If you invested $100000000 in the S&P 500 at the beginning of 1971, you would have about $35,559,322,444.85 at the end of 2026, assuming you reinvested all dividends. This is a return on investment of 35,459.32%, or 11.16% per year.
This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 4,212.45% cumulatively, or 7.02% per year.
If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $31,191,297,887.77.
The graph below shows the performance of $100000000 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:
The nominal return on investment of $100000000 is $35,459,322,444.85, or 35,459.32%. This means by 2026 you would have $35,559,322,444.85 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 1971 was 40.500 and the CPI in 2026 was 333.952.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 55 years.
Adjusted for inflation, the $35,559,322,444.85 nominal end value of the original $100000000 investment would have a real return of roughly $4,212,453,762.87 in 1971 dollars. This means the inflation-adjusted return is 4,212.45% as opposed to the original 35,459.32%.
For more information on inflation, see our U.S. inflation calculator for 1971.
The table below shows the full dataset pertaining to a $100000000 investment, including gains and losses over the 666-month period between 1971 and 2026.
Note that data shown is the monthly average closing price. Returns include dividends.
| Year | Month | Return (%) | Amount ($) | CPI |
|---|---|---|---|---|
| 1971 | 1 | 4.15% | 104,151,067.85 | 39.80 |
| 1971 | 2 | 2.83% | 107,100,459.64 | 39.90 |
| 1971 | 3 | 3.67% | 111,035,182.85 | 40.00 |
| 1971 | 4 | -1.11% | 109,805,052.27 | 40.10 |
| 1971 | 5 | -1.60% | 108,052,722.33 | 40.30 |
| 1971 | 6 | -0.46% | 107,552,478.24 | 40.60 |
| 1971 | 7 | -1.52% | 105,920,783.12 | 40.70 |
| 1971 | 8 | 2.49% | 108,554,399.80 | 40.80 |
| 1971 | 9 | -1.86% | 106,531,290.89 | 40.80 |
| 1971 | 10 | -4.37% | 101,874,249.79 | 40.90 |
| 1971 | 11 | 7.16% | 109,172,114.74 | 40.90 |
| 1971 | 12 | 4.42% | 114,000,295.65 | 41.10 |
| 1972 | 1 | 2.09% | 116,379,440.25 | 41.10 |
| 1972 | 2 | 2.62% | 119,428,131.70 | 41.30 |
| 1972 | 3 | 1.26% | 120,931,610.27 | 41.40 |
| 1972 | 4 | -0.78% | 119,993,315.84 | 41.50 |
| 1972 | 5 | 0.52% | 120,612,594.24 | 41.60 |
| 1972 | 6 | -0.50% | 120,004,878.01 | 41.70 |
| 1972 | 7 | 3.78% | 124,545,485.15 | 41.90 |
| 1972 | 8 | -1.21% | 123,037,911.61 | 42.00 |
| 1972 | 9 | 0.42% | 123,551,506.79 | 42.10 |
| 1972 | 10 | 5.25% | 130,043,158.67 | 42.30 |
| 1972 | 11 | 2.31% | 133,049,128.13 | 42.40 |
| 1972 | 12 | 0.99% | 134,365,465.24 | 42.50 |
| 1973 | 1 | -3.33% | 129,897,649.92 | 42.60 |
| 1973 | 2 | -1.35% | 128,150,072.49 | 42.90 |
| 1973 | 3 | -1.63% | 126,056,992.64 | 43.30 |
| 1973 | 4 | -2.57% | 122,817,631.74 | 43.60 |
| 1973 | 5 | -1.99% | 120,373,817.70 | 43.90 |
| 1973 | 6 | 1.21% | 121,830,631.87 | 44.20 |
| 1973 | 7 | -1.64% | 119,838,185.73 | 44.30 |
| 1973 | 8 | 2.00% | 122,229,304.86 | 45.10 |
| 1973 | 9 | 4.24% | 127,406,109.46 | 45.20 |
| 1973 | 10 | -6.85% | 118,675,142.64 | 45.60 |
| 1973 | 11 | -6.81% | 110,598,962.74 | 45.90 |
| 1973 | 12 | 1.70% | 112,479,619.65 | 46.20 |
| 1974 | 1 | -2.47% | 109,698,155.05 | 46.60 |
| 1974 | 2 | 4.57% | 114,716,449.46 | 47.20 |
| 1974 | 3 | -4.82% | 109,190,971.87 | 47.80 |
| 1974 | 4 | -2.71% | 106,236,619.56 | 48.00 |
| 1974 | 5 | 0.46% | 106,722,367.46 | 48.60 |
| 1974 | 6 | -11.35% | 94,612,744.41 | 49.00 |
| 1974 | 7 | -3.76% | 91,050,799.05 | 49.40 |
| 1974 | 8 | -10.01% | 81,933,344.32 | 50.00 |
| 1974 | 9 | 2.38% | 83,880,844.91 | 50.60 |
| 1974 | 10 | 3.74% | 87,020,873.32 | 51.10 |
| 1974 | 11 | -6.09% | 81,719,711.28 | 51.50 |
| 1974 | 12 | 8.63% | 88,774,387.41 | 51.90 |
| 1975 | 1 | 10.81% | 98,368,706.45 | 52.10 |
| 1975 | 2 | 4.97% | 103,261,216.12 | 52.50 |
| 1975 | 3 | 1.49% | 104,796,740.88 | 52.70 |
| 1975 | 4 | 6.71% | 111,831,363.34 | 52.90 |
| 1975 | 5 | 2.89% | 115,068,460.33 | 53.20 |
| 1975 | 6 | 0.43% | 115,565,554.42 | 53.60 |
| 1975 | 7 | -7.00% | 107,480,297.19 | 54.20 |
| 1975 | 8 | -0.85% | 106,563,832.55 | 54.30 |
| 1975 | 9 | 4.97% | 111,861,398.77 | 54.60 |
| 1975 | 10 | 2.04% | 114,145,272.50 | 54.90 |
| 1975 | 11 | -1.18% | 112,798,771.42 | 55.30 |
| 1975 | 12 | 9.55% | 123,565,734.20 | 55.50 |
| 1976 | 1 | 4.18% | 128,728,480.71 | 55.60 |
| 1976 | 2 | 0.80% | 129,761,408.40 | 55.80 |
| 1976 | 3 | 1.10% | 131,182,879.82 | 55.90 |
| 1976 | 4 | -0.38% | 130,680,090.43 | 56.10 |
| 1976 | 5 | 0.90% | 131,856,972.03 | 56.50 |
| 1976 | 6 | 2.67% | 135,371,430.95 | 56.80 |
| 1976 | 7 | -0.56% | 134,612,510.82 | 57.10 |
| 1976 | 8 | 2.44% | 137,894,206.59 | 57.40 |
| 1976 | 9 | -3.11% | 133,608,158.38 | 57.60 |
| 1976 | 10 | -0.37% | 133,118,291.30 | 57.90 |
| 1976 | 11 | 3.79% | 138,158,823.51 | 58.00 |
| 1976 | 12 | -0.54% | 137,416,566.22 | 58.20 |
| 1977 | 1 | -2.37% | 134,161,712.10 | 58.50 |
| 1977 | 2 | -0.05% | 134,089,022.35 | 59.10 |
| 1977 | 3 | -1.19% | 132,488,440.17 | 59.50 |
| 1977 | 4 | 0.06% | 132,573,897.78 | 60.00 |
| 1977 | 5 | 0.90% | 133,766,755.23 | 60.30 |
| 1977 | 6 | 1.28% | 135,482,231.79 | 60.70 |
| 1977 | 7 | -2.08% | 132,666,070.67 | 61.00 |
| 1977 | 8 | -1.18% | 131,106,800.99 | 61.20 |
| 1977 | 9 | -2.20% | 128,225,257.98 | 61.40 |
| 1977 | 10 | 0.98% | 129,483,329.83 | 61.60 |
| 1977 | 11 | -0.08% | 129,379,562.10 | 61.90 |
| 1977 | 12 | -3.39% | 124,993,132.52 | 62.10 |
| 1978 | 1 | -0.97% | 123,778,209.66 | 62.50 |
| 1978 | 2 | 0.27% | 124,107,045.66 | 62.90 |
| 1978 | 3 | 4.83% | 130,101,407.58 | 63.40 |
| 1978 | 4 | 5.50% | 137,262,606.45 | 63.90 |
| 1978 | 5 | 0.67% | 138,187,146.88 | 64.50 |
| 1978 | 6 | -0.06% | 138,101,068.80 | 65.20 |
| 1978 | 7 | 7.33% | 148,221,313.06 | 65.70 |
| 1978 | 8 | 0.40% | 148,813,738.24 | 66.00 |
| 1978 | 9 | -2.77% | 144,686,388.97 | 66.50 |
| 1978 | 10 | -5.44% | 136,818,847.24 | 67.10 |
| 1978 | 11 | 1.92% | 139,449,638.98 | 67.40 |
| 1978 | 12 | 4.19% | 145,286,036.57 | 67.70 |
| 1979 | 1 | -1.06% | 143,750,429.51 | 68.30 |
| 1979 | 2 | 2.34% | 147,115,858.57 | 69.10 |
| 1979 | 3 | 2.43% | 150,692,101.56 | 69.80 |
| 1979 | 4 | -1.89% | 147,839,463.91 | 70.60 |
| 1979 | 5 | 2.42% | 151,413,687.65 | 71.50 |
| 1979 | 6 | 1.42% | 153,565,042.40 | 72.30 |
| 1979 | 7 | 5.01% | 161,265,308.75 | 73.10 |
| 1979 | 8 | 1.54% | 163,749,521.50 | 73.80 |
| 1979 | 9 | -3.35% | 158,259,791.15 | 74.60 |
| 1979 | 10 | -0.32% | 157,749,506.81 | 75.20 |
| 1979 | 11 | 4.40% | 164,696,789.26 | 75.90 |
| 1979 | 12 | 3.31% | 170,152,306.75 | 76.70 |
| 1980 | 1 | 4.40% | 177,631,950.53 | 77.80 |
| 1980 | 2 | -8.78% | 162,039,727.06 | 78.90 |
| 1980 | 3 | -1.16% | 160,156,743.92 | 80.10 |
| 1980 | 4 | 5.04% | 168,222,459.12 | 81.00 |
| 1980 | 5 | 6.86% | 179,767,035.17 | 81.80 |
| 1980 | 6 | 4.97% | 188,700,484.25 | 82.70 |
| 1980 | 7 | 3.50% | 195,313,838.99 | 82.70 |
| 1980 | 8 | 2.84% | 200,852,563.86 | 83.30 |
| 1980 | 9 | 3.32% | 207,530,448.51 | 84.00 |
| 1980 | 10 | 4.61% | 217,107,346.45 | 84.80 |
| 1980 | 11 | -1.24% | 214,404,837.29 | 85.50 |
| 1980 | 12 | 0.01% | 214,426,251.01 | 86.30 |
| 1981 | 1 | -3.07% | 207,842,988.91 | 87.00 |
| 1981 | 2 | 4.14% | 216,454,552.01 | 87.90 |
| 1981 | 3 | 1.29% | 219,255,027.57 | 88.50 |
| 1981 | 4 | -1.62% | 215,709,081.86 | 89.10 |
| 1981 | 5 | 0.86% | 217,558,978.32 | 89.80 |
| 1981 | 6 | -2.02% | 213,172,443.36 | 90.60 |
| 1981 | 7 | 0.80% | 214,883,289.82 | 91.60 |
| 1981 | 8 | -8.30% | 197,042,210.90 | 92.30 |
| 1981 | 9 | 1.73% | 200,445,616.80 | 93.20 |
| 1981 | 10 | 3.04% | 206,546,641.22 | 93.40 |
| 1981 | 11 | 1.18% | 208,982,587.71 | 93.70 |
| 1981 | 12 | -4.80% | 198,942,814.36 | 94.00 |
| 1982 | 1 | -1.91% | 195,135,255.81 | 94.30 |
| 1982 | 2 | -2.74% | 189,779,687.76 | 94.60 |
| 1982 | 3 | 5.47% | 200,159,334.95 | 94.50 |
| 1982 | 4 | 0.57% | 201,299,537.52 | 94.90 |
| 1982 | 5 | -5.27% | 190,689,806.74 | 95.80 |
| 1982 | 6 | 0.24% | 191,154,797.84 | 97.00 |
| 1982 | 7 | 0.79% | 192,672,522.96 | 97.50 |
| 1982 | 8 | 12.10% | 215,978,912.32 | 97.70 |
| 1982 | 9 | 8.88% | 235,160,862.97 | 97.90 |
| 1982 | 10 | 4.50% | 245,742,905.40 | 98.20 |
| 1982 | 11 | 1.36% | 249,073,948.11 | 98.00 |
| 1982 | 12 | 3.93% | 258,851,976.66 | 97.60 |
| 1983 | 1 | 2.13% | 264,365,561.14 | 97.80 |
| 1983 | 2 | 3.87% | 274,584,915.35 | 97.90 |
| 1983 | 3 | 4.20% | 286,110,311.37 | 97.90 |
| 1983 | 4 | 4.42% | 298,767,865.41 | 98.60 |
| 1983 | 5 | 1.75% | 304,006,771.77 | 99.20 |
| 1983 | 6 | 0.71% | 306,159,544.08 | 99.50 |
| 1983 | 7 | -2.41% | 298,789,715.53 | 99.90 |
| 1983 | 8 | 3.31% | 308,691,111.18 | 100.20 |
| 1983 | 9 | 0.65% | 310,691,203.11 | 100.70 |
| 1983 | 10 | -1.14% | 307,144,901.71 | 101.00 |
| 1983 | 11 | -0.13% | 306,751,364.55 | 101.20 |
| 1983 | 12 | 1.58% | 311,585,559.57 | 101.30 |
| 1984 | 1 | -5.11% | 295,656,746.51 | 101.90 |
| 1984 | 2 | 0.44% | 296,964,615.67 | 102.40 |
| 1984 | 3 | 0.51% | 298,470,821.21 | 102.60 |
| 1984 | 4 | -0.25% | 297,716,963.01 | 103.10 |
| 1984 | 5 | -1.85% | 292,214,248.28 | 103.40 |
| 1984 | 6 | -0.91% | 289,559,634.85 | 103.70 |
| 1984 | 7 | 9.21% | 316,218,113.82 | 104.10 |
| 1984 | 8 | 1.41% | 320,667,202.34 | 104.50 |
| 1984 | 9 | -0.41% | 319,344,763.85 | 105.00 |
| 1984 | 10 | 1.29% | 323,451,224.89 | 105.30 |
| 1984 | 11 | -0.71% | 321,162,624.32 | 105.30 |
| 1984 | 12 | 4.70% | 336,249,458.23 | 105.30 |
| 1985 | 1 | 5.79% | 355,709,426.98 | 105.50 |
| 1985 | 2 | -0.48% | 354,008,004.30 | 106.00 |
| 1985 | 3 | 1.02% | 357,635,566.81 | 106.40 |
| 1985 | 4 | 2.74% | 367,419,168.61 | 106.90 |
| 1985 | 5 | 2.51% | 376,644,941.73 | 107.30 |
| 1985 | 6 | 2.25% | 385,108,985.02 | 107.60 |
| 1985 | 7 | -1.85% | 378,002,528.91 | 107.80 |
| 1985 | 8 | -1.88% | 370,877,202.99 | 108.00 |
| 1985 | 9 | 1.50% | 376,423,908.94 | 108.30 |
| 1985 | 10 | 6.42% | 400,592,264.64 | 108.70 |
| 1985 | 11 | 5.29% | 421,801,681.25 | 109.00 |
| 1985 | 12 | 0.75% | 424,972,485.01 | 109.30 |
| 1986 | 1 | 5.70% | 449,184,213.92 | 109.60 |
| 1986 | 2 | 6.18% | 476,956,246.11 | 109.30 |
| 1986 | 3 | 2.74% | 490,031,650.16 | 108.80 |
| 1986 | 4 | 0.49% | 492,441,773.72 | 108.60 |
| 1986 | 5 | 3.13% | 507,871,156.55 | 108.90 |
| 1986 | 6 | -1.80% | 498,709,599.82 | 109.50 |
| 1986 | 7 | 2.28% | 510,084,436.69 | 109.50 |
| 1986 | 8 | -2.46% | 497,555,560.58 | 109.70 |
| 1986 | 9 | -0.09% | 497,108,393.92 | 110.20 |
| 1986 | 10 | 3.53% | 514,670,983.24 | 110.30 |
| 1986 | 11 | 1.71% | 523,466,399.22 | 110.40 |
| 1986 | 12 | 6.67% | 558,399,253.46 | 110.50 |
| 1987 | 1 | 6.46% | 594,482,330.61 | 111.20 |
| 1987 | 2 | 4.38% | 620,499,309.79 | 111.60 |
| 1987 | 3 | -0.86% | 615,185,290.06 | 112.10 |
| 1987 | 4 | 0.17% | 616,248,520.77 | 112.70 |
| 1987 | 5 | 4.50% | 643,970,111.96 | 113.10 |
| 1987 | 6 | 3.12% | 664,075,482.74 | 113.50 |
| 1987 | 7 | 6.45% | 706,934,989.71 | 113.80 |
| 1987 | 8 | -3.03% | 685,511,849.57 | 114.40 |
| 1987 | 9 | -11.85% | 604,252,059.31 | 115.00 |
| 1987 | 10 | -12.30% | 529,908,425.47 | 115.30 |
| 1987 | 11 | -1.33% | 522,835,770.16 | 115.40 |
| 1987 | 12 | 4.25% | 545,038,211.70 | 115.40 |
| 1988 | 1 | 3.33% | 563,180,163.96 | 115.70 |
| 1988 | 2 | 3.23% | 581,382,478.89 | 116.00 |
| 1988 | 3 | -0.89% | 576,231,288.62 | 116.50 |
| 1988 | 4 | -2.19% | 563,621,809.44 | 117.10 |
| 1988 | 5 | 6.00% | 597,428,970.54 | 117.50 |
| 1988 | 6 | -0.31% | 595,595,339.57 | 118.00 |
| 1988 | 7 | -1.72% | 585,360,120.72 | 118.50 |
| 1988 | 8 | 1.93% | 596,640,998.42 | 119.00 |
| 1988 | 9 | 3.80% | 619,323,003.54 | 119.80 |
| 1988 | 10 | -2.02% | 606,811,145.82 | 120.20 |
| 1988 | 11 | 2.33% | 620,925,289.44 | 120.30 |
| 1988 | 12 | 3.51% | 642,736,272.71 | 120.50 |
| 1989 | 1 | 3.30% | 663,945,618.22 | 121.10 |
| 1989 | 2 | -0.16% | 662,872,290.28 | 121.60 |
| 1989 | 3 | 3.56% | 686,502,355.04 | 122.30 |
| 1989 | 4 | 4.12% | 714,754,001.07 | 123.10 |
| 1989 | 5 | 3.39% | 739,002,905.31 | 123.80 |
| 1989 | 6 | 2.80% | 759,696,280.35 | 124.10 |
| 1989 | 7 | 4.69% | 795,331,754.41 | 124.40 |
| 1989 | 8 | 0.46% | 798,954,785.80 | 124.60 |
| 1989 | 9 | 0.29% | 801,241,840.84 | 125.00 |
| 1989 | 10 | -1.81% | 786,710,914.13 | 125.60 |
| 1989 | 11 | 2.74% | 808,240,881.67 | 125.90 |
| 1989 | 12 | -2.21% | 790,368,850.32 | 126.10 |
| 1990 | 1 | -2.53% | 770,394,777.00 | 127.40 |
| 1990 | 2 | 2.71% | 791,250,650.13 | 128.00 |
| 1990 | 3 | 0.20% | 792,801,388.57 | 128.70 |
| 1990 | 4 | 3.85% | 823,331,575.83 | 128.90 |
| 1990 | 5 | 3.17% | 849,430,834.18 | 129.20 |
| 1990 | 6 | 0.17% | 850,872,518.27 | 129.90 |
| 1990 | 7 | -7.86% | 783,983,499.47 | 130.40 |
| 1990 | 8 | -4.34% | 749,950,299.72 | 131.60 |
| 1990 | 9 | -2.32% | 732,583,183.96 | 132.70 |
| 1990 | 10 | 2.98% | 754,442,108.60 | 133.50 |
| 1990 | 11 | 4.59% | 789,045,391.49 | 133.80 |
| 1990 | 12 | -0.69% | 783,639,080.48 | 133.80 |
| 1991 | 1 | 11.61% | 874,594,304.69 | 134.60 |
| 1991 | 2 | 3.04% | 901,222,380.84 | 134.80 |
| 1991 | 3 | 2.26% | 921,579,448.65 | 135.00 |
| 1991 | 4 | -0.18% | 919,930,939.26 | 135.20 |
| 1991 | 5 | 0.35% | 923,123,200.30 | 135.60 |
| 1991 | 6 | 0.78% | 930,328,046.45 | 136.00 |
| 1991 | 7 | 2.68% | 955,250,914.88 | 136.20 |
| 1991 | 8 | -0.30% | 952,355,540.53 | 136.60 |
| 1991 | 9 | 0.18% | 954,085,456.33 | 137.20 |
| 1991 | 10 | 0.02% | 954,236,155.70 | 137.40 |
| 1991 | 11 | 0.94% | 963,159,598.15 | 137.80 |
| 1991 | 12 | 7.36% | 1,034,029,131.44 | 137.90 |
| 1992 | 1 | -0.60% | 1,027,816,208.86 | 138.10 |
| 1992 | 2 | -1.01% | 1,017,410,823.70 | 138.60 |
| 1992 | 3 | 0.26% | 1,020,099,875.94 | 139.30 |
| 1992 | 4 | 2.07% | 1,041,199,116.56 | 139.50 |
| 1992 | 5 | -1.33% | 1,027,360,304.10 | 139.70 |
| 1992 | 6 | 1.91% | 1,047,004,802.70 | 140.20 |
| 1992 | 7 | 0.94% | 1,056,864,655.00 | 140.50 |
| 1992 | 8 | 0.38% | 1,060,861,583.28 | 140.90 |
| 1992 | 9 | -1.18% | 1,048,321,608.53 | 141.30 |
| 1992 | 10 | 2.76% | 1,077,222,818.73 | 141.80 |
| 1992 | 11 | 3.27% | 1,112,460,930.52 | 142.00 |
| 1992 | 12 | 0.14% | 1,114,050,561.70 | 141.90 |
| 1993 | 1 | 1.72% | 1,133,259,548.80 | 142.60 |
| 1993 | 2 | 2.15% | 1,157,626,360.93 | 143.10 |
| 1993 | 3 | -1.34% | 1,142,093,965.29 | 143.60 |
| 1993 | 4 | 0.72% | 1,150,370,997.54 | 144.00 |
| 1993 | 5 | 0.87% | 1,160,323,805.89 | 144.20 |
| 1993 | 6 | 0.06% | 1,161,031,646.75 | 144.40 |
| 1993 | 7 | 1.76% | 1,181,494,432.59 | 144.40 |
| 1993 | 8 | 1.35% | 1,197,503,348.71 | 144.80 |
| 1993 | 9 | 1.24% | 1,212,375,225.65 | 145.10 |
| 1993 | 10 | 0.01% | 1,212,466,696.08 | 145.70 |
| 1993 | 11 | 0.89% | 1,223,223,455.92 | 145.80 |
| 1993 | 12 | 1.74% | 1,244,457,148.49 | 145.80 |
| 1994 | 1 | -0.08% | 1,243,515,081.53 | 146.20 |
| 1994 | 2 | -1.42% | 1,225,809,688.01 | 146.70 |
| 1994 | 3 | -3.35% | 1,184,789,468.81 | 147.20 |
| 1994 | 4 | 1.06% | 1,197,327,406.74 | 147.40 |
| 1994 | 5 | 1.11% | 1,210,594,908.79 | 147.50 |
| 1994 | 6 | -0.52% | 1,204,313,432.23 | 148.00 |
| 1994 | 7 | 3.08% | 1,241,431,311.33 | 148.40 |
| 1994 | 8 | 0.82% | 1,251,579,579.10 | 149.00 |
| 1994 | 9 | -0.44% | 1,246,022,482.86 | 149.40 |
| 1994 | 10 | -0.37% | 1,241,413,646.79 | 149.50 |
| 1994 | 11 | -1.03% | 1,228,680,389.56 | 149.70 |
| 1994 | 12 | 2.45% | 1,258,797,486.70 | 149.70 |
| 1995 | 1 | 3.82% | 1,306,872,141.93 | 150.30 |
| 1995 | 2 | 2.56% | 1,340,304,154.27 | 150.90 |
| 1995 | 3 | 3.22% | 1,383,402,345.75 | 151.40 |
| 1995 | 4 | 3.35% | 1,429,715,337.53 | 151.90 |
| 1995 | 5 | 3.18% | 1,475,157,722.68 | 152.20 |
| 1995 | 6 | 3.55% | 1,527,488,647.74 | 152.50 |
| 1995 | 7 | 0.51% | 1,535,326,560.67 | 152.50 |
| 1995 | 8 | 3.72% | 1,592,404,849.38 | 152.90 |
| 1995 | 9 | 0.91% | 1,606,936,617.81 | 153.20 |
| 1995 | 10 | 2.36% | 1,644,834,375.92 | 153.70 |
| 1995 | 11 | 3.39% | 1,700,580,082.24 | 153.60 |
| 1995 | 12 | 0.16% | 1,703,344,881.91 | 153.50 |
| 1996 | 1 | 5.90% | 1,803,917,067.67 | 154.40 |
| 1996 | 2 | -0.20% | 1,800,296,657.34 | 154.90 |
| 1996 | 3 | 0.20% | 1,803,843,998.80 | 155.70 |
| 1996 | 4 | 2.35% | 1,846,321,379.53 | 156.30 |
| 1996 | 5 | 1.28% | 1,869,928,318.72 | 156.60 |
| 1996 | 6 | -3.48% | 1,804,919,055.59 | 156.70 |
| 1996 | 7 | 3.08% | 1,860,433,901.01 | 157.00 |
| 1996 | 8 | 2.02% | 1,898,084,002.08 | 157.30 |
| 1996 | 9 | 4.12% | 1,976,275,530.54 | 157.80 |
| 1996 | 10 | 5.05% | 2,076,118,587.90 | 158.30 |
| 1996 | 11 | 1.20% | 2,100,995,211.05 | 158.60 |
| 1996 | 12 | 3.26% | 2,169,435,972.19 | 158.60 |
| 1997 | 1 | 4.36% | 2,264,048,625.82 | 159.10 |
| 1997 | 2 | -0.62% | 2,249,928,085.66 | 159.60 |
| 1997 | 3 | -3.41% | 2,173,312,490.18 | 160.00 |
| 1997 | 4 | 9.22% | 2,373,644,758.77 | 160.20 |
| 1997 | 5 | 5.34% | 2,500,322,034.04 | 160.10 |
| 1997 | 6 | 5.74% | 2,643,738,619.69 | 160.30 |
| 1997 | 7 | 0.35% | 2,652,933,256.07 | 160.50 |
| 1997 | 8 | 1.19% | 2,684,556,432.78 | 160.80 |
| 1997 | 9 | 1.65% | 2,728,727,473.74 | 161.20 |
| 1997 | 10 | -1.15% | 2,697,291,351.85 | 161.60 |
| 1997 | 11 | 2.63% | 2,768,354,636.08 | 161.50 |
| 1997 | 12 | 0.24% | 2,774,918,081.01 | 161.30 |
| 1998 | 1 | 6.40% | 2,952,572,732.52 | 161.60 |
| 1998 | 2 | 5.31% | 3,109,439,154.58 | 161.90 |
| 1998 | 3 | 3.41% | 3,215,336,555.84 | 162.20 |
| 1998 | 4 | -0.22% | 3,208,203,087.98 | 162.50 |
| 1998 | 5 | 0.12% | 3,211,939,266.94 | 162.80 |
| 1998 | 6 | 4.47% | 3,355,437,995.62 | 163.00 |
| 1998 | 7 | -6.97% | 3,121,530,171.57 | 163.20 |
| 1998 | 8 | -4.90% | 2,968,623,572.21 | 163.40 |
| 1998 | 9 | 1.29% | 3,006,944,249.00 | 163.60 |
| 1998 | 10 | 10.97% | 3,336,937,864.88 | 164.00 |
| 1998 | 11 | 4.10% | 3,473,889,297.13 | 164.00 |
| 1998 | 12 | 5.05% | 3,649,240,358.07 | 163.90 |
| 1999 | 1 | -0.07% | 3,646,805,946.65 | 164.30 |
| 1999 | 2 | 2.92% | 3,753,420,677.12 | 164.50 |
| 1999 | 3 | 4.25% | 3,912,941,885.66 | 165.00 |
| 1999 | 4 | -0.10% | 3,909,074,656.72 | 166.20 |
| 1999 | 5 | -0.61% | 3,885,160,222.12 | 166.20 |
| 1999 | 6 | 4.52% | 4,060,862,214.88 | 166.20 |
| 1999 | 7 | -3.77% | 3,907,589,612.70 | 166.70 |
| 1999 | 8 | -0.60% | 3,884,221,576.55 | 167.10 |
| 1999 | 9 | -1.27% | 3,834,795,976.48 | 167.90 |
| 1999 | 10 | 7.11% | 4,107,294,646.30 | 168.20 |
| 1999 | 11 | 2.81% | 4,222,657,493.17 | 168.30 |
| 1999 | 12 | -0.12% | 4,217,635,375.65 | 168.30 |
| 2000 | 1 | -2.48% | 4,113,119,110.69 | 168.80 |
| 2000 | 2 | 3.94% | 4,275,215,226.23 | 169.80 |
| 2000 | 3 | 1.42% | 4,336,122,737.75 | 171.20 |
| 2000 | 4 | -2.84% | 4,213,029,145.63 | 171.30 |
| 2000 | 5 | 3.16% | 4,346,307,486.67 | 171.50 |
| 2000 | 6 | 0.85% | 4,383,265,984.78 | 172.40 |
| 2000 | 7 | 0.94% | 4,424,456,021.61 | 172.80 |
| 2000 | 8 | -1.08% | 4,376,687,355.70 | 172.80 |
| 2000 | 9 | -5.21% | 4,148,476,821.07 | 173.70 |
| 2000 | 10 | -0.77% | 4,116,427,179.52 | 174.00 |
| 2000 | 11 | -3.32% | 3,979,758,760.88 | 174.10 |
| 2000 | 12 | 0.46% | 3,997,866,967.75 | 174.00 |
| 2001 | 1 | -2.14% | 3,912,462,222.98 | 175.10 |
| 2001 | 2 | -9.08% | 3,557,214,448.49 | 175.80 |
| 2001 | 3 | 0.45% | 3,573,175,442.89 | 176.20 |
| 2001 | 4 | 6.88% | 3,818,986,079.64 | 176.90 |
| 2001 | 5 | -2.39% | 3,727,763,780.82 | 177.70 |
| 2001 | 6 | -2.66% | 3,628,596,795.82 | 178.00 |
| 2001 | 7 | -2.05% | 3,554,361,537.55 | 177.50 |
| 2001 | 8 | -11.25% | 3,154,590,952.50 | 177.50 |
| 2001 | 9 | 3.18% | 3,255,034,122.14 | 178.30 |
| 2001 | 10 | 5.05% | 3,419,515,755.17 | 177.70 |
| 2001 | 11 | 1.47% | 3,469,647,544.79 | 177.40 |
| 2001 | 12 | -0.30% | 3,459,318,777.63 | 176.70 |
| 2002 | 1 | -3.35% | 3,343,335,798.83 | 177.10 |
| 2002 | 2 | 4.95% | 3,508,672,804.79 | 177.80 |
| 2002 | 3 | -3.51% | 3,385,362,879.81 | 178.80 |
| 2002 | 4 | -2.82% | 3,289,883,073.82 | 179.80 |
| 2002 | 5 | -5.92% | 3,095,090,462.83 | 179.80 |
| 2002 | 6 | -10.76% | 2,762,105,180.93 | 179.90 |
| 2002 | 7 | 1.14% | 2,793,559,781.26 | 180.10 |
| 2002 | 8 | -4.76% | 2,660,649,744.73 | 180.70 |
| 2002 | 9 | -1.37% | 2,624,277,526.38 | 181.00 |
| 2002 | 10 | 6.63% | 2,798,151,048.29 | 181.30 |
| 2002 | 11 | -1.04% | 2,769,188,469.53 | 181.30 |
| 2002 | 12 | -0.22% | 2,763,026,539.11 | 180.90 |
| 2003 | 1 | -6.41% | 2,585,782,918.47 | 181.70 |
| 2003 | 2 | 1.31% | 2,619,602,325.78 | 183.10 |
| 2003 | 3 | 5.29% | 2,758,070,806.80 | 184.20 |
| 2003 | 4 | 5.31% | 2,904,585,366.84 | 183.80 |
| 2003 | 5 | 5.70% | 3,070,268,286.43 | 183.50 |
| 2003 | 6 | 0.60% | 3,088,564,040.01 | 183.70 |
| 2003 | 7 | -0.17% | 3,083,427,013.32 | 183.90 |
| 2003 | 8 | 3.16% | 3,180,899,719.05 | 184.60 |
| 2003 | 9 | 2.03% | 3,245,402,926.14 | 185.20 |
| 2003 | 10 | 1.21% | 3,284,691,326.69 | 185.00 |
| 2003 | 11 | 3.06% | 3,385,328,038.21 | 184.50 |
| 2003 | 12 | 4.93% | 3,552,392,669.51 | 184.30 |
| 2004 | 1 | 1.09% | 3,590,995,177.59 | 185.20 |
| 2004 | 2 | -1.57% | 3,534,789,038.49 | 186.20 |
| 2004 | 3 | 0.97% | 3,569,010,640.35 | 187.40 |
| 2004 | 4 | -2.56% | 3,477,492,164.01 | 188.00 |
| 2004 | 5 | 2.86% | 3,576,867,652.93 | 189.10 |
| 2004 | 6 | -2.24% | 3,496,789,468.95 | 189.70 |
| 2004 | 7 | -1.39% | 3,448,269,062.26 | 189.40 |
| 2004 | 8 | 2.78% | 3,544,221,441.64 | 189.50 |
| 2004 | 9 | 0.10% | 3,547,857,646.37 | 189.90 |
| 2004 | 10 | 4.77% | 3,717,228,683.63 | 190.90 |
| 2004 | 11 | 2.73% | 3,818,614,136.22 | 191.00 |
| 2004 | 12 | -1.35% | 3,767,092,570.58 | 190.30 |
| 2005 | 1 | 1.68% | 3,830,425,184.45 | 190.70 |
| 2005 | 2 | -0.26% | 3,820,635,074.82 | 191.80 |
| 2005 | 3 | -2.41% | 3,728,599,091.25 | 193.30 |
| 2005 | 4 | 1.34% | 3,778,408,349.50 | 194.60 |
| 2005 | 5 | 2.18% | 3,860,804,005.02 | 194.40 |
| 2005 | 6 | 1.81% | 3,930,599,270.33 | 194.50 |
| 2005 | 7 | 0.31% | 3,942,784,844.14 | 195.40 |
| 2005 | 8 | 0.28% | 3,953,812,438.08 | 196.40 |
| 2005 | 9 | -2.62% | 3,850,055,715.80 | 198.80 |
| 2005 | 10 | 3.96% | 4,002,577,302.85 | 199.20 |
| 2005 | 11 | 2.14% | 4,088,397,802.24 | 197.60 |
| 2005 | 12 | 1.47% | 4,148,365,202.87 | 196.80 |
| 2006 | 1 | -0.02% | 4,147,674,924.29 | 198.30 |
| 2006 | 2 | 1.49% | 4,209,315,087.71 | 198.70 |
| 2006 | 3 | 0.80% | 4,242,919,373.99 | 199.80 |
| 2006 | 4 | -0.79% | 4,209,543,057.95 | 201.50 |
| 2006 | 5 | -2.71% | 4,095,641,537.47 | 202.50 |
| 2006 | 6 | 0.72% | 4,125,131,821.16 | 202.90 |
| 2006 | 7 | 2.29% | 4,219,669,910.90 | 203.50 |
| 2006 | 8 | 2.53% | 4,326,477,078.44 | 203.90 |
| 2006 | 9 | 3.62% | 4,482,918,730.04 | 202.90 |
| 2006 | 10 | 2.00% | 4,572,650,757.90 | 201.80 |
| 2006 | 11 | 2.15% | 4,670,883,412.29 | 201.50 |
| 2006 | 12 | 0.69% | 4,703,244,531.09 | 201.80 |
| 2007 | 1 | 1.60% | 4,778,310,573.28 | 202.42 |
| 2007 | 2 | -2.47% | 4,660,100,376.04 | 203.50 |
| 2007 | 3 | 4.18% | 4,854,904,683.37 | 205.35 |
| 2007 | 4 | 3.39% | 5,019,571,065.08 | 206.69 |
| 2007 | 5 | 0.34% | 5,036,883,640.70 | 207.95 |
| 2007 | 6 | 0.57% | 5,065,826,564.03 | 208.35 |
| 2007 | 7 | -4.20% | 4,853,005,728.31 | 208.30 |
| 2007 | 8 | 3.07% | 5,002,223,204.60 | 207.92 |
| 2007 | 9 | 2.99% | 5,151,871,355.92 | 208.49 |
| 2007 | 10 | -4.81% | 4,904,256,445.12 | 208.94 |
| 2007 | 11 | 1.24% | 4,964,981,970.63 | 210.18 |
| 2007 | 12 | -6.64% | 4,635,545,617.06 | 210.04 |
| 2008 | 1 | -1.56% | 4,563,047,274.11 | 211.08 |
| 2008 | 2 | -2.63% | 4,443,192,642.40 | 211.69 |
| 2008 | 3 | 4.24% | 4,631,752,965.17 | 213.53 |
| 2008 | 4 | 2.56% | 4,750,446,462.68 | 214.82 |
| 2008 | 5 | -4.25% | 4,548,714,855.07 | 216.63 |
| 2008 | 6 | -6.08% | 4,272,222,515.57 | 218.82 |
| 2008 | 7 | 2.11% | 4,362,389,264.23 | 219.96 |
| 2008 | 8 | -4.85% | 4,150,920,865.19 | 219.09 |
| 2008 | 9 | -20.19% | 3,312,701,129.69 | 218.78 |
| 2008 | 10 | -8.61% | 3,027,631,670.35 | 216.57 |
| 2008 | 11 | -0.35% | 3,016,998,105.37 | 212.43 |
| 2008 | 12 | -1.10% | 2,983,945,182.93 | 210.23 |
| 2009 | 1 | -6.70% | 2,783,946,063.80 | 211.14 |
| 2009 | 2 | -5.69% | 2,625,610,900.90 | 212.19 |
| 2009 | 3 | 12.32% | 2,949,132,115.18 | 212.71 |
| 2009 | 4 | 6.66% | 3,145,539,055.84 | 213.24 |
| 2009 | 5 | 2.87% | 3,235,780,200.24 | 213.86 |
| 2009 | 6 | 1.28% | 3,277,121,893.78 | 215.69 |
| 2009 | 7 | 8.12% | 3,543,248,605.05 | 215.35 |
| 2009 | 8 | 3.65% | 3,672,589,342.08 | 215.83 |
| 2009 | 9 | 2.40% | 3,760,845,637.58 | 215.97 |
| 2009 | 10 | 2.09% | 3,839,609,994.34 | 216.18 |
| 2009 | 11 | 2.23% | 3,925,074,245.56 | 216.33 |
| 2009 | 12 | 1.36% | 3,978,336,242.53 | 215.95 |
| 2010 | 1 | -2.90% | 3,863,025,227.48 | 216.69 |
| 2010 | 2 | 5.94% | 4,092,606,192.43 | 216.74 |
| 2010 | 3 | 4.09% | 4,259,909,077.40 | 217.63 |
| 2010 | 4 | -5.88% | 4,009,324,330.17 | 218.01 |
| 2010 | 5 | -3.54% | 3,867,251,352.70 | 218.18 |
| 2010 | 6 | -0.16% | 3,861,099,599.67 | 217.97 |
| 2010 | 7 | 0.86% | 3,894,444,502.70 | 218.01 |
| 2010 | 8 | 3.37% | 4,025,732,244.67 | 218.31 |
| 2010 | 9 | 4.58% | 4,210,007,583.70 | 218.44 |
| 2010 | 10 | 2.49% | 4,314,875,271.10 | 218.71 |
| 2010 | 11 | 3.71% | 4,475,118,353.08 | 218.80 |
| 2010 | 12 | 3.46% | 4,630,055,594.34 | 219.18 |
| 2011 | 1 | 3.15% | 4,775,942,346.63 | 220.22 |
| 2011 | 2 | -1.11% | 4,722,811,851.79 | 221.31 |
| 2011 | 3 | 2.22% | 4,827,704,696.03 | 223.47 |
| 2011 | 4 | 0.66% | 4,859,530,607.21 | 224.91 |
| 2011 | 5 | -3.66% | 4,681,545,430.53 | 225.96 |
| 2011 | 6 | 3.10% | 4,826,754,595.88 | 225.72 |
| 2011 | 7 | -10.40% | 4,324,740,891.16 | 225.92 |
| 2011 | 8 | -0.79% | 4,290,608,089.58 | 226.55 |
| 2011 | 9 | 3.02% | 4,420,137,513.10 | 226.89 |
| 2011 | 10 | 1.77% | 4,498,246,755.11 | 226.42 |
| 2011 | 11 | 1.55% | 4,568,183,293.58 | 226.23 |
| 2011 | 12 | 4.78% | 4,786,659,308.68 | 225.67 |
| 2012 | 1 | 4.16% | 4,985,909,203.02 | 226.67 |
| 2012 | 2 | 2.88% | 5,129,694,712.41 | 227.66 |
| 2012 | 3 | -0.04% | 5,127,734,638.59 | 229.39 |
| 2012 | 4 | -3.09% | 4,969,238,810.85 | 230.09 |
| 2012 | 5 | -1.15% | 4,911,972,750.90 | 229.82 |
| 2012 | 6 | 2.92% | 5,055,455,740.10 | 229.48 |
| 2012 | 7 | 3.39% | 5,226,719,454.06 | 229.10 |
| 2012 | 8 | 3.02% | 5,384,627,330.07 | 230.38 |
| 2012 | 9 | -0.22% | 5,372,935,432.01 | 231.41 |
| 2012 | 10 | -2.84% | 5,220,478,714.03 | 231.32 |
| 2012 | 11 | 2.18% | 5,334,052,064.71 | 230.22 |
| 2012 | 12 | 4.27% | 5,561,750,020.87 | 229.60 |
| 2013 | 1 | 2.33% | 5,691,506,864.43 | 230.28 |
| 2013 | 2 | 2.72% | 5,846,455,522.06 | 232.17 |
| 2013 | 3 | 1.45% | 5,931,450,790.27 | 232.77 |
| 2013 | 4 | 4.57% | 6,202,771,351.74 | 232.53 |
| 2013 | 5 | -1.12% | 6,133,438,321.76 | 232.95 |
| 2013 | 6 | 3.25% | 6,333,049,671.35 | 233.50 |
| 2013 | 7 | 0.25% | 6,349,042,412.71 | 233.60 |
| 2013 | 8 | 1.19% | 6,424,752,669.80 | 233.88 |
| 2013 | 9 | 2.12% | 6,560,800,013.61 | 234.15 |
| 2013 | 10 | 3.86% | 6,814,046,503.37 | 233.55 |
| 2013 | 11 | 1.52% | 6,917,733,236.79 | 233.07 |
| 2013 | 12 | 0.97% | 6,984,683,589.02 | 233.05 |
| 2014 | 1 | -0.13% | 6,975,600,992.87 | 233.92 |
| 2014 | 2 | 2.72% | 7,165,495,637.71 | 234.78 |
| 2014 | 3 | 0.20% | 7,179,950,160.52 | 236.29 |
| 2014 | 4 | 1.53% | 7,289,949,492.32 | 237.07 |
| 2014 | 5 | 3.20% | 7,522,959,448.13 | 237.90 |
| 2014 | 6 | 1.50% | 7,635,489,528.36 | 238.34 |
| 2014 | 7 | -0.43% | 7,602,889,743.07 | 238.25 |
| 2014 | 8 | 1.78% | 7,738,071,693.52 | 237.85 |
| 2014 | 9 | -2.65% | 7,533,277,150.49 | 238.03 |
| 2014 | 10 | 5.71% | 7,963,099,745.95 | 237.43 |
| 2014 | 11 | 0.63% | 8,013,576,855.90 | 236.15 |
| 2014 | 12 | -1.11% | 7,924,622,500.22 | 234.81 |
| 2015 | 1 | 2.83% | 8,148,683,124.03 | 233.71 |
| 2015 | 2 | 0.06% | 8,153,194,516.22 | 234.72 |
| 2015 | 3 | 0.88% | 8,224,812,965.41 | 236.12 |
| 2015 | 4 | 0.98% | 8,305,325,981.98 | 236.60 |
| 2015 | 5 | -0.44% | 8,269,156,282.21 | 237.81 |
| 2015 | 6 | -0.08% | 8,262,571,545.03 | 238.64 |
| 2015 | 7 | -2.42% | 8,062,253,967.17 | 238.65 |
| 2015 | 8 | -4.51% | 7,698,880,481.76 | 238.32 |
| 2015 | 9 | 4.32% | 8,031,250,339.37 | 237.95 |
| 2015 | 10 | 2.93% | 8,266,764,340.80 | 237.84 |
| 2015 | 11 | -1.10% | 8,175,584,423.27 | 237.34 |
| 2015 | 12 | -6.42% | 7,650,742,826.55 | 236.53 |
| 2016 | 1 | -0.55% | 7,608,670,697.27 | 236.92 |
| 2016 | 2 | 6.36% | 8,092,789,682.11 | 237.11 |
| 2016 | 3 | 2.83% | 8,321,917,619.66 | 238.13 |
| 2016 | 4 | -0.30% | 8,296,588,595.45 | 239.26 |
| 2016 | 5 | 1.07% | 8,385,070,902.01 | 240.23 |
| 2016 | 6 | 3.30% | 8,661,563,493.77 | 241.02 |
| 2016 | 7 | 1.20% | 8,765,437,898.91 | 240.63 |
| 2016 | 8 | -0.44% | 8,726,986,443.59 | 240.85 |
| 2016 | 9 | -0.51% | 8,682,829,556.13 | 241.43 |
| 2016 | 10 | 1.20% | 8,787,124,280.57 | 241.73 |
| 2016 | 11 | 3.95% | 9,133,861,025.97 | 241.35 |
| 2016 | 12 | 1.44% | 9,265,172,585.08 | 241.43 |
| 2017 | 1 | 2.58% | 9,503,884,688.33 | 242.84 |
| 2017 | 2 | 1.75% | 9,670,132,045.67 | 243.60 |
| 2017 | 3 | -0.15% | 9,655,239,645.19 | 243.80 |
| 2017 | 4 | 1.69% | 9,818,642,346.39 | 244.52 |
| 2017 | 5 | 1.78% | 9,993,063,452.38 | 244.73 |
| 2017 | 6 | 0.99% | 10,091,783,336.49 | 244.96 |
| 2017 | 7 | 0.25% | 10,116,791,306.43 | 244.79 |
| 2017 | 8 | 1.65% | 10,284,048,479.32 | 245.52 |
| 2017 | 9 | 2.73% | 10,565,296,547.81 | 246.82 |
| 2017 | 10 | 1.59% | 10,733,239,220.08 | 246.66 |
| 2017 | 11 | 2.88% | 11,042,730,701.97 | 246.67 |
| 2017 | 12 | 4.86% | 11,579,617,033.41 | 246.52 |
| 2018 | 1 | -2.89% | 11,245,349,800.88 | 247.87 |
| 2018 | 2 | 0.06% | 11,252,611,848.73 | 248.99 |
| 2018 | 3 | -1.66% | 11,065,371,549.50 | 249.55 |
| 2018 | 4 | 1.96% | 11,282,432,215.41 | 250.55 |
| 2018 | 5 | 2.11% | 11,520,826,595.88 | 251.59 |
| 2018 | 6 | 1.58% | 11,702,941,138.08 | 251.99 |
| 2018 | 7 | 2.45% | 11,989,757,395.69 | 252.01 |
| 2018 | 8 | 1.68% | 12,191,155,073.75 | 252.15 |
| 2018 | 9 | -3.85% | 11,721,919,202.64 | 252.44 |
| 2018 | 10 | -2.08% | 11,478,559,463.41 | 252.89 |
| 2018 | 11 | -5.56% | 10,840,063,197.02 | 252.04 |
| 2018 | 12 | 1.74% | 11,028,207,278.83 | 251.23 |
| 2019 | 1 | 5.83% | 11,671,030,734.23 | 251.71 |
| 2019 | 2 | 1.95% | 11,898,384,975.93 | 252.78 |
| 2019 | 3 | 3.72% | 12,341,387,979.11 | 254.20 |
| 2019 | 4 | -1.53% | 12,152,344,012.04 | 255.55 |
| 2019 | 5 | 1.40% | 12,323,053,964.68 | 256.09 |
| 2019 | 6 | 3.83% | 12,794,699,607.79 | 256.14 |
| 2019 | 7 | -3.13% | 12,393,660,749.14 | 256.57 |
| 2019 | 8 | 3.09% | 12,776,033,372.12 | 256.56 |
| 2019 | 9 | 0.01% | 12,777,285,774.88 | 256.76 |
| 2019 | 10 | 4.43% | 13,343,791,300.94 | 257.35 |
| 2019 | 11 | 2.47% | 13,673,292,191.15 | 257.21 |
| 2019 | 12 | 3.35% | 14,130,854,899.29 | 256.97 |
| 2020 | 1 | 0.12% | 14,148,105,397.17 | 257.97 |
| 2020 | 2 | -18.92% | 11,471,607,999.96 | 258.68 |
| 2020 | 3 | 4.32% | 11,967,022,508.50 | 258.12 |
| 2020 | 4 | 5.89% | 12,671,564,845.40 | 256.39 |
| 2020 | 5 | 6.51% | 13,496,264,734.23 | 256.39 |
| 2020 | 6 | 3.48% | 13,965,453,590.69 | 257.80 |
| 2020 | 7 | 5.89% | 14,788,508,276.15 | 259.10 |
| 2020 | 8 | -0.63% | 14,695,783,939.41 | 259.92 |
| 2020 | 9 | 1.73% | 14,949,433,370.94 | 260.28 |
| 2020 | 10 | 3.95% | 15,540,551,395.37 | 260.39 |
| 2020 | 11 | 4.26% | 16,202,591,388.20 | 260.23 |
| 2020 | 12 | 2.80% | 16,655,502,386.40 | 260.47 |
| 2021 | 1 | 2.49% | 17,070,478,984.72 | 261.58 |
| 2021 | 2 | 0.82% | 17,210,688,672.40 | 263.01 |
| 2021 | 3 | 6.02% | 18,247,027,900.70 | 264.88 |
| 2021 | 4 | 0.76% | 18,385,747,558.01 | 267.05 |
| 2021 | 5 | 1.81% | 18,718,607,322.95 | 269.20 |
| 2021 | 6 | 3.07% | 19,292,931,907.97 | 271.70 |
| 2021 | 7 | 2.19% | 19,714,513,697.15 | 273.00 |
| 2021 | 8 | -0.08% | 19,697,855,163.52 | 273.57 |
| 2021 | 9 | 0.45% | 19,786,924,150.65 | 274.31 |
| 2021 | 10 | 4.74% | 20,725,763,059.06 | 276.59 |
| 2021 | 11 | 0.27% | 20,780,769,987.56 | 277.95 |
| 2021 | 12 | -2.05% | 20,354,358,376.85 | 278.80 |
| 2022 | 1 | -2.90% | 19,763,558,905.63 | 281.15 |
| 2022 | 2 | -0.89% | 19,587,152,619.20 | 283.72 |
| 2022 | 3 | 0.12% | 19,610,324,579.30 | 287.50 |
| 2022 | 4 | -7.87% | 18,066,456,616.18 | 289.11 |
| 2022 | 5 | -3.37% | 17,457,728,160.60 | 292.30 |
| 2022 | 6 | 0.46% | 17,538,851,662.98 | 296.31 |
| 2022 | 7 | 6.45% | 18,669,650,507.82 | 296.28 |
| 2022 | 8 | -7.28% | 17,310,984,588.29 | 296.17 |
| 2022 | 9 | -3.09% | 16,775,871,736.31 | 296.81 |
| 2022 | 10 | 5.29% | 17,662,492,360.02 | 298.01 |
| 2022 | 11 | 0.01% | 17,664,406,524.86 | 297.71 |
| 2022 | 12 | 1.38% | 17,907,549,362.17 | 296.80 |
| 2023 | 1 | 3.15% | 18,471,094,862.15 | 299.17 |
| 2023 | 2 | -2.59% | 17,993,538,177.65 | 300.84 |
| 2023 | 3 | 4.00% | 18,712,599,780.11 | 301.84 |
| 2023 | 4 | 0.74% | 18,850,641,739.59 | 303.36 |
| 2023 | 5 | 4.94% | 19,782,275,649.50 | 304.13 |
| 2023 | 6 | 3.88% | 20,549,044,958.55 | 305.11 |
| 2023 | 7 | -1.00% | 20,344,040,137.33 | 305.69 |
| 2023 | 8 | -0.95% | 20,150,044,015.80 | 307.03 |
| 2023 | 9 | -3.04% | 19,538,024,197.99 | 307.79 |
| 2023 | 10 | 4.60% | 20,437,110,092.02 | 307.67 |
| 2023 | 11 | 5.18% | 21,494,781,011.46 | 307.05 |
| 2023 | 12 | 2.91% | 22,120,673,956.69 | 306.75 |
| 2024 | 1 | 4.20% | 23,049,581,119.69 | 308.42 |
| 2024 | 2 | 3.28% | 23,806,096,041.14 | 310.33 |
| 2024 | 3 | -1.01% | 23,565,862,018.57 | 312.33 |
| 2024 | 4 | 2.52% | 24,158,947,124.59 | 313.55 |
| 2024 | 5 | 3.55% | 25,016,730,864.48 | 314.07 |
| 2024 | 6 | 2.38% | 25,612,044,322.73 | 314.18 |
| 2024 | 7 | -0.97% | 25,363,451,122.17 | 314.54 |
| 2024 | 8 | 2.72% | 26,053,872,319.51 | 314.80 |
| 2024 | 9 | 3.15% | 26,875,060,716.07 | 315.30 |
| 2024 | 10 | 2.48% | 27,542,041,794.01 | 315.66 |
| 2024 | 11 | 1.47% | 27,946,998,253.47 | 315.49 |
| 2024 | 12 | -0.42% | 27,830,033,566.68 | 315.61 |
| 2025 | 1 | 1.09% | 28,134,638,857.88 | 317.67 |
| 2025 | 2 | -5.77% | 26,511,431,933.17 | 319.08 |
| 2025 | 3 | -5.42% | 25,074,184,517.04 | 319.80 |
| 2025 | 4 | 8.34% | 27,165,309,736.98 | 320.80 |
| 2025 | 5 | 3.88% | 28,219,233,380.78 | 321.47 |
| 2025 | 6 | 4.53% | 29,496,795,811.63 | 322.56 |
| 2025 | 7 | 1.89% | 30,053,932,727.02 | 323.05 |
| 2025 | 8 | 2.83% | 30,905,415,237.31 | 323.98 |
| 2025 | 9 | 2.40% | 31,648,070,905.92 | 324.80 |
| 2025 | 10 | 0.17% | 31,703,339,815.09 | 324.80 |
| 2025 | 11 | 1.76% | 32,261,778,812.13 | 324.12 |
| 2025 | 12 | 1.21% | 32,651,212,353.53 | 324.05 |
| 2026 | 1 | -0.41% | 32,516,135,422.36 | 325.25 |
| 2026 | 2 | -3.38% | 31,418,491,176.01 | 326.79 |
| 2026 | 3 | 4.65% | 32,878,767,108.08 | 330.21 |
| 2026 | 4 | 6.64% | 35,063,401,836.11 | 333.02 |
| 2026 | 5 | 0.60% | 35,272,552,642.96 | 335.12 |
| 2026 | 6 | 0.81% | 35,559,322,444.85 | 333.95 |
Remember, returns are based on the average closing price across the entire month. Some losses are offset by dividend returns.
Dollar-cost averaging is an alternative to investing the full lump-sum of $100,000,000.00 up-front. Instead, the capital is invested over a period of time.
Consider a strategy in which $100,000,000.00 was invested in the S&P 500 over a period of no more than 24 months beginning in 1971. This would result in a final amount of $31,191,297,887.77, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $35,559,322,444.85).
| Year | Month | Contribution ($) | Amount ($) |
|---|---|---|---|
| 1971 | 1 | 4166666.66 | 4,328,002.99 |
| 1971 | 2 | 4166666.66 | 8,724,069.38 |
| 1971 | 3 | 4166666.66 | 13,353,481.93 |
| 1971 | 4 | 4166666.66 | 17,315,574.45 |
| 1971 | 5 | 4166666.66 | 21,128,809.83 |
| 1971 | 6 | 4166666.66 | 25,167,573.69 |
| 1971 | 7 | 4166666.66 | 28,878,345.16 |
| 1971 | 8 | 4166666.66 | 33,855,598.14 |
| 1971 | 9 | 4166666.66 | 37,302,856.73 |
| 1971 | 10 | 4166666.66 | 39,645,668.94 |
| 1971 | 11 | 4166666.66 | 46,939,362.38 |
| 1971 | 12 | 4166666.66 | 53,355,464.89 |
| 1972 | 1 | 4166666.66 | 58,712,278.27 |
| 1972 | 2 | 4166666.66 | 64,515,997.41 |
| 1972 | 3 | 4166666.66 | 69,537,411.26 |
| 1972 | 4 | 4166666.66 | 73,122,418.93 |
| 1972 | 5 | 4166666.66 | 77,678,072.39 |
| 1972 | 6 | 4166666.66 | 81,422,487.65 |
| 1972 | 7 | 4166666.66 | 88,817,624.16 |
| 1972 | 8 | 4166666.66 | 91,849,128.76 |
| 1972 | 9 | 4166666.66 | 96,406,817.07 |
| 1972 | 10 | 4166666.66 | 105,847,991.10 |
| 1972 | 11 | 4166666.66 | 112,548,232.83 |
| 1972 | 12 | 4166666.82 | 117,860,323.65 |
| 1973 | 1 | - | 113,941,324.38 |
| 1973 | 2 | - | 112,408,415.31 |
| 1973 | 3 | - | 110,572,444.53 |
| 1973 | 4 | - | 107,730,999.19 |
| 1973 | 5 | - | 105,587,377.59 |
| 1973 | 6 | - | 106,865,240.09 |
| 1973 | 7 | - | 105,117,541.41 |
| 1973 | 8 | - | 107,214,941.01 |
| 1973 | 9 | - | 111,755,838.96 |
| 1973 | 10 | - | 104,097,363.82 |
| 1973 | 11 | - | 97,013,243.10 |
| 1973 | 12 | - | 98,662,884.48 |
| 1974 | 1 | - | 96,223,088.53 |
| 1974 | 2 | - | 100,624,947.32 |
| 1974 | 3 | - | 95,778,206.56 |
| 1974 | 4 | - | 93,186,760.02 |
| 1974 | 5 | - | 93,612,839.78 |
| 1974 | 6 | - | 82,990,734.69 |
| 1974 | 7 | - | 79,866,330.43 |
| 1974 | 8 | - | 71,868,842.65 |
| 1974 | 9 | - | 73,577,116.79 |
| 1974 | 10 | - | 76,331,431.41 |
| 1974 | 11 | - | 71,681,451.80 |
| 1974 | 12 | - | 77,869,547.91 |
| 1975 | 1 | - | 86,285,323.08 |
| 1975 | 2 | - | 90,576,848.23 |
| 1975 | 3 | - | 91,923,752.70 |
| 1975 | 4 | - | 98,094,258.47 |
| 1975 | 5 | - | 100,933,718.00 |
| 1975 | 6 | - | 101,369,750.20 |
| 1975 | 7 | - | 94,277,667.18 |
| 1975 | 8 | - | 93,473,778.93 |
| 1975 | 9 | - | 98,120,604.43 |
| 1975 | 10 | - | 100,123,932.41 |
| 1975 | 11 | - | 98,942,832.40 |
| 1975 | 12 | - | 108,387,206.48 |
| 1976 | 1 | - | 112,915,773.20 |
| 1976 | 2 | - | 113,821,818.46 |
| 1976 | 3 | - | 115,068,679.63 |
| 1976 | 4 | - | 114,627,651.72 |
| 1976 | 5 | - | 115,659,967.92 |
| 1976 | 6 | - | 118,742,718.87 |
| 1976 | 7 | - | 118,077,022.72 |
| 1976 | 8 | - | 120,955,602.61 |
| 1976 | 9 | - | 117,196,042.61 |
| 1976 | 10 | - | 116,766,349.66 |
| 1976 | 11 | - | 121,187,714.61 |
| 1976 | 12 | - | 120,536,634.48 |
| 1977 | 1 | - | 117,681,599.07 |
| 1977 | 2 | - | 117,617,838.36 |
| 1977 | 3 | - | 116,213,867.98 |
| 1977 | 4 | - | 116,288,828.17 |
| 1977 | 5 | - | 117,335,157.78 |
| 1977 | 6 | - | 118,839,909.19 |
| 1977 | 7 | - | 116,369,678.76 |
| 1977 | 8 | - | 115,001,946.15 |
| 1977 | 9 | - | 112,474,365.18 |
| 1977 | 10 | - | 113,577,898.41 |
| 1977 | 11 | - | 113,486,877.27 |
| 1977 | 12 | - | 109,639,266.50 |
| 1978 | 1 | - | 108,573,581.95 |
| 1978 | 2 | - | 108,862,024.50 |
| 1978 | 3 | - | 114,120,052.93 |
| 1978 | 4 | - | 120,401,586.76 |
| 1978 | 5 | - | 121,212,558.79 |
| 1978 | 6 | - | 121,137,054.35 |
| 1978 | 7 | - | 130,014,151.32 |
| 1978 | 8 | - | 130,533,804.36 |
| 1978 | 9 | - | 126,913,449.09 |
| 1978 | 10 | - | 120,012,337.91 |
| 1978 | 11 | - | 122,319,969.30 |
| 1978 | 12 | - | 127,439,437.37 |
| 1979 | 1 | - | 126,092,460.71 |
| 1979 | 2 | - | 129,044,488.29 |
| 1979 | 3 | - | 132,181,433.89 |
| 1979 | 4 | - | 129,679,207.63 |
| 1979 | 5 | - | 132,814,382.02 |
| 1979 | 6 | - | 134,701,469.36 |
| 1979 | 7 | - | 141,455,852.88 |
| 1979 | 8 | - | 143,634,910.71 |
| 1979 | 9 | - | 138,819,526.08 |
| 1979 | 10 | - | 138,371,923.88 |
| 1979 | 11 | - | 144,465,818.30 |
| 1979 | 12 | - | 149,251,192.69 |
| 1980 | 1 | - | 155,812,054.40 |
| 1980 | 2 | - | 142,135,143.44 |
| 1980 | 3 | - | 140,483,461.58 |
| 1980 | 4 | - | 147,558,403.06 |
| 1980 | 5 | - | 157,684,870.20 |
| 1980 | 6 | - | 165,520,955.16 |
| 1980 | 7 | - | 171,321,940.76 |
| 1980 | 8 | - | 176,180,301.54 |
| 1980 | 9 | - | 182,037,890.35 |
| 1980 | 10 | - | 190,438,384.40 |
| 1980 | 11 | - | 188,067,845.19 |
| 1980 | 12 | - | 188,086,628.49 |
| 1981 | 1 | - | 182,312,039.02 |
| 1981 | 2 | - | 189,865,777.71 |
| 1981 | 3 | - | 192,322,249.36 |
| 1981 | 4 | - | 189,211,879.38 |
| 1981 | 5 | - | 190,834,538.86 |
| 1981 | 6 | - | 186,986,835.67 |
| 1981 | 7 | - | 188,487,525.72 |
| 1981 | 8 | - | 172,838,003.48 |
| 1981 | 9 | - | 175,823,342.91 |
| 1981 | 10 | - | 181,174,931.66 |
| 1981 | 11 | - | 183,311,652.15 |
| 1981 | 12 | - | 174,505,141.24 |
| 1982 | 1 | - | 171,165,294.33 |
| 1982 | 2 | - | 166,467,591.82 |
| 1982 | 3 | - | 175,572,227.26 |
| 1982 | 4 | - | 176,572,370.00 |
| 1982 | 5 | - | 167,265,913.90 |
| 1982 | 6 | - | 167,673,786.57 |
| 1982 | 7 | - | 169,005,077.86 |
| 1982 | 8 | - | 189,448,564.50 |
| 1982 | 9 | - | 206,274,248.89 |
| 1982 | 10 | - | 215,556,417.81 |
| 1982 | 11 | - | 218,478,282.97 |
| 1982 | 12 | - | 227,055,201.22 |
| 1983 | 1 | - | 231,891,509.79 |
| 1983 | 2 | - | 240,855,542.27 |
| 1983 | 3 | - | 250,965,185.42 |
| 1983 | 4 | - | 262,067,914.93 |
| 1983 | 5 | - | 266,663,286.20 |
| 1983 | 6 | - | 268,551,616.96 |
| 1983 | 7 | - | 262,087,081.03 |
| 1983 | 8 | - | 270,772,212.24 |
| 1983 | 9 | - | 272,526,617.52 |
| 1983 | 10 | - | 269,415,935.55 |
| 1983 | 11 | - | 269,070,739.58 |
| 1983 | 12 | - | 273,311,113.31 |
| 1984 | 1 | - | 259,338,958.64 |
| 1984 | 2 | - | 260,486,172.20 |
| 1984 | 3 | - | 261,807,358.94 |
| 1984 | 4 | - | 261,146,102.94 |
| 1984 | 5 | - | 256,319,328.90 |
| 1984 | 6 | - | 253,990,802.01 |
| 1984 | 7 | - | 277,374,615.36 |
| 1984 | 8 | - | 281,277,188.19 |
| 1984 | 9 | - | 280,117,194.97 |
| 1984 | 10 | - | 283,719,227.87 |
| 1984 | 11 | - | 281,711,753.68 |
| 1984 | 12 | - | 294,945,355.97 |
| 1985 | 1 | - | 312,014,907.36 |
| 1985 | 2 | - | 310,522,483.49 |
| 1985 | 3 | - | 313,704,444.65 |
| 1985 | 4 | - | 322,286,251.54 |
| 1985 | 5 | - | 330,378,752.12 |
| 1985 | 6 | - | 337,803,091.99 |
| 1985 | 7 | - | 331,569,576.44 |
| 1985 | 8 | - | 325,319,509.00 |
| 1985 | 9 | - | 330,184,870.48 |
| 1985 | 10 | - | 351,384,441.51 |
| 1985 | 11 | - | 369,988,542.66 |
| 1985 | 12 | - | 372,769,852.26 |
| 1986 | 1 | - | 394,007,468.64 |
| 1986 | 2 | - | 418,368,048.91 |
| 1986 | 3 | - | 429,837,300.70 |
| 1986 | 4 | - | 431,951,370.28 |
| 1986 | 5 | - | 445,485,443.58 |
| 1986 | 6 | - | 437,449,271.19 |
| 1986 | 7 | - | 447,426,849.52 |
| 1986 | 8 | - | 436,436,991.45 |
| 1986 | 9 | - | 436,044,753.70 |
| 1986 | 10 | - | 451,449,995.36 |
| 1986 | 11 | - | 459,165,002.87 |
| 1986 | 12 | - | 489,806,786.45 |
| 1987 | 1 | - | 521,457,502.23 |
| 1987 | 2 | - | 544,278,616.13 |
| 1987 | 3 | - | 539,617,358.24 |
| 1987 | 4 | - | 540,549,984.16 |
| 1987 | 5 | - | 564,866,319.49 |
| 1987 | 6 | - | 582,501,993.23 |
| 1987 | 7 | - | 620,096,737.93 |
| 1987 | 8 | - | 601,305,166.56 |
| 1987 | 9 | - | 530,027,140.15 |
| 1987 | 10 | - | 464,815,705.58 |
| 1987 | 11 | - | 458,611,838.81 |
| 1987 | 12 | - | 478,086,984.02 |
| 1988 | 1 | - | 494,000,421.01 |
| 1988 | 2 | - | 509,966,805.86 |
| 1988 | 3 | - | 505,448,375.84 |
| 1988 | 4 | - | 494,387,815.78 |
| 1988 | 5 | - | 524,042,183.75 |
| 1988 | 6 | - | 522,433,791.75 |
| 1988 | 7 | - | 513,455,843.41 |
| 1988 | 8 | - | 523,351,004.30 |
| 1988 | 9 | - | 543,246,804.61 |
| 1988 | 10 | - | 532,271,874.42 |
| 1988 | 11 | - | 544,652,269.43 |
| 1988 | 12 | - | 563,784,042.19 |
| 1989 | 1 | - | 582,388,080.97 |
| 1989 | 2 | - | 581,446,598.14 |
| 1989 | 3 | - | 602,174,000.64 |
| 1989 | 4 | - | 626,955,280.11 |
| 1989 | 5 | - | 648,225,505.28 |
| 1989 | 6 | - | 666,376,954.21 |
| 1989 | 7 | - | 697,635,049.43 |
| 1989 | 8 | - | 700,813,036.06 |
| 1989 | 9 | - | 702,819,154.57 |
| 1989 | 10 | - | 690,073,173.14 |
| 1989 | 11 | - | 708,958,449.48 |
| 1989 | 12 | - | 693,281,776.94 |
| 1990 | 1 | - | 675,761,272.39 |
| 1990 | 2 | - | 694,055,258.51 |
| 1990 | 3 | - | 695,415,507.84 |
| 1990 | 4 | - | 722,195,437.84 |
| 1990 | 5 | - | 745,088,723.92 |
| 1990 | 6 | - | 746,353,314.88 |
| 1990 | 7 | - | 687,680,787.76 |
| 1990 | 8 | - | 657,828,147.20 |
| 1990 | 9 | - | 642,594,367.59 |
| 1990 | 10 | - | 661,768,192.71 |
| 1990 | 11 | - | 692,120,888.72 |
| 1990 | 12 | - | 687,378,676.40 |
| 1991 | 1 | - | 767,161,172.17 |
| 1991 | 2 | - | 790,518,317.31 |
| 1991 | 3 | - | 808,374,770.20 |
| 1991 | 4 | - | 806,928,759.88 |
| 1991 | 5 | - | 809,728,890.99 |
| 1991 | 6 | - | 816,048,710.57 |
| 1991 | 7 | - | 837,910,111.76 |
| 1991 | 8 | - | 835,370,398.46 |
| 1991 | 9 | - | 836,887,815.42 |
| 1991 | 10 | - | 837,020,003.23 |
| 1991 | 11 | - | 844,847,310.74 |
| 1991 | 12 | - | 907,011,395.21 |
| 1992 | 1 | - | 901,561,653.60 |
| 1992 | 2 | - | 892,434,441.79 |
| 1992 | 3 | - | 894,793,177.09 |
| 1992 | 4 | - | 913,300,636.02 |
| 1992 | 5 | - | 901,161,751.13 |
| 1992 | 6 | - | 918,393,165.15 |
| 1992 | 7 | - | 927,041,856.10 |
| 1992 | 8 | - | 930,547,811.00 |
| 1992 | 9 | - | 919,548,217.62 |
| 1992 | 10 | - | 944,899,270.30 |
| 1992 | 11 | - | 975,808,814.30 |
| 1992 | 12 | - | 977,203,178.89 |
| 1993 | 1 | - | 994,052,578.63 |
| 1993 | 2 | - | 1,015,426,228.17 |
| 1993 | 3 | - | 1,001,801,795.93 |
| 1993 | 4 | - | 1,009,062,096.77 |
| 1993 | 5 | - | 1,017,792,325.26 |
| 1993 | 6 | - | 1,018,413,216.59 |
| 1993 | 7 | - | 1,036,362,401.36 |
| 1993 | 8 | - | 1,050,404,819.41 |
| 1993 | 9 | - | 1,063,449,869.54 |
| 1993 | 10 | - | 1,063,530,103.96 |
| 1993 | 11 | - | 1,072,965,528.41 |
| 1993 | 12 | - | 1,091,590,923.52 |
| 1994 | 1 | - | 1,090,764,577.87 |
| 1994 | 2 | - | 1,075,234,073.76 |
| 1994 | 3 | - | 1,039,252,682.99 |
| 1994 | 4 | - | 1,050,250,489.75 |
| 1994 | 5 | - | 1,061,888,242.67 |
| 1994 | 6 | - | 1,056,378,368.10 |
| 1994 | 7 | - | 1,088,936,773.16 |
| 1994 | 8 | - | 1,097,838,451.29 |
| 1994 | 9 | - | 1,092,963,975.84 |
| 1994 | 10 | - | 1,088,921,278.50 |
| 1994 | 11 | - | 1,077,752,145.00 |
| 1994 | 12 | - | 1,104,169,727.90 |
| 1995 | 1 | - | 1,146,339,004.16 |
| 1995 | 2 | - | 1,175,664,305.78 |
| 1995 | 3 | - | 1,213,468,415.54 |
| 1995 | 4 | - | 1,254,092,427.01 |
| 1995 | 5 | - | 1,293,952,775.14 |
| 1995 | 6 | - | 1,339,855,490.94 |
| 1995 | 7 | - | 1,346,730,612.86 |
| 1995 | 8 | - | 1,396,797,537.19 |
| 1995 | 9 | - | 1,409,544,256.94 |
| 1995 | 10 | - | 1,442,786,742.49 |
| 1995 | 11 | - | 1,491,684,775.75 |
| 1995 | 12 | - | 1,494,109,953.85 |
| 1996 | 1 | - | 1,582,328,085.97 |
| 1996 | 2 | - | 1,579,152,398.43 |
| 1996 | 3 | - | 1,582,263,992.71 |
| 1996 | 4 | - | 1,619,523,550.67 |
| 1996 | 5 | - | 1,640,230,668.30 |
| 1996 | 6 | - | 1,583,206,992.02 |
| 1996 | 7 | - | 1,631,902,522.81 |
| 1996 | 8 | - | 1,664,927,772.93 |
| 1996 | 9 | - | 1,733,514,435.69 |
| 1996 | 10 | - | 1,821,093,003.83 |
| 1996 | 11 | - | 1,842,913,840.39 |
| 1996 | 12 | - | 1,902,947,497.43 |
| 1997 | 1 | - | 1,985,938,152.50 |
| 1997 | 2 | - | 1,973,552,146.69 |
| 1997 | 3 | - | 1,906,347,832.97 |
| 1997 | 4 | - | 2,082,071,751.09 |
| 1997 | 5 | - | 2,193,188,284.17 |
| 1997 | 6 | - | 2,318,987,909.63 |
| 1997 | 7 | - | 2,327,053,098.24 |
| 1997 | 8 | - | 2,354,791,757.38 |
| 1997 | 9 | - | 2,393,536,930.29 |
| 1997 | 10 | - | 2,365,962,348.59 |
| 1997 | 11 | - | 2,428,296,384.08 |
| 1997 | 12 | - | 2,434,053,590.68 |
| 1998 | 1 | - | 2,589,885,557.52 |
| 1998 | 2 | - | 2,727,482,872.74 |
| 1998 | 3 | - | 2,820,372,083.24 |
| 1998 | 4 | - | 2,814,114,874.01 |
| 1998 | 5 | - | 2,817,392,109.42 |
| 1998 | 6 | - | 2,943,263,787.65 |
| 1998 | 7 | - | 2,738,088,657.29 |
| 1998 | 8 | - | 2,603,964,749.35 |
| 1998 | 9 | - | 2,637,578,203.24 |
| 1998 | 10 | - | 2,927,036,169.99 |
| 1998 | 11 | - | 3,047,164,806.47 |
| 1998 | 12 | - | 3,200,976,150.46 |
| 1999 | 1 | - | 3,198,840,776.48 |
| 1999 | 2 | - | 3,292,359,201.16 |
| 1999 | 3 | - | 3,432,285,195.04 |
| 1999 | 4 | - | 3,428,893,007.52 |
| 1999 | 5 | - | 3,407,916,166.51 |
| 1999 | 6 | - | 3,562,035,334.67 |
| 1999 | 7 | - | 3,427,590,382.86 |
| 1999 | 8 | - | 3,407,092,821.97 |
| 1999 | 9 | - | 3,363,738,547.79 |
| 1999 | 10 | - | 3,602,764,114.09 |
| 1999 | 11 | - | 3,703,956,056.86 |
| 1999 | 12 | - | 3,699,550,844.59 |
| 2000 | 1 | - | 3,607,873,114.80 |
| 2000 | 2 | - | 3,750,057,720.10 |
| 2000 | 3 | - | 3,803,483,494.40 |
| 2000 | 4 | - | 3,695,510,433.16 |
| 2000 | 5 | - | 3,812,417,172.42 |
| 2000 | 6 | - | 3,844,835,774.49 |
| 2000 | 7 | - | 3,880,966,122.89 |
| 2000 | 8 | - | 3,839,065,248.92 |
| 2000 | 9 | - | 3,638,887,566.19 |
| 2000 | 10 | - | 3,610,774,828.15 |
| 2000 | 11 | - | 3,490,894,440.54 |
| 2000 | 12 | - | 3,506,778,277.34 |
| 2001 | 1 | - | 3,431,864,453.01 |
| 2001 | 2 | - | 3,120,254,489.82 |
| 2001 | 3 | - | 3,134,254,872.75 |
| 2001 | 4 | - | 3,349,870,701.95 |
| 2001 | 5 | - | 3,269,853,938.39 |
| 2001 | 6 | - | 3,182,868,395.44 |
| 2001 | 7 | - | 3,117,752,023.83 |
| 2001 | 8 | - | 2,767,088,328.70 |
| 2001 | 9 | - | 2,855,193,292.73 |
| 2001 | 10 | - | 2,999,470,384.08 |
| 2001 | 11 | - | 3,043,444,101.13 |
| 2001 | 12 | - | 3,034,384,095.74 |
| 2002 | 1 | - | 2,932,648,196.60 |
| 2002 | 2 | - | 3,077,675,588.86 |
| 2002 | 3 | - | 2,969,512,768.59 |
| 2002 | 4 | - | 2,885,761,480.15 |
| 2002 | 5 | - | 2,714,896,740.95 |
| 2002 | 6 | - | 2,422,814,597.47 |
| 2002 | 7 | - | 2,450,405,387.77 |
| 2002 | 8 | - | 2,333,821,711.35 |
| 2002 | 9 | - | 2,301,917,371.80 |
| 2002 | 10 | - | 2,454,432,674.23 |
| 2002 | 11 | - | 2,429,027,791.36 |
| 2002 | 12 | - | 2,423,622,778.16 |
| 2003 | 1 | - | 2,268,151,352.10 |
| 2003 | 2 | - | 2,297,816,461.99 |
| 2003 | 3 | - | 2,419,275,796.49 |
| 2003 | 4 | - | 2,547,792,848.36 |
| 2003 | 5 | - | 2,693,123,663.03 |
| 2003 | 6 | - | 2,709,172,008.74 |
| 2003 | 7 | - | 2,704,666,002.48 |
| 2003 | 8 | - | 2,790,165,387.48 |
| 2003 | 9 | - | 2,846,745,170.47 |
| 2003 | 10 | - | 2,881,207,475.17 |
| 2003 | 11 | - | 2,969,482,206.85 |
| 2003 | 12 | - | 3,116,025,006.97 |
| 2004 | 1 | - | 3,149,885,672.64 |
| 2004 | 2 | - | 3,100,583,765.09 |
| 2004 | 3 | - | 3,130,601,664.87 |
| 2004 | 4 | - | 3,050,325,105.55 |
| 2004 | 5 | - | 3,137,493,540.28 |
| 2004 | 6 | - | 3,067,251,974.39 |
| 2004 | 7 | - | 3,024,691,701.73 |
| 2004 | 8 | - | 3,108,857,513.74 |
| 2004 | 9 | - | 3,112,047,055.54 |
| 2004 | 10 | - | 3,260,612,948.07 |
| 2004 | 11 | - | 3,349,544,447.19 |
| 2004 | 12 | - | 3,304,351,670.99 |
| 2005 | 1 | - | 3,359,904,653.71 |
| 2005 | 2 | - | 3,351,317,138.40 |
| 2005 | 3 | - | 3,270,586,641.23 |
| 2005 | 4 | - | 3,314,277,445.91 |
| 2005 | 5 | - | 3,386,551,810.53 |
| 2005 | 6 | - | 3,447,773,587.60 |
| 2005 | 7 | - | 3,458,462,313.83 |
| 2005 | 8 | - | 3,468,135,303.75 |
| 2005 | 9 | - | 3,377,123,816.19 |
| 2005 | 10 | - | 3,510,910,005.83 |
| 2005 | 11 | - | 3,586,188,514.45 |
| 2005 | 12 | - | 3,638,789,658.90 |
| 2006 | 1 | - | 3,638,184,172.54 |
| 2006 | 2 | - | 3,692,252,601.49 |
| 2006 | 3 | - | 3,721,729,015.31 |
| 2006 | 4 | - | 3,692,452,568.40 |
| 2006 | 5 | - | 3,592,542,446.07 |
| 2006 | 6 | - | 3,618,410,211.82 |
| 2006 | 7 | - | 3,701,335,462.25 |
| 2006 | 8 | - | 3,795,022,685.47 |
| 2006 | 9 | - | 3,932,247,408.04 |
| 2006 | 10 | - | 4,010,956,962.07 |
| 2006 | 11 | - | 4,097,122,945.41 |
| 2006 | 12 | - | 4,125,508,899.55 |
| 2007 | 1 | - | 4,191,354,003.52 |
| 2007 | 2 | - | 4,087,664,472.28 |
| 2007 | 3 | - | 4,258,539,471.07 |
| 2007 | 4 | - | 4,402,978,617.00 |
| 2007 | 5 | - | 4,418,164,556.05 |
| 2007 | 6 | - | 4,443,552,197.92 |
| 2007 | 7 | - | 4,256,873,779.23 |
| 2007 | 8 | - | 4,387,761,727.40 |
| 2007 | 9 | - | 4,519,027,447.48 |
| 2007 | 10 | - | 4,301,828,977.05 |
| 2007 | 11 | - | 4,355,095,120.09 |
| 2007 | 12 | - | 4,066,125,962.84 |
| 2008 | 1 | - | 4,002,533,147.91 |
| 2008 | 2 | - | 3,897,401,180.71 |
| 2008 | 3 | - | 4,062,799,191.49 |
| 2008 | 4 | - | 4,166,912,655.53 |
| 2008 | 5 | - | 3,989,961,289.92 |
| 2008 | 6 | - | 3,747,432,627.06 |
| 2008 | 7 | - | 3,826,523,501.79 |
| 2008 | 8 | - | 3,641,031,389.60 |
| 2008 | 9 | - | 2,905,776,619.04 |
| 2008 | 10 | - | 2,655,724,429.81 |
| 2008 | 11 | - | 2,646,397,067.25 |
| 2008 | 12 | - | 2,617,404,289.01 |
| 2009 | 1 | - | 2,441,972,597.03 |
| 2009 | 2 | - | 2,303,086,957.70 |
| 2009 | 3 | - | 2,586,867,577.62 |
| 2009 | 4 | - | 2,759,148,346.00 |
| 2009 | 5 | - | 2,838,304,477.86 |
| 2009 | 6 | - | 2,874,567,853.81 |
| 2009 | 7 | - | 3,108,004,178.14 |
| 2009 | 8 | - | 3,221,456,999.52 |
| 2009 | 9 | - | 3,298,872,096.72 |
| 2009 | 10 | - | 3,367,961,222.88 |
| 2009 | 11 | - | 3,442,927,244.04 |
| 2009 | 12 | - | 3,489,646,661.04 |
| 2010 | 1 | - | 3,388,500,183.18 |
| 2010 | 2 | - | 3,589,879,955.76 |
| 2010 | 3 | - | 3,736,631,743.03 |
| 2010 | 4 | - | 3,516,828,243.98 |
| 2010 | 5 | - | 3,392,207,181.00 |
| 2010 | 6 | - | 3,386,811,095.02 |
| 2010 | 7 | - | 3,416,059,987.63 |
| 2010 | 8 | - | 3,531,220,648.38 |
| 2010 | 9 | - | 3,692,860,032.88 |
| 2010 | 10 | - | 3,784,846,017.19 |
| 2010 | 11 | - | 3,925,405,211.26 |
| 2010 | 12 | - | 4,061,310,321.76 |
| 2011 | 1 | - | 4,189,276,684.32 |
| 2011 | 2 | - | 4,142,672,616.04 |
| 2011 | 3 | - | 4,234,680,666.97 |
| 2011 | 4 | - | 4,262,597,157.16 |
| 2011 | 5 | - | 4,106,475,266.09 |
| 2011 | 6 | - | 4,233,847,274.92 |
| 2011 | 7 | - | 3,793,499,767.40 |
| 2011 | 8 | - | 3,763,559,759.87 |
| 2011 | 9 | - | 3,877,178,089.93 |
| 2011 | 10 | - | 3,945,692,574.11 |
| 2011 | 11 | - | 4,007,038,270.68 |
| 2011 | 12 | - | 4,198,677,199.65 |
| 2012 | 1 | - | 4,373,451,699.87 |
| 2012 | 2 | - | 4,499,574,931.33 |
| 2012 | 3 | - | 4,497,855,628.43 |
| 2012 | 4 | - | 4,358,829,059.95 |
| 2012 | 5 | - | 4,308,597,429.76 |
| 2012 | 6 | - | 4,434,455,301.91 |
| 2012 | 7 | - | 4,584,681,379.13 |
| 2012 | 8 | - | 4,723,192,218.50 |
| 2012 | 9 | - | 4,712,936,526.04 |
| 2012 | 10 | - | 4,579,207,237.11 |
| 2012 | 11 | - | 4,678,829,501.24 |
| 2012 | 12 | - | 4,878,557,569.46 |
| 2013 | 1 | - | 4,992,375,383.81 |
| 2013 | 2 | - | 5,128,290,508.32 |
| 2013 | 3 | - | 5,202,845,155.24 |
| 2013 | 4 | - | 5,440,837,329.28 |
| 2013 | 5 | - | 5,380,021,007.62 |
| 2013 | 6 | - | 5,555,112,562.77 |
| 2013 | 7 | - | 5,569,140,792.94 |
| 2013 | 8 | - | 5,635,550,977.94 |
| 2013 | 9 | - | 5,754,886,582.10 |
| 2013 | 10 | - | 5,977,024,861.41 |
| 2013 | 11 | - | 6,067,974,957.38 |
| 2013 | 12 | - | 6,126,701,283.89 |
| 2014 | 1 | - | 6,118,734,372.75 |
| 2014 | 2 | - | 6,285,302,800.57 |
| 2014 | 3 | - | 6,297,981,763.39 |
| 2014 | 4 | - | 6,394,469,032.82 |
| 2014 | 5 | - | 6,598,856,586.99 |
| 2014 | 6 | - | 6,697,563,733.60 |
| 2014 | 7 | - | 6,668,968,430.19 |
| 2014 | 8 | - | 6,787,544,943.91 |
| 2014 | 9 | - | 6,607,906,886.76 |
| 2014 | 10 | - | 6,984,931,073.17 |
| 2014 | 11 | - | 7,029,207,692.20 |
| 2014 | 12 | - | 6,951,180,282.91 |
| 2015 | 1 | - | 7,147,717,820.23 |
| 2015 | 2 | - | 7,151,675,043.49 |
| 2015 | 3 | - | 7,214,496,048.77 |
| 2015 | 4 | - | 7,285,119,033.43 |
| 2015 | 5 | - | 7,253,392,335.55 |
| 2015 | 6 | - | 7,247,616,452.19 |
| 2015 | 7 | - | 7,071,905,420.21 |
| 2015 | 8 | - | 6,753,167,889.56 |
| 2015 | 9 | - | 7,044,710,206.03 |
| 2015 | 10 | - | 7,251,294,214.66 |
| 2015 | 11 | - | 7,171,314,626.38 |
| 2015 | 12 | - | 6,710,943,352.08 |
| 2016 | 1 | - | 6,674,039,265.42 |
| 2016 | 2 | - | 7,098,690,198.87 |
| 2016 | 3 | - | 7,299,672,592.89 |
| 2016 | 4 | - | 7,277,454,927.16 |
| 2016 | 5 | - | 7,355,068,272.75 |
| 2016 | 6 | - | 7,597,597,156.89 |
| 2016 | 7 | - | 7,688,711,871.42 |
| 2016 | 8 | - | 7,654,983,703.55 |
| 2016 | 9 | - | 7,616,250,945.56 |
| 2016 | 10 | - | 7,707,734,348.35 |
| 2016 | 11 | - | 8,011,878,757.48 |
| 2016 | 12 | - | 8,127,060,309.74 |
| 2017 | 1 | - | 8,336,449,572.80 |
| 2017 | 2 | - | 8,482,275,491.00 |
| 2017 | 3 | - | 8,469,212,438.39 |
| 2017 | 4 | - | 8,612,543,131.40 |
| 2017 | 5 | - | 8,765,538,753.95 |
| 2017 | 6 | - | 8,852,132,116.84 |
| 2017 | 7 | - | 8,874,068,165.86 |
| 2017 | 8 | - | 9,020,779,856.20 |
| 2017 | 9 | - | 9,267,480,065.36 |
| 2017 | 10 | - | 9,414,793,049.93 |
| 2017 | 11 | - | 9,686,267,317.20 |
| 2017 | 12 | - | 10,157,203,778.99 |
| 2018 | 1 | - | 9,863,997,156.73 |
| 2018 | 2 | - | 9,870,367,151.50 |
| 2018 | 3 | - | 9,706,127,015.63 |
| 2018 | 4 | - | 9,896,524,453.61 |
| 2018 | 5 | - | 10,105,635,022.23 |
| 2018 | 6 | - | 10,265,379,037.15 |
| 2018 | 7 | - | 10,516,963,452.02 |
| 2018 | 8 | - | 10,693,621,907.20 |
| 2018 | 9 | - | 10,282,025,880.35 |
| 2018 | 10 | - | 10,068,559,886.11 |
| 2018 | 11 | - | 9,508,495,017.72 |
| 2018 | 12 | - | 9,673,527,917.62 |
| 2019 | 1 | - | 10,237,388,433.18 |
| 2019 | 2 | - | 10,436,815,008.03 |
| 2019 | 3 | - | 10,825,400,551.48 |
| 2019 | 4 | - | 10,659,578,306.14 |
| 2019 | 5 | - | 10,809,318,644.79 |
| 2019 | 6 | - | 11,223,028,432.84 |
| 2019 | 7 | - | 10,871,252,255.89 |
| 2019 | 8 | - | 11,206,655,114.19 |
| 2019 | 9 | - | 11,207,753,674.71 |
| 2019 | 10 | - | 11,704,670,978.06 |
| 2019 | 11 | - | 11,993,696,744.42 |
| 2019 | 12 | - | 12,395,053,512.51 |
| 2020 | 1 | - | 12,410,184,999.31 |
| 2020 | 2 | - | 10,062,462,324.29 |
| 2020 | 3 | - | 10,497,021,265.55 |
| 2020 | 4 | - | 11,115,019,258.59 |
| 2020 | 5 | - | 11,838,414,929.03 |
| 2020 | 6 | - | 12,249,969,716.40 |
| 2020 | 7 | - | 12,971,922,276.43 |
| 2020 | 8 | - | 12,890,587,981.80 |
| 2020 | 9 | - | 13,113,079,706.43 |
| 2020 | 10 | - | 13,631,586,166.04 |
| 2020 | 11 | - | 14,212,302,704.22 |
| 2020 | 12 | - | 14,609,579,167.61 |
| 2021 | 1 | - | 14,973,581,004.67 |
| 2021 | 2 | - | 15,096,567,660.05 |
| 2021 | 3 | - | 16,005,605,385.19 |
| 2021 | 4 | - | 16,127,285,042.08 |
| 2021 | 5 | - | 16,419,257,086.80 |
| 2021 | 6 | - | 16,923,032,974.07 |
| 2021 | 7 | - | 17,292,828,635.70 |
| 2021 | 8 | - | 17,278,216,397.63 |
| 2021 | 9 | - | 17,356,344,357.31 |
| 2021 | 10 | - | 18,179,858,475.34 |
| 2021 | 11 | - | 18,228,108,480.54 |
| 2021 | 12 | - | 17,854,076,281.44 |
| 2022 | 1 | - | 17,335,849,244.71 |
| 2022 | 2 | - | 17,181,112,296.67 |
| 2022 | 3 | - | 17,201,437,867.03 |
| 2022 | 4 | - | 15,847,215,057.76 |
| 2022 | 5 | - | 15,313,261,391.45 |
| 2022 | 6 | - | 15,384,419,871.26 |
| 2022 | 7 | - | 16,376,314,013.10 |
| 2022 | 8 | - | 15,184,543,458.65 |
| 2022 | 9 | - | 14,715,162,626.22 |
| 2022 | 10 | - | 15,492,872,832.32 |
| 2022 | 11 | - | 15,494,551,865.60 |
| 2022 | 12 | - | 15,707,827,601.65 |
| 2023 | 1 | - | 16,202,148,481.65 |
| 2023 | 2 | - | 15,783,253,750.80 |
| 2023 | 3 | - | 16,413,987,496.56 |
| 2023 | 4 | - | 16,535,072,702.44 |
| 2023 | 5 | - | 17,352,266,867.25 |
| 2023 | 6 | - | 18,024,848,015.74 |
| 2023 | 7 | - | 17,845,025,510.49 |
| 2023 | 8 | - | 17,674,859,421.84 |
| 2023 | 9 | - | 17,138,018,696.58 |
| 2023 | 10 | - | 17,926,662,968.17 |
| 2023 | 11 | - | 18,854,412,049.06 |
| 2023 | 12 | - | 19,403,421,758.99 |
| 2024 | 1 | - | 20,218,224,124.13 |
| 2024 | 2 | - | 20,881,810,510.18 |
| 2024 | 3 | - | 20,671,086,276.83 |
| 2024 | 4 | - | 21,191,318,186.29 |
| 2024 | 5 | - | 21,943,733,764.39 |
| 2024 | 6 | - | 22,465,920,300.48 |
| 2024 | 7 | - | 22,247,863,711.13 |
| 2024 | 8 | - | 22,853,475,172.59 |
| 2024 | 9 | - | 23,573,790,694.32 |
| 2024 | 10 | - | 24,158,841,366.19 |
| 2024 | 11 | - | 24,514,053,914.97 |
| 2024 | 12 | - | 24,411,456,898.57 |
| 2025 | 1 | - | 24,678,645,183.46 |
| 2025 | 2 | - | 23,254,829,226.32 |
| 2025 | 3 | - | 21,994,129,943.74 |
| 2025 | 4 | - | 23,828,386,199.81 |
| 2025 | 5 | - | 24,752,848,311.70 |
| 2025 | 6 | - | 25,873,477,941.60 |
| 2025 | 7 | - | 26,362,177,452.66 |
| 2025 | 8 | - | 27,109,065,829.55 |
| 2025 | 9 | - | 27,760,495,401.19 |
| 2025 | 10 | - | 27,808,975,205.95 |
| 2025 | 11 | - | 28,298,816,853.97 |
| 2025 | 12 | - | 28,640,413,283.89 |
| 2026 | 1 | - | 28,521,928,889.13 |
| 2026 | 2 | - | 27,559,116,711.93 |
| 2026 | 3 | - | 28,840,015,741.04 |
| 2026 | 4 | - | 30,756,295,014.47 |
| 2026 | 5 | - | 30,939,754,222.11 |
| 2026 | 6 | - | 31,191,297,887.77 |
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 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.
|
Start Value
Average monthly close | $93.49 |
|
End Value
Average monthly close | $7,503.85 |
| Change in price |
+7,926.37%
+8.30% / yr |
| Change incl. dividends |
+35,459.32%
+11.16% / yr |
| Change incl. dividends, inflation-adjusted |
+4,212.45%
+7.02% / yr |
|
Final amount, nominal ($100000000 base) | $35,559,322,444.85 |
|
Final amount, inflation-adjusted ($100000000 base) | $4,312,453,762.87 |