S&P 500: $100 in 1930 → $522,382.57 in 2022

$

Stock market returns since 1930

If you invested $100 in the S&P 500 at the beginning of 1930, you would have about $522,382.57 at the end of 2022, assuming you reinvested all dividends. This is a return on investment of 522,282.57%, or 9.70% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $667,899.24.

This investment result beats inflation during this period for an inflation-adjusted return of about 29,341.33% cumulatively, or 6.34% 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 $522,282.57, or 522,282.57%. This means by 2022 you would have $522,382.57 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 1930 was 16.700 and the CPI in 2022 was 296.311.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 92 years.

Adjusted for inflation, the $522,382.57 nominal end value of the original $100 investment would have a real value of roughly $29,341.33 in 1930 dollars. This means the inflation-adjusted return is 29,341.33% as opposed to the original 522,282.57%.

For more information on inflation, see our U.S. inflation calculator for 1930.

Full monthly data

The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 1110-month period between 1930 and 2022.

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

YearMonthReturn (%)Amount ($)CPI
193016.64%106.6417.10
193024.12%111.0317.00
193036.69%118.4616.90
19304-5.65%111.7617.00
19305-9.77%100.8416.90
19306-1.76%99.0716.80
19307-0.90%98.1816.60
193080.34%98.5216.50
19309-13.37%85.3516.60
193010-6.80%79.5416.50
193011-6.19%74.6216.40
1930123.56%77.2816.10
193118.14%83.5615.90
193122.38%85.5515.70
19313-9.08%77.7915.60
19314-9.16%70.6615.50
19315-2.68%68.7715.30
193163.86%71.4215.10
19317-2.49%69.6515.10
19318-14.37%59.6415.10
19319-12.75%52.0315.00
1931102.05%53.1014.90
193111-18.10%43.4914.70
193112-0.85%43.1214.60
19321-0.05%43.1014.30
193221.14%43.5914.10
19323-23.22%33.4714.00
19324-11.31%29.6813.90
19325-12.39%26.0013.70
193266.18%27.6113.60
1932751.35%41.7913.60
1932810.37%46.1213.50
19329-13.22%40.0313.40
193210-0.34%39.8913.30
193211-2.64%38.8413.20
1932124.57%40.6213.10
19331-11.27%36.0412.90
193320.33%36.1612.70
1933311.24%40.2312.60
1933429.32%52.0212.60
1933517.58%61.1712.60
193368.46%66.3412.70
19337-4.64%63.2613.10
19338-0.48%62.9613.20
19339-9.38%57.0513.20
1933102.80%58.6513.20
1933112.32%60.0113.20
1933126.08%63.6613.20
193417.75%68.6013.20
19342-4.80%65.3113.30
193432.02%66.6213.30
19344-9.83%60.0813.30
193451.70%61.1013.30
19346-4.36%58.4413.40
19347-3.51%56.3913.40
19348-2.01%55.2513.40
193491.21%55.9213.60
1934103.21%57.7213.50
1934111.06%58.3313.50
1934120.40%58.5613.40
19351-2.62%57.0313.60
19352-5.93%53.6513.70
193537.94%57.9113.70
193548.27%62.6913.80
193554.17%65.3113.80
193565.60%68.9713.70
193577.10%73.8713.70
193582.43%75.6613.70
193592.99%77.9213.70
1935109.71%85.4913.70
1935110.29%85.7413.80
1935125.82%90.7313.80
193616.03%96.2113.80
193622.41%98.5213.80
193630.41%98.9313.70
19364-5.02%93.9713.70
193654.57%98.2713.70
193666.23%104.3913.80
193672.30%106.7913.90
193681.44%108.3314.00
193695.55%114.3414.00
1936103.10%117.8914.00
193611-1.40%116.2414.00
1936123.46%120.2614.00
193713.30%124.2314.10
193720.23%124.5214.10
19373-5.62%117.5114.20
19374-4.09%112.7114.30
19375-3.34%108.9514.40
193766.39%115.9214.40
193771.44%117.5814.50
19378-13.76%101.4014.50
19379-14.10%87.1014.60
193710-8.27%79.9014.60
193711-1.02%79.0914.50
1937123.24%81.6514.40
19381-1.80%80.1814.20
19382-6.02%75.3514.10
19383-3.44%72.7614.10
193841.56%73.8914.20
193852.93%76.0614.10
1938620.49%91.6414.10
193871.06%92.6114.10
19388-4.08%88.8314.10
1938911.62%99.1414.10
1938100.47%99.6114.00
193811-2.55%97.0714.00
193812-1.16%95.9414.00
19391-0.46%95.5014.00
193920.27%95.7513.90
19393-12.24%84.0313.90
193944.10%87.4713.80
193952.17%89.3713.80
193962.84%91.9113.80
19397-1.07%90.9313.80
1939811.06%100.9813.80
193991.38%102.3814.10
193910-1.41%100.9414.00
193911-1.97%98.9414.00
193912-0.15%98.8014.00
19401-0.23%98.5713.90
19402-0.15%98.4314.00
194031.42%99.8314.00
19404-13.34%86.5114.00
19405-8.09%79.5114.00
194063.87%82.5814.10
194072.65%84.7714.00
194084.76%88.8014.00
194091.47%90.1114.00
1940102.85%92.6714.00
194011-3.59%89.3514.00
1940120.72%89.9914.10
19411-5.72%84.8414.10
194121.18%85.8414.10
19413-2.55%83.6514.20
19414-1.59%82.3214.30
194154.11%85.7014.40
194165.71%90.6014.70
194170.08%90.6714.70
194180.86%91.4514.90
19419-3.43%88.3115.10
194110-4.08%84.7015.30
194111-5.88%79.7215.40
1941122.62%81.8115.50
19421-2.48%79.7815.70
19422-4.76%75.9815.80
19423-3.45%73.3616.00
194241.87%74.7316.10
194255.75%79.0216.30
194264.38%82.4916.30
194270.05%82.5216.40
194281.66%83.9016.50
194297.97%90.5816.50
1942102.15%92.5316.70
1942111.06%93.5116.80
1942126.50%99.5916.90
194316.43%106.0016.90
194324.01%110.2516.90
194333.79%114.4317.20
194344.36%119.4217.40
194352.18%122.0217.50
194362.47%125.0417.50
19437-4.54%119.3717.40
194382.55%122.4117.30
19439-0.50%121.8017.40
194310-4.21%116.6817.40
1943111.77%118.7417.40
1943123.67%123.1017.40
19441-0.24%122.8017.40
194423.24%126.7717.40
19443-1.31%125.1217.40
194442.20%127.8717.50
194455.14%134.4517.50
194463.02%138.5117.60
19447-1.06%137.0417.70
19448-1.23%135.3717.70
194492.88%139.2717.70
194410-0.28%138.8717.70
1944112.60%142.4817.70
1944123.38%147.3117.80
194513.73%152.8117.80
194520.31%153.2917.80
194532.90%157.7317.80
194544.16%164.3017.80
194552.19%167.8917.90
19456-1.70%165.0418.10
194570.71%166.2118.10
194587.18%178.1418.10
194594.51%186.1918.10
1945103.61%192.9018.10
1945112.02%196.8118.10
1945124.30%205.2718.20
194610.59%206.4718.20
19462-2.68%200.9418.10
194636.77%214.5418.30
194640.52%215.6518.40
19465-0.34%214.9218.50
19466-2.55%209.4518.70
19467-1.62%206.0519.80
19468-14.42%176.3320.20
19469-1.87%173.0320.40
194610-0.01%173.0120.80
1946113.39%178.8821.30
1946120.92%180.5221.50
194714.27%188.2321.50
19472-3.67%181.3221.50
19473-3.30%175.3421.90
19474-1.36%172.9521.90
194753.92%179.7321.90
194766.69%191.7622.00
19477-1.56%188.7722.20
19478-2.17%184.6822.50
194793.03%190.2723.00
194710-0.73%188.8823.00
194711-1.12%186.7623.10
194712-0.86%185.1523.40
19481-4.45%176.9123.70
194821.92%180.3023.50
194838.19%195.0723.40
194845.33%205.4623.80
194854.59%214.8923.90
19486-1.96%210.6824.10
19487-2.49%205.4424.40
19488-0.68%204.0524.50
194893.19%210.5524.50
194810-5.10%199.8124.40
194811-0.16%199.5024.20
1948121.63%202.7524.10
19491-3.33%196.0024.00
194921.49%198.9323.80
194930.41%199.7523.80
19494-0.18%199.3823.90
19495-4.91%189.5923.80
194966.26%201.4623.90
194974.17%209.8623.70
194981.87%213.7923.80
194993.14%220.5123.90
1949101.95%224.8023.70
1949113.24%232.0923.80
1949122.63%238.1923.60
195012.52%244.2023.50
195021.38%247.5623.50
195033.39%255.9423.60
195043.91%265.9623.60
195052.16%271.7223.70
19506-6.72%253.4523.80
195076.64%270.2724.10
195084.11%281.3824.30
195094.72%294.6624.40
1950100.38%295.7724.60
1950110.19%296.3524.70
1950128.01%320.0925.00
195114.31%333.8825.40
19512-1.11%330.1725.70
195131.93%336.5325.80
195140.63%338.6525.80
19515-1.15%334.7725.90
195162.37%342.6925.90
195174.97%359.7125.90
195183.14%370.9925.90
195190.03%371.0926.10
195110-2.25%362.7326.20
1951113.61%375.8426.40
1951123.83%390.2426.50
19521-1.33%385.0526.50
195220.75%387.9326.30
195230.20%388.7226.30
195240.46%390.5126.40
195253.24%403.1826.40
195263.37%416.7526.50
195270.88%420.4226.70
19528-1.11%415.7626.70
19529-1.61%409.0726.70
1952103.67%424.0726.70
1952114.51%443.1926.70
1952120.99%447.5726.70
19531-0.77%444.1126.60
195320.96%448.3626.50
19533-4.47%428.3126.60
195341.00%432.6026.60
19535-3.11%419.1626.70
195361.91%427.1826.80
195370.90%431.0226.80
19538-4.11%413.3226.90
195393.52%427.8526.90
1953102.71%439.4427.00
1953111.84%447.5126.90
1953123.02%461.0426.90
195412.68%473.3826.90
195422.58%485.6126.90
195434.45%507.2226.90
195444.42%529.6526.80
195451.22%536.1326.90
195464.46%560.0226.90
195472.39%573.4326.90
195482.74%589.1426.90
195492.71%605.1126.80
1954104.30%631.1526.80
1954114.95%662.4126.80
1954122.17%676.7726.70
195513.70%701.8526.70
19552-0.44%698.7826.70
195533.81%725.3926.70
19554-0.08%724.8226.70
195556.15%769.3626.70
195567.64%828.1826.70
19557-0.30%825.7026.80
195584.82%865.4726.80
19559-4.72%824.5726.90
1955107.07%882.8426.90
1955111.24%893.7626.90
195512-2.39%872.4226.80
195610.95%880.7026.80
195627.21%944.1726.80
195631.48%958.1726.80
19564-2.84%930.9726.90
19565-0.26%928.5327.00
195665.75%981.9127.20
19567-0.28%979.1127.40
19568-3.09%948.8727.30
19569-0.95%939.8227.40
195610-0.71%933.1327.50
1956111.81%950.0127.50
195612-1.86%932.3127.60
19571-4.00%895.0627.60
195721.62%909.5627.70
195732.64%933.6127.80
195744.16%972.4527.90
195751.95%991.4628.00
195762.32%1,014.4828.10
19577-5.21%961.6728.30
19578-3.74%925.7128.30
19579-5.90%871.1328.30
195710-1.80%855.4428.30
1957110.32%858.1628.40
1957122.33%878.1528.40
195810.70%884.3128.60
195822.42%905.7028.60
195830.90%913.8228.80
195843.56%946.3328.90
195852.74%972.2228.90
195863.07%1,002.0728.90
195874.05%1,042.7029.00
195882.94%1,073.3928.90
195894.36%1,120.1828.90
1958103.33%1,157.4428.90
1958112.16%1,182.4729.00
1958124.25%1,232.7828.90
19591-1.27%1,217.1929.00
195922.81%1,251.3428.90
195931.94%1,275.5828.90
195941.77%1,298.1029.00
19595-0.61%1,290.2329.00
195964.23%1,344.7729.10
19597-0.32%1,340.4929.20
19598-3.70%1,290.8529.20
195990.18%1,293.1329.30
1959100.67%1,301.7829.40
1959113.46%1,346.8629.40
195912-1.49%1,326.8529.40
19601-3.61%1,278.9629.30
19602-1.08%1,265.1729.40
196031.58%1,285.2229.40
19604-0.62%1,277.1929.50
196053.99%1,328.1229.50
19606-2.20%1,298.9629.60
196071.49%1,318.3229.60
19608-2.72%1,282.4529.60
19609-1.67%1,260.9929.60
1960103.54%1,305.6429.80
1960112.69%1,340.7729.80
1960125.43%1,413.5329.80
196114.37%1,475.3629.80
196123.40%1,525.4829.80
196132.92%1,570.0129.80
196141.26%1,589.8429.80
19615-1.08%1,572.6729.80
19616-0.03%1,572.2329.80
196173.84%1,632.5930.00
19618-0.54%1,623.7429.90
196191.34%1,645.5530.00
1961104.77%1,724.0830.00
1961111.16%1,744.1330.00
196112-3.49%1,683.3130.00
196211.91%1,715.4530.00
196220.34%1,721.3030.10
19623-2.94%1,670.6130.10
19624-7.19%1,550.5730.20
19625-11.41%1,373.6130.20
196262.72%1,410.9430.20
196273.02%1,453.5930.30
19628-0.59%1,444.9630.30
19629-2.86%1,403.6930.40
1962107.20%1,504.7730.40
1962114.62%1,574.3530.40
1962124.15%1,639.6330.40
196311.60%1,665.7930.40
19632-0.11%1,663.9930.40
196334.98%1,746.8230.50
196342.27%1,786.4730.50
196350.22%1,790.3430.50
19636-1.22%1,768.4630.60
196373.03%1,822.0730.70
196382.89%1,874.7930.70
196390.50%1,884.1630.70
196310-0.31%1,878.3930.80
1963112.39%1,923.3430.80
1963123.33%1,987.3930.90
196411.48%2,016.8130.90
196422.07%2,058.5730.90
196431.69%2,093.4330.90
196441.22%2,118.9830.90
19645-0.35%2,111.5530.90
196463.96%2,195.1831.00
19647-1.23%2,168.2831.10
196481.97%2,210.9031.00
196491.97%2,254.4531.10
1964100.94%2,275.5831.10
196411-1.49%2,241.6631.20
1964122.82%2,304.9031.20
196510.98%2,327.3731.20
196520.34%2,335.1831.20
196531.56%2,371.5531.30
196541.73%2,412.6431.40
19655-4.51%2,303.9031.40
196560.10%2,306.2731.60
196572.12%2,355.1331.60
196583.60%2,439.8231.60
196592.50%2,500.7431.60
1965101.08%2,527.6531.70
196511-0.21%2,522.3031.70
1965121.98%2,572.2531.80
19661-0.43%2,561.1831.80
19662-3.86%2,462.2632.00
196633.32%2,544.0332.10
19664-5.01%2,416.6332.30
19665-0.56%2,403.1132.30
196660.02%2,403.5532.40
19667-5.77%2,264.8832.50
19668-3.22%2,191.8432.70
19669-0.56%2,179.4732.70
1966105.32%2,295.3332.90
1966110.72%2,311.7632.90
1966124.13%2,407.2532.90
196713.73%2,497.0432.90
196722.63%2,562.8032.90
196731.99%2,613.8733.00
196742.06%2,667.6533.10
19675-0.99%2,641.1933.20
196761.99%2,693.8233.30
196771.85%2,743.7033.40
196781.65%2,789.0733.50
196790.10%2,791.7933.60
196710-2.88%2,711.3433.70
1967113.11%2,795.7133.80
196712-0.02%2,795.2233.90
19681-4.26%2,676.2334.10
19682-1.56%2,634.5034.20
196837.66%2,836.3534.30
196842.56%2,908.8934.40
196852.94%2,994.4434.50
196860.05%2,995.9034.70
19687-1.93%2,937.9634.90
196883.51%3,041.0235.00
196892.72%3,123.6535.10
1968101.79%3,179.4335.30
1968111.29%3,220.2935.40
196812-3.99%3,091.9635.50
19691-0.24%3,084.5835.60
19692-1.91%3,025.5535.80
196932.27%3,094.3636.10
196943.51%3,203.0836.30
19695-4.97%3,043.8436.40
19696-4.21%2,915.8436.60
19697-0.28%2,907.5736.80
196980.63%2,925.8537.00
196991.35%2,965.2437.10
1969101.00%2,994.8237.30
196911-5.03%2,844.2537.50
196912-0.59%2,827.5037.70
19701-3.20%2,737.1337.80
197022.01%2,792.2138.00
19703-2.75%2,715.4938.20
19704-11.20%2,411.3838.50
19705-0.27%2,404.8738.60
197060.52%2,417.4438.80
197073.26%2,496.1439.00
197086.32%2,653.9339.00
197092.49%2,720.0039.20
1970100.21%2,725.6339.40
1970117.16%2,920.7439.60
1970124.11%3,040.8039.80
197114.15%3,167.0239.80
197122.83%3,256.7139.90
197133.67%3,376.3640.00
19714-1.11%3,338.9540.10
19715-1.60%3,285.6740.30
19716-0.46%3,270.4540.60
19717-1.52%3,220.8440.70
197182.49%3,300.9240.80
19719-1.86%3,239.4040.80
197110-4.37%3,097.7940.90
1971117.16%3,319.7040.90
1971124.42%3,466.5241.10
197212.09%3,538.8641.10
197222.62%3,631.5741.30
197231.26%3,677.2941.40
19724-0.78%3,648.7541.50
197250.52%3,667.5941.60
19726-0.50%3,649.1141.70
197273.78%3,787.1841.90
19728-1.21%3,741.3342.00
197290.42%3,756.9542.10
1972105.25%3,954.3542.30
1972112.31%4,045.7642.40
1972120.99%4,085.7842.50
19731-3.33%3,949.9342.60
19732-1.35%3,896.7842.90
19733-1.63%3,833.1443.30
19734-2.57%3,734.6443.60
19735-1.99%3,660.3243.90
197361.21%3,704.6244.20
19737-1.64%3,644.0444.30
197382.00%3,716.7545.10
197394.24%3,874.1645.20
197310-6.85%3,608.6745.60
197311-6.81%3,363.0945.90
1973121.70%3,420.2846.20
19741-2.47%3,335.7046.60
197424.57%3,488.3047.20
19743-4.82%3,320.2847.80
19744-2.71%3,230.4448.00
197450.46%3,245.2148.60
19746-11.35%2,876.9849.00
19747-3.76%2,768.6749.40
19748-10.01%2,491.4350.00
197492.38%2,550.6550.60
1974103.74%2,646.1351.10
197411-6.09%2,484.9351.50
1974128.63%2,699.4551.90
1975110.81%2,991.1952.10
197524.97%3,139.9652.50
197531.49%3,186.6652.70
197546.71%3,400.5752.90
197552.89%3,499.0053.20
197560.43%3,514.1253.60
19757-7.00%3,268.2654.20
19758-0.85%3,240.3954.30
197594.97%3,401.4854.60
1975102.04%3,470.9354.90
197511-1.18%3,429.9855.30
1975129.55%3,757.3855.50
197614.18%3,914.3755.60
197620.80%3,945.7855.80
197631.10%3,989.0155.90
19764-0.38%3,973.7256.10
197650.90%4,009.5056.50
197662.67%4,116.3756.80
19767-0.56%4,093.2957.10
197682.44%4,193.0857.40
19769-3.11%4,062.7557.60
197610-0.37%4,047.8657.90
1976113.79%4,201.1358.00
197612-0.54%4,178.5658.20
19771-2.37%4,079.5958.50
19772-0.05%4,077.3859.10
19773-1.19%4,028.7159.50
197740.06%4,031.3060.00
197750.90%4,067.5860.30
197761.28%4,119.7460.70
19777-2.08%4,034.1161.00
19778-1.18%3,986.6961.20
19779-2.20%3,899.0761.40
1977100.98%3,937.3361.60
197711-0.08%3,934.1761.90
197712-3.39%3,800.7962.10
19781-0.97%3,763.8562.50
197820.27%3,773.8462.90
197834.83%3,956.1263.40
197845.50%4,173.8863.90
197850.67%4,201.9964.50
19786-0.06%4,199.3765.20
197877.33%4,507.1165.70
197880.40%4,525.1366.00
19789-2.77%4,399.6266.50
197810-5.44%4,160.3867.10
1978111.92%4,240.3867.40
1978124.19%4,417.8567.70
19791-1.06%4,371.1668.30
197922.34%4,473.5069.10
197932.43%4,582.2469.80
19794-1.89%4,495.5070.60
197952.42%4,604.1871.50
197961.42%4,669.6072.30
197975.01%4,903.7573.10
197981.54%4,979.2973.80
19799-3.35%4,812.3674.60
197910-0.32%4,796.8475.20
1979114.40%5,008.1075.90
1979123.31%5,173.9976.70
198014.40%5,401.4377.80
19802-8.78%4,927.3078.90
19803-1.16%4,870.0480.10
198045.04%5,115.3181.00
198056.86%5,466.3581.80
198064.97%5,738.0082.70
198073.50%5,939.1082.70
198082.84%6,107.5283.30
198093.32%6,310.5884.00
1980104.61%6,601.8084.80
198011-1.24%6,519.6285.50
1980120.01%6,520.2786.30
19811-3.07%6,320.0987.00
198124.14%6,581.9587.90
198131.29%6,667.1088.50
19814-1.62%6,559.2889.10
198150.86%6,615.5389.80
19816-2.02%6,482.1490.60
198170.80%6,534.1791.60
19818-8.30%5,991.6692.30
198191.73%6,095.1593.20
1981103.04%6,280.6793.40
1981111.18%6,354.7493.70
198112-4.80%6,049.4594.00
19821-1.91%5,933.6794.30
19822-2.74%5,770.8294.60
198235.47%6,086.4494.50
198240.57%6,121.1194.90
19825-5.27%5,798.4995.80
198260.24%5,812.6397.00
198270.79%5,858.7897.50
1982812.10%6,567.4897.70
198298.88%7,150.7797.90
1982104.50%7,472.5598.20
1982111.36%7,573.8498.00
1982123.93%7,871.1797.60
198312.13%8,038.8297.80
198323.87%8,349.5797.90
198334.20%8,700.0497.90
198344.42%9,084.9398.60
198351.75%9,244.2399.20
198360.71%9,309.6999.50
19837-2.41%9,085.5999.90
198383.31%9,386.67100.20
198390.65%9,447.49100.70
198310-1.14%9,339.66101.00
198311-0.13%9,327.69101.20
1983121.58%9,474.69101.30
19841-5.11%8,990.32101.90
198420.44%9,030.09102.40
198430.51%9,075.89102.60
19844-0.25%9,052.97103.10
19845-1.85%8,885.65103.40
19846-0.91%8,804.92103.70
198479.21%9,615.55104.10
198481.41%9,750.84104.50
19849-0.41%9,710.63105.00
1984101.29%9,835.50105.30
198411-0.71%9,765.91105.30
1984124.70%10,224.67105.30
198515.79%10,816.41105.50
19852-0.48%10,764.67106.00
198531.02%10,874.98106.40
198542.74%11,172.47106.90
198552.51%11,453.01107.30
198562.25%11,710.39107.60
19857-1.85%11,494.29107.80
19858-1.88%11,277.63108.00
198591.50%11,446.29108.30
1985106.42%12,181.20108.70
1985115.29%12,826.14109.00
1985120.75%12,922.55109.30
198615.70%13,658.78109.60
198626.18%14,503.28109.30
198632.74%14,900.87108.80
198640.49%14,974.16108.60
198653.13%15,443.34108.90
19866-1.80%15,164.75109.50
198672.28%15,510.64109.50
19868-2.46%15,129.66109.70
19869-0.09%15,116.06110.20
1986103.53%15,650.10110.30
1986111.71%15,917.56110.40
1986126.67%16,979.79110.50
198716.46%18,077.01111.20
198724.38%18,868.13111.60
19873-0.86%18,706.54112.10
198740.17%18,738.87112.70
198754.50%19,581.83113.10
198763.12%20,193.19113.50
198776.45%21,496.46113.80
19878-3.03%20,845.03114.40
19879-11.85%18,374.08115.00
198710-12.30%16,113.44115.30
198711-1.33%15,898.38115.40
1987124.25%16,573.51115.40
198813.33%17,125.17115.70
198823.23%17,678.67116.00
19883-0.89%17,522.03116.50
19884-2.19%17,138.60117.10
198856.00%18,166.61117.50
19886-0.31%18,110.85118.00
19887-1.72%17,799.62118.50
198881.93%18,142.65119.00
198893.80%18,832.36119.80
198810-2.02%18,451.90120.20
1988112.33%18,881.08120.30
1988123.51%19,544.31120.50
198913.30%20,189.25121.10
19892-0.16%20,156.61121.60
198933.56%20,875.15122.30
198944.12%21,734.23123.10
198953.39%22,471.59123.80
198962.80%23,100.83124.10
198974.69%24,184.43124.40
198980.46%24,294.60124.60
198990.29%24,364.15125.00
198910-1.81%23,922.29125.60
1989112.74%24,576.97125.90
198912-2.21%24,033.52126.10
19901-2.53%23,426.15127.40
199022.71%24,060.33128.00
199030.20%24,107.49128.70
199043.85%25,035.85128.90
199053.17%25,829.48129.20
199060.17%25,873.31129.90
19907-7.86%23,839.35130.40
19908-4.34%22,804.47131.60
19909-2.32%22,276.37132.70
1990102.98%22,941.06133.50
1990114.59%23,993.28133.80
199012-0.69%23,828.88133.80
1991111.61%26,594.65134.60
199123.04%27,404.35134.80
199132.26%28,023.37135.00
19914-0.18%27,973.24135.20
199150.35%28,070.31135.60
199160.78%28,289.40136.00
199172.68%29,047.25136.20
19918-0.30%28,959.21136.60
199190.18%29,011.81137.20
1991100.02%29,016.39137.40
1991110.94%29,287.74137.80
1991127.36%31,442.74137.90
19921-0.60%31,253.81138.10
19922-1.01%30,937.41138.60
199230.26%31,019.18139.30
199242.07%31,660.76139.50
19925-1.33%31,239.95139.70
199261.91%31,837.30140.20
199270.94%32,137.12140.50
199280.38%32,258.66140.90
19929-1.18%31,877.34141.30
1992102.76%32,756.17141.80
1992113.27%33,827.69142.00
1992120.14%33,876.03141.90
199311.72%34,460.13142.60
199322.15%35,201.08143.10
19933-1.34%34,728.77143.60
199340.72%34,980.46144.00
199350.87%35,283.10144.20
199360.06%35,304.63144.40
199371.76%35,926.86144.40
199381.35%36,413.66144.80
199391.24%36,865.88145.10
1993100.01%36,868.66145.70
1993110.89%37,195.75145.80
1993121.74%37,841.43145.80
19941-0.08%37,812.78146.20
19942-1.42%37,274.40146.70
19943-3.35%36,027.05147.20
199441.06%36,408.31147.40
199451.11%36,811.75147.50
19946-0.52%36,620.74148.00
199473.08%37,749.42148.40
199480.82%38,058.01149.00
19949-0.44%37,889.03149.40
199410-0.37%37,748.88149.50
199411-1.03%37,361.69149.70
1994122.45%38,277.49149.70
199513.82%39,739.34150.30
199522.56%40,755.94150.90
199533.22%42,066.47151.40
199543.35%43,474.76151.90
199553.18%44,856.57152.20
199563.55%46,447.84152.50
199570.51%46,686.18152.50
199583.72%48,421.81152.90
199590.91%48,863.70153.20
1995102.36%50,016.09153.70
1995113.39%51,711.21153.60
1995120.16%51,795.28153.50
199615.90%54,853.47154.40
19962-0.20%54,743.38154.90
199630.20%54,851.25155.70
199642.35%56,142.90156.30
199651.28%56,860.74156.60
19966-3.48%54,883.94156.70
199673.08%56,572.04157.00
199682.02%57,716.90157.30
199694.12%60,094.55157.80
1996105.05%63,130.57158.30
1996111.20%63,887.02158.60
1996123.26%65,968.17158.60
199714.36%68,845.15159.10
19972-0.62%68,415.77159.60
19973-3.41%66,086.04160.00
199749.22%72,177.74160.20
199755.34%76,029.74160.10
199765.74%80,390.75160.30
199770.35%80,670.34160.50
199781.19%81,631.94160.80
199791.65%82,975.09161.20
199710-1.15%82,019.18161.60
1997112.63%84,180.07161.50
1997120.24%84,379.65161.30
199816.40%89,781.77161.60
199825.31%94,551.76161.90
199833.41%97,771.89162.20
19984-0.22%97,554.98162.50
199850.12%97,668.58162.80
199864.47%102,032.09163.00
19987-6.97%94,919.43163.20
19988-4.90%90,269.85163.40
199891.29%91,435.10163.60
19981010.97%101,469.54164.00
1998114.10%105,633.96164.00
1998125.05%110,966.03163.90
19991-0.07%110,892.00164.30
199922.92%114,133.94164.50
199934.25%118,984.66165.00
19994-0.10%118,867.06166.20
19995-0.61%118,139.87166.20
199964.52%123,482.62166.20
19997-3.77%118,821.91166.70
19998-0.60%118,111.33167.10
19999-1.27%116,608.40167.90
1999107.11%124,894.53168.20
1999112.81%128,402.48168.30
199912-0.12%128,249.77168.30
20001-2.48%125,071.64168.80
200023.94%130,000.66169.80
200031.42%131,852.73171.20
20004-2.84%128,109.71171.30
200053.16%132,162.43171.50
200060.85%133,286.26172.40
200070.94%134,538.77172.80
20008-1.08%133,086.22172.80
20009-5.21%126,146.80173.70
200010-0.77%125,172.24174.00
200011-3.32%121,016.42174.10
2000120.46%121,567.06174.00
20011-2.14%118,970.07175.10
20012-9.08%108,167.71175.80
200130.45%108,653.05176.20
200146.88%116,127.65176.90
20015-2.39%113,353.77177.70
20016-2.66%110,338.30178.00
20017-2.05%108,080.95177.50
20018-11.25%95,924.74177.50
200193.18%98,979.01178.30
2001105.05%103,980.57177.70
2001111.47%105,504.97177.40
200112-0.30%105,190.90176.70
20021-3.35%101,664.09177.10
200224.95%106,691.65177.80
20023-3.51%102,942.05178.80
20024-2.82%100,038.70179.80
20025-5.92%94,115.45179.80
20026-10.76%83,990.04179.90
200271.14%84,946.51180.10
20028-4.76%80,904.98180.70
20029-1.37%79,798.98181.00
2002106.63%85,086.12181.30
200211-1.04%84,205.43181.30
200212-0.22%84,018.06180.90
20031-6.41%78,628.44181.70
200321.31%79,656.82183.10
200335.29%83,867.36184.20
200345.31%88,322.57183.80
200355.70%93,360.66183.50
200360.60%93,916.99183.70
20037-0.17%93,760.79183.90
200383.16%96,724.73184.60
200392.03%98,686.15185.20
2003101.21%99,880.83185.00
2003113.06%102,940.99184.50
2003124.93%108,021.09184.30
200411.09%109,194.91185.20
20042-1.57%107,485.79186.20
200430.97%108,526.40187.40
20044-2.56%105,743.51188.00
200452.86%108,765.32189.10
20046-2.24%106,330.30189.70
20047-1.39%104,854.90189.40
200482.78%107,772.61189.50
200490.10%107,883.18189.90
2004104.77%113,033.42190.90
2004112.73%116,116.34191.00
200412-1.35%114,549.68190.30
200511.68%116,475.49190.70
20052-0.26%116,177.79191.80
20053-2.41%113,379.17193.30
200541.34%114,893.77194.60
200552.18%117,399.25194.40
200561.81%119,521.58194.50
200570.31%119,892.12195.40
200580.28%120,227.45196.40
20059-2.62%117,072.42198.80
2005103.96%121,710.29199.20
2005112.14%124,319.92197.60
2005121.47%126,143.41196.80
20061-0.02%126,122.42198.30
200621.49%127,996.77198.70
200630.80%129,018.61199.80
20064-0.79%128,003.70201.50
20065-2.71%124,540.19202.50
200660.72%125,436.93202.90
200672.29%128,311.64203.50
200682.53%131,559.43203.90
200693.62%136,316.50202.90
2006102.00%139,045.07201.80
2006112.15%142,032.13201.50
2006120.69%143,016.17201.80
200711.60%145,298.77202.42
20072-2.47%141,704.24203.50
200734.18%147,627.84205.35
200743.39%152,635.02206.69
200750.34%153,161.46207.95
200760.57%154,041.55208.35
20077-4.20%147,570.10208.30
200783.07%152,107.50207.92
200792.99%156,658.00208.49
200710-4.81%149,128.53208.94
2007111.24%150,975.07210.18
200712-6.64%140,957.58210.04
20081-1.56%138,753.05211.08
20082-2.63%135,108.51211.69
200834.24%140,842.25213.53
200842.56%144,451.48214.82
20085-4.25%138,317.23216.63
20086-6.08%129,909.66218.82
200872.11%132,651.45219.96
20088-4.85%126,221.12219.09
20089-20.19%100,732.55218.78
200810-8.61%92,064.16216.57
200811-0.35%91,740.82212.43
200812-1.10%90,735.75210.23
20091-6.70%84,654.18211.14
20092-5.69%79,839.52212.19
2009312.32%89,677.15212.71
200946.66%95,649.49213.24
200952.87%98,393.54213.86
200961.28%99,650.66215.69
200978.12%107,743.03215.35
200983.65%111,676.02215.83
200992.40%114,359.72215.97
2009102.09%116,754.78216.18
2009112.23%119,353.58216.33
2009121.36%120,973.17215.95
20101-2.90%117,466.79216.69
201025.94%124,447.89216.74
201034.09%129,535.23217.63
20104-5.88%121,915.45218.01
20105-3.54%117,595.30218.18
20106-0.16%117,408.24217.97
201070.86%118,422.19218.01
201083.37%122,414.39218.31
201094.58%128,017.83218.44
2010102.49%131,206.64218.71
2010113.71%136,079.31218.80
2010123.46%140,790.64219.18
201113.15%145,226.76220.22
20112-1.11%143,611.17221.31
201132.22%146,800.75223.47
201140.66%147,768.51224.91
20115-3.66%142,356.34225.96
201163.10%146,771.86225.72
20117-10.40%131,506.63225.92
20118-0.79%130,468.72226.55
201193.02%134,407.45226.89
2011101.77%136,782.60226.42
2011111.55%138,909.23226.23
2011124.78%145,552.64225.67
201214.16%151,611.43226.67
201222.88%155,983.65227.66
20123-0.04%155,924.05229.39
20124-3.09%151,104.51230.09
20125-1.15%149,363.17229.82
201262.92%153,726.20229.48
201273.39%158,933.98229.10
201283.02%163,735.64230.38
20129-0.22%163,380.11231.41
201210-2.84%158,744.21231.32
2012112.18%162,197.75230.22
2012124.27%169,121.58229.60
201312.33%173,067.23230.28
201322.72%177,778.90232.17
201331.45%180,363.44232.77
201344.57%188,613.75232.53
20135-1.12%186,505.47232.95
201363.25%192,575.25233.50
201370.25%193,061.55233.60
201381.19%195,363.75233.88
201392.12%199,500.68234.15
2013103.86%207,201.39233.55
2013111.52%210,354.29233.07
2013120.97%212,390.12233.05
20141-0.13%212,113.94233.92
201422.72%217,888.25234.78
201430.20%218,327.78236.29
201441.53%221,672.64237.07
201453.20%228,758.00237.90
201461.50%232,179.81238.34
20147-0.43%231,188.52238.25
201481.78%235,299.13237.85
20149-2.65%229,071.74238.03
2014105.71%242,141.78237.43
2014110.63%243,676.68236.15
201412-1.11%240,971.76234.81
201512.83%247,784.99233.71
201520.06%247,922.18234.72
201530.88%250,099.95236.12
201540.98%252,548.19236.60
20155-0.44%251,448.34237.81
20156-0.08%251,248.11238.64
20157-2.42%245,156.86238.65
20158-4.51%234,107.40238.32
201594.32%244,214.10237.95
2015102.93%251,375.60237.84
201511-1.10%248,603.01237.34
201512-6.42%232,643.63236.53
20161-0.55%231,364.31236.92
201626.36%246,085.39237.11
201632.83%253,052.70238.13
20164-0.30%252,282.50239.26
201651.07%254,973.07240.23
201663.30%263,380.65241.02
201671.20%266,539.26240.63
20168-0.44%265,370.03240.85
20169-0.51%264,027.31241.43
2016101.20%267,198.70241.73
2016113.95%277,742.26241.35
2016121.44%281,735.18241.43
201712.58%288,993.94242.84
201721.75%294,049.18243.60
20173-0.15%293,596.33243.80
201741.69%298,565.08244.52
201751.78%303,868.87244.73
201760.99%306,870.75244.96
201770.25%307,631.19244.79
201781.65%312,717.14245.52
201792.73%321,269.33246.82
2017101.59%326,376.12246.66
2017112.88%335,787.13246.67
2017124.86%352,112.76246.52
20181-2.89%341,948.37247.87
201820.06%342,169.20248.99
20183-1.66%336,475.60249.55
201841.96%343,075.97250.55
201852.11%350,325.06251.59
201861.58%355,862.80251.99
201872.45%364,584.30252.01
201881.68%370,708.40252.15
20189-3.85%356,439.88252.44
201810-2.08%349,039.81252.89
201811-5.56%329,624.42252.04
2018121.74%335,345.51251.23
201915.83%354,892.47251.71
201921.95%361,805.85252.78
201933.72%375,276.68254.20
20194-1.53%369,528.23255.55
201951.40%374,719.18256.09
201963.83%389,060.97256.14
20197-3.13%376,866.19256.57
201983.09%388,493.37256.56
201990.01%388,531.45256.76
2019104.43%405,757.74257.35
2019112.47%415,777.19257.21
2019123.35%429,690.75256.97
202010.12%430,215.31257.97
20202-18.92%348,828.43258.68
202034.32%363,892.98258.12
202045.89%385,316.69256.39
202056.51%410,394.15256.39
202063.48%424,661.23257.80
202075.89%449,688.66259.10
20208-0.63%446,869.10259.92
202091.73%454,582.07260.28
2020103.95%472,556.78260.39
2020114.26%492,688.07260.23
2020122.80%506,460.18260.47
202112.49%519,078.78261.58
202120.82%523,342.28263.01
202136.02%554,855.26264.88
202140.76%559,073.44267.05
202151.81%569,195.04269.20
202163.07%586,659.09271.70
202172.19%599,478.54273.00
20218-0.08%598,971.98273.57
202190.45%601,680.39274.31
2021104.74%630,228.59276.59
2021110.27%631,901.24277.95
202112-2.05%618,934.92278.80
20221-2.90%600,969.90281.15
20222-0.89%595,605.74283.72
202230.12%596,310.36287.50
20224-7.87%549,364.45289.11
20225-3.37%530,854.25292.30
20226-1.60%522,382.57296.31
Click to show 1098 more rows

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 1930. This would result in a final amount of $667,899.24, including dividend reinvestments. In this particular case, dollar-cost average returns are greater than the returns of a lump-sum investment (which ends with $522,382.57).

YearMonthContribution ($)Amount ($)
193014.164.42
193024.168.92
193034.1613.94
193044.1617.06
193054.1619.14
193064.1622.87
193074.1626.77
193084.1631.02
193094.1630.46
1930104.1632.25
1930114.1634.14
1930124.1639.64
193114.1647.34
193124.1652.71
193134.1651.68
193144.1650.71
193154.1653.38
193164.1659.73
193174.1662.28
193184.1656.88
193194.1653.23
1931104.1658.54
1931114.1651.32
1931124.3255.13
19321-55.11
19322-55.74
19323-42.79
19324-37.95
19325-33.25
19326-35.30
19327-53.43
19328-58.97
19329-51.18
193210-51.01
193211-49.66
193212-51.93
19331-46.08
19332-46.23
19333-51.43
19334-66.51
19335-78.20
19336-84.82
19337-80.88
19338-80.49
19339-72.95
193310-74.99
193311-76.73
193312-81.40
19341-87.71
19342-83.50
19343-85.18
19344-76.81
19345-78.12
19346-74.72
19347-72.09
19348-70.64
19349-71.50
193410-73.79
193411-74.58
193412-74.88
19351-72.92
19352-68.59
19353-74.04
19354-80.16
19355-83.50
19356-88.18
19357-94.44
19358-96.74
19359-99.63
193510-109.30
193511-109.62
193512-116.01
19361-123.00
19362-125.97
19363-126.49
19364-120.14
19365-125.64
19366-133.47
19367-136.54
19368-138.51
19369-146.20
193610-150.73
193611-148.62
193612-153.76
19371-158.84
19372-159.20
19373-150.25
19374-144.11
19375-139.30
19376-148.21
19377-150.34
19378-129.65
19379-111.37
193710-102.16
193711-101.12
193712-104.39
19381-102.51
19382-96.34
19383-93.03
19384-94.47
19385-97.24
19386-117.17
19387-118.41
19388-113.57
19389-126.76
193810-127.35
193811-124.11
193812-122.66
19391-122.10
19392-122.43
19393-107.44
19394-111.84
19395-114.27
19396-117.51
19397-116.26
19398-129.11
19399-130.90
193910-129.05
193911-126.51
193912-126.32
19401-126.03
19402-125.85
19403-127.63
19404-110.61
19405-101.65
19406-105.59
19407-108.38
19408-113.54
19409-115.21
194010-118.49
194011-114.24
194012-115.06
19411-108.47
19412-109.75
19413-106.95
19414-105.26
19415-109.58
19416-115.84
19417-115.93
19418-116.93
19419-112.91
194110-108.30
194111-101.93
194112-104.60
19421-102.00
19422-97.15
19423-93.79
19424-95.54
19425-101.04
19426-105.46
19427-105.51
19428-107.27
19429-115.81
194210-118.31
194211-119.56
194212-127.33
19431-135.53
19432-140.97
19433-146.30
19434-152.69
19435-156.02
19436-159.87
19437-152.62
19438-156.51
19439-155.73
194310-149.18
194311-151.82
194312-157.39
19441-157.00
19442-162.09
19443-159.97
19444-163.49
19445-171.90
19446-177.09
19447-175.22
19448-173.07
19449-178.06
194410-177.56
194411-182.18
194412-188.34
19451-195.37
19452-195.99
19453-201.67
19454-210.06
19455-214.66
19456-211.02
19457-212.51
19458-227.77
19459-238.05
194510-246.63
194511-251.63
194512-262.45
19461-263.98
19462-256.91
19463-274.30
19464-275.73
19465-274.79
19466-267.79
19467-263.44
19468-225.45
19469-221.23
194610-221.20
194611-228.71
194612-230.81
19471-240.67
19472-231.83
19473-224.18
19474-221.13
19475-229.80
19476-245.18
19477-241.36
19478-236.13
19479-243.27
194710-241.50
194711-238.79
194712-236.72
19481-226.19
19482-230.53
19483-249.41
19484-262.70
19485-274.75
19486-269.37
19487-262.67
19488-260.89
19489-269.21
194810-255.48
194811-255.07
194812-259.23
19491-250.60
19492-254.34
19493-255.39
19494-254.92
19495-242.40
19496-257.58
19497-268.33
19498-273.35
19499-281.93
194910-287.43
194911-296.74
194912-304.55
19501-312.23
19502-316.52
19503-327.24
19504-340.05
19505-347.41
19506-324.05
19507-345.56
19508-359.76
19509-376.75
195010-378.16
195011-378.90
195012-409.26
19511-426.89
19512-422.14
19513-430.28
19514-432.98
19515-428.02
19516-438.15
19517-459.91
19518-474.33
19519-474.46
195110-463.77
195111-480.53
195112-498.95
19521-492.31
19522-496.00
19523-497.00
19524-499.29
19525-515.49
19526-532.85
19527-537.54
19528-531.58
19529-523.02
195210-542.20
195211-566.64
195212-572.25
19531-567.82
19532-573.26
19533-547.62
19534-553.11
19535-535.92
19536-546.17
19537-551.08
19538-528.45
19539-547.03
195310-561.85
195311-572.17
195312-589.47
19541-605.25
19542-620.88
19543-648.51
19544-677.19
19545-685.47
19546-716.03
19547-733.17
19548-753.26
19549-773.68
195410-806.96
195411-846.93
195412-865.30
19551-897.35
19552-893.44
19553-927.46
19554-926.73
19555-983.68
19556-1,058.87
19557-1,055.71
19558-1,106.55
19559-1,054.27
195510-1,128.77
195511-1,142.73
195512-1,115.44
19561-1,126.03
19562-1,207.18
19563-1,225.08
19564-1,190.30
19565-1,187.19
19566-1,255.44
19567-1,251.86
19568-1,213.19
19569-1,201.62
195610-1,193.06
195611-1,214.64
195612-1,192.02
19571-1,144.39
19572-1,162.93
19573-1,193.68
19574-1,243.34
19575-1,267.64
19576-1,297.08
19577-1,229.56
19578-1,183.58
19579-1,113.79
195710-1,093.74
195711-1,097.22
195712-1,122.77
19581-1,130.65
19582-1,158.00
19583-1,168.38
19584-1,209.95
19585-1,243.04
19586-1,281.21
19587-1,333.16
19588-1,372.40
19589-1,432.23
195810-1,479.86
195811-1,511.87
195812-1,576.19
19591-1,556.25
19592-1,599.92
19593-1,630.90
19594-1,659.70
19595-1,649.63
19596-1,719.37
19597-1,713.90
19598-1,650.43
19599-1,653.35
195910-1,664.41
195911-1,722.05
195912-1,696.46
19601-1,635.23
19602-1,617.60
19603-1,643.23
19604-1,632.97
19605-1,698.09
19606-1,660.80
19607-1,685.56
19608-1,639.70
19609-1,612.25
196010-1,669.34
196011-1,714.26
196012-1,807.29
19611-1,886.34
19612-1,950.42
19613-2,007.35
19614-2,032.71
19615-2,010.76
19616-2,010.19
19617-2,087.36
19618-2,076.06
19619-2,103.94
196110-2,204.34
196111-2,229.98
196112-2,152.21
19621-2,193.31
19622-2,200.79
19623-2,135.98
19624-1,982.51
19625-1,756.25
19626-1,803.97
19627-1,858.51
19628-1,847.48
19629-1,794.71
196210-1,923.94
196211-2,012.90
196212-2,096.37
19631-2,129.82
19632-2,127.51
19633-2,233.42
19634-2,284.11
19635-2,289.06
19636-2,261.09
19637-2,329.63
19638-2,397.04
19639-2,409.02
196310-2,401.64
196311-2,459.12
196312-2,541.01
19641-2,578.61
19642-2,632.02
19643-2,676.58
19644-2,709.25
19645-2,699.74
19646-2,806.68
19647-2,772.28
19648-2,826.77
19649-2,882.46
196410-2,909.47
196411-2,866.11
196412-2,946.96
19651-2,975.69
19652-2,985.68
19653-3,032.18
19654-3,084.72
19655-2,945.68
19656-2,948.71
19657-3,011.18
19658-3,119.47
19659-3,197.35
196510-3,231.76
196511-3,224.92
196512-3,288.79
19661-3,274.63
19662-3,148.15
19663-3,252.70
19664-3,089.82
19665-3,072.53
19666-3,073.10
19667-2,895.80
19668-2,802.41
19669-2,786.59
196610-2,934.73
196611-2,955.74
196612-3,077.82
19671-3,192.62
19672-3,276.71
19673-3,341.99
19674-3,410.76
19675-3,376.93
19676-3,444.22
19677-3,507.99
19678-3,566.01
19679-3,569.48
196710-3,466.62
196711-3,574.49
196712-3,573.87
19681-3,421.73
19682-3,368.38
19683-3,626.45
19684-3,719.20
19685-3,828.58
19686-3,830.45
19687-3,756.37
19688-3,888.13
19689-3,993.78
196810-4,065.10
196811-4,117.35
196812-3,953.27
19691-3,943.83
19692-3,868.36
19693-3,956.33
19694-4,095.34
19695-3,891.75
19696-3,728.09
19697-3,717.51
19698-3,740.88
19699-3,791.25
196910-3,829.06
196911-3,636.56
196912-3,615.14
19701-3,499.59
19702-3,570.01
19703-3,471.92
19704-3,083.10
19705-3,074.78
19706-3,090.85
19707-3,191.48
19708-3,393.22
19709-3,477.70
197010-3,484.89
197011-3,734.35
197012-3,887.85
19711-4,049.24
19712-4,163.91
19713-4,316.88
19714-4,269.06
19715-4,200.93
19716-4,181.48
19717-4,118.04
19718-4,220.44
19719-4,141.78
197110-3,960.72
197111-4,244.45
197112-4,432.16
19721-4,524.66
19722-4,643.19
19723-4,701.64
19724-4,665.16
19725-4,689.24
19726-4,665.61
19727-4,842.15
19728-4,783.53
19729-4,803.50
197210-5,055.89
197211-5,172.75
197212-5,223.93
19731-5,050.23
19732-4,982.29
19733-4,900.91
19734-4,774.97
19735-4,679.96
19736-4,736.60
19737-4,659.13
19738-4,752.10
19739-4,953.36
197310-4,613.92
197311-4,299.93
197312-4,373.04
19741-4,264.90
19742-4,460.01
19743-4,245.18
19744-4,130.32
19745-4,149.21
19746-3,678.40
19747-3,539.92
19748-3,185.45
19749-3,261.16
197410-3,383.24
197411-3,177.14
197412-3,451.42
19751-3,824.43
19752-4,014.64
19753-4,074.34
19754-4,347.84
19755-4,473.69
19756-4,493.02
19757-4,178.68
19758-4,143.05
19759-4,349.01
197510-4,437.80
197511-4,385.45
197512-4,804.05
19761-5,004.77
19762-5,044.93
19763-5,100.20
19764-5,080.65
19765-5,126.41
19766-5,263.04
19767-5,233.54
19768-5,361.12
19769-5,194.49
197610-5,175.44
197611-5,371.41
197612-5,342.55
19771-5,216.01
19772-5,213.18
19773-5,150.96
19774-5,154.28
19775-5,200.65
19776-5,267.35
19777-5,157.86
19778-5,097.24
19779-4,985.21
197710-5,034.12
197711-5,030.09
197712-4,859.55
19781-4,812.31
19782-4,825.10
19783-5,058.15
19784-5,336.57
19785-5,372.51
19786-5,369.17
19787-5,762.63
19788-5,785.66
19789-5,625.19
197810-5,319.32
197811-5,421.60
197812-5,648.51
19791-5,588.81
19792-5,719.65
19793-5,858.69
19794-5,747.78
19795-5,886.74
19796-5,970.38
19797-6,269.76
19798-6,366.34
19799-6,152.91
197910-6,133.07
197911-6,403.17
197912-6,615.27
19801-6,906.07
19802-6,299.87
19803-6,226.66
19804-6,540.24
19805-6,989.08
19806-7,336.40
19807-7,593.52
19808-7,808.85
19809-8,068.48
198010-8,440.81
198011-8,335.75
198012-8,336.58
19811-8,080.63
19812-8,415.43
19813-8,524.31
19814-8,386.45
19815-8,458.37
19816-8,287.83
19817-8,354.35
19818-7,660.71
19819-7,793.03
198110-8,030.23
198111-8,124.94
198112-7,734.60
19821-7,586.57
19822-7,378.36
19823-7,781.90
19824-7,826.23
19825-7,413.74
19826-7,431.82
19827-7,490.82
19828-8,396.94
19829-9,142.71
198210-9,554.12
198211-9,683.63
198212-10,063.78
19831-10,278.14
19832-10,675.46
19833-11,123.55
19834-11,615.66
19835-11,819.34
19836-11,903.03
19837-11,616.51
19838-12,001.46
19839-12,079.22
198310-11,941.34
198311-11,926.04
198312-12,113.99
19841-11,494.70
19842-11,545.55
19843-11,604.11
19844-11,574.80
19845-11,360.86
19846-11,257.65
19847-12,294.10
19848-12,467.07
19849-12,415.66
198410-12,575.31
198411-12,486.33
198412-13,072.88
19851-13,829.46
19852-13,763.31
19853-13,904.35
19854-14,284.72
19855-14,643.40
19856-14,972.47
19857-14,696.18
19858-14,419.16
19859-14,634.81
198510-15,574.44
198511-16,399.03
198512-16,522.31
19861-17,463.62
19862-18,543.36
19863-19,051.71
19864-19,145.41
19865-19,745.28
19866-19,389.10
19867-19,831.33
19868-19,344.23
19869-19,326.84
198610-20,009.65
198611-20,351.60
198612-21,709.74
19871-23,112.60
19872-24,124.10
19873-23,917.50
19874-23,958.84
19875-25,036.61
19876-25,818.28
19877-27,484.59
19878-26,651.69
19879-23,492.43
198710-20,602.06
198711-20,327.09
198712-21,190.28
19881-21,895.62
19882-22,603.30
19883-22,403.03
19884-21,912.79
19885-23,227.16
19886-23,155.87
19887-22,757.94
19888-23,196.53
19889-24,078.37
198810-23,591.93
198811-24,140.66
198812-24,988.64
19891-25,813.23
19892-25,771.50
19893-26,690.20
19894-27,788.59
19895-28,731.35
19896-29,535.88
19897-30,921.33
19898-31,062.19
19899-31,151.11
198910-30,586.16
198911-31,423.22
198912-30,728.38
19901-29,951.82
19902-30,762.66
19903-30,822.95
19904-32,009.92
19905-33,024.62
19906-33,080.67
19907-30,480.13
19908-29,156.97
19909-28,481.76
199010-29,331.60
199011-30,676.93
199012-30,466.74
19911-34,002.94
19912-35,038.20
19913-35,829.65
19914-35,765.56
19915-35,889.67
19916-36,169.79
19917-37,138.75
19918-37,026.18
19919-37,093.44
199110-37,099.30
199111-37,446.23
199112-40,201.53
19921-39,959.98
19922-39,555.44
19923-39,659.98
19924-40,480.29
19925-39,942.26
19926-40,706.01
19927-41,089.34
19928-41,244.74
19929-40,757.20
199210-41,880.84
199211-43,250.85
199212-43,312.65
19931-44,059.47
19932-45,006.81
19933-44,402.94
19934-44,724.73
19935-45,111.68
19936-45,139.20
19937-45,934.77
19938-46,557.17
19939-47,135.37
199310-47,138.92
199311-47,557.13
199312-48,382.67
19941-48,346.04
19942-47,657.68
19943-46,062.87
19944-46,550.33
19945-47,066.15
19946-46,821.94
19947-48,265.03
19948-48,659.57
19949-48,443.52
199410-48,264.34
199411-47,769.29
199412-48,940.20
19951-50,809.27
19952-52,109.06
19953-53,784.65
19954-55,585.23
19955-57,351.96
19956-59,386.51
19957-59,691.24
19958-61,910.36
19959-62,475.33
199510-63,948.74
199511-66,116.05
199512-66,223.55
19961-70,133.64
19962-69,992.89
19963-70,130.80
19964-71,782.26
19965-72,700.07
19966-70,172.60
19967-72,330.94
19968-73,794.72
19969-76,834.69
199610-80,716.44
199611-81,683.61
199612-84,344.48
19971-88,022.88
19972-87,473.90
19973-84,495.20
19974-92,283.82
19975-97,208.85
19976-102,784.67
19977-103,142.15
19978-104,371.61
19979-106,088.91
199710-104,866.72
199711-107,629.56
199712-107,884.74
19981-114,791.69
19982-120,890.43
19983-125,007.56
19984-124,730.22
19985-124,875.48
19986-130,454.50
19987-121,360.51
19988-115,415.72
19989-116,905.57
199810-129,735.24
199811-135,059.71
199812-141,877.10
19991-141,782.46
19992-145,927.48
19993-152,129.43
19994-151,979.08
19995-151,049.32
19996-157,880.36
19997-151,921.34
19998-151,012.83
19999-149,091.23
199910-159,685.58
199911-164,170.72
199912-163,975.47
20001-159,912.03
20002-166,214.09
20003-168,582.08
20004-163,796.38
20005-168,978.05
20006-170,414.94
20007-172,016.35
20008-170,159.17
20009-161,286.68
200010-160,040.64
200011-154,727.17
200012-155,431.19
20011-152,110.78
20012-138,299.27
20013-138,919.81
20014-148,476.57
20015-144,929.98
20016-141,074.51
20017-138,188.35
20018-122,645.86
20019-126,550.94
200110-132,945.75
200111-134,894.80
200112-134,493.23
20021-129,983.98
20022-136,412.04
20023-131,617.93
20024-127,905.82
20025-120,332.57
20026-107,386.59
20027-108,609.50
20028-103,442.15
20029-102,028.05
200210-108,788.00
200211-107,661.98
200212-107,422.41
20031-100,531.44
20032-101,846.29
20033-107,229.74
20034-112,926.01
20035-119,367.52
20036-120,078.83
20037-119,879.11
20038-123,668.71
20039-126,176.50
200310-127,703.97
200311-131,616.58
200312-138,111.81
20041-139,612.62
20042-137,427.40
20043-138,757.89
20044-135,199.79
20045-139,063.36
20046-135,950.04
20047-134,063.63
20048-137,794.12
20049-137,935.49
200410-144,520.39
200411-148,462.11
200412-146,459.02
20051-148,921.30
20052-148,540.68
20053-144,962.45
20054-146,898.96
20055-150,102.39
20056-152,815.92
20057-153,289.68
20058-153,718.42
20059-149,684.51
200510-155,614.32
200511-158,950.90
200512-161,282.34
20061-161,255.51
20062-163,651.99
20063-164,958.47
20064-163,660.85
20065-159,232.52
20066-160,379.06
20067-164,054.57
20068-168,207.07
20069-174,289.29
200610-177,777.94
200611-181,597.08
200612-182,855.24
20071-185,773.69
20072-181,177.85
20073-188,751.56
20074-195,153.55
20075-195,826.63
20076-196,951.89
20077-188,677.73
20078-194,479.09
20079-200,297.19
200710-190,670.28
200711-193,031.20
200712-180,223.20
20081-177,404.57
20082-172,744.80
20083-180,075.75
20084-184,690.38
20085-176,847.35
20086-166,097.73
20087-169,603.28
20088-161,381.70
20089-128,792.95
200810-117,709.87
200811-117,296.45
200812-116,011.40
20091-108,235.73
20092-102,079.89
20093-114,657.92
20094-122,293.94
20095-125,802.38
20096-127,409.68
20097-137,756.30
20098-142,784.88
20099-146,216.15
200910-149,278.39
200911-152,601.12
200912-154,671.87
20101-150,188.74
20102-159,114.51
20103-165,619.01
20104-155,876.64
20105-150,353.05
20106-150,113.88
20107-151,410.28
20108-156,514.55
20109-163,678.91
201010-167,756.01
201011-173,986.03
201012-180,009.76
20111-185,681.62
20112-183,615.98
20113-187,694.06
20114-188,931.41
20115-182,011.61
20116-187,657.13
20117-168,139.57
20118-166,812.54
20119-171,848.45
201110-174,885.22
201111-177,604.25
201112-186,098.28
20121-193,844.82
20122-199,434.99
20123-199,358.79
20124-193,196.70
20125-190,970.28
20126-196,548.69
20127-203,207.17
20128-209,346.40
20129-208,891.83
201210-202,964.54
201211-207,380.11
201212-216,232.67
20131-221,277.42
20132-227,301.60
20133-230,606.09
20134-241,154.64
20135-238,459.07
20136-246,219.67
20137-246,841.44
20138-249,784.94
20139-255,074.26
201310-264,920.12
201311-268,951.30
201312-271,554.23
20141-271,201.12
20142-278,583.94
20143-279,145.91
20144-283,422.52
20145-292,481.61
20146-296,856.61
20147-295,589.18
20148-300,844.86
20149-292,882.75
201410-309,593.62
201411-311,556.09
201412-308,097.68
20151-316,808.83
20152-316,984.22
20153-319,768.64
20154-322,898.87
20155-321,492.65
20156-321,236.64
20157-313,448.59
20158-299,321.16
20159-312,243.21
201510-321,399.65
201511-317,854.71
201512-297,449.64
20161-295,813.94
20162-314,635.77
20163-323,543.93
20164-322,559.17
20165-325,999.24
20166-336,748.86
20167-340,787.35
20168-339,292.41
20169-337,575.65
201610-341,630.48
201611-355,111.10
201612-360,216.30
20171-369,497.07
20172-375,960.52
20173-375,381.53
20174-381,734.39
20175-388,515.62
20176-392,353.71
20177-393,325.98
20178-399,828.69
20179-410,763.20
201710-417,292.57
201711-429,325.14
201712-450,198.49
20181-437,202.68
20182-437,485.01
20183-430,205.39
20184-438,644.39
20185-447,912.81
20186-454,993.15
20187-466,144.15
20188-473,974.20
20189-455,730.99
201810-446,269.53
201811-421,445.73
201812-428,760.49
20191-453,752.53
20192-462,591.72
20193-479,815.03
20194-472,465.28
20195-479,102.23
20196-497,439.12
20197-481,847.32
20198-496,713.40
20199-496,762.10
201910-518,787.00
201911-531,597.51
201912-549,386.87
20201-550,057.55
20202-445,999.26
20203-465,260.25
20204-492,651.82
20205-524,714.94
20206-542,956.31
20207-574,955.47
20208-571,350.49
20209-581,212.00
202010-604,193.80
202011-629,932.94
202012-647,541.46
20211-663,675.14
20212-669,126.29
20213-709,417.63
20214-714,810.85
20215-727,751.95
20216-750,080.84
20217-766,471.32
20218-765,823.66
20219-769,286.54
202110-805,787.21
202111-807,925.80
202112-791,347.54
20221-768,378.13
20222-761,519.71
20223-762,420.60
20224-702,397.29
20225-678,730.82
20226-667,899.24
Click to show 1098 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 1930 to 2022
Start Value
Average monthly close
$21.71
End Value
Average monthly close
$3,831.39
Change in price+17,548.04%
+5.78% / yr
Change incl. dividends+522,282.57%
+9.70% / yr
Change incl. dividends, inflation-adjusted+29,341.33%
+6.34% / yr
Final amount, nominal
($100 base)
$522,382.57
Final amount, inflation-adjusted
($100 base)
$29,441.33