S&P 500: $9600 in 1956 → $9,312,080.51 in 2024

$

Stock market returns between 1956 and 2024

If you invested $9600 in the S&P 500 at the beginning of 1956, you would have about $9,312,080.51 at the end of 2024, assuming you reinvested all dividends. This is a return on investment of 96,900.84%, or 10.48% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 8,315.61% cumulatively, or 6.64% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $8,706,085.53.

The graph below shows the performance of $9600 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 $9600 is $9,302,480.51, or 96,900.84%. This means by 2024 you would have $9,312,080.51 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 1956 was 27.200 and the CPI in 2024 was 313.515.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 68 years.

Adjusted for inflation, the $9,312,080.51 nominal end value of the original $9600 investment would have a real return of roughly $798,298.26 in 1956 dollars. This means the inflation-adjusted return is 8,315.61% as opposed to the original 96,900.84%.

For more information on inflation, see our U.S. inflation calculator for 1956.

Full monthly data

The table below shows the full dataset pertaining to a $9600 investment, including gains and losses over the 828-month period between 1956 and 2024.

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

YearMonthReturn (%)Amount ($)CPI
195610.95%9,691.1426.80
195627.21%10,389.5026.80
195631.48%10,543.5526.80
19564-2.84%10,244.2726.90
19565-0.26%10,217.4327.00
195665.75%10,804.8227.20
19567-0.28%10,774.0527.40
19568-3.09%10,441.2627.30
19569-0.95%10,341.6927.40
195610-0.71%10,268.0127.50
1956111.81%10,453.7527.50
195612-1.86%10,259.0427.60
19571-4.00%9,849.1127.60
195721.62%10,008.7227.70
195732.64%10,273.3527.80
195744.16%10,700.7527.90
195751.95%10,909.8628.00
195762.32%11,163.2028.10
19577-5.21%10,582.1428.30
19578-3.74%10,186.4328.30
19579-5.90%9,585.7728.30
195710-1.80%9,413.1928.30
1957110.32%9,443.1228.40
1957122.33%9,663.0328.40
195810.70%9,730.8528.60
195822.42%9,966.2328.60
195830.90%10,055.5828.80
195843.56%10,413.3428.90
195852.74%10,698.1628.90
195863.07%11,026.6828.90
195874.05%11,473.7329.00
195882.94%11,811.4928.90
195894.36%12,326.3528.90
1958103.33%12,736.3628.90
1958112.16%13,011.7729.00
1958124.25%13,565.3828.90
19591-1.27%13,393.7829.00
195922.81%13,769.6328.90
195931.94%14,036.2728.90
195941.77%14,284.0729.00
19595-0.61%14,197.4729.00
195964.23%14,797.6829.10
19597-0.32%14,750.5529.20
19598-3.70%14,204.3029.20
195990.18%14,229.4029.30
1959100.67%14,324.6129.40
1959113.46%14,820.6929.40
195912-1.49%14,600.4929.40
19601-3.61%14,073.5229.30
19602-1.08%13,921.7929.40
196031.58%14,142.3529.40
19604-0.62%14,054.0229.50
196053.99%14,614.5129.50
19606-2.20%14,293.5629.60
196071.49%14,506.6629.60
19608-2.72%14,111.9729.60
19609-1.67%13,875.7429.60
1960103.54%14,367.0629.80
1960112.69%14,753.6229.80
1960125.43%15,554.2929.80
196114.37%16,234.6529.80
196123.40%16,786.1529.80
196132.92%17,276.1429.80
196141.26%17,494.4029.80
19615-1.08%17,305.4329.80
19616-0.03%17,300.5929.80
196173.84%17,964.7630.00
19618-0.54%17,867.4429.90
196191.34%18,107.4130.00
1961104.77%18,971.5030.00
1961111.16%19,192.1430.00
196112-3.49%18,522.8930.00
196211.91%18,876.5830.00
196220.34%18,940.9530.10
19623-2.94%18,383.1530.10
19624-7.19%17,062.3130.20
19625-11.41%15,115.0330.20
196262.72%15,525.7630.20
196273.02%15,995.1130.30
19628-0.59%15,900.2030.30
19629-2.86%15,446.0430.40
1962107.20%16,558.2930.40
1962114.62%17,323.9130.40
1962124.15%18,042.2830.40
196311.60%18,330.1530.40
19632-0.11%18,310.3030.40
196334.98%19,221.8230.50
196342.27%19,658.0730.50
196350.22%19,700.6630.50
19636-1.22%19,459.9430.60
196373.03%20,049.7930.70
196382.89%20,629.9630.70
196390.50%20,733.0830.70
196310-0.31%20,669.5230.80
1963112.39%21,164.2230.80
1963123.33%21,869.0330.90
196411.48%22,192.6730.90
196422.07%22,652.2930.90
196431.69%23,035.8130.90
196441.22%23,316.9330.90
19645-0.35%23,235.1730.90
196463.96%24,155.5231.00
19647-1.23%23,859.4631.10
196481.97%24,328.4031.00
196491.97%24,807.7231.10
1964100.94%25,040.1531.10
196411-1.49%24,666.9731.20
1964122.82%25,362.7731.20
196510.98%25,610.0831.20
196520.34%25,696.0231.20
196531.56%26,096.2731.30
196541.73%26,548.4131.40
19655-4.51%25,351.7831.40
196560.10%25,377.8731.60
196572.12%25,915.5231.60
196583.60%26,847.4731.60
196592.50%27,517.8131.60
1965101.08%27,813.8931.70
196511-0.21%27,755.0331.70
1965121.98%28,304.7131.80
19661-0.43%28,182.8831.80
19662-3.86%27,094.3632.00
196633.32%27,994.1532.10
19664-5.01%26,592.3232.30
19665-0.56%26,443.5332.30
196660.02%26,448.4032.40
19667-5.77%24,922.4732.50
19668-3.22%24,118.7632.70
19669-0.56%23,982.6332.70
1966105.32%25,257.5632.90
1966110.72%25,438.3532.90
1966124.13%26,489.0332.90
196713.73%27,477.0832.90
196722.63%28,200.7532.90
196731.99%28,762.6433.00
196742.06%29,354.4933.10
19675-0.99%29,063.3433.20
196761.99%29,642.4033.30
196771.85%30,191.2833.40
196781.65%30,690.6233.50
196790.10%30,720.5133.60
196710-2.88%29,835.2333.70
1967113.11%30,763.6233.80
196712-0.02%30,758.2433.90
19681-4.26%29,448.8734.10
19682-1.56%28,989.6934.20
196837.66%31,210.8134.30
196842.56%32,009.0834.40
196852.94%32,950.3734.50
196860.05%32,966.4934.70
19687-1.93%32,328.9534.90
196883.51%33,462.9435.00
196892.72%34,372.1935.10
1968101.79%34,985.9935.30
1968111.29%35,435.6735.40
196812-3.99%34,023.5135.50
19691-0.24%33,942.3535.60
19692-1.91%33,292.7635.80
196932.27%34,049.9236.10
196943.51%35,246.2636.30
19695-4.97%33,494.0636.40
19696-4.21%32,085.5236.60
19697-0.28%31,994.5236.80
196980.63%32,195.6237.00
196991.35%32,629.1037.10
1969101.00%32,954.5737.30
196911-5.03%31,297.7837.50
196912-0.59%31,113.4337.70
19701-3.20%30,119.0137.80
197022.01%30,725.09-
19703-2.75%29,880.86-
19704-11.20%26,534.49-
19705-0.27%26,462.88-
197060.52%26,601.16-
197073.26%27,467.24-
197086.32%29,203.53-
197092.49%29,930.55-
1970100.21%29,992.43-
1970117.16%32,139.40-
1970124.11%33,460.54-
197114.15%34,849.51-
197122.83%35,836.40-
197133.67%37,152.98-
19714-1.11%36,741.37-
19715-1.60%36,155.03-
19716-0.46%35,987.64-
19717-1.52%35,441.67-
197182.49%36,322.89-
19719-1.86%35,645.95-
197110-4.37%34,087.68-
1971117.16%36,529.58-
1971124.42%38,145.12-
197212.09%38,941.19-
197222.62%39,961.30-
197231.26%40,464.37-
19724-0.78%40,150.42-
197250.52%40,357.63-
19726-0.50%40,154.28-
197273.78%41,673.60-
19728-1.21%41,169.15-
197290.42%41,341.01-
1972105.25%43,513.15-
1972112.31%44,518.96-
1972120.99%44,959.42-
19731-3.33%43,464.46-
19732-1.35%42,879.71-
19733-1.63%42,179.35-
19734-2.57%41,095.45-
19735-1.99%40,277.73-
197361.21%40,765.19-
19737-1.64%40,098.51-
197382.00%40,898.59-
197394.24%42,630.78-
197310-6.85%39,709.35-
197311-6.81%37,007.01-
1973121.70%37,636.29-
19741-2.47%36,705.60-
197424.57%38,384.75-
19743-4.82%36,535.89-
19744-2.71%35,547.35-
197450.46%35,709.88-
19746-11.35%31,657.94-
19747-3.76%30,466.09-
19748-10.01%27,415.34-
197492.38%28,066.99-
1974103.74%29,117.66-
197411-6.09%27,343.86-
1974128.63%29,704.39-
1975110.81%32,914.70-
197524.97%34,551.76-
197531.49%35,065.56-
197546.71%37,419.38-
197552.89%38,502.53-
197560.43%38,668.86-
19757-7.00%35,963.49-
19758-0.85%35,656.84-
197594.97%37,429.43-
1975102.04%38,193.63-
197511-1.18%37,743.08-
1975129.55%41,345.77-
197614.18%43,073.25-
197620.80%43,418.87-
197631.10%43,894.50-
19764-0.38%43,726.27-
197650.90%44,120.06-
197662.67%45,296.02-
19767-0.56%45,042.08-
197682.44%46,140.15-
19769-3.11%44,706.02-
197610-0.37%44,542.10-
1976113.79%46,228.69-
197612-0.54%45,980.33-
19771-2.37%44,891.24-
19772-0.05%44,866.92-
19773-1.19%44,331.35-
197740.06%44,359.95-
197750.90%44,759.08-
197761.28%45,333.09-
19777-2.08%44,390.79-
19778-1.18%43,869.05-
19779-2.20%42,904.87-
1977100.98%43,325.83-
197711-0.08%43,291.10-
197712-3.39%41,823.38-
19781-0.97%41,416.86-
197820.27%41,526.89-
197834.83%43,532.64-
197845.50%45,928.81-
197850.67%46,238.17-
19786-0.06%46,209.37-
197877.33%49,595.66-
197880.40%49,793.89-
19789-2.77%48,412.85-
197810-5.44%45,780.33-
1978111.92%46,660.61-
1978124.19%48,613.50-
19791-1.06%48,099.68-
197922.34%49,225.77-
197932.43%50,422.40-
19794-1.89%49,467.89-
197952.42%50,663.84-
197961.42%51,383.70-
197975.01%53,960.25-
197981.54%54,791.48-
19799-3.35%52,954.59-
197910-0.32%52,783.84-
1979114.40%55,108.44-
1979123.31%56,933.89-
198014.40%59,436.62-
19802-8.78%54,219.37-
19803-1.16%53,589.32-
198045.04%56,288.15-
198056.86%60,151.03-
198064.97%63,140.21-
198073.50%65,353.07-
198082.84%67,206.36-
198093.32%69,440.82-
1980104.61%72,645.30-
198011-1.24%71,741.02-
1980120.01%71,748.19-
19811-3.07%69,545.39-
198124.14%72,426.87-
198131.29%73,363.92-
19814-1.62%72,177.43-
198150.86%72,796.42-
19816-2.02%71,328.66-
198170.80%71,901.12-
19818-8.30%65,931.39-
198191.73%67,070.19-
1981103.04%69,111.63-
1981111.18%69,926.71-
198112-4.80%66,567.35-
19821-1.91%65,293.32-
19822-2.74%63,501.32-
198235.47%66,974.40-
198240.57%67,355.92-
19825-5.27%63,805.85-
198260.24%63,961.43-
198270.79%64,469.27-
1982812.10%72,267.72-
198298.88%78,686.10-
1982104.50%82,226.91-
1982111.36%83,341.50-
1982123.93%86,613.28-
198312.13%88,458.15-
198323.87%91,877.61-
198334.20%95,734.07-
198344.42%99,969.35-
198351.75%101,722.32-
198360.71%102,442.65-
19837-2.41%99,976.66-
198383.31%103,289.72-
198390.65%103,958.97-
198310-1.14%102,772.35-
198311-0.13%102,640.67-
1983121.58%104,258.22-
19841-5.11%98,928.35-
198420.44%99,365.97-
198430.51%99,869.96-
19844-0.25%99,617.71-
19845-1.85%97,776.48-
19846-0.91%96,888.23-
198479.21%105,808.30-
198481.41%107,296.99-
19849-0.41%106,854.49-
1984101.29%108,228.54-
198411-0.71%107,462.76-
1984124.70%112,510.90-
198515.79%119,022.31-
19852-0.48%118,453.00-
198531.02%119,666.80-
198542.74%122,940.45-
198552.51%126,027.44-
198562.25%128,859.56-
19857-1.85%126,481.70-
19858-1.88%124,097.53-
198591.50%125,953.49-
1985106.42%134,040.35-
1985115.29%141,137.14-
1985120.75%142,198.10-
198615.70%150,299.48-
198626.18%159,592.15-
198632.74%163,967.25-
198640.49%164,773.69-
198653.13%169,936.45-
19866-1.80%166,870.94-
198672.28%170,677.03-
19868-2.46%166,484.80-
19869-0.09%166,335.17-
1986103.53%172,211.71-
1986111.71%175,154.70-
1986126.67%186,843.43-
198716.46%198,917.02-
198724.38%207,622.44-
19873-0.86%205,844.34-
198740.17%206,200.10-
198754.50%215,475.90-
198763.12%222,203.27-
198776.45%236,544.29-
19878-3.03%229,375.99-
19879-11.85%202,186.02-
198710-12.30%177,310.24-
198711-1.33%174,943.69-
1987124.25%182,372.75-
198813.33%188,443.14-
198823.23%194,533.74-
19883-0.89%192,810.12-
19884-2.19%188,590.92-
198856.00%199,902.98-
19886-0.31%199,289.44-
19887-1.72%195,864.68-
198881.93%199,639.32-
198893.80%207,228.84-
198810-2.02%203,042.31-
1988112.33%207,764.98-
1988123.51%215,063.05-
198913.30%222,159.81-
19892-0.16%221,800.67-
198933.56%229,707.42-
198944.12%239,160.57-
198953.39%247,274.39-
198962.80%254,198.51-
198974.69%266,122.33-
198980.46%267,334.61-
198990.29%268,099.88-
198910-1.81%263,237.75-
1989112.74%270,441.79-
198912-2.21%264,461.71-
19901-2.53%257,778.28-
199022.71%264,756.77-
199030.20%265,275.65-
199043.85%275,491.22-
199053.17%284,224.17-
199060.17%284,706.57-
19907-7.86%262,325.14-
19908-4.34%250,937.45-
19909-2.32%245,126.32-
1990102.98%252,440.43-
1990114.59%264,018.88-
199012-0.69%262,209.90-
1991111.61%292,644.01-
199123.04%301,553.91-
199132.26%308,365.49-
19914-0.18%307,813.89-
199150.35%308,882.04-
199160.78%311,292.82-
199172.68%319,632.15-
19918-0.30%318,663.34-
199190.18%319,242.18-
1991100.02%319,292.60-
1991110.94%322,278.44-
1991127.36%345,991.77-
19921-0.60%343,912.89-
19922-1.01%340,431.19-
199230.26%341,330.96-
199242.07%348,390.88-
19925-1.33%343,760.34-
199261.91%350,333.50-
199270.94%353,632.66-
199280.38%354,970.05-
19929-1.18%350,774.11-
1992102.76%360,444.61-
1992113.27%372,235.47-
1992120.14%372,767.37-
199311.72%379,194.81-
199322.15%387,348.07-
19933-1.34%382,150.85-
199340.72%384,920.39-
199350.87%388,250.65-
199360.06%388,487.50-
199371.76%395,334.46-
199381.35%400,691.13-
199391.24%405,667.34-
1993100.01%405,697.95-
1993110.89%409,297.22-
1993121.74%416,402.13-
19941-0.08%416,086.91-
19942-1.42%410,162.58-
19943-3.35%396,437.00-
199441.06%400,632.26-
199451.11%405,071.64-
19946-0.52%402,969.82-
199473.08%415,389.67-
199480.82%418,785.33-
19949-0.44%416,925.90-
199410-0.37%415,383.75-
199411-1.03%411,123.14-
1994122.45%421,200.48-
199513.82%437,286.52-
199522.56%448,473.06-
199533.22%462,893.94-
199543.35%478,390.52-
199553.18%493,595.79-
199563.55%511,106.00-
199570.51%513,728.61-
199583.72%532,827.32-
199590.91%537,689.73-
1995102.36%550,370.52-
1995113.39%569,023.34-
1995120.16%569,948.46-
199615.90%603,600.46-
19962-0.20%602,389.05-
199630.20%603,576.01-
199642.35%617,789.17-
199651.28%625,688.18-
19966-3.48%603,935.73-
199673.08%622,511.30-
199682.02%635,109.22-
199694.12%661,272.54-
1996105.05%694,680.57-
1996111.20%703,004.42-
1996123.26%725,905.07-
199714.36%757,562.98-
19972-0.62%752,838.17-
19973-3.41%727,202.17-
199749.22%794,234.44-
199755.34%836,621.34-
199765.74%884,609.31-
199770.35%887,685.89-
199781.19%898,267.18-
199791.65%913,047.05-
199710-1.15%902,528.35-
1997112.63%926,306.51-
1997120.24%928,502.67-
199816.40%987,946.89-
199825.31%1,040,435.24-
199833.41%1,075,869.09-
19984-0.22%1,073,482.19-
199850.12%1,074,732.34-
199864.47%1,122,747.79-
19987-6.97%1,044,480.96-
19988-4.90%993,317.58-
199891.29%1,006,139.89-
19981010.97%1,116,557.55-
1998114.10%1,162,382.24-
1998125.05%1,221,055.66-
19991-0.07%1,220,241.09-
199922.92%1,255,914.96-
199934.25%1,309,291.63-
19994-0.10%1,307,997.63-
19995-0.61%1,299,995.73-
199964.52%1,358,786.57-
19997-3.77%1,307,500.73-
19998-0.60%1,299,681.65-
19999-1.27%1,283,143.58-
1999107.11%1,374,323.12-
1999112.81%1,412,924.15-
199912-0.12%1,411,243.72-
20001-2.48%1,376,272.01-
200023.94%1,430,510.25-
200031.42%1,450,890.24-
20004-2.84%1,409,702.45-
200053.16%1,454,298.11-
200060.85%1,466,664.63-
200070.94%1,480,447.04-
20008-1.08%1,464,463.38-
20009-5.21%1,388,102.89-
200010-0.77%1,377,378.91-
200011-3.32%1,331,648.91-
2000120.46%1,337,708.02-
20011-2.14%1,309,131.13-
20012-9.08%1,190,263.29-
200130.45%1,195,603.93-
200146.88%1,277,853.50-
20015-2.39%1,247,330.02-
20016-2.66%1,214,148.21-
20017-2.05%1,189,308.69-
20018-11.25%1,055,543.28-
200193.18%1,089,152.11-
2001105.05%1,144,188.56-
2001111.47%1,160,962.93-
200112-0.30%1,157,506.87-
20021-3.35%1,118,698.33-
200224.95%1,174,020.99-
20023-3.51%1,132,760.82-
20024-2.82%1,100,812.76-
20025-5.92%1,035,634.09-
20026-10.76%924,215.41-
200271.14%934,740.29-
20028-4.76%890,267.87-
20029-1.37%878,097.53-
2002106.63%936,276.55-
200211-1.04%926,585.51-
200212-0.22%924,523.70-
20031-6.41%865,217.02-
200321.31%876,533.18-
200335.29%922,865.48-
200345.31%971,890.05-
200355.70%1,027,328.46-
200360.60%1,033,450.32-
20037-0.17%1,031,731.44-
200383.16%1,064,346.34-
200392.03%1,085,929.46-
2003101.21%1,099,075.57-
2003113.06%1,132,749.16-
2003124.93%1,188,649.90-
200411.09%1,201,566.51-
20042-1.57%1,182,759.63-
200430.97%1,194,210.36-
20044-2.56%1,163,587.78-
200452.86%1,196,839.36-
20046-2.24%1,170,044.76-
20047-1.39%1,153,809.57-
200482.78%1,185,915.76-
200490.10%1,187,132.45-
2004104.77%1,243,804.92-
2004112.73%1,277,729.05-
200412-1.35%1,260,489.65-
200511.68%1,281,681.09-
20052-0.26%1,278,405.26-
20053-2.41%1,247,609.52-
200541.34%1,264,275.97-
200552.18%1,291,846.01-
200561.81%1,315,199.88-
200570.31%1,319,277.24-
200580.28%1,322,967.13-
20059-2.62%1,288,249.57-
2005103.96%1,339,284.12-
2005112.14%1,368,000.13-
2005121.47%1,388,065.55-
20061-0.02%1,387,834.58-
200621.49%1,408,459.71-
200630.80%1,419,703.89-
20064-0.79%1,408,535.99-
20065-2.71%1,370,423.92-
200660.72%1,380,291.53-
200672.29%1,411,924.49-
200682.53%1,447,662.75-
200693.62%1,500,008.98-
2006102.00%1,530,033.80-
2006112.15%1,562,902.98-
2006120.69%1,573,731.19-
200711.60%1,598,848.69-
20072-2.47%1,559,294.92-
200734.18%1,624,477.50-
200743.39%1,679,575.76-
200750.34%1,685,368.65-
200760.57%1,695,053.11-
20077-4.20%1,623,842.10-
200783.07%1,673,771.08-
200792.99%1,723,844.16-
200710-4.81%1,640,990.87-
2007111.24%1,661,309.96-
200712-6.64%1,551,078.76-
20081-1.56%1,526,820.42-
20082-2.63%1,486,716.41-
200834.24%1,549,809.72-
200842.56%1,589,525.21-
20085-4.25%1,522,024.72-
20086-6.08%1,429,508.88-
200872.11%1,459,679.16-
20088-4.85%1,388,920.69-
20089-20.19%1,108,447.81-
200810-8.61%1,013,062.01-
200811-0.35%1,009,503.97-
200812-1.10%998,444.28-
20091-6.70%931,523.49-
20092-5.69%878,543.68-
2009312.32%986,795.64-
200946.66%1,052,514.47-
200952.87%1,082,709.64-
200961.28%1,096,542.80-
200978.12%1,185,590.24-
200983.65%1,228,868.36-
200992.40%1,258,399.39-
2009102.09%1,284,754.38-
2009112.23%1,313,351.18-
2009121.36%1,331,172.93-
20101-2.90%1,292,589.24-
201025.94%1,369,408.28-
201034.09%1,425,388.73-
20104-5.88%1,341,541.72-
20105-3.54%1,294,003.32-
20106-0.16%1,291,944.91-
201070.86%1,303,102.30-
201083.37%1,347,031.89-
201094.58%1,408,691.42-
2010102.49%1,443,780.72-
2010113.71%1,497,398.93-
2010123.46%1,549,241.77-
201113.15%1,598,056.27-
20112-1.11%1,580,278.52-
201132.22%1,615,376.23-
201140.66%1,626,025.36-
20115-3.66%1,566,470.55-
201163.10%1,615,058.33-
20117-10.40%1,447,081.81-
20118-0.79%1,435,660.79-
201193.02%1,479,002.04-
2011101.77%1,505,137.82-
2011111.55%1,528,538.96-
2011124.78%1,601,642.22-
201214.16%1,668,312.32-
201222.88%1,716,423.74-
20123-0.04%1,715,767.88-
20124-3.09%1,662,734.32-
20125-1.15%1,643,572.78-
201262.92%1,691,582.97-
201273.39%1,748,888.74-
201283.02%1,801,725.57-
20129-0.22%1,797,813.40-
201210-2.84%1,746,800.56-
2012112.18%1,784,802.82-
2012124.27%1,860,991.79-
201312.33%1,904,409.14-
201322.72%1,956,255.80-
201331.45%1,984,695.68-
201344.57%2,075,481.01-
20135-1.12%2,052,281.80-
201363.25%2,119,072.85-
201370.25%2,124,424.10-
201381.19%2,149,757.17-
201392.12%2,195,279.35-
2013103.86%2,280,017.00-
2013111.52%2,314,711.15-
2013120.97%2,337,113.10-
20141-0.13%2,334,074.01-
201422.72%2,397,613.79-
201430.20%2,402,450.35-
201441.53%2,439,256.73-
201453.20%2,517,223.13-
201461.50%2,554,876.30-
20147-0.43%2,543,968.24-
201481.78%2,589,200.85-
20149-2.65%2,520,675.48-
2014105.71%2,664,496.46-
2014110.63%2,681,386.38-
201412-1.11%2,651,621.77-
201512.83%2,726,593.67-
201520.06%2,728,103.20-
201530.88%2,752,067.13-
201540.98%2,779,007.22-
20155-0.44%2,766,904.64-
20156-0.08%2,764,701.35-
20157-2.42%2,697,674.00-
20158-4.51%2,576,087.26-
201594.32%2,687,300.02-
2015102.93%2,766,104.29-
201511-1.10%2,735,594.99-
201512-6.42%2,559,980.14-
20161-0.55%2,545,902.58-
201626.36%2,707,891.42-
201632.83%2,784,558.87-
20164-0.30%2,776,083.64-
201651.07%2,805,690.30-
201663.30%2,898,206.23-
201671.20%2,932,963.17-
20168-0.44%2,920,097.10-
20169-0.51%2,905,321.97-
2016101.20%2,940,219.55-
2016113.95%3,056,239.55-
2016121.44%3,100,177.11-
201712.58%3,180,051.48-
201721.75%3,235,678.75-
20173-0.15%3,230,695.67-
201741.69%3,285,371.10-
201751.78%3,343,733.35-
201760.99%3,376,765.56-
201770.25%3,385,133.36-
201781.65%3,441,098.52-
201792.73%3,535,205.66-
2017101.59%3,591,400.19-
2017112.88%3,694,957.72-
2017124.86%3,874,602.80-
20181-2.89%3,762,755.17-
201820.06%3,765,185.09-
20183-1.66%3,702,533.47-
201841.96%3,775,163.15-
201852.11%3,854,931.20-
201861.58%3,915,867.72-
201872.45%4,011,838.00-
201881.68%4,079,226.76-
20189-3.85%3,922,217.88-
201810-2.08%3,840,788.39-
201811-5.56%3,627,144.07-
2018121.74%3,690,098.10-
201915.83%3,905,190.33-
201921.95%3,981,264.29-
201933.72%4,129,495.50-
20194-1.53%4,066,240.37-
201951.40%4,123,360.84-
201963.83%4,281,176.04-
20197-3.13%4,146,986.26-
201983.09%4,274,930.22-
201990.01%4,275,349.28-
2019104.43%4,464,905.10-
2019112.47%4,575,157.89-
2019123.35%4,728,260.86-
202010.12%4,734,032.97-
20202-18.92%3,838,462.40-
202034.32%4,004,230.78-
202045.89%4,239,974.48-
202056.51%4,515,923.54-
202063.48%4,672,916.69-
202075.89%4,948,315.26-
20208-0.63%4,917,289.19-
202091.73%5,002,161.67-
2020103.95%5,199,952.97-
2020114.26%5,421,475.15-
2020122.80%5,573,021.64-
202112.49%5,711,875.06-
202120.82%5,758,789.99-
202136.02%6,105,554.72-
202140.76%6,151,971.08-
202151.81%6,263,347.76-
202163.07%6,455,519.89-
202172.19%6,596,583.45-
20218-0.08%6,591,009.41-
202190.45%6,620,812.38-
2021104.74%6,934,952.98-
2021110.27%6,953,358.60-
202112-2.05%6,810,678.96-
20221-2.90%6,612,994.24-
20222-0.89%6,553,967.74-
202230.12%6,561,721.20-
20224-7.87%6,045,134.59-
20225-3.37%5,841,450.74-
202260.46%5,868,595.11-
202276.45%6,246,966.55-
20228-7.28%5,792,349.54-
20229-3.09%5,613,297.87-
2022105.29%5,909,965.96-
2022110.01%5,910,606.44-
2022121.38%5,991,963.36-
202313.15%6,180,528.75-
20232-2.59%6,020,735.69-
202334.00%6,261,337.61-
202340.74%6,307,527.20-
202354.94%6,619,256.97-
202363.88%6,875,822.15-
20237-1.00%6,807,226.42-
20238-0.95%6,742,314.26-
20239-3.04%6,537,529.10-
2023104.60%6,838,368.13-
2023115.18%7,192,270.57-
2023122.91%7,401,697.75-
202414.20%7,712,515.14-
202423.28%7,965,649.14-
20243-1.01%7,885,265.53-
202442.52%8,083,715.03-
202453.55%8,370,734.14-
202462.38%8,569,929.25-
20247-0.97%8,486,748.62-
202482.72%8,717,767.30-
202493.15%8,992,541.41-
2024102.48%9,215,716.90-
2024111.47%9,351,217.53-
202412-0.42%9,312,080.51-
Click to show 810 more rows

Remember, returns are based on the average closing price across the entire month. Some losses are offset by dividend returns.

Dollar-cost averaging

Dollar-cost averaging is an alternative to investing the full lump-sum of $9,600.00 up-front. Instead, the capital is invested over a period of time.

Consider a strategy in which $9,600.00 was invested in the S&P 500 over a period of no more than 24 months beginning in 1956. This would result in a final amount of $8,706,085.53, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $9,312,080.51).

YearMonthContribution ($)Amount ($)
19561400.00402.54
19562400.00859.09
19563400.001,276.55
19564400.001,627.74
19565400.002,021.16
19566400.002,559.05
19567400.002,949.39
19568400.003,244.67
19569400.003,608.61
195610400.003,978.75
195611400.004,456.66
195612400.004,764.95
19571400.004,957.30
19572400.005,442.79
19573400.005,995.96
19574400.006,660.77
19575400.007,197.51
19576400.007,772.72
19577400.007,746.13
19578400.007,840.24
19579400.007,753.01
195710400.008,004.79
195711400.008,430.05
195712400.009,034.19
19581-9,097.60
19582-9,317.67
19583-9,401.20
19584-9,735.68
19585-10,001.97
19586-10,309.10
19587-10,727.06
19588-11,042.84
19589-11,524.20
195810-11,907.52
195811-12,165.02
195812-12,682.60
19591-12,522.16
19592-12,873.55
19593-13,122.84
19594-13,354.52
19595-13,273.55
19596-13,834.70
19597-13,790.64
19598-13,279.94
19599-13,303.41
195910-13,392.42
195911-13,856.22
195912-13,650.35
19601-13,157.67
19602-13,015.81
19603-13,222.02
19604-13,139.44
19605-13,663.45
19606-13,363.39
19607-13,562.62
19608-13,193.61
19609-12,972.76
196010-13,432.10
196011-13,793.51
196012-14,542.08
19611-15,178.16
19612-15,693.77
19613-16,151.88
19614-16,355.93
19615-16,179.26
19616-16,174.73
19617-16,795.68
19618-16,704.69
19619-16,929.05
196110-17,736.91
196111-17,943.19
196112-17,317.49
19621-17,648.17
19622-17,708.35
19623-17,186.85
19624-15,951.96
19625-14,131.40
19626-14,515.40
19627-14,954.21
19628-14,865.48
19629-14,440.87
196210-15,480.74
196211-16,196.53
196212-16,868.16
19631-17,137.29
19632-17,118.73
19633-17,970.93
19634-18,378.80
19635-18,418.61
19636-18,193.56
19637-18,745.03
19638-19,287.44
19639-19,383.85
196310-19,324.43
196311-19,786.93
196312-20,445.87
19641-20,748.45
19642-21,178.16
19643-21,536.73
19644-21,799.56
19645-21,723.11
19646-22,583.57
19647-22,306.77
19648-22,745.20
19649-23,193.32
196410-23,410.63
196411-23,061.74
196412-23,712.26
19651-23,943.47
19652-24,023.82
19653-24,398.02
19654-24,820.74
19655-23,701.98
19656-23,726.37
19657-24,229.03
19658-25,100.34
19659-25,727.05
196510-26,003.87
196511-25,948.84
196512-26,462.74
19661-26,348.84
19662-25,331.16
19663-26,172.40
19664-24,861.80
19665-24,722.69
19666-24,727.24
19667-23,300.61
19668-22,549.20
19669-22,421.93
196610-23,613.90
196611-23,782.92
196612-24,765.23
19671-25,688.97
19672-26,365.55
19673-26,890.88
19674-27,444.21
19675-27,172.01
19676-27,713.39
19677-28,226.54
19678-28,693.39
19679-28,721.34
196710-27,893.67
196711-28,761.64
196712-28,756.61
19681-27,532.45
19682-27,103.15
19683-29,179.72
19684-29,926.05
19685-30,806.09
19686-30,821.16
19687-30,225.10
19688-31,285.30
19689-32,135.38
196810-32,709.24
196811-33,129.65
196812-31,809.39
19691-31,733.51
19692-31,126.19
19693-31,834.08
19694-32,952.57
19695-31,314.39
19696-29,997.52
19697-29,912.44
19698-30,100.45
19699-30,505.73
196910-30,810.01
196911-29,261.04
196912-29,088.68
19701-28,158.98
19702-28,725.62
19703-27,936.32
19704-24,807.73
19705-24,740.78
19706-24,870.06
19707-25,679.78
19708-27,303.07
19709-27,982.78
197010-28,040.64
197011-30,047.89
197012-31,283.06
19711-32,581.64
19712-33,504.30
19713-34,735.20
19714-34,350.38
19715-33,802.20
19716-33,645.70
19717-33,135.26
19718-33,959.14
19719-33,326.25
197110-31,869.38
197111-34,152.38
197112-35,662.78
19721-36,407.05
19722-37,360.77
19723-37,831.11
19724-37,537.58
19725-37,731.31
19726-37,541.20
19727-38,961.64
19728-38,490.02
19729-38,650.69
197210-40,681.48
197211-41,621.84
197212-42,033.63
19731-40,635.96
19732-40,089.26
19733-39,434.48
19734-38,421.11
19735-37,656.61
19736-38,112.35
19737-37,489.05
19738-38,237.06
19739-39,856.53
197310-37,125.21
197311-34,598.74
197312-35,187.06
19741-34,316.94
19742-35,886.81
19743-34,158.28
19744-33,234.06
19745-33,386.02
19746-29,597.76
19747-28,483.47
19748-25,631.26
19749-26,240.49
197410-27,222.79
197411-25,564.42
197412-27,771.34
19751-30,772.74
19752-32,303.27
19753-32,783.63
19754-34,984.27
19755-35,996.93
19756-36,152.44
19757-33,623.12
19758-33,336.43
19759-34,993.67
197510-35,708.13
197511-35,286.91
197512-38,655.14
19761-40,270.21
19762-40,593.34
19763-41,038.02
19764-40,880.73
19765-41,248.89
19766-42,348.32
19767-42,110.91
19768-43,137.52
19769-41,796.72
197610-41,643.47
197611-43,220.30
197612-42,988.10
19771-41,969.89
19772-41,947.15
19773-41,446.44
19774-41,473.17
19775-41,846.33
19776-42,382.99
19777-41,502.00
19778-41,014.22
19779-40,112.78
197710-40,506.35
197711-40,473.88
197712-39,101.67
19781-38,721.61
19782-38,824.48
19783-40,699.70
19784-42,939.94
19785-43,229.17
19786-43,202.24
19787-46,368.16
19788-46,553.49
19789-45,262.33
197810-42,801.12
197811-43,624.11
197812-45,449.92
19791-44,969.53
19792-46,022.34
19793-47,141.10
19794-46,248.71
19795-47,366.83
19796-48,039.84
19797-50,448.72
19798-51,225.86
19799-49,508.50
197910-49,348.87
197911-51,522.19
197912-53,228.84
19801-55,568.71
19802-50,690.98
19803-50,101.93
19804-52,625.13
19805-56,236.63
19806-59,031.28
19807-61,100.14
19808-62,832.82
19809-64,921.87
198010-67,917.82
198011-67,072.39
198012-67,079.09
19811-65,019.64
19812-67,713.60
19813-68,589.68
19814-67,480.40
19815-68,059.10
19816-66,686.86
19817-67,222.06
19818-61,640.83
19819-62,705.52
198110-64,614.11
198111-65,376.14
198112-62,235.40
19821-61,044.28
19822-59,368.89
19823-62,615.96
19824-62,972.65
19825-59,653.60
19826-59,799.07
19827-60,273.86
19828-67,564.81
19829-73,565.51
198210-76,875.90
198211-77,917.95
198212-80,976.81
19831-82,701.63
19832-85,898.56
19833-89,504.05
19834-93,463.72
19835-95,102.61
19836-95,776.07
19837-93,470.56
19838-96,568.02
19839-97,193.71
198310-96,084.32
198311-95,961.21
198312-97,473.49
19841-92,490.47
19842-92,899.61
19843-93,370.80
19844-93,134.97
19845-91,413.55
19846-90,583.11
19847-98,922.70
19848-100,314.51
19849-99,900.81
198410-101,185.43
198411-100,469.49
198412-105,189.11
19851-111,276.79
19852-110,744.53
19853-111,879.34
19854-114,939.95
19855-117,826.06
19856-120,473.87
19857-118,250.75
19858-116,021.73
19859-117,756.91
198510-125,317.51
198511-131,952.46
198512-132,944.39
19861-140,518.56
19862-149,206.50
19863-153,296.89
19864-154,050.85
19865-158,877.63
19866-156,011.61
19867-159,570.01
19868-155,650.59
19869-155,510.71
198610-161,004.82
198611-163,756.30
198612-174,684.36
19871-185,972.25
19872-194,111.16
19873-192,448.77
19874-192,781.38
19875-201,453.54
19876-207,743.12
19877-221,150.88
19878-214,449.07
19879-189,028.52
198710-165,771.56
198711-163,559.02
198712-170,504.62
19881-176,179.98
19882-181,874.22
19883-180,262.77
19884-176,318.14
19885-186,894.05
19886-186,320.44
19887-183,118.55
19888-186,647.55
19889-193,743.17
198810-189,829.08
198811-194,244.42
198812-201,067.56
19891-207,702.49
19892-207,366.72
19893-214,758.93
19894-223,596.91
19895-231,182.71
19896-237,656.23
19897-248,804.09
19898-249,937.49
19899-250,652.95
198910-246,107.23
198911-252,842.46
198912-247,251.55
19901-241,003.04
19902-247,527.40
19903-248,012.52
19904-257,563.29
19905-265,727.94
19906-266,178.94
19907-245,254.01
19908-234,607.39
19909-229,174.42
199010-236,012.56
199011-246,837.53
199012-245,146.27
19911-273,599.84
19912-281,929.92
19913-288,298.23
19914-287,782.53
19915-288,781.17
19916-291,035.06
19917-298,831.70
19918-297,925.94
19919-298,467.11
199110-298,514.25
199111-301,305.78
199112-323,475.93
19921-321,532.34
19922-318,277.22
19923-319,118.44
19924-325,718.92
19925-321,389.72
19926-327,535.12
19927-330,619.58
19928-331,869.94
19929-327,947.06
199210-336,988.24
199211-348,011.80
199212-348,509.08
19931-354,518.24
19932-362,140.93
19933-357,281.92
19934-359,871.23
19935-362,984.77
19936-363,206.20
19937-369,607.59
19938-374,615.67
19939-379,268.04
199310-379,296.66
199311-382,661.70
199312-389,304.25
19941-389,009.54
19942-383,470.76
19943-370,638.38
19944-374,560.63
19945-378,711.11
19946-376,746.07
19947-388,357.68
19948-391,532.37
19949-389,793.94
199410-388,352.15
199411-384,368.80
199412-393,790.35
19951-408,829.57
19952-419,288.13
19953-432,770.56
19954-447,258.68
19955-461,474.45
19956-477,845.16
19957-480,297.10
19958-498,152.93
19959-502,698.91
199510-514,554.49
199511-531,993.45
199512-532,858.37
19961-564,320.42
19962-563,187.85
19963-564,297.56
19964-577,585.79
19965-584,970.76
19966-564,633.87
19967-582,000.62
19968-593,778.72
19969-618,239.42
199610-649,473.38
199611-657,255.55
199612-678,665.91
19971-708,263.64
19972-703,846.31
19973-679,878.61
19974-742,548.67
19975-782,177.19
19976-827,042.28
19977-829,918.65
19978-839,811.35
19979-853,629.40
199710-843,795.22
199711-866,025.99
199712-868,079.23
19981-923,655.04
19982-972,727.65
19983-1,005,855.60
19984-1,003,624.03
19985-1,004,792.82
19986-1,049,683.61
19987-976,510.09
19988-928,676.23
19989-940,664.11
199810-1,043,896.21
199811-1,086,738.80
199812-1,141,593.98
19991-1,140,832.42
19992-1,174,184.77
19993-1,224,087.88
19994-1,222,878.09
19995-1,215,396.92
19996-1,270,361.88
19997-1,222,413.52
19998-1,215,103.29
19999-1,199,641.45
199910-1,284,887.37
199911-1,320,976.39
199912-1,319,405.32
20001-1,286,709.44
20002-1,337,418.06
20003-1,356,471.79
20004-1,317,964.35
20005-1,359,657.89
20006-1,371,219.64
20007-1,384,105.14
20008-1,369,161.64
20009-1,297,770.41
200010-1,287,744.30
200011-1,244,990.24
200012-1,250,655.04
20011-1,223,937.83
20012-1,112,805.46
20013-1,117,798.55
20014-1,194,695.63
20015-1,166,158.50
20016-1,135,136.04
20017-1,111,912.98
20018-986,852.52
20019-1,018,274.21
200110-1,069,729.10
200111-1,085,411.85
200112-1,082,180.70
20021-1,045,897.68
20022-1,097,620.15
20023-1,059,045.03
20024-1,029,176.03
20025-968,238.94
20026-864,070.96
20027-873,910.93
20028-832,332.60
20029-820,954.26
200210-875,347.21
200211-866,286.83
200212-864,359.19
20031-808,911.97
20032-819,491.71
20033-862,808.89
20034-908,643.12
20035-960,473.81
20036-966,197.28
20037-964,590.26
20038-995,082.70
20039-1,015,261.28
200310-1,027,551.89
200311-1,059,034.13
200312-1,111,297.06
20041-1,123,373.10
20042-1,105,790.10
20043-1,116,495.67
20044-1,087,865.89
20045-1,118,953.58
20046-1,093,902.68
20047-1,078,724.01
20048-1,108,740.85
20049-1,109,878.36
200410-1,162,862.80
200411-1,194,579.27
200412-1,178,461.75
20051-1,198,274.13
20052-1,195,211.49
20053-1,166,419.82
20054-1,182,001.67
20055-1,207,777.55
20056-1,229,611.65
20057-1,233,423.67
20058-1,236,873.44
20059-1,204,415.16
200510-1,252,128.58
200511-1,278,975.85
200512-1,297,735.49
20061-1,297,519.55
20062-1,316,802.48
20063-1,327,314.93
20064-1,316,873.79
20065-1,281,241.92
20066-1,290,467.38
20067-1,320,041.78
20068-1,353,454.33
20069-1,402,394.06
200610-1,430,464.99
200611-1,461,195.17
200612-1,471,318.71
20071-1,494,801.67
20072-1,457,821.90
20073-1,518,762.65
20074-1,570,275.33
20075-1,575,691.23
20076-1,584,745.46
20077-1,518,168.60
20078-1,564,848.38
20079-1,611,662.90
200710-1,534,201.39
200711-1,553,198.19
200712-1,450,140.42
20081-1,427,460.72
20082-1,389,966.53
20083-1,448,953.96
20084-1,486,084.92
20085-1,422,977.10
20086-1,336,481.85
20087-1,364,688.76
20088-1,298,534.98
20089-1,036,314.21
200810-947,135.77
200811-943,809.27
200812-933,469.30
20091-870,903.46
20092-821,371.38
20093-922,578.71
20094-984,020.81
20095-1,012,251.00
20096-1,025,183.94
20097-1,108,436.52
20098-1,148,898.25
20099-1,176,507.52
200910-1,201,147.42
200911-1,227,883.25
200912-1,244,545.23
20101-1,208,472.42
20102-1,280,292.37
20103-1,332,629.83
20104-1,254,239.25
20105-1,209,794.48
20106-1,207,870.03
20107-1,218,301.33
20108-1,259,372.15
20109-1,317,019.11
201010-1,349,824.93
201011-1,399,953.87
201012-1,448,422.98
20111-1,494,060.81
20112-1,477,439.97
20113-1,510,253.66
20114-1,520,209.78
20115-1,464,530.57
20116-1,509,956.44
20117-1,352,911.20
20118-1,342,233.42
20119-1,382,754.18
201110-1,407,189.14
201111-1,429,067.43
201112-1,497,413.41
20121-1,559,744.87
20122-1,604,725.37
20123-1,604,112.20
20124-1,554,529.86
20125-1,536,615.28
20126-1,581,501.15
20127-1,635,077.68
20128-1,684,476.09
20129-1,680,818.51
201210-1,633,125.38
201211-1,668,654.60
201212-1,739,885.48
20131-1,780,477.39
20132-1,828,950.07
20133-1,855,539.19
20134-1,940,416.56
20135-1,918,727.07
20136-1,981,171.60
20137-1,986,174.62
20138-2,009,859.10
20139-2,052,418.87
201310-2,131,642.12
201311-2,164,078.50
201312-2,185,022.62
20141-2,182,181.30
20142-2,241,586.15
20143-2,246,107.97
20144-2,280,519.13
20145-2,353,411.77
20146-2,388,614.62
20147-2,378,416.41
20148-2,420,705.45
20149-2,356,639.46
201410-2,491,101.11
201411-2,506,891.89
201412-2,479,064.25
20151-2,549,157.27
20152-2,550,568.57
20153-2,572,973.01
20154-2,598,159.94
20155-2,586,844.95
20156-2,584,785.05
20157-2,522,119.58
20158-2,408,445.24
20159-2,512,420.70
201510-2,586,096.68
201511-2,557,572.81
201512-2,393,386.31
20161-2,380,224.86
20162-2,531,672.09
20163-2,603,350.31
20164-2,595,426.62
20165-2,623,106.59
20166-2,709,601.93
20167-2,742,097.02
20168-2,730,068.23
20169-2,716,254.60
201610-2,748,881.18
201611-2,857,351.04
201612-2,898,429.31
20171-2,973,105.76
20172-3,025,113.01
20173-3,020,454.22
20174-3,071,571.58
20175-3,126,135.83
20176-3,157,018.43
20177-3,164,841.69
20178-3,217,164.85
20179-3,305,147.84
201710-3,357,685.45
201711-3,454,503.85
201712-3,622,458.31
20181-3,517,889.30
20182-3,520,161.09
20183-3,461,586.60
20184-3,529,489.81
20185-3,604,066.86
20186-3,661,037.86
20187-3,750,762.76
20188-3,813,766.11
20189-3,666,974.78
201810-3,590,844.41
201811-3,391,103.25
201812-3,449,960.48
20191-3,651,055.31
20192-3,722,178.67
20193-3,860,763.56
20194-3,801,624.82
20195-3,855,028.12
20196-4,002,573.30
20197-3,877,116.08
20198-3,996,733.93
20199-3,997,125.72
201910-4,174,345.97
201911-4,277,423.92
201912-4,420,563.53
20201-4,425,960.01
20202-3,588,669.78
20203-3,743,650.59
20204-3,964,052.98
20205-4,222,044.32
20206-4,368,820.94
20207-4,626,297.62
20208-4,597,290.61
20209-4,676,639.91
202010-4,861,559.70
202011-5,068,666.06
202012-5,210,350.47
20211-5,340,167.84
20212-5,384,029.71
20213-5,708,228.32
20214-5,751,624.07
20215-5,855,752.78
20216-6,035,419.07
20217-6,167,302.75
20218-6,162,091.45
20219-6,189,954.95
202110-6,483,652.47
202111-6,500,860.32
202112-6,367,465.73
20221-6,182,645.59
20222-6,127,460.31
20223-6,134,709.21
20224-5,651,740.10
20225-5,461,311.22
20226-5,486,689.13
20227-5,840,437.59
20228-5,415,405.34
20229-5,248,005.68
202210-5,525,367.72
202211-5,525,966.53
202212-5,602,029.05
20231-5,778,323.31
20232-5,628,928.98
20233-5,853,873.44
20234-5,897,057.18
20235-6,188,500.76
20236-6,428,369.65
20237-6,364,237.87
20238-6,303,549.95
20239-6,112,091.44
202310-6,393,353.00
202311-6,724,224.80
202312-6,920,023.26
20241-7,210,613.82
20242-7,447,274.82
20243-7,372,122.28
20244-7,557,657.43
20245-7,825,998.42
20246-8,012,230.67
20247-7,934,463.12
20248-8,150,447.98
20249-8,407,340.82
202410-8,615,992.90
202411-8,742,675.66
202412-8,706,085.53
Click to show 810 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 1956 to 2024
Start Value
Average monthly close
$44.15
End Value
Average monthly close
$4,815.61
Change in price +10,807.39%
+7.14% / yr
Change incl. dividends +96,900.84%
+10.48% / yr
Change incl. dividends, inflation-adjusted +8,315.61%
+6.64% / yr
Final amount, nominal
($9600 base)
$9,312,080.51
Final amount, inflation-adjusted
($9600 base)
$807,898.26