S&P 500: $1000 in 1957 → $584,066.64 in 2022

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Stock market returns between 1957 and 2022

If you invested $1000 in the S&P 500 at the beginning of 1957, you would have about $584,066.64 at the end of 2022, assuming you reinvested all dividends. This is a return on investment of 58,306.66%, or 10.13% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 5,508.05% cumulatively, or 6.29% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $566,043.30.

The graph below shows the performance of $1000 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 $1000 is $583,066.64, or 58,306.66%. This means by 2022 you would have $584,066.64 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 1957 was 28.100 and the CPI in 2022 was 292.656.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 65 years.

Adjusted for inflation, the $584,066.64 nominal end value of the original $1000 investment would have a real return of roughly $55,080.46 in 1957 dollars. This means the inflation-adjusted return is 5,508.05% as opposed to the original 58,306.66%.

For more information on inflation, see our U.S. inflation calculator for 1957.

Full monthly data

The table below shows the full dataset pertaining to a $1000 investment, including gains and losses over the 792-month period between 1957 and 2022.

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

YearMonthReturn (%)Amount ($)CPI
19571-4.00%960.0427.60
195721.62%975.6027.70
195732.64%1,001.4027.80
195744.16%1,043.0627.90
195751.95%1,063.4428.00
195762.32%1,088.1328.10
19577-5.21%1,031.4928.30
19578-3.74%992.9228.30
19579-5.90%934.3728.30
195710-1.80%917.5528.30
1957110.32%920.4728.40
1957122.33%941.9028.40
195810.70%948.5128.60
195822.42%971.4628.60
195830.90%980.1728.80
195843.56%1,015.0428.90
195852.74%1,042.8028.90
195863.07%1,074.8328.90
195874.05%1,118.4029.00
195882.94%1,151.3228.90
195894.36%1,201.5128.90
1958103.33%1,241.4828.90
1958112.16%1,268.3229.00
1958124.25%1,322.2928.90
19591-1.27%1,305.5629.00
195922.81%1,342.1928.90
195931.94%1,368.1928.90
195941.77%1,392.3429.00
19595-0.61%1,383.9029.00
195964.23%1,442.4029.10
19597-0.32%1,437.8129.20
19598-3.70%1,384.5629.20
195990.18%1,387.0129.30
1959100.67%1,396.2929.40
1959113.46%1,444.6529.40
195912-1.49%1,423.1829.40
19601-3.61%1,371.8229.30
19602-1.08%1,357.0329.40
196031.58%1,378.5329.40
19604-0.62%1,369.9229.50
196053.99%1,424.5529.50
19606-2.20%1,393.2629.60
196071.49%1,414.0429.60
19608-2.72%1,375.5629.60
19609-1.67%1,352.5429.60
1960103.54%1,400.4329.80
1960112.69%1,438.1129.80
1960125.43%1,516.1529.80
196114.37%1,582.4729.80
196123.40%1,636.2329.80
196132.92%1,683.9929.80
196141.26%1,705.2729.80
19615-1.08%1,686.8529.80
19616-0.03%1,686.3829.80
196173.84%1,751.1130.00
19618-0.54%1,741.6329.90
196191.34%1,765.0230.00
1961104.77%1,849.2530.00
1961111.16%1,870.7530.00
196112-3.49%1,805.5230.00
196211.91%1,840.0030.00
196220.34%1,846.2730.10
19623-2.94%1,791.9030.10
19624-7.19%1,663.1530.20
19625-11.41%1,473.3430.20
196262.72%1,513.3730.20
196273.02%1,559.1230.30
19628-0.59%1,549.8730.30
19629-2.86%1,505.6030.40
1962107.20%1,614.0230.40
1962114.62%1,688.6530.40
1962124.15%1,758.6730.40
196311.60%1,786.7330.40
19632-0.11%1,784.8030.40
196334.98%1,873.6530.50
196342.27%1,916.1730.50
196350.22%1,920.3230.50
19636-1.22%1,896.8630.60
196373.03%1,954.3530.70
196382.89%2,010.9130.70
196390.50%2,020.9630.70
196310-0.31%2,014.7630.80
1963112.39%2,062.9830.80
1963123.33%2,131.6830.90
196411.48%2,163.2330.90
196422.07%2,208.0330.90
196431.69%2,245.4230.90
196441.22%2,272.8230.90
19645-0.35%2,264.8530.90
196463.96%2,354.5631.00
19647-1.23%2,325.7031.10
196481.97%2,371.4131.00
196491.97%2,418.1331.10
1964100.94%2,440.7931.10
196411-1.49%2,404.4131.20
1964122.82%2,472.2431.20
196510.98%2,496.3431.20
196520.34%2,504.7231.20
196531.56%2,543.7331.30
196541.73%2,587.8131.40
19655-4.51%2,471.1731.40
196560.10%2,473.7131.60
196572.12%2,526.1231.60
196583.60%2,616.9631.60
196592.50%2,682.3031.60
1965101.08%2,711.1631.70
196511-0.21%2,705.4231.70
1965121.98%2,759.0031.80
19661-0.43%2,747.1331.80
19662-3.86%2,641.0232.00
196633.32%2,728.7332.10
19664-5.01%2,592.0932.30
19665-0.56%2,577.5832.30
196660.02%2,578.0632.40
19667-5.77%2,429.3232.50
19668-3.22%2,350.9832.70
19669-0.56%2,337.7132.70
1966105.32%2,461.9832.90
1966110.72%2,479.6032.90
1966124.13%2,582.0232.90
196713.73%2,678.3332.90
196722.63%2,748.8732.90
196731.99%2,803.6433.00
196742.06%2,861.3333.10
19675-0.99%2,832.9533.20
196761.99%2,889.3933.30
196771.85%2,942.8933.40
196781.65%2,991.5733.50
196790.10%2,994.4833.60
196710-2.88%2,908.1933.70
1967113.11%2,998.6833.80
196712-0.02%2,998.1633.90
19681-4.26%2,870.5334.10
19682-1.56%2,825.7734.20
196837.66%3,042.2734.30
196842.56%3,120.0934.40
196852.94%3,211.8434.50
196860.05%3,213.4134.70
19687-1.93%3,151.2634.90
196883.51%3,261.8035.00
196892.72%3,350.4335.10
1968101.79%3,410.2635.30
1968111.29%3,454.0935.40
196812-3.99%3,316.4435.50
19691-0.24%3,308.5335.60
19692-1.91%3,245.2135.80
196932.27%3,319.0236.10
196943.51%3,435.6336.30
19695-4.97%3,264.8336.40
19696-4.21%3,127.5436.60
19697-0.28%3,118.6736.80
196980.63%3,138.2737.00
196991.35%3,180.5237.10
1969101.00%3,212.2537.30
196911-5.03%3,050.7537.50
196912-0.59%3,032.7837.70
19701-3.20%2,935.8537.80
197022.01%2,994.9338.00
19703-2.75%2,912.6438.20
19704-11.20%2,586.4538.50
19705-0.27%2,579.4738.60
197060.52%2,592.9538.80
197073.26%2,677.3739.00
197086.32%2,846.6139.00
197092.49%2,917.4839.20
1970100.21%2,923.5139.40
1970117.16%3,132.7939.60
1970124.11%3,261.5739.80
197114.15%3,396.9639.80
197122.83%3,493.1539.90
197133.67%3,621.4940.00
19714-1.11%3,581.3640.10
19715-1.60%3,524.2140.30
19716-0.46%3,507.9040.60
19717-1.52%3,454.6840.70
197182.49%3,540.5740.80
19719-1.86%3,474.5940.80
197110-4.37%3,322.7040.90
1971117.16%3,560.7240.90
1971124.42%3,718.2041.10
197212.09%3,795.7941.10
197222.62%3,895.2341.30
197231.26%3,944.2641.40
19724-0.78%3,913.6641.50
197250.52%3,933.8641.60
19726-0.50%3,914.0441.70
197273.78%4,062.1341.90
19728-1.21%4,012.9642.00
197290.42%4,029.7142.10
1972105.25%4,241.4442.30
1972112.31%4,339.4942.40
1972120.99%4,382.4242.50
19731-3.33%4,236.7042.60
19732-1.35%4,179.7042.90
19733-1.63%4,111.4343.30
19734-2.57%4,005.7843.60
19735-1.99%3,926.0743.90
197361.21%3,973.5944.20
19737-1.64%3,908.6044.30
197382.00%3,986.5945.10
197394.24%4,155.4445.20
197310-6.85%3,870.6745.60
197311-6.81%3,607.2645.90
1973121.70%3,668.6046.20
19741-2.47%3,577.8846.60
197424.57%3,741.5547.20
19743-4.82%3,561.3447.80
19744-2.71%3,464.9848.00
197450.46%3,480.8248.60
19746-11.35%3,085.8649.00
19747-3.76%2,969.6849.40
19748-10.01%2,672.3150.00
197492.38%2,735.8350.60
1974103.74%2,838.2451.10
197411-6.09%2,665.3451.50
1974128.63%2,895.4451.90
1975110.81%3,208.3652.10
197524.97%3,367.9352.50
197531.49%3,418.0252.70
197546.71%3,647.4552.90
197552.89%3,753.0353.20
197560.43%3,769.2553.60
19757-7.00%3,505.5454.20
19758-0.85%3,475.6554.30
197594.97%3,648.4354.60
1975102.04%3,722.9254.90
197511-1.18%3,679.0155.30
1975129.55%4,030.1855.50
197614.18%4,198.5755.60
197620.80%4,232.2555.80
197631.10%4,278.6255.90
19764-0.38%4,262.2256.10
197650.90%4,300.6056.50
197662.67%4,415.2356.80
19767-0.56%4,390.4857.10
197682.44%4,497.5157.40
19769-3.11%4,357.7257.60
197610-0.37%4,341.7457.90
1976113.79%4,506.1458.00
197612-0.54%4,481.9358.20
19771-2.37%4,375.7758.50
19772-0.05%4,373.4059.10
19773-1.19%4,321.2059.50
197740.06%4,323.9960.00
197750.90%4,362.8960.30
197761.28%4,418.8460.70
19777-2.08%4,326.9961.00
19778-1.18%4,276.1461.20
19779-2.20%4,182.1561.40
1977100.98%4,223.1861.60
197711-0.08%4,219.8061.90
197712-3.39%4,076.7362.10
19781-0.97%4,037.1162.50
197820.27%4,047.8362.90
197834.83%4,243.3463.40
197845.50%4,476.9163.90
197850.67%4,507.0764.50
19786-0.06%4,504.2665.20
197877.33%4,834.3465.70
197880.40%4,853.6666.00
19789-2.77%4,719.0466.50
197810-5.44%4,462.4467.10
1978111.92%4,548.2467.40
1978124.19%4,738.6067.70
19791-1.06%4,688.5268.30
197922.34%4,798.2869.10
197932.43%4,914.9269.80
19794-1.89%4,821.8870.60
197952.42%4,938.4671.50
197961.42%5,008.6372.30
197975.01%5,259.7873.10
197981.54%5,340.8073.80
19799-3.35%5,161.7574.60
197910-0.32%5,145.1175.20
1979114.40%5,371.7075.90
1979123.31%5,549.6376.70
198014.40%5,793.5877.80
19802-8.78%5,285.0378.90
19803-1.16%5,223.6280.10
198045.04%5,486.6981.00
198056.86%5,863.2281.80
198064.97%6,154.5982.70
198073.50%6,370.2982.70
198082.84%6,550.9483.30
198093.32%6,768.7484.00
1980104.61%7,081.1084.80
198011-1.24%6,992.9685.50
1980120.01%6,993.6586.30
19811-3.07%6,778.9487.00
198124.14%7,059.8187.90
198131.29%7,151.1588.50
19814-1.62%7,035.5089.10
198150.86%7,095.8389.80
19816-2.02%6,952.7690.60
198170.80%7,008.5691.60
19818-8.30%6,426.6692.30
198191.73%6,537.6793.20
1981103.04%6,736.6693.40
1981111.18%6,816.1193.70
198112-4.80%6,488.6594.00
19821-1.91%6,364.4794.30
19822-2.74%6,189.7994.60
198235.47%6,528.3394.50
198240.57%6,565.5294.90
19825-5.27%6,219.4795.80
198260.24%6,234.6497.00
198270.79%6,284.1497.50
1982812.10%7,044.3097.70
198298.88%7,669.9397.90
1982104.50%8,015.0798.20
1982111.36%8,123.7198.00
1982123.93%8,442.6397.60
198312.13%8,622.4697.80
198323.87%8,955.7797.90
198334.20%9,331.6897.90
198344.42%9,744.5198.60
198351.75%9,915.3899.20
198360.71%9,985.6099.50
19837-2.41%9,745.2399.90
198383.31%10,068.17100.20
198390.65%10,133.40100.70
198310-1.14%10,017.74101.00
198311-0.13%10,004.90101.20
1983121.58%10,162.57101.30
19841-5.11%9,643.04101.90
198420.44%9,685.70102.40
198430.51%9,734.82102.60
19844-0.25%9,710.24103.10
19845-1.85%9,530.76103.40
19846-0.91%9,444.18103.70
198479.21%10,313.66104.10
198481.41%10,458.77104.50
19849-0.41%10,415.64105.00
1984101.29%10,549.58105.30
198411-0.71%10,474.93105.30
1984124.70%10,967.00105.30
198515.79%11,601.70105.50
19852-0.48%11,546.21106.00
198531.02%11,664.52106.40
198542.74%11,983.62106.90
198552.51%12,284.53107.30
198562.25%12,560.59107.60
19857-1.85%12,328.80107.80
19858-1.88%12,096.41108.00
198591.50%12,277.32108.30
1985106.42%13,065.58108.70
1985115.29%13,757.34109.00
1985120.75%13,860.76109.30
198615.70%14,650.44109.60
198626.18%15,556.25109.30
198632.74%15,982.71108.80
198640.49%16,061.32108.60
198653.13%16,564.56108.90
19866-1.80%16,265.75109.50
198672.28%16,636.74109.50
19868-2.46%16,228.11109.70
19869-0.09%16,213.52110.20
1986103.53%16,786.34110.30
1986111.71%17,073.20110.40
1986126.67%18,212.56110.50
198716.46%19,389.44111.20
198724.38%20,238.00111.60
19873-0.86%20,064.68112.10
198740.17%20,099.36112.70
198754.50%21,003.51113.10
198763.12%21,659.26113.50
198776.45%23,057.16113.80
19878-3.03%22,358.43114.40
19879-11.85%19,708.08115.00
198710-12.30%17,283.32115.30
198711-1.33%17,052.64115.40
1987124.25%17,776.78115.40
198813.33%18,368.50115.70
198823.23%18,962.18116.00
19883-0.89%18,794.17116.50
19884-2.19%18,382.90117.10
198856.00%19,485.54117.50
19886-0.31%19,425.74118.00
19887-1.72%19,091.91118.50
198881.93%19,459.84119.00
198893.80%20,199.63119.80
198810-2.02%19,791.55120.20
1988112.33%20,251.89120.30
1988123.51%20,963.27120.50
198913.30%21,655.03121.10
19892-0.16%21,620.02121.60
198933.56%22,390.73122.30
198944.12%23,312.18123.10
198953.39%24,103.07123.80
198962.80%24,778.00124.10
198974.69%25,940.27124.40
198980.46%26,058.44124.60
198990.29%26,133.04125.00
198910-1.81%25,659.10125.60
1989112.74%26,361.31125.90
198912-2.21%25,778.41126.10
19901-2.53%25,126.94127.40
199022.71%25,807.17128.00
199030.20%25,857.74128.70
199043.85%26,853.51128.90
199053.17%27,704.75129.20
199060.17%27,751.77129.90
19907-7.86%25,570.14130.40
19908-4.34%24,460.13131.60
19909-2.32%23,893.69132.70
1990102.98%24,606.63133.50
1990114.59%25,735.24133.80
199012-0.69%25,558.91133.80
1991111.61%28,525.48134.60
199123.04%29,393.97134.80
199132.26%30,057.93135.00
19914-0.18%30,004.16135.20
199150.35%30,108.28135.60
199160.78%30,343.27136.00
199172.68%31,156.14136.20
19918-0.30%31,061.71136.60
199190.18%31,118.13137.20
1991100.02%31,123.05137.40
1991110.94%31,414.09137.80
1991127.36%33,725.55137.90
19921-0.60%33,522.91138.10
19922-1.01%33,183.53138.60
199230.26%33,271.24139.30
199242.07%33,959.40139.50
19925-1.33%33,508.04139.70
199261.91%34,148.76140.20
199270.94%34,470.34140.50
199280.38%34,600.71140.90
19929-1.18%34,191.71141.30
1992102.76%35,134.34141.80
1992113.27%36,283.65142.00
1992120.14%36,335.50141.90
199311.72%36,962.01142.60
199322.15%37,756.75143.10
19933-1.34%37,250.15143.60
199340.72%37,520.12144.00
199350.87%37,844.73144.20
199360.06%37,867.82144.40
199371.76%38,535.23144.40
199381.35%39,057.37144.80
199391.24%39,542.42145.10
1993100.01%39,545.41145.70
1993110.89%39,896.25145.80
1993121.74%40,588.80145.80
19941-0.08%40,558.07146.20
19942-1.42%39,980.60146.70
19943-3.35%38,642.70147.20
199441.06%39,051.63147.40
199451.11%39,484.36147.50
19946-0.52%39,279.48148.00
199473.08%40,490.11148.40
199480.82%40,821.10149.00
19949-0.44%40,639.85149.40
199410-0.37%40,489.53149.50
199411-1.03%40,074.23149.70
1994122.45%41,056.52149.70
199513.82%42,624.50150.30
199522.56%43,714.91150.90
199533.22%45,120.59151.40
199543.35%46,631.12151.90
199553.18%48,113.25152.20
199563.55%49,820.06152.50
199570.51%50,075.70152.50
199583.72%51,937.34152.90
199590.91%52,411.31153.20
1995102.36%53,647.37153.70
1995113.39%55,465.55153.60
1995120.16%55,555.73153.50
199615.90%58,835.96154.40
19962-0.20%58,717.87154.90
199630.20%58,833.57155.70
199642.35%60,219.00156.30
199651.28%60,988.96156.60
19966-3.48%58,868.64156.70
199673.08%60,679.29157.00
199682.02%61,907.27157.30
199694.12%64,457.54157.80
1996105.05%67,713.99158.30
1996111.20%68,525.36158.60
1996123.26%70,757.60158.60
199714.36%73,843.45159.10
19972-0.62%73,382.90159.60
19973-3.41%70,884.03160.00
199749.22%77,418.00160.20
199755.34%81,549.67160.10
199765.74%86,227.29160.30
199770.35%86,527.18160.50
199781.19%87,558.59160.80
199791.65%88,999.26161.20
199710-1.15%87,973.95161.60
1997112.63%90,291.73161.50
1997120.24%90,505.80161.30
199816.40%96,300.12161.60
199825.31%101,416.43161.90
199833.41%104,870.34162.20
19984-0.22%104,637.68162.50
199850.12%104,759.54162.80
199864.47%109,439.84163.00
19987-6.97%101,810.78163.20
19988-4.90%96,823.63163.40
199891.29%98,073.49163.60
19981010.97%108,836.45164.00
1998114.10%113,303.21164.00
1998125.05%119,022.40163.90
19991-0.07%118,943.00164.30
199922.92%122,420.31164.50
199934.25%127,623.20165.00
19994-0.10%127,497.07166.20
19995-0.61%126,717.09166.20
199964.52%132,447.72166.20
19997-3.77%127,448.64166.70
19998-0.60%126,686.47167.10
19999-1.27%125,074.42167.90
1999107.11%133,962.15168.20
1999112.81%137,724.78168.30
199912-0.12%137,560.98168.30
20001-2.48%134,152.12168.80
200023.94%139,438.99169.80
200031.42%141,425.53171.20
20004-2.84%137,410.75171.30
200053.16%141,757.71171.50
200060.85%142,963.14172.40
200070.94%144,306.58172.80
20008-1.08%142,748.57172.80
20009-5.21%135,305.33173.70
200010-0.77%134,260.01174.00
200011-3.32%129,802.48174.10
2000120.46%130,393.09174.00
20011-2.14%127,607.56175.10
20012-9.08%116,020.92175.80
200130.45%116,541.50176.20
200146.88%124,558.77176.90
20015-2.39%121,583.50177.70
20016-2.66%118,349.10178.00
20017-2.05%115,927.87177.50
20018-11.25%102,889.08177.50
200193.18%106,165.10178.30
2001105.05%111,529.78177.70
2001111.47%113,164.86177.40
200112-0.30%112,827.98176.70
20021-3.35%109,045.12177.10
200224.95%114,437.70177.80
20023-3.51%110,415.86178.80
20024-2.82%107,301.73179.80
20025-5.92%100,948.44179.80
20026-10.76%90,087.90179.90
200271.14%91,113.81180.10
20028-4.76%86,778.86180.70
20029-1.37%85,592.56181.00
2002106.63%91,263.56181.30
200211-1.04%90,318.92181.30
200212-0.22%90,117.95180.90
20031-6.41%84,337.03181.70
200321.31%85,440.07183.10
200335.29%89,956.31184.20
200345.31%94,734.98183.80
200355.70%100,138.84183.50
200360.60%100,735.57183.70
20037-0.17%100,568.02183.90
200383.16%103,747.16184.60
200392.03%105,850.98185.20
2003101.21%107,132.39185.00
2003113.06%110,414.73184.50
2003124.93%115,863.65184.30
200411.09%117,122.70185.20
20042-1.57%115,289.50186.20
200430.97%116,405.66187.40
20044-2.56%113,420.72188.00
200452.86%116,661.92189.10
20046-2.24%114,050.12189.70
20047-1.39%112,467.59189.40
200482.78%115,597.14189.50
200490.10%115,715.74189.90
2004104.77%121,239.89190.90
2004112.73%124,546.64191.00
200412-1.35%122,866.23190.30
200511.68%124,931.87190.70
20052-0.26%124,612.56191.80
20053-2.41%121,610.74193.30
200541.34%123,235.30194.60
200552.18%125,922.69194.40
200561.81%128,199.11194.50
200570.31%128,596.55195.40
200580.28%128,956.22196.40
20059-2.62%125,572.13198.80
2005103.96%130,546.72199.20
2005112.14%133,345.82197.60
2005121.47%135,301.69196.80
20061-0.02%135,279.18198.30
200621.49%137,289.61198.70
200630.80%138,385.64199.80
20064-0.79%137,297.05201.50
20065-2.71%133,582.07202.50
200660.72%134,543.92202.90
200672.29%137,627.34203.50
200682.53%141,110.93203.90
200693.62%146,213.38202.90
2006102.00%149,140.05201.80
2006112.15%152,343.97201.50
2006120.69%153,399.45201.80
200711.60%155,847.78202.42
20072-2.47%151,992.28203.50
200734.18%158,345.95205.35
200743.39%163,716.65206.69
200750.34%164,281.31207.95
200760.57%165,225.30208.35
20077-4.20%158,284.01208.30
200783.07%163,150.84207.92
200792.99%168,031.71208.49
200710-4.81%159,955.59208.94
2007111.24%161,936.19210.18
200712-6.64%151,191.41210.04
20081-1.56%148,826.82211.08
20082-2.63%144,917.69211.69
200834.24%151,067.71213.53
200842.56%154,938.97214.82
20085-4.25%148,359.36216.63
20086-6.08%139,341.38218.82
200872.11%142,282.23219.96
20088-4.85%135,385.05219.09
20089-20.19%108,045.95218.78
200810-8.61%98,748.22216.57
200811-0.35%98,401.40212.43
200812-1.10%97,323.36210.23
20091-6.70%90,800.25211.14
20092-5.69%85,636.05212.19
2009312.32%96,187.91212.71
200946.66%102,593.85213.24
200952.87%105,537.12213.86
200961.28%106,885.51215.69
200978.12%115,565.41215.35
200983.65%119,783.95215.83
200992.40%122,662.48215.97
2009102.09%125,231.44216.18
2009112.23%128,018.91216.33
2009121.36%129,756.08215.95
20101-2.90%125,995.14216.69
201025.94%133,483.07216.74
201034.09%138,939.77217.63
20104-5.88%130,766.78218.01
20105-3.54%126,132.98218.18
20106-0.16%125,932.33217.97
201070.86%127,019.90218.01
201083.37%131,301.94218.31
201094.58%137,312.20218.44
2010102.49%140,732.53218.71
2010113.71%145,958.96218.80
2010123.46%151,012.34219.18
201113.15%155,770.54220.22
20112-1.11%154,037.65221.31
201132.22%157,458.80223.47
201140.66%158,496.82224.91
20115-3.66%152,691.72225.96
201163.10%157,427.81225.72
20117-10.40%141,054.30225.92
20118-0.79%139,941.04226.55
201193.02%144,165.73226.89
2011101.77%146,713.31226.42
2011111.55%148,994.34226.23
2011124.78%156,120.08225.67
201214.16%162,618.75226.67
201222.88%167,308.41227.66
20123-0.04%167,244.48229.39
20124-3.09%162,075.03230.09
20125-1.15%160,207.26229.82
201262.92%164,887.05229.48
201273.39%170,472.93229.10
201283.02%175,623.20230.38
20129-0.22%175,241.86231.41
201210-2.84%170,269.39231.32
2012112.18%173,973.66230.22
2012124.27%181,400.18229.60
201312.33%185,632.28230.28
201322.72%190,686.04232.17
201331.45%193,458.21232.77
201344.57%202,307.52232.53
20135-1.12%200,046.17232.95
201363.25%206,556.63233.50
201370.25%207,078.24233.60
201381.19%209,547.58233.88
201392.12%213,984.86234.15
2013103.86%222,244.66233.55
2013111.52%225,626.47233.07
2013120.97%227,810.10233.05
20141-0.13%227,513.87233.92
201422.72%233,707.41234.78
201430.20%234,178.85236.29
201441.53%237,766.55237.07
201453.20%245,366.33237.90
201461.50%249,036.57238.34
20147-0.43%247,973.31238.25
201481.78%252,382.36237.85
20149-2.65%245,702.85238.03
2014105.71%259,721.80237.43
2014110.63%261,368.14236.15
201412-1.11%258,466.84234.81
201512.83%265,774.72233.71
201520.06%265,921.87234.72
201530.88%268,257.75236.12
201540.98%270,883.73236.60
20155-0.44%269,704.04237.81
20156-0.08%269,489.27238.64
20157-2.42%262,955.78238.65
20158-4.51%251,104.11238.32
201594.32%261,944.57237.95
2015102.93%269,626.02237.84
201511-1.10%266,652.13237.34
201512-6.42%249,534.07236.53
20161-0.55%248,161.86236.92
201626.36%263,951.72237.11
201632.83%271,424.88238.13
20164-0.30%270,598.76239.26
201651.07%273,484.67240.23
201663.30%282,502.66241.02
201671.20%285,890.59240.63
20168-0.44%284,636.47240.85
20169-0.51%283,196.26241.43
2016101.20%286,597.91241.73
2016113.95%297,906.96241.35
2016121.44%302,189.77241.43
201712.58%309,975.52242.84
201721.75%315,397.79243.60
20173-0.15%314,912.07243.80
201741.69%320,241.55244.52
201751.78%325,930.42244.73
201760.99%329,150.23244.96
201770.25%329,965.88244.79
201781.65%335,421.09245.52
201792.73%344,594.18246.82
2017101.59%350,071.74246.66
2017112.88%360,166.01246.67
2017124.86%377,676.92246.52
20181-2.89%366,774.57247.87
201820.06%367,011.42248.99
20183-1.66%360,904.46249.55
201841.96%367,984.04250.55
201852.11%375,759.43251.59
201861.58%381,699.21251.99
201872.45%391,053.92252.01
201881.68%397,622.64252.15
20189-3.85%382,318.20252.44
201810-2.08%374,380.86252.89
201811-5.56%353,555.88252.04
2018121.74%359,692.32251.23
201915.83%380,658.43251.71
201921.95%388,073.74252.78
201933.72%402,522.58254.20
20194-1.53%396,356.79255.55
201951.40%401,924.61256.09
201963.83%417,307.64256.14
20197-3.13%404,227.49256.57
201983.09%416,698.83256.56
201990.01%416,739.68256.76
2019104.43%435,216.63257.35
2019112.47%445,963.52257.21
2019123.35%460,887.24256.97
202010.12%461,449.87257.97
20202-18.92%374,154.13258.68
202034.32%390,312.40258.12
202045.89%413,291.52256.39
202056.51%440,189.66256.39
202063.48%455,492.56257.80
202075.89%482,337.04259.10
20208-0.63%479,312.77259.92
202091.73%487,585.72260.28
2020103.95%506,865.43260.39
2020114.26%528,458.30260.23
2020122.80%543,230.29260.47
202112.49%556,765.03261.58
202120.82%561,338.06263.01
202136.02%595,138.96264.88
202140.76%599,663.39267.05
202151.81%610,519.84269.20
202163.07%629,251.81271.70
202172.19%643,001.98273.00
20218-0.08%642,458.66273.57
202190.45%645,363.70274.31
2021104.74%675,984.56276.59
2021110.27%677,778.64277.95
202112-2.05%663,870.94278.80
20221-2.90%644,601.63281.15
20222-0.89%638,848.02283.72
202230.12%639,603.79287.50
20224-7.87%589,249.51289.11
20225-3.37%569,395.42292.30
202260.46%572,041.32296.31
202276.45%608,923.08296.28
20228-7.28%564,609.28296.17
20229-3.09%547,156.22296.81
2022105.29%576,073.94298.01
2022110.01%576,136.37297.71
2022121.38%584,066.64296.80
Click to show 774 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 $1,000.00 up-front. Instead, the capital is invested over a period of time.

Consider a strategy in which $1,000.00 was invested in the S&P 500 over a period of no more than 24 months beginning in 1957. This would result in a final amount of $566,043.30, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $584,066.64).

YearMonthContribution ($)Amount ($)
1957141.6639.86
1957241.6682.71
1957341.66127.52
1957441.66176.08
1957541.66221.87
1957641.66269.52
1957741.66294.86
1957841.66323.80
1957941.66343.77
19571041.66378.35
19571141.66421.19
19571241.66473.47
1958141.66518.60
1958241.66573.66
1958341.66620.69
1958441.66685.77
1958541.66747.19
1958641.66812.94
1958741.66889.12
1958841.66958.05
1958941.661,043.17
19581041.661,120.79
19581141.661,187.47
19581241.821,281.48
19591-1,265.27
19592-1,300.78
19593-1,325.97
19594-1,349.37
19595-1,341.19
19596-1,397.89
19597-1,393.44
19598-1,341.84
19599-1,344.21
195910-1,353.20
195911-1,400.07
195912-1,379.27
19601-1,329.48
19602-1,315.15
19603-1,335.99
19604-1,327.64
19605-1,380.59
19606-1,350.27
19607-1,370.40
19608-1,333.12
19609-1,310.80
196010-1,357.21
196011-1,393.73
196012-1,469.37
19611-1,533.64
19612-1,585.74
19613-1,632.03
19614-1,652.65
19615-1,634.79
19616-1,634.34
19617-1,697.08
19618-1,687.88
19619-1,710.55
196110-1,792.18
196111-1,813.03
196112-1,749.80
19621-1,783.22
19622-1,789.30
19623-1,736.60
19624-1,611.83
19625-1,427.87
19626-1,466.67
19627-1,511.01
19628-1,502.05
19629-1,459.14
196210-1,564.21
196211-1,636.54
196212-1,704.40
19631-1,731.60
19632-1,729.72
19633-1,815.83
19634-1,857.04
19635-1,861.06
19636-1,838.32
19637-1,894.05
19638-1,948.85
19639-1,958.59
196310-1,952.59
196311-1,999.32
196312-2,065.90
19641-2,096.48
19642-2,139.90
19643-2,176.13
19644-2,202.68
19645-2,194.96
19646-2,281.90
19647-2,253.93
19648-2,298.23
19649-2,343.51
196410-2,365.47
196411-2,330.22
196412-2,395.95
19651-2,419.31
19652-2,427.43
19653-2,465.24
19654-2,507.95
19655-2,394.91
19656-2,397.37
19657-2,448.16
19658-2,536.20
19659-2,599.53
196510-2,627.50
196511-2,621.94
196512-2,673.86
19661-2,662.35
19662-2,559.53
19663-2,644.53
19664-2,512.10
19665-2,498.04
19666-2,498.50
19667-2,354.35
19668-2,278.43
19669-2,265.57
196610-2,386.01
196611-2,403.09
196612-2,502.34
19671-2,595.68
19672-2,664.04
19673-2,717.12
19674-2,773.03
19675-2,745.53
19676-2,800.23
19677-2,852.08
19678-2,899.25
19679-2,902.08
196710-2,818.45
196711-2,906.15
196712-2,905.64
19681-2,781.95
19682-2,738.57
19683-2,948.39
19684-3,023.80
19685-3,112.73
19686-3,114.25
19687-3,054.02
19688-3,161.15
19689-3,247.04
196810-3,305.02
196811-3,347.50
196812-3,214.10
19691-3,206.43
19692-3,145.07
19693-3,216.60
19694-3,329.61
19695-3,164.09
19696-3,031.03
19697-3,022.43
19698-3,041.43
19699-3,082.38
196910-3,113.12
196911-2,956.61
196912-2,939.19
19701-2,845.26
19702-2,902.51
19703-2,822.76
19704-2,506.64
19705-2,499.87
19706-2,512.93
19707-2,594.75
19708-2,758.77
19709-2,827.45
197010-2,833.30
197011-3,036.12
197012-3,160.92
19711-3,292.13
19712-3,385.36
19713-3,509.73
19714-3,470.85
19715-3,415.46
19716-3,399.65
19717-3,348.07
19718-3,431.32
19719-3,367.37
197110-3,220.16
197111-3,450.84
197112-3,603.46
19721-3,678.66
19722-3,775.03
19723-3,822.55
19724-3,792.89
19725-3,812.47
19726-3,793.26
19727-3,936.78
19728-3,889.13
19729-3,905.36
197210-4,110.56
197211-4,205.58
197212-4,247.18
19731-4,105.96
19732-4,050.72
19733-3,984.56
19734-3,882.17
19735-3,804.92
19736-3,850.97
19737-3,787.99
19738-3,863.57
19739-4,027.21
197310-3,751.23
197311-3,495.94
197312-3,555.39
19741-3,467.47
19742-3,626.10
19743-3,451.44
19744-3,358.05
19745-3,373.41
19746-2,990.63
19747-2,878.04
19748-2,589.85
19749-2,651.41
197410-2,750.66
197411-2,583.09
197412-2,806.09
19751-3,109.36
19752-3,264.00
19753-3,312.54
19754-3,534.90
19755-3,637.22
19756-3,652.93
19757-3,397.37
19758-3,368.40
19759-3,535.85
197510-3,608.04
197511-3,565.48
197512-3,905.81
19761-4,069.00
19762-4,101.65
19763-4,146.59
19764-4,130.69
19765-4,167.89
19766-4,278.98
19767-4,254.99
19768-4,358.73
19769-4,223.25
197610-4,207.76
197611-4,367.09
197612-4,343.63
19771-4,240.74
19772-4,238.45
19773-4,187.85
19774-4,190.55
19775-4,228.26
19776-4,282.48
19777-4,193.47
19778-4,144.18
19779-4,053.10
197710-4,092.86
197711-4,089.58
197712-3,950.93
19781-3,912.53
19782-3,922.92
19783-4,112.40
19784-4,338.76
19785-4,367.99
19786-4,365.26
19787-4,685.16
19788-4,703.88
19789-4,573.42
197810-4,324.73
197811-4,407.89
197812-4,592.38
19791-4,543.84
19792-4,650.21
19793-4,763.26
19794-4,673.09
19795-4,786.07
19796-4,854.07
19797-5,097.47
19798-5,175.99
19799-5,002.47
197910-4,986.34
197911-5,205.93
197912-5,378.38
19801-5,614.80
19802-5,121.95
19803-5,062.43
19804-5,317.38
19805-5,682.29
19806-5,964.67
19807-6,173.71
19808-6,348.79
19809-6,559.87
198010-6,862.59
198011-6,777.17
198012-6,777.84
19811-6,569.75
19812-6,841.96
19813-6,930.48
19814-6,818.39
19815-6,876.87
19816-6,738.21
19817-6,792.29
19818-6,228.35
19819-6,335.93
198110-6,528.77
198111-6,605.77
198112-6,288.42
19821-6,168.07
19822-5,998.78
19823-6,326.88
19824-6,362.92
19825-6,027.55
19826-6,042.25
19827-6,090.22
19828-6,826.92
19829-7,433.25
198210-7,767.74
198211-7,873.03
198212-8,182.10
19831-8,356.38
19832-8,679.41
19833-9,043.72
19834-9,443.81
19835-9,609.41
19836-9,677.46
19837-9,444.50
19838-9,757.48
19839-9,820.70
198310-9,708.60
198311-9,696.17
198312-9,848.97
19841-9,345.47
19842-9,386.81
19843-9,434.42
19844-9,410.59
19845-9,236.66
19846-9,152.75
19847-9,995.40
19848-10,136.03
19849-10,094.23
198410-10,224.03
198411-10,151.69
198412-10,628.58
19851-11,243.69
19852-11,189.91
19853-11,304.57
19854-11,613.83
19855-11,905.45
19856-12,172.99
19857-11,948.36
19858-11,723.13
19859-11,898.46
198510-12,662.40
198511-13,332.81
198512-13,433.04
19861-14,198.35
19862-15,076.21
19863-15,489.51
19864-15,565.69
19865-16,053.40
19866-15,763.81
19867-16,123.36
19868-15,727.33
19869-15,713.20
198610-16,268.34
198611-16,546.35
198612-17,650.55
19871-18,791.11
19872-19,613.49
19873-19,445.51
19874-19,479.12
19875-20,355.38
19876-20,990.89
19877-22,345.65
19878-21,668.48
19879-19,099.92
198710-16,749.98
198711-16,526.42
198712-17,228.22
19881-17,801.67
19882-18,377.03
19883-18,214.21
19884-17,815.63
19885-18,884.25
19886-18,826.29
19887-18,502.76
19888-18,859.34
19889-19,576.30
198810-19,180.81
198811-19,626.95
198812-20,316.38
19891-20,986.79
19892-20,952.86
19893-21,699.79
19894-22,592.80
19895-23,359.29
19896-24,013.39
19897-25,139.80
19898-25,254.32
19899-25,326.61
198910-24,867.30
198911-25,547.85
198912-24,982.93
19901-24,351.56
19902-25,010.80
19903-25,059.82
19904-26,024.85
19905-26,849.83
19906-26,895.40
19907-24,781.09
19908-23,705.33
19909-23,156.37
199010-23,847.31
199011-24,941.09
199012-24,770.20
19911-27,645.23
19912-28,486.92
19913-29,130.39
19914-29,078.28
19915-29,179.19
19916-29,406.92
19917-30,194.72
19918-30,103.20
19919-30,157.88
199110-30,162.64
199111-30,444.70
199112-32,684.83
19921-32,488.45
19922-32,159.54
19923-32,244.54
19924-32,911.47
19925-32,474.04
19926-33,094.98
19927-33,406.65
19928-33,532.99
19929-33,136.61
199210-34,050.15
199211-35,164.00
199212-35,214.25
19931-35,821.43
19932-36,591.64
19933-36,100.68
19934-36,362.31
19935-36,676.91
19936-36,699.28
19937-37,346.09
19938-37,852.12
19939-38,322.21
199310-38,325.10
199311-38,665.11
199312-39,336.29
19941-39,306.52
19942-38,746.86
19943-37,450.25
19944-37,846.56
19945-38,265.94
19946-38,067.38
19947-39,240.65
19948-39,561.43
19949-39,385.77
199410-39,240.09
199411-38,837.60
199412-39,789.58
19951-41,309.18
19952-42,365.94
19953-43,728.24
19954-45,192.16
19955-46,628.55
19956-48,282.69
19957-48,530.44
19958-50,334.64
19959-50,793.98
199510-51,991.90
199511-53,753.98
199512-53,841.37
19961-57,020.37
19962-56,905.94
19963-57,018.07
19964-58,360.74
19965-59,106.94
19966-57,052.05
19967-58,806.83
19968-59,996.92
19969-62,468.49
199610-65,624.45
199611-66,410.78
199612-68,574.13
19971-71,564.77
19972-71,118.43
19973-68,696.67
19974-75,029.01
19975-79,033.18
19976-83,566.46
19977-83,857.10
19978-84,856.68
19979-86,252.89
199710-85,259.22
199711-87,505.47
199712-87,712.94
19981-93,328.46
19982-98,286.88
19983-101,634.22
19984-101,408.73
19985-101,526.83
19986-106,062.71
19987-98,669.07
19988-93,835.82
19989-95,047.10
199810-105,477.94
199811-109,806.86
199812-115,349.57
19991-115,272.62
19992-118,642.62
19993-123,684.96
19994-123,562.72
19995-122,806.81
19996-128,360.60
19997-123,515.78
19998-122,777.14
19999-121,214.83
199910-129,828.30
199911-133,474.82
199912-133,316.08
20001-130,012.40
20002-135,136.13
20003-137,061.37
20004-133,170.48
20005-137,383.30
20006-138,551.53
20007-139,853.51
20008-138,343.58
20009-131,130.03
200010-130,116.97
200011-125,796.99
200012-126,369.38
20011-123,669.80
20012-112,440.70
20013-112,945.22
20014-120,715.09
20015-117,831.63
20016-114,697.04
20017-112,350.52
20018-99,714.10
20019-102,889.02
200110-108,088.16
200111-109,672.78
200112-109,346.30
20021-105,680.17
20022-110,906.34
20023-107,008.61
20024-103,990.57
20025-97,833.33
20026-87,307.93
20027-88,302.19
20028-84,101.01
20029-82,951.31
200210-88,447.32
200211-87,531.83
200212-87,337.06
20031-81,734.53
20032-82,803.53
20033-87,180.41
20034-91,811.62
20035-97,048.72
20036-97,627.04
20037-97,464.66
20038-100,545.69
20039-102,584.59
200310-103,826.46
200311-107,007.51
200312-112,288.29
20041-113,508.48
20042-111,731.85
20043-112,813.57
20044-109,920.74
20045-113,061.92
20046-110,530.72
20047-108,997.03
20048-112,030.00
20049-112,144.94
200410-117,498.62
200411-120,703.34
200412-119,074.78
20051-121,076.67
20052-120,767.22
20053-117,858.03
20054-119,432.46
20055-122,036.92
20056-124,243.10
20057-124,628.27
20058-124,976.85
20059-121,697.18
200510-126,518.27
200511-129,230.98
200512-131,126.50
20061-131,104.68
20062-133,053.08
20063-134,115.29
20064-133,060.29
20065-129,459.95
20066-130,392.12
20067-133,380.39
20068-136,756.48
20069-141,701.47
200610-144,537.83
200611-147,642.89
200612-148,665.80
20071-151,038.57
20072-147,302.04
20073-153,459.65
20074-158,664.62
20075-159,211.86
20076-160,126.72
20077-153,399.63
20078-158,116.27
20079-162,846.53
200710-155,019.62
200711-156,939.11
200712-146,525.89
20081-144,234.27
20082-140,445.76
20083-146,406.00
20084-150,157.81
20085-143,781.24
20086-135,041.53
20087-137,891.63
20088-131,207.29
20089-104,711.83
200810-95,701.01
200811-95,364.90
200812-94,320.12
20091-87,998.31
20092-82,993.46
20093-93,219.71
20094-99,427.97
20095-102,280.42
20096-103,587.20
20097-111,999.25
20098-116,087.61
20099-118,877.32
200910-121,367.00
200911-124,068.46
200912-125,752.02
20101-122,107.14
20102-129,364.01
20103-134,652.32
20104-126,731.53
20105-122,240.72
20106-122,046.27
20107-123,100.27
20108-127,250.17
20109-133,074.97
201010-136,389.75
201011-141,454.91
201012-146,352.35
20111-150,963.72
20112-149,284.30
20113-152,599.88
20114-153,605.87
20115-147,979.90
20116-152,569.85
20117-136,701.60
20118-135,622.69
20119-139,717.01
201110-142,185.98
201111-144,396.62
201112-151,302.47
20121-157,600.60
20122-162,145.54
20123-162,083.59
20124-157,073.66
20125-155,263.53
20126-159,798.91
20127-165,212.42
20128-170,203.76
20129-169,834.19
201210-165,015.15
201211-168,605.12
201212-175,802.47
20131-179,903.98
20132-184,801.78
20133-187,488.41
20134-196,064.64
20135-193,873.08
20136-200,182.63
20137-200,688.15
20138-203,081.29
20139-207,381.64
201310-215,386.56
201311-218,664.01
201312-220,780.26
20141-220,493.16
20142-226,495.58
20143-226,952.48
20144-230,429.47
20145-237,794.73
20146-241,351.71
20147-240,321.26
20148-244,594.25
20149-238,120.86
201410-251,707.21
201411-253,302.75
201412-250,490.97
20151-257,573.35
20152-257,715.95
20153-259,979.76
20154-262,524.71
20155-261,381.41
20156-261,173.27
20157-254,841.40
20158-243,355.45
20159-253,861.40
201510-261,305.80
201511-258,423.68
201512-241,833.86
20161-240,503.99
20162-255,806.60
20163-263,049.16
20164-262,248.53
20165-265,045.38
20166-273,785.09
20167-277,068.48
20168-275,853.06
20169-274,457.29
201610-277,753.97
201611-288,714.04
201612-292,864.69
20171-300,410.19
20172-305,665.13
20173-305,194.40
20174-310,359.43
20175-315,872.74
20176-318,993.19
20177-319,783.68
20178-325,070.54
20179-333,960.57
201710-339,269.10
201711-349,051.88
201712-366,022.43
20181-355,456.51
20182-355,686.05
20183-349,767.54
20184-356,628.65
20185-364,164.11
20186-369,920.60
20187-378,986.64
20188-385,352.65
20189-370,520.48
201810-362,828.08
201811-342,645.72
201812-348,592.81
20191-368,911.94
20192-376,098.43
20193-390,101.40
20194-384,125.87
20195-389,521.87
20196-404,430.21
20197-391,753.70
20198-403,840.19
20199-403,879.78
201910-421,786.56
201911-432,201.82
201912-446,665.01
20201-447,210.29
20202-362,608.35
20203-378,268.00
20204-400,538.02
20205-426,606.13
20206-441,436.81
20207-467,452.91
20208-464,521.97
20209-472,539.62
202010-491,224.39
202011-512,150.95
202012-526,467.10
20211-539,584.18
20212-544,016.09
20213-576,773.95
20214-581,158.77
20215-591,680.20
20216-609,834.14
20217-623,160.00
20218-622,633.44
20219-625,448.84
202110-655,124.78
202111-656,863.51
202112-643,384.98
20221-624,710.28
20222-619,134.22
20223-619,866.66
20224-571,066.23
20225-551,824.81
20226-554,389.06
20227-590,132.71
20228-547,186.37
20229-530,271.88
202210-558,297.25
202211-558,357.75
202212-566,043.30
Click to show 774 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 1957 to 2022
Start Value
Average monthly close
$45.43
End Value
Average monthly close
$4,573.82
Change in price+9,967.83%
+7.35% / yr
Change incl. dividends+58,306.66%
+10.13% / yr
Change incl. dividends, inflation-adjusted+5,508.05%
+6.29% / yr
Final amount, nominal
($1000 base)
$584,066.64
Final amount, inflation-adjusted
($1000 base)
$56,080.46