value Average monthly close | $6,047.15 |
| Change in price | +5,964.74% +9.55% / yr |
| Change incl. dividends | +19,211.85% +12.17% / yr |
| Change incl. dividends, inflation-adjusted | +4,372.00% +8.65% / yr |
| Final amount, nominal ($100 base) | $19,311.85 |
| Final amount, inflation-adjusted ($100 base) | $4,472.00 |