S&P 500: $12000 in 1958 → $7,441,101.21 in 2022

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Stock market returns between 1958 and 2022

If you invested $12000 in the S&P 500 at the beginning of 1958, you would have about $7,441,101.21 at the end of 2022, assuming you reinvested all dividends. This is a return on investment of 61,909.18%, or 10.40% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 6,023.46% cumulatively, or 6.53% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $5,797,105.54.

The graph below shows the performance of $12000 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 $12000 is $7,429,101.21, or 61,909.18%. This means by 2022 you would have $7,441,101.21 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 1958 was 28.900 and the CPI in 2022 was 292.656.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 64 years.

Adjusted for inflation, the $7,441,101.21 nominal end value of the original $12000 investment would have a real return of roughly $722,814.76 in 1958 dollars. This means the inflation-adjusted return is 6,023.46% as opposed to the original 61,909.18%.

For more information on inflation, see our U.S. inflation calculator for 1958.

Full monthly data

The table below shows the full dataset pertaining to a $12000 investment, including gains and losses over the 780-month period between 1958 and 2022.

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

YearMonthReturn (%)Amount ($)CPI
195810.70%12,084.2228.60
195822.42%12,376.5428.60
195830.90%12,487.4928.80
195843.56%12,931.7728.90
195852.74%13,285.4828.90
195863.07%13,693.4528.90
195874.05%14,248.6229.00
195882.94%14,668.0628.90
195894.36%15,307.4428.90
1958103.33%15,816.6128.90
1958112.16%16,158.6329.00
1958124.25%16,846.1328.90
19591-1.27%16,633.0229.00
195922.81%17,099.7728.90
195931.94%17,430.9028.90
195941.77%17,738.6329.00
19595-0.61%17,631.0829.00
195964.23%18,376.4529.10
19597-0.32%18,317.9229.20
19598-3.70%17,639.5629.20
195990.18%17,670.7429.30
1959100.67%17,788.9829.40
1959113.46%18,405.0329.40
195912-1.49%18,131.5729.40
19601-3.61%17,477.1629.30
19602-1.08%17,288.7329.40
196031.58%17,562.6329.40
19604-0.62%17,452.9529.50
196053.99%18,148.9929.50
19606-2.20%17,750.4129.60
196071.49%18,015.0529.60
19608-2.72%17,524.9029.60
19609-1.67%17,231.5429.60
1960103.54%17,841.6829.80
1960112.69%18,321.7429.80
1960125.43%19,316.0529.80
196114.37%20,160.9629.80
196123.40%20,845.8329.80
196132.92%21,454.3229.80
196141.26%21,725.3729.80
19615-1.08%21,490.6929.80
19616-0.03%21,484.6929.80
196173.84%22,309.4830.00
19618-0.54%22,188.6329.90
196191.34%22,486.6330.00
1961104.77%23,559.7030.00
1961111.16%23,833.7130.00
196112-3.49%23,002.5930.00
196211.91%23,441.8330.00
196220.34%23,521.7630.10
19623-2.94%22,829.0630.10
19624-7.19%21,188.7730.20
19625-11.41%18,770.5530.20
196262.72%19,280.6230.20
196273.02%19,863.4830.30
19628-0.59%19,745.6230.30
19629-2.86%19,181.6230.40
1962107.20%20,562.8630.40
1962114.62%21,513.6430.40
1962124.15%22,405.7530.40
196311.60%22,763.2430.40
19632-0.11%22,738.5930.40
196334.98%23,870.5630.50
196342.27%24,412.3130.50
196350.22%24,465.2030.50
19636-1.22%24,166.2630.60
196373.03%24,898.7730.70
196382.89%25,619.2530.70
196390.50%25,747.3230.70
196310-0.31%25,668.3830.80
1963112.39%26,282.7230.80
1963123.33%27,157.9830.90
196411.48%27,559.9030.90
196422.07%28,130.6730.90
196431.69%28,606.9530.90
196441.22%28,956.0630.90
19645-0.35%28,854.5230.90
196463.96%29,997.4631.00
19647-1.23%29,629.7931.10
196481.97%30,212.1531.00
196491.97%30,807.3931.10
1964100.94%31,096.0331.10
196411-1.49%30,632.6031.20
1964122.82%31,496.6831.20
196510.98%31,803.8031.20
196520.34%31,910.5231.20
196531.56%32,407.5731.30
196541.73%32,969.0731.40
19655-4.51%31,483.0331.40
196560.10%31,515.4331.60
196572.12%32,183.1131.60
196583.60%33,340.4531.60
196592.50%34,172.9031.60
1965101.08%34,540.5931.70
196511-0.21%34,467.5031.70
1965121.98%35,150.1131.80
19661-0.43%34,998.8231.80
19662-3.86%33,647.0532.00
196633.32%34,764.4532.10
19664-5.01%33,023.5932.30
19665-0.56%32,838.8232.30
196660.02%32,844.8632.40
19667-5.77%30,949.8932.50
19668-3.22%29,951.8132.70
19669-0.56%29,782.7632.70
1966105.32%31,366.0332.90
1966110.72%31,590.5432.90
1966124.13%32,895.3232.90
196713.73%34,122.3332.90
196722.63%35,021.0232.90
196731.99%35,718.8033.00
196742.06%36,453.7833.10
19675-0.99%36,092.2233.20
196761.99%36,811.3333.30
196771.85%37,492.9533.40
196781.65%38,113.0533.50
196790.10%38,150.1733.60
196710-2.88%37,050.7933.70
1967113.11%38,203.7133.80
196712-0.02%38,197.0333.90
19681-4.26%36,570.9934.10
19682-1.56%36,000.7634.20
196837.66%38,759.0434.30
196842.56%39,750.3834.40
196852.94%40,919.3234.50
196860.05%40,939.3434.70
19687-1.93%40,147.6034.90
196883.51%41,555.8535.00
196892.72%42,685.0035.10
1968101.79%43,447.2535.30
1968111.29%44,005.6835.40
196812-3.99%42,252.0035.50
19691-0.24%42,151.2035.60
19692-1.91%41,344.5135.80
196932.27%42,284.7936.10
196943.51%43,770.4636.30
19695-4.97%41,594.4936.40
19696-4.21%39,845.3136.60
19697-0.28%39,732.3036.80
196980.63%39,982.0337.00
196991.35%40,520.3537.10
1969101.00%40,924.5337.30
196911-5.03%38,867.0537.50
196912-0.59%38,638.1137.70
19701-3.20%37,403.2137.80
197022.01%38,155.8638.00
19703-2.75%37,107.4538.20
19704-11.20%32,951.7838.50
19705-0.27%32,862.8538.60
197060.52%33,034.5738.80
197073.26%34,110.1139.00
197086.32%36,266.3139.00
197092.49%37,169.1639.20
1970100.21%37,246.0139.40
1970117.16%39,912.2139.60
1970124.11%41,552.8739.80
197114.15%43,277.7639.80
197122.83%44,503.3239.90
197133.67%46,138.3140.00
19714-1.11%45,627.1540.10
19715-1.60%44,899.0140.30
19716-0.46%44,691.1440.60
19717-1.52%44,013.1340.70
197182.49%45,107.4740.80
19719-1.86%44,266.8140.80
197110-4.37%42,331.6840.90
1971117.16%45,364.1540.90
1971124.42%47,370.4041.10
197212.09%48,359.0041.10
197222.62%49,625.8241.30
197231.26%50,250.5641.40
19724-0.78%49,860.6741.50
197250.52%50,118.0041.60
19726-0.50%49,865.4741.70
197273.78%51,752.2341.90
19728-1.21%51,125.7942.00
197290.42%51,339.2042.10
1972105.25%54,036.6742.30
1972112.31%55,285.7442.40
1972120.99%55,832.7142.50
19731-3.33%53,976.2142.60
19732-1.35%53,250.0442.90
19733-1.63%52,380.3043.30
19734-2.57%51,034.2543.60
19735-1.99%50,018.7843.90
197361.21%50,624.1344.20
19737-1.64%49,796.2144.30
197382.00%50,789.7945.10
197394.24%52,940.9045.20
197310-6.85%49,312.9345.60
197311-6.81%45,957.0545.90
1973121.70%46,738.5146.20
19741-2.47%45,582.7346.60
197424.57%47,667.9847.20
19743-4.82%45,371.9947.80
19744-2.71%44,144.3748.00
197450.46%44,346.2148.60
19746-11.35%39,314.3149.00
19747-3.76%37,834.2249.40
19748-10.01%34,045.6650.00
197492.38%34,854.9050.60
1974103.74%36,159.6751.10
197411-6.09%33,956.8951.50
1974128.63%36,888.3151.90
1975110.81%40,875.0252.10
197524.97%42,908.0052.50
197531.49%43,546.0652.70
197546.71%46,469.1452.90
197552.89%47,814.2553.20
197560.43%48,020.8153.60
19757-7.00%44,661.1554.20
19758-0.85%44,280.3354.30
197594.97%46,481.6254.60
1975102.04%47,430.6454.90
197511-1.18%46,871.1355.30
1975129.55%51,345.1155.50
197614.18%53,490.3855.60
197620.80%53,919.5955.80
197631.10%54,510.2655.90
19764-0.38%54,301.3356.10
197650.90%54,790.3656.50
197662.67%56,250.7256.80
19767-0.56%55,935.3757.10
197682.44%57,299.0057.40
19769-3.11%55,518.0357.60
197610-0.37%55,314.4757.90
1976113.79%57,408.9658.00
197612-0.54%57,100.5358.20
19771-2.37%55,748.0558.50
19772-0.05%55,717.8459.10
19773-1.19%55,052.7559.50
197740.06%55,088.2660.00
197750.90%55,583.9360.30
197761.28%56,296.7660.70
19777-2.08%55,126.5661.00
19778-1.18%54,478.6461.20
19779-2.20%53,281.2861.40
1977100.98%53,804.0461.60
197711-0.08%53,760.9261.90
197712-3.39%51,938.2462.10
19781-0.97%51,433.4062.50
197820.27%51,570.0462.90
197834.83%54,060.8763.40
197845.50%57,036.5663.90
197850.67%57,420.7364.50
19786-0.06%57,384.9665.20
197877.33%61,590.2165.70
197880.40%61,836.3866.00
19789-2.77%60,121.3566.50
197810-5.44%56,852.1667.10
1978111.92%57,945.3367.40
1978124.19%60,370.5267.70
19791-1.06%59,732.4368.30
197922.34%61,130.8769.10
197932.43%62,616.9069.80
19794-1.89%61,431.5470.60
197952.42%62,916.7471.50
197961.42%63,810.6972.30
197975.01%67,010.3773.10
197981.54%68,042.6373.80
19799-3.35%65,761.4974.60
197910-0.32%65,549.4575.20
1979114.40%68,436.2575.90
1979123.31%70,703.1776.70
198014.40%73,811.1877.80
19802-8.78%67,332.1678.90
19803-1.16%66,549.7380.10
198045.04%69,901.2681.00
198056.86%74,698.3781.80
198064.97%78,410.4782.70
198073.50%81,158.5182.70
198082.84%83,460.0183.30
198093.32%86,234.8684.00
1980104.61%90,214.3484.80
198011-1.24%89,091.3785.50
1980120.01%89,100.2786.30
19811-3.07%86,364.7387.00
198124.14%89,943.0887.90
198131.29%91,106.7688.50
19814-1.62%89,633.3289.10
198150.86%90,402.0189.80
19816-2.02%88,579.2790.60
198170.80%89,290.1891.60
19818-8.30%81,876.7092.30
198191.73%83,290.9193.20
1981103.04%85,826.0693.40
1981111.18%86,838.2793.70
198112-4.80%82,666.4594.00
19821-1.91%81,084.3094.30
19822-2.74%78,858.9194.60
198235.47%83,171.9594.50
198240.57%83,645.7494.90
19825-5.27%79,237.0995.80
198260.24%79,430.3197.00
198270.79%80,060.9797.50
1982812.10%89,745.4497.70
198298.88%97,716.0997.90
1982104.50%102,113.2498.20
1982111.36%103,497.3898.00
1982123.93%107,560.4397.60
198312.13%109,851.4997.80
198323.87%114,097.9297.90
198334.20%118,887.0597.90
198344.42%124,146.6398.60
198351.75%126,323.5599.20
198360.71%127,218.0999.50
19837-2.41%124,155.7199.90
198383.31%128,270.02100.20
198390.65%129,101.12100.70
198310-1.14%127,627.53101.00
198311-0.13%127,464.00101.20
1983121.58%129,472.75101.30
19841-5.11%122,853.87101.90
198420.44%123,397.33102.40
198430.51%124,023.20102.60
19844-0.25%123,709.95103.10
19845-1.85%121,423.42103.40
19846-0.91%120,320.35103.70
198479.21%131,397.71104.10
198481.41%133,246.43104.50
19849-0.41%132,696.92105.00
1984101.29%134,403.28105.30
198411-0.71%133,452.30105.30
1984124.70%139,721.31105.30
198515.79%147,807.49105.50
19852-0.48%147,100.50106.00
198531.02%148,607.85106.40
198542.74%152,673.22106.90
198552.51%156,506.79107.30
198562.25%160,023.85107.60
19857-1.85%157,070.91107.80
19858-1.88%154,110.13108.00
198591.50%156,414.95108.30
1985106.42%166,457.59108.70
1985115.29%175,270.72109.00
1985120.75%176,588.28109.30
198615.70%186,648.95109.60
198626.18%198,189.02109.30
198632.74%203,622.23108.80
198640.49%204,623.70108.60
198653.13%211,035.06108.90
19866-1.80%207,228.17109.50
198672.28%211,954.74109.50
19868-2.46%206,748.63109.70
19869-0.09%206,562.82110.20
1986103.53%213,860.58110.30
1986111.71%217,515.33110.40
1986126.67%232,030.93110.50
198716.46%247,024.49111.20
198724.38%257,835.29111.60
19873-0.86%255,627.16112.10
198740.17%256,068.96112.70
198754.50%267,588.08113.10
198763.12%275,942.44113.50
198776.45%293,751.80113.80
19878-3.03%284,849.87114.40
19879-11.85%251,084.09115.00
198710-12.30%220,192.17115.30
198711-1.33%217,253.28115.40
1987124.25%226,479.04115.40
198813.33%234,017.54115.70
198823.23%241,581.12116.00
19883-0.89%239,440.65116.50
19884-2.19%234,201.05117.10
198856.00%248,248.90117.50
19886-0.31%247,486.97118.00
19887-1.72%243,233.95118.50
198881.93%247,921.48119.00
198893.80%257,346.50119.80
198810-2.02%252,147.46120.20
1988112.33%258,012.30120.30
1988123.51%267,075.39120.50
198913.30%275,888.48121.10
19892-0.16%275,442.48121.60
198933.56%285,261.45122.30
198944.12%297,000.82123.10
198953.39%307,076.94123.80
198962.80%315,675.63124.10
198974.69%330,483.19124.40
198980.46%331,988.67124.60
198990.29%332,939.00125.00
198910-1.81%326,900.99125.60
1989112.74%335,847.31125.90
198912-2.21%328,420.96126.10
19901-2.53%320,121.16127.40
199022.71%328,787.38128.00
199030.20%329,431.75128.70
199043.85%342,117.92128.90
199053.17%352,962.91129.20
199060.17%353,561.98129.90
19907-7.86%325,767.67130.40
19908-4.34%311,625.89131.60
19909-2.32%304,409.36132.70
1990102.98%313,492.37133.50
1990114.59%327,871.03133.80
199012-0.69%325,624.55133.80
1991111.61%363,419.06134.60
199123.04%374,483.79134.80
199132.26%382,942.74135.00
19914-0.18%382,257.73135.20
199150.35%383,584.21135.60
199160.78%386,578.03136.00
199172.68%396,934.20136.20
19918-0.30%395,731.09136.60
199190.18%396,449.92137.20
1991100.02%396,512.54137.40
1991110.94%400,220.48137.80
1991127.36%429,668.81137.90
19921-0.60%427,087.16138.10
19922-1.01%422,763.43138.60
199230.26%423,880.80139.30
199242.07%432,648.14139.50
19925-1.33%426,897.72139.70
199261.91%435,060.57140.20
199270.94%439,157.63140.50
199280.38%440,818.46140.90
19929-1.18%435,607.74141.30
1992102.76%447,617.03141.80
1992113.27%462,259.48142.00
1992120.14%462,920.01141.90
199311.72%470,901.90142.60
199322.15%481,027.01143.10
19933-1.34%474,572.85143.60
199340.72%478,012.20144.00
199350.87%482,147.88144.20
199360.06%482,442.00144.40
199371.76%490,944.88144.40
199381.35%497,597.04144.80
199391.24%503,776.74145.10
1993100.01%503,814.74145.70
1993110.89%508,284.49145.80
1993121.74%517,107.70145.80
19941-0.08%516,716.24146.20
19942-1.42%509,359.14146.70
19943-3.35%492,314.06147.20
199441.06%497,523.93147.40
199451.11%503,036.96147.50
19946-0.52%500,426.83148.00
199473.08%515,850.37148.40
199480.82%520,067.27149.00
19949-0.44%517,758.14149.40
199410-0.37%515,843.03149.50
199411-1.03%510,552.00149.70
1994122.45%523,066.52149.70
199513.82%543,042.92150.30
199522.56%556,934.88150.90
199533.22%574,843.42151.40
199543.35%594,087.80151.90
199553.18%612,970.41152.20
199563.55%634,715.42152.50
199570.51%637,972.29152.50
199583.72%661,689.96152.90
199590.91%667,728.33153.20
1995102.36%683,475.94153.70
1995113.39%706,639.88153.60
1995120.16%707,788.73153.50
199615.90%749,579.37154.40
19962-0.20%748,074.98154.90
199630.20%749,549.00155.70
199642.35%767,199.58156.30
199651.28%777,008.94156.60
19966-3.48%749,995.72156.70
199673.08%773,063.73157.00
199682.02%788,708.43157.30
199694.12%821,199.26157.80
1996105.05%862,686.92158.30
1996111.20%873,023.87158.60
1996123.26%901,462.97158.60
199714.36%940,777.25159.10
19972-0.62%934,909.76159.60
19973-3.41%903,073.78160.00
199749.22%986,317.59160.20
199755.34%1,038,955.64160.10
199765.74%1,098,549.35160.30
199770.35%1,102,369.98160.50
199781.19%1,115,510.32160.80
199791.65%1,133,864.66161.20
199710-1.15%1,120,802.05161.60
1997112.63%1,150,330.88161.50
1997120.24%1,153,058.18161.30
199816.40%1,226,878.79161.60
199825.31%1,292,061.30161.90
199833.41%1,336,064.71162.20
19984-0.22%1,333,100.55162.50
199850.12%1,334,653.04162.80
199864.47%1,394,280.88163.00
19987-6.97%1,297,085.46163.20
19988-4.90%1,233,548.38163.40
199891.29%1,249,471.72163.60
19981010.97%1,386,593.55164.00
1998114.10%1,443,500.80164.00
1998125.05%1,516,364.21163.90
19991-0.07%1,515,352.64164.30
199922.92%1,559,654.12164.50
199934.25%1,625,939.77165.00
19994-0.10%1,624,332.82166.20
19995-0.61%1,614,395.69166.20
199964.52%1,687,404.91166.20
19997-3.77%1,623,715.74166.70
19998-0.60%1,614,005.65167.10
19999-1.27%1,593,467.90167.90
1999107.11%1,706,698.92168.20
1999112.81%1,754,635.50168.30
199912-0.12%1,752,548.66168.30
20001-2.48%1,709,119.15168.80
200023.94%1,776,474.75169.80
200031.42%1,801,783.57171.20
20004-2.84%1,750,634.64171.30
200053.16%1,806,015.62171.50
200060.85%1,821,372.94172.40
200070.94%1,838,488.58172.80
20008-1.08%1,818,639.33172.80
20009-5.21%1,723,811.30173.70
200010-0.77%1,710,493.75174.00
200011-3.32%1,653,704.10174.10
2000120.46%1,661,228.58174.00
20011-2.14%1,625,740.45175.10
20012-9.08%1,478,124.80175.80
200130.45%1,484,757.05176.20
200146.88%1,586,898.43176.90
20015-2.39%1,548,992.94177.70
20016-2.66%1,507,786.21178.00
20017-2.05%1,476,939.33177.50
20018-11.25%1,310,823.17177.50
200193.18%1,352,560.19178.30
2001105.05%1,420,907.03177.70
2001111.47%1,441,738.23177.40
200112-0.30%1,437,446.33176.70
20021-3.35%1,389,252.07177.10
200224.95%1,457,954.35177.80
20023-3.51%1,406,715.53178.80
20024-2.82%1,367,040.93179.80
20025-5.92%1,286,099.00179.80
20026-10.76%1,147,734.05179.90
200271.14%1,160,804.34180.10
20028-4.76%1,105,576.41180.70
20029-1.37%1,090,462.70181.00
2002106.63%1,162,712.15181.30
200211-1.04%1,150,677.36181.30
200212-0.22%1,148,116.90180.90
20031-6.41%1,074,467.09181.70
200321.31%1,088,520.02183.10
200335.29%1,146,057.66184.20
200345.31%1,206,938.66183.80
200355.70%1,275,784.68183.50
200360.60%1,283,387.09183.70
20037-0.17%1,281,252.51183.90
200383.16%1,321,755.22184.60
200392.03%1,348,558.15185.20
2003101.21%1,364,883.61185.00
2003113.06%1,406,701.05184.50
2003124.93%1,476,121.21184.30
200411.09%1,492,161.66185.20
20042-1.57%1,468,806.39186.20
200430.97%1,483,026.45187.40
20044-2.56%1,444,997.90188.00
200452.86%1,486,291.27189.10
20046-2.24%1,453,016.48189.70
20047-1.39%1,432,854.86189.40
200482.78%1,472,725.83189.50
200490.10%1,474,236.78189.90
2004104.77%1,544,615.31190.90
2004112.73%1,586,743.88191.00
200412-1.35%1,565,335.19190.30
200511.68%1,591,651.71190.70
20052-0.26%1,587,583.63191.80
20053-2.41%1,549,340.04193.30
200541.34%1,570,037.22194.60
200552.18%1,604,274.98194.40
200561.81%1,633,276.92194.50
200570.31%1,638,340.37195.40
200580.28%1,642,922.65196.40
20059-2.62%1,599,808.76198.80
2005103.96%1,663,185.86199.20
2005112.14%1,698,846.74197.60
2005121.47%1,723,764.92196.80
20061-0.02%1,723,478.09198.30
200621.49%1,749,091.35198.70
200630.80%1,763,054.89199.80
20064-0.79%1,749,186.07201.50
20065-2.71%1,701,856.72202.50
200660.72%1,714,110.78202.90
200672.29%1,753,394.07203.50
200682.53%1,797,775.52203.90
200693.62%1,862,781.52202.90
2006102.00%1,900,067.75201.80
2006112.15%1,940,886.24201.50
2006120.69%1,954,333.22201.80
200711.60%1,985,525.32202.42
20072-2.47%1,936,405.58203.50
200734.18%2,017,352.37205.35
200743.39%2,085,775.98206.69
200750.34%2,092,969.85207.95
200760.57%2,104,996.47208.35
20077-4.20%2,016,563.30208.30
200783.07%2,078,567.45207.92
200792.99%2,140,750.55208.49
200710-4.81%2,037,859.44208.94
2007111.24%2,063,092.64210.18
200712-6.64%1,926,202.38210.04
20081-1.56%1,896,077.23211.08
20082-2.63%1,846,274.19211.69
200834.24%1,924,626.42213.53
200842.56%1,973,946.98214.82
20085-4.25%1,890,121.70216.63
20086-6.08%1,775,231.19218.82
200872.11%1,812,698.06219.96
20088-4.85%1,724,826.87219.09
20089-20.19%1,376,522.49218.78
200810-8.61%1,258,067.94216.57
200811-0.35%1,253,649.39212.43
200812-1.10%1,239,914.95210.23
20091-6.70%1,156,809.57211.14
20092-5.69%1,091,016.76212.19
2009312.32%1,225,449.12212.71
200946.66%1,307,061.84213.24
200952.87%1,344,559.63213.86
200961.28%1,361,738.29215.69
200978.12%1,472,321.59215.35
200983.65%1,526,066.38215.83
200992.40%1,562,739.41215.97
2009102.09%1,595,468.26216.18
2009112.23%1,630,981.11216.33
2009121.36%1,653,113.00215.95
20101-2.90%1,605,197.96216.69
201025.94%1,700,595.45216.74
201034.09%1,770,114.60217.63
20104-5.88%1,665,989.44218.01
20105-3.54%1,606,954.04218.18
20106-0.16%1,604,397.81217.97
201070.86%1,618,253.57218.01
201083.37%1,672,807.40218.31
201094.58%1,749,379.10218.44
2010102.49%1,792,954.63218.71
2010113.71%1,859,540.24218.80
2010123.46%1,923,921.11219.18
201113.15%1,984,541.25220.22
20112-1.11%1,962,464.00221.31
201132.22%2,006,049.99223.47
201140.66%2,019,274.57224.91
20115-3.66%1,945,316.62225.96
201163.10%2,005,655.20225.72
20117-10.40%1,797,054.08225.92
20118-0.79%1,782,870.92226.55
201193.02%1,836,694.12226.89
2011101.77%1,869,150.75226.42
2011111.55%1,898,211.40226.23
2011124.78%1,988,994.46225.67
201214.16%2,071,788.51226.67
201222.88%2,131,535.52227.66
20123-0.04%2,130,721.05229.39
20124-3.09%2,064,861.48230.09
20125-1.15%2,041,065.79229.82
201262.92%2,100,687.10229.48
201273.39%2,171,852.09229.10
201283.02%2,237,467.35230.38
20129-0.22%2,232,609.03231.41
201210-2.84%2,169,258.88231.32
2012112.18%2,216,451.87230.22
2012124.27%2,311,066.91229.60
201312.33%2,364,984.61230.28
201322.72%2,429,370.23232.17
201331.45%2,464,688.20232.77
201344.57%2,577,429.69232.53
20135-1.12%2,548,619.83232.95
201363.25%2,631,564.08233.50
201370.25%2,638,209.52233.60
201381.19%2,669,669.31233.88
201392.12%2,726,200.89234.15
2013103.86%2,831,432.08233.55
2013111.52%2,874,516.90233.07
2013120.97%2,902,336.69233.05
20141-0.13%2,898,562.61233.92
201422.72%2,977,469.29234.78
201430.20%2,983,475.56236.29
201441.53%3,029,183.44237.07
201453.20%3,126,005.77237.90
201461.50%3,172,765.25238.34
20147-0.43%3,159,219.11238.25
201481.78%3,215,391.09237.85
20149-2.65%3,130,293.07238.03
2014105.71%3,308,896.71237.43
2014110.63%3,329,871.40236.15
201412-1.11%3,292,908.31234.81
201512.83%3,386,011.94233.71
201520.06%3,387,886.55234.72
201530.88%3,417,646.07236.12
201540.98%3,451,101.54236.60
20155-0.44%3,436,071.99237.81
20156-0.08%3,433,335.85238.64
20157-2.42%3,350,098.14238.65
20158-4.51%3,199,106.02238.32
201594.32%3,337,215.24237.95
2015102.93%3,435,078.07237.84
201511-1.10%3,397,190.20237.34
201512-6.42%3,179,103.44236.53
20161-0.55%3,161,621.26236.92
201626.36%3,362,786.61237.11
201632.83%3,457,995.85238.13
20164-0.30%3,447,470.91239.26
201651.07%3,484,237.85240.23
201663.30%3,599,128.46241.02
201671.20%3,642,291.26240.63
20168-0.44%3,626,313.58240.85
20169-0.51%3,607,965.12241.43
2016101.20%3,651,302.58241.73
2016113.95%3,795,381.66241.35
2016121.44%3,849,945.38241.43
201712.58%3,949,137.12242.84
201721.75%4,018,217.67243.60
20173-0.15%4,012,029.45243.80
201741.69%4,079,927.97244.52
201751.78%4,152,404.95244.73
201760.99%4,193,425.90244.96
201770.25%4,203,817.43244.79
201781.65%4,273,317.59245.52
201792.73%4,390,184.24246.82
2017101.59%4,459,969.24246.66
2017112.88%4,588,571.85246.67
2017124.86%4,811,663.54246.52
20181-2.89%4,672,765.90247.87
201820.06%4,675,783.49248.99
20183-1.66%4,597,979.77249.55
201841.96%4,688,174.71250.55
201852.11%4,787,234.43251.59
201861.58%4,862,908.25251.99
201872.45%4,982,088.64252.01
201881.68%5,065,775.17252.15
20189-3.85%4,870,794.18252.44
201810-2.08%4,769,671.22252.89
201811-5.56%4,504,357.68252.04
2018121.74%4,582,536.95251.23
201915.83%4,849,648.56251.71
201921.95%4,944,120.78252.78
201933.72%5,128,201.25254.20
20194-1.53%5,049,648.05255.55
201951.40%5,120,582.94256.09
201963.83%5,316,565.26256.14
20197-3.13%5,149,922.09256.57
201983.09%5,308,808.90256.56
201990.01%5,309,329.31256.76
2019104.43%5,544,728.63257.35
2019112.47%5,681,645.72257.21
2019123.35%5,871,776.17256.97
202010.12%5,878,944.24257.97
20202-18.92%4,766,782.68258.68
202034.32%4,972,641.65258.12
202045.89%5,265,399.23256.39
202056.51%5,608,085.72256.39
202063.48%5,803,047.17257.80
202075.89%6,145,050.04259.10
20208-0.63%6,106,520.41259.92
202091.73%6,211,919.04260.28
2020103.95%6,457,545.56260.39
2020114.26%6,732,642.20260.23
2020122.80%6,920,839.73260.47
202112.49%7,093,274.43261.58
202120.82%7,151,535.58263.01
202136.02%7,582,164.30264.88
202140.76%7,639,806.30267.05
202151.81%7,778,119.10269.20
202163.07%8,016,767.46271.70
202172.19%8,191,946.81273.00
20218-0.08%8,185,024.71273.57
202190.45%8,222,035.43274.31
2021104.74%8,612,149.97276.59
2021110.27%8,635,006.93277.95
202112-2.05%8,457,820.65278.80
20221-2.90%8,212,326.50281.15
20222-0.89%8,139,024.62283.72
202230.12%8,148,653.24287.50
20224-7.87%7,507,131.74289.11
20225-3.37%7,254,187.58292.30
202260.46%7,287,896.73296.31
202276.45%7,757,776.13296.28
20228-7.28%7,193,211.41296.17
20229-3.09%6,970,856.65296.81
2022105.29%7,339,272.99298.01
2022110.01%7,340,068.38297.71
2022121.38%7,441,101.21296.80
Click to show 762 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 $12,000.00 up-front. Instead, the capital is invested over a period of time.

Consider a strategy in which $12,000.00 was invested in the S&P 500 over a period of no more than 24 months beginning in 1958. This would result in a final amount of $5,797,105.54, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $7,441,101.21).

YearMonthContribution ($)Amount ($)
19581500.00501.70
19582500.001,024.14
19583500.001,536.05
19584500.002,106.76
19585500.002,676.40
19586500.003,272.33
19587500.003,923.70
19588500.004,552.41
19589500.005,271.18
195810500.005,961.72
195811500.006,600.07
195812500.007,400.79
19591500.007,799.52
19592500.008,531.08
19593500.009,204.65
19594500.009,874.68
19595500.0010,310.50
19596500.0011,266.23
19597500.0011,727.50
19598500.0011,773.42
19599500.0012,293.79
195910500.0012,878.07
195911500.0013,840.04
195912500.0014,125.68
19601-13,615.85
19602-13,469.06
19603-13,682.44
19604-13,596.99
19605-14,139.25
19606-13,828.73
19607-14,034.90
19608-13,653.05
19609-13,424.50
196010-13,899.84
196011-14,273.84
196012-15,048.47
19611-15,706.71
19612-16,240.27
19613-16,714.32
19614-16,925.49
19615-16,742.66
19616-16,737.98
19617-17,380.55
19618-17,286.39
19619-17,518.56
196110-18,354.55
196111-18,568.02
196112-17,920.53
19621-18,262.72
19622-18,324.99
19623-17,785.33
19624-16,507.44
19625-14,623.49
19626-15,020.86
19627-15,474.95
19628-15,383.13
19629-14,943.74
196210-16,019.82
196211-16,760.54
196212-17,455.55
19631-17,734.06
19632-17,714.85
19633-18,596.73
19634-19,018.79
19635-19,059.99
19636-18,827.10
19637-19,397.78
19638-19,959.07
19639-20,058.85
196310-19,997.35
196311-20,475.96
196312-21,157.85
19641-21,470.97
19642-21,915.64
19643-22,286.69
19644-22,558.67
19645-22,479.56
19646-23,369.99
19647-23,083.55
19648-23,537.24
19649-24,000.97
196410-24,225.85
196411-23,864.81
196412-24,537.98
19651-24,777.24
19652-24,860.39
19653-25,247.62
19654-25,685.06
19655-24,527.35
19656-24,552.58
19657-25,072.75
19658-25,974.39
19659-26,622.93
196510-26,909.39
196511-26,852.44
196512-27,384.24
19661-27,266.38
19662-26,213.26
19663-27,083.79
19664-25,727.54
19665-25,583.59
19666-25,588.30
19667-24,111.99
19668-23,334.42
19669-23,202.72
196610-24,436.19
196611-24,611.10
196612-25,627.61
19671-26,583.53
19672-27,283.67
19673-27,827.29
19674-28,399.88
19675-28,118.21
19676-28,678.44
19677-29,209.46
19678-29,692.56
19679-29,721.49
196710-28,864.99
196711-29,763.19
196712-29,757.99
19681-28,491.20
19682-28,046.95
19683-30,195.84
19684-30,968.15
19685-31,878.83
19686-31,894.43
19687-31,277.61
19688-32,374.73
19689-33,254.41
196810-33,848.25
196811-34,283.31
196812-32,917.07
19691-32,838.55
19692-32,210.08
19693-32,942.62
19694-34,100.06
19695-32,404.84
19696-31,042.11
19697-30,954.07
19698-31,148.62
19699-31,568.01
196910-31,882.89
196911-30,279.98
196912-30,101.62
19701-29,139.55
19702-29,725.91
19703-28,909.13
19704-25,671.60
19705-25,602.31
19706-25,736.10
19707-26,574.01
19708-28,253.83
19709-28,957.21
197010-29,017.08
197011-31,094.23
197012-32,372.41
19711-33,716.21
19712-34,671.00
19713-35,944.77
19714-35,546.54
19715-34,979.27
19716-34,817.33
19717-34,289.11
19718-35,141.68
19719-34,486.75
197110-32,979.15
197111-35,341.65
197112-36,904.64
19721-37,674.83
19722-38,661.77
19723-39,148.48
19724-38,844.73
19725-39,045.21
19726-38,848.47
19727-40,318.38
19728-39,830.34
19729-39,996.60
197210-42,098.11
197211-43,071.21
197212-43,497.34
19731-42,051.00
19732-41,485.27
19733-40,807.69
19734-39,759.03
19735-38,967.91
19736-39,439.51
19737-38,794.51
19738-39,568.57
19739-41,244.43
197310-38,418.01
197311-35,803.55
197312-36,412.37
19741-35,511.94
19742-37,136.48
19743-35,347.75
19744-34,391.36
19745-34,548.60
19746-30,628.43
19747-29,475.34
19748-26,523.80
19749-27,154.25
197410-28,170.76
197411-26,454.64
197412-28,738.41
19751-31,844.32
19752-33,428.15
19753-33,925.23
19754-36,202.51
19755-37,250.44
19756-37,411.36
19757-34,793.96
19758-34,497.28
19759-36,212.23
197510-36,951.58
197511-36,515.68
197512-40,001.21
19761-41,672.51
19762-42,006.90
19763-42,467.06
19764-42,304.30
19765-42,685.28
19766-43,823.00
19767-43,577.32
19768-44,639.68
19769-43,252.18
197610-43,093.60
197611-44,725.34
197612-44,485.06
19771-43,431.38
19772-43,407.85
19773-42,889.70
19774-42,917.37
19775-43,303.52
19776-43,858.87
19777-42,947.21
19778-42,442.43
19779-41,509.61
197710-41,916.88
197711-41,883.28
197712-40,463.29
19781-40,069.99
19782-40,176.44
19783-42,116.96
19784-44,435.22
19785-44,734.51
19786-44,706.65
19787-47,982.81
19788-48,174.60
19789-46,838.47
197810-44,291.56
197811-45,143.21
197812-47,032.59
19791-46,535.48
19792-47,624.95
19793-48,782.67
19794-47,859.20
19795-49,016.26
19796-49,712.71
19797-52,205.47
19798-53,009.67
19799-51,232.51
197910-51,067.32
197911-53,316.32
197912-55,082.40
19801-57,503.75
19802-52,456.17
19803-51,846.60
19804-54,457.67
19805-58,194.92
19806-61,086.90
19807-63,227.80
19808-65,020.82
19809-67,182.61
198010-70,282.88
198011-69,408.02
198012-69,414.95
19811-67,283.79
19812-70,071.56
19813-70,978.14
19814-69,830.23
19815-70,429.09
19816-69,009.06
19817-69,562.90
19818-63,787.32
19819-64,889.08
198110-66,864.13
198111-67,652.70
198112-64,402.59
19821-63,169.99
19822-61,436.26
19823-64,796.40
19824-65,165.51
19825-61,730.89
19826-61,881.42
19827-62,372.74
19828-69,917.58
19829-76,127.24
198210-79,552.90
198211-80,631.24
198212-83,796.63
19831-85,581.51
19832-88,889.76
19833-92,620.81
19834-96,718.36
19835-98,414.32
19836-99,111.23
19837-96,725.44
19838-99,930.76
19839-100,578.23
198310-99,430.21
198311-99,302.81
198312-100,867.76
19841-95,711.22
19842-96,134.61
19843-96,622.20
19844-96,378.16
19845-94,596.80
19846-93,737.44
19847-102,367.43
19848-103,807.71
19849-103,379.60
198410-104,708.96
198411-103,968.09
198412-108,852.06
19851-115,151.72
19852-114,600.93
19853-115,775.26
19854-118,942.44
19855-121,929.05
19856-124,669.06
19857-122,368.53
19858-120,061.89
19859-121,857.50
198510-129,681.38
198511-136,547.38
198512-137,573.84
19861-145,411.76
19862-154,402.24
19863-158,635.06
19864-159,415.28
19865-164,410.14
19866-161,444.32
19867-165,126.63
19868-161,070.73
19869-160,925.97
198610-166,611.41
198611-169,458.70
198612-180,767.30
19871-192,448.27
19872-200,870.59
19873-199,150.31
19874-199,494.51
19875-208,468.65
19876-214,977.25
19877-228,851.90
19878-221,916.72
19879-195,610.96
198710-171,544.14
198711-169,254.55
198712-176,442.01
19881-182,315.00
19882-188,207.53
19883-186,539.96
19884-182,457.97
19885-193,402.16
19886-192,808.57
19887-189,495.19
19888-193,147.08
19889-200,489.79
198810-196,439.40
198811-201,008.49
198812-208,069.23
19891-214,935.21
19892-214,587.74
19893-222,237.37
19894-231,383.11
19895-239,233.06
19896-245,932.00
19897-257,468.07
19898-258,640.93
19899-259,381.30
198910-254,677.29
198911-261,647.06
198912-255,861.46
19901-249,395.37
19902-256,146.92
19903-256,648.93
19904-266,532.28
19905-274,981.24
19906-275,447.95
19907-253,794.36
19908-242,777.00
19909-237,154.84
199010-244,231.10
199011-255,433.02
199012-253,682.87
19911-283,127.27
19912-291,747.42
19913-298,337.49
19914-297,803.83
19915-298,837.24
19916-301,169.62
19917-309,237.76
19918-308,300.45
19919-308,860.47
199110-308,909.25
199111-311,797.99
199112-334,740.16
19921-332,728.89
19922-329,360.42
19923-330,230.93
19924-337,061.26
19925-332,581.30
19926-338,940.70
19927-342,132.57
19928-343,426.48
19929-339,366.98
199210-348,723.00
199211-360,130.43
199212-360,645.03
19931-366,863.44
19932-374,751.57
19933-369,723.36
19934-372,402.83
19935-375,624.80
19936-375,853.94
19937-382,478.24
19938-387,660.71
19939-392,475.10
199310-392,504.71
199311-395,986.93
199312-402,860.79
19941-402,555.82
19942-396,824.15
19943-383,544.92
19944-387,603.75
19945-391,898.76
19946-389,865.30
19947-401,881.25
19948-405,166.49
19949-403,367.52
199410-401,875.53
199411-397,753.47
199412-407,503.10
19951-423,066.03
19952-433,888.77
19953-447,840.70
19954-462,833.33
19955-477,544.13
19956-494,484.91
19957-497,022.23
19958-515,499.85
19959-520,204.13
199510-532,472.55
199511-550,518.78
199512-551,413.81
19961-583,971.45
19962-582,799.44
19963-583,947.80
19964-597,698.75
19965-605,340.89
19966-584,295.82
19967-602,267.32
19968-614,455.56
19969-639,768.04
199610-672,089.65
199611-680,142.81
199612-702,298.74
19971-732,927.13
19972-728,355.98
19973-703,553.66
19974-768,406.05
19975-809,414.53
19976-855,841.94
19977-858,818.47
19978-869,055.65
19979-883,354.88
199710-873,178.25
199711-896,183.15
199712-898,307.90
19981-955,818.99
19982-1,006,600.43
19983-1,040,881.98
19984-1,038,572.70
19985-1,039,782.19
19986-1,086,236.19
19987-1,010,514.59
19988-961,015.03
19989-973,420.36
199810-1,080,247.25
199811-1,124,581.73
199812-1,181,347.10
19991-1,180,559.02
19992-1,215,072.78
19993-1,266,713.64
19994-1,265,461.73
19995-1,257,720.05
19996-1,314,599.02
19997-1,264,980.98
19998-1,257,416.19
19999-1,241,415.93
199910-1,329,630.32
199911-1,366,976.05
199912-1,365,350.27
20001-1,331,515.84
20002-1,383,990.26
20003-1,403,707.49
20004-1,363,859.13
20005-1,407,004.54
20006-1,418,968.90
20007-1,432,303.10
20008-1,416,839.23
20009-1,342,961.98
200010-1,332,586.74
200011-1,288,343.88
200012-1,294,205.94
20011-1,266,558.37
20012-1,151,556.09
20013-1,156,723.05
20014-1,236,297.88
20015-1,206,767.03
20016-1,174,664.28
20017-1,150,632.54
20018-1,021,217.16
20019-1,053,733.04
200110-1,106,979.71
200111-1,123,208.58
200112-1,119,864.90
20021-1,082,318.42
20022-1,135,841.99
20023-1,095,923.60
20024-1,065,014.48
20025-1,001,955.42
20026-894,160.05
20027-904,342.66
20028-861,316.48
20029-849,541.92
200210-905,828.97
200211-896,453.08
200212-894,458.32
20031-837,080.28
20032-848,028.44
20033-892,854.03
20034-940,284.32
20035-993,919.88
20036-999,842.66
20037-998,179.68
20038-1,029,733.94
20039-1,050,615.19
200310-1,063,333.79
200311-1,095,912.32
200312-1,149,995.17
20041-1,162,491.73
20042-1,144,296.45
20043-1,155,374.81
20044-1,125,748.07
20045-1,157,918.31
20046-1,131,995.07
20047-1,116,287.85
20048-1,147,349.94
20049-1,148,527.07
200410-1,203,356.56
200411-1,236,177.48
200412-1,219,498.70
20051-1,240,001.00
20052-1,236,831.70
20053-1,207,037.44
20054-1,223,161.89
20055-1,249,835.35
20056-1,272,429.76
20057-1,276,374.53
20058-1,279,944.43
20059-1,246,355.87
200510-1,295,730.79
200511-1,323,512.95
200512-1,342,925.85
20061-1,342,702.39
20062-1,362,656.80
20063-1,373,535.31
20064-1,362,730.60
20065-1,325,857.93
20066-1,335,404.64
20067-1,366,008.90
20068-1,400,584.96
20069-1,451,228.89
200610-1,480,277.31
200611-1,512,077.59
200612-1,522,553.67
20071-1,546,854.35
20072-1,508,586.86
20073-1,571,649.72
20074-1,624,956.19
20075-1,630,560.69
20076-1,639,930.21
20077-1,571,034.98
20078-1,619,340.27
20079-1,667,784.99
200710-1,587,626.07
200711-1,607,284.39
200712-1,500,637.90
20081-1,477,168.43
20082-1,438,368.60
20083-1,499,410.12
20084-1,537,834.07
20085-1,472,528.68
20086-1,383,021.45
20087-1,412,210.60
20088-1,343,753.18
20089-1,072,401.24
200810-980,117.38
200811-976,675.04
200812-965,975.01
20091-901,230.47
20092-849,973.56
20093-954,705.18
20094-1,018,286.84
20095-1,047,500.08
20096-1,060,883.38
20097-1,147,035.01
20098-1,188,905.73
20099-1,217,476.42
200910-1,242,974.34
200911-1,270,641.18
200912-1,287,883.37
20101-1,250,554.42
20102-1,324,875.31
20103-1,379,035.29
20104-1,297,914.96
20105-1,251,922.52
20106-1,249,931.05
20107-1,260,725.59
20108-1,303,226.60
20109-1,362,880.97
201010-1,396,829.17
201011-1,448,703.72
201012-1,498,860.64
20111-1,546,087.70
20112-1,528,888.08
20113-1,562,844.42
20114-1,573,147.24
20115-1,515,529.14
20116-1,562,536.85
20117-1,400,022.91
20118-1,388,973.30
20119-1,430,905.10
201110-1,456,190.94
201111-1,478,831.09
201112-1,549,557.04
20121-1,614,059.04
20122-1,660,605.87
20123-1,659,971.35
20124-1,608,662.43
20125-1,590,124.02
20126-1,636,572.93
20127-1,692,015.12
20128-1,743,133.71
20129-1,739,348.76
201210-1,689,994.84
201211-1,726,761.28
201212-1,800,472.60
20131-1,842,478.01
20132-1,892,638.63
20133-1,920,153.65
20134-2,007,986.66
20135-1,985,541.88
20136-2,050,160.89
20137-2,055,338.13
20138-2,079,847.36
20139-2,123,889.17
201310-2,205,871.16
201311-2,239,437.06
201312-2,261,110.50
20141-2,258,170.25
20142-2,319,643.72
20143-2,324,323.00
20144-2,359,932.44
20145-2,435,363.38
20146-2,471,792.08
20147-2,461,238.74
20148-2,505,000.40
20149-2,438,703.47
201410-2,577,847.41
201411-2,594,188.06
201412-2,565,391.39
20151-2,637,925.22
20152-2,639,385.67
20153-2,662,570.29
20154-2,688,634.29
20155-2,676,925.29
20156-2,674,793.65
20157-2,609,946.02
20158-2,492,313.26
20159-2,599,909.40
201510-2,676,150.96
201511-2,646,633.82
201512-2,476,729.94
20161-2,463,110.18
20162-2,619,831.17
20163-2,694,005.40
20164-2,685,805.79
20165-2,714,449.65
20166-2,803,956.96
20167-2,837,583.61
20168-2,825,135.95
20169-2,810,841.30
201610-2,844,604.02
201611-2,956,851.06
201612-2,999,359.78
20171-3,076,636.65
20172-3,130,454.92
20173-3,125,633.90
20174-3,178,531.29
20175-3,234,995.61
20176-3,266,953.62
20177-3,275,049.30
20178-3,329,194.48
20179-3,420,241.26
201710-3,474,608.35
201711-3,574,798.21
201712-3,748,601.26
20181-3,640,390.90
20182-3,642,741.80
20183-3,582,127.60
20184-3,652,395.37
20185-3,729,569.38
20186-3,788,524.25
20187-3,881,373.59
20188-3,946,570.87
20189-3,794,667.90
201810-3,715,886.49
201811-3,509,189.85
201812-3,570,096.63
20191-3,778,194.08
20192-3,851,794.13
20193-3,995,204.88
20194-3,934,006.79
20195-3,989,269.72
20196-4,141,952.79
20197-4,012,126.84
20198-4,135,910.08
20199-4,136,315.51
201910-4,319,707.01
201911-4,426,374.39
201912-4,574,498.48
20201-4,580,082.88
20202-3,713,636.13
20203-3,874,013.75
20204-4,102,091.10
20205-4,369,066.34
20206-4,520,954.08
20207-4,787,396.73
20208-4,757,379.63
20209-4,839,492.07
202010-5,030,851.23
202011-5,245,169.54
202012-5,391,787.75
20211-5,526,125.68
20212-5,571,514.94
20213-5,907,002.93
20214-5,951,909.83
20215-6,059,664.56
20216-6,245,587.28
20217-6,382,063.47
20218-6,376,670.70
20219-6,405,504.48
202110-6,709,429.28
202111-6,727,236.34
202112-6,589,196.62
20221-6,397,940.59
20222-6,340,833.62
20223-6,348,334.94
20224-5,848,547.65
20225-5,651,487.57
20226-5,677,749.21
20227-6,043,816.06
20228-5,603,983.14
20229-5,430,754.21
202210-5,717,774.68
202211-5,718,394.34
202212-5,797,105.54
Click to show 762 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 1958 to 2022
Start Value
Average monthly close
$41.12
End Value
Average monthly close
$4,573.82
Change in price+11,023.09%
+7.64% / yr
Change incl. dividends+61,909.18%
+10.40% / yr
Change incl. dividends, inflation-adjusted+6,023.46%
+6.53% / yr
Final amount, nominal
($12000 base)
$7,441,101.21
Final amount, inflation-adjusted
($12000 base)
$734,814.76