S&P 500: $100 in 1926 → $1,066,955.03 in 2022

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Stock market returns since 1926

If you invested $100 in the S&P 500 at the beginning of 1926, you would have about $1,066,955.03 at the end of 2022, assuming you reinvested all dividends. This is a return on investment of 1,066,855.03%, or 10.09% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 63,664.19% cumulatively, or 6.92% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $933,793.14.

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 $1,066,855.03, or 1,066,855.03%. This means by 2022 you would have $1,066,955.03 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 1926 was 17.700 and the CPI in 2022 was 296.171.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 96 years.

Adjusted for inflation, the $1,066,955.03 nominal end value of the original $100 investment would have a real return of roughly $63,664.19 in 1926 dollars. This means the inflation-adjusted return is 63,664.19% as opposed to the original 1,066,855.03%.

For more information on inflation, see our U.S. inflation calculator for 1926.

Full monthly data

The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 1158-month period between 1926 and 2022.

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

YearMonthReturn (%)Amount ($)CPI
192610.56%100.5617.90
19262-6.38%94.1417.90
19263-2.35%91.9217.80
192641.15%92.9817.90
192655.22%97.8317.80
192664.66%102.3917.70
192674.39%106.8917.50
192681.94%108.9617.40
19269-1.83%106.9717.50
1926101.74%108.8217.60
1926112.71%111.7717.70
192612-0.24%111.5017.70
192712.37%114.1517.50
192721.97%116.3917.40
192732.88%119.7417.30
192743.87%124.3717.30
192751.70%126.4917.40
192762.62%129.8117.60
192775.73%137.2417.30
192786.06%145.5617.20
19279-1.17%143.8717.30
1927102.66%147.6917.40
1927112.72%151.7017.30
1927120.77%152.8717.30
19281-0.83%151.6017.30
192825.75%160.3117.10
192836.66%170.9917.10
192843.44%176.8617.10
19285-4.57%168.7917.20
192861.09%170.6317.10
192873.59%176.7617.10
192887.37%189.7917.10
192892.36%194.2717.30
1928107.08%208.0317.20
1928110.70%209.4717.20
1928127.69%225.5917.10
192910.81%227.4217.10
192922.05%232.0817.10
19293-0.30%231.3817.00
192941.80%235.5416.90
192952.20%240.7217.00
192969.20%262.8717.10
192975.96%278.5317.30
192984.24%290.3517.30
19299-10.32%260.3717.30
192910-26.19%192.1817.30
1929114.37%200.5817.30
1929121.83%204.2517.20
193016.64%217.8017.10
193024.12%226.7817.00
193036.69%241.9516.90
19304-5.65%228.2717.00
19305-9.77%205.9716.90
19306-1.76%202.3516.80
19307-0.90%200.5416.60
193080.34%201.2216.50
19309-13.37%174.3216.60
193010-6.80%162.4716.50
193011-6.19%152.4116.40
1930123.56%157.8316.10
193118.14%170.6815.90
193122.38%174.7415.70
19313-9.08%158.8815.60
19314-9.16%144.3215.50
19315-2.68%140.4615.30
193163.86%145.8715.10
19317-2.49%142.2515.10
19318-14.37%121.8115.10
19319-12.75%106.2815.00
1931102.05%108.4614.90
193111-18.10%88.8314.70
193112-0.85%88.0814.60
19321-0.05%88.0414.30
193221.14%89.0414.10
19323-23.22%68.3614.00
19324-11.31%60.6313.90
19325-12.39%53.1113.70
193266.18%56.4013.60
1932751.35%85.3613.60
1932810.37%94.2113.50
19329-13.22%81.7613.40
193210-0.34%81.4813.30
193211-2.64%79.3313.20
1932124.57%82.9613.10
19331-11.27%73.6112.90
193320.33%73.8612.70
1933311.24%82.1612.60
1933429.32%106.2512.60
1933517.58%124.9312.60
193368.46%135.5012.70
19337-4.64%129.2113.10
19338-0.48%128.5913.20
19339-9.38%116.5313.20
1933102.80%119.7913.20
1933112.32%122.5713.20
1933126.08%130.0313.20
193417.75%140.1113.20
19342-4.80%133.3913.30
193432.02%136.0813.30
19344-9.83%122.7113.30
193451.70%124.8013.30
19346-4.36%119.3613.40
19347-3.51%115.1713.40
19348-2.01%112.8513.40
193491.21%114.2213.60
1934103.21%117.8813.50
1934111.06%119.1313.50
1934120.40%119.6113.40
19351-2.62%116.4813.60
19352-5.93%109.5713.70
193537.94%118.2713.70
193548.27%128.0513.80
193554.17%133.3913.80
193565.60%140.8613.70
193577.10%150.8713.70
193582.43%154.5413.70
193592.99%159.1613.70
1935109.71%174.6113.70
1935110.29%175.1213.80
1935125.82%185.3213.80
193616.03%196.5013.80
193622.41%201.2313.80
193630.41%202.0713.70
19364-5.02%191.9313.70
193654.57%200.7013.70
193666.23%213.2213.80
193672.30%218.1213.90
193681.44%221.2714.00
193695.55%233.5514.00
1936103.10%240.7914.00
193611-1.40%237.4214.00
1936123.46%245.6314.00
193713.30%253.7414.10
193720.23%254.3314.10
19373-5.62%240.0214.20
19374-4.09%230.2114.30
19375-3.34%222.5314.40
193766.39%236.7614.40
193771.44%240.1614.50
19378-13.76%207.1114.50
19379-14.10%177.9114.60
193710-8.27%163.2014.60
193711-1.02%161.5414.50
1937123.24%166.7714.40
19381-1.80%163.7614.20
19382-6.02%153.9114.10
19383-3.44%148.6114.10
193841.56%150.9214.20
193852.93%155.3514.10
1938620.49%187.1714.10
193871.06%189.1514.10
19388-4.08%181.4214.10
1938911.62%202.5014.10
1938100.47%203.4414.00
193811-2.55%198.2614.00
193812-1.16%195.9514.00
19391-0.46%195.0514.00
193920.27%195.5713.90
19393-12.24%171.6313.90
193944.10%178.6613.80
193952.17%182.5413.80
193962.84%187.7213.80
19397-1.07%185.7213.80
1939811.06%206.2513.80
193991.38%209.1014.10
193910-1.41%206.1614.00
193911-1.97%202.0914.00
193912-0.15%201.7914.00
19401-0.23%201.3313.90
19402-0.15%201.0414.00
194031.42%203.8914.00
19404-13.34%176.6914.00
19405-8.09%162.3914.00
194063.87%168.6714.10
194072.65%173.1414.00
194084.76%181.3814.00
194091.47%184.0414.00
1940102.85%189.2814.00
194011-3.59%182.4914.00
1940120.72%183.8014.10
19411-5.72%173.2814.10
194121.18%175.3214.10
19413-2.55%170.8614.20
19414-1.59%168.1414.30
194154.11%175.0514.40
194165.71%185.0514.70
194170.08%185.1914.70
194180.86%186.7914.90
19419-3.43%180.3715.10
194110-4.08%173.0115.30
194111-5.88%162.8315.40
1941122.62%167.0915.50
19421-2.48%162.9515.70
19422-4.76%155.1915.80
19423-3.45%149.8316.00
194241.87%152.6316.10
194255.75%161.4016.30
194264.38%168.4816.30
194270.05%168.5516.40
194281.66%171.3516.50
194297.97%185.0116.50
1942102.15%189.0016.70
1942111.06%190.9916.80
1942126.50%203.4116.90
194316.43%216.5016.90
194324.01%225.1916.90
194333.79%233.7217.20
194344.36%243.9217.40
194352.18%249.2317.50
194362.47%255.4017.50
19437-4.54%243.8017.40
194382.55%250.0317.30
19439-0.50%248.7817.40
194310-4.21%238.3117.40
1943111.77%242.5317.40
1943123.67%251.4217.40
19441-0.24%250.8117.40
194423.24%258.9317.40
19443-1.31%255.5517.40
194442.20%261.1817.50
194455.14%274.6117.50
194463.02%282.9017.60
19447-1.06%279.9117.70
19448-1.23%276.4817.70
194492.88%284.4517.70
194410-0.28%283.6517.70
1944112.60%291.0217.70
1944123.38%300.8717.80
194513.73%312.1017.80
194520.31%313.0917.80
194532.90%322.1717.80
194544.16%335.5717.80
194552.19%342.9117.90
19456-1.70%337.1018.10
194570.71%339.4818.10
194587.18%363.8618.10
194594.51%380.2818.10
1945103.61%393.9918.10
1945112.02%401.9718.10
1945124.30%419.2518.20
194610.59%421.7118.20
19462-2.68%410.4118.10
194636.77%438.2018.30
194640.52%440.4718.40
19465-0.34%438.9718.50
19466-2.55%427.7918.70
19467-1.62%420.8519.80
19468-14.42%360.1520.20
19469-1.87%353.4120.40
194610-0.01%353.3620.80
1946113.39%365.3521.30
1946120.92%368.7121.50
194714.27%384.4621.50
19472-3.67%370.3421.50
19473-3.30%358.1221.90
19474-1.36%353.2521.90
194753.92%367.1021.90
194766.69%391.6722.00
19477-1.56%385.5622.20
19478-2.17%377.2122.50
194793.03%388.6223.00
194710-0.73%385.7923.00
194711-1.12%381.4623.10
194712-0.86%378.1623.40
19481-4.45%361.3423.70
194821.92%368.2723.50
194838.19%398.4223.40
194845.33%419.6623.80
194854.59%438.9123.90
19486-1.96%430.3224.10
19487-2.49%419.6124.40
19488-0.68%416.7724.50
194893.19%430.0524.50
194810-5.10%408.1224.40
194811-0.16%407.4724.20
1948121.63%414.1124.10
19491-3.33%400.3324.00
194921.49%406.3023.80
194930.41%407.9823.80
19494-0.18%407.2423.90
19495-4.91%387.2323.80
194966.26%411.4823.90
194974.17%428.6423.70
194981.87%436.6723.80
194993.14%450.3823.90
1949101.95%459.1623.70
1949113.24%474.0423.80
1949122.63%486.5123.60
195012.52%498.7823.50
195021.38%505.6423.50
195033.39%522.7623.60
195043.91%543.2223.60
195052.16%554.9823.70
19506-6.72%517.6723.80
195076.64%552.0324.10
195084.11%574.7124.30
195094.72%601.8424.40
1950100.38%604.1124.60
1950110.19%605.2824.70
1950128.01%653.7825.00
195114.31%681.9525.40
19512-1.11%674.3725.70
195131.93%687.3625.80
195140.63%691.6825.80
19515-1.15%683.7625.90
195162.37%699.9425.90
195174.97%734.6925.90
195183.14%757.7325.90
195190.03%757.9526.10
195110-2.25%740.8726.20
1951113.61%767.6426.40
1951123.83%797.0726.50
19521-1.33%786.4526.50
195220.75%792.3526.30
195230.20%793.9526.30
195240.46%797.6026.40
195253.24%823.4926.40
195263.37%851.2126.50
195270.88%858.7126.70
19528-1.11%849.1926.70
19529-1.61%835.5126.70
1952103.67%866.1526.70
1952114.51%905.2026.70
1952120.99%914.1526.70
19531-0.77%907.0826.60
195320.96%915.7626.50
19533-4.47%874.8026.60
195341.00%883.5826.60
19535-3.11%856.1226.70
195361.91%872.5026.80
195370.90%880.3426.80
19538-4.11%844.1926.90
195393.52%873.8826.90
1953102.71%897.5427.00
1953111.84%914.0326.90
1953123.02%941.6726.90
195412.68%966.8726.90
195422.58%991.8426.90
195434.45%1,035.9826.90
195444.42%1,081.8026.80
195451.22%1,095.0326.90
195464.46%1,143.8426.90
195472.39%1,171.2226.90
195482.74%1,203.3126.90
195492.71%1,235.9326.80
1954104.30%1,289.1026.80
1954114.95%1,352.9626.80
1954122.17%1,382.2926.70
195513.70%1,433.5026.70
19552-0.44%1,427.2526.70
195533.81%1,481.6026.70
19554-0.08%1,480.4426.70
195556.15%1,571.4126.70
195567.64%1,691.5326.70
19557-0.30%1,686.4726.80
195584.82%1,767.6926.80
19559-4.72%1,684.1726.90
1955107.07%1,803.1826.90
1955111.24%1,825.4926.90
195512-2.39%1,781.9026.80
195610.95%1,798.8226.80
195627.21%1,928.4426.80
195631.48%1,957.0426.80
19564-2.84%1,901.4926.90
19565-0.26%1,896.5027.00
195665.75%2,005.5327.20
19567-0.28%1,999.8227.40
19568-3.09%1,938.0527.30
19569-0.95%1,919.5727.40
195610-0.71%1,905.8927.50
1956111.81%1,940.3727.50
195612-1.86%1,904.2327.60
19571-4.00%1,828.1427.60
195721.62%1,857.7627.70
195732.64%1,906.8827.80
195744.16%1,986.2127.90
195751.95%2,025.0328.00
195762.32%2,072.0528.10
19577-5.21%1,964.2028.30
19578-3.74%1,890.7528.30
19579-5.90%1,779.2628.30
195710-1.80%1,747.2228.30
1957110.32%1,752.7828.40
1957122.33%1,793.6028.40
195810.70%1,806.1928.60
195822.42%1,849.8828.60
195830.90%1,866.4628.80
195843.56%1,932.8728.90
195852.74%1,985.7328.90
195863.07%2,046.7128.90
195874.05%2,129.6929.00
195882.94%2,192.3828.90
195894.36%2,287.9528.90
1958103.33%2,364.0528.90
1958112.16%2,415.1729.00
1958124.25%2,517.9328.90
19591-1.27%2,486.0829.00
195922.81%2,555.8428.90
195931.94%2,605.3428.90
195941.77%2,651.3329.00
19595-0.61%2,635.2629.00
195964.23%2,746.6629.10
19597-0.32%2,737.9229.20
19598-3.70%2,636.5229.20
195990.18%2,641.1829.30
1959100.67%2,658.8629.40
1959113.46%2,750.9429.40
195912-1.49%2,710.0629.40
19601-3.61%2,612.2529.30
19602-1.08%2,584.0929.40
196031.58%2,625.0329.40
19604-0.62%2,608.6329.50
196053.99%2,712.6729.50
19606-2.20%2,653.0929.60
196071.49%2,692.6529.60
19608-2.72%2,619.3929.60
19609-1.67%2,575.5429.60
1960103.54%2,666.7329.80
1960112.69%2,738.4929.80
1960125.43%2,887.1029.80
196114.37%3,013.3929.80
196123.40%3,115.7529.80
196132.92%3,206.7029.80
196141.26%3,247.2229.80
19615-1.08%3,212.1429.80
19616-0.03%3,211.2429.80
196173.84%3,334.5230.00
19618-0.54%3,316.4629.90
196191.34%3,361.0030.00
1961104.77%3,521.3930.00
1961111.16%3,562.3430.00
196112-3.49%3,438.1230.00
196211.91%3,503.7730.00
196220.34%3,515.7230.10
19623-2.94%3,412.1830.10
19624-7.19%3,167.0130.20
19625-11.41%2,805.5730.20
196262.72%2,881.8130.20
196273.02%2,968.9230.30
19628-0.59%2,951.3130.30
19629-2.86%2,867.0130.40
1962107.20%3,073.4630.40
1962114.62%3,215.5730.40
1962124.15%3,348.9130.40
196311.60%3,402.3430.40
19632-0.11%3,398.6630.40
196334.98%3,567.8530.50
196342.27%3,648.8230.50
196350.22%3,656.7330.50
19636-1.22%3,612.0530.60
196373.03%3,721.5330.70
196382.89%3,829.2230.70
196390.50%3,848.3630.70
196310-0.31%3,836.5630.80
1963112.39%3,928.3930.80
1963123.33%4,059.2130.90
196411.48%4,119.2830.90
196422.07%4,204.5930.90
196431.69%4,275.7830.90
196441.22%4,327.9630.90
19645-0.35%4,312.7930.90
196463.96%4,483.6231.00
19647-1.23%4,428.6631.10
196481.97%4,515.7131.00
196491.97%4,604.6731.10
1964100.94%4,647.8231.10
196411-1.49%4,578.5531.20
1964122.82%4,707.7031.20
196510.98%4,753.6031.20
196520.34%4,769.5531.20
196531.56%4,843.8531.30
196541.73%4,927.7731.40
19655-4.51%4,705.6631.40
196560.10%4,710.5031.60
196572.12%4,810.3031.60
196583.60%4,983.2831.60
196592.50%5,107.7131.60
1965101.08%5,162.6631.70
196511-0.21%5,151.7431.70
1965121.98%5,253.7731.80
19661-0.43%5,231.1531.80
19662-3.86%5,029.1132.00
196633.32%5,196.1232.10
19664-5.01%4,935.9232.30
19665-0.56%4,908.3032.30
196660.02%4,909.2132.40
19667-5.77%4,625.9732.50
19668-3.22%4,476.7932.70
19669-0.56%4,451.5332.70
1966105.32%4,688.1732.90
1966110.72%4,721.7332.90
1966124.13%4,916.7532.90
196713.73%5,100.1532.90
196722.63%5,234.4732.90
196731.99%5,338.7733.00
196742.06%5,448.6233.10
19675-0.99%5,394.5833.20
196761.99%5,502.0633.30
196771.85%5,603.9433.40
196781.65%5,696.6233.50
196790.10%5,702.1733.60
196710-2.88%5,537.8533.70
1967113.11%5,710.1833.80
196712-0.02%5,709.1833.90
19681-4.26%5,466.1434.10
19682-1.56%5,380.9134.20
196837.66%5,793.1834.30
196842.56%5,941.3534.40
196852.94%6,116.0734.50
196860.05%6,119.0634.70
19687-1.93%6,000.7234.90
196883.51%6,211.2135.00
196892.72%6,379.9835.10
1968101.79%6,493.9135.30
1968111.29%6,577.3835.40
196812-3.99%6,315.2635.50
19691-0.24%6,300.1935.60
19692-1.91%6,179.6235.80
196932.27%6,320.1636.10
196943.51%6,542.2236.30
19695-4.97%6,216.9836.40
19696-4.21%5,955.5436.60
19697-0.28%5,938.6536.80
196980.63%5,975.9737.00
196991.35%6,056.4437.10
1969101.00%6,116.8537.30
196911-5.03%5,809.3237.50
196912-0.59%5,775.1037.70
19701-3.20%5,590.5337.80
197022.01%5,703.0238.00
19703-2.75%5,546.3238.20
19704-11.20%4,925.1938.50
19705-0.27%4,911.9038.60
197060.52%4,937.5638.80
197073.26%5,098.3239.00
197086.32%5,420.6039.00
197092.49%5,555.5539.20
1970100.21%5,567.0339.40
1970117.16%5,965.5439.60
1970124.11%6,210.7639.80
197114.15%6,468.5839.80
197122.83%6,651.7639.90
197133.67%6,896.1340.00
19714-1.11%6,819.7340.10
19715-1.60%6,710.9040.30
19716-0.46%6,679.8340.60
19717-1.52%6,578.4940.70
197182.49%6,742.0640.80
19719-1.86%6,616.4140.80
197110-4.37%6,327.1740.90
1971117.16%6,780.4240.90
1971124.42%7,080.2941.10
197212.09%7,228.0541.10
197222.62%7,417.4041.30
197231.26%7,510.7841.40
19724-0.78%7,452.5041.50
197250.52%7,490.9641.60
19726-0.50%7,453.2241.70
197273.78%7,735.2341.90
19728-1.21%7,641.5942.00
197290.42%7,673.4942.10
1972105.25%8,076.6742.30
1972112.31%8,263.3742.40
1972120.99%8,345.1242.50
19731-3.33%8,067.6442.60
19732-1.35%7,959.1042.90
19733-1.63%7,829.1043.30
19734-2.57%7,627.9143.60
19735-1.99%7,476.1343.90
197361.21%7,566.6144.20
19737-1.64%7,442.8744.30
197382.00%7,591.3745.10
197394.24%7,912.8945.20
197310-6.85%7,370.6345.60
197311-6.81%6,869.0445.90
1973121.70%6,985.8446.20
19741-2.47%6,813.0946.60
197424.57%7,124.7747.20
19743-4.82%6,781.5947.80
19744-2.71%6,598.1148.00
197450.46%6,628.2748.60
19746-11.35%5,876.1749.00
19747-3.76%5,654.9549.40
19748-10.01%5,088.6950.00
197492.38%5,209.6450.60
1974103.74%5,404.6651.10
197411-6.09%5,075.4251.50
1974128.63%5,513.5751.90
1975110.81%6,109.4552.10
197524.97%6,413.3152.50
197531.49%6,508.6852.70
197546.71%6,945.5852.90
197552.89%7,146.6353.20
197560.43%7,177.5053.60
19757-7.00%6,675.3554.20
19758-0.85%6,618.4354.30
197594.97%6,947.4554.60
1975102.04%7,089.2954.90
197511-1.18%7,005.6755.30
1975129.55%7,674.3855.50
197614.18%7,995.0255.60
197620.80%8,059.1755.80
197631.10%8,147.4655.90
19764-0.38%8,116.2356.10
197650.90%8,189.3356.50
197662.67%8,407.6056.80
19767-0.56%8,360.4757.10
197682.44%8,564.2857.40
19769-3.11%8,298.0957.60
197610-0.37%8,267.6657.90
1976113.79%8,580.7258.00
197612-0.54%8,534.6258.20
19771-2.37%8,332.4758.50
19772-0.05%8,327.9559.10
19773-1.19%8,228.5459.50
197740.06%8,233.8560.00
197750.90%8,307.9460.30
197761.28%8,414.4860.70
19777-2.08%8,239.5861.00
19778-1.18%8,142.7361.20
19779-2.20%7,963.7761.40
1977100.98%8,041.9061.60
197711-0.08%8,035.4661.90
197712-3.39%7,763.0362.10
19781-0.97%7,687.5762.50
197820.27%7,708.0062.90
197834.83%8,080.2963.40
197845.50%8,525.0663.90
197850.67%8,582.4864.50
19786-0.06%8,577.1365.20
197877.33%9,205.6865.70
197880.40%9,242.4766.00
19789-2.77%8,986.1366.50
197810-5.44%8,497.5067.10
1978111.92%8,660.8967.40
1978124.19%9,023.3767.70
19791-1.06%8,928.0068.30
197922.34%9,137.0269.10
197932.43%9,359.1369.80
19794-1.89%9,181.9670.60
197952.42%9,403.9571.50
197961.42%9,537.5672.30
197975.01%10,015.8173.10
197981.54%10,170.1073.80
19799-3.35%9,829.1474.60
197910-0.32%9,797.4575.20
1979114.40%10,228.9375.90
1979123.31%10,567.7676.70
198014.40%11,032.3077.80
19802-8.78%10,063.9078.90
19803-1.16%9,946.9680.10
198045.04%10,447.9081.00
198056.86%11,164.9181.80
198064.97%11,719.7482.70
198073.50%12,130.4882.70
198082.84%12,474.4883.30
198093.32%12,889.2384.00
1980104.61%13,484.0284.80
198011-1.24%13,316.1885.50
1980120.01%13,317.5186.30
19811-3.07%12,908.6487.00
198124.14%13,443.4887.90
198131.29%13,617.4188.50
19814-1.62%13,397.1889.10
198150.86%13,512.0789.80
19816-2.02%13,239.6490.60
198170.80%13,345.8991.60
19818-8.30%12,237.8392.30
198191.73%12,449.2093.20
1981103.04%12,828.1293.40
1981111.18%12,979.4193.70
198112-4.80%12,355.8794.00
19821-1.91%12,119.3994.30
19822-2.74%11,786.7794.60
198235.47%12,431.4294.50
198240.57%12,502.2494.90
19825-5.27%11,843.2995.80
198260.24%11,872.1797.00
198270.79%11,966.4497.50
1982812.10%13,413.9497.70
198298.88%14,605.2997.90
1982104.50%15,262.5198.20
1982111.36%15,469.3998.00
1982123.93%16,076.6897.60
198312.13%16,419.1297.80
198323.87%17,053.8297.90
198334.20%17,769.6497.90
198344.42%18,555.7798.60
198351.75%18,881.1499.20
198360.71%19,014.8599.50
19837-2.41%18,557.1299.90
198383.31%19,172.08100.20
198390.65%19,296.30100.70
198310-1.14%19,076.04101.00
198311-0.13%19,051.60101.20
1983121.58%19,351.84101.30
19841-5.11%18,362.54101.90
198420.44%18,443.77102.40
198430.51%18,537.32102.60
19844-0.25%18,490.50103.10
19845-1.85%18,148.74103.40
19846-0.91%17,983.86103.70
198479.21%19,639.56104.10
198481.41%19,915.88104.50
19849-0.41%19,833.75105.00
1984101.29%20,088.79105.30
198411-0.71%19,946.65105.30
1984124.70%20,883.66105.30
198515.79%22,092.27105.50
19852-0.48%21,986.60106.00
198531.02%22,211.90106.40
198542.74%22,819.54106.90
198552.51%23,392.53107.30
198562.25%23,918.21107.60
19857-1.85%23,476.84107.80
19858-1.88%23,034.31108.00
198591.50%23,378.80108.30
1985106.42%24,879.84108.70
1985115.29%26,197.11109.00
1985120.75%26,394.04109.30
198615.70%27,897.77109.60
198626.18%29,622.63109.30
198632.74%30,434.71108.80
198640.49%30,584.40108.60
198653.13%31,542.68108.90
19866-1.80%30,973.68109.50
198672.28%31,680.14109.50
19868-2.46%30,902.00109.70
19869-0.09%30,874.23110.20
1986103.53%31,965.00110.30
1986111.71%32,511.26110.40
1986126.67%34,680.86110.50
198716.46%36,921.89111.20
198724.38%38,537.75111.60
19873-0.86%38,207.70112.10
198740.17%38,273.74112.70
198754.50%39,995.46113.10
198763.12%41,244.16113.50
198776.45%43,906.06113.80
19878-3.03%42,575.52114.40
19879-11.85%37,528.67115.00
198710-12.30%32,911.36115.30
198711-1.33%32,472.09115.40
1987124.25%33,851.04115.40
198813.33%34,977.79115.70
198823.23%36,108.29116.00
19883-0.89%35,788.36116.50
19884-2.19%35,005.22117.10
198856.00%37,104.90117.50
19886-0.31%36,991.02118.00
19887-1.72%36,355.33118.50
198881.93%37,055.96119.00
198893.80%38,464.69119.80
198810-2.02%37,687.61120.20
1988112.33%38,564.20120.30
1988123.51%39,918.83120.50
198913.30%41,236.09121.10
19892-0.16%41,169.43121.60
198933.56%42,637.04122.30
198944.12%44,391.68123.10
198953.39%45,897.72123.80
198962.80%47,182.94124.10
198974.69%49,396.18124.40
198980.46%49,621.19124.60
198990.29%49,763.24125.00
198910-1.81%48,860.76125.60
1989112.74%50,197.93125.90
198912-2.21%49,087.94126.10
19901-2.53%47,847.40127.40
199022.71%49,142.71128.00
199030.20%49,239.02128.70
199043.85%51,135.18128.90
199053.17%52,756.14129.20
199060.17%52,845.68129.90
19907-7.86%48,691.36130.40
19908-4.34%46,577.64131.60
19909-2.32%45,499.01132.70
1990102.98%46,856.62133.50
1990114.59%49,005.75133.80
199012-0.69%48,669.97133.80
1991111.61%54,318.99134.60
199123.04%55,972.79134.80
199132.26%57,237.12135.00
19914-0.18%57,134.74135.20
199150.35%57,333.00135.60
199160.78%57,780.48136.00
199172.68%59,328.38136.20
19918-0.30%59,148.55136.60
199190.18%59,255.99137.20
1991100.02%59,265.35137.40
1991110.94%59,819.57137.80
1991127.36%64,221.11137.90
19921-0.60%63,835.24138.10
19922-1.01%63,188.98138.60
199230.26%63,355.99139.30
199242.07%64,666.42139.50
19925-1.33%63,806.92139.70
199261.91%65,026.99140.20
199270.94%65,639.37140.50
199280.38%65,887.61140.90
19929-1.18%65,108.78141.30
1992102.76%66,903.76141.80
1992113.27%69,092.32142.00
1992120.14%69,191.05141.90
199311.72%70,384.07142.60
199322.15%71,897.44143.10
19933-1.34%70,932.76143.60
199340.72%71,446.82144.00
199350.87%72,064.97144.20
199360.06%72,108.93144.40
199371.76%73,379.83144.40
199381.35%74,374.10144.80
199391.24%75,297.76145.10
1993100.01%75,303.44145.70
1993110.89%75,971.52145.80
1993121.74%77,290.29145.80
19941-0.08%77,231.78146.20
19942-1.42%76,132.14146.70
19943-3.35%73,584.47147.20
199441.06%74,363.18147.40
199451.11%75,187.19147.50
19946-0.52%74,797.06148.00
199473.08%77,102.37148.40
199480.82%77,732.65149.00
19949-0.44%77,387.51149.40
199410-0.37%77,101.27149.50
199411-1.03%76,310.44149.70
1994122.45%78,180.94149.70
199513.82%81,166.74150.30
199522.56%83,243.12150.90
199533.22%85,919.85151.40
199543.35%88,796.24151.90
199553.18%91,618.56152.20
199563.55%94,868.71152.50
199570.51%95,355.51152.50
199583.72%98,900.50152.90
199590.91%99,803.04153.20
1995102.36%102,156.78153.70
1995113.39%105,619.01153.60
1995120.16%105,790.73153.50
199615.90%112,037.03154.40
19962-0.20%111,812.17154.90
199630.20%112,032.49155.70
199642.35%114,670.66156.30
199651.28%116,136.83156.60
19966-3.48%112,099.26156.70
199673.08%115,547.15157.00
199682.02%117,885.51157.30
199694.12%122,741.80157.80
1996105.05%128,942.82158.30
1996111.20%130,487.85158.60
1996123.26%134,738.54158.60
199714.36%140,614.71159.10
19972-0.62%139,737.72159.60
19973-3.41%134,979.30160.00
199749.22%147,421.47160.20
199755.34%155,289.09160.10
199765.74%164,196.36160.30
199770.35%164,767.42160.50
199781.19%166,731.46160.80
199791.65%169,474.82161.20
199710-1.15%167,522.39161.60
1997112.63%171,935.97161.50
1997120.24%172,343.61161.30
199816.40%183,377.32161.60
199825.31%193,119.92161.90
199833.41%199,696.96162.20
19984-0.22%199,253.91162.50
199850.12%199,485.96162.80
199864.47%208,398.33163.00
19987-6.97%193,870.86163.20
19988-4.90%184,374.20163.40
199891.29%186,754.20163.60
19981010.97%207,249.33164.00
1998114.10%215,755.06164.00
1998125.05%226,645.70163.90
19991-0.07%226,494.50164.30
199922.92%233,116.09164.50
199934.25%243,023.58165.00
19994-0.10%242,783.39166.20
19995-0.61%241,298.12166.20
199964.52%252,210.56166.20
19997-3.77%242,691.16166.70
19998-0.60%241,239.83167.10
19999-1.27%238,170.12167.90
1999107.11%255,094.37168.20
1999112.81%262,259.28168.30
199912-0.12%261,947.37168.30
20001-2.48%255,456.11168.80
200023.94%265,523.52169.80
200031.42%269,306.34171.20
20004-2.84%261,661.29171.30
200053.16%269,938.89171.50
200060.85%272,234.29172.40
200070.94%274,792.51172.80
20008-1.08%271,825.71172.80
20009-5.21%257,652.09173.70
200010-0.77%255,661.57174.00
200011-3.32%247,173.41174.10
2000120.46%248,298.07174.00
20011-2.14%242,993.79175.10
20012-9.08%220,930.19175.80
200130.45%221,921.49176.20
200146.88%237,188.20176.90
20015-2.39%231,522.60177.70
20016-2.66%225,363.57178.00
20017-2.05%220,753.00177.50
20018-11.25%195,924.19177.50
200193.18%202,162.48178.30
2001105.05%212,378.04177.70
2001111.47%215,491.61177.40
200112-0.30%214,850.12176.70
20021-3.35%207,646.69177.10
200224.95%217,915.38177.80
20023-3.51%210,256.89178.80
20024-2.82%204,326.87179.80
20025-5.92%192,228.76179.80
20026-10.76%171,547.83179.90
200271.14%173,501.40180.10
20028-4.76%165,246.67180.70
20029-1.37%162,987.68181.00
2002106.63%173,786.55181.30
200211-1.04%171,987.75181.30
200212-0.22%171,605.05180.90
20031-6.41%160,596.87181.70
200321.31%162,697.31183.10
200335.29%171,297.26184.20
200345.31%180,396.94183.80
200355.70%190,687.11183.50
200360.60%191,823.42183.70
20037-0.17%191,504.37183.90
200383.16%197,558.17184.60
200392.03%201,564.31185.20
2003101.21%204,004.42185.00
2003113.06%210,254.73184.50
2003124.93%220,630.72184.30
200411.09%223,028.23185.20
20042-1.57%219,537.40186.20
200430.97%221,662.82187.40
20044-2.56%215,978.82188.00
200452.86%222,150.80189.10
20046-2.24%217,177.33189.70
20047-1.39%214,163.84189.40
200482.78%220,123.22189.50
200490.10%220,349.06189.90
2004104.77%230,868.29190.90
2004112.73%237,165.10191.00
200412-1.35%233,965.22190.30
200511.68%237,898.66190.70
20052-0.26%237,290.62191.80
20053-2.41%231,574.48193.30
200541.34%234,668.02194.60
200552.18%239,785.42194.40
200561.81%244,120.23194.50
200570.31%244,877.05195.40
200580.28%245,561.95196.40
20059-2.62%239,117.86198.80
2005103.96%248,590.62199.20
2005112.14%253,920.73197.60
2005121.47%257,645.16196.80
20061-0.02%257,602.29198.30
200621.49%261,430.62198.70
200630.80%263,517.70199.80
20064-0.79%261,444.77201.50
20065-2.71%254,370.62202.50
200660.72%256,202.19202.90
200672.29%262,073.73203.50
200682.53%268,707.27203.90
200693.62%278,423.49202.90
2006102.00%283,996.54201.80
2006112.15%290,097.53201.50
2006120.69%292,107.41201.80
200711.60%296,769.58202.42
20072-2.47%289,427.82203.50
200734.18%301,526.66205.35
200743.39%311,753.70206.69
200750.34%312,828.94207.95
200760.57%314,626.52208.35
20077-4.20%301,408.72208.30
200783.07%310,676.27207.92
200792.99%319,970.56208.49
200710-4.81%304,591.78208.94
2007111.24%308,363.30210.18
200712-6.64%287,902.79210.04
20081-1.56%283,400.09211.08
20082-2.63%275,956.20211.69
200834.24%287,667.23213.53
200842.56%295,039.01214.82
20085-4.25%282,509.93216.63
20086-6.08%265,337.65218.82
200872.11%270,937.69219.96
20088-4.85%257,803.89219.09
20089-20.19%205,744.04218.78
200810-8.61%188,039.05216.57
200811-0.35%187,378.62212.43
200812-1.10%185,325.79210.23
20091-6.70%172,904.31211.14
20092-5.69%163,070.49212.19
2009312.32%183,163.63212.71
200946.66%195,362.00213.24
200952.87%200,966.66213.86
200961.28%203,534.30215.69
200978.12%220,062.80215.35
200983.65%228,095.85215.83
200992.40%233,577.24215.97
2009102.09%238,469.11216.18
2009112.23%243,777.09216.33
2009121.36%247,085.07215.95
20101-2.90%239,923.37216.69
201025.94%254,182.10216.74
201034.09%264,572.89217.63
20104-5.88%249,009.66218.01
20105-3.54%240,185.85218.18
20106-0.16%239,803.77217.97
201070.86%241,874.75218.01
201083.37%250,028.72218.31
201094.58%261,473.62218.44
2010102.49%267,986.71218.71
2010113.71%277,939.03218.80
2010123.46%287,561.81219.18
201113.15%296,622.50220.22
20112-1.11%293,322.69221.31
201132.22%299,837.33223.47
201140.66%301,813.97224.91
20115-3.66%290,759.73225.96
201163.10%299,778.32225.72
20117-10.40%268,599.44225.92
20118-0.79%266,479.53226.55
201193.02%274,524.30226.89
2011101.77%279,375.48226.42
2011111.55%283,719.07226.23
2011124.78%297,288.10225.67
201214.16%309,663.04226.67
201222.88%318,593.22227.66
20123-0.04%318,471.48229.39
20124-3.09%308,627.68230.09
20125-1.15%305,071.02229.82
201262.92%313,982.41229.48
201273.39%324,619.20229.10
201283.02%334,426.48230.38
20129-0.22%333,700.33231.41
201210-2.84%324,231.60231.32
2012112.18%331,285.37230.22
2012124.27%345,427.15229.60
201312.33%353,486.05230.28
201322.72%363,109.54232.17
201331.45%368,388.40232.77
201344.57%385,239.47232.53
20135-1.12%380,933.36232.95
201363.25%393,330.75233.50
201370.25%394,324.02233.60
201381.19%399,026.21233.88
201392.12%407,475.79234.15
2013103.86%423,204.33233.55
2013111.52%429,644.07233.07
2013120.97%433,802.20233.05
20141-0.13%433,238.10233.92
201422.72%445,032.01234.78
201430.20%445,929.74236.29
201441.53%452,761.54237.07
201453.20%467,233.24237.90
201461.50%474,222.22238.34
20147-0.43%472,197.52238.25
201481.78%480,593.35237.85
20149-2.65%467,874.05238.03
2014105.71%494,569.31237.43
2014110.63%497,704.33236.15
201412-1.11%492,179.58234.81
201512.83%506,095.46233.71
201520.06%506,375.65234.72
201530.88%510,823.70236.12
201540.98%515,824.18236.60
20155-0.44%513,577.76237.81
20156-0.08%513,168.80238.64
20157-2.42%500,727.55238.65
20158-4.51%478,159.28238.32
201594.32%498,801.98237.95
2015102.93%513,429.20237.84
201511-1.10%507,766.23237.34
201512-6.42%475,169.56236.53
20161-0.55%472,556.56236.92
201626.36%502,624.05237.11
201632.83%516,854.64238.13
20164-0.30%515,281.52239.26
201651.07%520,776.94240.23
201663.30%537,949.25241.02
201671.20%544,400.64240.63
20168-0.44%542,012.51240.85
20169-0.51%539,270.03241.43
2016101.20%545,747.53241.73
2016113.95%567,282.53241.35
2016121.44%575,437.98241.43
201712.58%590,263.83242.84
201721.75%600,589.06243.60
20173-0.15%599,664.12243.80
201741.69%609,812.68244.52
201751.78%620,645.56244.73
201760.99%626,776.82244.96
201770.25%628,330.01244.79
201781.65%638,717.95245.52
201792.73%656,185.61246.82
2017101.59%666,616.13246.66
2017112.88%685,837.92246.67
2017124.86%719,182.66246.52
20181-2.89%698,422.11247.87
201820.06%698,873.14248.99
20183-1.66%687,244.08249.55
201841.96%700,725.21250.55
201852.11%715,531.32251.59
201861.58%726,842.03251.99
201872.45%744,655.51252.01
201881.68%757,163.84252.15
20189-3.85%728,020.71252.44
201810-2.08%712,906.21252.89
201811-5.56%673,250.72252.04
2018121.74%684,935.90251.23
201915.83%724,860.15251.71
201921.95%738,980.58252.78
201933.72%766,494.45254.20
20194-1.53%754,753.38255.55
201951.40%765,355.77256.09
201963.83%794,648.57256.14
20197-3.13%769,740.99256.57
201983.09%793,489.25256.56
201990.01%793,567.03256.76
2019104.43%828,751.35257.35
2019112.47%849,215.87257.21
2019123.35%877,634.01256.97
202010.12%878,705.40257.97
20202-18.92%712,474.47258.68
202034.32%743,243.50258.12
202045.89%787,000.96256.39
202056.51%838,221.12256.39
202063.48%867,361.33257.80
202075.89%918,479.31259.10
20208-0.63%912,720.42259.92
202091.73%928,473.99260.28
2020103.95%965,186.93260.39
2020114.26%1,006,304.67260.23
2020122.80%1,034,433.90260.47
202112.49%1,060,207.12261.58
202120.82%1,068,915.21263.01
202136.02%1,133,279.79264.88
202140.76%1,141,895.34267.05
202151.81%1,162,568.48269.20
202163.07%1,198,238.42271.70
202172.19%1,224,421.87273.00
20218-0.08%1,223,387.25273.57
202190.45%1,228,919.11274.31
2021104.74%1,287,228.18276.59
2021110.27%1,290,644.53277.95
202112-2.05%1,264,161.11278.80
20221-2.90%1,227,467.95281.15
20222-0.89%1,216,511.77283.72
202230.12%1,217,950.93287.50
20224-7.87%1,122,064.94289.11
20225-3.37%1,084,258.25292.30
20226-1.60%1,066,955.03296.31
Click to show 1146 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 1926. This would result in a final amount of $933,793.14, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $1,066,955.03).

YearMonthContribution ($)Amount ($)
192614.164.17
192624.167.78
192634.1611.64
192644.1615.96
192654.1621.15
192664.1626.47
192674.1631.96
192684.1636.81
192694.1640.20
1926104.1645.11
1926114.1650.58
1926124.1654.59
192714.1660.13
192724.1665.54
192734.1671.69
192744.1678.76
192754.1684.32
192764.1690.78
192774.16100.36
192784.16110.84
192794.16113.65
1927104.16120.92
1927114.16128.46
1927124.32133.79
19281-132.68
19282-140.30
19283-149.65
19284-154.79
19285-147.72
19286-149.34
19287-154.70
19288-166.11
19289-170.02
192810-182.06
192811-183.33
192812-197.43
19291-199.03
19292-203.12
19293-202.50
19294-206.14
19295-210.68
19296-230.06
19297-243.77
19298-254.12
19299-227.88
192910-168.19
192911-175.55
192912-178.76
19301-190.62
19302-198.48
19303-211.75
19304-199.78
19305-180.27
19306-177.09
19307-175.51
19308-176.11
19309-152.56
193010-142.19
193011-133.39
193012-138.13
19311-149.38
19312-152.93
19313-139.05
19314-126.31
19315-122.93
19316-127.67
19317-124.50
19318-106.61
19319-93.01
193110-94.93
193111-77.74
193112-77.08
19321-77.05
19322-77.93
19323-59.83
19324-53.06
19325-46.48
19326-49.36
19327-74.71
19328-82.45
19329-71.55
193210-71.31
193211-69.43
193212-72.60
19331-64.42
19332-64.64
19333-71.91
19334-92.99
19335-109.34
19336-118.59
19337-113.09
19338-112.54
19339-101.99
193310-104.84
193311-107.28
193312-113.80
19341-122.62
19342-116.74
19343-119.10
19344-107.39
19345-109.22
19346-104.46
19347-100.79
19348-98.77
19349-99.96
193410-103.17
193411-104.26
193412-104.69
19351-101.94
19352-95.90
19353-103.51
19354-112.07
19355-116.74
19356-123.28
19357-132.04
19358-135.25
19359-139.29
193510-152.82
193511-153.27
193512-162.19
19361-171.97
19362-176.12
19363-176.85
19364-167.97
19365-175.66
19366-186.61
19367-190.89
19368-193.65
19369-204.40
193610-210.74
193611-207.79
193612-214.97
19371-222.07
19372-222.58
19373-210.06
19374-201.48
19375-194.76
19376-207.21
19377-210.18
19378-181.26
19379-155.70
193710-142.83
193711-141.38
193712-145.95
19381-143.32
19382-134.70
19383-130.06
19384-132.08
19385-135.96
19386-163.81
19387-165.54
19388-158.78
19389-177.23
193810-178.05
193811-173.51
193812-171.50
19391-170.71
19392-171.17
19393-150.21
19394-156.37
19395-159.76
19396-164.29
19397-162.54
19398-180.51
19399-183.01
193910-180.43
193911-176.87
193912-176.61
19401-176.20
19402-175.95
19403-178.45
19404-154.64
19405-142.12
19406-147.62
19407-151.53
19408-158.74
19409-161.07
194010-165.66
194011-159.71
194012-160.86
19411-151.66
19412-153.44
19413-149.53
19414-147.16
19415-153.20
19416-161.95
19417-162.08
19418-163.47
19419-157.86
194110-151.41
194111-142.51
194112-146.24
19421-142.61
19422-135.82
19423-131.13
19424-133.58
19425-141.26
19426-147.45
19427-147.52
19428-149.97
19429-161.92
194210-165.41
194211-167.15
194212-178.03
19431-189.48
19432-197.09
19433-204.55
19434-213.47
19435-218.13
19436-223.52
19437-213.38
19438-218.82
19439-217.73
194310-208.57
194311-212.26
194312-220.04
19441-219.51
19442-226.62
19443-223.65
19444-228.58
19445-240.33
19446-247.59
19447-244.98
19448-241.98
19449-248.95
194410-248.25
194411-254.70
194412-263.32
19451-273.15
19452-274.01
19453-281.96
19454-293.69
19455-300.12
19456-295.03
19457-297.11
19458-318.44
19459-332.82
194510-344.82
194511-351.80
194512-366.93
19461-369.07
19462-359.19
19463-383.51
19464-385.49
19465-384.19
19466-374.40
19467-368.32
19468-315.20
19469-309.30
194610-309.26
194611-319.76
194612-322.70
19471-336.48
19472-324.12
19473-313.43
19474-309.16
19475-321.28
19476-342.78
19477-337.44
19478-330.13
19479-340.12
194710-337.64
194711-333.85
194712-330.96
19481-316.24
19482-322.31
19483-348.70
19484-367.28
19485-384.13
19486-376.61
19487-367.24
19488-364.75
19489-376.38
194810-357.18
194811-356.62
194812-362.43
19491-350.37
19492-355.59
19493-357.06
19494-356.41
19495-338.90
19496-360.13
19497-375.15
19498-382.17
19499-394.17
194910-401.85
194911-414.88
194912-425.79
19501-436.53
19502-442.53
19503-457.52
19504-475.43
19505-485.72
19506-453.06
19507-483.13
19508-502.98
19509-526.73
195010-528.71
195011-529.74
195012-572.19
19511-596.84
19512-590.20
19513-601.57
19514-605.35
19515-598.42
19516-612.58
19517-643.00
19518-663.16
19519-663.35
195110-648.40
195111-671.83
195112-697.59
19521-688.30
19522-693.46
19523-694.86
19524-698.06
19525-720.71
19526-744.97
19527-751.53
19528-743.20
19529-731.23
195210-758.05
195211-792.23
195212-800.06
19531-793.87
19532-801.47
19533-765.62
19534-773.30
19535-749.27
19536-763.61
19537-770.47
19538-738.83
19539-764.81
195310-785.52
195311-799.95
195312-824.14
19541-846.20
19542-868.05
19543-906.68
19544-946.78
19545-958.36
19546-1,001.08
19547-1,025.05
19548-1,053.13
19549-1,081.68
195410-1,128.21
195411-1,184.10
195412-1,209.78
19551-1,254.60
19552-1,249.12
19553-1,296.69
19554-1,295.67
19555-1,375.29
19556-1,480.42
19557-1,475.99
19558-1,547.08
19559-1,473.98
195510-1,578.13
195511-1,597.66
195512-1,559.51
19561-1,574.31
19562-1,687.76
19563-1,712.79
19564-1,664.17
19565-1,659.81
19566-1,755.23
19567-1,750.23
19568-1,696.17
19569-1,680.00
195610-1,668.03
195611-1,698.20
195612-1,666.57
19571-1,599.98
19572-1,625.90
19573-1,668.89
19574-1,738.32
19575-1,772.29
19576-1,813.45
19577-1,719.06
19578-1,654.77
19579-1,557.20
195710-1,529.16
195711-1,534.02
195712-1,569.75
19581-1,580.77
19582-1,619.00
19583-1,633.52
19584-1,691.63
19585-1,737.90
19586-1,791.27
19587-1,863.89
19588-1,918.76
19589-2,002.40
195810-2,069.01
195811-2,113.75
195812-2,203.68
19591-2,175.80
19592-2,236.86
19593-2,280.18
19594-2,320.43
19595-2,306.36
19596-2,403.87
19597-2,396.21
19598-2,307.47
19599-2,311.55
195910-2,327.02
195911-2,407.60
195912-2,371.83
19601-2,286.23
19602-2,261.58
19603-2,297.41
19604-2,283.06
19605-2,374.11
19606-2,321.97
19607-2,356.59
19608-2,292.47
19609-2,254.10
196010-2,333.91
196011-2,396.71
196012-2,526.78
19611-2,637.30
19612-2,726.89
19613-2,806.49
19614-2,841.95
19615-2,811.25
19616-2,810.46
19617-2,918.35
19618-2,902.54
19619-2,941.53
196110-3,081.90
196111-3,117.74
196112-3,009.02
19621-3,066.48
19622-3,076.94
19623-2,986.32
19624-2,771.75
19625-2,455.42
19626-2,522.14
19627-2,598.39
19628-2,582.97
19629-2,509.19
196210-2,689.87
196211-2,814.25
196212-2,930.95
19631-2,977.71
19632-2,974.49
19633-3,122.56
19634-3,193.43
19635-3,200.35
19636-3,161.24
19637-3,257.07
19638-3,351.31
19639-3,368.07
196310-3,357.74
196311-3,438.10
196312-3,552.60
19641-3,605.17
19642-3,679.84
19643-3,742.14
19644-3,787.81
19645-3,774.53
19646-3,924.04
19647-3,875.94
19648-3,952.12
19649-4,029.98
196410-4,067.74
196411-4,007.12
196412-4,120.15
19651-4,160.33
19652-4,174.29
19653-4,239.31
19654-4,312.76
19655-4,118.37
19656-4,122.60
19657-4,209.95
19658-4,361.34
19659-4,470.24
196510-4,518.33
196511-4,508.77
196512-4,598.07
19661-4,578.28
19662-4,401.45
19663-4,547.62
19664-4,319.89
19665-4,295.72
19666-4,296.51
19667-4,048.63
19668-3,918.06
19669-3,895.95
196610-4,103.06
196611-4,132.43
196612-4,303.11
19671-4,463.62
19672-4,581.18
19673-4,672.46
19674-4,768.60
19675-4,721.31
19676-4,815.37
19677-4,904.54
19678-4,985.65
19679-4,990.51
196710-4,846.70
196711-4,997.51
196712-4,996.64
19681-4,783.93
19682-4,709.34
19683-5,070.16
19684-5,199.84
19685-5,352.75
19686-5,355.37
19687-5,251.80
19688-5,436.02
19689-5,583.72
196810-5,683.43
196811-5,756.48
196812-5,527.08
19691-5,513.89
19692-5,408.37
19693-5,531.37
19694-5,725.71
19695-5,441.07
19696-5,212.26
19697-5,197.47
19698-5,230.14
19699-5,300.56
196910-5,353.43
196911-5,084.29
196912-5,054.34
19701-4,892.80
19702-4,991.25
19703-4,854.11
19704-4,310.50
19705-4,298.86
19706-4,321.33
19707-4,462.02
19708-4,744.08
19709-4,862.18
197010-4,872.24
197011-5,221.01
197012-5,435.63
19711-5,661.26
19712-5,821.58
19713-6,035.46
19714-5,968.59
19715-5,873.34
19716-5,846.15
19717-5,757.46
19718-5,900.61
19719-5,790.64
197110-5,537.50
197111-5,934.19
197112-6,196.63
19721-6,325.95
19722-6,491.67
19723-6,573.39
19724-6,522.39
19725-6,556.05
19726-6,523.02
19727-6,769.83
19728-6,687.88
19729-6,715.80
197210-7,068.66
197211-7,232.05
197212-7,303.60
19731-7,060.75
19732-6,965.76
19733-6,851.99
19734-6,675.91
19735-6,543.07
19736-6,622.26
19737-6,513.96
19738-6,643.93
19739-6,925.32
197310-6,450.74
197311-6,011.75
197312-6,113.97
19741-5,962.78
19742-6,235.56
19743-5,935.21
19744-5,774.63
19745-5,801.03
19746-5,142.80
19747-4,949.18
19748-4,453.59
19749-4,559.45
197410-4,730.13
197411-4,441.98
197412-4,825.44
19751-5,346.96
19752-5,612.89
19753-5,696.36
19754-6,078.73
19755-6,254.69
19756-6,281.71
19757-5,842.23
19758-5,792.41
19759-6,080.37
197510-6,204.51
197511-6,131.32
197512-6,716.57
19761-6,997.20
19762-7,053.34
19763-7,130.61
19764-7,103.28
19765-7,167.25
19766-7,358.28
19767-7,317.03
19768-7,495.41
19769-7,262.44
197610-7,235.81
197611-7,509.80
197612-7,469.45
19771-7,292.53
19772-7,288.58
19773-7,201.58
19774-7,206.22
19775-7,271.06
19776-7,364.31
19777-7,211.23
19778-7,126.48
19779-6,969.85
197710-7,038.23
197711-7,032.59
197712-6,794.16
19781-6,728.12
19782-6,745.99
19783-7,071.83
19784-7,461.08
19785-7,511.34
19786-7,506.66
19787-8,056.76
19788-8,088.96
19789-7,864.61
197810-7,436.96
197811-7,579.96
197812-7,897.21
19791-7,813.74
19792-7,996.67
19793-8,191.06
19794-8,036.00
19795-8,230.28
19796-8,347.22
19797-8,765.78
19798-8,900.81
19799-8,602.41
197910-8,574.67
197911-8,952.30
197912-9,248.84
19801-9,655.41
19802-8,807.87
19803-8,705.52
19804-9,143.94
19805-9,771.46
19806-10,257.05
19807-10,616.53
19808-10,917.59
19809-11,280.58
198010-11,801.14
198011-11,654.25
198012-11,655.41
19811-11,297.57
19812-11,765.66
19813-11,917.88
19814-11,725.14
19815-11,825.69
19816-11,587.26
19817-11,680.25
19818-10,710.48
19819-10,895.47
198110-11,227.10
198111-11,359.51
198112-10,813.79
19821-10,606.82
19822-10,315.71
19823-10,879.91
19824-10,941.89
19825-10,365.18
19826-10,390.46
19827-10,472.96
19828-11,739.81
19829-12,782.47
198210-13,357.67
198211-13,538.73
198212-14,070.23
19831-14,369.92
19832-14,925.41
19833-15,551.89
19834-16,239.90
19835-16,524.67
19836-16,641.69
19837-16,241.09
19838-16,779.29
19839-16,888.01
198310-16,695.25
198311-16,673.86
198312-16,936.63
19841-16,070.80
19842-16,141.89
19843-16,223.76
19844-16,182.78
19845-15,883.67
19846-15,739.38
19847-17,188.43
19848-17,430.27
19849-17,358.39
198410-17,581.60
198411-17,457.20
198412-18,277.26
19851-19,335.03
19852-19,242.55
19853-19,439.73
19854-19,971.53
19855-20,473.01
19856-20,933.08
19857-20,546.80
19858-20,159.50
19859-20,461.00
198510-21,774.70
198511-22,927.56
198512-23,099.92
19861-24,415.97
19862-25,925.56
19863-26,636.29
19864-26,767.29
19865-27,605.98
19866-27,107.99
19867-27,726.28
19868-27,045.26
19869-27,020.95
198610-27,975.59
198611-28,453.68
198612-30,352.50
19871-32,313.84
19872-33,728.02
19873-33,439.17
19874-33,496.97
19875-35,003.81
19876-36,096.66
19877-38,426.34
19878-37,261.86
19879-32,844.88
198710-28,803.84
198711-28,419.40
198712-29,626.24
19881-30,612.37
19882-31,601.78
19883-31,321.78
19884-30,636.37
19885-32,474.01
19886-32,374.34
19887-31,817.99
19888-32,431.17
19889-33,664.08
198810-32,983.99
198811-33,751.18
198812-34,936.74
19891-36,089.60
19892-36,031.26
19893-37,315.70
19894-38,851.36
19895-40,169.43
19896-41,294.25
19897-43,231.26
19898-43,428.19
19899-43,552.51
198910-42,762.66
198911-43,932.95
198912-42,961.50
19901-41,875.78
19902-43,009.43
19903-43,093.72
19904-44,753.23
19905-46,171.88
19906-46,250.25
19907-42,614.41
19908-40,764.49
19909-39,820.48
199010-41,008.65
199011-42,889.56
199012-42,595.69
19911-47,539.68
19912-48,987.08
19913-50,093.61
19914-50,004.01
19915-50,177.53
19916-50,569.15
19917-51,923.87
19918-51,766.49
19919-51,860.52
199110-51,868.71
199111-52,353.75
199112-56,205.96
19921-55,868.25
19922-55,302.65
19923-55,448.82
19924-56,595.69
19925-55,843.46
19926-56,911.27
19927-57,447.21
19928-57,664.47
19929-56,982.84
199210-58,553.80
199211-60,469.22
199212-60,555.62
19931-61,599.75
19932-62,924.24
19933-62,079.96
19934-62,529.87
19935-63,070.86
19936-63,109.34
19937-64,221.62
19938-65,091.80
19939-65,900.18
199310-65,905.16
199311-66,489.85
199312-67,644.04
19941-67,592.83
19942-66,630.43
19943-64,400.73
19944-65,082.24
19945-65,803.41
19946-65,461.98
19947-67,479.56
19948-68,031.19
19949-67,729.12
199410-67,478.60
199411-66,786.47
199412-68,423.52
19951-71,036.68
19952-72,853.92
19953-75,196.58
19954-77,713.98
19955-80,184.06
19956-83,028.57
19957-83,454.61
19958-86,557.17
19959-87,347.07
199510-89,407.05
199511-92,437.17
199512-92,587.46
19961-98,054.19
19962-97,857.39
19963-98,050.22
19964-100,359.13
19965-101,642.31
19966-98,108.65
19967-101,126.23
19968-103,172.75
19969-107,422.95
199610-112,850.04
199611-114,202.24
199612-117,922.43
19971-123,065.22
19972-122,297.68
19973-118,133.14
19974-129,022.45
19975-135,908.16
19976-143,703.75
19977-144,203.53
19978-145,922.45
19979-148,323.42
199710-146,614.67
199711-150,477.41
199712-150,834.17
19981-160,490.81
19982-169,017.49
19983-174,773.67
19984-174,385.92
19985-174,589.01
19986-182,389.06
19987-169,674.71
19988-161,363.28
19989-163,446.25
199810-181,383.47
199811-188,827.63
199812-198,359.06
19991-198,226.74
19992-204,021.91
19993-212,692.89
19994-212,482.68
19995-211,182.78
19996-220,733.29
19997-212,401.96
19998-211,131.76
19999-208,445.17
199910-223,257.18
199911-229,527.87
199912-229,254.89
20001-223,573.78
20002-232,384.71
20003-235,695.42
20004-229,004.51
20005-236,249.02
20006-238,257.95
20007-240,496.89
20008-237,900.36
20009-225,495.69
200010-223,753.59
200011-216,324.81
200012-217,309.10
20011-212,666.82
20012-193,356.88
20013-194,224.46
20014-207,585.80
20015-202,627.30
20016-197,236.95
20017-193,201.80
20018-171,471.77
20019-176,931.48
200110-185,872.09
200111-188,597.07
200112-188,035.63
20021-181,731.23
20022-190,718.33
20023-184,015.67
20024-178,825.74
20025-168,237.55
20026-150,137.71
20027-151,847.46
20028-144,622.97
20029-142,645.91
200210-152,097.03
200211-150,522.73
200212-150,187.79
20031-140,553.49
20032-142,391.79
20033-149,918.42
20034-157,882.40
20035-166,888.30
20036-167,882.79
20037-167,603.56
20038-172,901.82
20039-176,407.97
200310-178,543.54
200311-184,013.77
200312-193,094.78
20041-195,193.07
20042-192,137.92
20043-193,998.07
20044-189,023.47
20045-194,425.15
20046-190,072.40
20047-187,435.01
20048-192,650.63
20049-192,848.28
200410-202,054.65
200411-207,565.59
200412-204,765.07
20051-208,207.59
20052-207,675.44
20053-202,672.71
20054-205,380.15
20055-209,858.87
20056-213,652.68
20057-214,315.04
20058-214,914.46
20059-209,274.63
200510-217,565.14
200511-222,230.02
200512-225,489.62
20061-225,452.10
20062-228,802.63
20063-230,629.23
20064-228,815.02
20065-222,623.76
20066-224,226.74
20067-229,365.48
20068-235,171.12
20069-243,674.70
200610-248,552.20
200611-253,891.76
200612-255,650.79
20071-259,731.10
20072-253,305.63
20073-263,894.47
20074-272,845.11
20075-273,786.16
20076-275,359.39
20077-263,791.25
20078-271,902.15
20079-280,036.46
200710-266,577.04
200711-269,877.86
200712-251,970.93
20081-248,030.19
20082-241,515.34
20083-251,764.77
20084-258,216.51
20085-247,251.13
20086-232,222.04
20087-237,123.17
20088-225,628.54
20089-180,066.05
200810-164,570.74
200811-163,992.74
200812-162,196.10
20091-151,324.90
20092-142,718.39
20093-160,303.79
20094-170,979.74
20095-175,884.91
20096-178,132.09
20097-192,597.75
20098-199,628.22
20099-204,425.51
200910-208,706.84
200911-213,352.36
200912-216,247.48
20101-209,979.61
20102-222,458.77
20103-231,552.73
20104-217,931.88
20105-210,209.32
20106-209,874.94
20107-211,687.44
20108-218,823.75
20109-228,840.27
201010-234,540.49
201011-243,250.70
201012-251,672.51
20111-259,602.37
20112-256,714.39
20113-262,415.98
20114-264,145.91
20115-254,471.31
20116-262,364.33
20117-235,076.74
20118-233,221.41
20119-240,262.15
201110-244,507.87
201111-248,309.36
201112-260,184.90
20121-271,015.38
20122-278,831.02
20123-278,724.48
20124-270,109.24
20125-266,996.47
20126-274,795.67
20127-284,104.93
20128-292,688.21
20129-292,052.68
201210-283,765.70
201211-289,939.13
201212-302,315.94
20131-309,369.03
20132-317,791.46
20133-322,411.49
20134-337,159.46
20135-333,390.77
20136-344,240.90
20137-345,110.21
20138-349,225.53
20139-356,620.56
201310-370,386.09
201311-376,022.11
201312-379,661.28
20141-379,167.59
20142-389,489.55
20143-390,275.24
20144-396,254.40
20145-408,919.95
20146-415,036.66
20147-413,264.66
20148-420,612.64
20149-409,480.78
201410-432,844.33
201411-435,588.08
201412-430,752.85
20151-442,931.95
20152-443,177.17
20153-447,070.08
20154-451,446.47
20155-449,480.42
20156-449,122.50
20157-438,233.98
20158-418,482.36
20159-436,548.74
201510-449,350.40
201511-444,394.20
201512-415,865.77
20161-413,578.89
20162-439,893.79
20163-452,348.33
20164-450,971.54
20165-455,781.10
20166-470,810.21
20167-476,456.43
20168-474,366.35
20169-471,966.15
201610-477,635.22
201611-496,482.53
201612-503,620.14
20171-516,595.64
20172-525,632.22
20173-524,822.73
20174-533,704.69
20175-543,185.57
20176-548,551.61
20177-549,910.95
20178-559,002.42
20179-574,290.02
201710-583,418.75
201711-600,241.55
201712-629,424.69
20181-611,255.17
20182-611,649.91
20183-601,472.22
20184-613,270.83
20185-626,229.06
20186-636,128.12
20187-651,718.38
20188-662,665.61
20189-637,159.70
201810-623,931.57
201811-589,225.30
201812-599,452.11
20191-634,393.59
20192-646,751.72
20193-670,831.71
20194-660,555.98
20195-669,835.14
20196-695,472.03
20197-673,673.06
20198-694,457.40
20199-694,525.48
201910-725,318.60
201911-743,229.04
201912-768,100.44
20201-769,038.11
20202-623,553.72
20203-650,482.60
20204-688,778.89
20205-733,606.49
20206-759,109.84
20207-803,848.02
20208-798,807.87
20209-812,595.30
202010-844,726.27
202011-880,712.29
202012-905,330.83
20211-927,887.41
20212-935,508.69
20213-991,840.21
20214-999,380.49
20215-1,017,473.51
20216-1,048,691.64
20217-1,071,607.25
20218-1,070,701.76
20219-1,075,543.21
202110-1,126,574.99
202111-1,129,564.96
202112-1,106,386.82
20221-1,074,273.17
20222-1,064,684.38
20223-1,065,943.92
20224-982,025.03
20225-948,936.83
20226-933,793.14
Click to show 1146 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 1926 to 2022
Start Value
Average monthly close
$12.65
End Value
Average monthly close
$3,831.39
Change in price+30,187.67%
+6.13% / yr
Change incl. dividends+1,066,855.03%
+10.09% / yr
Change incl. dividends, inflation-adjusted+63,664.19%
+6.92% / yr
Final amount, nominal
($100 base)
$1,066,955.03
Final amount, inflation-adjusted
($100 base)
$63,764.19