S&P 500: $100 in 1900 → $8,899,299.50 in 2022

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Stock market returns since 1900

If you invested $100 in the S&P 500 at the beginning of 1900, you would have about $8,899,299.50 at the end of 2022, assuming you reinvested all dividends. This is a return on investment of 8,899,199.50%, or 9.75% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $7,588,771.93.

This investment result beats inflation during this period for an inflation-adjusted return of about 252,301.88% cumulatively, or 6.60% per year.

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 $8,899,199.50, or 8,899,199.50%. This means by 2022 you would have $8,899,299.50 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 1900 was 8.400 and the CPI in 2022 was 296.171.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 122 years.

Adjusted for inflation, the $8,899,299.50 nominal end value of the original $100 investment would have a real return of roughly $252,301.88 in 1900 dollars. This means the inflation-adjusted return is 252,301.88% as opposed to the original 8,899,199.50%.

For more information on inflation, see our U.S. inflation calculator for 1900.

Full monthly data

The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 1470-month period between 1900 and 2022.

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

YearMonthReturn (%)Amount ($)
190012.10%102.10
190021.11%103.23
190031.59%104.87
19004-4.42%100.24
19005-2.64%97.59
190060.36%97.95
190071.74%99.65
19008-1.98%97.68
190094.02%101.60
1900108.22%109.95
1900116.39%116.98
1900123.28%120.81
190112.90%124.32
190123.93%129.21
190138.73%140.49
19014-4.72%133.85
1901510.29%147.63
19016-6.40%138.18
190171.71%140.55
19018-0.17%140.31
19019-0.80%139.19
1901102.48%142.64
190111-1.28%140.82
1901122.47%144.30
190211.19%146.02
190220.45%146.68
190233.74%152.17
190240.08%152.29
19025-0.27%151.88
190262.58%155.80
190272.99%160.46
190280.53%161.31
19029-2.86%156.71
190210-3.53%151.17
190211-1.97%148.19
1902125.43%156.24
19031-0.26%155.83
19032-3.59%150.23
19033-3.74%144.62
19034-1.57%142.34
19035-5.16%135.00
19036-4.20%129.33
19037-2.80%125.71
19038-1.98%123.22
19039-2.80%119.77
1903100.78%120.71
1903115.08%126.84
1903122.12%129.52
19041-2.26%126.59
190420.13%126.76
190432.91%130.45
19044-1.69%128.25
190450.58%128.99
190464.57%134.89
190473.79%140.00
190484.81%146.73
190496.24%155.89
1904105.76%164.87
1904111.30%167.01
1904122.49%171.17
190514.70%179.22
190523.14%184.84
19053-0.93%183.13
19054-4.63%174.66
190551.49%177.26
190563.45%183.37
190574.02%190.75
190580.62%191.93
190591.70%195.19
190510-0.24%194.72
1905112.76%200.10
1905123.75%207.60
19061-0.43%206.72
19062-2.16%202.25
19063-1.06%200.12
19064-2.34%195.44
190651.63%198.63
19066-2.25%194.15
190677.74%209.17
190683.41%216.30
19069-2.67%210.51
1906102.39%215.54
190611-0.58%214.30
190612-2.51%208.93
19071-2.79%203.11
19072-9.46%183.89
190730.89%185.52
19074-3.05%179.87
19075-2.78%174.87
190764.27%182.34
19077-7.06%169.47
19078-0.59%168.47
19079-10.39%150.96
190710-5.33%142.92
1907115.70%151.06
1907124.82%158.35
19081-3.12%153.41
190824.64%160.52
190835.91%170.01
190845.88%180.00
190850.59%181.07
190864.12%188.53
190874.73%197.45
19088-0.67%196.12
190891.64%199.34
1908107.18%213.66
1908112.65%219.31
1908120.70%220.85
19091-2.50%215.33
190921.75%219.10
190934.87%229.76
190943.70%238.25
190952.13%243.32
190961.79%247.66
190972.77%254.52
190980.45%255.66
190990.74%257.56
190910-0.14%257.21
1909111.54%261.17
190912-1.78%256.52
19101-3.21%248.29
191022.85%255.37
19103-2.04%250.18
19104-1.26%247.02
19105-4.42%236.11
19106-4.64%225.16
191072.87%231.63
191081.11%234.20
191095.03%245.99
1910100.31%246.75
191011-2.37%240.89
1910122.86%247.79
191112.15%253.11
19112-0.75%251.21
19113-0.01%251.19
191142.58%257.66
191152.42%263.89
19116-0.01%263.87
19117-4.37%252.34
19118-5.03%239.66
191191.03%242.12
1911104.46%252.93
1911110.87%255.13
1911120.54%256.51
19121-0.45%255.36
191223.31%263.82
191233.54%273.16
191240.31%274.00
191250.41%275.13
191260.52%276.55
191272.71%284.04
191280.91%286.64
191290.20%287.22
191210-0.71%285.17
191211-3.19%276.08
191212-0.43%274.90
19131-3.12%266.33
19132-1.45%262.47
191330.34%263.37
19134-2.28%257.37
19135-4.56%245.63
191361.85%250.17
191373.16%258.07
191381.42%261.74
19139-2.70%254.68
191310-2.06%249.44
1913110.37%250.37
1913124.60%261.89
191411.79%266.57
19142-1.42%262.77
19143-1.94%257.68
191441.09%260.48
19145-0.03%260.42
19146-5.07%247.21
191470.48%248.40
191480.48%249.58
191490.47%250.76
1914100.47%251.93
191411-3.84%242.27
1914122.24%247.71
19151-0.87%245.56
191523.05%253.05
191537.99%273.28
19154-1.90%268.09
191551.58%272.31
191560.07%272.50
191574.69%285.27
191584.14%297.08
191595.95%314.76
1915103.89%327.01
1915110.59%328.94
191512-1.20%324.98
19161-1.00%321.73
191620.08%322.00
19163-0.67%319.84
191642.64%328.28
191651.41%332.90
19166-0.95%329.74
191671.22%333.75
191684.55%348.93
191693.55%361.33
1916102.75%371.28
191611-3.57%358.04
191612-1.87%351.34
19171-5.15%333.26
191723.64%345.38
19173-0.97%342.02
19174-2.83%332.33
191752.61%341.00
19176-2.19%333.54
19177-2.36%325.68
19178-4.17%312.09
19179-4.74%297.28
191710-7.61%274.66
191711-2.61%267.51
1917126.87%285.90
191813.84%296.87
19182-1.27%293.11
19183-0.21%292.50
191843.94%304.03
191850.85%306.62
191861.51%311.25
191871.62%316.29
191880.14%316.75
191894.91%332.29
1918103.17%342.82
191811-1.39%338.07
191812-0.03%337.97
191910.98%341.29
191923.64%353.72
191933.90%367.51
191947.47%394.95
191953.19%407.55
191963.75%422.85
19197-6.25%396.42
191982.09%404.70
191995.60%427.38
191910-2.48%416.77
191911-2.45%406.54
191912-0.51%404.45
19201-7.77%373.03
192027.58%401.30
19203-0.30%400.08
19204-5.77%376.99
19205-1.20%372.48
192060.42%374.04
19207-3.37%361.43
192084.12%376.32
192090.67%378.85
192010-4.53%361.67
192011-8.39%331.34
1920125.03%348.00
19211-0.11%347.62
19212-1.96%340.81
192131.04%344.35
192143.63%356.87
19215-7.43%330.34
192160.31%331.37
19217-0.61%329.34
192183.10%339.54
192191.96%346.19
1921105.96%366.81
1921114.09%381.80
1921120.39%383.28
192212.72%393.72
192224.28%410.55
192236.58%437.57
192244.38%456.74
19225-0.47%454.61
192261.19%460.01
192274.24%479.51
192283.07%494.23
192292.67%507.40
192210-4.52%484.49
1922110.25%485.71
1922121.85%494.70
192314.75%518.19
192322.08%528.95
19233-3.04%512.85
19234-4.25%491.04
19235-3.31%474.80
19236-2.84%461.33
192371.04%466.10
192381.16%471.49
19239-0.94%467.08
1923103.54%483.59
1923113.92%502.54
1923123.79%521.59
192410.95%526.57
19242-1.42%519.12
19243-1.79%509.85
192440.17%510.73
192452.42%523.08
192465.16%550.06
192473.93%571.69
19248-0.48%568.95
19249-0.81%564.36
1924106.08%598.70
1924115.87%633.84
1924124.58%662.90
192511.29%671.43
19252-2.19%656.74
19253-0.61%652.75
192543.67%676.70
192552.24%691.85
192563.22%714.14
192571.79%726.90
192582.74%746.84
192593.73%774.67
1925103.53%801.99
1925112.04%818.32
1925121.93%834.08
192610.56%838.74
19262-6.38%785.20
19263-2.35%766.71
192641.15%775.56
192655.22%816.02
192664.66%854.01
192674.39%891.53
192681.94%908.85
19269-1.83%892.18
1926101.74%907.68
1926112.71%932.24
192612-0.24%930.00
192712.37%952.07
192721.97%970.79
192732.88%998.73
192743.87%1,037.37
192751.70%1,055.03
192762.62%1,082.72
192775.73%1,144.71
192786.06%1,214.12
19279-1.17%1,199.96
1927102.66%1,231.84
1927112.72%1,265.31
1927120.77%1,275.03
19281-0.83%1,264.47
192825.75%1,337.13
192836.66%1,426.21
192843.44%1,475.20
19285-4.57%1,407.85
192861.09%1,423.21
192873.59%1,474.32
192887.37%1,583.04
192892.36%1,620.37
1928107.08%1,735.12
1928110.70%1,747.18
1928127.69%1,881.58
192910.81%1,896.85
192922.05%1,935.75
19293-0.30%1,929.91
192941.80%1,964.59
192952.20%2,007.84
192969.20%2,192.57
192975.96%2,323.19
192984.24%2,421.79
19299-10.32%2,171.74
192910-26.19%1,602.94
1929114.37%1,673.04
1929121.83%1,703.60
193016.64%1,816.67
193024.12%1,891.55
193036.69%2,018.05
19304-5.65%1,904.00
19305-9.77%1,717.99
19306-1.76%1,687.75
19307-0.90%1,672.63
193080.34%1,678.38
19309-13.37%1,453.96
193010-6.80%1,355.09
193011-6.19%1,271.25
1930123.56%1,316.46
193118.14%1,423.60
193122.38%1,457.49
19313-9.08%1,325.16
19314-9.16%1,203.77
19315-2.68%1,171.52
193163.86%1,216.71
19317-2.49%1,186.48
19318-14.37%1,016.00
19319-12.75%886.46
1931102.05%904.67
193111-18.10%740.93
193112-0.85%734.63
19321-0.05%734.29
193221.14%742.67
19323-23.22%570.19
19324-11.31%505.67
19325-12.39%443.01
193266.18%470.41
1932751.35%711.98
1932810.37%785.78
19329-13.22%681.93
193210-0.34%679.64
193211-2.64%661.70
1932124.57%691.94
19331-11.27%613.99
193320.33%616.03
1933311.24%685.29
1933429.32%886.20
1933517.58%1,042.02
193368.46%1,130.20
19337-4.64%1,077.74
19338-0.48%1,072.52
19339-9.38%971.95
1933102.80%999.17
1933112.32%1,022.37
1933126.08%1,084.58
193417.75%1,168.63
19342-4.80%1,112.55
193432.02%1,135.02
19344-9.83%1,023.48
193451.70%1,040.91
19346-4.36%995.57
19347-3.51%960.58
19348-2.01%941.29
193491.21%952.66
1934103.21%983.25
1934111.06%993.66
1934120.40%997.68
19351-2.62%971.56
19352-5.93%913.95
193537.94%986.49
193548.27%1,068.03
193554.17%1,112.60
193565.60%1,174.90
193577.10%1,258.38
193582.43%1,289.00
193592.99%1,327.49
1935109.71%1,456.39
1935110.29%1,460.67
1935125.82%1,545.71
193616.03%1,638.95
193622.41%1,678.47
193630.41%1,685.43
19364-5.02%1,600.83
193654.57%1,674.05
193666.23%1,778.41
193672.30%1,819.27
193681.44%1,845.54
193695.55%1,947.98
1936103.10%2,008.40
193611-1.40%1,980.28
1936123.46%2,048.77
193713.30%2,116.42
193720.23%2,121.29
19373-5.62%2,001.97
19374-4.09%1,920.18
19375-3.34%1,856.07
193766.39%1,974.75
193771.44%2,003.12
19378-13.76%1,727.43
19379-14.10%1,483.90
193710-8.27%1,361.25
193711-1.02%1,347.38
1937123.24%1,390.98
19381-1.80%1,365.91
19382-6.02%1,283.70
19383-3.44%1,239.50
193841.56%1,258.79
193852.93%1,295.72
1938620.49%1,561.16
193871.06%1,577.67
19388-4.08%1,513.23
1938911.62%1,689.03
1938100.47%1,696.90
193811-2.55%1,653.62
193812-1.16%1,634.40
19391-0.46%1,626.92
193920.27%1,631.25
19393-12.24%1,431.57
193944.10%1,490.21
193952.17%1,522.57
193962.84%1,565.75
19397-1.07%1,549.04
1939811.06%1,720.30
193991.38%1,744.10
193910-1.41%1,719.54
193911-1.97%1,685.61
193912-0.15%1,683.11
19401-0.23%1,679.27
19402-0.15%1,676.83
194031.42%1,700.63
19404-13.34%1,473.75
19405-8.09%1,354.46
194063.87%1,406.87
194072.65%1,444.15
194084.76%1,512.86
194091.47%1,535.03
1940102.85%1,578.79
194011-3.59%1,522.11
1940120.72%1,533.07
19411-5.72%1,445.32
194121.18%1,462.33
19413-2.55%1,425.10
19414-1.59%1,402.47
194154.11%1,460.06
194165.71%1,543.46
194170.08%1,544.63
194180.86%1,557.95
19419-3.43%1,504.45
194110-4.08%1,443.02
194111-5.88%1,358.14
1941122.62%1,393.67
19421-2.48%1,359.12
19422-4.76%1,294.39
19423-3.45%1,249.69
194241.87%1,273.07
194255.75%1,346.25
194264.38%1,405.24
194270.05%1,405.87
194281.66%1,429.24
194297.97%1,543.13
1942102.15%1,576.38
1942111.06%1,593.03
1942126.50%1,696.63
194316.43%1,805.79
194324.01%1,878.29
194333.79%1,949.41
194344.36%2,034.47
194352.18%2,078.81
194362.47%2,130.21
19437-4.54%2,033.52
194382.55%2,085.44
19439-0.50%2,075.00
194310-4.21%1,987.72
1943111.77%2,022.91
1943123.67%2,097.06
19441-0.24%2,091.95
194423.24%2,159.73
19443-1.31%2,131.47
194442.20%2,178.43
194455.14%2,290.45
194463.02%2,359.60
19447-1.06%2,334.69
19448-1.23%2,306.09
194492.88%2,372.59
194410-0.28%2,365.85
1944112.60%2,427.36
1944123.38%2,509.51
194513.73%2,603.20
194520.31%2,611.39
194532.90%2,687.16
194544.16%2,798.97
194552.19%2,860.19
19456-1.70%2,811.70
194570.71%2,831.57
194587.18%3,034.86
194594.51%3,171.85
1945103.61%3,286.23
1945112.02%3,352.77
1945124.30%3,496.90
194610.59%3,517.38
19462-2.68%3,423.19
194636.77%3,654.92
194640.52%3,673.86
19465-0.34%3,661.41
19466-2.55%3,568.14
19467-1.62%3,510.20
19468-14.42%3,003.95
19469-1.87%2,947.71
194610-0.01%2,947.32
1946113.39%3,047.36
1946120.92%3,075.39
194714.27%3,206.70
19472-3.67%3,088.93
19473-3.30%2,987.06
19474-1.36%2,946.36
194753.92%3,061.88
194766.69%3,266.83
19477-1.56%3,215.91
19478-2.17%3,146.22
194793.03%3,241.45
194710-0.73%3,217.79
194711-1.12%3,181.67
194712-0.86%3,154.15
19481-4.45%3,013.84
194821.92%3,071.67
194838.19%3,323.17
194845.33%3,500.30
194854.59%3,660.86
19486-1.96%3,589.22
19487-2.49%3,499.90
19488-0.68%3,476.17
194893.19%3,587.01
194810-5.10%3,404.04
194811-0.16%3,398.66
1948121.63%3,454.04
19491-3.33%3,339.10
194921.49%3,388.90
194930.41%3,402.92
19494-0.18%3,396.70
19495-4.91%3,229.82
194966.26%3,432.12
194974.17%3,575.26
194981.87%3,642.16
194993.14%3,756.59
1949101.95%3,829.74
1949113.24%3,953.89
1949122.63%4,057.88
195012.52%4,160.24
195021.38%4,217.45
195033.39%4,360.26
195043.91%4,530.94
195052.16%4,629.02
19506-6.72%4,317.79
195076.64%4,604.38
195084.11%4,793.56
195094.72%5,019.88
1950100.38%5,038.76
1950110.19%5,048.57
1950128.01%5,453.10
195114.31%5,688.06
19512-1.11%5,624.78
195131.93%5,733.14
195140.63%5,769.17
19515-1.15%5,703.11
195162.37%5,838.08
195174.97%6,127.96
195183.14%6,320.12
195190.03%6,321.91
195110-2.25%6,179.46
1951113.61%6,402.73
1951123.83%6,648.20
19521-1.33%6,559.64
195220.75%6,608.82
195230.20%6,622.24
195240.46%6,652.69
195253.24%6,868.56
195263.37%7,099.81
195270.88%7,162.33
19528-1.11%7,082.92
19529-1.61%6,968.82
1952103.67%7,224.40
1952114.51%7,550.15
1952120.99%7,624.81
19531-0.77%7,565.84
195320.96%7,638.25
19533-4.47%7,296.60
195341.00%7,369.76
19535-3.11%7,140.74
195361.91%7,277.39
195370.90%7,342.80
19538-4.11%7,041.24
195393.52%7,288.86
1953102.71%7,486.26
1953111.84%7,623.76
1953123.02%7,854.30
195412.68%8,064.50
195422.58%8,272.76
195434.45%8,640.94
195444.42%9,023.09
195451.22%9,133.45
195464.46%9,540.56
195472.39%9,768.98
195482.74%10,036.63
195492.71%10,308.69
1954104.30%10,752.19
1954114.95%11,284.78
1954122.17%11,529.49
195513.70%11,956.63
19552-0.44%11,904.45
195533.81%12,357.80
19554-0.08%12,348.07
195556.15%13,106.87
195567.64%14,108.78
19557-0.30%14,066.55
195584.82%14,744.05
19559-4.72%14,047.42
1955107.07%15,040.03
1955111.24%15,226.10
195512-2.39%14,862.54
195610.95%15,003.64
195627.21%16,084.82
195631.48%16,323.32
19564-2.84%15,859.99
19565-0.26%15,818.43
195665.75%16,727.81
19567-0.28%16,680.18
19568-3.09%16,164.96
19569-0.95%16,010.81
195610-0.71%15,896.74
1956111.81%16,184.30
195612-1.86%15,882.85
19571-4.00%15,248.21
195721.62%15,495.31
195732.64%15,905.01
195744.16%16,566.69
195751.95%16,890.43
195762.32%17,282.65
19577-5.21%16,383.07
19578-3.74%15,770.43
19579-5.90%14,840.51
195710-1.80%14,573.31
1957110.32%14,619.67
1957122.33%14,960.11
195810.70%15,065.12
195822.42%15,429.53
195830.90%15,567.85
195843.56%16,121.73
195852.74%16,562.69
195863.07%17,071.29
195874.05%17,763.41
195882.94%18,286.32
195894.36%19,083.42
1958103.33%19,718.19
1958112.16%20,144.58
1958124.25%21,001.67
19591-1.27%20,735.99
195922.81%21,317.88
195931.94%21,730.68
195941.77%22,114.32
19595-0.61%21,980.25
195964.23%22,909.48
19597-0.32%22,836.52
19598-3.70%21,990.83
195990.18%22,029.69
1959100.67%22,177.09
1959113.46%22,945.11
195912-1.49%22,604.20
19601-3.61%21,788.36
19602-1.08%21,553.45
196031.58%21,894.92
19604-0.62%21,758.17
196053.99%22,625.91
19606-2.20%22,129.02
196071.49%22,458.93
19608-2.72%21,847.88
19609-1.67%21,482.15
1960103.54%22,242.80
1960112.69%22,841.28
1960125.43%24,080.86
196114.37%25,134.18
196123.40%25,988.00
196132.92%26,746.59
196141.26%27,084.50
19615-1.08%26,791.93
19616-0.03%26,784.45
196173.84%27,812.69
19618-0.54%27,662.03
196191.34%28,033.55
1961104.77%29,371.32
1961111.16%29,712.91
196112-3.49%28,676.79
196211.91%29,224.37
196220.34%29,324.02
19623-2.94%28,460.45
19624-7.19%26,415.54
19625-11.41%23,400.80
196262.72%24,036.69
196273.02%24,763.32
19628-0.59%24,616.39
19629-2.86%23,913.27
1962107.20%25,635.23
1962114.62%26,820.54
1962124.15%27,932.71
196311.60%28,378.39
19632-0.11%28,347.66
196334.98%29,758.85
196342.27%30,434.25
196350.22%30,500.18
19636-1.22%30,127.50
196373.03%31,040.71
196382.89%31,938.91
196390.50%32,098.57
196310-0.31%32,000.16
1963112.39%32,766.04
1963123.33%33,857.21
196411.48%34,358.27
196422.07%35,069.84
196431.69%35,663.61
196441.22%36,098.83
19645-0.35%35,972.25
196463.96%37,397.12
19647-1.23%36,938.76
196481.97%37,664.77
196491.97%38,406.83
1964100.94%38,766.69
196411-1.49%38,188.94
1964122.82%39,266.17
196510.98%39,649.03
196520.34%39,782.09
196531.56%40,401.75
196541.73%41,101.75
19655-4.51%39,249.15
196560.10%39,289.53
196572.12%40,121.91
196583.60%41,564.74
196592.50%42,602.54
1965101.08%43,060.94
196511-0.21%42,969.81
1965121.98%43,820.81
19661-0.43%43,632.20
19662-3.86%41,946.97
196633.32%43,340.02
19664-5.01%41,169.73
19665-0.56%40,939.37
196660.02%40,946.91
19667-5.77%38,584.49
19668-3.22%37,340.20
19669-0.56%37,129.45
1966105.32%39,103.28
1966110.72%39,383.18
1966124.13%41,009.82
196713.73%42,539.49
196722.63%43,659.87
196731.99%44,529.78
196742.06%45,446.06
19675-0.99%44,995.31
196761.99%45,891.81
196771.85%46,741.56
196781.65%47,514.63
196790.10%47,560.91
196710-2.88%46,190.33
1967113.11%47,627.65
196712-0.02%47,619.33
19681-4.26%45,592.18
19682-1.56%44,881.29
196837.66%48,319.98
196842.56%49,555.85
196852.94%51,013.14
196860.05%51,038.09
19687-1.93%50,051.06
196883.51%51,806.69
196892.72%53,214.37
1968101.79%54,164.65
1968111.29%54,860.83
196812-3.99%52,674.56
19691-0.24%52,548.90
19692-1.91%51,543.22
196932.27%52,715.44
196943.51%54,567.59
19695-4.97%51,854.86
19696-4.21%49,674.20
19697-0.28%49,533.31
196980.63%49,844.64
196991.35%50,515.76
1969101.00%51,019.64
196911-5.03%48,454.63
196912-0.59%48,169.22
19701-3.20%46,629.69
197022.01%47,568.00
19703-2.75%46,260.97
19704-11.20%41,080.20
19705-0.27%40,969.33
197060.52%41,183.42
197073.26%42,524.26
197086.32%45,212.34
197092.49%46,337.91
1970100.21%46,433.71
1970117.16%49,757.60
1970124.11%51,802.98
197114.15%53,953.35
197122.83%55,481.23
197133.67%57,519.53
19714-1.11%56,882.29
19715-1.60%55,974.53
19716-0.46%55,715.39
19717-1.52%54,870.12
197182.49%56,234.41
19719-1.86%55,186.38
197110-4.37%52,773.89
1971117.16%56,554.41
1971124.42%59,055.55
197212.09%60,288.01
197222.62%61,867.33
197231.26%62,646.17
19724-0.78%62,160.11
197250.52%62,480.91
19726-0.50%62,166.10
197273.78%64,518.27
19728-1.21%63,737.30
197290.42%64,003.36
1972105.25%67,366.23
1972112.31%68,923.41
1972120.99%69,605.31
19731-3.33%67,290.85
19732-1.35%66,385.55
19733-1.63%65,301.27
19734-2.57%63,623.19
19735-1.99%62,357.22
197361.21%63,111.89
19737-1.64%62,079.75
197382.00%63,318.42
197394.24%66,000.16
197310-6.85%61,477.26
197311-6.81%57,293.56
1973121.70%58,267.79
19741-2.47%56,826.91
197424.57%59,426.54
19743-4.82%56,564.17
19744-2.71%55,033.73
197450.46%55,285.36
19746-11.35%49,012.22
19747-3.76%47,167.02
19748-10.01%42,443.91
197492.38%43,452.77
1974103.74%45,079.40
197411-6.09%42,333.24
1974128.63%45,987.78
1975110.81%50,957.92
197524.97%53,492.38
197531.49%54,287.83
197546.71%57,931.98
197552.89%59,608.89
197560.43%59,866.40
19757-7.00%55,677.99
19758-0.85%55,203.24
197594.97%57,947.53
1975102.04%59,130.65
197511-1.18%58,433.12
1975129.55%64,010.73
197614.18%66,685.19
197620.80%67,220.27
197631.10%67,956.64
19764-0.38%67,696.18
197650.90%68,305.84
197662.67%70,126.43
19767-0.56%69,733.29
197682.44%71,433.30
19769-3.11%69,213.00
197610-0.37%68,959.24
1976113.79%71,570.38
197612-0.54%71,185.87
19771-2.37%69,499.76
19772-0.05%69,462.11
19773-1.19%68,632.96
197740.06%68,677.23
197750.90%69,295.16
197761.28%70,183.83
19777-2.08%68,724.97
19778-1.18%67,917.23
19779-2.20%66,424.50
1977100.98%67,076.22
197711-0.08%67,022.46
197712-3.39%64,750.16
19781-0.97%64,120.80
197820.27%64,291.14
197834.83%67,396.40
197845.50%71,106.12
197850.67%71,585.06
19786-0.06%71,540.47
197877.33%76,783.05
197880.40%77,089.95
19789-2.77%74,951.86
197810-5.44%70,876.24
1978111.92%72,239.06
1978124.19%75,262.49
19791-1.06%74,467.00
197922.34%76,210.39
197932.43%78,062.99
19794-1.89%76,585.24
197952.42%78,436.80
197961.42%79,551.26
197975.01%83,540.23
197981.54%84,827.13
19799-3.35%81,983.28
197910-0.32%81,718.94
1979114.40%85,317.84
1979123.31%88,143.96
198014.40%92,018.64
19802-8.78%83,941.40
19803-1.16%82,965.96
198045.04%87,144.24
198056.86%93,124.68
198064.97%97,752.47
198073.50%101,178.38
198082.84%104,047.61
198093.32%107,506.95
1980104.61%112,468.07
198011-1.24%111,068.09
1980120.01%111,079.18
19811-3.07%107,668.86
198124.14%112,129.90
198131.29%113,580.63
19814-1.62%111,743.73
198150.86%112,702.03
19816-2.02%110,429.67
198170.80%111,315.94
19818-8.30%102,073.73
198191.73%103,836.80
1981103.04%106,997.31
1981111.18%108,259.20
198112-4.80%103,058.30
19821-1.91%101,085.87
19822-2.74%98,311.53
198235.47%103,688.49
198240.57%104,279.15
19825-5.27%98,783.00
198260.24%99,023.88
198270.79%99,810.10
1982812.10%111,883.51
198298.88%121,820.33
1982104.50%127,302.14
1982111.36%129,027.72
1982123.93%134,093.03
198312.13%136,949.23
198323.87%142,243.16
198334.20%148,213.66
198344.42%154,770.65
198351.75%157,484.56
198360.71%158,599.76
19837-2.41%154,781.97
198383.31%159,911.19
198390.65%160,947.29
198310-1.14%159,110.20
198311-0.13%158,906.34
1983121.58%161,410.60
19841-5.11%153,159.00
198420.44%153,836.51
198430.51%154,616.77
19844-0.25%154,226.25
19845-1.85%151,375.68
19846-0.91%150,000.51
198479.21%163,810.40
198481.41%166,115.16
19849-0.41%165,430.09
1984101.29%167,557.36
198411-0.71%166,371.80
1984124.70%174,187.23
198515.79%184,268.07
19852-0.48%183,386.69
198531.02%185,265.87
198542.74%190,334.07
198552.51%195,113.29
198562.25%199,497.92
19857-1.85%195,816.56
19858-1.88%192,125.43
198591.50%194,998.79
1985106.42%207,518.72
1985115.29%218,505.83
1985120.75%220,148.40
198615.70%232,690.80
198626.18%247,077.53
198632.74%253,850.98
198640.49%255,099.50
198653.13%263,092.38
19866-1.80%258,346.42
198672.28%264,238.92
19868-2.46%257,748.59
19869-0.09%257,516.95
1986103.53%266,614.89
1986111.71%271,171.18
1986126.67%289,267.44
198716.46%307,959.55
198724.38%321,437.12
19873-0.86%318,684.29
198740.17%319,235.08
198754.50%333,595.69
198763.12%344,010.87
198776.45%366,213.37
19878-3.03%355,115.55
19879-11.85%313,020.56
198710-12.30%274,508.34
198711-1.33%270,844.49
1987124.25%282,346.02
198813.33%291,744.09
198823.23%301,173.43
19883-0.89%298,504.96
19884-2.19%291,972.88
198856.00%309,485.99
19886-0.31%308,536.12
19887-1.72%303,233.97
198881.93%309,077.80
198893.80%320,827.75
198810-2.02%314,346.24
1988112.33%321,657.79
1988123.51%332,956.52
198913.30%343,943.60
19892-0.16%343,387.58
198933.56%355,628.66
198944.12%370,263.85
198953.39%382,825.51
198962.80%393,545.29
198974.69%412,005.53
198980.46%413,882.36
198990.29%415,067.13
198910-1.81%407,539.67
1989112.74%418,692.84
198912-2.21%409,434.59
19901-2.53%399,087.43
199022.71%409,891.39
199030.20%410,694.72
199043.85%426,510.27
199053.17%440,030.46
199060.17%440,777.30
19907-7.86%406,126.79
19908-4.34%388,496.58
19909-2.32%379,499.90
1990102.98%390,823.47
1990114.59%408,749.00
199012-0.69%405,948.37
1991111.61%453,065.89
199123.04%466,860.02
199132.26%477,405.59
19914-0.18%476,551.61
199150.35%478,205.30
199160.78%481,937.62
199172.68%494,848.41
19918-0.30%493,348.52
199190.18%494,244.67
1991100.02%494,322.74
1991110.94%498,945.35
1991127.36%535,657.87
19921-0.60%532,439.40
19922-1.01%527,049.10
199230.26%528,442.10
199242.07%539,372.14
19925-1.33%532,203.22
199261.91%542,379.66
199270.94%547,487.35
199280.38%549,557.88
19929-1.18%543,061.80
1992102.76%558,033.49
1992113.27%576,287.88
1992120.14%577,111.36
199311.72%587,062.18
199322.15%599,684.92
19933-1.34%591,638.67
199340.72%595,926.42
199350.87%601,082.28
199360.06%601,448.96
199371.76%612,049.29
199381.35%620,342.39
199391.24%628,046.46
1993100.01%628,093.84
1993110.89%633,666.17
1993121.74%644,665.85
19941-0.08%644,177.83
19942-1.42%635,005.91
19943-3.35%613,756.22
199441.06%620,251.24
199451.11%627,124.20
19946-0.52%623,870.21
199473.08%643,098.38
199480.82%648,355.48
19949-0.44%645,476.74
199410-0.37%643,089.23
199411-1.03%636,493.02
1994122.45%652,094.57
199513.82%676,998.68
199522.56%694,317.45
199533.22%716,643.60
199543.35%740,635.11
199553.18%764,175.62
199563.55%791,284.59
199570.51%795,344.87
199583.72%824,913.12
199590.91%832,441.01
1995102.36%852,073.17
1995113.39%880,951.11
1995120.16%882,383.36
199615.90%934,482.74
19962-0.20%932,607.26
199630.20%934,444.89
199642.35%956,449.44
199651.28%968,678.54
19966-3.48%935,001.80
199673.08%963,760.15
199682.02%983,264.02
199694.12%1,023,769.56
1996105.05%1,075,491.24
1996111.20%1,088,378.07
1996123.26%1,123,832.42
199714.36%1,172,844.59
19972-0.62%1,165,529.73
19973-3.41%1,125,840.57
199749.22%1,229,618.65
199755.34%1,295,241.25
199765.74%1,369,535.31
199770.35%1,374,298.41
199781.19%1,390,680.15
199791.65%1,413,562.07
199710-1.15%1,397,277.22
1997112.63%1,434,090.12
1997120.24%1,437,490.18
199816.40%1,529,520.58
199825.31%1,610,782.05
199833.41%1,665,640.06
19984-0.22%1,661,944.71
199850.12%1,663,880.16
199864.47%1,738,216.78
19987-6.97%1,617,045.56
19988-4.90%1,537,835.39
199891.29%1,557,686.64
19981010.97%1,728,633.16
1998114.10%1,799,578.08
1998125.05%1,890,415.15
19991-0.07%1,889,154.05
199922.92%1,944,383.65
199934.25%2,027,020.39
19994-0.10%2,025,017.05
19995-0.61%2,012,628.66
199964.52%2,103,647.52
19997-3.77%2,024,247.75
19998-0.60%2,012,142.41
19999-1.27%1,986,538.48
1999107.11%2,127,700.90
1999112.81%2,187,462.29
199912-0.12%2,184,860.69
20001-2.48%2,130,718.15
200023.94%2,214,688.76
200031.42%2,246,240.67
20004-2.84%2,182,474.52
200053.16%2,251,516.67
200060.85%2,270,662.27
200070.94%2,291,999.94
20008-1.08%2,267,254.35
20009-5.21%2,149,034.50
200010-0.77%2,132,431.83
200011-3.32%2,061,633.52
2000120.46%2,071,014.11
20011-2.14%2,026,771.91
20012-9.08%1,842,742.99
200130.45%1,851,011.26
200146.88%1,978,348.48
20015-2.39%1,931,092.62
20016-2.66%1,879,721.17
20017-2.05%1,841,265.09
20018-11.25%1,634,172.03
200193.18%1,686,204.58
2001105.05%1,771,410.96
2001111.47%1,797,380.72
200112-0.30%1,792,030.11
20021-3.35%1,731,947.48
200224.95%1,817,596.97
20023-3.51%1,753,718.76
20024-2.82%1,704,257.37
20025-5.92%1,603,349.00
20026-10.76%1,430,852.71
200271.14%1,447,147.13
20028-4.76%1,378,295.78
20029-1.37%1,359,453.89
2002106.63%1,449,525.55
200211-1.04%1,434,522.07
200212-0.22%1,431,330.00
20031-6.41%1,339,512.53
200321.31%1,357,031.99
200335.29%1,428,762.79
200345.31%1,504,661.69
200355.70%1,590,490.38
200360.60%1,599,968.12
20037-0.17%1,597,306.99
200383.16%1,647,800.75
200392.03%1,681,215.33
2003101.21%1,701,567.89
2003113.06%1,753,700.71
2003124.93%1,840,245.16
200411.09%1,860,242.41
20042-1.57%1,831,125.96
200430.97%1,848,853.76
20044-2.56%1,801,444.47
200452.86%1,852,923.93
20046-2.24%1,811,441.05
20047-1.39%1,786,306.03
200482.78%1,836,012.22
200490.10%1,837,895.88
2004104.77%1,925,635.12
2004112.73%1,978,155.81
200412-1.35%1,951,466.10
200511.68%1,984,274.28
20052-0.26%1,979,202.71
20053-2.41%1,931,525.33
200541.34%1,957,328.01
200552.18%2,000,011.41
200561.81%2,036,167.44
200570.31%2,042,479.93
200580.28%2,048,192.55
20059-2.62%1,994,443.48
2005103.96%2,073,454.20
2005112.14%2,117,911.78
2005121.47%2,148,976.67
20061-0.02%2,148,619.09
200621.49%2,180,550.53
200630.80%2,197,958.55
20064-0.79%2,180,668.63
20065-2.71%2,121,664.25
200660.72%2,136,941.09
200672.29%2,185,914.64
200682.53%2,241,243.93
200693.62%2,322,285.36
2006102.00%2,368,769.22
2006112.15%2,419,656.66
2006120.69%2,436,420.69
200711.60%2,475,307.13
20072-2.47%2,414,070.73
200734.18%2,514,985.16
200743.39%2,600,287.25
200750.34%2,609,255.68
200760.57%2,624,248.97
20077-4.20%2,514,001.44
200783.07%2,591,300.54
200792.99%2,668,822.74
200710-4.81%2,540,550.84
2007111.24%2,572,008.47
200712-6.64%2,401,350.63
20081-1.56%2,363,794.33
20082-2.63%2,301,706.07
200834.24%2,399,385.93
200842.56%2,460,872.69
20085-4.25%2,356,369.71
20086-6.08%2,213,138.45
200872.11%2,259,847.51
20088-4.85%2,150,300.58
20089-20.19%1,716,077.81
200810-8.61%1,568,403.34
200811-0.35%1,562,894.84
200812-1.10%1,545,772.44
20091-6.70%1,442,166.94
20092-5.69%1,360,144.61
2009312.32%1,527,738.23
200946.66%1,629,482.88
200952.87%1,676,230.48
200961.28%1,697,646.70
200978.12%1,835,508.26
200983.65%1,902,510.61
200992.40%1,948,230.00
2009102.09%1,989,032.29
2009112.23%2,033,305.31
2009121.36%2,060,896.61
20101-2.90%2,001,162.07
201025.94%2,120,091.85
201034.09%2,206,759.72
20104-5.88%2,076,949.36
20105-3.54%2,003,351.33
20106-0.16%2,000,164.54
201070.86%2,017,438.19
201083.37%2,085,449.15
201094.58%2,180,909.26
2010102.49%2,235,233.85
2010113.71%2,318,244.53
2010123.46%2,398,506.64
201113.15%2,474,080.32
20112-1.11%2,446,557.14
201132.22%2,500,894.76
201140.66%2,517,381.53
20115-3.66%2,425,179.91
201163.10%2,500,402.58
20117-10.40%2,240,344.53
20118-0.79%2,222,662.72
201193.02%2,289,762.82
2011101.77%2,330,225.74
2011111.55%2,366,454.94
2011124.78%2,479,632.02
201214.16%2,582,849.40
201222.88%2,657,334.58
20123-0.04%2,656,319.20
20124-3.09%2,574,213.64
20125-1.15%2,544,548.12
201262.92%2,618,876.58
201273.39%2,707,596.28
201283.02%2,789,397.26
20129-0.22%2,783,340.51
201210-2.84%2,704,363.39
2012112.18%2,763,197.77
2012124.27%2,881,152.09
201312.33%2,948,370.00
201322.72%3,028,638.01
201331.45%3,072,668.09
201344.57%3,213,220.22
20135-1.12%3,177,303.65
201363.25%3,280,708.27
201370.25%3,288,992.99
201381.19%3,328,213.15
201392.12%3,398,689.73
2013103.86%3,529,878.95
2013111.52%3,583,591.76
2013120.97%3,618,274.04
20141-0.13%3,613,568.98
201422.72%3,711,940.06
201430.20%3,719,427.94
201441.53%3,776,410.86
201453.20%3,897,116.96
201461.50%3,955,410.89
20147-0.43%3,938,523.23
201481.78%4,008,551.51
20149-2.65%3,902,461.84
2014105.71%4,125,122.74
2014110.63%4,151,271.38
201412-1.11%4,105,190.38
201512.83%4,221,260.45
201520.06%4,223,597.49
201530.88%4,260,697.97
201540.98%4,302,406.11
20155-0.44%4,283,669.13
20156-0.08%4,280,258.04
20157-2.42%4,176,487.57
20158-4.51%3,988,249.29
201594.32%4,160,426.77
2015102.93%4,282,430.04
201511-1.10%4,235,196.12
201512-6.42%3,963,312.55
20161-0.55%3,941,517.94
201626.36%4,192,305.98
201632.83%4,311,001.08
20164-0.30%4,297,879.89
201651.07%4,343,716.36
201663.30%4,486,947.75
201671.20%4,540,757.79
20168-0.44%4,520,838.79
20169-0.51%4,497,964.20
2016101.20%4,551,991.98
2016113.95%4,731,611.93
2016121.44%4,799,635.23
201712.58%4,923,295.21
201721.75%5,009,416.29
20173-0.15%5,001,701.58
201741.69%5,086,349.04
201751.78%5,176,704.37
201760.99%5,227,844.21
201770.25%5,240,799.08
201781.65%5,327,443.28
201792.73%5,473,138.15
2017101.59%5,560,137.45
2017112.88%5,720,463.25
2017124.86%5,998,586.36
20181-2.89%5,825,425.98
201820.06%5,829,187.94
20183-1.66%5,732,191.89
201841.96%5,844,635.77
201852.11%5,968,131.16
201861.58%6,062,471.91
201872.45%6,211,051.27
201881.68%6,315,381.27
20189-3.85%6,072,303.12
201810-2.08%5,946,235.53
201811-5.56%5,615,475.45
2018121.74%5,712,939.69
201915.83%6,045,941.38
201921.95%6,163,717.64
201933.72%6,393,206.39
20194-1.53%6,295,275.98
201951.40%6,383,708.82
201963.83%6,628,035.30
20197-3.13%6,420,285.24
201983.09%6,618,365.64
201990.01%6,619,014.42
2019104.43%6,912,481.15
2019112.47%7,083,172.42
2019123.35%7,320,203.52
202010.12%7,329,139.80
20202-18.92%5,942,634.46
202034.32%6,199,273.93
202045.89%6,564,247.83
202056.51%6,991,466.93
202063.48%7,234,520.72
202075.89%7,660,887.55
20208-0.63%7,612,853.58
202091.73%7,744,251.54
2020103.95%8,050,468.28
2020114.26%8,393,424.70
2020122.80%8,628,046.08
202112.49%8,843,016.31
202120.82%8,915,649.11
202136.02%9,452,503.68
202140.76%9,524,364.59
202151.81%9,696,795.86
202163.07%9,994,313.09
202172.19%10,212,705.01
20218-0.08%10,204,075.39
202190.45%10,250,215.78
2021104.74%10,736,562.29
2021110.27%10,765,057.51
202112-2.05%10,544,163.60
20221-2.90%10,238,111.89
20222-0.89%10,146,728.18
202230.12%10,158,731.95
20224-7.87%9,358,962.38
20225-3.37%9,043,622.92
20226-1.60%8,899,299.50
Click to show 1458 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 1900. This would result in a final amount of $7,588,771.93, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $8,899,299.50).

YearMonthContribution ($)Amount ($)
190014.164.24
190024.168.48
190034.1612.82
190044.1616.22
190054.1619.83
190064.1624.06
190074.1628.69
190084.1632.19
190094.1637.79
1900104.1645.38
1900114.1652.70
1900124.1658.70
190114.1664.67
190124.1671.53
190134.1682.28
190144.1682.34
190154.1695.39
190164.1693.17
190174.1698.98
190184.16102.95
190194.16106.24
1901104.16113.13
1901114.16115.77
1901124.32123.05
19021-124.52
19022-125.08
19023-129.76
19024-129.86
19025-129.51
19026-132.85
19027-136.83
19028-137.56
19029-133.63
190210-128.91
190211-126.37
190212-133.24
19031-132.88
19032-128.11
19033-123.32
19034-121.38
19035-115.12
19036-110.28
19037-107.20
19038-105.08
19039-102.13
190310-102.93
190311-108.16
190312-110.45
19041-107.95
19042-108.09
19043-111.24
19044-109.36
19045-110.00
19046-115.02
19047-119.39
19048-125.13
19049-132.93
190410-140.59
190411-142.41
190412-145.97
19051-152.82
19052-157.62
19053-156.16
19054-148.94
19055-151.15
19056-156.37
19057-162.66
19058-163.66
19059-166.45
190510-166.04
190511-170.63
190512-177.03
19061-176.27
19062-172.47
19063-170.65
19064-166.66
19065-169.38
19066-165.56
19067-178.37
19068-184.44
19069-179.51
190610-183.80
190611-182.74
190612-178.16
19071-173.20
19072-156.81
19073-158.20
19074-153.38
19075-149.12
19076-155.49
19077-144.51
19078-143.66
19079-128.73
190710-121.87
190711-128.82
190712-135.03
19081-130.82
19082-136.88
19083-144.97
19084-153.49
19085-154.40
19086-160.77
19087-168.38
19088-167.24
19089-169.99
190810-182.20
190811-187.02
190812-188.33
19091-183.62
19092-186.83
19093-195.93
19094-203.17
19095-207.49
19096-211.19
19097-217.04
19098-218.01
19099-219.63
190910-219.34
190911-222.71
190912-218.74
19101-211.73
19102-217.77
19103-213.33
19104-210.65
19105-201.34
19106-192.00
19107-197.52
19108-199.71
19109-209.76
191010-210.41
191011-205.42
191012-211.30
19111-215.84
19112-214.22
19113-214.20
19114-219.72
19115-225.03
19116-225.01
19117-215.18
19118-204.36
19119-206.46
191110-215.68
191111-217.56
191112-218.74
19121-217.76
19122-224.97
19123-232.94
19124-233.65
19125-234.61
19126-235.83
19127-242.21
19128-244.43
19129-244.92
191210-243.17
191211-235.42
191212-234.42
19131-227.11
19132-223.82
19133-224.58
19134-219.47
19135-209.46
19136-213.33
19137-220.07
19138-223.20
19139-217.18
191310-212.71
191311-213.50
191312-223.33
19141-227.32
19142-224.08
19143-219.73
19144-222.13
19145-222.07
19146-210.80
19147-211.82
19148-212.83
19149-213.84
191410-214.83
191411-206.59
191412-211.23
19151-209.40
19152-215.78
19153-233.04
19154-228.61
19155-232.21
19156-232.37
19157-243.26
19158-253.33
19159-268.41
191510-278.86
191511-280.50
191512-277.12
19161-274.35
19162-274.58
19163-272.74
19164-279.94
19165-283.88
19166-281.18
19167-284.60
19168-297.55
19169-308.12
191610-316.61
191611-305.31
191612-299.60
19171-284.18
19172-294.52
19173-291.65
19174-283.39
19175-290.79
19176-284.42
19177-277.72
19178-266.13
19179-253.50
191710-234.22
191711-228.12
191712-243.80
19181-253.15
19182-249.94
19183-249.43
19184-259.26
19185-261.47
19186-265.42
19187-269.72
19188-270.10
19189-283.36
191810-292.34
191811-288.29
191812-288.20
19191-291.03
19192-301.63
19193-313.39
19194-336.79
19195-347.53
19196-360.58
19197-338.04
19198-345.10
19199-364.45
191910-355.39
191911-346.67
191912-344.89
19201-318.10
19202-342.20
19203-341.17
19204-321.48
19205-317.63
19206-318.96
19207-308.20
19208-320.90
19209-323.06
192010-308.41
192011-282.54
192012-296.75
19211-296.43
19212-290.62
19213-293.64
19214-304.31
19215-281.69
19216-282.57
19217-280.84
19218-289.54
19219-295.21
192110-312.79
192111-325.58
192112-326.84
19221-335.74
19222-350.09
19223-373.13
19224-389.48
19225-387.66
19226-392.27
19227-408.90
19228-421.45
19229-432.68
192210-413.14
192211-414.18
192212-421.85
19231-441.88
19232-451.06
19233-437.33
19234-418.73
19235-404.88
19236-393.39
19237-397.47
19238-402.06
19239-398.30
192310-412.38
192311-428.54
192312-444.78
19241-449.03
19242-442.67
19243-434.77
19244-435.52
19245-446.05
19246-469.05
19247-487.50
19248-485.17
19249-481.25
192410-510.54
192411-540.50
192412-565.28
19251-572.56
19252-560.03
19253-556.62
19254-577.05
19255-589.97
19256-608.98
19257-619.85
19258-636.86
19259-660.59
192510-683.89
192511-697.81
192512-711.26
19261-715.23
19262-669.57
19263-653.80
19264-661.35
19265-695.85
19266-728.25
19267-760.24
19268-775.01
19269-760.80
192610-774.02
192611-794.96
192612-793.04
19271-811.87
19272-827.83
19273-851.66
19274-884.60
19275-899.66
19276-923.28
19277-976.14
19278-1,035.32
19279-1,023.25
192710-1,050.43
192711-1,078.98
192712-1,087.27
19281-1,078.26
19282-1,140.22
19283-1,216.18
19284-1,257.96
19285-1,200.53
19286-1,213.63
19287-1,257.21
19288-1,349.92
19289-1,381.75
192810-1,479.60
192811-1,489.89
192812-1,604.50
19291-1,617.51
19292-1,650.69
19293-1,645.71
19294-1,675.28
19295-1,712.16
19296-1,869.69
19297-1,981.07
19298-2,065.15
19299-1,851.93
192910-1,366.89
192911-1,426.67
192912-1,452.72
19301-1,549.14
19302-1,613.00
19303-1,720.87
19304-1,623.61
19305-1,465.00
19306-1,439.21
19307-1,426.32
19308-1,431.22
19309-1,239.84
193010-1,155.54
193011-1,084.04
193012-1,122.60
19311-1,213.96
19312-1,242.86
19313-1,130.01
19314-1,026.50
19315-999.00
19316-1,037.54
19317-1,011.75
19318-866.38
19319-755.92
193110-771.44
193111-631.82
193112-626.45
19321-626.16
19322-633.30
19323-486.22
19324-431.21
19325-377.77
19326-401.14
19327-607.13
19328-670.07
19329-581.51
193210-579.56
193211-564.26
193212-590.04
19331-523.57
19332-525.31
19333-584.37
19334-755.70
19335-888.57
19336-963.76
19337-919.03
19338-914.58
19339-828.82
193310-852.03
193311-871.82
193312-924.87
19341-996.53
19342-948.71
19343-967.87
19344-872.76
19345-887.62
19346-848.96
19347-819.12
19348-802.67
19349-812.37
193410-838.45
193411-847.33
193412-850.76
19351-828.48
19352-779.36
19353-841.21
19354-910.75
19355-948.76
19356-1,001.88
19357-1,073.07
19358-1,099.18
19359-1,132.00
193510-1,241.92
193511-1,245.57
193512-1,318.09
19361-1,397.59
19362-1,431.29
19363-1,437.23
19364-1,365.09
19365-1,427.52
19366-1,516.52
19367-1,551.36
19368-1,573.77
19369-1,661.12
193610-1,712.64
193611-1,688.66
193612-1,747.06
19371-1,804.75
19372-1,808.90
19373-1,707.16
19374-1,637.41
19375-1,582.74
19376-1,683.94
19377-1,708.13
19378-1,473.05
19379-1,265.38
193710-1,160.79
193711-1,148.96
193712-1,186.15
19381-1,164.76
19382-1,094.66
19383-1,056.97
19384-1,073.42
19385-1,104.91
19386-1,331.26
19387-1,345.34
19388-1,290.39
19389-1,440.30
193810-1,447.01
193811-1,410.10
193812-1,393.71
19391-1,387.33
19392-1,391.03
19393-1,220.75
19394-1,270.76
19395-1,298.36
19396-1,335.18
19397-1,320.93
19398-1,466.96
19399-1,487.26
193910-1,466.31
193911-1,437.38
193912-1,435.25
19401-1,431.98
19402-1,429.89
19403-1,450.20
19404-1,256.72
19405-1,155.00
19406-1,199.69
19407-1,231.48
19408-1,290.07
19409-1,308.98
194010-1,346.29
194011-1,297.96
194012-1,307.31
19411-1,232.48
19412-1,246.98
19413-1,215.23
19414-1,195.94
19415-1,245.05
19416-1,316.17
19417-1,317.16
19418-1,328.52
19419-1,282.90
194110-1,230.51
194111-1,158.14
194112-1,188.44
19421-1,158.97
19422-1,103.78
19423-1,065.66
19424-1,085.60
19425-1,148.00
19426-1,198.30
19427-1,198.84
19428-1,218.77
19429-1,315.88
194210-1,344.24
194211-1,358.43
194212-1,446.78
19431-1,539.87
19432-1,601.69
19433-1,662.34
19434-1,734.87
19435-1,772.68
19436-1,816.51
19437-1,734.06
19438-1,778.33
19439-1,769.43
194310-1,695.00
194311-1,725.01
194312-1,788.24
19441-1,783.88
19442-1,841.69
19443-1,817.59
19444-1,857.63
19445-1,953.16
19446-2,012.12
19447-1,990.88
19448-1,966.49
19449-2,023.20
194410-2,017.45
194411-2,069.91
194412-2,139.96
19451-2,219.85
19452-2,226.83
19453-2,291.44
19454-2,386.79
19455-2,439.00
19456-2,397.65
19457-2,414.59
19458-2,587.94
19459-2,704.76
194510-2,802.30
194511-2,859.03
194512-2,981.94
19461-2,999.41
19462-2,919.09
19463-3,116.69
19464-3,132.84
19465-3,122.23
19466-3,042.69
19467-2,993.29
19468-2,561.58
19469-2,513.62
194610-2,513.29
194611-2,598.60
194612-2,622.50
19471-2,734.48
19472-2,634.05
19473-2,547.18
19474-2,512.48
19475-2,610.98
19476-2,785.75
19477-2,742.33
19478-2,682.90
19479-2,764.11
194710-2,743.93
194711-2,713.13
194712-2,689.67
19481-2,570.02
19482-2,619.33
19483-2,833.79
19484-2,984.84
19485-3,121.76
19486-3,060.66
19487-2,984.50
19488-2,964.27
19489-3,058.78
194810-2,902.76
194811-2,898.17
194812-2,945.39
19491-2,847.38
19492-2,889.85
19493-2,901.80
19494-2,896.49
19495-2,754.19
19496-2,926.70
19497-3,048.76
19498-3,105.81
19499-3,203.39
194910-3,265.77
194911-3,371.63
194912-3,460.31
19501-3,547.60
19502-3,596.38
19503-3,718.16
19504-3,863.71
19505-3,947.35
19506-3,681.94
19507-3,926.33
19508-4,087.65
19509-4,280.64
195010-4,296.74
195011-4,305.11
195012-4,650.06
19511-4,850.42
19512-4,796.47
19513-4,888.86
19514-4,919.59
19515-4,863.26
19516-4,978.35
19517-5,225.54
19518-5,389.40
19519-5,390.94
195110-5,269.46
195111-5,459.85
195112-5,669.17
19521-5,593.66
19522-5,635.59
19523-5,647.03
19524-5,673.00
19525-5,857.08
19526-6,054.28
19527-6,107.59
19528-6,039.87
19529-5,942.58
195210-6,160.52
195211-6,438.30
195212-6,501.97
19531-6,451.68
19532-6,513.42
19533-6,222.09
19534-6,284.48
19535-6,089.18
19536-6,205.71
19537-6,261.49
19538-6,004.34
19539-6,215.49
195310-6,383.82
195311-6,501.07
195312-6,697.66
19541-6,876.91
19542-7,054.50
19543-7,368.46
19544-7,694.33
19545-7,788.44
19546-8,135.60
19547-8,330.38
19548-8,558.62
19549-8,790.61
195410-9,168.80
195411-9,622.96
195412-9,831.64
19551-10,195.88
19552-10,151.38
19553-10,537.97
19554-10,529.67
19555-11,176.73
19556-12,031.09
19557-11,995.08
19558-12,572.82
19559-11,978.77
195510-12,825.21
195511-12,983.88
195512-12,673.85
19561-12,794.18
19562-13,716.14
19563-13,919.52
19564-13,524.42
19565-13,488.98
19566-14,264.44
19567-14,223.83
19568-13,784.48
19569-13,653.03
195610-13,555.75
195611-13,800.97
195612-13,543.91
19571-13,002.73
19572-13,213.44
19573-13,562.81
19574-14,127.05
19575-14,403.12
19576-14,737.57
19577-13,970.47
19578-13,448.05
19579-12,655.07
195710-12,427.22
195711-12,466.75
195712-12,757.06
19581-12,846.60
19582-13,157.35
19583-13,275.30
19584-13,747.61
19585-14,123.64
19586-14,557.34
19587-15,147.54
19588-15,593.44
19589-16,273.16
195810-16,814.45
195811-17,178.05
195812-17,908.92
19591-17,682.37
19592-18,178.57
19593-18,530.58
19594-18,857.73
19595-18,743.40
19596-19,535.79
19597-19,473.57
19598-18,752.42
19599-18,785.56
195910-18,911.25
195911-19,566.17
195912-19,275.46
19601-18,579.77
19602-18,379.45
19603-18,670.63
19604-18,554.02
19605-19,293.97
19606-18,870.26
19607-19,151.59
19608-18,630.52
19609-18,318.65
196010-18,967.29
196011-19,477.63
196012-20,534.67
19611-21,432.88
19612-22,160.96
19613-22,807.84
19614-23,095.99
19615-22,846.50
19616-22,840.12
19617-23,716.94
19618-23,588.47
19619-23,905.27
196110-25,046.05
196111-25,337.33
196112-24,453.79
19621-24,920.73
19622-25,005.71
19623-24,269.31
19624-22,525.54
19625-19,954.76
19626-20,497.00
19627-21,116.63
19628-20,991.34
19629-20,391.76
196210-21,860.14
196211-22,870.90
196212-23,819.29
19631-24,199.34
19632-24,173.13
19633-25,376.51
19634-25,952.45
19635-26,008.67
19636-25,690.87
19637-26,469.60
19638-27,235.53
19639-27,371.67
196310-27,287.76
196311-27,940.85
196312-28,871.33
19641-29,298.60
19642-29,905.39
19643-30,411.72
19644-30,782.85
19645-30,674.91
19646-31,889.95
19647-31,499.09
19648-32,118.18
19649-32,750.97
196410-33,057.83
196411-32,565.16
196412-33,483.76
19651-33,810.24
19652-33,923.70
19653-34,452.11
19654-35,049.03
19655-33,469.24
19656-33,503.68
19657-34,213.48
19658-35,443.84
19659-36,328.81
196510-36,719.70
196511-36,642.00
196512-37,367.67
19661-37,206.84
19662-35,769.78
19663-36,957.68
19664-35,107.00
19665-34,910.56
19666-34,916.99
19667-32,902.47
19668-31,841.42
19669-31,661.70
196610-33,344.86
196611-33,583.54
196612-34,970.63
19671-36,275.04
19672-37,230.43
19673-37,972.24
19674-38,753.59
19675-38,369.22
19676-39,133.69
19677-39,858.31
19678-40,517.53
19679-40,557.00
196710-39,388.26
196711-40,613.92
196712-40,606.81
19681-38,878.19
19682-38,271.99
19683-41,204.29
19684-42,258.16
19685-43,500.85
19686-43,522.13
19687-42,680.45
19688-44,177.54
19689-45,377.92
196810-46,188.26
196811-46,781.92
196812-44,917.60
19691-44,810.45
19692-43,952.87
19693-44,952.47
19694-46,531.87
19695-44,218.62
19696-42,359.08
19697-42,238.94
19698-42,504.43
19699-43,076.71
196910-43,506.39
196911-41,319.11
196912-41,075.73
19701-39,762.91
19702-40,563.04
19703-39,448.50
19704-35,030.65
19705-34,936.11
19706-35,118.67
19707-36,262.06
19708-38,554.29
19709-39,514.10
197010-39,595.80
197011-42,430.20
197012-44,174.37
19711-46,008.08
19712-47,310.96
19713-49,049.10
19714-48,505.69
19715-47,731.61
19716-47,510.63
19717-46,789.84
19718-47,953.23
19719-47,059.53
197110-45,002.31
197111-48,226.10
197112-50,358.92
19721-51,409.89
19722-52,756.63
19723-53,420.78
19724-53,006.30
19725-53,279.86
19726-53,011.40
19727-55,017.19
19728-54,351.23
19729-54,578.10
197210-57,445.75
197211-58,773.62
197212-59,355.10
19731-57,381.47
19732-56,609.49
19733-55,684.89
19734-54,253.92
19735-53,174.38
19736-53,817.92
19737-52,937.77
19738-53,994.03
19739-56,280.85
197310-52,424.00
197311-48,856.40
197312-49,687.17
19741-48,458.47
19742-50,675.27
19743-48,234.43
19744-46,929.36
19745-47,143.94
19746-41,794.59
19747-40,221.12
19748-36,193.54
19749-37,053.84
197410-38,440.93
197411-36,099.17
197412-39,215.53
19751-43,453.76
19752-45,615.00
19753-46,293.30
19754-49,400.80
19755-50,830.77
19756-51,050.36
19757-47,478.75
19758-47,073.91
19759-49,414.07
197510-50,422.96
197511-49,828.15
197512-54,584.39
19761-56,865.00
19762-57,321.29
19763-57,949.21
19764-57,727.11
19765-58,246.99
19766-59,799.48
19767-59,464.23
19768-60,913.90
19769-59,020.57
197610-58,804.17
197611-61,030.79
197612-60,702.91
19771-59,265.10
19772-59,232.99
19773-58,525.94
19774-58,563.69
19775-59,090.63
19776-59,848.43
19777-58,604.41
19778-57,915.61
19779-56,642.70
197710-57,198.45
197711-57,152.61
197712-55,214.93
19781-54,678.25
19782-54,823.51
19783-57,471.48
19784-60,634.90
19785-61,043.31
19786-61,005.28
19787-65,475.84
19788-65,737.54
19789-63,914.31
197810-60,438.87
197811-61,601.00
197812-64,179.20
19791-63,500.85
19792-64,987.51
19793-66,567.29
19794-65,307.16
19795-66,886.05
19796-67,836.40
19797-71,237.94
19798-72,335.32
19799-69,910.27
197910-69,684.86
197911-72,753.77
197912-75,163.72
19801-78,467.80
19802-71,580.03
19803-70,748.24
19804-74,311.22
19805-79,410.96
19806-83,357.26
19807-86,278.66
19808-88,725.36
19809-91,675.27
198010-95,905.81
198011-94,711.99
198012-94,721.45
19811-91,813.34
19812-95,617.44
19813-96,854.53
19814-95,288.13
19815-96,105.32
19816-94,167.59
19817-94,923.35
19818-87,042.16
19819-88,545.59
198110-91,240.68
198111-92,316.75
198112-87,881.74
19821-86,199.78
19822-83,833.99
19823-88,419.13
19824-88,922.81
19825-84,236.03
19826-84,441.43
19827-85,111.88
19828-95,407.33
19829-103,880.84
198210-108,555.39
198211-110,026.86
198212-114,346.24
19831-116,781.83
19832-121,296.17
19833-126,387.44
19834-131,978.83
19835-134,293.09
19836-135,244.06
19837-131,988.48
19838-136,362.36
19839-137,245.89
198310-135,679.34
198311-135,505.49
198312-137,640.97
19841-130,604.51
19842-131,182.26
19843-131,847.61
19844-131,514.60
19845-129,083.81
19846-127,911.15
19847-139,687.37
19848-141,652.73
19849-141,068.55
198410-142,882.55
198411-141,871.58
198412-148,536.09
19851-157,132.41
19852-156,380.82
19853-157,983.27
19854-162,305.12
19855-166,380.54
19856-170,119.48
19857-166,980.25
19858-163,832.68
19859-166,282.90
198510-176,959.12
198511-186,328.25
198512-187,728.93
19861-198,424.31
19862-210,692.43
19863-216,468.41
19864-217,533.07
19865-224,348.90
19866-220,301.84
19867-225,326.60
19868-219,792.05
19869-219,594.52
198610-227,352.68
198611-231,238.00
198612-246,669.37
19871-262,608.84
19872-274,101.68
19873-271,754.25
19874-272,223.92
19875-284,469.76
19876-293,351.18
19877-312,284.10
19878-302,820.56
19879-266,924.56
198710-234,083.73
198711-230,959.42
198712-240,767.21
19881-248,781.31
19882-256,822.07
19883-254,546.56
19884-248,976.40
19885-263,910.50
19886-263,100.51
19887-258,579.16
19888-263,562.42
19889-273,582.06
198810-268,055.02
198811-274,289.86
198812-283,924.72
19891-293,293.82
19892-292,819.68
19893-303,258.11
19894-315,738.10
19895-326,449.90
19896-335,591.07
19897-351,332.82
19898-352,933.27
19899-353,943.56
198910-347,524.62
198911-357,035.34
198912-349,140.49
19901-340,317.06
19902-349,530.02
19903-350,215.04
19904-363,701.56
19905-375,230.75
19906-375,867.60
19907-346,319.80
19908-331,285.84
19909-323,614.03
199010-333,270.07
199011-348,555.86
199012-346,167.65
19911-386,346.55
19912-398,109.34
19913-407,101.95
19914-406,373.73
19915-407,783.89
19916-410,966.58
19917-421,976.10
19918-420,697.09
19919-421,461.27
199110-421,527.84
199111-425,469.72
199112-456,775.89
19921-454,031.37
19922-449,434.85
19923-450,622.73
19924-459,943.18
19925-453,829.98
19926-462,507.81
19927-466,863.34
19928-468,628.96
19929-463,089.50
199210-475,856.43
199211-491,422.64
199212-492,124.85
19931-500,610.30
19932-511,374.19
19933-504,512.85
19934-508,169.18
19935-512,565.77
19936-512,878.45
19937-521,917.76
19938-528,989.60
19939-535,559.16
199310-535,599.56
199311-540,351.30
199312-549,731.15
19941-549,314.99
19942-541,493.75
19943-523,373.32
19944-528,911.88
19945-534,772.71
19946-531,997.91
19947-548,394.50
19948-552,877.44
19949-550,422.62
199410-548,386.70
199411-542,761.86
199412-556,065.90
19951-577,302.58
19952-592,070.96
19953-611,109.32
19954-631,567.79
19955-651,641.68
19956-674,758.54
19957-678,220.89
19958-703,434.86
19959-709,854.18
199510-726,595.28
199511-751,220.59
199512-752,441.93
19961-796,869.06
19962-795,269.77
19963-796,836.78
19964-815,600.90
19965-826,029.12
19966-797,311.68
19967-821,835.02
19968-838,466.71
19969-873,007.33
199610-917,112.37
199611-928,101.47
199612-958,334.74
19971-1,000,129.29
19972-993,891.63
19973-960,047.17
19974-1,048,542.70
19975-1,104,501.59
19976-1,167,854.97
19977-1,171,916.64
19978-1,185,885.98
19979-1,205,398.26
199710-1,191,511.55
199711-1,222,903.31
199712-1,225,802.67
19981-1,304,280.50
19982-1,373,575.26
19983-1,420,354.77
19984-1,417,203.61
19985-1,418,854.04
19986-1,482,243.71
19987-1,378,916.39
19988-1,311,370.86
19989-1,328,298.78
199810-1,474,071.39
199811-1,534,568.83
199812-1,612,029.06
19991-1,610,953.67
19992-1,658,050.06
19993-1,728,517.55
19994-1,726,809.23
19995-1,716,245.18
19996-1,793,860.43
19997-1,726,153.22
19998-1,715,830.54
19999-1,693,997.09
199910-1,814,371.67
199911-1,865,332.48
199912-1,863,113.99
20001-1,816,944.59
20002-1,888,549.53
20003-1,915,455.04
20004-1,861,079.22
20005-1,919,954.09
20006-1,936,280.28
20007-1,954,475.72
20008-1,933,374.21
20009-1,832,563.64
200010-1,818,405.91
200011-1,758,033.49
200012-1,766,032.68
20011-1,728,305.67
20012-1,571,377.19
20013-1,578,427.86
20014-1,687,013.17
20015-1,646,716.29
20016-1,602,909.89
20017-1,570,116.93
20018-1,393,520.78
20019-1,437,890.92
200110-1,510,549.65
200111-1,532,695.06
200112-1,528,132.39
20021-1,476,897.64
20022-1,549,934.22
20023-1,495,462.84
20024-1,453,285.23
20025-1,367,236.81
20026-1,220,142.65
20027-1,234,037.53
20028-1,175,325.35
20029-1,159,258.15
200210-1,236,065.69
200211-1,223,271.65
200212-1,220,549.66
20031-1,142,253.40
20032-1,157,192.91
20033-1,218,360.49
20034-1,283,082.38
20035-1,356,271.77
20036-1,364,353.81
20037-1,362,084.56
20038-1,405,142.52
20039-1,433,636.40
200310-1,450,991.81
200311-1,495,447.44
200312-1,569,247.20
20041-1,586,299.61
20042-1,561,470.90
20043-1,576,588.08
20044-1,536,160.37
20045-1,580,058.87
20046-1,544,684.83
20047-1,523,251.25
20048-1,565,637.61
20049-1,567,243.88
200410-1,642,062.47
200411-1,686,848.86
200412-1,664,089.53
20051-1,692,066.32
20052-1,687,741.60
20053-1,647,085.28
20054-1,669,088.21
20055-1,705,485.97
20056-1,736,317.59
20057-1,741,700.49
20058-1,746,571.86
20059-1,700,737.98
200510-1,768,113.44
200511-1,806,024.11
200512-1,832,514.33
20061-1,832,209.40
20062-1,859,438.56
20063-1,874,283.04
20064-1,859,539.26
20065-1,809,223.98
20066-1,822,251.13
20067-1,864,012.74
20068-1,911,194.13
20069-1,980,301.25
200610-2,019,939.81
200611-2,063,333.47
200612-2,077,628.80
20071-2,110,788.75
20072-2,058,570.13
20073-2,144,623.72
20074-2,217,364.06
20075-2,225,011.78
20076-2,237,797.14
20077-2,143,784.87
20078-2,209,700.75
20079-2,275,806.88
200710-2,166,424.55
200711-2,193,249.67
200712-2,047,723.22
20081-2,015,697.54
20082-1,962,752.50
20083-2,046,047.84
20084-2,098,479.95
20085-2,009,366.28
20086-1,887,227.52
20087-1,927,058.12
20088-1,833,643.28
20089-1,463,364.96
200810-1,337,437.32
200811-1,332,740.00
200812-1,318,139.08
20091-1,229,790.73
20092-1,159,847.16
20093-1,302,760.63
20094-1,389,522.16
20095-1,429,385.62
20096-1,447,648.06
20097-1,565,207.86
20098-1,622,343.32
20099-1,661,329.99
200910-1,696,123.65
200911-1,733,876.95
200912-1,757,405.10
20101-1,706,467.18
20102-1,807,883.14
20103-1,881,788.14
20104-1,771,093.90
20105-1,708,334.05
20106-1,705,616.55
20107-1,720,346.45
20108-1,778,341.99
20109-1,859,744.46
201010-1,906,069.11
201011-1,976,855.49
201012-2,045,298.04
20111-2,109,742.60
20112-2,086,272.54
20113-2,132,608.29
20114-2,146,667.19
20115-2,068,043.35
20116-2,132,188.59
20117-1,910,427.18
20118-1,895,349.23
20119-1,952,568.04
201110-1,987,072.31
201111-2,017,966.34
201112-2,114,476.75
20121-2,202,494.14
20122-2,266,010.49
20123-2,265,144.64
20124-2,195,130.10
20125-2,169,833.18
20126-2,233,215.89
20127-2,308,870.56
20128-2,378,625.38
20129-2,373,460.55
201210-2,306,113.75
201211-2,356,284.07
201212-2,456,868.21
20131-2,514,187.49
20132-2,582,635.09
20133-2,620,181.21
20134-2,740,035.37
20135-2,709,407.94
20136-2,797,585.00
20137-2,804,649.69
20138-2,838,094.23
20139-2,898,192.29
201310-3,010,062.34
201311-3,055,865.30
201312-3,085,440.20
20141-3,081,428.02
20142-3,165,312.79
20143-3,171,697.98
20144-3,220,289.50
20145-3,323,220.19
20146-3,372,929.65
20147-3,358,528.89
20148-3,418,244.67
20149-3,327,777.97
201410-3,517,649.41
201411-3,539,947.35
201412-3,500,652.32
20151-3,599,629.70
20152-3,601,622.58
20153-3,633,259.58
20154-3,668,825.70
20155-3,652,847.96
20156-3,649,939.20
20157-3,561,450.16
20158-3,400,932.20
20159-3,547,754.50
201510-3,651,791.34
201511-3,611,513.18
201512-3,379,667.69
20161-3,361,082.59
20162-3,574,939.12
20163-3,676,154.95
20164-3,664,966.01
20165-3,704,052.52
20166-3,826,191.39
20167-3,872,077.26
20168-3,855,091.57
20169-3,835,585.54
201610-3,881,657.08
201611-4,034,825.86
201612-4,092,831.92
20171-4,198,281.50
20172-4,271,720.23
20173-4,265,141.60
20174-4,337,323.72
20175-4,414,373.15
20176-4,457,982.04
20177-4,469,029.15
20178-4,542,913.96
20179-4,667,153.53
201710-4,741,341.16
201711-4,878,057.08
201712-5,115,223.25
20181-4,967,562.80
20182-4,970,770.76
20183-4,888,058.53
20184-4,983,943.72
20185-5,089,252.94
20186-5,169,700.90
20187-5,296,400.19
20188-5,385,366.35
20189-5,178,084.34
201810-5,070,581.70
201811-4,788,529.98
201812-4,871,641.45
20191-5,155,604.68
20192-5,256,036.99
20193-5,451,730.79
20194-5,368,221.81
20195-5,443,631.86
20196-5,651,978.36
20197-5,474,821.96
20198-5,643,732.67
20199-5,644,285.91
201910-5,894,536.18
201911-6,040,091.13
201912-6,242,216.59
20201-6,249,836.89
20202-5,067,510.94
20203-5,286,357.19
20204-5,597,584.35
20205-5,961,890.36
20206-6,169,151.60
20207-6,532,730.85
20208-6,491,770.45
20209-6,603,818.50
202010-6,864,941.18
202011-7,157,393.20
202012-7,357,463.79
20211-7,540,777.11
20212-7,602,713.86
20213-8,060,510.22
20214-8,121,788.75
20215-8,268,827.47
20216-8,522,531.76
20217-8,708,762.87
20218-8,701,404.07
20219-8,740,749.73
202110-9,155,475.94
202111-9,179,774.90
202112-8,991,410.25
20221-8,730,428.28
20222-8,652,501.91
20223-8,662,737.98
20224-7,980,743.98
20225-7,711,842.00
20226-7,588,771.93
Click to show 1458 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 1900 to 2022
Start Value
Average monthly close
$6.10
End Value
Average monthly close
$3,831.39
Change in price+62,709.67%
+5.42% / yr
Change incl. dividends+8,899,199.50%
+9.75% / yr
Change incl. dividends, inflation-adjusted+252,301.88%
+6.60% / yr
Final amount, nominal
($100 base)
$8,899,299.50
Final amount, inflation-adjusted
($100 base)
$252,401.88