S&P 500: $100 in 1950 → $238,042.49 in 2022

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Stock market returns since 1950

If you invested $100 in the S&P 500 at the beginning of 1950, you would have about $238,042.49 at the end of 2022, assuming you reinvested all dividends. This is a return on investment of 237,942.49%, or 11.35% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $186,936.12.

This investment result beats inflation during this period for an inflation-adjusted return of about 19,526.76% cumulatively, or 7.57% 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.

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This chart shows the rate of gains and loss by month, including dividends:

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Adjusting stock market return for inflation

The nominal return on investment of $100 is $237,942.49, or 237,942.49%. This means by 2022 you would have $238,042.49 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 1950 was 24.100 and the CPI in 2022 was 292.296.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 72 years.

Adjusted for inflation, the $238,042.49 nominal end value of the original $100 investment would have a real value of roughly $19,526.76 in 1950 dollars. This means the inflation-adjusted return is 19,526.76% as opposed to the original 237,942.49%.

For more information on inflation, see our U.S. inflation calculator for 1950.

Full monthly data

The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 868-month period between 1950 and 2022.

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

Year Month Return (%) Amount ($) CPI
1950 1 2.52% 102.52 23.50
1950 2 1.38% 103.93 23.50
1950 3 3.39% 107.45 23.60
1950 4 3.91% 111.66 23.60
1950 5 2.16% 114.08 23.70
1950 6 -6.72% 106.41 23.80
1950 7 6.64% 113.47 24.10
1950 8 4.11% 118.13 24.30
1950 9 4.72% 123.71 24.40
1950 10 0.38% 124.17 24.60
1950 11 0.19% 124.41 24.70
1950 12 8.01% 134.38 25.00
1951 1 4.31% 140.17 25.40
1951 2 -1.11% 138.61 25.70
1951 3 1.93% 141.28 25.80
1951 4 0.63% 142.17 25.80
1951 5 -1.15% 140.54 25.90
1951 6 2.37% 143.87 25.90
1951 7 4.97% 151.01 25.90
1951 8 3.14% 155.75 25.90
1951 9 0.03% 155.79 26.10
1951 10 -2.25% 152.28 26.20
1951 11 3.61% 157.79 26.40
1951 12 3.83% 163.83 26.50
1952 1 -1.33% 161.65 26.50
1952 2 0.75% 162.86 26.30
1952 3 0.20% 163.19 26.30
1952 4 0.46% 163.95 26.40
1952 5 3.24% 169.26 26.40
1952 6 3.37% 174.96 26.50
1952 7 0.88% 176.50 26.70
1952 8 -1.11% 174.55 26.70
1952 9 -1.61% 171.74 26.70
1952 10 3.67% 178.03 26.70
1952 11 4.51% 186.06 26.70
1952 12 0.99% 187.90 26.70
1953 1 -0.77% 186.45 26.60
1953 2 0.96% 188.23 26.50
1953 3 -4.47% 179.81 26.60
1953 4 1.00% 181.62 26.60
1953 5 -3.11% 175.97 26.70
1953 6 1.91% 179.34 26.80
1953 7 0.90% 180.95 26.80
1953 8 -4.11% 173.52 26.90
1953 9 3.52% 179.62 26.90
1953 10 2.71% 184.49 27.00
1953 11 1.84% 187.88 26.90
1953 12 3.02% 193.56 26.90
1954 1 2.68% 198.74 26.90
1954 2 2.58% 203.87 26.90
1954 3 4.45% 212.94 26.90
1954 4 4.42% 222.36 26.80
1954 5 1.22% 225.08 26.90
1954 6 4.46% 235.11 26.90
1954 7 2.39% 240.74 26.90
1954 8 2.74% 247.34 26.90
1954 9 2.71% 254.04 26.80
1954 10 4.30% 264.97 26.80
1954 11 4.95% 278.10 26.80
1954 12 2.17% 284.13 26.70
1955 1 3.70% 294.65 26.70
1955 2 -0.44% 293.37 26.70
1955 3 3.81% 304.54 26.70
1955 4 -0.08% 304.30 26.70
1955 5 6.15% 323.00 26.70
1955 6 7.64% 347.69 26.70
1955 7 -0.30% 346.65 26.80
1955 8 4.82% 363.34 26.80
1955 9 -4.72% 346.18 26.90
1955 10 7.07% 370.64 26.90
1955 11 1.24% 375.22 26.90
1955 12 -2.39% 366.26 26.80
1956 1 0.95% 369.74 26.80
1956 2 7.21% 396.39 26.80
1956 3 1.48% 402.26 26.80
1956 4 -2.84% 390.84 26.90
1956 5 -0.26% 389.82 27.00
1956 6 5.75% 412.23 27.20
1956 7 -0.28% 411.06 27.40
1956 8 -3.09% 398.36 27.30
1956 9 -0.95% 394.56 27.40
1956 10 -0.71% 391.75 27.50
1956 11 1.81% 398.84 27.50
1956 12 -1.86% 391.41 27.60
1957 1 -4.00% 375.77 27.60
1957 2 1.62% 381.86 27.70
1957 3 2.64% 391.95 27.80
1957 4 4.16% 408.26 27.90
1957 5 1.95% 416.24 28.00
1957 6 2.32% 425.90 28.10
1957 7 -5.21% 403.74 28.30
1957 8 -3.74% 388.64 28.30
1957 9 -5.90% 365.72 28.30
1957 10 -1.80% 359.14 28.30
1957 11 0.32% 360.28 28.40
1957 12 2.33% 368.67 28.40
1958 1 0.70% 371.26 28.60
1958 2 2.42% 380.24 28.60
1958 3 0.90% 383.65 28.80
1958 4 3.56% 397.29 28.90
1958 5 2.74% 408.16 28.90
1958 6 3.07% 420.70 28.90
1958 7 4.05% 437.75 29.00
1958 8 2.94% 450.64 28.90
1958 9 4.36% 470.28 28.90
1958 10 3.33% 485.92 28.90
1958 11 2.16% 496.43 29.00
1958 12 4.25% 517.55 28.90
1959 1 -1.27% 511.01 29.00
1959 2 2.81% 525.35 28.90
1959 3 1.94% 535.52 28.90
1959 4 1.77% 544.97 29.00
1959 5 -0.61% 541.67 29.00
1959 6 4.23% 564.57 29.10
1959 7 -0.32% 562.77 29.20
1959 8 -3.70% 541.93 29.20
1959 9 0.18% 542.89 29.30
1959 10 0.67% 546.52 29.40
1959 11 3.46% 565.45 29.40
1959 12 -1.49% 557.05 29.40
1960 1 -3.61% 536.94 29.30
1960 2 -1.08% 531.15 29.40
1960 3 1.58% 539.57 29.40
1960 4 -0.62% 536.20 29.50
1960 5 3.99% 557.58 29.50
1960 6 -2.20% 545.34 29.60
1960 7 1.49% 553.47 29.60
1960 8 -2.72% 538.41 29.60
1960 9 -1.67% 529.39 29.60
1960 10 3.54% 548.14 29.80
1960 11 2.69% 562.89 29.80
1960 12 5.43% 593.44 29.80
1961 1 4.37% 619.39 29.80
1961 2 3.40% 640.43 29.80
1961 3 2.92% 659.13 29.80
1961 4 1.26% 667.46 29.80
1961 5 -1.08% 660.25 29.80
1961 6 -0.03% 660.06 29.80
1961 7 3.84% 685.40 30.00
1961 8 -0.54% 681.69 29.90
1961 9 1.34% 690.84 30.00
1961 10 4.77% 723.81 30.00
1961 11 1.16% 732.23 30.00
1961 12 -3.49% 706.69 30.00
1962 1 1.91% 720.19 30.00
1962 2 0.34% 722.64 30.10
1962 3 -2.94% 701.36 30.10
1962 4 -7.19% 650.97 30.20
1962 5 -11.41% 576.68 30.20
1962 6 2.72% 592.35 30.20
1962 7 3.02% 610.25 30.30
1962 8 -0.59% 606.63 30.30
1962 9 -2.86% 589.31 30.40
1962 10 7.20% 631.74 30.40
1962 11 4.62% 660.95 30.40
1962 12 4.15% 688.36 30.40
1963 1 1.60% 699.34 30.40
1963 2 -0.11% 698.58 30.40
1963 3 4.98% 733.36 30.50
1963 4 2.27% 750.00 30.50
1963 5 0.22% 751.63 30.50
1963 6 -1.22% 742.45 30.60
1963 7 3.03% 764.95 30.70
1963 8 2.89% 787.08 30.70
1963 9 0.50% 791.02 30.70
1963 10 -0.31% 788.59 30.80
1963 11 2.39% 807.47 30.80
1963 12 3.33% 834.36 30.90
1964 1 1.48% 846.71 30.90
1964 2 2.07% 864.24 30.90
1964 3 1.69% 878.87 30.90
1964 4 1.22% 889.60 30.90
1964 5 -0.35% 886.48 30.90
1964 6 3.96% 921.59 31.00
1964 7 -1.23% 910.30 31.10
1964 8 1.97% 928.19 31.00
1964 9 1.97% 946.48 31.10
1964 10 0.94% 955.34 31.10
1964 11 -1.49% 941.11 31.20
1964 12 2.82% 967.65 31.20
1965 1 0.98% 977.09 31.20
1965 2 0.34% 980.37 31.20
1965 3 1.56% 995.64 31.30
1965 4 1.73% 1,012.89 31.40
1965 5 -4.51% 967.23 31.40
1965 6 0.10% 968.23 31.60
1965 7 2.12% 988.74 31.60
1965 8 3.60% 1,024.30 31.60
1965 9 2.50% 1,049.87 31.60
1965 10 1.08% 1,061.17 31.70
1965 11 -0.21% 1,058.92 31.70
1965 12 1.98% 1,079.90 31.80
1966 1 -0.43% 1,075.25 31.80
1966 2 -3.86% 1,033.72 32.00
1966 3 3.32% 1,068.05 32.10
1966 4 -5.01% 1,014.56 32.30
1966 5 -0.56% 1,008.89 32.30
1966 6 0.02% 1,009.07 32.40
1966 7 -5.77% 950.85 32.50
1966 8 -3.22% 920.19 32.70
1966 9 -0.56% 915.00 32.70
1966 10 5.32% 963.64 32.90
1966 11 0.72% 970.54 32.90
1966 12 4.13% 1,010.62 32.90
1967 1 3.73% 1,048.32 32.90
1967 2 2.63% 1,075.93 32.90
1967 3 1.99% 1,097.37 33.00
1967 4 2.06% 1,119.95 33.10
1967 5 -0.99% 1,108.84 33.20
1967 6 1.99% 1,130.93 33.30
1967 7 1.85% 1,151.87 33.40
1967 8 1.65% 1,170.92 33.50
1967 9 0.10% 1,172.06 33.60
1967 10 -2.88% 1,138.29 33.70
1967 11 3.11% 1,173.71 33.80
1967 12 -0.02% 1,173.50 33.90
1968 1 -4.26% 1,123.55 34.10
1968 2 -1.56% 1,106.03 34.20
1968 3 7.66% 1,190.77 34.30
1968 4 2.56% 1,221.23 34.40
1968 5 2.94% 1,257.14 34.50
1968 6 0.05% 1,257.75 34.70
1968 7 -1.93% 1,233.43 34.90
1968 8 3.51% 1,276.69 35.00
1968 9 2.72% 1,311.39 35.10
1968 10 1.79% 1,334.80 35.30
1968 11 1.29% 1,351.96 35.40
1968 12 -3.99% 1,298.08 35.50
1969 1 -0.24% 1,294.99 35.60
1969 2 -1.91% 1,270.20 35.80
1969 3 2.27% 1,299.09 36.10
1969 4 3.51% 1,344.73 36.30
1969 5 -4.97% 1,277.88 36.40
1969 6 -4.21% 1,224.14 36.60
1969 7 -0.28% 1,220.67 36.80
1969 8 0.63% 1,228.34 37.00
1969 9 1.35% 1,244.88 37.10
1969 10 1.00% 1,257.30 37.30
1969 11 -5.03% 1,194.09 37.50
1969 12 -0.59% 1,187.06 37.70
1970 1 -3.20% 1,149.12 37.80
1970 2 2.01% 1,172.24 38.00
1970 3 -2.75% 1,140.03 38.20
1970 4 -11.20% 1,012.36 38.50
1970 5 -0.27% 1,009.63 38.60
1970 6 0.52% 1,014.90 38.80
1970 7 3.26% 1,047.94 39.00
1970 8 6.32% 1,114.19 39.00
1970 9 2.49% 1,141.93 39.20
1970 10 0.21% 1,144.29 39.40
1970 11 7.16% 1,226.20 39.60
1970 12 4.11% 1,276.60 39.80
1971 1 4.15% 1,329.60 39.80
1971 2 2.83% 1,367.25 39.90
1971 3 3.67% 1,417.48 40.00
1971 4 -1.11% 1,401.78 40.10
1971 5 -1.60% 1,379.40 40.30
1971 6 -0.46% 1,373.02 40.60
1971 7 -1.52% 1,352.19 40.70
1971 8 2.49% 1,385.81 40.80
1971 9 -1.86% 1,359.98 40.80
1971 10 -4.37% 1,300.53 40.90
1971 11 7.16% 1,393.69 40.90
1971 12 4.42% 1,455.33 41.10
1972 1 2.09% 1,485.70 41.10
1972 2 2.62% 1,524.62 41.30
1972 3 1.26% 1,543.82 41.40
1972 4 -0.78% 1,531.84 41.50
1972 5 0.52% 1,539.74 41.60
1972 6 -0.50% 1,531.99 41.70
1972 7 3.78% 1,589.95 41.90
1972 8 -1.21% 1,570.71 42.00
1972 9 0.42% 1,577.26 42.10
1972 10 5.25% 1,660.14 42.30
1972 11 2.31% 1,698.51 42.40
1972 12 0.99% 1,715.31 42.50
1973 1 -3.33% 1,658.28 42.60
1973 2 -1.35% 1,635.97 42.90
1973 3 -1.63% 1,609.25 43.30
1973 4 -2.57% 1,567.89 43.60
1973 5 -1.99% 1,536.70 43.90
1973 6 1.21% 1,555.29 44.20
1973 7 -1.64% 1,529.86 44.30
1973 8 2.00% 1,560.38 45.10
1973 9 4.24% 1,626.47 45.20
1973 10 -6.85% 1,515.01 45.60
1973 11 -6.81% 1,411.91 45.90
1973 12 1.70% 1,435.92 46.20
1974 1 -2.47% 1,400.41 46.60
1974 2 4.57% 1,464.47 47.20
1974 3 -4.82% 1,393.94 47.80
1974 4 -2.71% 1,356.22 48.00
1974 5 0.46% 1,362.42 48.60
1974 6 -11.35% 1,207.83 49.00
1974 7 -3.76% 1,162.36 49.40
1974 8 -10.01% 1,045.96 50.00
1974 9 2.38% 1,070.83 50.60
1974 10 3.74% 1,110.91 51.10
1974 11 -6.09% 1,043.24 51.50
1974 12 8.63% 1,133.30 51.90
1975 1 10.81% 1,255.78 52.10
1975 2 4.97% 1,318.24 52.50
1975 3 1.49% 1,337.84 52.70
1975 4 6.71% 1,427.64 52.90
1975 5 2.89% 1,468.97 53.20
1975 6 0.43% 1,475.31 53.60
1975 7 -7.00% 1,372.10 54.20
1975 8 -0.85% 1,360.40 54.30
1975 9 4.97% 1,428.03 54.60
1975 10 2.04% 1,457.18 54.90
1975 11 -1.18% 1,439.99 55.30
1975 12 9.55% 1,577.44 55.50
1976 1 4.18% 1,643.35 55.60
1976 2 0.80% 1,656.54 55.80
1976 3 1.10% 1,674.69 55.90
1976 4 -0.38% 1,668.27 56.10
1976 5 0.90% 1,683.29 56.50
1976 6 2.67% 1,728.16 56.80
1976 7 -0.56% 1,718.47 57.10
1976 8 2.44% 1,760.36 57.40
1976 9 -3.11% 1,705.65 57.60
1976 10 -0.37% 1,699.39 57.90
1976 11 3.79% 1,763.74 58.00
1976 12 -0.54% 1,754.26 58.20
1977 1 -2.37% 1,712.71 58.50
1977 2 -0.05% 1,711.79 59.10
1977 3 -1.19% 1,691.35 59.50
1977 4 0.06% 1,692.44 60.00
1977 5 0.90% 1,707.67 60.30
1977 6 1.28% 1,729.57 60.70
1977 7 -2.08% 1,693.62 61.00
1977 8 -1.18% 1,673.71 61.20
1977 9 -2.20% 1,636.93 61.40
1977 10 0.98% 1,652.99 61.60
1977 11 -0.08% 1,651.66 61.90
1977 12 -3.39% 1,595.67 62.10
1978 1 -0.97% 1,580.16 62.50
1978 2 0.27% 1,584.35 62.90
1978 3 4.83% 1,660.88 63.40
1978 4 5.50% 1,752.30 63.90
1978 5 0.67% 1,764.10 64.50
1978 6 -0.06% 1,763.00 65.20
1978 7 7.33% 1,892.20 65.70
1978 8 0.40% 1,899.76 66.00
1978 9 -2.77% 1,847.07 66.50
1978 10 -5.44% 1,746.63 67.10
1978 11 1.92% 1,780.22 67.40
1978 12 4.19% 1,854.73 67.70
1979 1 -1.06% 1,835.12 68.30
1979 2 2.34% 1,878.09 69.10
1979 3 2.43% 1,923.74 69.80
1979 4 -1.89% 1,887.32 70.60
1979 5 2.42% 1,932.95 71.50
1979 6 1.42% 1,960.42 72.30
1979 7 5.01% 2,058.72 73.10
1979 8 1.54% 2,090.43 73.80
1979 9 -3.35% 2,020.35 74.60
1979 10 -0.32% 2,013.84 75.20
1979 11 4.40% 2,102.52 75.90
1979 12 3.31% 2,172.17 76.70
1980 1 4.40% 2,267.66 77.80
1980 2 -8.78% 2,068.60 78.90
1980 3 -1.16% 2,044.57 80.10
1980 4 5.04% 2,147.53 81.00
1980 5 6.86% 2,294.91 81.80
1980 6 4.97% 2,408.96 82.70
1980 7 3.50% 2,493.38 82.70
1980 8 2.84% 2,564.09 83.30
1980 9 3.32% 2,649.34 84.00
1980 10 4.61% 2,771.60 84.80
1980 11 -1.24% 2,737.10 85.50
1980 12 0.01% 2,737.37 86.30
1981 1 -3.07% 2,653.33 87.00
1981 2 4.14% 2,763.27 87.90
1981 3 1.29% 2,799.02 88.50
1981 4 -1.62% 2,753.75 89.10
1981 5 0.86% 2,777.37 89.80
1981 6 -2.02% 2,721.37 90.60
1981 7 0.80% 2,743.21 91.60
1981 8 -8.30% 2,515.45 92.30
1981 9 1.73% 2,558.90 93.20
1981 10 3.04% 2,636.78 93.40
1981 11 1.18% 2,667.88 93.70
1981 12 -4.80% 2,539.71 94.00
1982 1 -1.91% 2,491.10 94.30
1982 2 -2.74% 2,422.73 94.60
1982 3 5.47% 2,555.24 94.50
1982 4 0.57% 2,569.80 94.90
1982 5 -5.27% 2,434.35 95.80
1982 6 0.24% 2,440.29 97.00
1982 7 0.79% 2,459.66 97.50
1982 8 12.10% 2,757.19 97.70
1982 9 8.88% 3,002.07 97.90
1982 10 4.50% 3,137.16 98.20
1982 11 1.36% 3,179.69 98.00
1982 12 3.93% 3,304.51 97.60
1983 1 2.13% 3,374.90 97.80
1983 2 3.87% 3,505.36 97.90
1983 3 4.20% 3,652.49 97.90
1983 4 4.42% 3,814.08 98.60
1983 5 1.75% 3,880.96 99.20
1983 6 0.71% 3,908.44 99.50
1983 7 -2.41% 3,814.36 99.90
1983 8 3.31% 3,940.76 100.20
1983 9 0.65% 3,966.29 100.70
1983 10 -1.14% 3,921.02 101.00
1983 11 -0.13% 3,916.00 101.20
1983 12 1.58% 3,977.71 101.30
1984 1 -5.11% 3,774.36 101.90
1984 2 0.44% 3,791.06 102.40
1984 3 0.51% 3,810.29 102.60
1984 4 -0.25% 3,800.67 103.10
1984 5 -1.85% 3,730.42 103.40
1984 6 -0.91% 3,696.53 103.70
1984 7 9.21% 4,036.85 104.10
1984 8 1.41% 4,093.65 104.50
1984 9 -0.41% 4,076.77 105.00
1984 10 1.29% 4,129.19 105.30
1984 11 -0.71% 4,099.97 105.30
1984 12 4.70% 4,292.57 105.30
1985 1 5.79% 4,541.00 105.50
1985 2 -0.48% 4,519.28 106.00
1985 3 1.02% 4,565.59 106.40
1985 4 2.74% 4,690.49 106.90
1985 5 2.51% 4,808.26 107.30
1985 6 2.25% 4,916.31 107.60
1985 7 -1.85% 4,825.59 107.80
1985 8 -1.88% 4,734.63 108.00
1985 9 1.50% 4,805.44 108.30
1985 10 6.42% 5,113.97 108.70
1985 11 5.29% 5,384.73 109.00
1985 12 0.75% 5,425.21 109.30
1986 1 5.70% 5,734.30 109.60
1986 2 6.18% 6,088.84 109.30
1986 3 2.74% 6,255.76 108.80
1986 4 0.49% 6,286.53 108.60
1986 5 3.13% 6,483.50 108.90
1986 6 -1.80% 6,366.54 109.50
1986 7 2.28% 6,511.76 109.50
1986 8 -2.46% 6,351.81 109.70
1986 9 -0.09% 6,346.10 110.20
1986 10 3.53% 6,570.31 110.30
1986 11 1.71% 6,682.59 110.40
1986 12 6.67% 7,128.54 110.50
1987 1 6.46% 7,589.18 111.20
1987 2 4.38% 7,921.32 111.60
1987 3 -0.86% 7,853.48 112.10
1987 4 0.17% 7,867.05 112.70
1987 5 4.50% 8,220.94 113.10
1987 6 3.12% 8,477.61 113.50
1987 7 6.45% 9,024.76 113.80
1987 8 -3.03% 8,751.27 114.40
1987 9 -11.85% 7,713.90 115.00
1987 10 -12.30% 6,764.83 115.30
1987 11 -1.33% 6,674.54 115.40
1987 12 4.25% 6,957.98 115.40
1988 1 3.33% 7,189.58 115.70
1988 2 3.23% 7,421.95 116.00
1988 3 -0.89% 7,356.19 116.50
1988 4 -2.19% 7,195.22 117.10
1988 5 6.00% 7,626.80 117.50
1988 6 -0.31% 7,603.39 118.00
1988 7 -1.72% 7,472.73 118.50
1988 8 1.93% 7,616.74 119.00
1988 9 3.80% 7,906.30 119.80
1988 10 -2.02% 7,746.57 120.20
1988 11 2.33% 7,926.75 120.30
1988 12 3.51% 8,205.19 120.50
1989 1 3.30% 8,475.95 121.10
1989 2 -0.16% 8,462.25 121.60
1989 3 3.56% 8,763.91 122.30
1989 4 4.12% 9,124.57 123.10
1989 5 3.39% 9,434.14 123.80
1989 6 2.80% 9,698.31 124.10
1989 7 4.69% 10,153.23 124.40
1989 8 0.46% 10,199.48 124.60
1989 9 0.29% 10,228.68 125.00
1989 10 -1.81% 10,043.18 125.60
1989 11 2.74% 10,318.03 125.90
1989 12 -2.21% 10,089.88 126.10
1990 1 -2.53% 9,834.89 127.40
1990 2 2.71% 10,101.13 128.00
1990 3 0.20% 10,120.93 128.70
1990 4 3.85% 10,510.68 128.90
1990 5 3.17% 10,843.86 129.20
1990 6 0.17% 10,862.27 129.90
1990 7 -7.86% 10,008.36 130.40
1990 8 -4.34% 9,573.89 131.60
1990 9 -2.32% 9,352.18 132.70
1990 10 2.98% 9,631.23 133.50
1990 11 4.59% 10,072.98 133.80
1990 12 -0.69% 10,003.96 133.80
1991 1 11.61% 11,165.10 134.60
1991 2 3.04% 11,505.04 134.80
1991 3 2.26% 11,764.92 135.00
1991 4 -0.18% 11,743.87 135.20
1991 5 0.35% 11,784.62 135.60
1991 6 0.78% 11,876.60 136.00
1991 7 2.68% 12,194.77 136.20
1991 8 -0.30% 12,157.80 136.60
1991 9 0.18% 12,179.89 137.20
1991 10 0.02% 12,181.81 137.40
1991 11 0.94% 12,295.73 137.80
1991 12 7.36% 13,200.45 137.90
1992 1 -0.60% 13,121.14 138.10
1992 2 -1.01% 12,988.30 138.60
1992 3 0.26% 13,022.63 139.30
1992 4 2.07% 13,291.98 139.50
1992 5 -1.33% 13,115.32 139.70
1992 6 1.91% 13,366.10 140.20
1992 7 0.94% 13,491.97 140.50
1992 8 0.38% 13,543.00 140.90
1992 9 -1.18% 13,382.91 141.30
1992 10 2.76% 13,751.86 141.80
1992 11 3.27% 14,201.71 142.00
1992 12 0.14% 14,222.01 141.90
1993 1 1.72% 14,467.23 142.60
1993 2 2.15% 14,778.30 143.10
1993 3 -1.34% 14,580.01 143.60
1993 4 0.72% 14,685.68 144.00
1993 5 0.87% 14,812.73 144.20
1993 6 0.06% 14,821.77 144.40
1993 7 1.76% 15,083.00 144.40
1993 8 1.35% 15,287.37 144.80
1993 9 1.24% 15,477.22 145.10
1993 10 0.01% 15,478.39 145.70
1993 11 0.89% 15,615.71 145.80
1993 12 1.74% 15,886.78 145.80
1994 1 -0.08% 15,874.76 146.20
1994 2 -1.42% 15,648.73 146.70
1994 3 -3.35% 15,125.06 147.20
1994 4 1.06% 15,285.12 147.40
1994 5 1.11% 15,454.50 147.50
1994 6 -0.52% 15,374.31 148.00
1994 7 3.08% 15,848.16 148.40
1994 8 0.82% 15,977.71 149.00
1994 9 -0.44% 15,906.77 149.40
1994 10 -0.37% 15,847.93 149.50
1994 11 -1.03% 15,685.38 149.70
1994 12 2.45% 16,069.85 149.70
1995 1 3.82% 16,683.57 150.30
1995 2 2.56% 17,110.37 150.90
1995 3 3.22% 17,660.56 151.40
1995 4 3.35% 18,251.80 151.90
1995 5 3.18% 18,831.91 152.20
1995 6 3.55% 19,499.97 152.50
1995 7 0.51% 19,600.03 152.50
1995 8 3.72% 20,328.70 152.90
1995 9 0.91% 20,514.21 153.20
1995 10 2.36% 20,998.01 153.70
1995 11 3.39% 21,709.66 153.60
1995 12 0.16% 21,744.96 153.50
1996 1 5.90% 23,028.87 154.40
1996 2 -0.20% 22,982.65 154.90
1996 3 0.20% 23,027.93 155.70
1996 4 2.35% 23,570.20 156.30
1996 5 1.28% 23,871.57 156.60
1996 6 -3.48% 23,041.66 156.70
1996 7 3.08% 23,750.36 157.00
1996 8 2.02% 24,231.01 157.30
1996 9 4.12% 25,229.20 157.80
1996 10 5.05% 26,503.80 158.30
1996 11 1.20% 26,821.38 158.60
1996 12 3.26% 27,695.09 158.60
1997 1 4.36% 28,902.92 159.10
1997 2 -0.62% 28,722.66 159.60
1997 3 -3.41% 27,744.58 160.00
1997 4 9.22% 30,302.03 160.20
1997 5 5.34% 31,919.20 160.10
1997 6 5.74% 33,750.06 160.30
1997 7 0.35% 33,867.44 160.50
1997 8 1.19% 34,271.14 160.80
1997 9 1.65% 34,835.03 161.20
1997 10 -1.15% 34,433.71 161.60
1997 11 2.63% 35,340.91 161.50
1997 12 0.24% 35,424.70 161.30
1998 1 6.40% 37,692.65 161.60
1998 2 5.31% 39,695.21 161.90
1998 3 3.41% 41,047.10 162.20
1998 4 -0.22% 40,956.03 162.50
1998 5 0.12% 41,003.73 162.80
1998 6 4.47% 42,835.64 163.00
1998 7 -6.97% 39,849.56 163.20
1998 8 -4.90% 37,897.55 163.40
1998 9 1.29% 38,386.75 163.60
1998 10 10.97% 42,599.46 164.00
1998 11 4.10% 44,347.79 164.00
1998 12 5.05% 46,586.33 163.90
1999 1 -0.07% 46,555.25 164.30
1999 2 2.92% 47,916.30 164.50
1999 3 4.25% 49,952.75 165.00
1999 4 -0.10% 49,903.38 166.20
1999 5 -0.61% 49,598.09 166.20
1999 6 4.52% 51,841.11 166.20
1999 7 -3.77% 49,884.42 166.70
1999 8 -0.60% 49,586.11 167.10
1999 9 -1.27% 48,955.14 167.90
1999 10 7.11% 52,433.87 168.20
1999 11 2.81% 53,906.59 168.30
1999 12 -0.12% 53,842.48 168.30
2000 1 -2.48% 52,508.22 168.80
2000 2 3.94% 54,577.55 169.80
2000 3 1.42% 55,355.09 171.20
2000 4 -2.84% 53,783.68 171.30
2000 5 3.16% 55,485.11 171.50
2000 6 0.85% 55,956.93 172.40
2000 7 0.94% 56,482.76 172.80
2000 8 -1.08% 55,872.94 172.80
2000 9 -5.21% 52,959.60 173.70
2000 10 -0.77% 52,550.45 174.00
2000 11 -3.32% 50,805.74 174.10
2000 12 0.46% 51,036.91 174.00
2001 1 -2.14% 49,946.63 175.10
2001 2 -9.08% 45,411.52 175.80
2001 3 0.45% 45,615.28 176.20
2001 4 6.88% 48,753.31 176.90
2001 5 -2.39% 47,588.76 177.70
2001 6 -2.66% 46,322.79 178.00
2001 7 -2.05% 45,375.10 177.50
2001 8 -11.25% 40,271.62 177.50
2001 9 3.18% 41,553.88 178.30
2001 10 5.05% 43,653.66 177.70
2001 11 1.47% 44,293.64 177.40
2001 12 -0.30% 44,161.78 176.70
2002 1 -3.35% 42,681.14 177.10
2002 2 4.95% 44,791.84 177.80
2002 3 -3.51% 43,217.66 178.80
2002 4 -2.82% 41,998.76 179.80
2002 5 -5.92% 39,512.03 179.80
2002 6 -10.76% 35,261.13 179.90
2002 7 1.14% 35,662.68 180.10
2002 8 -4.76% 33,965.95 180.70
2002 9 -1.37% 33,501.62 181.00
2002 10 6.63% 35,721.29 181.30
2002 11 -1.04% 35,351.56 181.30
2002 12 -0.22% 35,272.89 180.90
2003 1 -6.41% 33,010.19 181.70
2003 2 1.31% 33,441.93 183.10
2003 3 5.29% 35,209.63 184.20
2003 4 5.31% 37,080.04 183.80
2003 5 5.70% 39,195.15 183.50
2003 6 0.60% 39,428.72 183.70
2003 7 -0.17% 39,363.14 183.90
2003 8 3.16% 40,607.48 184.60
2003 9 2.03% 41,430.93 185.20
2003 10 1.21% 41,932.48 185.00
2003 11 3.06% 43,217.21 184.50
2003 12 4.93% 45,349.97 184.30
2004 1 1.09% 45,842.77 185.20
2004 2 -1.57% 45,125.24 186.20
2004 3 0.97% 45,562.11 187.40
2004 4 -2.56% 44,393.79 188.00
2004 5 2.86% 45,662.42 189.10
2004 6 -2.24% 44,640.14 189.70
2004 7 -1.39% 44,020.72 189.40
2004 8 2.78% 45,245.65 189.50
2004 9 0.10% 45,292.07 189.90
2004 10 4.77% 47,454.27 190.90
2004 11 2.73% 48,748.56 191.00
2004 12 -1.35% 48,090.83 190.30
2005 1 1.68% 48,899.34 190.70
2005 2 -0.26% 48,774.36 191.80
2005 3 -2.41% 47,599.42 193.30
2005 4 1.34% 48,235.29 194.60
2005 5 2.18% 49,287.16 194.40
2005 6 1.81% 50,178.17 194.50
2005 7 0.31% 50,333.73 195.40
2005 8 0.28% 50,474.51 196.40
2005 9 -2.62% 49,149.94 198.80
2005 10 3.96% 51,097.04 199.20
2005 11 2.14% 52,192.63 197.60
2005 12 1.47% 52,958.17 196.80
2006 1 -0.02% 52,949.36 198.30
2006 2 1.49% 53,736.26 198.70
2006 3 0.80% 54,165.26 199.80
2006 4 -0.79% 53,739.17 201.50
2006 5 -2.71% 52,285.10 202.50
2006 6 0.72% 52,661.58 202.90
2006 7 2.29% 53,868.45 203.50
2006 8 2.53% 55,231.96 203.90
2006 9 3.62% 57,229.10 202.90
2006 10 2.00% 58,374.62 201.80
2006 11 2.15% 59,628.66 201.50
2006 12 0.69% 60,041.78 201.80
2007 1 1.60% 61,000.08 202.42
2007 2 -2.47% 59,491.00 203.50
2007 3 4.18% 61,977.88 205.35
2007 4 3.39% 64,080.02 206.69
2007 5 0.34% 64,301.03 207.95
2007 6 0.57% 64,670.52 208.35
2007 7 -4.20% 61,953.64 208.30
2007 8 3.07% 63,858.55 207.92
2007 9 2.99% 65,768.97 208.49
2007 10 -4.81% 62,607.91 208.94
2007 11 1.24% 63,383.13 210.18
2007 12 -6.64% 59,177.54 210.04
2008 1 -1.56% 58,252.02 211.08
2008 2 -2.63% 56,721.95 211.69
2008 3 4.24% 59,129.12 213.53
2008 4 2.56% 60,644.36 214.82
2008 5 -4.25% 58,069.05 216.63
2008 6 -6.08% 54,539.34 218.82
2008 7 2.11% 55,690.41 219.96
2008 8 -4.85% 52,990.80 219.09
2008 9 -20.19% 42,290.06 218.78
2008 10 -8.61% 38,650.85 216.57
2008 11 -0.35% 38,515.10 212.43
2008 12 -1.10% 38,093.15 210.23
2009 1 -6.70% 35,539.95 211.14
2009 2 -5.69% 33,518.64 212.19
2009 3 12.32% 37,648.72 212.71
2009 4 6.66% 40,156.06 213.24
2009 5 2.87% 41,308.08 213.86
2009 6 1.28% 41,835.85 215.69
2009 7 8.12% 45,233.23 215.35
2009 8 3.65% 46,884.40 215.83
2009 9 2.40% 48,011.09 215.97
2009 10 2.09% 49,016.59 216.18
2009 11 2.23% 50,107.63 216.33
2009 12 1.36% 50,787.58 215.95
2010 1 -2.90% 49,315.51 216.69
2010 2 5.94% 52,246.35 216.74
2010 3 4.09% 54,382.15 217.63
2010 4 -5.88% 51,183.17 218.01
2010 5 -3.54% 49,369.46 218.18
2010 6 -0.16% 49,290.93 217.97
2010 7 0.86% 49,716.61 218.01
2010 8 3.37% 51,392.64 218.31
2010 9 4.58% 53,745.10 218.44
2010 10 2.49% 55,083.85 218.71
2010 11 3.71% 57,129.52 218.80
2010 12 3.46% 59,107.45 219.18
2011 1 3.15% 60,969.85 220.22
2011 2 -1.11% 60,291.58 221.31
2011 3 2.22% 61,630.65 223.47
2011 4 0.66% 62,036.94 224.91
2011 5 -3.66% 59,764.77 225.96
2011 6 3.10% 61,618.52 225.72
2011 7 -10.40% 55,209.79 225.92
2011 8 -0.79% 54,774.05 226.55
2011 9 3.02% 56,427.63 226.89
2011 10 1.77% 57,424.77 226.42
2011 11 1.55% 58,317.59 226.23
2011 12 4.78% 61,106.66 225.67
2012 1 4.16% 63,650.29 226.67
2012 2 2.88% 65,485.86 227.66
2012 3 -0.04% 65,460.84 229.39
2012 4 -3.09% 63,437.47 230.09
2012 5 -1.15% 62,706.41 229.82
2012 6 2.92% 64,538.12 229.48
2012 7 3.39% 66,724.48 229.10
2012 8 3.02% 68,740.34 230.38
2012 9 -0.22% 68,591.08 231.41
2012 10 -2.84% 66,644.81 231.32
2012 11 2.18% 68,094.69 230.22
2012 12 4.27% 71,001.49 229.60
2013 1 2.33% 72,657.97 230.28
2013 2 2.72% 74,636.05 232.17
2013 3 1.45% 75,721.11 232.77
2013 4 4.57% 79,184.79 232.53
2013 5 -1.12% 78,299.69 232.95
2013 6 3.25% 80,847.93 233.50
2013 7 0.25% 81,052.09 233.60
2013 8 1.19% 82,018.61 233.88
2013 9 2.12% 83,755.40 234.15
2013 10 3.86% 86,988.35 233.55
2013 11 1.52% 88,312.02 233.07
2013 12 0.97% 89,166.71 233.05
2014 1 -0.13% 89,050.76 233.92
2014 2 2.72% 91,474.96 234.78
2014 3 0.20% 91,659.49 236.29
2014 4 1.53% 93,063.75 237.07
2014 5 3.20% 96,038.36 237.90
2014 6 1.50% 97,474.92 238.34
2014 7 -0.43% 97,058.75 238.25
2014 8 1.78% 98,784.49 237.85
2014 9 -2.65% 96,170.08 238.03
2014 10 5.71% 101,657.21 237.43
2014 11 0.63% 102,301.60 236.15
2014 12 -1.11% 101,166.00 234.81
2015 1 2.83% 104,026.37 233.71
2015 2 0.06% 104,083.96 234.72
2015 3 0.88% 104,998.25 236.12
2015 4 0.98% 106,026.08 236.60
2015 5 -0.44% 105,564.33 237.81
2015 6 -0.08% 105,480.27 238.64
2015 7 -2.42% 102,923.01 238.65
2015 8 -4.51% 98,284.17 238.32
2015 9 4.32% 102,527.22 237.95
2015 10 2.93% 105,533.80 237.84
2015 11 -1.10% 104,369.79 237.34
2015 12 -6.42% 97,669.65 236.53
2016 1 -0.55% 97,132.55 236.92
2016 2 6.36% 103,312.83 237.11
2016 3 2.83% 106,237.89 238.13
2016 4 -0.30% 105,914.54 239.26
2016 5 1.07% 107,044.10 240.23
2016 6 3.30% 110,573.82 241.02
2016 7 1.20% 111,899.88 240.63
2016 8 -0.44% 111,409.01 240.85
2016 9 -0.51% 110,845.30 241.43
2016 10 1.20% 112,176.73 241.73
2016 11 3.95% 116,603.19 241.35
2016 12 1.44% 118,279.51 241.43
2017 1 2.58% 121,326.92 242.84
2017 2 1.75% 123,449.24 243.60
2017 3 -0.15% 123,259.12 243.80
2017 4 1.69% 125,345.13 244.52
2017 5 1.78% 127,571.79 244.73
2017 6 0.99% 128,832.05 244.96
2017 7 0.25% 129,151.31 244.79
2017 8 1.65% 131,286.52 245.52
2017 9 2.73% 134,876.94 246.82
2017 10 1.59% 137,020.90 246.66
2017 11 2.88% 140,971.88 246.67
2017 12 4.86% 147,825.79 246.52
2018 1 -2.89% 143,558.52 247.87
2018 2 0.06% 143,651.23 248.99
2018 3 -1.66% 141,260.92 249.55
2018 4 1.96% 144,031.92 250.55
2018 5 2.11% 147,075.27 251.59
2018 6 1.58% 149,400.15 251.99
2018 7 2.45% 153,061.66 252.01
2018 8 1.68% 155,632.71 252.15
2018 9 -3.85% 149,642.43 252.44
2018 10 -2.08% 146,535.69 252.89
2018 11 -5.56% 138,384.62 252.04
2018 12 1.74% 140,786.48 251.23
2019 1 5.83% 148,992.78 251.71
2019 2 1.95% 151,895.19 252.78
2019 3 3.72% 157,550.59 254.20
2019 4 -1.53% 155,137.24 255.55
2019 5 1.40% 157,316.53 256.09
2019 6 3.83% 163,337.58 256.14
2019 7 -3.13% 158,217.90 256.57
2019 8 3.09% 163,099.28 256.56
2019 9 0.01% 163,115.27 256.76
2019 10 4.43% 170,347.30 257.35
2019 11 2.47% 174,553.72 257.21
2019 12 3.35% 180,394.98 256.97
2020 1 0.12% 180,615.20 257.97
2020 2 -18.92% 146,446.94 258.68
2020 3 4.32% 152,771.42 258.12
2020 4 5.89% 161,765.63 256.39
2020 5 6.51% 172,293.78 256.39
2020 6 3.48% 178,283.46 257.80
2020 7 5.89% 188,790.61 259.10
2020 8 -0.63% 187,606.89 259.92
2020 9 1.73% 190,844.98 260.28
2020 10 3.95% 198,391.22 260.39
2020 11 4.26% 206,842.84 260.23
2020 12 2.80% 212,624.72 260.47
2021 1 2.49% 217,922.32 261.58
2021 2 0.82% 219,712.25 263.01
2021 3 6.02% 232,942.19 264.88
2021 4 0.76% 234,713.09 267.05
2021 5 1.81% 238,962.39 269.20
2021 6 3.07% 246,294.24 271.70
2021 7 2.19% 251,676.16 273.00
2021 8 -0.08% 251,463.50 273.57
2021 9 0.45% 252,600.56 274.31
2021 10 4.74% 264,585.81 276.59
2021 11 0.27% 265,288.03 277.95
2021 12 -2.05% 259,844.44 278.80
2022 1 -2.90% 252,302.28 281.15
2022 2 -0.89% 250,050.27 283.72
2022 3 0.12% 250,346.08 287.50
2022 4 -4.91% 238,042.49 289.11
Click to show 858 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 1950. This would result in a final amount of $186,936.12, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $238,042.49).

Year Month Contribution ($) Amount ($)
1950 1 4.16 4.24
1950 2 4.16 8.49
1950 3 4.16 13.06
1950 4 4.16 17.87
1950 5 4.16 22.48
1950 6 4.16 24.83
1950 7 4.16 30.89
1950 8 4.16 36.47
1950 9 4.16 42.52
1950 10 4.16 46.83
1950 11 4.16 51.07
1950 12 4.16 59.62
1951 1 4.16 66.51
1951 2 4.16 69.86
1951 3 4.16 75.42
1951 4 4.16 80.06
1951 5 4.16 83.23
1951 6 4.16 89.43
1951 7 4.16 98.21
1951 8 4.16 105.56
1951 9 4.16 109.73
1951 10 4.16 111.30
1951 11 4.16 119.61
1951 12 4.32 128.66
1952 1 - 126.95
1952 2 - 127.90
1952 3 - 128.16
1952 4 - 128.75
1952 5 - 132.92
1952 6 - 137.40
1952 7 - 138.61
1952 8 - 137.07
1952 9 - 134.87
1952 10 - 139.81
1952 11 - 146.12
1952 12 - 147.56
1953 1 - 146.42
1953 2 - 147.82
1953 3 - 141.21
1953 4 - 142.62
1953 5 - 138.19
1953 6 - 140.84
1953 7 - 142.10
1953 8 - 136.27
1953 9 - 141.06
1953 10 - 144.88
1953 11 - 147.54
1953 12 - 152.00
1954 1 - 156.07
1954 2 - 160.10
1954 3 - 167.22
1954 4 - 174.62
1954 5 - 176.76
1954 6 - 184.63
1954 7 - 189.06
1954 8 - 194.24
1954 9 - 199.50
1954 10 - 208.08
1954 11 - 218.39
1954 12 - 223.13
1955 1 - 231.39
1955 2 - 230.38
1955 3 - 239.16
1955 4 - 238.97
1955 5 - 253.65
1955 6 - 273.04
1955 7 - 272.22
1955 8 - 285.34
1955 9 - 271.85
1955 10 - 291.06
1955 11 - 294.67
1955 12 - 287.63
1956 1 - 290.36
1956 2 - 311.28
1956 3 - 315.90
1956 4 - 306.93
1956 5 - 306.13
1956 6 - 323.73
1956 7 - 322.81
1956 8 - 312.83
1956 9 - 309.85
1956 10 - 307.64
1956 11 - 313.21
1956 12 - 307.37
1957 1 - 295.09
1957 2 - 299.88
1957 3 - 307.80
1957 4 - 320.61
1957 5 - 326.87
1957 6 - 334.46
1957 7 - 317.06
1957 8 - 305.20
1957 9 - 287.20
1957 10 - 282.03
1957 11 - 282.93
1957 12 - 289.52
1958 1 - 291.55
1958 2 - 298.60
1958 3 - 301.28
1958 4 - 312.00
1958 5 - 320.53
1958 6 - 330.37
1958 7 - 343.77
1958 8 - 353.89
1958 9 - 369.31
1958 10 - 381.60
1958 11 - 389.85
1958 12 - 406.44
1959 1 - 401.30
1959 2 - 412.56
1959 3 - 420.55
1959 4 - 427.97
1959 5 - 425.38
1959 6 - 443.36
1959 7 - 441.95
1959 8 - 425.58
1959 9 - 426.33
1959 10 - 429.19
1959 11 - 444.05
1959 12 - 437.45
1960 1 - 421.66
1960 2 - 417.12
1960 3 - 423.72
1960 4 - 421.08
1960 5 - 437.87
1960 6 - 428.25
1960 7 - 434.64
1960 8 - 422.81
1960 9 - 415.74
1960 10 - 430.46
1960 11 - 442.04
1960 12 - 466.03
1961 1 - 486.41
1961 2 - 502.94
1961 3 - 517.62
1961 4 - 524.16
1961 5 - 518.49
1961 6 - 518.35
1961 7 - 538.25
1961 8 - 535.33
1961 9 - 542.52
1961 10 - 568.41
1961 11 - 575.02
1961 12 - 554.97
1962 1 - 565.57
1962 2 - 567.50
1962 3 - 550.78
1962 4 - 511.21
1962 5 - 452.87
1962 6 - 465.17
1962 7 - 479.24
1962 8 - 476.39
1962 9 - 462.78
1962 10 - 496.11
1962 11 - 519.05
1962 12 - 540.57
1963 1 - 549.20
1963 2 - 548.60
1963 3 - 575.91
1963 4 - 588.98
1963 5 - 590.26
1963 6 - 583.05
1963 7 - 600.72
1963 8 - 618.10
1963 9 - 621.19
1963 10 - 619.29
1963 11 - 634.11
1963 12 - 655.23
1964 1 - 664.92
1964 2 - 678.69
1964 3 - 690.18
1964 4 - 698.61
1964 5 - 696.16
1964 6 - 723.73
1964 7 - 714.86
1964 8 - 728.91
1964 9 - 743.27
1964 10 - 750.24
1964 11 - 739.06
1964 12 - 759.90
1965 1 - 767.31
1965 2 - 769.89
1965 3 - 781.88
1965 4 - 795.43
1965 5 - 759.57
1965 6 - 760.36
1965 7 - 776.46
1965 8 - 804.39
1965 9 - 824.47
1965 10 - 833.34
1965 11 - 831.58
1965 12 - 848.05
1966 1 - 844.40
1966 2 - 811.78
1966 3 - 838.74
1966 4 - 796.74
1966 5 - 792.28
1966 6 - 792.43
1966 7 - 746.71
1966 8 - 722.63
1966 9 - 718.55
1966 10 - 756.75
1966 11 - 762.17
1966 12 - 793.65
1967 1 - 823.25
1967 2 - 844.93
1967 3 - 861.77
1967 4 - 879.50
1967 5 - 870.78
1967 6 - 888.13
1967 7 - 904.57
1967 8 - 919.53
1967 9 - 920.43
1967 10 - 893.90
1967 11 - 921.72
1967 12 - 921.56
1968 1 - 882.33
1968 2 - 868.57
1968 3 - 935.12
1968 4 - 959.04
1968 5 - 987.24
1968 6 - 987.72
1968 7 - 968.62
1968 8 - 1,002.60
1968 9 - 1,029.84
1968 10 - 1,048.23
1968 11 - 1,061.70
1968 12 - 1,019.39
1969 1 - 1,016.96
1969 2 - 997.50
1969 3 - 1,020.18
1969 4 - 1,056.03
1969 5 - 1,003.53
1969 6 - 961.33
1969 7 - 958.60
1969 8 - 964.62
1969 9 - 977.61
1969 10 - 987.36
1969 11 - 937.72
1969 12 - 932.20
1970 1 - 902.41
1970 2 - 920.57
1970 3 - 895.27
1970 4 - 795.01
1970 5 - 792.86
1970 6 - 797.01
1970 7 - 822.96
1970 8 - 874.98
1970 9 - 896.76
1970 10 - 898.61
1970 11 - 962.94
1970 12 - 1,002.52
1971 1 - 1,044.14
1971 2 - 1,073.71
1971 3 - 1,113.15
1971 4 - 1,100.82
1971 5 - 1,083.25
1971 6 - 1,078.24
1971 7 - 1,061.88
1971 8 - 1,088.28
1971 9 - 1,068.00
1971 10 - 1,021.31
1971 11 - 1,094.48
1971 12 - 1,142.88
1972 1 - 1,166.73
1972 2 - 1,197.30
1972 3 - 1,212.37
1972 4 - 1,202.96
1972 5 - 1,209.17
1972 6 - 1,203.08
1972 7 - 1,248.60
1972 8 - 1,233.48
1972 9 - 1,238.63
1972 10 - 1,303.71
1972 11 - 1,333.85
1972 12 - 1,347.05
1973 1 - 1,302.26
1973 2 - 1,284.74
1973 3 - 1,263.75
1973 4 - 1,231.28
1973 5 - 1,206.78
1973 6 - 1,221.38
1973 7 - 1,201.41
1973 8 - 1,225.38
1973 9 - 1,277.28
1973 10 - 1,189.75
1973 11 - 1,108.78
1973 12 - 1,127.64
1974 1 - 1,099.75
1974 2 - 1,150.06
1974 3 - 1,094.67
1974 4 - 1,065.05
1974 5 - 1,069.92
1974 6 - 948.52
1974 7 - 912.81
1974 8 - 821.40
1974 9 - 840.93
1974 10 - 872.41
1974 11 - 819.26
1974 12 - 889.98
1975 1 - 986.17
1975 2 - 1,035.22
1975 3 - 1,050.61
1975 4 - 1,121.14
1975 5 - 1,153.59
1975 6 - 1,158.57
1975 7 - 1,077.52
1975 8 - 1,068.33
1975 9 - 1,121.44
1975 10 - 1,144.33
1975 11 - 1,130.83
1975 12 - 1,238.78
1976 1 - 1,290.53
1976 2 - 1,300.89
1976 3 - 1,315.14
1976 4 - 1,310.10
1976 5 - 1,321.90
1976 6 - 1,357.13
1976 7 - 1,349.52
1976 8 - 1,382.42
1976 9 - 1,339.45
1976 10 - 1,334.54
1976 11 - 1,385.08
1976 12 - 1,377.63
1977 1 - 1,345.00
1977 2 - 1,344.27
1977 3 - 1,328.23
1977 4 - 1,329.09
1977 5 - 1,341.04
1977 6 - 1,358.24
1977 7 - 1,330.01
1977 8 - 1,314.38
1977 9 - 1,285.49
1977 10 - 1,298.10
1977 11 - 1,297.06
1977 12 - 1,253.09
1978 1 - 1,240.91
1978 2 - 1,244.20
1978 3 - 1,304.30
1978 4 - 1,376.09
1978 5 - 1,385.36
1978 6 - 1,384.50
1978 7 - 1,485.95
1978 8 - 1,491.89
1978 9 - 1,450.52
1978 10 - 1,371.64
1978 11 - 1,398.02
1978 12 - 1,456.53
1979 1 - 1,441.13
1979 2 - 1,474.87
1979 3 - 1,510.72
1979 4 - 1,482.13
1979 5 - 1,517.96
1979 6 - 1,539.53
1979 7 - 1,616.72
1979 8 - 1,641.63
1979 9 - 1,586.59
1979 10 - 1,581.48
1979 11 - 1,651.12
1979 12 - 1,705.82
1980 1 - 1,780.80
1980 2 - 1,624.49
1980 3 - 1,605.61
1980 4 - 1,686.47
1980 5 - 1,802.21
1980 6 - 1,891.77
1980 7 - 1,958.07
1980 8 - 2,013.60
1980 9 - 2,080.54
1980 10 - 2,176.55
1980 11 - 2,149.46
1980 12 - 2,149.67
1981 1 - 2,083.68
1981 2 - 2,170.01
1981 3 - 2,198.08
1981 4 - 2,162.54
1981 5 - 2,181.08
1981 6 - 2,137.10
1981 7 - 2,154.26
1981 8 - 1,975.40
1981 9 - 2,009.52
1981 10 - 2,070.68
1981 11 - 2,095.10
1981 12 - 1,994.45
1982 1 - 1,956.28
1982 2 - 1,902.59
1982 3 - 2,006.65
1982 4 - 2,018.08
1982 5 - 1,911.71
1982 6 - 1,916.37
1982 7 - 1,931.59
1982 8 - 2,165.24
1982 9 - 2,357.54
1982 10 - 2,463.63
1982 11 - 2,497.03
1982 12 - 2,595.05
1983 1 - 2,650.33
1983 2 - 2,752.78
1983 3 - 2,868.32
1983 4 - 2,995.22
1983 5 - 3,047.74
1983 6 - 3,069.32
1983 7 - 2,995.44
1983 8 - 3,094.70
1983 9 - 3,114.75
1983 10 - 3,079.20
1983 11 - 3,075.26
1983 12 - 3,123.72
1984 1 - 2,964.03
1984 2 - 2,977.14
1984 3 - 2,992.24
1984 4 - 2,984.68
1984 5 - 2,929.52
1984 6 - 2,902.90
1984 7 - 3,170.16
1984 8 - 3,214.77
1984 9 - 3,201.51
1984 10 - 3,242.68
1984 11 - 3,219.73
1984 12 - 3,370.98
1985 1 - 3,566.07
1985 2 - 3,549.02
1985 3 - 3,585.38
1985 4 - 3,683.47
1985 5 - 3,775.96
1985 6 - 3,860.81
1985 7 - 3,789.57
1985 8 - 3,718.13
1985 9 - 3,773.74
1985 10 - 4,016.03
1985 11 - 4,228.66
1985 12 - 4,260.45
1986 1 - 4,503.18
1986 2 - 4,781.60
1986 3 - 4,912.68
1986 4 - 4,936.85
1986 5 - 5,091.53
1986 6 - 4,999.68
1986 7 - 5,113.72
1986 8 - 4,988.11
1986 9 - 4,983.63
1986 10 - 5,159.70
1986 11 - 5,247.88
1986 12 - 5,598.09
1987 1 - 5,959.83
1987 2 - 6,220.65
1987 3 - 6,167.38
1987 4 - 6,178.04
1987 5 - 6,455.95
1987 6 - 6,657.52
1987 7 - 7,087.19
1987 8 - 6,872.42
1987 9 - 6,057.77
1987 10 - 5,312.46
1987 11 - 5,241.55
1987 12 - 5,464.14
1988 1 - 5,646.02
1988 2 - 5,828.50
1988 3 - 5,776.86
1988 4 - 5,650.44
1988 5 - 5,989.37
1988 6 - 5,970.99
1988 7 - 5,868.38
1988 8 - 5,981.47
1988 9 - 6,208.86
1988 10 - 6,083.43
1988 11 - 6,224.92
1988 12 - 6,443.59
1989 1 - 6,656.21
1989 2 - 6,645.45
1989 3 - 6,882.35
1989 4 - 7,165.58
1989 5 - 7,408.68
1989 6 - 7,616.14
1989 7 - 7,973.39
1989 8 - 8,009.71
1989 9 - 8,032.64
1989 10 - 7,886.97
1989 11 - 8,102.81
1989 12 - 7,923.64
1990 1 - 7,723.39
1990 2 - 7,932.48
1990 3 - 7,948.02
1990 4 - 8,254.10
1990 5 - 8,515.75
1990 6 - 8,530.20
1990 7 - 7,859.62
1990 8 - 7,518.43
1990 9 - 7,344.32
1990 10 - 7,563.46
1990 11 - 7,910.37
1990 12 - 7,856.17
1991 1 - 8,768.02
1991 2 - 9,034.97
1991 3 - 9,239.05
1991 4 - 9,222.53
1991 5 - 9,254.53
1991 6 - 9,326.76
1991 7 - 9,576.62
1991 8 - 9,547.59
1991 9 - 9,564.94
1991 10 - 9,566.45
1991 11 - 9,655.91
1991 12 - 10,366.39
1992 1 - 10,304.10
1992 2 - 10,199.79
1992 3 - 10,226.75
1992 4 - 10,438.27
1992 5 - 10,299.53
1992 6 - 10,496.47
1992 7 - 10,595.32
1992 8 - 10,635.39
1992 9 - 10,509.68
1992 10 - 10,799.42
1992 11 - 11,152.69
1992 12 - 11,168.62
1993 1 - 11,361.20
1993 2 - 11,605.48
1993 3 - 11,449.77
1993 4 - 11,532.74
1993 5 - 11,632.52
1993 6 - 11,639.62
1993 7 - 11,844.76
1993 8 - 12,005.26
1993 9 - 12,154.35
1993 10 - 12,155.27
1993 11 - 12,263.11
1993 12 - 12,475.98
1994 1 - 12,466.54
1994 2 - 12,289.04
1994 3 - 11,877.80
1994 4 - 12,003.49
1994 5 - 12,136.50
1994 6 - 12,073.53
1994 7 - 12,445.65
1994 8 - 12,547.39
1994 9 - 12,491.67
1994 10 - 12,445.47
1994 11 - 12,317.82
1994 12 - 12,619.75
1995 1 - 13,101.71
1995 2 - 13,436.87
1995 3 - 13,868.94
1995 4 - 14,333.24
1995 5 - 14,788.81
1995 6 - 15,313.44
1995 7 - 15,392.02
1995 8 - 15,964.24
1995 9 - 16,109.92
1995 10 - 16,489.86
1995 11 - 17,048.72
1995 12 - 17,076.44
1996 1 - 18,084.70
1996 2 - 18,048.41
1996 3 - 18,083.97
1996 4 - 18,509.81
1996 5 - 18,746.48
1996 6 - 18,094.75
1996 7 - 18,651.30
1996 8 - 19,028.75
1996 9 - 19,812.64
1996 10 - 20,813.59
1996 11 - 21,062.98
1996 12 - 21,749.12
1997 1 - 22,697.63
1997 2 - 22,556.07
1997 3 - 21,787.98
1997 4 - 23,796.36
1997 5 - 25,066.33
1997 6 - 26,504.11
1997 7 - 26,596.29
1997 8 - 26,913.32
1997 9 - 27,356.15
1997 10 - 27,040.99
1997 11 - 27,753.42
1997 12 - 27,819.22
1998 1 - 29,600.25
1998 2 - 31,172.87
1998 3 - 32,234.52
1998 4 - 32,163.00
1998 5 - 32,200.46
1998 6 - 33,639.07
1998 7 - 31,294.09
1998 8 - 29,761.16
1998 9 - 30,145.34
1998 10 - 33,453.60
1998 11 - 34,826.57
1998 12 - 36,584.51
1999 1 - 36,560.10
1999 2 - 37,628.94
1999 3 - 39,228.18
1999 4 - 39,189.41
1999 5 - 38,949.66
1999 6 - 40,711.12
1999 7 - 39,174.52
1999 8 - 38,940.25
1999 9 - 38,444.75
1999 10 - 41,176.61
1999 11 - 42,333.15
1999 12 - 42,282.80
2000 1 - 41,235.00
2000 2 - 42,860.06
2000 3 - 43,470.67
2000 4 - 42,236.63
2000 5 - 43,572.77
2000 6 - 43,943.29
2000 7 - 44,356.23
2000 8 - 43,877.34
2000 9 - 41,589.47
2000 10 - 41,268.17
2000 11 - 39,898.03
2000 12 - 40,079.57
2001 1 - 39,223.37
2001 2 - 35,661.93
2001 3 - 35,821.94
2001 4 - 38,286.25
2001 5 - 37,371.72
2001 6 - 36,377.55
2001 7 - 35,633.33
2001 8 - 31,625.53
2001 9 - 32,632.50
2001 10 - 34,281.46
2001 11 - 34,784.05
2001 12 - 34,680.50
2002 1 - 33,517.74
2002 2 - 35,175.29
2002 3 - 33,939.07
2002 4 - 32,981.87
2002 5 - 31,029.02
2002 6 - 27,690.77
2002 7 - 28,006.11
2002 8 - 26,673.65
2002 9 - 26,309.01
2002 10 - 28,052.13
2002 11 - 27,761.78
2002 12 - 27,700.00
2003 1 - 25,923.09
2003 2 - 26,262.14
2003 3 - 27,650.32
2003 4 - 29,119.16
2003 5 - 30,780.17
2003 6 - 30,963.59
2003 7 - 30,912.09
2003 8 - 31,889.28
2003 9 - 32,535.94
2003 10 - 32,929.82
2003 11 - 33,938.72
2003 12 - 35,613.59
2004 1 - 36,000.59
2004 2 - 35,437.11
2004 3 - 35,780.19
2004 4 - 34,862.69
2004 5 - 35,858.95
2004 6 - 35,056.15
2004 7 - 34,569.72
2004 8 - 35,531.67
2004 9 - 35,568.12
2004 10 - 37,266.11
2004 11 - 38,282.52
2004 12 - 37,766.01
2005 1 - 38,400.93
2005 2 - 38,302.78
2005 3 - 37,380.10
2005 4 - 37,879.45
2005 5 - 38,705.48
2005 6 - 39,405.20
2005 7 - 39,527.36
2005 8 - 39,637.92
2005 9 - 38,597.73
2005 10 - 40,126.80
2005 11 - 40,987.17
2005 12 - 41,588.35
2006 1 - 41,581.43
2006 2 - 42,199.39
2006 3 - 42,536.28
2006 4 - 42,201.68
2006 5 - 41,059.79
2006 6 - 41,355.43
2006 7 - 42,303.20
2006 8 - 43,373.97
2006 9 - 44,942.33
2006 10 - 45,841.92
2006 11 - 46,826.72
2006 12 - 47,151.15
2007 1 - 47,903.71
2007 2 - 46,718.62
2007 3 - 48,671.58
2007 4 - 50,322.40
2007 5 - 50,495.96
2007 6 - 50,786.12
2007 7 - 48,652.54
2007 8 - 50,148.49
2007 9 - 51,648.74
2007 10 - 49,166.35
2007 11 - 49,775.13
2007 12 - 46,472.46
2008 1 - 45,745.64
2008 2 - 44,544.07
2008 3 - 46,434.43
2008 4 - 47,624.36
2008 5 - 45,601.96
2008 6 - 42,830.05
2008 7 - 43,734.00
2008 8 - 41,613.98
2008 9 - 33,210.62
2008 10 - 30,352.73
2008 11 - 30,246.13
2008 12 - 29,914.77
2009 1 - 27,909.73
2009 2 - 26,322.38
2009 3 - 29,565.76
2009 4 - 31,534.78
2009 5 - 32,439.47
2009 6 - 32,853.93
2009 7 - 35,521.92
2009 8 - 36,818.59
2009 9 - 37,703.38
2009 10 - 38,493.01
2009 11 - 39,349.81
2009 12 - 39,883.77
2010 1 - 38,727.75
2010 2 - 41,029.36
2010 3 - 42,706.61
2010 4 - 40,194.44
2010 5 - 38,770.12
2010 6 - 38,708.45
2010 7 - 39,042.74
2010 8 - 40,358.93
2010 9 - 42,206.33
2010 10 - 43,257.66
2010 11 - 44,864.13
2010 12 - 46,417.42
2011 1 - 47,879.97
2011 2 - 47,347.32
2011 3 - 48,398.90
2011 4 - 48,717.96
2011 5 - 46,933.61
2011 6 - 48,389.37
2011 7 - 43,356.56
2011 8 - 43,014.37
2011 9 - 44,312.94
2011 10 - 45,096.00
2011 11 - 45,797.13
2011 12 - 47,987.41
2012 1 - 49,984.93
2012 2 - 51,426.42
2012 3 - 51,406.77
2012 4 - 49,817.81
2012 5 - 49,243.70
2012 6 - 50,682.15
2012 7 - 52,399.11
2012 8 - 53,982.18
2012 9 - 53,864.96
2012 10 - 52,336.55
2012 11 - 53,475.15
2012 12 - 55,757.88
2013 1 - 57,058.72
2013 2 - 58,612.12
2013 3 - 59,464.21
2013 4 - 62,184.27
2013 5 - 61,489.19
2013 6 - 63,490.34
2013 7 - 63,650.67
2013 8 - 64,409.68
2013 9 - 65,773.59
2013 10 - 68,312.45
2013 11 - 69,351.93
2013 12 - 70,023.13
2014 1 - 69,932.07
2014 2 - 71,835.81
2014 3 - 71,980.72
2014 4 - 73,083.49
2014 5 - 75,419.47
2014 6 - 76,547.61
2014 7 - 76,220.79
2014 8 - 77,576.02
2014 9 - 75,522.91
2014 10 - 79,831.98
2014 11 - 80,338.03
2014 12 - 79,446.24
2015 1 - 81,692.50
2015 2 - 81,737.73
2015 3 - 82,455.72
2015 4 - 83,262.88
2015 5 - 82,900.27
2015 6 - 82,834.26
2015 7 - 80,826.03
2015 8 - 77,183.12
2015 9 - 80,515.21
2015 10 - 82,876.29
2015 11 - 81,962.19
2015 12 - 76,700.53
2016 1 - 76,278.75
2016 2 - 81,132.15
2016 3 - 83,429.22
2016 4 - 83,175.29
2016 5 - 84,062.34
2016 6 - 86,834.25
2016 7 - 87,875.61
2016 8 - 87,490.13
2016 9 - 87,047.45
2016 10 - 88,093.03
2016 11 - 91,569.14
2016 12 - 92,885.57
2017 1 - 95,278.72
2017 2 - 96,945.39
2017 3 - 96,796.09
2017 4 - 98,434.24
2017 5 - 100,182.85
2017 6 - 101,172.54
2017 7 - 101,423.26
2017 8 - 103,100.05
2017 9 - 105,919.63
2017 10 - 107,603.29
2017 11 - 110,706.02
2017 12 - 116,088.43
2018 1 - 112,737.33
2018 2 - 112,810.13
2018 3 - 110,933.00
2018 4 - 113,109.09
2018 5 - 115,499.05
2018 6 - 117,324.79
2018 7 - 120,200.19
2018 8 - 122,219.25
2018 9 - 117,515.05
2018 10 - 115,075.31
2018 11 - 108,674.23
2018 12 - 110,560.42
2019 1 - 117,004.88
2019 2 - 119,284.16
2019 3 - 123,725.37
2019 4 - 121,830.16
2019 5 - 123,541.57
2019 6 - 128,269.93
2019 7 - 124,249.42
2019 8 - 128,082.79
2019 9 - 128,095.35
2019 10 - 133,774.70
2019 11 - 137,078.03
2019 12 - 141,665.20
2020 1 - 141,838.15
2020 2 - 115,005.62
2020 3 - 119,972.27
2020 4 - 127,035.47
2020 5 - 135,303.29
2020 6 - 140,007.02
2020 7 - 148,258.34
2020 8 - 147,328.75
2020 9 - 149,871.65
2020 10 - 155,797.75
2020 11 - 162,434.86
2020 12 - 166,975.40
2021 1 - 171,135.64
2021 2 - 172,541.28
2021 3 - 182,930.82
2021 4 - 184,321.52
2021 5 - 187,658.52
2021 6 - 193,416.26
2021 7 - 197,642.72
2021 8 - 197,475.72
2021 9 - 198,368.65
2021 10 - 207,780.74
2021 11 - 208,332.20
2021 12 - 204,057.32
2022 1 - 198,134.41
2022 2 - 196,365.90
2022 3 - 196,598.20
2022 4 - 186,936.12
Click to show 858 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 1950 to 2022
Start Value
Average monthly close 		$16.88
End Value
Average monthly close 		$4,175.48
Change in price +24,636.26%
+7.95% / yr
Change incl. dividends +237,942.49%
+11.35% / yr
Change incl. dividends, inflation-adjusted +19,526.76%
+7.57% / yr
Final amount, nominal
($100 base) 		$238,042.49
Final amount, inflation-adjusted
($100 base) 		$19,626.76