Stock market returns between 1982 and 2023
If you invested $10000 in the S&P 500 at the beginning of 1982, you would have about $1,111,911.18 at the end of 2023, assuming you reinvested all dividends. This is a return on investment of 11,019.11%, or 11.87% per year.
This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 3,421.45% cumulatively, or 8.85% per year.
If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $908,821.14.
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:
Adjusting stock market return for inflation
The nominal return on investment of $10000 is $1,101,911.18, or 11,019.11%. This means by 2023 you would have $1,111,911.18 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 1982 was 96.500 and the CPI in 2023 was 304.702.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 41 years.
Adjusted for inflation, the $1,111,911.18 nominal end value of the original $10000 investment would have a real return of roughly $342,145.28 in 1982 dollars. This means the inflation-adjusted return is 3,421.45% as opposed to the original 11,019.11%.
For more information on inflation, see our U.S. inflation calculator for 1982.
Full monthly data
The table below shows the full dataset pertaining to a $10000 investment, including gains and losses over the 504-month period between 1982 and 2023.
Note that data shown is the monthly average closing price. Returns include dividends.
| Year | Month | Return (%) | Amount ($) | CPI |
|---|---|---|---|---|
| 1982 | 1 | -1.91% | 9,808.61 | 94.30 |
| 1982 | 2 | -2.74% | 9,539.41 | 94.60 |
| 1982 | 3 | 5.47% | 10,061.15 | 94.50 |
| 1982 | 4 | 0.57% | 10,118.46 | 94.90 |
| 1982 | 5 | -5.27% | 9,585.16 | 95.80 |
| 1982 | 6 | 0.24% | 9,608.53 | 97.00 |
| 1982 | 7 | 0.79% | 9,684.82 | 97.50 |
| 1982 | 8 | 12.10% | 10,856.33 | 97.70 |
| 1982 | 9 | 8.88% | 11,820.53 | 97.90 |
| 1982 | 10 | 4.50% | 12,352.44 | 98.20 |
| 1982 | 11 | 1.36% | 12,519.88 | 98.00 |
| 1982 | 12 | 3.93% | 13,011.38 | 97.60 |
| 1983 | 1 | 2.13% | 13,288.52 | 97.80 |
| 1983 | 2 | 3.87% | 13,802.20 | 97.90 |
| 1983 | 3 | 4.20% | 14,381.54 | 97.90 |
| 1983 | 4 | 4.42% | 15,017.78 | 98.60 |
| 1983 | 5 | 1.75% | 15,281.11 | 99.20 |
| 1983 | 6 | 0.71% | 15,389.32 | 99.50 |
| 1983 | 7 | -2.41% | 15,018.87 | 99.90 |
| 1983 | 8 | 3.31% | 15,516.58 | 100.20 |
| 1983 | 9 | 0.65% | 15,617.11 | 100.70 |
| 1983 | 10 | -1.14% | 15,438.85 | 101.00 |
| 1983 | 11 | -0.13% | 15,419.07 | 101.20 |
| 1983 | 12 | 1.58% | 15,662.07 | 101.30 |
| 1984 | 1 | -5.11% | 14,861.39 | 101.90 |
| 1984 | 2 | 0.44% | 14,927.13 | 102.40 |
| 1984 | 3 | 0.51% | 15,002.85 | 102.60 |
| 1984 | 4 | -0.25% | 14,964.95 | 103.10 |
| 1984 | 5 | -1.85% | 14,688.35 | 103.40 |
| 1984 | 6 | -0.91% | 14,554.92 | 103.70 |
| 1984 | 7 | 9.21% | 15,894.93 | 104.10 |
| 1984 | 8 | 1.41% | 16,118.56 | 104.50 |
| 1984 | 9 | -0.41% | 16,052.09 | 105.00 |
| 1984 | 10 | 1.29% | 16,258.50 | 105.30 |
| 1984 | 11 | -0.71% | 16,143.46 | 105.30 |
| 1984 | 12 | 4.70% | 16,901.81 | 105.30 |
| 1985 | 1 | 5.79% | 17,879.98 | 105.50 |
| 1985 | 2 | -0.48% | 17,794.46 | 106.00 |
| 1985 | 3 | 1.02% | 17,976.80 | 106.40 |
| 1985 | 4 | 2.74% | 18,468.58 | 106.90 |
| 1985 | 5 | 2.51% | 18,932.32 | 107.30 |
| 1985 | 6 | 2.25% | 19,357.77 | 107.60 |
| 1985 | 7 | -1.85% | 19,000.56 | 107.80 |
| 1985 | 8 | -1.88% | 18,642.40 | 108.00 |
| 1985 | 9 | 1.50% | 18,921.21 | 108.30 |
| 1985 | 10 | 6.42% | 20,136.05 | 108.70 |
| 1985 | 11 | 5.29% | 21,202.16 | 109.00 |
| 1985 | 12 | 0.75% | 21,361.54 | 109.30 |
| 1986 | 1 | 5.70% | 22,578.56 | 109.60 |
| 1986 | 2 | 6.18% | 23,974.54 | 109.30 |
| 1986 | 3 | 2.74% | 24,631.78 | 108.80 |
| 1986 | 4 | 0.49% | 24,752.93 | 108.60 |
| 1986 | 5 | 3.13% | 25,528.50 | 108.90 |
| 1986 | 6 | -1.80% | 25,067.99 | 109.50 |
| 1986 | 7 | 2.28% | 25,639.75 | 109.50 |
| 1986 | 8 | -2.46% | 25,009.98 | 109.70 |
| 1986 | 9 | -0.09% | 24,987.50 | 110.20 |
| 1986 | 10 | 3.53% | 25,870.30 | 110.30 |
| 1986 | 11 | 1.71% | 26,312.41 | 110.40 |
| 1986 | 12 | 6.67% | 28,068.33 | 110.50 |
| 1987 | 1 | 6.46% | 29,882.07 | 111.20 |
| 1987 | 2 | 4.38% | 31,189.83 | 111.60 |
| 1987 | 3 | -0.86% | 30,922.72 | 112.10 |
| 1987 | 4 | 0.17% | 30,976.16 | 112.70 |
| 1987 | 5 | 4.50% | 32,369.61 | 113.10 |
| 1987 | 6 | 3.12% | 33,380.22 | 113.50 |
| 1987 | 7 | 6.45% | 35,534.58 | 113.80 |
| 1987 | 8 | -3.03% | 34,457.73 | 114.40 |
| 1987 | 9 | -11.85% | 30,373.15 | 115.00 |
| 1987 | 10 | -12.30% | 26,636.22 | 115.30 |
| 1987 | 11 | -1.33% | 26,280.71 | 115.40 |
| 1987 | 12 | 4.25% | 27,396.73 | 115.40 |
| 1988 | 1 | 3.33% | 28,308.65 | 115.70 |
| 1988 | 2 | 3.23% | 29,223.60 | 116.00 |
| 1988 | 3 | -0.89% | 28,964.67 | 116.50 |
| 1988 | 4 | -2.19% | 28,330.85 | 117.10 |
| 1988 | 5 | 6.00% | 30,030.19 | 117.50 |
| 1988 | 6 | -0.31% | 29,938.02 | 118.00 |
| 1988 | 7 | -1.72% | 29,423.54 | 118.50 |
| 1988 | 8 | 1.93% | 29,990.58 | 119.00 |
| 1988 | 9 | 3.80% | 31,130.70 | 119.80 |
| 1988 | 10 | -2.02% | 30,501.79 | 120.20 |
| 1988 | 11 | 2.33% | 31,211.24 | 120.30 |
| 1988 | 12 | 3.51% | 32,307.59 | 120.50 |
| 1989 | 1 | 3.30% | 33,373.69 | 121.10 |
| 1989 | 2 | -0.16% | 33,319.74 | 121.60 |
| 1989 | 3 | 3.56% | 34,507.52 | 122.30 |
| 1989 | 4 | 4.12% | 35,927.61 | 123.10 |
| 1989 | 5 | 3.39% | 37,146.50 | 123.80 |
| 1989 | 6 | 2.80% | 38,186.67 | 124.10 |
| 1989 | 7 | 4.69% | 39,977.91 | 124.40 |
| 1989 | 8 | 0.46% | 40,160.02 | 124.60 |
| 1989 | 9 | 0.29% | 40,274.98 | 125.00 |
| 1989 | 10 | -1.81% | 39,544.58 | 125.60 |
| 1989 | 11 | 2.74% | 40,626.79 | 125.90 |
| 1989 | 12 | -2.21% | 39,728.44 | 126.10 |
| 1990 | 1 | -2.53% | 38,724.43 | 127.40 |
| 1990 | 2 | 2.71% | 39,772.77 | 128.00 |
| 1990 | 3 | 0.20% | 39,850.72 | 128.70 |
| 1990 | 4 | 3.85% | 41,385.34 | 128.90 |
| 1990 | 5 | 3.17% | 42,697.24 | 129.20 |
| 1990 | 6 | 0.17% | 42,769.70 | 129.90 |
| 1990 | 7 | -7.86% | 39,407.48 | 130.40 |
| 1990 | 8 | -4.34% | 37,696.78 | 131.60 |
| 1990 | 9 | -2.32% | 36,823.81 | 132.70 |
| 1990 | 10 | 2.98% | 37,922.56 | 133.50 |
| 1990 | 11 | 4.59% | 39,661.92 | 133.80 |
| 1990 | 12 | -0.69% | 39,390.17 | 133.80 |
| 1991 | 1 | 11.61% | 43,962.10 | 134.60 |
| 1991 | 2 | 3.04% | 45,300.57 | 134.80 |
| 1991 | 3 | 2.26% | 46,323.84 | 135.00 |
| 1991 | 4 | -0.18% | 46,240.97 | 135.20 |
| 1991 | 5 | 0.35% | 46,401.43 | 135.60 |
| 1991 | 6 | 0.78% | 46,763.59 | 136.00 |
| 1991 | 7 | 2.68% | 48,016.36 | 136.20 |
| 1991 | 8 | -0.30% | 47,870.82 | 136.60 |
| 1991 | 9 | 0.18% | 47,957.77 | 137.20 |
| 1991 | 10 | 0.02% | 47,965.35 | 137.40 |
| 1991 | 11 | 0.94% | 48,413.89 | 137.80 |
| 1991 | 12 | 7.36% | 51,976.20 | 137.90 |
| 1992 | 1 | -0.60% | 51,663.90 | 138.10 |
| 1992 | 2 | -1.01% | 51,140.87 | 138.60 |
| 1992 | 3 | 0.26% | 51,276.04 | 139.30 |
| 1992 | 4 | 2.07% | 52,336.60 | 139.50 |
| 1992 | 5 | -1.33% | 51,640.99 | 139.70 |
| 1992 | 6 | 1.91% | 52,628.43 | 140.20 |
| 1992 | 7 | 0.94% | 53,124.04 | 140.50 |
| 1992 | 8 | 0.38% | 53,324.95 | 140.90 |
| 1992 | 9 | -1.18% | 52,694.62 | 141.30 |
| 1992 | 10 | 2.76% | 54,147.36 | 141.80 |
| 1992 | 11 | 3.27% | 55,918.63 | 142.00 |
| 1992 | 12 | 0.14% | 55,998.53 | 141.90 |
| 1993 | 1 | 1.72% | 56,964.09 | 142.60 |
| 1993 | 2 | 2.15% | 58,188.90 | 143.10 |
| 1993 | 3 | -1.34% | 57,408.15 | 143.60 |
| 1993 | 4 | 0.72% | 57,824.20 | 144.00 |
| 1993 | 5 | 0.87% | 58,324.49 | 144.20 |
| 1993 | 6 | 0.06% | 58,360.07 | 144.40 |
| 1993 | 7 | 1.76% | 59,388.65 | 144.40 |
| 1993 | 8 | 1.35% | 60,193.35 | 144.80 |
| 1993 | 9 | 1.24% | 60,940.89 | 145.10 |
| 1993 | 10 | 0.01% | 60,945.49 | 145.70 |
| 1993 | 11 | 0.89% | 61,486.18 | 145.80 |
| 1993 | 12 | 1.74% | 62,553.51 | 145.80 |
| 1994 | 1 | -0.08% | 62,506.16 | 146.20 |
| 1994 | 2 | -1.42% | 61,616.18 | 146.70 |
| 1994 | 3 | -3.35% | 59,554.27 | 147.20 |
| 1994 | 4 | 1.06% | 60,184.50 | 147.40 |
| 1994 | 5 | 1.11% | 60,851.40 | 147.50 |
| 1994 | 6 | -0.52% | 60,535.66 | 148.00 |
| 1994 | 7 | 3.08% | 62,401.41 | 148.40 |
| 1994 | 8 | 0.82% | 62,911.52 | 149.00 |
| 1994 | 9 | -0.44% | 62,632.19 | 149.40 |
| 1994 | 10 | -0.37% | 62,400.53 | 149.50 |
| 1994 | 11 | -1.03% | 61,760.48 | 149.70 |
| 1994 | 12 | 2.45% | 63,274.34 | 149.70 |
| 1995 | 1 | 3.82% | 65,690.84 | 150.30 |
| 1995 | 2 | 2.56% | 67,371.33 | 150.90 |
| 1995 | 3 | 3.22% | 69,537.69 | 151.40 |
| 1995 | 4 | 3.35% | 71,865.64 | 151.90 |
| 1995 | 5 | 3.18% | 74,149.84 | 152.20 |
| 1995 | 6 | 3.55% | 76,780.29 | 152.50 |
| 1995 | 7 | 0.51% | 77,174.27 | 152.50 |
| 1995 | 8 | 3.72% | 80,043.35 | 152.90 |
| 1995 | 9 | 0.91% | 80,773.80 | 153.20 |
| 1995 | 10 | 2.36% | 82,678.75 | 153.70 |
| 1995 | 11 | 3.39% | 85,480.85 | 153.60 |
| 1995 | 12 | 0.16% | 85,619.82 | 153.50 |
| 1996 | 1 | 5.90% | 90,675.16 | 154.40 |
| 1996 | 2 | -0.20% | 90,493.17 | 154.90 |
| 1996 | 3 | 0.20% | 90,671.48 | 155.70 |
| 1996 | 4 | 2.35% | 92,806.64 | 156.30 |
| 1996 | 5 | 1.28% | 93,993.26 | 156.60 |
| 1996 | 6 | -3.48% | 90,725.52 | 156.70 |
| 1996 | 7 | 3.08% | 93,516.01 | 157.00 |
| 1996 | 8 | 2.02% | 95,408.52 | 157.30 |
| 1996 | 9 | 4.12% | 99,338.87 | 157.80 |
| 1996 | 10 | 5.05% | 104,357.56 | 158.30 |
| 1996 | 11 | 1.20% | 105,608.00 | 158.60 |
| 1996 | 12 | 3.26% | 109,048.22 | 158.60 |
| 1997 | 1 | 4.36% | 113,803.99 | 159.10 |
| 1997 | 2 | -0.62% | 113,094.21 | 159.60 |
| 1997 | 3 | -3.41% | 109,243.08 | 160.00 |
| 1997 | 4 | 9.22% | 119,312.92 | 160.20 |
| 1997 | 5 | 5.34% | 125,680.44 | 160.10 |
| 1997 | 6 | 5.74% | 132,889.37 | 160.30 |
| 1997 | 7 | 0.35% | 133,351.55 | 160.50 |
| 1997 | 8 | 1.19% | 134,941.11 | 160.80 |
| 1997 | 9 | 1.65% | 137,161.40 | 161.20 |
| 1997 | 10 | -1.15% | 135,581.24 | 161.60 |
| 1997 | 11 | 2.63% | 139,153.29 | 161.50 |
| 1997 | 12 | 0.24% | 139,483.20 | 161.30 |
| 1998 | 1 | 6.40% | 148,413.14 | 161.60 |
| 1998 | 2 | 5.31% | 156,298.14 | 161.90 |
| 1998 | 3 | 3.41% | 161,621.15 | 162.20 |
| 1998 | 4 | -0.22% | 161,262.58 | 162.50 |
| 1998 | 5 | 0.12% | 161,450.38 | 162.80 |
| 1998 | 6 | 4.47% | 168,663.44 | 163.00 |
| 1998 | 7 | -6.97% | 156,905.90 | 163.20 |
| 1998 | 8 | -4.90% | 149,219.94 | 163.40 |
| 1998 | 9 | 1.29% | 151,146.16 | 163.60 |
| 1998 | 10 | 10.97% | 167,733.52 | 164.00 |
| 1998 | 11 | 4.10% | 174,617.48 | 164.00 |
| 1998 | 12 | 5.05% | 183,431.62 | 163.90 |
| 1999 | 1 | -0.07% | 183,309.26 | 164.30 |
| 1999 | 2 | 2.92% | 188,668.32 | 164.50 |
| 1999 | 3 | 4.25% | 196,686.77 | 165.00 |
| 1999 | 4 | -0.10% | 196,492.38 | 166.20 |
| 1999 | 5 | -0.61% | 195,290.30 | 166.20 |
| 1999 | 6 | 4.52% | 204,122.09 | 166.20 |
| 1999 | 7 | -3.77% | 196,417.73 | 166.70 |
| 1999 | 8 | -0.60% | 195,243.12 | 167.10 |
| 1999 | 9 | -1.27% | 192,758.71 | 167.90 |
| 1999 | 10 | 7.11% | 206,456.04 | 168.20 |
| 1999 | 11 | 2.81% | 212,254.84 | 168.30 |
| 1999 | 12 | -0.12% | 212,002.40 | 168.30 |
| 2000 | 1 | -2.48% | 206,748.81 | 168.80 |
| 2000 | 2 | 3.94% | 214,896.69 | 169.80 |
| 2000 | 3 | 1.42% | 217,958.25 | 171.20 |
| 2000 | 4 | -2.84% | 211,770.86 | 171.30 |
| 2000 | 5 | 3.16% | 218,470.19 | 171.50 |
| 2000 | 6 | 0.85% | 220,327.94 | 172.40 |
| 2000 | 7 | 0.94% | 222,398.38 | 172.80 |
| 2000 | 8 | -1.08% | 219,997.26 | 172.80 |
| 2000 | 9 | -5.21% | 208,526.10 | 173.70 |
| 2000 | 10 | -0.77% | 206,915.10 | 174.00 |
| 2000 | 11 | -3.32% | 200,045.36 | 174.10 |
| 2000 | 12 | 0.46% | 200,955.59 | 174.00 |
| 2001 | 1 | -2.14% | 196,662.66 | 175.10 |
| 2001 | 2 | -9.08% | 178,805.88 | 175.80 |
| 2001 | 3 | 0.45% | 179,608.17 | 176.20 |
| 2001 | 4 | 6.88% | 191,964.01 | 176.90 |
| 2001 | 5 | -2.39% | 187,378.66 | 177.70 |
| 2001 | 6 | -2.66% | 182,393.96 | 178.00 |
| 2001 | 7 | -2.05% | 178,662.47 | 177.50 |
| 2001 | 8 | -11.25% | 158,567.73 | 177.50 |
| 2001 | 9 | 3.18% | 163,616.57 | 178.30 |
| 2001 | 10 | 5.05% | 171,884.36 | 177.70 |
| 2001 | 11 | 1.47% | 174,404.27 | 177.40 |
| 2001 | 12 | -0.30% | 173,885.08 | 176.70 |
| 2002 | 1 | -3.35% | 168,055.12 | 177.10 |
| 2002 | 2 | 4.95% | 176,365.90 | 177.80 |
| 2002 | 3 | -3.51% | 170,167.64 | 178.80 |
| 2002 | 4 | -2.82% | 165,368.28 | 179.80 |
| 2002 | 5 | -5.92% | 155,576.89 | 179.80 |
| 2002 | 6 | -10.76% | 138,839.15 | 179.90 |
| 2002 | 7 | 1.14% | 140,420.24 | 180.10 |
| 2002 | 8 | -4.76% | 133,739.42 | 180.70 |
| 2002 | 9 | -1.37% | 131,911.15 | 181.00 |
| 2002 | 10 | 6.63% | 140,651.02 | 181.30 |
| 2002 | 11 | -1.04% | 139,195.20 | 181.30 |
| 2002 | 12 | -0.22% | 138,885.47 | 180.90 |
| 2003 | 1 | -6.41% | 129,976.19 | 181.70 |
| 2003 | 2 | 1.31% | 131,676.15 | 183.10 |
| 2003 | 3 | 5.29% | 138,636.36 | 184.20 |
| 2003 | 4 | 5.31% | 146,001.02 | 183.80 |
| 2003 | 5 | 5.70% | 154,329.19 | 183.50 |
| 2003 | 6 | 0.60% | 155,248.84 | 183.70 |
| 2003 | 7 | -0.17% | 154,990.62 | 183.90 |
| 2003 | 8 | 3.16% | 159,890.15 | 184.60 |
| 2003 | 9 | 2.03% | 163,132.45 | 185.20 |
| 2003 | 10 | 1.21% | 165,107.31 | 185.00 |
| 2003 | 11 | 3.06% | 170,165.89 | 184.50 |
| 2003 | 12 | 4.93% | 178,563.51 | 184.30 |
| 2004 | 1 | 1.09% | 180,503.89 | 185.20 |
| 2004 | 2 | -1.57% | 177,678.65 | 186.20 |
| 2004 | 3 | 0.97% | 179,398.82 | 187.40 |
| 2004 | 4 | -2.56% | 174,798.58 | 188.00 |
| 2004 | 5 | 2.86% | 179,793.76 | 189.10 |
| 2004 | 6 | -2.24% | 175,768.57 | 189.70 |
| 2004 | 7 | -1.39% | 173,329.66 | 189.40 |
| 2004 | 8 | 2.78% | 178,152.77 | 189.50 |
| 2004 | 9 | 0.10% | 178,335.55 | 189.90 |
| 2004 | 10 | 4.77% | 186,849.11 | 190.90 |
| 2004 | 11 | 2.73% | 191,945.32 | 191.00 |
| 2004 | 12 | -1.35% | 189,355.55 | 190.30 |
| 2005 | 1 | 1.68% | 192,539.01 | 190.70 |
| 2005 | 2 | -0.26% | 192,046.90 | 191.80 |
| 2005 | 3 | -2.41% | 187,420.65 | 193.30 |
| 2005 | 4 | 1.34% | 189,924.34 | 194.60 |
| 2005 | 5 | 2.18% | 194,066.02 | 194.40 |
| 2005 | 6 | 1.81% | 197,574.33 | 194.50 |
| 2005 | 7 | 0.31% | 198,186.84 | 195.40 |
| 2005 | 8 | 0.28% | 198,741.15 | 196.40 |
| 2005 | 9 | -2.62% | 193,525.75 | 198.80 |
| 2005 | 10 | 3.96% | 201,192.35 | 199.20 |
| 2005 | 11 | 2.14% | 205,506.18 | 197.60 |
| 2005 | 12 | 1.47% | 208,520.48 | 196.80 |
| 2006 | 1 | -0.02% | 208,485.79 | 198.30 |
| 2006 | 2 | 1.49% | 211,584.17 | 198.70 |
| 2006 | 3 | 0.80% | 213,273.32 | 199.80 |
| 2006 | 4 | -0.79% | 211,595.63 | 201.50 |
| 2006 | 5 | -2.71% | 205,870.29 | 202.50 |
| 2006 | 6 | 0.72% | 207,352.64 | 202.90 |
| 2006 | 7 | 2.29% | 212,104.67 | 203.50 |
| 2006 | 8 | 2.53% | 217,473.40 | 203.90 |
| 2006 | 9 | 3.62% | 225,337.05 | 202.90 |
| 2006 | 10 | 2.00% | 229,847.50 | 201.80 |
| 2006 | 11 | 2.15% | 234,785.23 | 201.50 |
| 2006 | 12 | 0.69% | 236,411.88 | 201.80 |
| 2007 | 1 | 1.60% | 240,185.13 | 202.42 |
| 2007 | 2 | -2.47% | 234,243.21 | 203.50 |
| 2007 | 3 | 4.18% | 244,035.19 | 205.35 |
| 2007 | 4 | 3.39% | 252,312.26 | 206.69 |
| 2007 | 5 | 0.34% | 253,182.49 | 207.95 |
| 2007 | 6 | 0.57% | 254,637.32 | 208.35 |
| 2007 | 7 | -4.20% | 243,939.73 | 208.30 |
| 2007 | 8 | 3.07% | 251,440.26 | 207.92 |
| 2007 | 9 | 2.99% | 258,962.42 | 208.49 |
| 2007 | 10 | -4.81% | 246,515.89 | 208.94 |
| 2007 | 11 | 1.24% | 249,568.30 | 210.18 |
| 2007 | 12 | -6.64% | 233,008.95 | 210.04 |
| 2008 | 1 | -1.56% | 229,364.77 | 211.08 |
| 2008 | 2 | -2.63% | 223,340.19 | 211.69 |
| 2008 | 3 | 4.24% | 232,818.31 | 213.53 |
| 2008 | 4 | 2.56% | 238,784.52 | 214.82 |
| 2008 | 5 | -4.25% | 228,644.34 | 216.63 |
| 2008 | 6 | -6.08% | 214,746.26 | 218.82 |
| 2008 | 7 | 2.11% | 219,278.55 | 219.96 |
| 2008 | 8 | -4.85% | 208,648.95 | 219.09 |
| 2008 | 9 | -20.19% | 166,515.24 | 218.78 |
| 2008 | 10 | -8.61% | 152,186.03 | 216.57 |
| 2008 | 11 | -0.35% | 151,651.52 | 212.43 |
| 2008 | 12 | -1.10% | 149,990.10 | 210.23 |
| 2009 | 1 | -6.70% | 139,937.00 | 211.14 |
| 2009 | 2 | -5.69% | 131,978.17 | 212.19 |
| 2009 | 3 | 12.32% | 148,240.19 | 212.71 |
| 2009 | 4 | 6.66% | 158,112.73 | 213.24 |
| 2009 | 5 | 2.87% | 162,648.76 | 213.86 |
| 2009 | 6 | 1.28% | 164,726.83 | 215.69 |
| 2009 | 7 | 8.12% | 178,103.87 | 215.35 |
| 2009 | 8 | 3.65% | 184,605.28 | 215.83 |
| 2009 | 9 | 2.40% | 189,041.54 | 215.97 |
| 2009 | 10 | 2.09% | 193,000.69 | 216.18 |
| 2009 | 11 | 2.23% | 197,296.61 | 216.33 |
| 2009 | 12 | 1.36% | 199,973.86 | 215.95 |
| 2010 | 1 | -2.90% | 194,177.67 | 216.69 |
| 2010 | 2 | 5.94% | 205,717.72 | 216.74 |
| 2010 | 3 | 4.09% | 214,127.32 | 217.63 |
| 2010 | 4 | -5.88% | 201,531.50 | 218.01 |
| 2010 | 5 | -3.54% | 194,390.10 | 218.18 |
| 2010 | 6 | -0.16% | 194,080.88 | 217.97 |
| 2010 | 7 | 0.86% | 195,756.98 | 218.01 |
| 2010 | 8 | 3.37% | 202,356.25 | 218.31 |
| 2010 | 9 | 4.58% | 211,618.98 | 218.44 |
| 2010 | 10 | 2.49% | 216,890.23 | 218.71 |
| 2010 | 11 | 3.71% | 224,944.96 | 218.80 |
| 2010 | 12 | 3.46% | 232,732.99 | 219.18 |
| 2011 | 1 | 3.15% | 240,066.09 | 220.22 |
| 2011 | 2 | -1.11% | 237,395.45 | 221.31 |
| 2011 | 3 | 2.22% | 242,667.96 | 223.47 |
| 2011 | 4 | 0.66% | 244,267.71 | 224.91 |
| 2011 | 5 | -3.66% | 235,321.16 | 225.96 |
| 2011 | 6 | 3.10% | 242,620.20 | 225.72 |
| 2011 | 7 | -10.40% | 217,386.13 | 225.92 |
| 2011 | 8 | -0.79% | 215,670.42 | 226.55 |
| 2011 | 9 | 3.02% | 222,181.31 | 226.89 |
| 2011 | 10 | 1.77% | 226,107.53 | 226.42 |
| 2011 | 11 | 1.55% | 229,622.94 | 226.23 |
| 2011 | 12 | 4.78% | 240,604.79 | 225.67 |
| 2012 | 1 | 4.16% | 250,620.22 | 226.67 |
| 2012 | 2 | 2.88% | 257,847.70 | 227.66 |
| 2012 | 3 | -0.04% | 257,749.18 | 229.39 |
| 2012 | 4 | -3.09% | 249,782.27 | 230.09 |
| 2012 | 5 | -1.15% | 246,903.75 | 229.82 |
| 2012 | 6 | 2.92% | 254,116.03 | 229.48 |
| 2012 | 7 | 3.39% | 262,724.72 | 229.10 |
| 2012 | 8 | 3.02% | 270,662.07 | 230.38 |
| 2012 | 9 | -0.22% | 270,074.37 | 231.41 |
| 2012 | 10 | -2.84% | 262,411.02 | 231.32 |
| 2012 | 11 | 2.18% | 268,119.87 | 230.22 |
| 2012 | 12 | 4.27% | 279,565.26 | 229.60 |
| 2013 | 1 | 2.33% | 286,087.58 | 230.28 |
| 2013 | 2 | 2.72% | 293,876.18 | 232.17 |
| 2013 | 3 | 1.45% | 298,148.53 | 232.77 |
| 2013 | 4 | 4.57% | 311,786.65 | 232.53 |
| 2013 | 5 | -1.12% | 308,301.58 | 232.95 |
| 2013 | 6 | 3.25% | 318,335.18 | 233.50 |
| 2013 | 7 | 0.25% | 319,139.07 | 233.60 |
| 2013 | 8 | 1.19% | 322,944.70 | 233.88 |
| 2013 | 9 | 2.12% | 329,783.21 | 234.15 |
| 2013 | 10 | 3.86% | 342,512.82 | 233.55 |
| 2013 | 11 | 1.52% | 347,724.71 | 233.07 |
| 2013 | 12 | 0.97% | 351,090.02 | 233.05 |
| 2014 | 1 | -0.13% | 350,633.47 | 233.92 |
| 2014 | 2 | 2.72% | 360,178.66 | 234.78 |
| 2014 | 3 | 0.20% | 360,905.23 | 236.29 |
| 2014 | 4 | 1.53% | 366,434.42 | 237.07 |
| 2014 | 5 | 3.20% | 378,146.83 | 237.90 |
| 2014 | 6 | 1.50% | 383,803.23 | 238.34 |
| 2014 | 7 | -0.43% | 382,164.58 | 238.25 |
| 2014 | 8 | 1.78% | 388,959.60 | 237.85 |
| 2014 | 9 | -2.65% | 378,665.46 | 238.03 |
| 2014 | 10 | 5.71% | 400,270.79 | 237.43 |
| 2014 | 11 | 0.63% | 402,808.06 | 236.15 |
| 2014 | 12 | -1.11% | 398,336.70 | 234.81 |
| 2015 | 1 | 2.83% | 409,599.27 | 233.71 |
| 2015 | 2 | 0.06% | 409,826.04 | 234.72 |
| 2015 | 3 | 0.88% | 413,425.99 | 236.12 |
| 2015 | 4 | 0.98% | 417,473.03 | 236.60 |
| 2015 | 5 | -0.44% | 415,654.94 | 237.81 |
| 2015 | 6 | -0.08% | 415,323.95 | 238.64 |
| 2015 | 7 | -2.42% | 405,254.85 | 238.65 |
| 2015 | 8 | -4.51% | 386,989.62 | 238.32 |
| 2015 | 9 | 4.32% | 403,696.43 | 237.95 |
| 2015 | 10 | 2.93% | 415,534.70 | 237.84 |
| 2015 | 11 | -1.10% | 410,951.48 | 237.34 |
| 2015 | 12 | -6.42% | 384,569.95 | 236.53 |
| 2016 | 1 | -0.55% | 382,455.17 | 236.92 |
| 2016 | 2 | 6.36% | 406,789.75 | 237.11 |
| 2016 | 3 | 2.83% | 418,307.02 | 238.13 |
| 2016 | 4 | -0.30% | 417,033.84 | 239.26 |
| 2016 | 5 | 1.07% | 421,481.47 | 240.23 |
| 2016 | 6 | 3.30% | 435,379.56 | 241.02 |
| 2016 | 7 | 1.20% | 440,600.88 | 240.63 |
| 2016 | 8 | -0.44% | 438,668.09 | 240.85 |
| 2016 | 9 | -0.51% | 436,448.51 | 241.43 |
| 2016 | 10 | 1.20% | 441,690.96 | 241.73 |
| 2016 | 11 | 3.95% | 459,119.93 | 241.35 |
| 2016 | 12 | 1.44% | 465,720.39 | 241.43 |
| 2017 | 1 | 2.58% | 477,719.42 | 242.84 |
| 2017 | 2 | 1.75% | 486,075.96 | 243.60 |
| 2017 | 3 | -0.15% | 485,327.39 | 243.80 |
| 2017 | 4 | 1.69% | 493,540.94 | 244.52 |
| 2017 | 5 | 1.78% | 502,308.34 | 244.73 |
| 2017 | 6 | 0.99% | 507,270.56 | 244.96 |
| 2017 | 7 | 0.25% | 508,527.61 | 244.79 |
| 2017 | 8 | 1.65% | 516,934.90 | 245.52 |
| 2017 | 9 | 2.73% | 531,072.04 | 246.82 |
| 2017 | 10 | 1.59% | 539,513.79 | 246.66 |
| 2017 | 11 | 2.88% | 555,070.60 | 246.67 |
| 2017 | 12 | 4.86% | 582,057.57 | 246.52 |
| 2018 | 1 | -2.89% | 565,255.39 | 247.87 |
| 2018 | 2 | 0.06% | 565,620.42 | 248.99 |
| 2018 | 3 | -1.66% | 556,208.66 | 249.55 |
| 2018 | 4 | 1.96% | 567,119.36 | 250.55 |
| 2018 | 5 | 2.11% | 579,102.42 | 251.59 |
| 2018 | 6 | 1.58% | 588,256.54 | 251.99 |
| 2018 | 7 | 2.45% | 602,673.56 | 252.01 |
| 2018 | 8 | 1.68% | 612,796.95 | 252.15 |
| 2018 | 9 | -3.85% | 589,210.48 | 252.44 |
| 2018 | 10 | -2.08% | 576,977.84 | 252.89 |
| 2018 | 11 | -5.56% | 544,883.37 | 252.04 |
| 2018 | 12 | 1.74% | 554,340.57 | 251.23 |
| 2019 | 1 | 5.83% | 586,652.54 | 251.71 |
| 2019 | 2 | 1.95% | 598,080.66 | 252.78 |
| 2019 | 3 | 3.72% | 620,348.52 | 254.20 |
| 2019 | 4 | -1.53% | 610,846.09 | 255.55 |
| 2019 | 5 | 1.40% | 619,426.94 | 256.09 |
| 2019 | 6 | 3.83% | 643,134.54 | 256.14 |
| 2019 | 7 | -3.13% | 622,976.04 | 256.57 |
| 2019 | 8 | 3.09% | 642,196.27 | 256.56 |
| 2019 | 9 | 0.01% | 642,259.22 | 256.76 |
| 2019 | 10 | 4.43% | 670,735.02 | 257.35 |
| 2019 | 11 | 2.47% | 687,297.62 | 257.21 |
| 2019 | 12 | 3.35% | 710,297.33 | 256.97 |
| 2020 | 1 | 0.12% | 711,164.43 | 257.97 |
| 2020 | 2 | -18.92% | 576,628.42 | 258.68 |
| 2020 | 3 | 4.32% | 601,530.77 | 258.12 |
| 2020 | 4 | 5.89% | 636,945.09 | 256.39 |
| 2020 | 5 | 6.51% | 678,399.21 | 256.39 |
| 2020 | 6 | 3.48% | 701,983.31 | 257.80 |
| 2020 | 7 | 5.89% | 743,354.73 | 259.10 |
| 2020 | 8 | -0.63% | 738,693.88 | 259.92 |
| 2020 | 9 | 1.73% | 751,443.75 | 260.28 |
| 2020 | 10 | 3.95% | 781,156.71 | 260.39 |
| 2020 | 11 | 4.26% | 814,434.61 | 260.23 |
| 2020 | 12 | 2.80% | 837,200.50 | 260.47 |
| 2021 | 1 | 2.49% | 858,059.59 | 261.58 |
| 2021 | 2 | 0.82% | 865,107.33 | 263.01 |
| 2021 | 3 | 6.02% | 917,199.65 | 264.88 |
| 2021 | 4 | 0.76% | 924,172.49 | 267.05 |
| 2021 | 5 | 1.81% | 940,903.92 | 269.20 |
| 2021 | 6 | 3.07% | 969,772.74 | 271.70 |
| 2021 | 7 | 2.19% | 990,963.85 | 273.00 |
| 2021 | 8 | -0.08% | 990,126.50 | 273.57 |
| 2021 | 9 | 0.45% | 994,603.61 | 274.31 |
| 2021 | 10 | 4.74% | 1,041,795.01 | 276.59 |
| 2021 | 11 | 0.27% | 1,044,559.97 | 277.95 |
| 2021 | 12 | -2.05% | 1,023,126.09 | 278.80 |
| 2022 | 1 | -2.90% | 993,429.14 | 281.15 |
| 2022 | 2 | -0.89% | 984,561.95 | 283.72 |
| 2022 | 3 | 0.12% | 985,726.71 | 287.50 |
| 2022 | 4 | -7.87% | 908,123.10 | 289.11 |
| 2022 | 5 | -3.37% | 877,524.94 | 292.30 |
| 2022 | 6 | 0.46% | 881,602.67 | 296.31 |
| 2022 | 7 | 6.45% | 938,443.07 | 296.28 |
| 2022 | 8 | -7.28% | 870,148.77 | 296.17 |
| 2022 | 9 | -3.09% | 843,250.95 | 296.81 |
| 2022 | 10 | 5.29% | 887,817.56 | 298.01 |
| 2022 | 11 | 0.01% | 887,913.77 | 297.71 |
| 2022 | 12 | 1.38% | 900,135.52 | 296.80 |
| 2023 | 1 | 3.15% | 928,462.53 | 299.17 |
| 2023 | 2 | -2.59% | 904,457.81 | 300.84 |
| 2023 | 3 | 4.00% | 940,601.94 | 301.84 |
| 2023 | 4 | 0.74% | 947,540.72 | 303.36 |
| 2023 | 5 | 4.94% | 994,369.95 | 304.13 |
| 2023 | 6 | 3.88% | 1,032,912.15 | 305.11 |
| 2023 | 7 | -1.00% | 1,022,607.44 | 305.69 |
| 2023 | 8 | -0.95% | 1,012,856.09 | 307.03 |
| 2023 | 9 | -3.04% | 982,092.48 | 307.79 |
| 2023 | 10 | 4.60% | 1,027,285.66 | 307.67 |
| 2023 | 11 | 5.18% | 1,080,450.23 | 307.05 |
| 2023 | 12 | 2.91% | 1,111,911.18 | 306.75 |
Click to show 486 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 $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 1982. This would result in a final amount of $908,821.14, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $1,111,911.18).
| Year | Month | Contribution ($) | Amount ($) |
|---|---|---|---|
| 1982 | 1 | 416.66 | 406.71 |
| 1982 | 2 | 416.66 | 798.75 |
| 1982 | 3 | 416.66 | 1,279.78 |
| 1982 | 4 | 416.66 | 1,704.08 |
| 1982 | 5 | 416.66 | 2,006.95 |
| 1982 | 6 | 416.66 | 2,427.36 |
| 1982 | 7 | 416.66 | 2,864.44 |
| 1982 | 8 | 416.66 | 3,675.83 |
| 1982 | 9 | 416.66 | 4,454.01 |
| 1982 | 10 | 416.66 | 5,088.05 |
| 1982 | 11 | 416.66 | 5,577.60 |
| 1982 | 12 | 416.66 | 6,227.87 |
| 1983 | 1 | 416.66 | 6,784.41 |
| 1983 | 2 | 416.66 | 7,477.80 |
| 1983 | 3 | 416.66 | 8,224.24 |
| 1983 | 4 | 416.66 | 9,021.65 |
| 1983 | 5 | 416.66 | 9,602.35 |
| 1983 | 6 | 416.66 | 10,088.51 |
| 1983 | 7 | 416.66 | 10,250.84 |
| 1983 | 8 | 416.66 | 11,019.51 |
| 1983 | 9 | 416.66 | 11,508.82 |
| 1983 | 10 | 416.66 | 11,787.90 |
| 1983 | 11 | 416.66 | 12,187.44 |
| 1983 | 12 | 416.82 | 12,801.40 |
| 1984 | 1 | - | 12,146.97 |
| 1984 | 2 | - | 12,200.70 |
| 1984 | 3 | - | 12,262.58 |
| 1984 | 4 | - | 12,231.61 |
| 1984 | 5 | - | 12,005.53 |
| 1984 | 6 | - | 11,896.47 |
| 1984 | 7 | - | 12,991.72 |
| 1984 | 8 | - | 13,174.51 |
| 1984 | 9 | - | 13,120.18 |
| 1984 | 10 | - | 13,288.89 |
| 1984 | 11 | - | 13,194.87 |
| 1984 | 12 | - | 13,814.71 |
| 1985 | 1 | - | 14,614.21 |
| 1985 | 2 | - | 14,544.31 |
| 1985 | 3 | - | 14,693.35 |
| 1985 | 4 | - | 15,095.30 |
| 1985 | 5 | - | 15,474.34 |
| 1985 | 6 | - | 15,822.09 |
| 1985 | 7 | - | 15,530.12 |
| 1985 | 8 | - | 15,237.38 |
| 1985 | 9 | - | 15,465.26 |
| 1985 | 10 | - | 16,458.21 |
| 1985 | 11 | - | 17,329.59 |
| 1985 | 12 | - | 17,459.86 |
| 1986 | 1 | - | 18,454.60 |
| 1986 | 2 | - | 19,595.60 |
| 1986 | 3 | - | 20,132.80 |
| 1986 | 4 | - | 20,231.82 |
| 1986 | 5 | - | 20,865.73 |
| 1986 | 6 | - | 20,489.33 |
| 1986 | 7 | - | 20,956.66 |
| 1986 | 8 | - | 20,441.92 |
| 1986 | 9 | - | 20,423.55 |
| 1986 | 10 | - | 21,145.10 |
| 1986 | 11 | - | 21,506.46 |
| 1986 | 12 | - | 22,941.66 |
| 1987 | 1 | - | 24,424.13 |
| 1987 | 2 | - | 25,493.02 |
| 1987 | 3 | - | 25,274.70 |
| 1987 | 4 | - | 25,318.38 |
| 1987 | 5 | - | 26,457.32 |
| 1987 | 6 | - | 27,283.34 |
| 1987 | 7 | - | 29,044.21 |
| 1987 | 8 | - | 28,164.05 |
| 1987 | 9 | - | 24,825.51 |
| 1987 | 10 | - | 21,771.13 |
| 1987 | 11 | - | 21,480.55 |
| 1987 | 12 | - | 22,392.73 |
| 1988 | 1 | - | 23,138.09 |
| 1988 | 2 | - | 23,885.92 |
| 1988 | 3 | - | 23,674.29 |
| 1988 | 4 | - | 23,156.23 |
| 1988 | 5 | - | 24,545.19 |
| 1988 | 6 | - | 24,469.85 |
| 1988 | 7 | - | 24,049.34 |
| 1988 | 8 | - | 24,512.81 |
| 1988 | 9 | - | 25,444.70 |
| 1988 | 10 | - | 24,930.65 |
| 1988 | 11 | - | 25,510.53 |
| 1988 | 12 | - | 26,406.62 |
| 1989 | 1 | - | 27,278.00 |
| 1989 | 2 | - | 27,233.91 |
| 1989 | 3 | - | 28,204.74 |
| 1989 | 4 | - | 29,365.45 |
| 1989 | 5 | - | 30,361.71 |
| 1989 | 6 | - | 31,211.89 |
| 1989 | 7 | - | 32,675.96 |
| 1989 | 8 | - | 32,824.81 |
| 1989 | 9 | - | 32,918.78 |
| 1989 | 10 | - | 32,321.78 |
| 1989 | 11 | - | 33,206.33 |
| 1989 | 12 | - | 32,472.06 |
| 1990 | 1 | - | 31,651.43 |
| 1990 | 2 | - | 32,508.29 |
| 1990 | 3 | - | 32,572.00 |
| 1990 | 4 | - | 33,826.33 |
| 1990 | 5 | - | 34,898.61 |
| 1990 | 6 | - | 34,957.84 |
| 1990 | 7 | - | 32,209.72 |
| 1990 | 8 | - | 30,811.48 |
| 1990 | 9 | - | 30,097.96 |
| 1990 | 10 | - | 30,996.02 |
| 1990 | 11 | - | 32,417.69 |
| 1990 | 12 | - | 32,195.57 |
| 1991 | 1 | - | 35,932.44 |
| 1991 | 2 | - | 37,026.45 |
| 1991 | 3 | - | 37,862.81 |
| 1991 | 4 | - | 37,795.08 |
| 1991 | 5 | - | 37,926.24 |
| 1991 | 6 | - | 38,222.24 |
| 1991 | 7 | - | 39,246.19 |
| 1991 | 8 | - | 39,127.24 |
| 1991 | 9 | - | 39,198.31 |
| 1991 | 10 | - | 39,204.50 |
| 1991 | 11 | - | 39,571.12 |
| 1991 | 12 | - | 42,482.77 |
| 1992 | 1 | - | 42,227.52 |
| 1992 | 2 | - | 41,800.01 |
| 1992 | 3 | - | 41,910.49 |
| 1992 | 4 | - | 42,777.35 |
| 1992 | 5 | - | 42,208.78 |
| 1992 | 6 | - | 43,015.87 |
| 1992 | 7 | - | 43,420.96 |
| 1992 | 8 | - | 43,585.17 |
| 1992 | 9 | - | 43,069.97 |
| 1992 | 10 | - | 44,257.37 |
| 1992 | 11 | - | 45,705.12 |
| 1992 | 12 | - | 45,770.43 |
| 1993 | 1 | - | 46,559.62 |
| 1993 | 2 | - | 47,560.73 |
| 1993 | 3 | - | 46,922.58 |
| 1993 | 4 | - | 47,262.64 |
| 1993 | 5 | - | 47,671.55 |
| 1993 | 6 | - | 47,700.63 |
| 1993 | 7 | - | 48,541.34 |
| 1993 | 8 | - | 49,199.06 |
| 1993 | 9 | - | 49,810.07 |
| 1993 | 10 | - | 49,813.82 |
| 1993 | 11 | - | 50,255.76 |
| 1993 | 12 | - | 51,128.14 |
| 1994 | 1 | - | 51,089.44 |
| 1994 | 2 | - | 50,362.02 |
| 1994 | 3 | - | 48,676.71 |
| 1994 | 4 | - | 49,191.83 |
| 1994 | 5 | - | 49,736.92 |
| 1994 | 6 | - | 49,478.85 |
| 1994 | 7 | - | 51,003.83 |
| 1994 | 8 | - | 51,420.77 |
| 1994 | 9 | - | 51,192.45 |
| 1994 | 10 | - | 51,003.10 |
| 1994 | 11 | - | 50,479.96 |
| 1994 | 12 | - | 51,717.31 |
| 1995 | 1 | - | 53,692.44 |
| 1995 | 2 | - | 55,065.99 |
| 1995 | 3 | - | 56,836.66 |
| 1995 | 4 | - | 58,739.42 |
| 1995 | 5 | - | 60,606.41 |
| 1995 | 6 | - | 62,756.41 |
| 1995 | 7 | - | 63,078.42 |
| 1995 | 8 | - | 65,423.47 |
| 1995 | 9 | - | 66,020.50 |
| 1995 | 10 | - | 67,577.52 |
| 1995 | 11 | - | 69,867.81 |
| 1995 | 12 | - | 69,981.40 |
| 1996 | 1 | - | 74,113.38 |
| 1996 | 2 | - | 73,964.64 |
| 1996 | 3 | - | 74,110.38 |
| 1996 | 4 | - | 75,855.55 |
| 1996 | 5 | - | 76,825.43 |
| 1996 | 6 | - | 74,154.55 |
| 1996 | 7 | - | 76,435.36 |
| 1996 | 8 | - | 77,982.20 |
| 1996 | 9 | - | 81,194.68 |
| 1996 | 10 | - | 85,296.70 |
| 1996 | 11 | - | 86,318.75 |
| 1996 | 12 | - | 89,130.62 |
| 1997 | 1 | - | 93,017.75 |
| 1997 | 2 | - | 92,437.61 |
| 1997 | 3 | - | 89,289.88 |
| 1997 | 4 | - | 97,520.47 |
| 1997 | 5 | - | 102,724.97 |
| 1997 | 6 | - | 108,617.19 |
| 1997 | 7 | - | 108,994.95 |
| 1997 | 8 | - | 110,294.18 |
| 1997 | 9 | - | 112,108.94 |
| 1997 | 10 | - | 110,817.39 |
| 1997 | 11 | - | 113,737.01 |
| 1997 | 12 | - | 114,006.66 |
| 1998 | 1 | - | 121,305.55 |
| 1998 | 2 | - | 127,750.36 |
| 1998 | 3 | - | 132,101.12 |
| 1998 | 4 | - | 131,808.05 |
| 1998 | 5 | - | 131,961.55 |
| 1998 | 6 | - | 137,857.15 |
| 1998 | 7 | - | 128,247.11 |
| 1998 | 8 | - | 121,964.99 |
| 1998 | 9 | - | 123,539.39 |
| 1998 | 10 | - | 137,097.07 |
| 1998 | 11 | - | 142,723.68 |
| 1998 | 12 | - | 149,927.93 |
| 1999 | 1 | - | 149,827.91 |
| 1999 | 2 | - | 154,208.14 |
| 1999 | 3 | - | 160,762.02 |
| 1999 | 4 | - | 160,603.14 |
| 1999 | 5 | - | 159,620.62 |
| 1999 | 6 | - | 166,839.29 |
| 1999 | 7 | - | 160,542.13 |
| 1999 | 8 | - | 159,582.06 |
| 1999 | 9 | - | 157,551.42 |
| 1999 | 10 | - | 168,746.95 |
| 1999 | 11 | - | 173,486.60 |
| 1999 | 12 | - | 173,280.26 |
| 2000 | 1 | - | 168,986.24 |
| 2000 | 2 | - | 175,645.91 |
| 2000 | 3 | - | 178,148.28 |
| 2000 | 4 | - | 173,091.02 |
| 2000 | 5 | - | 178,566.72 |
| 2000 | 6 | - | 180,085.15 |
| 2000 | 7 | - | 181,777.43 |
| 2000 | 8 | - | 179,814.87 |
| 2000 | 9 | - | 170,438.90 |
| 2000 | 10 | - | 169,122.16 |
| 2000 | 11 | - | 163,507.17 |
| 2000 | 12 | - | 164,251.14 |
| 2001 | 1 | - | 160,742.32 |
| 2001 | 2 | - | 146,147.07 |
| 2001 | 3 | - | 146,802.82 |
| 2001 | 4 | - | 156,901.88 |
| 2001 | 5 | - | 153,154.04 |
| 2001 | 6 | - | 149,079.79 |
| 2001 | 7 | - | 146,029.86 |
| 2001 | 8 | - | 129,605.41 |
| 2001 | 9 | - | 133,732.08 |
| 2001 | 10 | - | 140,489.76 |
| 2001 | 11 | - | 142,549.41 |
| 2001 | 12 | - | 142,125.06 |
| 2002 | 1 | - | 137,359.93 |
| 2002 | 2 | - | 144,152.75 |
| 2002 | 3 | - | 139,086.60 |
| 2002 | 4 | - | 135,163.84 |
| 2002 | 5 | - | 127,160.85 |
| 2002 | 6 | - | 113,480.25 |
| 2002 | 7 | - | 114,772.55 |
| 2002 | 8 | - | 109,311.98 |
| 2002 | 9 | - | 107,817.64 |
| 2002 | 10 | - | 114,961.18 |
| 2002 | 11 | - | 113,771.26 |
| 2002 | 12 | - | 113,518.10 |
| 2003 | 1 | - | 106,236.10 |
| 2003 | 2 | - | 107,625.56 |
| 2003 | 3 | - | 113,314.50 |
| 2003 | 4 | - | 119,334.00 |
| 2003 | 5 | - | 126,141.04 |
| 2003 | 6 | - | 126,892.71 |
| 2003 | 7 | - | 126,681.66 |
| 2003 | 8 | - | 130,686.29 |
| 2003 | 9 | - | 133,336.39 |
| 2003 | 10 | - | 134,950.54 |
| 2003 | 11 | - | 139,085.17 |
| 2003 | 12 | - | 145,948.97 |
| 2004 | 1 | - | 147,534.94 |
| 2004 | 2 | - | 145,225.73 |
| 2004 | 3 | - | 146,631.71 |
| 2004 | 4 | - | 142,871.70 |
| 2004 | 5 | - | 146,954.52 |
| 2004 | 6 | - | 143,664.53 |
| 2004 | 7 | - | 141,671.08 |
| 2004 | 8 | - | 145,613.26 |
| 2004 | 9 | - | 145,762.65 |
| 2004 | 10 | - | 152,721.21 |
| 2004 | 11 | - | 156,886.60 |
| 2004 | 12 | - | 154,769.85 |
| 2005 | 1 | - | 157,371.85 |
| 2005 | 2 | - | 156,969.63 |
| 2005 | 3 | - | 153,188.36 |
| 2005 | 4 | - | 155,234.75 |
| 2005 | 5 | - | 158,619.95 |
| 2005 | 6 | - | 161,487.47 |
| 2005 | 7 | - | 161,988.11 |
| 2005 | 8 | - | 162,441.18 |
| 2005 | 9 | - | 158,178.36 |
| 2005 | 10 | - | 164,444.67 |
| 2005 | 11 | - | 167,970.58 |
| 2005 | 12 | - | 170,434.32 |
| 2006 | 1 | - | 170,405.96 |
| 2006 | 2 | - | 172,938.43 |
| 2006 | 3 | - | 174,319.05 |
| 2006 | 4 | - | 172,947.79 |
| 2006 | 5 | - | 168,268.18 |
| 2006 | 6 | - | 169,479.78 |
| 2006 | 7 | - | 173,363.85 |
| 2006 | 8 | - | 177,751.99 |
| 2006 | 9 | - | 184,179.35 |
| 2006 | 10 | - | 187,865.96 |
| 2006 | 11 | - | 191,901.82 |
| 2006 | 12 | - | 193,231.37 |
| 2007 | 1 | - | 196,315.43 |
| 2007 | 2 | - | 191,458.80 |
| 2007 | 3 | - | 199,462.28 |
| 2007 | 4 | - | 206,227.55 |
| 2007 | 5 | - | 206,938.83 |
| 2007 | 6 | - | 208,127.94 |
| 2007 | 7 | - | 199,384.26 |
| 2007 | 8 | - | 205,514.81 |
| 2007 | 9 | - | 211,663.06 |
| 2007 | 10 | - | 201,489.88 |
| 2007 | 11 | - | 203,984.77 |
| 2007 | 12 | - | 190,449.98 |
| 2008 | 1 | - | 187,471.41 |
| 2008 | 2 | - | 182,547.21 |
| 2008 | 3 | - | 190,294.16 |
| 2008 | 4 | - | 195,170.64 |
| 2008 | 5 | - | 186,882.56 |
| 2008 | 6 | - | 175,522.96 |
| 2008 | 7 | - | 179,227.43 |
| 2008 | 8 | - | 170,539.32 |
| 2008 | 9 | - | 136,101.32 |
| 2008 | 10 | - | 124,389.32 |
| 2008 | 11 | - | 123,952.45 |
| 2008 | 12 | - | 122,594.48 |
| 2009 | 1 | - | 114,377.57 |
| 2009 | 2 | - | 107,872.42 |
| 2009 | 3 | - | 121,164.19 |
| 2009 | 4 | - | 129,233.51 |
| 2009 | 5 | - | 132,941.04 |
| 2009 | 6 | - | 134,639.55 |
| 2009 | 7 | - | 145,573.29 |
| 2009 | 8 | - | 150,887.21 |
| 2009 | 9 | - | 154,513.20 |
| 2009 | 10 | - | 157,749.21 |
| 2009 | 11 | - | 161,260.48 |
| 2009 | 12 | - | 163,448.73 |
| 2010 | 1 | - | 158,711.21 |
| 2010 | 2 | - | 168,143.48 |
| 2010 | 3 | - | 175,017.07 |
| 2010 | 4 | - | 164,721.87 |
| 2010 | 5 | - | 158,884.84 |
| 2010 | 6 | - | 158,632.10 |
| 2010 | 7 | - | 160,002.06 |
| 2010 | 8 | - | 165,395.98 |
| 2010 | 9 | - | 172,966.88 |
| 2010 | 10 | - | 177,275.33 |
| 2010 | 11 | - | 183,858.87 |
| 2010 | 12 | - | 190,224.42 |
| 2011 | 1 | - | 196,218.13 |
| 2011 | 2 | - | 194,035.28 |
| 2011 | 3 | - | 198,344.77 |
| 2011 | 4 | - | 199,652.33 |
| 2011 | 5 | - | 192,339.87 |
| 2011 | 6 | - | 198,305.74 |
| 2011 | 7 | - | 177,680.66 |
| 2011 | 8 | - | 176,278.32 |
| 2011 | 9 | - | 181,600.00 |
| 2011 | 10 | - | 184,809.10 |
| 2011 | 11 | - | 187,682.42 |
| 2011 | 12 | - | 196,658.44 |
| 2012 | 1 | - | 204,844.56 |
| 2012 | 2 | - | 210,751.94 |
| 2012 | 3 | - | 210,671.41 |
| 2012 | 4 | - | 204,159.66 |
| 2012 | 5 | - | 201,806.90 |
| 2012 | 6 | - | 207,701.86 |
| 2012 | 7 | - | 214,738.17 |
| 2012 | 8 | - | 221,225.77 |
| 2012 | 9 | - | 220,745.41 |
| 2012 | 10 | - | 214,481.78 |
| 2012 | 11 | - | 219,147.90 |
| 2012 | 12 | - | 228,502.80 |
| 2013 | 1 | - | 233,833.82 |
| 2013 | 2 | - | 240,199.84 |
| 2013 | 3 | - | 243,691.85 |
| 2013 | 4 | - | 254,838.97 |
| 2013 | 5 | - | 251,990.44 |
| 2013 | 6 | - | 260,191.41 |
| 2013 | 7 | - | 260,848.47 |
| 2013 | 8 | - | 263,959.00 |
| 2013 | 9 | - | 269,548.47 |
| 2013 | 10 | - | 279,953.02 |
| 2013 | 11 | - | 284,212.96 |
| 2013 | 12 | - | 286,963.59 |
| 2014 | 1 | - | 286,590.44 |
| 2014 | 2 | - | 294,392.20 |
| 2014 | 3 | - | 294,986.06 |
| 2014 | 4 | - | 299,505.35 |
| 2014 | 5 | - | 309,078.49 |
| 2014 | 6 | - | 313,701.76 |
| 2014 | 7 | - | 312,362.41 |
| 2014 | 8 | - | 317,916.32 |
| 2014 | 9 | - | 309,502.39 |
| 2014 | 10 | - | 327,161.52 |
| 2014 | 11 | - | 329,235.36 |
| 2014 | 12 | - | 325,580.70 |
| 2015 | 1 | - | 334,786.16 |
| 2015 | 2 | - | 334,971.51 |
| 2015 | 3 | - | 337,913.93 |
| 2015 | 4 | - | 341,221.78 |
| 2015 | 5 | - | 339,735.76 |
| 2015 | 6 | - | 339,465.23 |
| 2015 | 7 | - | 331,235.25 |
| 2015 | 8 | - | 316,306.16 |
| 2015 | 9 | - | 329,961.47 |
| 2015 | 10 | - | 339,637.49 |
| 2015 | 11 | - | 335,891.39 |
| 2015 | 12 | - | 314,328.44 |
| 2016 | 1 | - | 312,599.91 |
| 2016 | 2 | - | 332,489.80 |
| 2016 | 3 | - | 341,903.45 |
| 2016 | 4 | - | 340,862.81 |
| 2016 | 5 | - | 344,498.08 |
| 2016 | 6 | - | 355,857.69 |
| 2016 | 7 | - | 360,125.34 |
| 2016 | 8 | - | 358,545.58 |
| 2016 | 9 | - | 356,731.40 |
| 2016 | 10 | - | 361,016.32 |
| 2016 | 11 | - | 375,261.89 |
| 2016 | 12 | - | 380,656.79 |
| 2017 | 1 | - | 390,464.20 |
| 2017 | 2 | - | 397,294.43 |
| 2017 | 3 | - | 396,682.58 |
| 2017 | 4 | - | 403,395.93 |
| 2017 | 5 | - | 410,561.96 |
| 2017 | 6 | - | 414,617.84 |
| 2017 | 7 | - | 415,645.28 |
| 2017 | 8 | - | 422,516.99 |
| 2017 | 9 | - | 434,071.99 |
| 2017 | 10 | - | 440,971.86 |
| 2017 | 11 | - | 453,687.22 |
| 2017 | 12 | - | 475,745.03 |
| 2018 | 1 | - | 462,011.77 |
| 2018 | 2 | - | 462,310.13 |
| 2018 | 3 | - | 454,617.41 |
| 2018 | 4 | - | 463,535.29 |
| 2018 | 5 | - | 473,329.65 |
| 2018 | 6 | - | 480,811.77 |
| 2018 | 7 | - | 492,595.53 |
| 2018 | 8 | - | 500,869.89 |
| 2018 | 9 | - | 481,591.48 |
| 2018 | 10 | - | 471,593.11 |
| 2018 | 11 | - | 445,360.69 |
| 2018 | 12 | - | 453,090.53 |
| 2019 | 1 | - | 479,500.74 |
| 2019 | 2 | - | 488,841.52 |
| 2019 | 3 | - | 507,042.16 |
| 2019 | 4 | - | 499,275.35 |
| 2019 | 5 | - | 506,288.91 |
| 2019 | 6 | - | 525,666.33 |
| 2019 | 7 | - | 509,189.77 |
| 2019 | 8 | - | 524,899.43 |
| 2019 | 9 | - | 524,950.89 |
| 2019 | 10 | - | 548,225.60 |
| 2019 | 11 | - | 561,763.04 |
| 2019 | 12 | - | 580,561.86 |
| 2020 | 1 | - | 581,270.59 |
| 2020 | 2 | - | 471,307.52 |
| 2020 | 3 | - | 491,661.47 |
| 2020 | 4 | - | 520,607.38 |
| 2020 | 5 | - | 554,489.92 |
| 2020 | 6 | - | 573,766.40 |
| 2020 | 7 | - | 607,581.35 |
| 2020 | 8 | - | 603,771.80 |
| 2020 | 9 | - | 614,192.91 |
| 2020 | 10 | - | 638,478.81 |
| 2020 | 11 | - | 665,678.53 |
| 2020 | 12 | - | 684,286.24 |
| 2021 | 1 | - | 701,335.42 |
| 2021 | 2 | - | 707,095.89 |
| 2021 | 3 | - | 749,673.58 |
| 2021 | 4 | - | 755,372.83 |
| 2021 | 5 | - | 769,048.27 |
| 2021 | 6 | - | 792,644.22 |
| 2021 | 7 | - | 809,964.78 |
| 2021 | 8 | - | 809,280.37 |
| 2021 | 9 | - | 812,939.74 |
| 2021 | 10 | - | 851,511.65 |
| 2021 | 11 | - | 853,771.60 |
| 2021 | 12 | - | 836,252.61 |
| 2022 | 1 | - | 811,979.79 |
| 2022 | 2 | - | 804,732.19 |
| 2022 | 3 | - | 805,684.20 |
| 2022 | 4 | - | 742,254.86 |
| 2022 | 5 | - | 717,245.44 |
| 2022 | 6 | - | 720,578.37 |
| 2022 | 7 | - | 767,036.90 |
| 2022 | 8 | - | 711,216.52 |
| 2022 | 9 | - | 689,231.57 |
| 2022 | 10 | - | 725,658.11 |
| 2022 | 11 | - | 725,736.75 |
| 2022 | 12 | - | 735,726.20 |
| 2023 | 1 | - | 758,879.30 |
| 2023 | 2 | - | 739,259.03 |
| 2023 | 3 | - | 768,801.45 |
| 2023 | 4 | - | 774,472.87 |
| 2023 | 5 | - | 812,748.76 |
| 2023 | 6 | - | 844,251.24 |
| 2023 | 7 | - | 835,828.68 |
| 2023 | 8 | - | 827,858.41 |
| 2023 | 9 | - | 802,713.76 |
| 2023 | 10 | - | 839,652.43 |
| 2023 | 11 | - | 883,106.52 |
| 2023 | 12 | - | 908,821.14 |
Click to show 486 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 | $117.30 |
| End Value Average monthly close | $3,960.66 |
| Change in price | +3,276.52% +8.96% / yr |
| Change incl. dividends | +11,019.11% +11.87% / yr |
| Change incl. dividends, inflation-adjusted | +3,421.45% +8.85% / yr |
| Final amount, nominal ($10000 base) | $1,111,911.18 |
| Final amount, inflation-adjusted ($10000 base) | $352,145.28 |