S&P 500: $100 in 1957 → $105,407.74 in 2026

$

Stock market returns since 1957

If you invested $100 in the S&P 500 at the beginning of 1957, you would have about $105,407.74 at the end of 2026, assuming you reinvested all dividends. This is a return on investment of 105,307.74%, or 10.61% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 9,038.40% cumulatively, or 6.76% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $102,127.29.

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 $105,307.74, or 105,307.74%. This means by 2026 you would have $105,407.74 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 1957 was 28.100 and the CPI in 2026 was 324.122.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 69 years.

Adjusted for inflation, the $105,407.74 nominal end value of the original $100 investment would have a real return of roughly $9,038.40 in 1957 dollars. This means the inflation-adjusted return is 9,038.40% as opposed to the original 105,307.74%.

For more information on inflation, see our U.S. inflation calculator for 1957.

Full monthly data

The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 828-month period between 1957 and 2026.

Note that data shown is the monthly average closing price. Returns include dividends.

YearMonthReturn (%)Amount ($)CPI
19571-4.00%96.0027.60
195721.62%97.5627.70
195732.64%100.1427.80
195744.16%104.3127.90
195751.95%106.3428.00
195762.32%108.8128.10
19577-5.21%103.1528.30
19578-3.74%99.2928.30
19579-5.90%93.4428.30
195710-1.80%91.7628.30
1957110.32%92.0528.40
1957122.33%94.1928.40
195810.70%94.8528.60
195822.42%97.1528.60
195830.90%98.0228.80
195843.56%101.5028.90
195852.74%104.2828.90
195863.07%107.4828.90
195874.05%111.8429.00
195882.94%115.1328.90
195894.36%120.1528.90
1958103.33%124.1528.90
1958112.16%126.8329.00
1958124.25%132.2328.90
19591-1.27%130.5629.00
195922.81%134.2228.90
195931.94%136.8228.90
195941.77%139.2329.00
19595-0.61%138.3929.00
195964.23%144.2429.10
19597-0.32%143.7829.20
19598-3.70%138.4629.20
195990.18%138.7029.30
1959100.67%139.6329.40
1959113.46%144.4629.40
195912-1.49%142.3229.40
19601-3.61%137.1829.30
19602-1.08%135.7029.40
196031.58%137.8529.40
19604-0.62%136.9929.50
196053.99%142.4529.50
19606-2.20%139.3329.60
196071.49%141.4029.60
19608-2.72%137.5629.60
19609-1.67%135.2529.60
1960103.54%140.0429.80
1960112.69%143.8129.80
1960125.43%151.6229.80
196114.37%158.2529.80
196123.40%163.6229.80
196132.92%168.4029.80
196141.26%170.5329.80
19615-1.08%168.6829.80
19616-0.03%168.6429.80
196173.84%175.1130.00
19618-0.54%174.1629.90
196191.34%176.5030.00
1961104.77%184.9230.00
1961111.16%187.0830.00
196112-3.49%180.5530.00
196211.91%184.0030.00
196220.34%184.6330.10
19623-2.94%179.1930.10
19624-7.19%166.3130.20
19625-11.41%147.3330.20
196262.72%151.3430.20
196273.02%155.9130.30
19628-0.59%154.9930.30
19629-2.86%150.5630.40
1962107.20%161.4030.40
1962114.62%168.8630.40
1962124.15%175.8730.40
196311.60%178.6730.40
19632-0.11%178.4830.40
196334.98%187.3630.50
196342.27%191.6230.50
196350.22%192.0330.50
19636-1.22%189.6930.60
196373.03%195.4430.70
196382.89%201.0930.70
196390.50%202.1030.70
196310-0.31%201.4830.80
1963112.39%206.3030.80
1963123.33%213.1730.90
196411.48%216.3230.90
196422.07%220.8030.90
196431.69%224.5430.90
196441.22%227.2830.90
19645-0.35%226.4830.90
196463.96%235.4631.00
19647-1.23%232.5731.10
196481.97%237.1431.00
196491.97%241.8131.10
1964100.94%244.0831.10
196411-1.49%240.4431.20
1964122.82%247.2231.20
196510.98%249.6331.20
196520.34%250.4731.20
196531.56%254.3731.30
196541.73%258.7831.40
19655-4.51%247.1231.40
196560.10%247.3731.60
196572.12%252.6131.60
196583.60%261.7031.60
196592.50%268.2331.60
1965101.08%271.1231.70
196511-0.21%270.5431.70
1965121.98%275.9031.80
19661-0.43%274.7131.80
19662-3.86%264.1032.00
196633.32%272.8732.10
19664-5.01%259.2132.30
19665-0.56%257.7632.30
196660.02%257.8132.40
19667-5.77%242.9332.50
19668-3.22%235.1032.70
19669-0.56%233.7732.70
1966105.32%246.2032.90
1966110.72%247.9632.90
1966124.13%258.2032.90
196713.73%267.8332.90
196722.63%274.8932.90
196731.99%280.3633.00
196742.06%286.1333.10
19675-0.99%283.2933.20
196761.99%288.9433.30
196771.85%294.2933.40
196781.65%299.1633.50
196790.10%299.4533.60
196710-2.88%290.8233.70
1967113.11%299.8733.80
196712-0.02%299.8233.90
19681-4.26%287.0534.10
19682-1.56%282.5834.20
196837.66%304.2334.30
196842.56%312.0134.40
196852.94%321.1834.50
196860.05%321.3434.70
19687-1.93%315.1334.90
196883.51%326.1835.00
196892.72%335.0435.10
1968101.79%341.0335.30
1968111.29%345.4135.40
196812-3.99%331.6435.50
19691-0.24%330.8535.60
19692-1.91%324.5235.80
196932.27%331.9036.10
196943.51%343.5636.30
19695-4.97%326.4836.40
19696-4.21%312.7536.60
19697-0.28%311.8736.80
196980.63%313.8337.00
196991.35%318.0537.10
1969101.00%321.2237.30
196911-5.03%305.0837.50
196912-0.59%303.2837.70
19701-3.20%293.5937.80
197022.01%299.49-
19703-2.75%291.26-
19704-11.20%258.64-
19705-0.27%257.95-
197060.52%259.29-
197073.26%267.74-
197086.32%284.66-
197092.49%291.75-
1970100.21%292.35-
1970117.16%313.28-
1970124.11%326.16-
197114.15%339.70-
197122.83%349.32-
197133.67%362.15-
19714-1.11%358.14-
19715-1.60%352.42-
19716-0.46%350.79-
19717-1.52%345.47-
197182.49%354.06-
19719-1.86%347.46-
197110-4.37%332.27-
1971117.16%356.07-
1971124.42%371.82-
197212.09%379.58-
197222.62%389.52-
197231.26%394.43-
19724-0.78%391.37-
197250.52%393.39-
19726-0.50%391.40-
197273.78%406.21-
19728-1.21%401.30-
197290.42%402.97-
1972105.25%424.14-
1972112.31%433.95-
1972120.99%438.24-
19731-3.33%423.67-
19732-1.35%417.97-
19733-1.63%411.14-
19734-2.57%400.58-
19735-1.99%392.61-
197361.21%397.36-
19737-1.64%390.86-
197382.00%398.66-
197394.24%415.54-
197310-6.85%387.07-
197311-6.81%360.73-
1973121.70%366.86-
19741-2.47%357.79-
197424.57%374.16-
19743-4.82%356.13-
19744-2.71%346.50-
197450.46%348.08-
19746-11.35%308.59-
19747-3.76%296.97-
19748-10.01%267.23-
197492.38%273.58-
1974103.74%283.82-
197411-6.09%266.53-
1974128.63%289.54-
1975110.81%320.84-
197524.97%336.79-
197531.49%341.80-
197546.71%364.75-
197552.89%375.30-
197560.43%376.92-
19757-7.00%350.55-
19758-0.85%347.57-
197594.97%364.84-
1975102.04%372.29-
197511-1.18%367.90-
1975129.55%403.02-
197614.18%419.86-
197620.80%423.23-
197631.10%427.86-
19764-0.38%426.22-
197650.90%430.06-
197662.67%441.52-
19767-0.56%439.05-
197682.44%449.75-
19769-3.11%435.77-
197610-0.37%434.17-
1976113.79%450.61-
197612-0.54%448.19-
19771-2.37%437.58-
19772-0.05%437.34-
19773-1.19%432.12-
197740.06%432.40-
197750.90%436.29-
197761.28%441.88-
19777-2.08%432.70-
19778-1.18%427.61-
19779-2.20%418.22-
1977100.98%422.32-
197711-0.08%421.98-
197712-3.39%407.67-
19781-0.97%403.71-
197820.27%404.78-
197834.83%424.33-
197845.50%447.69-
197850.67%450.71-
19786-0.06%450.43-
197877.33%483.43-
197880.40%485.37-
19789-2.77%471.90-
197810-5.44%446.24-
1978111.92%454.82-
1978124.19%473.86-
19791-1.06%468.85-
197922.34%479.83-
197932.43%491.49-
19794-1.89%482.19-
197952.42%493.85-
197961.42%500.86-
197975.01%525.98-
197981.54%534.08-
19799-3.35%516.17-
197910-0.32%514.51-
1979114.40%537.17-
1979123.31%554.96-
198014.40%579.36-
19802-8.78%528.50-
19803-1.16%522.36-
198045.04%548.67-
198056.86%586.32-
198064.97%615.46-
198073.50%637.03-
198082.84%655.09-
198093.32%676.87-
1980104.61%708.11-
198011-1.24%699.30-
1980120.01%699.37-
19811-3.07%677.89-
198124.14%705.98-
198131.29%715.11-
19814-1.62%703.55-
198150.86%709.58-
19816-2.02%695.28-
198170.80%700.86-
19818-8.30%642.67-
198191.73%653.77-
1981103.04%673.67-
1981111.18%681.61-
198112-4.80%648.87-
19821-1.91%636.45-
19822-2.74%618.98-
198235.47%652.83-
198240.57%656.55-
19825-5.27%621.95-
198260.24%623.46-
198270.79%628.41-
1982812.10%704.43-
198298.88%766.99-
1982104.50%801.51-
1982111.36%812.37-
1982123.93%844.26-
198312.13%862.25-
198323.87%895.58-
198334.20%933.17-
198344.42%974.45-
198351.75%991.54-
198360.71%998.56-
19837-2.41%974.52-
198383.31%1,006.82-
198390.65%1,013.34-
198310-1.14%1,001.77-
198311-0.13%1,000.49-
1983121.58%1,016.26-
19841-5.11%964.30-
198420.44%968.57-
198430.51%973.48-
19844-0.25%971.02-
19845-1.85%953.08-
19846-0.91%944.42-
198479.21%1,031.37-
198481.41%1,045.88-
19849-0.41%1,041.56-
1984101.29%1,054.96-
198411-0.71%1,047.49-
1984124.70%1,096.70-
198515.79%1,160.17-
19852-0.48%1,154.62-
198531.02%1,166.45-
198542.74%1,198.36-
198552.51%1,228.45-
198562.25%1,256.06-
19857-1.85%1,232.88-
19858-1.88%1,209.64-
198591.50%1,227.73-
1985106.42%1,306.56-
1985115.29%1,375.73-
1985120.75%1,386.08-
198615.70%1,465.04-
198626.18%1,555.62-
198632.74%1,598.27-
198640.49%1,606.13-
198653.13%1,656.46-
19866-1.80%1,626.57-
198672.28%1,663.67-
19868-2.46%1,622.81-
19869-0.09%1,621.35-
1986103.53%1,678.63-
1986111.71%1,707.32-
1986126.67%1,821.26-
198716.46%1,938.94-
198724.38%2,023.80-
19873-0.86%2,006.47-
198740.17%2,009.94-
198754.50%2,100.35-
198763.12%2,165.93-
198776.45%2,305.72-
19878-3.03%2,235.84-
19879-11.85%1,970.81-
198710-12.30%1,728.33-
198711-1.33%1,705.26-
1987124.25%1,777.68-
198813.33%1,836.85-
198823.23%1,896.22-
19883-0.89%1,879.42-
19884-2.19%1,838.29-
198856.00%1,948.55-
19886-0.31%1,942.57-
19887-1.72%1,909.19-
198881.93%1,945.98-
198893.80%2,019.96-
198810-2.02%1,979.15-
1988112.33%2,025.19-
1988123.51%2,096.33-
198913.30%2,165.50-
19892-0.16%2,162.00-
198933.56%2,239.07-
198944.12%2,331.22-
198953.39%2,410.31-
198962.80%2,477.80-
198974.69%2,594.03-
198980.46%2,605.84-
198990.29%2,613.30-
198910-1.81%2,565.91-
1989112.74%2,636.13-
198912-2.21%2,577.84-
19901-2.53%2,512.69-
199022.71%2,580.72-
199030.20%2,585.77-
199043.85%2,685.35-
199053.17%2,770.48-
199060.17%2,775.18-
19907-7.86%2,557.01-
19908-4.34%2,446.01-
19909-2.32%2,389.37-
1990102.98%2,460.66-
1990114.59%2,573.52-
199012-0.69%2,555.89-
1991111.61%2,852.55-
199123.04%2,939.40-
199132.26%3,005.79-
19914-0.18%3,000.42-
199150.35%3,010.83-
199160.78%3,034.33-
199172.68%3,115.61-
19918-0.30%3,106.17-
199190.18%3,111.81-
1991100.02%3,112.30-
1991110.94%3,141.41-
1991127.36%3,372.55-
19921-0.60%3,352.29-
19922-1.01%3,318.35-
199230.26%3,327.12-
199242.07%3,395.94-
19925-1.33%3,350.80-
199261.91%3,414.88-
199270.94%3,447.03-
199280.38%3,460.07-
19929-1.18%3,419.17-
1992102.76%3,513.43-
1992113.27%3,628.37-
1992120.14%3,633.55-
199311.72%3,696.20-
199322.15%3,775.68-
19933-1.34%3,725.02-
199340.72%3,752.01-
199350.87%3,784.47-
199360.06%3,786.78-
199371.76%3,853.52-
199381.35%3,905.74-
199391.24%3,954.24-
1993100.01%3,954.54-
1993110.89%3,989.62-
1993121.74%4,058.88-
19941-0.08%4,055.81-
19942-1.42%3,998.06-
19943-3.35%3,864.27-
199441.06%3,905.16-
199451.11%3,948.44-
19946-0.52%3,927.95-
199473.08%4,049.01-
199480.82%4,082.11-
19949-0.44%4,063.99-
199410-0.37%4,048.95-
199411-1.03%4,007.42-
1994122.45%4,105.65-
199513.82%4,262.45-
199522.56%4,371.49-
199533.22%4,512.06-
199543.35%4,663.11-
199553.18%4,811.33-
199563.55%4,982.01-
199570.51%5,007.57-
199583.72%5,193.73-
199590.91%5,241.13-
1995102.36%5,364.74-
1995113.39%5,546.56-
1995120.16%5,555.57-
199615.90%5,883.60-
19962-0.20%5,871.79-
199630.20%5,883.36-
199642.35%6,021.90-
199651.28%6,098.90-
19966-3.48%5,886.86-
199673.08%6,067.93-
199682.02%6,190.73-
199694.12%6,445.75-
1996105.05%6,771.40-
1996111.20%6,852.54-
1996123.26%7,075.76-
199714.36%7,384.35-
19972-0.62%7,338.29-
19973-3.41%7,088.40-
199749.22%7,741.80-
199755.34%8,154.97-
199765.74%8,622.73-
199770.35%8,652.72-
199781.19%8,755.86-
199791.65%8,899.93-
199710-1.15%8,797.40-
1997112.63%9,029.17-
1997120.24%9,050.58-
199816.40%9,630.01-
199825.31%10,141.64-
199833.41%10,487.03-
19984-0.22%10,463.77-
199850.12%10,475.95-
199864.47%10,943.98-
19987-6.97%10,181.08-
19988-4.90%9,682.36-
199891.29%9,807.35-
19981010.97%10,883.64-
1998114.10%11,330.32-
1998125.05%11,902.24-
19991-0.07%11,894.30-
199922.92%12,242.03-
199934.25%12,762.32-
19994-0.10%12,749.71-
19995-0.61%12,671.71-
199964.52%13,244.77-
19997-3.77%12,744.86-
19998-0.60%12,668.65-
19999-1.27%12,507.44-
1999107.11%13,396.21-
1999112.81%13,772.48-
199912-0.12%13,756.10-
20001-2.48%13,415.21-
200023.94%13,943.90-
200031.42%14,142.55-
20004-2.84%13,741.07-
200053.16%14,175.77-
200060.85%14,296.31-
200070.94%14,430.66-
20008-1.08%14,274.86-
20009-5.21%13,530.53-
200010-0.77%13,426.00-
200011-3.32%12,980.25-
2000120.46%13,039.31-
20011-2.14%12,760.76-
20012-9.08%11,602.09-
200130.45%11,654.15-
200146.88%12,455.88-
20015-2.39%12,158.35-
20016-2.66%11,834.91-
20017-2.05%11,592.79-
20018-11.25%10,288.91-
200193.18%10,616.51-
2001105.05%11,152.98-
2001111.47%11,316.49-
200112-0.30%11,282.80-
20021-3.35%10,904.51-
200224.95%11,443.77-
20023-3.51%11,041.59-
20024-2.82%10,730.17-
20025-5.92%10,094.84-
20026-10.76%9,008.79-
200271.14%9,111.38-
20028-4.76%8,677.89-
20029-1.37%8,559.26-
2002106.63%9,126.36-
200211-1.04%9,031.89-
200212-0.22%9,011.79-
20031-6.41%8,433.70-
200321.31%8,544.01-
200335.29%8,995.63-
200345.31%9,473.50-
200355.70%10,013.88-
200360.60%10,073.56-
20037-0.17%10,056.80-
200383.16%10,374.72-
200392.03%10,585.10-
2003101.21%10,713.24-
2003113.06%11,041.47-
2003124.93%11,586.37-
200411.09%11,712.27-
20042-1.57%11,528.95-
200430.97%11,640.57-
20044-2.56%11,342.07-
200452.86%11,666.19-
20046-2.24%11,405.01-
20047-1.39%11,246.76-
200482.78%11,559.71-
200490.10%11,571.57-
2004104.77%12,123.99-
2004112.73%12,454.66-
200412-1.35%12,286.62-
200511.68%12,493.19-
20052-0.26%12,461.26-
20053-2.41%12,161.07-
200541.34%12,323.53-
200552.18%12,592.27-
200561.81%12,819.91-
200570.31%12,859.66-
200580.28%12,895.62-
20059-2.62%12,557.21-
2005103.96%13,054.67-
2005112.14%13,334.58-
2005121.47%13,530.17-
20061-0.02%13,527.92-
200621.49%13,728.96-
200630.80%13,838.56-
20064-0.79%13,729.70-
20065-2.71%13,358.21-
200660.72%13,454.39-
200672.29%13,762.73-
200682.53%14,111.09-
200693.62%14,621.34-
2006102.00%14,914.00-
2006112.15%15,234.40-
2006120.69%15,339.95-
200711.60%15,584.78-
20072-2.47%15,199.23-
200734.18%15,834.59-
200743.39%16,371.67-
200750.34%16,428.13-
200760.57%16,522.53-
20077-4.20%15,828.40-
200783.07%16,315.08-
200792.99%16,803.17-
200710-4.81%15,995.56-
2007111.24%16,193.62-
200712-6.64%15,119.14-
20081-1.56%14,882.68-
20082-2.63%14,491.77-
200834.24%15,106.77-
200842.56%15,493.90-
20085-4.25%14,835.94-
20086-6.08%13,934.14-
200872.11%14,228.22-
20088-4.85%13,538.50-
20089-20.19%10,804.60-
200810-8.61%9,874.82-
200811-0.35%9,840.14-
200812-1.10%9,732.34-
20091-6.70%9,080.03-
20092-5.69%8,563.60-
2009312.32%9,618.79-
200946.66%10,259.38-
200952.87%10,553.71-
200961.28%10,688.55-
200978.12%11,556.54-
200983.65%11,978.39-
200992.40%12,266.25-
2009102.09%12,523.14-
2009112.23%12,801.89-
2009121.36%12,975.61-
20101-2.90%12,599.51-
201025.94%13,348.31-
201034.09%13,893.98-
20104-5.88%13,076.68-
20105-3.54%12,613.30-
20106-0.16%12,593.23-
201070.86%12,701.99-
201083.37%13,130.19-
201094.58%13,731.22-
2010102.49%14,073.25-
2010113.71%14,595.90-
2010123.46%15,101.23-
201113.15%15,577.05-
20112-1.11%15,403.77-
201132.22%15,745.88-
201140.66%15,849.68-
20115-3.66%15,269.17-
201163.10%15,742.78-
20117-10.40%14,105.43-
20118-0.79%13,994.10-
201193.02%14,416.57-
2011101.77%14,671.33-
2011111.55%14,899.43-
2011124.78%15,612.01-
201214.16%16,261.87-
201222.88%16,730.84-
20123-0.04%16,724.45-
20124-3.09%16,207.50-
20125-1.15%16,020.73-
201262.92%16,488.71-
201273.39%17,047.29-
201283.02%17,562.32-
20129-0.22%17,524.19-
201210-2.84%17,026.94-
2012112.18%17,397.37-
2012124.27%18,140.02-
201312.33%18,563.23-
201322.72%19,068.60-
201331.45%19,345.82-
201344.57%20,230.75-
20135-1.12%20,004.62-
201363.25%20,655.66-
201370.25%20,707.82-
201381.19%20,954.76-
201392.12%21,398.49-
2013103.86%22,224.47-
2013111.52%22,562.65-
2013120.97%22,781.01-
20141-0.13%22,751.39-
201422.72%23,370.74-
201430.20%23,417.89-
201441.53%23,776.66-
201453.20%24,536.63-
201461.50%24,903.66-
20147-0.43%24,797.33-
201481.78%25,238.24-
20149-2.65%24,570.28-
2014105.71%25,972.18-
2014110.63%26,136.81-
201412-1.11%25,846.68-
201512.83%26,577.47-
201520.06%26,592.19-
201530.88%26,825.77-
201540.98%27,088.37-
20155-0.44%26,970.40-
20156-0.08%26,948.93-
20157-2.42%26,295.58-
20158-4.51%25,110.41-
201594.32%26,194.46-
2015102.93%26,962.60-
201511-1.10%26,665.21-
201512-6.42%24,953.41-
20161-0.55%24,816.19-
201626.36%26,395.17-
201632.83%27,142.49-
20164-0.30%27,059.88-
201651.07%27,348.47-
201663.30%28,250.27-
201671.20%28,589.06-
20168-0.44%28,463.65-
20169-0.51%28,319.63-
2016101.20%28,659.79-
2016113.95%29,790.70-
2016121.44%30,218.98-
201712.58%30,997.55-
201721.75%31,539.78-
20173-0.15%31,491.21-
201741.69%32,024.16-
201751.78%32,593.04-
201760.99%32,915.02-
201770.25%32,996.59-
201781.65%33,542.11-
201792.73%34,459.42-
2017101.59%35,007.17-
2017112.88%36,016.60-
2017124.86%37,767.69-
20181-2.89%36,677.46-
201820.06%36,701.14-
20183-1.66%36,090.45-
201841.96%36,798.40-
201852.11%37,575.94-
201861.58%38,169.92-
201872.45%39,105.39-
201881.68%39,762.26-
20189-3.85%38,231.82-
201810-2.08%37,438.09-
201811-5.56%35,355.59-
2018121.74%35,969.23-
201915.83%38,065.84-
201921.95%38,807.37-
201933.72%40,252.26-
20194-1.53%39,635.68-
201951.40%40,192.46-
201963.83%41,730.76-
20197-3.13%40,422.75-
201983.09%41,669.88-
201990.01%41,673.97-
2019104.43%43,521.66-
2019112.47%44,596.35-
2019123.35%46,088.72-
202010.12%46,144.99-
20202-18.92%37,415.41-
202034.32%39,031.24-
202045.89%41,329.15-
202056.51%44,018.97-
202063.48%45,549.26-
202075.89%48,233.70-
20208-0.63%47,931.28-
202091.73%48,758.57-
2020103.95%50,686.54-
2020114.26%52,845.83-
2020122.80%54,323.03-
202112.49%55,676.50-
202120.82%56,133.81-
202136.02%59,513.90-
202140.76%59,966.34-
202151.81%61,051.98-
202163.07%62,925.18-
202172.19%64,300.20-
20218-0.08%64,245.87-
202190.45%64,536.37-
2021104.74%67,598.46-
2021110.27%67,777.86-
202112-2.05%66,387.09-
20221-2.90%64,460.16-
20222-0.89%63,884.80-
202230.12%63,960.38-
20224-7.87%58,924.95-
20225-3.37%56,939.54-
202260.46%57,204.13-
202276.45%60,892.31-
20228-7.28%56,460.93-
20229-3.09%54,715.62-
2022105.29%57,607.39-
2022110.01%57,613.64-
2022121.38%58,406.66-
202313.15%60,244.71-
20232-2.59%58,687.12-
202334.00%61,032.39-
202340.74%61,482.62-
202354.94%64,521.21-
202363.88%67,022.08-
20237-1.00%66,353.44-
20238-0.95%65,720.71-
20239-3.04%63,724.57-
2023104.60%66,656.99-
2023115.18%70,106.66-
2023122.91%72,148.05-
202414.20%75,177.74-
202423.28%77,645.17-
20243-1.01%76,861.63-
202442.52%78,796.01-
202453.55%81,593.73-
202462.38%83,535.39-
20247-0.97%82,724.58-
202482.72%84,976.44-
202493.15%87,654.80-
2024102.48%89,830.20-
2024111.47%91,150.99-
202412-0.42%90,769.51-
202511.09%91,763.00-
20252-5.77%86,468.80-
20253-5.42%81,781.12-
202548.34%88,601.47-
202553.88%92,038.91-
202564.53%96,205.76-
202571.89%98,022.90-
202582.83%100,800.07-
202592.40%103,222.29-
2025100.17%103,402.30-
2025111.76%105,223.17-
2025120.18%105,407.74-
Click to show 822 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 1957. This would result in a final amount of $102,127.29, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $105,407.74).

YearMonthContribution ($)Amount ($)
195714.163.98
195724.168.26
195734.1612.73
195744.1617.58
195754.1622.15
195764.1626.91
195774.1629.44
195784.1632.33
195794.1634.33
1957104.1637.78
1957114.1642.06
1957124.1647.28
195814.1651.79
195824.1657.28
195834.1661.98
195844.1668.48
195854.1674.61
195864.1681.18
195874.1688.78
195884.1695.67
195894.16104.17
1958104.16111.92
1958114.16118.58
1958124.32128.11
19591-126.49
19592-130.04
19593-132.56
19594-134.90
19595-134.08
19596-139.75
19597-139.31
19598-134.15
19599-134.38
195910-135.28
195911-139.97
195912-137.89
19601-132.91
19602-131.48
19603-133.56
19604-132.73
19605-138.02
19606-134.99
19607-137.00
19608-133.28
19609-131.04
196010-135.68
196011-139.34
196012-146.90
19611-153.32
19612-158.53
19613-163.16
19614-165.22
19615-163.43
19616-163.39
19617-169.66
19618-168.74
19619-171.01
196110-179.17
196111-181.25
196112-174.93
19621-178.27
19622-178.88
19623-173.61
19624-161.14
19625-142.75
19626-146.63
19627-151.06
19628-150.16
19629-145.87
196210-156.38
196211-163.61
196212-170.39
19631-173.11
19632-172.93
19633-181.53
19634-185.65
19635-186.06
19636-183.78
19637-189.35
19638-194.83
19639-195.81
196310-195.21
196311-199.88
196312-206.53
19641-209.59
19642-213.93
19643-217.55
19644-220.21
19645-219.44
19646-228.13
19647-225.33
19648-229.76
19649-234.29
196410-236.48
196411-232.96
196412-239.53
19651-241.87
19652-242.68
19653-246.46
19654-250.73
19655-239.43
19656-239.67
19657-244.75
19658-253.55
19659-259.88
196510-262.68
196511-262.12
196512-267.31
19661-266.16
19662-255.88
19663-264.38
19664-251.14
19665-249.74
19666-249.78
19667-235.37
19668-227.78
19669-226.50
196610-238.54
196611-240.24
196612-250.17
19671-259.50
19672-266.33
19673-271.64
19674-277.23
19675-274.48
19676-279.95
19677-285.13
19678-289.85
19679-290.13
196710-281.77
196711-290.54
196712-290.49
19681-278.12
19682-273.78
19683-294.76
19684-302.30
19685-311.19
19686-311.34
19687-305.32
19688-316.03
19689-324.62
196810-330.41
196811-334.66
196812-321.32
19691-320.56
19692-314.42
19693-321.57
19694-332.87
19695-316.32
19696-303.02
19697-302.16
19698-304.06
19699-308.15
196910-311.23
196911-295.58
196912-293.84
19701-284.45
19702-290.17
19703-282.20
19704-250.60
19705-249.92
19706-251.23
19707-259.40
19708-275.80
19709-282.67
197010-283.25
197011-303.53
197012-316.01
19711-329.12
19712-338.44
19713-350.88
19714-346.99
19715-341.45
19716-339.87
19717-334.72
19718-343.04
19719-336.65
197110-321.93
197111-344.99
197112-360.25
19721-367.77
19722-377.40
19723-382.15
19724-379.19
19725-381.14
19726-379.22
19727-393.57
19728-388.81
19729-390.43
197210-410.94
197211-420.44
197212-424.60
19731-410.48
19732-404.96
19733-398.35
19734-388.11
19735-380.39
19736-384.99
19737-378.70
19738-386.25
19739-402.61
197310-375.02
197311-349.50
197312-355.44
19741-346.65
19742-362.51
19743-345.05
19744-335.71
19745-337.25
19746-298.98
19747-287.73
19748-258.91
19749-265.07
197410-274.99
197411-258.24
197412-280.53
19751-310.85
19752-326.31
19753-331.16
19754-353.39
19755-363.62
19756-365.19
19757-339.64
19758-336.75
19759-353.49
197510-360.71
197511-356.45
197512-390.48
19761-406.79
19762-410.05
19763-414.55
19764-412.96
19765-416.68
19766-427.78
19767-425.38
19768-435.75
19769-422.21
197610-420.66
197611-436.59
197612-434.24
19771-423.96
19772-423.73
19773-418.67
19774-418.94
19775-422.71
19776-428.13
19777-419.23
19778-414.31
19779-405.20
197710-409.18
197711-408.85
197712-394.99
19781-391.15
19782-392.19
19783-411.13
19784-433.76
19785-436.68
19786-436.41
19787-468.39
19788-470.26
19789-457.22
197810-432.36
197811-440.67
197812-459.11
19791-454.26
19792-464.90
19793-476.20
19794-467.18
19795-478.48
19796-485.27
19797-509.61
19798-517.46
19799-500.11
197910-498.50
197911-520.45
197912-537.69
19801-561.33
19802-512.06
19803-506.11
19804-531.59
19805-568.07
19806-596.31
19807-617.20
19808-634.71
19809-655.81
198010-686.07
198011-677.53
198012-677.60
19811-656.80
19812-684.01
19813-692.86
19814-681.65
19815-687.50
19816-673.64
19817-679.04
19818-622.67
19819-633.42
198110-652.70
198111-660.40
198112-628.67
19821-616.64
19822-599.72
19823-632.52
19824-636.12
19825-602.59
19826-604.06
19827-608.86
19828-682.51
19829-743.12
198210-776.56
198211-787.09
198212-817.99
19831-835.41
19832-867.71
19833-904.13
19834-944.12
19835-960.68
19836-967.48
19837-944.19
19838-975.48
19839-981.80
198310-970.60
198311-969.35
198312-984.63
19841-934.29
19842-938.43
19843-943.19
19844-940.80
19845-923.41
19846-915.03
19847-999.27
19848-1,013.33
19849-1,009.15
198410-1,022.13
198411-1,014.89
198412-1,062.57
19851-1,124.06
19852-1,118.69
19853-1,130.15
19854-1,161.07
19855-1,190.22
19856-1,216.97
19857-1,194.51
19858-1,171.99
19859-1,189.52
198510-1,265.90
198511-1,332.92
198512-1,342.94
19861-1,419.45
19862-1,507.21
19863-1,548.53
19864-1,556.15
19865-1,604.90
19866-1,575.95
19867-1,611.90
19868-1,572.31
19869-1,570.89
198610-1,626.39
198611-1,654.19
198612-1,764.58
19871-1,878.60
19872-1,960.82
19873-1,944.02
19874-1,947.38
19875-2,034.99
19876-2,098.52
19877-2,233.96
19878-2,166.26
19879-1,909.47
198710-1,674.54
198711-1,652.19
198712-1,722.35
19881-1,779.68
19882-1,837.20
19883-1,820.93
19884-1,781.08
19885-1,887.91
19886-1,882.12
19887-1,849.77
19888-1,885.42
19889-1,957.10
198810-1,917.56
198811-1,962.16
198812-2,031.09
19891-2,098.11
19892-2,094.72
19893-2,169.39
19894-2,258.67
19895-2,335.29
19896-2,400.69
19897-2,513.30
19898-2,524.75
19899-2,531.97
198910-2,486.05
198911-2,554.09
198912-2,497.61
19901-2,434.49
19902-2,500.40
19903-2,505.30
19904-2,601.78
19905-2,684.25
19906-2,688.81
19907-2,477.44
19908-2,369.89
19909-2,315.01
199010-2,384.08
199011-2,493.43
199012-2,476.35
19911-2,763.77
19912-2,847.92
19913-2,912.25
19914-2,907.04
19915-2,917.13
19916-2,939.89
19917-3,018.65
19918-3,009.50
19919-3,014.97
199110-3,015.44
199111-3,043.64
199112-3,267.60
19921-3,247.96
19922-3,215.08
19923-3,223.58
19924-3,290.25
19925-3,246.52
19926-3,308.60
19927-3,339.76
19928-3,352.39
19929-3,312.76
199210-3,404.09
199211-3,515.44
199212-3,520.47
19931-3,581.17
19932-3,658.17
19933-3,609.09
19934-3,635.24
19935-3,666.69
19936-3,668.93
19937-3,733.60
19938-3,784.18
19939-3,831.18
199310-3,831.47
199311-3,865.46
199312-3,932.56
19941-3,929.58
19942-3,873.63
19943-3,744.01
19944-3,783.63
19945-3,825.55
19946-3,805.70
19947-3,923.00
19948-3,955.07
19949-3,937.51
199410-3,922.94
199411-3,882.71
199412-3,977.88
19951-4,129.80
19952-4,235.44
19953-4,371.64
19954-4,517.99
19955-4,661.59
19956-4,826.96
19957-4,851.73
19958-5,032.10
19959-5,078.02
199510-5,197.78
199511-5,373.94
199512-5,382.67
19961-5,700.49
19962-5,689.05
19963-5,700.26
19964-5,834.49
19965-5,909.09
19966-5,703.66
19967-5,879.09
19968-5,998.06
19969-6,245.15
199610-6,560.66
199611-6,639.27
199612-6,855.55
19971-7,154.53
19972-7,109.91
19973-6,867.80
19974-7,500.86
19975-7,901.17
19976-8,354.38
19977-8,383.43
19978-8,483.36
19979-8,622.95
199710-8,523.61
199711-8,748.17
199712-8,768.91
19981-9,330.31
19982-9,826.02
19983-10,160.66
19984-10,138.12
19985-10,149.93
19986-10,603.39
19987-9,864.23
19988-9,381.03
19989-9,502.13
199810-10,544.93
199811-10,977.70
199812-11,531.82
19991-11,524.13
19992-11,861.04
19993-12,365.14
19994-12,352.92
19995-12,277.35
19996-12,832.57
19997-12,348.22
19998-12,274.38
19999-12,118.19
199910-12,979.30
199911-13,343.86
199912-13,327.99
20001-12,997.71
20002-13,509.94
20003-13,702.41
20004-13,313.43
20005-13,734.60
20006-13,851.39
20007-13,981.55
20008-13,830.60
20009-13,109.44
200010-13,008.16
200011-12,576.28
200012-12,633.51
20011-12,363.62
20012-11,241.02
20013-11,291.45
20014-12,068.23
20015-11,779.96
20016-11,466.59
20017-11,232.00
20018-9,968.70
20019-10,286.11
200110-10,805.88
200111-10,964.30
200112-10,931.66
20021-10,565.15
20022-11,087.62
20023-10,697.95
20024-10,396.23
20025-9,780.68
20026-8,728.42
20027-8,827.82
20028-8,407.82
20029-8,292.88
200210-8,842.33
200211-8,750.81
200212-8,731.33
20031-8,171.23
20032-8,278.10
20033-8,715.67
20034-9,178.67
20035-9,702.24
20036-9,760.05
20037-9,743.82
20038-10,051.84
20039-10,255.67
200310-10,379.83
200311-10,697.84
200312-11,225.78
20041-11,347.77
20042-11,170.15
20043-11,278.29
20044-10,989.09
20045-11,303.12
20046-11,050.07
20047-10,896.74
20048-11,199.96
20049-11,211.45
200410-11,746.67
200411-12,067.06
200412-11,904.24
20051-12,104.38
20052-12,073.44
20053-11,782.60
20054-11,940.00
20055-12,200.38
20056-12,420.94
20057-12,459.44
20058-12,494.29
20059-12,166.41
200510-12,648.39
200511-12,919.59
200512-13,109.09
20061-13,106.91
20062-13,301.69
20063-13,407.89
20064-13,302.41
20065-12,942.48
20066-13,035.67
20067-13,334.42
20068-13,671.93
20069-14,166.30
200610-14,449.86
200611-14,760.28
200612-14,862.54
20071-15,099.76
20072-14,726.20
20073-15,341.80
20074-15,862.15
20075-15,916.86
20076-16,008.32
20077-15,335.80
20078-15,807.33
20079-16,280.23
200710-15,497.75
200711-15,689.65
200712-14,648.61
20081-14,419.51
20082-14,040.76
20083-14,636.62
20084-15,011.70
20085-14,374.22
20086-13,500.49
20087-13,785.42
20088-13,117.17
20089-10,468.34
200810-9,567.50
200811-9,533.90
200812-9,429.45
20091-8,797.44
20092-8,297.09
20093-9,319.44
20094-9,940.10
20095-10,225.26
20096-10,355.91
20097-11,196.88
20098-11,605.61
20099-11,884.50
200910-12,133.40
200911-12,403.48
200912-12,571.79
20101-12,207.40
20102-12,932.89
20103-13,461.57
20104-12,669.71
20105-12,220.75
20106-12,201.31
20107-12,306.68
20108-12,721.56
20109-13,303.88
201010-13,635.27
201011-14,141.65
201012-14,631.26
20111-15,092.27
20112-14,924.38
20113-15,255.84
20114-15,356.42
20115-14,793.97
20116-15,252.84
20117-13,666.45
20118-13,558.59
20119-13,967.91
201110-14,214.74
201111-14,435.74
201112-15,126.14
20121-15,755.78
20122-16,210.15
20123-16,203.96
20124-15,703.10
20125-15,522.14
20126-15,975.55
20127-16,516.75
20128-17,015.75
20129-16,978.81
201210-16,497.03
201211-16,855.93
201212-17,575.47
20131-17,985.51
20132-18,475.16
20133-18,743.75
20134-19,601.14
20135-19,382.04
20136-20,012.83
20137-20,063.36
20138-20,302.61
20139-20,732.53
201310-21,532.81
201311-21,860.46
201312-22,072.03
20141-22,043.33
20142-22,643.41
20143-22,689.08
20144-23,036.69
20145-23,773.01
20146-24,128.62
20147-24,025.60
20148-24,452.78
20149-23,805.62
201410-25,163.88
201411-25,323.40
201412-25,042.29
20151-25,750.34
20152-25,764.60
20153-25,990.91
20154-26,245.34
20155-26,131.04
20156-26,110.23
20157-25,477.22
20158-24,328.94
20159-25,379.24
201510-26,123.48
201511-25,835.35
201512-24,176.82
20161-24,043.87
20162-25,573.71
20163-26,297.77
20164-26,217.73
20165-26,497.34
20166-27,371.07
20167-27,699.32
20168-27,577.81
20169-27,438.28
201610-27,767.85
201611-28,863.56
201612-29,278.51
20171-30,032.86
20172-30,558.21
20173-30,511.15
20174-31,027.51
20175-31,578.69
20176-31,890.66
20177-31,969.68
20178-32,498.23
20179-33,386.99
201710-33,917.70
201711-34,895.71
201712-36,592.30
20181-35,536.00
20182-35,558.95
20183-34,967.25
20184-35,653.18
20185-36,406.52
20186-36,982.01
20187-37,888.37
20188-38,524.80
20189-37,041.99
201810-36,272.95
201811-34,255.27
201812-34,849.81
20191-36,881.17
20192-37,599.63
20193-38,999.54
20194-38,402.15
20195-38,941.61
20196-40,432.04
20197-39,164.73
20198-40,373.05
20199-40,377.01
201910-42,167.20
201911-43,208.44
201912-44,654.37
20201-44,708.88
20202-36,250.99
20203-37,816.53
20204-40,042.92
20205-42,649.03
20206-44,131.69
20207-46,732.60
20208-46,439.58
20209-47,241.13
202010-49,109.10
202011-51,201.18
202012-52,632.41
20211-53,943.76
20212-54,386.83
20213-57,661.73
20214-58,100.09
20215-59,151.95
20216-60,966.85
20217-62,299.08
20218-62,246.43
20219-62,527.90
202110-65,494.69
202111-65,668.51
202112-64,321.02
20221-62,454.06
20222-61,896.61
20223-61,969.83
20224-57,091.11
20225-55,167.49
20226-55,423.85
20227-58,997.24
20228-54,703.78
20229-53,012.79
202210-55,814.56
202211-55,820.61
202212-56,588.96
20231-58,369.80
20232-56,860.69
20233-59,132.97
20234-59,569.19
20235-62,513.21
20236-64,936.25
20237-64,288.42
20238-63,675.38
20239-61,741.36
202310-64,582.52
202311-67,924.83
202312-69,902.69
20241-72,838.09
20242-75,228.73
20243-74,469.57
20244-76,343.76
20245-79,054.41
20246-80,935.63
20247-80,150.06
20248-82,331.84
20249-84,926.84
202410-87,034.54
202411-88,314.23
202412-87,944.62
20251-88,907.19
20252-83,777.75
20253-79,235.96
20254-85,844.05
20255-89,174.51
20256-93,211.69
20257-94,972.27
20258-97,663.01
20259-100,009.85
202510-100,184.26
202511-101,948.46
202512-102,127.29
Click to show 822 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.


Ian Webster

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.

Email · LinkedIn · Twitter


S&P 500 from 1957 to 2026
Start Value
Average monthly close
$45.43
End Value
Average monthly close
$6,858.47
Change in price +14,996.79%
+7.54% / yr
Change incl. dividends +105,307.74%
+10.61% / yr
Change incl. dividends, inflation-adjusted +9,038.40%
+6.76% / yr
Final amount, nominal
($100 base)
$105,407.74
Final amount, inflation-adjusted
($100 base)
$9,138.40