S&P 500: $10000 in 1957 → $5,840,666.40 in 2022

$

Stock market returns between 1957 and 2022

If you invested $10000 in the S&P 500 at the beginning of 1957, you would have about $5,840,666.40 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 $5,660,586.77.

The graph below shows the performance of $10000 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 $10000 is $5,830,666.40, or 58,306.66%. This means by 2022 you would have $5,840,666.40 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 $5,840,666.40 nominal end value of the original $10000 investment would have a real return of roughly $550,804.56 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 $10000 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%9,600.4227.60
195721.62%9,756.0027.70
195732.64%10,013.9527.80
195744.16%10,430.5527.90
195751.95%10,634.3828.00
195762.32%10,881.3328.10
19577-5.21%10,314.9428.30
19578-3.74%9,929.2228.30
19579-5.90%9,343.7328.30
195710-1.80%9,175.5028.30
1957110.32%9,204.6928.40
1957122.33%9,419.0428.40
195810.70%9,485.1528.60
195822.42%9,714.5928.60
195830.90%9,801.6728.80
195843.56%10,150.4028.90
195852.74%10,428.0328.90
195863.07%10,748.2528.90
195874.05%11,184.0229.00
195882.94%11,513.2528.90
195894.36%12,015.1128.90
1958103.33%12,414.7628.90
1958112.16%12,683.2329.00
1958124.25%13,222.8628.90
19591-1.27%13,055.5829.00
195922.81%13,421.9528.90
195931.94%13,681.8528.90
195941.77%13,923.4029.00
19595-0.61%13,838.9829.00
195964.23%14,424.0429.10
19597-0.32%14,378.1029.20
19598-3.70%13,845.6429.20
195990.18%13,870.1129.30
1959100.67%13,962.9229.40
1959113.46%14,446.4729.40
195912-1.49%14,231.8329.40
19601-3.61%13,718.1729.30
19602-1.08%13,570.2629.40
196031.58%13,785.2529.40
19604-0.62%13,699.1629.50
196053.99%14,245.5029.50
19606-2.20%13,932.6529.60
196071.49%14,140.3629.60
19608-2.72%13,755.6429.60
19609-1.67%13,525.3729.60
1960103.54%14,004.2929.80
1960112.69%14,381.0929.80
1960125.43%15,161.5529.80
196114.37%15,824.7329.80
196123.40%16,362.3029.80
196132.92%16,839.9229.80
196141.26%17,052.6729.80
19615-1.08%16,868.4729.80
19616-0.03%16,863.7529.80
196173.84%17,511.1530.00
19618-0.54%17,416.2929.90
196191.34%17,650.2030.00
1961104.77%18,492.4730.00
1961111.16%18,707.5430.00
196112-3.49%18,055.1930.00
196211.91%18,399.9530.00
196220.34%18,462.6930.10
19623-2.94%17,918.9830.10
19624-7.19%16,631.4830.20
19625-11.41%14,733.3830.20
196262.72%15,133.7330.20
196273.02%15,591.2330.30
19628-0.59%15,498.7230.30
19629-2.86%15,056.0330.40
1962107.20%16,140.1930.40
1962114.62%16,886.4830.40
1962124.15%17,586.7130.40
196311.60%17,867.3130.40
19632-0.11%17,847.9630.40
196334.98%18,736.4730.50
196342.27%19,161.7030.50
196350.22%19,203.2130.50
19636-1.22%18,968.5730.60
196373.03%19,543.5430.70
196382.89%20,109.0530.70
196390.50%20,209.5730.70
196310-0.31%20,147.6230.80
1963112.39%20,629.8230.80
1963123.33%21,316.8330.90
196411.48%21,632.3030.90
196422.07%22,080.3230.90
196431.69%22,454.1630.90
196441.22%22,728.1830.90
19645-0.35%22,648.4830.90
196463.96%23,545.6031.00
19647-1.23%23,257.0131.10
196481.97%23,714.1131.00
196491.97%24,181.3231.10
1964100.94%24,407.8931.10
196411-1.49%24,044.1331.20
1964122.82%24,722.3731.20
196510.98%24,963.4231.20
196520.34%25,047.1931.20
196531.56%25,437.3431.30
196541.73%25,878.0731.40
19655-4.51%24,711.6531.40
196560.10%24,737.0831.60
196572.12%25,261.1531.60
196583.60%26,169.5731.60
196592.50%26,822.9831.60
1965101.08%27,111.5931.70
196511-0.21%27,054.2231.70
1965121.98%27,590.0131.80
19661-0.43%27,471.2631.80
19662-3.86%26,410.2332.00
196633.32%27,287.3032.10
19664-5.01%25,920.8732.30
19665-0.56%25,775.8332.30
196660.02%25,780.5832.40
19667-5.77%24,293.1832.50
19668-3.22%23,509.7632.70
19669-0.56%23,377.0732.70
1966105.32%24,619.8132.90
1966110.72%24,796.0432.90
1966124.13%25,820.1932.90
196713.73%26,783.2832.90
196722.63%27,488.6832.90
196731.99%28,036.3933.00
196742.06%28,613.2933.10
19675-0.99%28,329.4933.20
196761.99%28,893.9333.30
196771.85%29,428.9533.40
196781.65%29,915.6833.50
196790.10%29,944.8233.60
196710-2.88%29,081.8933.70
1967113.11%29,986.8433.80
196712-0.02%29,981.6033.90
19681-4.26%28,705.2934.10
19682-1.56%28,257.7134.20
196837.66%30,422.7334.30
196842.56%31,200.8534.40
196852.94%32,118.3834.50
196860.05%32,134.0934.70
19687-1.93%31,512.6434.90
196883.51%32,618.0035.00
196892.72%33,504.2935.10
1968101.79%34,102.6035.30
1968111.29%34,540.9235.40
196812-3.99%33,164.4235.50
19691-0.24%33,085.3035.60
19692-1.91%32,452.1235.80
196932.27%33,190.1636.10
196943.51%34,356.3036.30
19695-4.97%32,648.3336.40
19696-4.21%31,275.3636.60
19697-0.28%31,186.6636.80
196980.63%31,382.6837.00
196991.35%31,805.2237.10
1969101.00%32,122.4737.30
196911-5.03%30,507.5137.50
196912-0.59%30,327.8137.70
19701-3.20%29,358.5137.80
197022.01%29,949.28-
19703-2.75%29,126.37-
19704-11.20%25,864.50-
19705-0.27%25,794.69-
197060.52%25,929.48-
197073.26%26,773.69-
197086.32%28,466.14-
197092.49%29,174.80-
1970100.21%29,235.12-
1970117.16%31,327.88-
1970124.11%32,615.67-
197114.15%33,969.56-
197122.83%34,931.53-
197133.67%36,214.86-
19714-1.11%35,813.65-
19715-1.60%35,242.11-
19716-0.46%35,078.96-
19717-1.52%34,546.77-
197182.49%35,405.74-
19719-1.86%34,745.89-
197110-4.37%33,226.96-
1971117.16%35,607.21-
1971124.42%37,181.96-
197212.09%37,957.93-
197222.62%38,952.28-
197231.26%39,442.65-
19724-0.78%39,136.62-
197250.52%39,338.60-
19726-0.50%39,140.39-
197273.78%40,621.34-
19728-1.21%40,129.63-
197290.42%40,297.15-
1972105.25%42,414.44-
1972112.31%43,394.86-
1972120.99%43,824.19-
19731-3.33%42,366.98-
19732-1.35%41,797.00-
19733-1.63%41,114.33-
19734-2.57%40,057.79-
19735-1.99%39,260.72-
197361.21%39,735.87-
19737-1.64%39,086.02-
197382.00%39,865.90-
197394.24%41,554.35-
197310-6.85%38,706.69-
197311-6.81%36,072.59-
1973121.70%36,685.98-
19741-2.47%35,778.78-
197424.57%37,415.53-
19743-4.82%35,613.36-
19744-2.71%34,649.78-
197450.46%34,808.21-
19746-11.35%30,858.58-
19747-3.76%29,696.82-
19748-10.01%26,723.11-
197492.38%27,358.30-
1974103.74%28,382.44-
197411-6.09%26,653.43-
1974128.63%28,954.36-
1975110.81%32,083.61-
197524.97%33,679.33-
197531.49%34,180.15-
197546.71%36,474.54-
197552.89%37,530.34-
197560.43%37,692.47-
19757-7.00%35,055.41-
19758-0.85%34,756.50-
197594.97%36,484.34-
1975102.04%37,229.24-
197511-1.18%36,790.07-
1975129.55%40,301.79-
197614.18%41,985.65-
197620.80%42,322.55-
197631.10%42,786.17-
19764-0.38%42,622.18-
197650.90%43,006.03-
197662.67%44,152.29-
19767-0.56%43,904.77-
197682.44%44,975.11-
19769-3.11%43,577.19-
197610-0.37%43,417.42-
1976113.79%45,061.42-
197612-0.54%44,819.33-
19771-2.37%43,757.74-
19772-0.05%43,734.03-
19773-1.19%43,211.99-
197740.06%43,239.86-
197750.90%43,628.92-
197761.28%44,188.43-
19777-2.08%43,269.92-
19778-1.18%42,761.36-
19779-2.20%41,821.52-
1977100.98%42,231.85-
197711-0.08%42,198.01-
197712-3.39%40,767.34-
19781-0.97%40,371.09-
197820.27%40,478.34-
197834.83%42,433.44-
197845.50%44,769.11-
197850.67%45,070.66-
19786-0.06%45,042.58-
197877.33%48,343.37-
197880.40%48,536.59-
19789-2.77%47,190.43-
197810-5.44%44,624.38-
1978111.92%45,482.43-
1978124.19%47,386.01-
19791-1.06%46,885.16-
197922.34%47,982.82-
197932.43%49,149.23-
19794-1.89%48,218.83-
197952.42%49,384.58-
197961.42%50,086.26-
197975.01%52,597.75-
197981.54%53,408.00-
19799-3.35%51,617.48-
197910-0.32%51,451.05-
1979114.40%53,716.95-
1979123.31%55,496.31-
198014.40%57,935.84-
19802-8.78%52,850.34-
19803-1.16%52,236.19-
198045.04%54,866.87-
198056.86%58,632.21-
198064.97%61,545.92-
198073.50%63,702.91-
198082.84%65,509.40-
198093.32%67,687.44-
1980104.61%70,811.01-
198011-1.24%69,929.56-
1980120.01%69,936.55-
19811-3.07%67,789.37-
198124.14%70,598.09-
198131.29%71,511.49-
19814-1.62%70,354.95-
198150.86%70,958.31-
19816-2.02%69,527.61-
198170.80%70,085.62-
19818-8.30%64,266.63-
198191.73%65,376.67-
1981103.04%67,366.56-
1981111.18%68,161.06-
198112-4.80%64,886.52-
19821-1.91%63,644.66-
19822-2.74%61,897.91-
198235.47%65,283.30-
198240.57%65,655.18-
19825-5.27%62,194.75-
198260.24%62,346.41-
198270.79%62,841.43-
1982812.10%70,442.96-
198298.88%76,699.28-
1982104.50%80,150.68-
1982111.36%81,237.13-
1982123.93%84,426.29-
198312.13%86,224.59-
198323.87%89,557.70-
198334.20%93,316.78-
198344.42%97,445.13-
198351.75%99,153.83-
198360.71%99,855.97-
19837-2.41%97,452.25-
198383.31%100,681.66-
198390.65%101,334.00-
198310-1.14%100,177.35-
198311-0.13%100,049.00-
1983121.58%101,625.70-
19841-5.11%96,430.42-
198420.44%96,856.99-
198430.51%97,348.24-
19844-0.25%97,102.37-
19845-1.85%95,307.62-
19846-0.91%94,441.80-
198479.21%103,136.64-
198481.41%104,587.74-
19849-0.41%104,156.42-
1984101.29%105,495.77-
198411-0.71%104,749.33-
1984124.70%109,670.00-
198515.79%116,017.00-
19852-0.48%115,462.07-
198531.02%116,645.22-
198542.74%119,836.21-
198552.51%122,845.25-
198562.25%125,605.86-
19857-1.85%123,288.04-
19858-1.88%120,964.07-
198591.50%122,773.16-
1985106.42%130,655.83-
1985115.29%137,573.43-
1985120.75%138,607.60-
198615.70%146,504.42-
198626.18%155,562.45-
198632.74%159,827.08-
198640.49%160,613.16-
198653.13%165,645.56-
19866-1.80%162,657.45-
198672.28%166,367.43-
19868-2.46%162,281.06-
19869-0.09%162,135.21-
1986103.53%167,863.37-
1986111.71%170,732.05-
1986126.67%182,125.63-
198716.46%193,894.37-
198724.38%202,379.98-
19873-0.86%200,646.78-
198740.17%200,993.56-
198754.50%210,035.14-
198763.12%216,592.64-
198776.45%230,571.55-
19878-3.03%223,584.25-
19879-11.85%197,080.83-
198710-12.30%172,833.16-
198711-1.33%170,526.37-
1987124.25%177,767.84-
198813.33%183,684.96-
198823.23%189,621.76-
19883-0.89%187,941.67-
19884-2.19%183,829.00-
198856.00%194,855.43-
19886-0.31%194,257.38-
19887-1.72%190,919.10-
198881.93%194,598.43-
198893.80%201,996.32-
198810-2.02%197,915.49-
1988112.33%202,518.92-
1988123.51%209,632.71-
198913.30%216,550.28-
19892-0.16%216,200.21-
198933.56%223,907.31-
198944.12%233,121.77-
198953.39%241,030.72-
198962.80%247,780.00-
198974.69%259,402.74-
198980.46%260,584.42-
198990.29%261,330.36-
198910-1.81%256,591.00-
1989112.74%263,613.14-
198912-2.21%257,784.06-
19901-2.53%251,269.38-
199022.71%258,071.67-
199030.20%258,577.45-
199043.85%268,535.07-
199053.17%277,047.52-
199060.17%277,517.73-
19907-7.86%255,701.44-
19908-4.34%244,601.28-
19909-2.32%238,936.88-
1990102.98%246,066.31-
1990114.59%257,352.41-
199012-0.69%255,589.10-
1991111.61%285,254.75-
199123.04%293,939.68-
199132.26%300,579.27-
19914-0.18%300,041.60-
199150.35%301,082.78-
199160.78%303,432.68-
199172.68%311,561.44-
19918-0.30%310,617.10-
199190.18%311,181.32-
1991100.02%311,230.47-
1991110.94%314,140.91-
1991127.36%337,255.48-
19921-0.60%335,229.10-
19922-1.01%331,835.31-
199230.26%332,712.36-
199242.07%339,594.02-
19925-1.33%335,080.40-
199261.91%341,487.58-
199270.94%344,703.44-
199280.38%346,007.07-
19929-1.18%341,917.07-
1992102.76%351,343.39-
1992113.27%362,836.54-
1992120.14%363,355.00-
199311.72%369,620.14-
199322.15%377,567.54-
19933-1.34%372,501.55-
199340.72%375,201.16-
199350.87%378,447.33-
199360.06%378,678.20-
199371.76%385,352.27-
199381.35%390,573.69-
199391.24%395,424.25-
1993100.01%395,454.08-
1993110.89%398,962.47-
1993121.74%405,887.98-
19941-0.08%405,580.72-
19942-1.42%399,805.99-
19943-3.35%386,426.97-
199441.06%390,516.30-
199451.11%394,843.59-
19946-0.52%392,794.84-
199473.08%404,901.08-
199480.82%408,211.01-
19949-0.44%406,398.53-
199410-0.37%404,895.32-
199411-1.03%400,742.29-
1994122.45%410,565.18-
199513.82%426,245.05-
199522.56%437,149.12-
199533.22%451,205.88-
199543.35%466,311.17-
199553.18%481,132.51-
199563.55%498,200.59-
199570.51%500,756.98-
199583.72%519,373.44-
199590.91%524,113.07-
1995102.36%536,473.68-
1995113.39%554,655.51-
1995120.16%555,557.27-
199615.90%588,359.56-
19962-0.20%587,178.74-
199630.20%588,335.73-
199642.35%602,190.01-
199651.28%609,889.57-
19966-3.48%588,686.36-
199673.08%606,792.90-
199682.02%619,072.73-
199694.12%644,575.42-
1996105.05%677,139.89-
1996111.20%685,253.57-
1996123.26%707,575.98-
199714.36%738,434.53-
19972-0.62%733,829.02-
19973-3.41%708,840.33-
199749.22%774,180.03-
199755.34%815,496.67-
199765.74%862,272.95-
199770.35%865,271.84-
199781.19%875,585.95-
199791.65%889,992.63-
199710-1.15%879,739.53-
1997112.63%902,917.29-
1997120.24%905,058.00-
199816.40%963,001.25-
199825.31%1,014,164.27-
199833.41%1,048,703.42-
19984-0.22%1,046,376.79-
199850.12%1,047,595.37-
199864.47%1,094,398.43-
19987-6.97%1,018,107.84-
19988-4.90%968,236.33-
199891.29%980,734.88-
19981010.97%1,088,364.49-
1998114.10%1,133,032.11-
1998125.05%1,190,224.03-
19991-0.07%1,189,430.03-
199922.92%1,224,203.13-
199934.25%1,276,232.04-
19994-0.10%1,274,970.71-
19995-0.61%1,267,170.86-
199964.52%1,324,477.24-
19997-3.77%1,274,486.36-
19998-0.60%1,266,864.72-
19999-1.27%1,250,744.23-
1999107.11%1,339,621.48-
1999112.81%1,377,247.84-
199912-0.12%1,375,609.85-
20001-2.48%1,341,521.17-
200023.94%1,394,389.90-
200031.42%1,414,255.29-
20004-2.84%1,374,107.49-
200053.16%1,417,577.11-
200060.85%1,429,631.37-
200070.94%1,443,065.78-
20008-1.08%1,427,485.71-
20009-5.21%1,353,053.32-
200010-0.77%1,342,600.12-
200011-3.32%1,298,024.81-
2000120.46%1,303,930.92-
20011-2.14%1,276,075.59-
20012-9.08%1,160,209.17-
200130.45%1,165,414.95-
200146.88%1,245,587.73-
20015-2.39%1,215,834.97-
20016-2.66%1,183,490.99-
20017-2.05%1,159,278.67-
20018-11.25%1,028,890.83-
200193.18%1,061,651.04-
2001105.05%1,115,297.82-
2001111.47%1,131,648.64-
200112-0.30%1,128,279.84-
20021-3.35%1,090,451.22-
200224.95%1,144,376.99-
20023-3.51%1,104,158.63-
20024-2.82%1,073,017.26-
20025-5.92%1,009,484.35-
20026-10.76%900,878.99-
200271.14%911,138.11-
20028-4.76%867,788.62-
20029-1.37%855,925.58-
2002106.63%912,635.59-
200211-1.04%903,189.25-
200212-0.22%901,179.49-
20031-6.41%843,370.31-
200321.31%854,400.73-
200335.29%899,563.15-
200345.31%947,349.85-
200355.70%1,001,388.43-
200360.60%1,007,355.72-
20037-0.17%1,005,680.24-
200383.16%1,037,471.61-
200392.03%1,058,509.76-
2003101.21%1,071,323.94-
2003113.06%1,104,147.27-
2003124.93%1,158,636.51-
200411.09%1,171,226.98-
20042-1.57%1,152,894.97-
200430.97%1,164,056.57-
20044-2.56%1,134,207.21-
200452.86%1,166,619.19-
20046-2.24%1,140,501.16-
20047-1.39%1,124,675.90-
200482.78%1,155,971.41-
200490.10%1,157,157.38-
2004104.77%1,212,398.87-
2004112.73%1,245,466.41-
200412-1.35%1,228,662.31-
200511.68%1,249,318.67-
20052-0.26%1,246,125.56-
20053-2.41%1,216,107.41-
200541.34%1,232,353.03-
200552.18%1,259,226.92-
200561.81%1,281,991.11-
200570.31%1,285,965.52-
200580.28%1,289,562.24-
20059-2.62%1,255,721.29-
2005103.96%1,305,467.22-
2005112.14%1,333,458.15-
2005121.47%1,353,016.92-
20061-0.02%1,352,791.78-
200621.49%1,372,896.13-
200630.80%1,383,856.39-
20064-0.79%1,372,970.48-
20065-2.71%1,335,820.74-
200660.72%1,345,439.20-
200672.29%1,376,273.42-
200682.53%1,411,109.29-
200693.62%1,462,133.78-
2006102.00%1,491,400.48-
2006112.15%1,523,439.71-
2006120.69%1,533,994.50-
200711.60%1,558,477.79-
20072-2.47%1,519,922.75-
200734.18%1,583,459.47-
200743.39%1,637,166.51-
200750.34%1,642,813.12-
200760.57%1,652,253.05-
20077-4.20%1,582,840.12-
200783.07%1,631,508.39-
200792.99%1,680,317.13-
200710-4.81%1,599,555.88-
2007111.24%1,619,361.91-
200712-6.64%1,511,914.05-
20081-1.56%1,488,268.24-
20082-2.63%1,449,176.85-
200834.24%1,510,677.05-
200842.56%1,549,389.73-
20085-4.25%1,483,593.62-
20086-6.08%1,393,413.81-
200872.11%1,422,822.29-
20088-4.85%1,353,850.47-
20089-20.19%1,080,459.52-
200810-8.61%987,482.22-
200811-0.35%984,014.01-
200812-1.10%973,233.58-
20091-6.70%908,002.54-
20092-5.69%856,360.47-
2009312.32%961,879.07-
200946.66%1,025,938.50-
200952.87%1,055,371.25-
200961.28%1,068,855.12-
200978.12%1,155,654.11-
200983.65%1,197,839.46-
200992.40%1,226,624.83-
2009102.09%1,252,314.35-
2009112.23%1,280,189.09-
2009121.36%1,297,560.84-
20101-2.90%1,259,951.39-
201025.94%1,334,830.75-
201034.09%1,389,397.70-
20104-5.88%1,307,667.81-
20105-3.54%1,261,329.77-
20106-0.16%1,259,323.33-
201070.86%1,270,198.99-
201083.37%1,313,019.36-
201094.58%1,373,121.99-
2010102.49%1,407,325.29-
2010113.71%1,459,589.63-
2010123.46%1,510,123.45-
201113.15%1,557,705.38-
20112-1.11%1,540,376.52-
201132.22%1,574,588.02-
201140.66%1,584,968.25-
20115-3.66%1,526,917.20-
201163.10%1,574,278.13-
20117-10.40%1,410,543.02-
20118-0.79%1,399,410.38-
201193.02%1,441,657.27-
2011101.77%1,467,133.12-
2011111.55%1,489,943.38-
2011124.78%1,561,200.79-
201214.16%1,626,187.47-
201222.88%1,673,084.07-
20123-0.04%1,672,444.78-
20124-3.09%1,620,750.31-
20125-1.15%1,602,072.60-
201262.92%1,648,870.53-
201273.39%1,704,729.33-
201283.02%1,756,232.04-
20129-0.22%1,752,418.65-
201210-2.84%1,702,693.88-
2012112.18%1,739,736.58-
2012124.27%1,814,001.78-
201312.33%1,856,322.84-
201322.72%1,906,860.38-
201331.45%1,934,582.15-
201344.57%2,023,075.16-
20135-1.12%2,000,461.73-
201363.25%2,065,566.30-
201370.25%2,070,782.44-
201381.19%2,095,475.84-
201392.12%2,139,848.59-
2013103.86%2,222,446.62-
2013111.52%2,256,264.73-
2013120.97%2,278,101.04-
20141-0.13%2,275,138.69-
201422.72%2,337,074.09-
201430.20%2,341,788.53-
201441.53%2,377,665.54-
201453.20%2,453,663.29-
201461.50%2,490,365.72-
20147-0.43%2,479,733.09-
201481.78%2,523,823.58-
20149-2.65%2,457,028.48-
2014105.71%2,597,217.98-
2014110.63%2,613,681.42-
201412-1.11%2,584,668.37-
201512.83%2,657,747.23-
201520.06%2,659,218.65-
201530.88%2,682,577.49-
201540.98%2,708,837.34-
20155-0.44%2,697,040.35-
20156-0.08%2,694,892.70-
20157-2.42%2,629,557.79-
20158-4.51%2,511,041.11-
201594.32%2,619,445.75-
2015102.93%2,696,260.21-
201511-1.10%2,666,521.27-
201512-6.42%2,495,340.69-
20161-0.55%2,481,618.58-
201626.36%2,639,517.21-
201632.83%2,714,248.82-
20164-0.30%2,705,987.59-
201651.07%2,734,846.68-
201663.30%2,825,026.58-
201671.20%2,858,905.91-
20168-0.44%2,846,364.71-
20169-0.51%2,831,962.65-
2016101.20%2,865,979.06-
2016113.95%2,979,069.56-
2016121.44%3,021,897.70-
201712.58%3,099,755.24-
201721.75%3,153,977.92-
20173-0.15%3,149,120.67-
201741.69%3,202,415.55-
201751.78%3,259,304.15-
201760.99%3,291,502.30-
201770.25%3,299,658.81-
201781.65%3,354,210.85-
201792.73%3,445,941.78-
2017101.59%3,500,717.40-
2017112.88%3,601,660.11-
2017124.86%3,776,769.16-
20181-2.89%3,667,745.68-
201820.06%3,670,114.24-
20183-1.66%3,609,044.57-
201841.96%3,679,840.35-
201852.11%3,757,594.27-
201861.58%3,816,992.14-
201872.45%3,910,539.17-
201881.68%3,976,226.36-
20189-3.85%3,823,181.96-
201810-2.08%3,743,808.56-
201811-5.56%3,535,558.75-
2018121.74%3,596,923.20-
201915.83%3,806,584.35-
201921.95%3,880,737.45-
201933.72%4,025,225.82-
20194-1.53%3,963,567.87-
201951.40%4,019,246.06-
201963.83%4,173,076.43-
20197-3.13%4,042,274.93-
201983.09%4,166,988.31-
201990.01%4,167,396.79-
2019104.43%4,352,166.34-
2019112.47%4,459,635.25-
2019123.35%4,608,872.37-
202010.12%4,614,498.73-
20202-18.92%3,741,541.29-
202034.32%3,903,124.03-
202045.89%4,132,915.21-
202056.51%4,401,896.56-
202063.48%4,554,925.63-
202075.89%4,823,370.39-
20208-0.63%4,793,127.73-
202091.73%4,875,857.18-
2020103.95%5,068,654.26-
2020114.26%5,284,583.01-
2020122.80%5,432,302.95-
202112.49%5,567,650.33-
202120.82%5,613,380.65-
202136.02%5,951,389.59-
202140.76%5,996,633.93-
202151.81%6,105,198.35-
202163.07%6,292,518.14-
202172.19%6,430,019.84-
20218-0.08%6,424,586.55-
202190.45%6,453,637.00-
2021104.74%6,759,845.55-
2021110.27%6,777,786.43-
202112-2.05%6,638,709.45-
20221-2.90%6,446,016.27-
20222-0.89%6,388,480.18-
202230.12%6,396,037.87-
20224-7.87%5,892,495.06-
20225-3.37%5,693,954.22-
202260.46%5,720,413.19-
202276.45%6,089,230.76-
20228-7.28%5,646,092.83-
20229-3.09%5,471,562.21-
2022105.29%5,760,739.43-
2022110.01%5,761,363.75-
2022121.38%5,840,666.40-
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 $10,000.00 up-front. Instead, the capital is invested over a period of time.

Consider a strategy in which $10,000.00 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 $5,660,586.77, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $5,840,666.40).

YearMonthContribution ($)Amount ($)
19571416.66398.68
19572416.66827.17
19573416.661,275.36
19574416.661,761.07
19575416.662,219.01
19576416.662,695.61
19577416.662,949.02
19578416.663,238.50
19579416.663,438.24
195710416.663,784.00
195711416.664,212.49
195712416.664,735.41
19581416.665,186.73
19582416.665,737.43
19583416.666,207.80
19584416.666,858.71
19585416.667,472.98
19586416.668,130.57
19587416.668,892.45
19588416.669,581.89
19589416.6610,433.16
195810416.6611,209.53
195811416.6611,876.45
195812416.8212,815.17
19591-12,653.05
19592-13,008.12
19593-13,260.01
19594-13,494.11
19595-13,412.30
19596-13,979.32
19597-13,934.79
19598-13,418.75
19599-13,442.47
195910-13,532.41
195911-14,001.06
195912-13,793.03
19601-13,295.21
19602-13,151.87
19603-13,360.23
19604-13,276.79
19605-13,806.28
19606-13,503.07
19607-13,704.39
19608-13,331.52
19609-13,108.36
196010-13,572.51
196011-13,937.69
196012-14,694.08
19611-15,336.82
19612-15,857.82
19613-16,320.71
19614-16,526.90
19615-16,348.38
19616-16,343.81
19617-16,971.24
19618-16,879.31
19619-17,106.01
196110-17,922.31
196111-18,130.75
196112-17,498.51
19621-17,832.64
19622-17,893.45
19623-17,366.50
19624-16,118.70
19625-14,279.12
19626-14,667.13
19627-15,110.52
19628-15,020.87
19629-14,591.82
196210-15,642.56
196211-16,365.83
196212-17,044.48
19631-17,316.43
19632-17,297.68
19633-18,158.78
19634-18,570.91
19635-18,611.14
19636-18,383.73
19637-18,940.97
19638-19,489.05
19639-19,586.47
196310-19,526.43
196311-19,993.76
196312-20,659.59
19641-20,965.34
19642-21,399.54
19643-21,761.85
19644-22,027.43
19645-21,950.18
19646-22,819.64
19647-22,539.94
19648-22,982.96
19649-23,435.76
196410-23,655.34
196411-23,302.80
196412-23,960.12
19651-24,193.75
19652-24,274.94
19653-24,653.05
19654-25,080.19
19655-23,949.74
19656-23,974.38
19657-24,482.30
19658-25,362.71
19659-25,995.97
196510-26,275.68
196511-26,220.08
196512-26,739.36
19661-26,624.27
19662-25,595.95
19663-26,445.98
19664-25,121.67
19665-24,981.11
19666-24,985.71
19667-23,544.17
19668-22,784.91
19669-22,656.31
196610-23,860.73
196611-24,031.52
196612-25,024.10
19671-25,957.50
19672-26,641.15
19673-27,171.97
19674-27,731.08
19675-27,456.04
19676-28,003.08
19677-28,521.60
19678-28,993.32
19679-29,021.56
196710-28,185.24
196711-29,062.29
196712-29,057.20
19681-27,820.24
19682-27,386.46
19683-29,484.74
19684-30,238.87
19685-31,128.10
19686-31,143.33
19687-30,541.04
19688-31,612.32
19689-32,471.29
196810-33,051.14
196811-33,475.96
196812-32,141.89
19691-32,065.22
19692-31,451.55
19693-32,166.84
19694-33,297.02
19695-31,641.72
19696-30,311.08
19697-30,225.11
19698-30,415.09
19699-30,824.60
196910-31,132.06
196911-29,566.90
196912-29,392.75
19701-28,453.33
19702-29,025.88
19703-28,228.34
19704-25,067.04
19705-24,999.39
19706-25,130.03
19707-25,948.20
19708-27,588.47
19709-28,275.28
197010-28,333.75
197011-30,361.97
197012-31,610.06
19711-32,922.21
19712-33,854.52
19713-35,098.29
19714-34,709.44
19715-34,155.53
19716-33,997.40
19717-33,481.62
19718-34,314.11
19719-33,674.60
197110-32,202.51
197111-34,509.37
197112-36,035.56
19721-36,787.61
19722-37,751.30
19723-38,226.55
19724-37,929.96
19725-38,125.71
19726-37,933.61
19727-39,368.90
19728-38,892.36
19729-39,054.70
197210-41,106.72
197211-42,056.91
197212-42,473.00
19731-41,060.72
19732-40,508.31
19733-39,846.69
19734-38,822.72
19735-38,050.23
19736-38,510.73
19737-37,880.92
19738-38,636.75
19739-40,273.15
197310-37,513.28
197311-34,960.40
197312-35,554.87
19741-34,675.65
19742-36,261.94
19743-34,515.33
19744-33,581.46
19745-33,735.00
19746-29,907.14
19747-28,781.21
19748-25,899.18
19749-26,514.78
197410-27,507.35
197411-25,831.65
197412-28,061.64
19751-31,094.41
19752-32,640.93
19753-33,126.31
19754-35,349.96
19755-36,373.21
19756-36,530.34
19757-33,974.58
19758-33,684.89
19759-35,359.45
197510-36,081.39
197511-35,655.76
197512-39,059.20
19761-40,691.15
19762-41,017.66
19763-41,466.98
19764-41,308.05
19765-41,680.07
19766-42,790.99
19767-42,551.09
19768-43,588.44
19769-42,233.62
197610-42,078.77
197611-43,672.08
197612-43,437.46
19771-42,408.60
19772-42,385.62
19773-41,879.67
19774-41,906.69
19775-42,283.75
19776-42,826.01
19777-41,935.82
19778-41,442.94
19779-40,532.08
197710-40,929.76
197711-40,896.95
197712-39,510.40
19781-39,126.36
19782-39,230.31
19783-41,125.13
19784-43,388.79
19785-43,681.04
19786-43,653.83
19787-46,852.84
19788-47,040.11
19789-45,735.45
197810-43,248.52
197811-44,080.11
197812-45,925.00
19791-45,439.59
19792-46,503.41
19793-47,633.86
19794-46,732.14
19795-47,861.95
19796-48,542.00
19797-50,976.06
19798-51,761.32
19799-50,026.01
197910-49,864.71
197911-52,060.75
197912-53,785.24
19801-56,149.56
19802-51,220.85
19803-50,625.64
19804-53,175.22
19805-56,824.46
19806-59,648.33
19807-61,738.82
19808-63,489.61
19809-65,600.50
198010-68,627.76
198011-67,773.49
198012-67,780.26
19811-65,699.29
19812-68,421.41
19813-69,306.64
19814-68,185.77
19815-68,770.52
19816-67,383.93
19817-67,924.73
19818-62,285.16
19819-63,360.98
198110-65,289.51
198111-66,059.52
198112-62,885.94
19821-61,682.37
19822-59,989.47
19823-63,270.48
19824-63,630.90
19825-60,277.16
19826-60,424.14
19827-60,903.90
19828-68,271.06
19829-74,334.49
198210-77,679.48
198211-78,732.42
198212-81,823.26
19831-83,566.11
19832-86,796.45
19833-90,439.64
19834-94,440.70
19835-96,096.72
19836-96,777.21
19837-94,447.60
19838-97,577.44
19839-98,209.67
198310-97,088.68
198311-96,964.28
198312-98,492.38
19841-93,457.27
19842-93,870.69
19843-94,346.80
19844-94,108.51
19845-92,369.09
19846-91,529.97
19847-99,956.73
19848-101,363.09
19849-100,945.07
198410-102,243.12
198411-101,519.69
198412-106,288.65
19851-112,439.96
19852-111,902.14
19853-113,048.81
19854-116,141.41
19855-119,057.69
19856-121,733.17
19857-119,486.82
19858-117,234.50
19859-118,987.82
198510-126,627.45
198511-133,331.76
198512-134,334.05
19861-141,987.39
19862-150,766.15
19863-154,899.29
19864-155,661.13
19865-160,538.37
19866-157,642.39
19867-161,237.99
19868-157,277.60
19869-157,136.25
198610-162,687.80
198611-165,468.03
198612-176,510.33
19871-187,916.21
19872-196,140.19
19873-194,460.43
19874-194,796.52
19875-203,559.33
19876-209,914.65
19877-223,462.56
19878-216,690.69
19879-191,004.43
198710-167,504.36
198711-165,268.69
198712-172,286.90
19881-178,021.58
19882-183,775.34
19883-182,147.05
19884-178,161.18
19885-188,847.65
19886-188,268.03
19887-185,032.67
19888-188,598.57
19889-195,768.36
198810-191,813.36
198811-196,274.85
198812-203,169.31
19891-209,873.60
19892-209,534.32
19893-217,003.79
19894-225,934.16
19895-233,599.25
19896-240,140.44
19897-251,404.83
19898-252,550.07
19899-253,273.01
198910-248,679.78
198911-255,485.41
198912-249,836.05
19901-243,522.24
19902-250,114.79
19903-250,604.98
19904-260,255.59
19905-268,505.58
19906-268,961.30
19907-247,817.64
19908-237,059.73
19909-231,569.97
199010-238,479.59
199011-249,417.71
199012-247,708.77
19911-276,459.77
19912-284,876.92
19913-291,311.80
19914-290,790.70
19915-291,799.78
19916-294,077.24
19917-301,955.37
19918-301,040.14
19919-301,586.97
199110-301,634.60
199111-304,455.31
199112-326,857.21
19921-324,893.30
19922-321,604.15
19923-322,454.16
19924-329,123.65
19925-324,749.19
19926-330,958.83
19927-334,075.53
19928-335,338.96
19929-331,375.07
199210-340,510.76
199211-351,649.55
199212-352,152.03
19931-358,224.00
19932-365,926.37
19933-361,016.57
19934-363,632.94
19935-366,779.03
19936-367,002.78
19937-373,471.08
19938-378,531.50
19939-383,232.51
199310-383,261.43
199311-386,661.65
199312-393,373.63
19941-393,075.84
19942-387,479.16
19943-374,512.64
19944-378,475.89
19945-382,669.75
19946-380,684.18
19947-392,417.16
19948-395,625.03
19949-393,868.43
199410-392,411.58
199411-388,386.59
199412-397,906.62
19951-413,103.04
19952-423,670.92
19953-437,294.29
19954-451,933.85
19955-466,298.21
19956-482,840.05
19957-485,317.62
19958-503,360.10
19959-507,953.60
199510-519,933.10
199511-537,554.35
199512-538,428.31
19961-570,219.23
19962-569,074.82
19963-570,196.14
19964-583,623.26
19965-591,085.43
19966-570,535.96
19967-588,084.24
19968-599,985.46
19969-624,701.84
199610-656,262.29
199611-664,125.81
199612-685,759.97
19971-715,667.09
19972-711,203.58
19973-686,985.34
19974-750,310.49
19975-790,353.25
19976-835,687.32
19977-838,593.75
19978-848,589.85
19979-862,552.34
199710-852,615.36
199711-875,078.51
199712-877,153.22
19981-933,309.96
19982-982,895.53
19983-1,016,369.76
19984-1,014,114.86
19985-1,015,295.87
19986-1,060,655.90
19987-986,717.50
19988-938,383.64
19989-950,496.83
199810-1,054,808.00
199811-1,098,098.43
199812-1,153,527.00
19991-1,152,757.48
19992-1,186,458.46
19993-1,236,883.21
19994-1,235,660.77
19995-1,228,101.41
19996-1,283,640.91
19997-1,235,191.35
19998-1,227,804.70
19999-1,212,181.24
199910-1,298,318.23
199911-1,334,784.49
199912-1,333,197.00
20001-1,300,159.34
20002-1,351,398.02
20003-1,370,650.92
20004-1,331,740.96
20005-1,373,870.32
20006-1,385,552.93
20007-1,398,573.12
20008-1,383,473.42
20009-1,311,335.94
200010-1,301,205.03
200011-1,258,004.06
200012-1,263,728.07
20011-1,236,731.58
20012-1,124,437.56
20013-1,129,482.84
20014-1,207,183.72
20015-1,178,348.30
20016-1,147,001.56
20017-1,123,535.75
20018-997,168.03
20019-1,028,918.18
200110-1,080,910.92
200111-1,096,757.61
200112-1,093,492.68
20021-1,056,830.39
20022-1,109,093.51
20023-1,070,115.18
20024-1,039,933.95
20025-978,359.90
20026-873,103.05
20027-883,045.87
20028-841,032.93
20029-829,535.65
200210-884,497.17
200211-875,342.09
200212-873,394.30
20031-817,367.48
20032-828,057.82
20033-871,827.79
20034-918,141.12
20035-970,513.59
20036-976,296.89
20037-974,673.07
20038-1,005,484.25
20039-1,025,873.75
200310-1,038,292.84
200311-1,070,104.16
200312-1,122,913.39
20041-1,135,115.66
20042-1,117,348.87
20043-1,128,166.34
20044-1,099,237.30
20045-1,130,649.95
20046-1,105,337.18
20047-1,089,999.86
20048-1,120,330.46
20049-1,121,479.87
200410-1,175,018.15
200411-1,207,066.15
200412-1,190,780.15
20051-1,210,799.63
20052-1,207,704.97
20053-1,178,612.34
20054-1,194,357.08
20055-1,220,402.39
20056-1,242,464.72
20057-1,246,316.58
20058-1,249,802.41
20059-1,217,004.85
200510-1,265,217.01
200511-1,292,344.92
200512-1,311,300.65
20061-1,311,082.46
20062-1,330,566.95
20063-1,341,189.28
20064-1,330,639.01
20065-1,294,634.67
20066-1,303,956.57
20067-1,333,840.11
20068-1,367,601.92
20069-1,417,053.22
200610-1,445,417.56
200611-1,476,468.96
200612-1,486,698.33
20071-1,510,426.75
20072-1,473,060.44
20073-1,534,638.19
20074-1,586,689.33
20075-1,592,161.85
20076-1,601,310.72
20077-1,534,037.93
20078-1,581,205.66
20079-1,628,509.53
200710-1,550,238.31
200711-1,569,433.69
200712-1,465,298.67
20081-1,442,381.90
20082-1,404,495.78
20083-1,464,099.81
20084-1,501,618.89
20085-1,437,851.41
20086-1,350,452.02
20087-1,378,953.78
20088-1,312,108.50
20089-1,047,146.75
200810-957,036.13
200811-953,674.86
200812-943,226.81
20091-880,006.97
20092-829,957.13
20093-932,222.38
20094-994,306.72
20095-1,022,832.00
20096-1,035,900.14
20097-1,120,022.94
20098-1,160,907.63
20099-1,188,805.49
200910-1,213,702.95
200911-1,240,718.25
200912-1,257,554.40
20101-1,221,104.52
20102-1,293,675.20
20103-1,346,559.74
20104-1,267,349.75
20105-1,222,440.40
20106-1,220,495.83
20107-1,231,036.17
20108-1,272,536.30
20109-1,330,785.85
201010-1,363,934.58
201011-1,414,587.51
201012-1,463,563.27
20111-1,509,678.15
20112-1,492,883.57
20113-1,526,040.26
20114-1,536,100.45
20115-1,479,839.23
20116-1,525,739.93
20117-1,367,053.11
20118-1,356,263.71
20119-1,397,208.04
201110-1,421,898.42
201111-1,444,005.40
201112-1,513,065.79
20121-1,576,048.80
20122-1,621,499.48
20123-1,620,879.90
20124-1,570,779.28
20125-1,552,677.44
20126-1,598,032.50
20127-1,652,169.06
20128-1,702,083.83
20129-1,698,388.01
201210-1,650,196.36
201211-1,686,096.96
201212-1,758,072.42
20131-1,799,088.63
20132-1,848,067.99
20133-1,874,935.04
20134-1,960,699.63
20135-1,938,783.42
20136-2,001,880.68
20137-2,006,936.00
20138-2,030,868.06
20139-2,073,872.70
201310-2,153,924.06
201311-2,186,699.50
201312-2,207,862.54
20141-2,204,991.53
20142-2,265,017.34
20143-2,269,586.42
20144-2,304,357.27
20145-2,378,011.86
20146-2,413,582.68
20147-2,403,277.87
20148-2,446,008.96
20149-2,381,273.29
201410-2,517,140.46
201411-2,533,096.30
201412-2,504,977.78
20151-2,575,803.47
20152-2,577,229.53
20153-2,599,868.16
20154-2,625,318.37
20155-2,613,885.11
20156-2,611,803.67
20157-2,548,483.17
20158-2,433,620.60
20159-2,538,682.90
201510-2,613,129.02
201511-2,584,306.99
201512-2,418,404.26
20161-2,405,105.23
20162-2,558,135.53
20163-2,630,563.00
20164-2,622,556.48
20165-2,650,525.79
20166-2,737,925.26
20167-2,770,760.02
20168-2,758,605.49
20169-2,744,647.47
201610-2,777,615.10
201611-2,887,218.78
201612-2,928,726.44
20171-3,004,183.48
20172-3,056,734.36
20173-3,052,026.87
20174-3,103,678.56
20175-3,158,813.17
20176-3,190,018.58
20177-3,197,923.62
20178-3,250,793.71
20179-3,339,696.38
201710-3,392,783.16
201711-3,490,613.60
201712-3,660,323.68
20181-3,554,661.61
20182-3,556,957.15
20183-3,497,770.38
20184-3,566,383.38
20185-3,641,739.99
20186-3,699,306.50
20187-3,789,969.29
20188-3,853,631.21
20189-3,705,305.48
201810-3,628,379.32
201811-3,426,550.28
201812-3,486,022.73
20191-3,689,219.60
20192-3,761,086.41
20193-3,901,119.92
20194-3,841,363.01
20195-3,895,324.52
20196-4,044,411.99
20197-3,917,643.37
20198-4,038,511.58
20199-4,038,907.46
201910-4,217,980.19
201911-4,322,135.61
201912-4,466,771.45
20201-4,472,224.34
20202-3,626,181.96
20203-3,782,782.77
20204-4,005,489.02
20205-4,266,177.13
20206-4,414,488.00
20207-4,674,656.07
20208-4,645,345.85
20209-4,725,524.58
202010-4,912,377.33
202011-5,121,648.56
202012-5,264,813.99
20211-5,395,988.33
20212-5,440,308.70
20213-5,767,896.13
20214-5,811,745.50
20215-5,916,962.66
20216-6,098,507.00
20217-6,231,769.24
20218-6,226,503.47
20219-6,254,658.23
202110-6,551,425.76
202111-6,568,813.48
202112-6,434,024.52
20221-6,247,272.46
20222-6,191,510.33
20223-6,198,835.00
20224-5,710,817.44
20225-5,518,398.02
20226-5,544,041.21
20227-5,901,487.38
20228-5,472,012.30
20229-5,302,862.81
202210-5,583,124.11
202211-5,583,729.18
202212-5,660,586.77
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
($10000 base)
$5,840,666.40
Final amount, inflation-adjusted
($10000 base)
$560,804.56