If you invested $67000 in the S&P 500 at the beginning of 1976, you would have about $9,030,971.79 at the end of 2020, assuming you reinvested all dividends. This is a return on investment of 13,379.06%, or 11.51% per year.
This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 2,863.39% cumulatively, or 7.82% per year.
If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $8,400,154.21.
The graph below shows the performance of $67000 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 $67000 is $8,963,971.79, or 13,379.06%. This means by 2020 you would have $9,030,971.79 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 1976 was 56.900 and the CPI in 2020 was 258.812.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 44 years.
Adjusted for inflation, the $9,030,971.79 nominal end value of the original $67000 investment would have a real return of roughly $1,918,468.05 in 1976 dollars. This means the inflation-adjusted return is 2,863.39% as opposed to the original 13,379.06%.
For more information on inflation, see our U.S. inflation calculator for 1976.
The table below shows the full dataset pertaining to a $67000 investment, including gains and losses over the 540-month period between 1976 and 2020.
Note that data shown is the monthly average closing price. Returns include dividends.
Year | Month | Return (%) | Amount ($) | CPI |
---|---|---|---|---|
1976 | 1 | 4.18% | 69,799.35 | 55.60 |
1976 | 2 | 0.80% | 70,359.43 | 55.80 |
1976 | 3 | 1.10% | 71,130.18 | 55.90 |
1976 | 4 | -0.38% | 70,857.56 | 56.10 |
1976 | 5 | 0.90% | 71,495.69 | 56.50 |
1976 | 6 | 2.67% | 73,401.30 | 56.80 |
1976 | 7 | -0.56% | 72,989.80 | 57.10 |
1976 | 8 | 2.44% | 74,769.21 | 57.40 |
1976 | 9 | -3.11% | 72,445.22 | 57.60 |
1976 | 10 | -0.37% | 72,179.60 | 57.90 |
1976 | 11 | 3.79% | 74,912.69 | 58.00 |
1976 | 12 | -0.54% | 74,510.22 | 58.20 |
1977 | 1 | -2.37% | 72,745.37 | 58.50 |
1977 | 2 | -0.05% | 72,705.95 | 59.10 |
1977 | 3 | -1.19% | 71,838.08 | 59.50 |
1977 | 4 | 0.06% | 71,884.42 | 60.00 |
1977 | 5 | 0.90% | 72,531.21 | 60.30 |
1977 | 6 | 1.28% | 73,461.38 | 60.70 |
1977 | 7 | -2.08% | 71,934.40 | 61.00 |
1977 | 8 | -1.18% | 71,088.93 | 61.20 |
1977 | 9 | -2.20% | 69,526.49 | 61.40 |
1977 | 10 | 0.98% | 70,208.65 | 61.60 |
1977 | 11 | -0.08% | 70,152.38 | 61.90 |
1977 | 12 | -3.39% | 67,773.97 | 62.10 |
1978 | 1 | -0.97% | 67,115.21 | 62.50 |
1978 | 2 | 0.27% | 67,293.51 | 62.90 |
1978 | 3 | 4.83% | 70,543.78 | 63.40 |
1978 | 4 | 5.50% | 74,426.74 | 63.90 |
1978 | 5 | 0.67% | 74,928.04 | 64.50 |
1978 | 6 | -0.06% | 74,881.37 | 65.20 |
1978 | 7 | 7.33% | 80,368.79 | 65.70 |
1978 | 8 | 0.40% | 80,690.01 | 66.00 |
1978 | 9 | -2.77% | 78,452.07 | 66.50 |
1978 | 10 | -5.44% | 74,186.12 | 67.10 |
1978 | 11 | 1.92% | 75,612.59 | 67.40 |
1978 | 12 | 4.19% | 78,777.22 | 67.70 |
1979 | 1 | -1.06% | 77,944.58 | 68.30 |
1979 | 2 | 2.34% | 79,769.38 | 69.10 |
1979 | 3 | 2.43% | 81,708.50 | 69.80 |
1979 | 4 | -1.89% | 80,161.74 | 70.60 |
1979 | 5 | 2.42% | 82,099.76 | 71.50 |
1979 | 6 | 1.42% | 83,266.27 | 72.30 |
1979 | 7 | 5.01% | 87,441.52 | 73.10 |
1979 | 8 | 1.54% | 88,788.51 | 73.80 |
1979 | 9 | -3.35% | 85,811.86 | 74.60 |
1979 | 10 | -0.32% | 85,535.18 | 75.20 |
1979 | 11 | 4.40% | 89,302.14 | 75.90 |
1979 | 12 | 3.31% | 92,260.24 | 76.70 |
1980 | 1 | 4.40% | 96,315.87 | 77.80 |
1980 | 2 | -8.78% | 87,861.43 | 78.90 |
1980 | 3 | -1.16% | 86,840.43 | 80.10 |
1980 | 4 | 5.04% | 91,213.84 | 81.00 |
1980 | 5 | 6.86% | 97,473.55 | 81.80 |
1980 | 6 | 4.97% | 102,317.46 | 82.70 |
1980 | 7 | 3.50% | 105,903.37 | 82.70 |
1980 | 8 | 2.84% | 108,906.58 | 83.30 |
1980 | 9 | 3.32% | 112,527.47 | 84.00 |
1980 | 10 | 4.61% | 117,720.28 | 84.80 |
1980 | 11 | -1.24% | 116,254.92 | 85.50 |
1980 | 12 | 0.01% | 116,266.53 | 86.30 |
1981 | 1 | -3.07% | 112,696.94 | 87.00 |
1981 | 2 | 4.14% | 117,366.32 | 87.90 |
1981 | 3 | 1.29% | 118,884.79 | 88.50 |
1981 | 4 | -1.62% | 116,962.11 | 89.10 |
1981 | 5 | 0.86% | 117,965.16 | 89.80 |
1981 | 6 | -2.02% | 115,586.69 | 90.60 |
1981 | 7 | 0.80% | 116,514.34 | 91.60 |
1981 | 8 | -8.30% | 106,840.53 | 92.30 |
1981 | 9 | 1.73% | 108,685.93 | 93.20 |
1981 | 10 | 3.04% | 111,994.03 | 93.40 |
1981 | 11 | 1.18% | 113,314.86 | 93.70 |
1981 | 12 | -4.80% | 107,871.07 | 94.00 |
1982 | 1 | -1.91% | 105,806.53 | 94.30 |
1982 | 2 | -2.74% | 102,902.63 | 94.60 |
1982 | 3 | 5.47% | 108,530.70 | 94.50 |
1982 | 4 | 0.57% | 109,148.94 | 94.90 |
1982 | 5 | -5.27% | 103,396.12 | 95.80 |
1982 | 6 | 0.24% | 103,648.24 | 97.00 |
1982 | 7 | 0.79% | 104,471.19 | 97.50 |
1982 | 8 | 12.10% | 117,108.41 | 97.70 |
1982 | 9 | 8.88% | 127,509.28 | 97.90 |
1982 | 10 | 4.50% | 133,247.09 | 98.20 |
1982 | 11 | 1.36% | 135,053.25 | 98.00 |
1982 | 12 | 3.93% | 140,355.11 | 97.60 |
1983 | 1 | 2.13% | 143,344.70 | 97.80 |
1983 | 2 | 3.87% | 148,885.85 | 97.90 |
1983 | 3 | 4.20% | 155,135.17 | 97.90 |
1983 | 4 | 4.42% | 161,998.37 | 98.60 |
1983 | 5 | 1.75% | 164,839.01 | 99.20 |
1983 | 6 | 0.71% | 166,006.29 | 99.50 |
1983 | 7 | -2.41% | 162,010.21 | 99.90 |
1983 | 8 | 3.31% | 167,378.96 | 100.20 |
1983 | 9 | 0.65% | 168,463.46 | 100.70 |
1983 | 10 | -1.14% | 166,540.57 | 101.00 |
1983 | 11 | -0.13% | 166,327.19 | 101.20 |
1983 | 12 | 1.58% | 168,948.40 | 101.30 |
1984 | 1 | -5.11% | 160,311.45 | 101.90 |
1984 | 2 | 0.44% | 161,020.60 | 102.40 |
1984 | 3 | 0.51% | 161,837.30 | 102.60 |
1984 | 4 | -0.25% | 161,428.54 | 103.10 |
1984 | 5 | -1.85% | 158,444.85 | 103.40 |
1984 | 6 | -0.91% | 157,005.46 | 103.70 |
1984 | 7 | 9.21% | 171,460.27 | 104.10 |
1984 | 8 | 1.41% | 173,872.66 | 104.50 |
1984 | 9 | -0.41% | 173,155.60 | 105.00 |
1984 | 10 | 1.29% | 175,382.21 | 105.30 |
1984 | 11 | -0.71% | 174,141.29 | 105.30 |
1984 | 12 | 4.70% | 182,321.69 | 105.30 |
1985 | 1 | 5.79% | 192,873.31 | 105.50 |
1985 | 2 | -0.48% | 191,950.76 | 106.00 |
1985 | 3 | 1.02% | 193,917.70 | 106.40 |
1985 | 4 | 2.74% | 199,222.58 | 106.90 |
1985 | 5 | 2.51% | 204,224.99 | 107.30 |
1985 | 6 | 2.25% | 208,814.38 | 107.60 |
1985 | 7 | -1.85% | 204,961.11 | 107.80 |
1985 | 8 | -1.88% | 201,097.60 | 108.00 |
1985 | 9 | 1.50% | 204,105.14 | 108.30 |
1985 | 10 | 6.42% | 217,209.75 | 108.70 |
1985 | 11 | 5.29% | 228,709.95 | 109.00 |
1985 | 12 | 0.75% | 230,429.23 | 109.30 |
1986 | 1 | 5.70% | 243,557.35 | 109.60 |
1986 | 2 | 6.18% | 258,615.94 | 109.30 |
1986 | 3 | 2.74% | 265,705.71 | 108.80 |
1986 | 4 | 0.49% | 267,012.53 | 108.60 |
1986 | 5 | 3.13% | 275,378.67 | 108.90 |
1986 | 6 | -1.80% | 270,411.08 | 109.50 |
1986 | 7 | 2.28% | 276,578.76 | 109.50 |
1986 | 8 | -2.46% | 269,785.33 | 109.70 |
1986 | 9 | -0.09% | 269,542.87 | 110.20 |
1986 | 10 | 3.53% | 279,065.68 | 110.30 |
1986 | 11 | 1.71% | 283,834.75 | 110.40 |
1986 | 12 | 6.67% | 302,776.09 | 110.50 |
1987 | 1 | 6.46% | 322,341.11 | 111.20 |
1987 | 2 | 4.38% | 336,448.08 | 111.60 |
1987 | 3 | -0.86% | 333,566.70 | 112.10 |
1987 | 4 | 0.17% | 334,143.21 | 112.70 |
1987 | 5 | 4.50% | 349,174.45 | 113.10 |
1987 | 6 | 3.12% | 360,076.02 | 113.50 |
1987 | 7 | 6.45% | 383,315.36 | 113.80 |
1987 | 8 | -3.03% | 371,699.28 | 114.40 |
1987 | 9 | -11.85% | 327,638.47 | 115.00 |
1987 | 10 | -12.30% | 287,327.75 | 115.30 |
1987 | 11 | -1.33% | 283,492.81 | 115.40 |
1987 | 12 | 4.25% | 295,531.45 | 115.40 |
1988 | 1 | 3.33% | 305,368.40 | 115.70 |
1988 | 2 | 3.23% | 315,238.09 | 116.00 |
1988 | 3 | -0.89% | 312,445.00 | 116.50 |
1988 | 4 | -2.19% | 305,607.87 | 117.10 |
1988 | 5 | 6.00% | 323,938.84 | 117.50 |
1988 | 6 | -0.31% | 322,944.61 | 118.00 |
1988 | 7 | -1.72% | 317,394.85 | 118.50 |
1988 | 8 | 1.93% | 323,511.59 | 119.00 |
1988 | 9 | 3.80% | 335,810.26 | 119.80 |
1988 | 10 | -2.02% | 329,026.06 | 120.20 |
1988 | 11 | 2.33% | 336,679.05 | 120.30 |
1988 | 12 | 3.51% | 348,505.44 | 120.50 |
1989 | 1 | 3.30% | 360,005.60 | 121.10 |
1989 | 2 | -0.16% | 359,423.62 | 121.60 |
1989 | 3 | 3.56% | 372,236.35 | 122.30 |
1989 | 4 | 4.12% | 387,555.00 | 123.10 |
1989 | 5 | 3.39% | 400,703.28 | 123.80 |
1989 | 6 | 2.80% | 411,923.67 | 124.10 |
1989 | 7 | 4.69% | 431,245.99 | 124.40 |
1989 | 8 | 0.46% | 433,210.48 | 124.60 |
1989 | 9 | 0.29% | 434,450.57 | 125.00 |
1989 | 10 | -1.81% | 426,571.59 | 125.60 |
1989 | 11 | 2.74% | 438,245.60 | 125.90 |
1989 | 12 | -2.21% | 428,555.00 | 126.10 |
1990 | 1 | -2.53% | 417,724.63 | 127.40 |
1990 | 2 | 2.71% | 429,033.13 | 128.00 |
1990 | 3 | 0.20% | 429,873.97 | 128.70 |
1990 | 4 | 3.85% | 446,428.10 | 128.90 |
1990 | 5 | 3.17% | 460,579.68 | 129.20 |
1990 | 6 | 0.17% | 461,361.39 | 129.90 |
1990 | 7 | -7.86% | 425,092.72 | 130.40 |
1990 | 8 | -4.34% | 406,639.19 | 131.60 |
1990 | 9 | -2.32% | 397,222.37 | 132.70 |
1990 | 10 | 2.98% | 409,074.75 | 133.50 |
1990 | 11 | 4.59% | 427,837.39 | 133.80 |
1990 | 12 | -0.69% | 424,905.97 | 133.80 |
1991 | 1 | 11.61% | 474,223.85 | 134.60 |
1991 | 2 | 3.04% | 488,662.17 | 134.80 |
1991 | 3 | 2.26% | 499,700.21 | 135.00 |
1991 | 4 | -0.18% | 498,806.35 | 135.20 |
1991 | 5 | 0.35% | 500,537.26 | 135.60 |
1991 | 6 | 0.78% | 504,443.89 | 136.00 |
1991 | 7 | 2.68% | 517,957.60 | 136.20 |
1991 | 8 | -0.30% | 516,387.67 | 136.60 |
1991 | 9 | 0.18% | 517,325.66 | 137.20 |
1991 | 10 | 0.02% | 517,407.38 | 137.40 |
1991 | 11 | 0.94% | 522,245.86 | 137.80 |
1991 | 12 | 7.36% | 560,672.85 | 137.90 |
1992 | 1 | -0.60% | 557,304.07 | 138.10 |
1992 | 2 | -1.01% | 551,662.04 | 138.60 |
1992 | 3 | 0.26% | 553,120.10 | 139.30 |
1992 | 4 | 2.07% | 564,560.57 | 139.50 |
1992 | 5 | -1.33% | 557,056.86 | 139.70 |
1992 | 6 | 1.91% | 567,708.53 | 140.20 |
1992 | 7 | 0.94% | 573,054.76 | 140.50 |
1992 | 8 | 0.38% | 575,221.98 | 140.90 |
1992 | 9 | -1.18% | 568,422.53 | 141.30 |
1992 | 10 | 2.76% | 584,093.39 | 141.80 |
1992 | 11 | 3.27% | 603,200.25 | 142.00 |
1992 | 12 | 0.14% | 604,062.19 | 141.90 |
1993 | 1 | 1.72% | 614,477.71 | 142.60 |
1993 | 2 | 2.15% | 627,689.92 | 143.10 |
1993 | 3 | -1.34% | 619,267.92 | 143.60 |
1993 | 4 | 0.72% | 623,755.91 | 144.00 |
1993 | 5 | 0.87% | 629,152.54 | 144.20 |
1993 | 6 | 0.06% | 629,536.34 | 144.40 |
1993 | 7 | 1.76% | 640,631.71 | 144.40 |
1993 | 8 | 1.35% | 649,312.08 | 144.80 |
1993 | 9 | 1.24% | 657,375.94 | 145.10 |
1993 | 10 | 0.01% | 657,425.53 | 145.70 |
1993 | 11 | 0.89% | 663,258.08 | 145.80 |
1993 | 12 | 1.74% | 674,771.44 | 145.80 |
1994 | 1 | -0.08% | 674,260.64 | 146.20 |
1994 | 2 | -1.42% | 664,660.39 | 146.70 |
1994 | 3 | -3.35% | 642,418.34 | 147.20 |
1994 | 4 | 1.06% | 649,216.68 | 147.40 |
1994 | 5 | 1.11% | 656,410.61 | 147.50 |
1994 | 6 | -0.52% | 653,004.66 | 148.00 |
1994 | 7 | 3.08% | 673,130.77 | 148.40 |
1994 | 8 | 0.82% | 678,633.38 | 149.00 |
1994 | 9 | -0.44% | 675,620.20 | 149.40 |
1994 | 10 | -0.37% | 673,121.19 | 149.50 |
1994 | 11 | -1.03% | 666,216.95 | 149.70 |
1994 | 12 | 2.45% | 682,547.08 | 149.70 |
1995 | 1 | 3.82% | 708,614.20 | 150.30 |
1995 | 2 | 2.56% | 726,741.75 | 150.90 |
1995 | 3 | 3.22% | 750,110.52 | 151.40 |
1995 | 4 | 3.35% | 775,222.42 | 151.90 |
1995 | 5 | 3.18% | 799,862.26 | 152.20 |
1995 | 6 | 3.55% | 828,237.21 | 152.50 |
1995 | 7 | 0.51% | 832,487.10 | 152.50 |
1995 | 8 | 3.72% | 863,436.18 | 152.90 |
1995 | 9 | 0.91% | 871,315.61 | 153.20 |
1995 | 10 | 2.36% | 891,864.59 | 153.70 |
1995 | 11 | 3.39% | 922,091.11 | 153.60 |
1995 | 12 | 0.16% | 923,590.25 | 153.50 |
1996 | 1 | 5.90% | 978,122.65 | 154.40 |
1996 | 2 | -0.20% | 976,159.59 | 154.90 |
1996 | 3 | 0.20% | 978,083.03 | 155.70 |
1996 | 4 | 2.35% | 1,001,115.18 | 156.30 |
1996 | 5 | 1.28% | 1,013,915.37 | 156.60 |
1996 | 6 | -3.48% | 978,665.95 | 156.70 |
1996 | 7 | 3.08% | 1,008,767.29 | 157.00 |
1996 | 8 | 2.02% | 1,029,181.99 | 157.30 |
1996 | 9 | 4.12% | 1,071,579.12 | 157.80 |
1996 | 10 | 5.05% | 1,125,716.17 | 158.30 |
1996 | 11 | 1.20% | 1,139,204.81 | 158.60 |
1996 | 12 | 3.26% | 1,176,314.87 | 158.60 |
1997 | 1 | 4.36% | 1,227,615.88 | 159.10 |
1997 | 2 | -0.62% | 1,219,959.42 | 159.60 |
1997 | 3 | -3.41% | 1,178,416.80 | 160.00 |
1997 | 4 | 9.22% | 1,287,041.26 | 160.20 |
1997 | 5 | 5.34% | 1,355,728.41 | 160.10 |
1997 | 6 | 5.74% | 1,433,491.97 | 160.30 |
1997 | 7 | 0.35% | 1,438,477.50 | 160.50 |
1997 | 8 | 1.19% | 1,455,624.26 | 160.80 |
1997 | 9 | 1.65% | 1,479,574.75 | 161.20 |
1997 | 10 | -1.15% | 1,462,529.41 | 161.60 |
1997 | 11 | 2.63% | 1,501,061.45 | 161.50 |
1997 | 12 | 0.24% | 1,504,620.29 | 161.30 |
1998 | 1 | 6.40% | 1,600,948.47 | 161.60 |
1998 | 2 | 5.31% | 1,686,004.82 | 161.90 |
1998 | 3 | 3.41% | 1,743,424.67 | 162.20 |
1998 | 4 | -0.22% | 1,739,556.75 | 162.50 |
1998 | 5 | 0.12% | 1,741,582.59 | 162.80 |
1998 | 6 | 4.47% | 1,819,390.68 | 163.00 |
1998 | 7 | -6.97% | 1,692,560.83 | 163.20 |
1998 | 8 | -4.90% | 1,609,651.58 | 163.40 |
1998 | 9 | 1.29% | 1,630,429.88 | 163.60 |
1998 | 10 | 10.97% | 1,809,359.52 | 164.00 |
1998 | 11 | 4.10% | 1,883,617.53 | 164.00 |
1998 | 12 | 5.05% | 1,978,696.65 | 163.90 |
1999 | 1 | -0.07% | 1,977,376.66 | 164.30 |
1999 | 2 | 2.92% | 2,035,185.46 | 164.50 |
1999 | 3 | 4.25% | 2,121,681.29 | 165.00 |
1999 | 4 | -0.10% | 2,119,584.40 | 166.20 |
1999 | 5 | -0.61% | 2,106,617.47 | 166.20 |
1999 | 6 | 4.52% | 2,201,886.88 | 166.20 |
1999 | 7 | -3.77% | 2,118,779.17 | 166.70 |
1999 | 8 | -0.60% | 2,106,108.52 | 167.10 |
1999 | 9 | -1.27% | 2,079,308.90 | 167.90 |
1999 | 10 | 7.11% | 2,227,063.54 | 168.20 |
1999 | 11 | 2.81% | 2,289,615.76 | 168.30 |
1999 | 12 | -0.12% | 2,286,892.66 | 168.30 |
2000 | 1 | -2.48% | 2,230,221.69 | 168.80 |
2000 | 2 | 3.94% | 2,318,113.69 | 169.80 |
2000 | 3 | 1.42% | 2,351,139.05 | 171.20 |
2000 | 4 | -2.84% | 2,284,395.06 | 171.30 |
2000 | 5 | 3.16% | 2,356,661.44 | 171.50 |
2000 | 6 | 0.85% | 2,376,701.14 | 172.40 |
2000 | 7 | 0.94% | 2,399,035.26 | 172.80 |
2000 | 8 | -1.08% | 2,373,134.06 | 172.80 |
2000 | 9 | -5.21% | 2,249,393.40 | 173.70 |
2000 | 10 | -0.77% | 2,232,015.40 | 174.00 |
2000 | 11 | -3.32% | 2,157,910.84 | 174.10 |
2000 | 12 | 0.46% | 2,167,729.50 | 174.00 |
2001 | 1 | -2.14% | 2,121,421.21 | 175.10 |
2001 | 2 | -9.08% | 1,928,798.22 | 175.80 |
2001 | 3 | 0.45% | 1,937,452.61 | 176.20 |
2001 | 4 | 6.88% | 2,070,736.43 | 176.90 |
2001 | 5 | -2.39% | 2,021,273.74 | 177.70 |
2001 | 6 | -2.66% | 1,967,503.26 | 178.00 |
2001 | 7 | -2.05% | 1,927,251.31 | 177.50 |
2001 | 8 | -11.25% | 1,710,487.10 | 177.50 |
2001 | 9 | 3.18% | 1,764,949.54 | 178.30 |
2001 | 10 | 5.05% | 1,854,135.02 | 177.70 |
2001 | 11 | 1.47% | 1,881,317.56 | 177.40 |
2001 | 12 | -0.30% | 1,875,717.08 | 176.70 |
2002 | 1 | -3.35% | 1,812,828.61 | 177.10 |
2002 | 2 | 4.95% | 1,902,477.90 | 177.80 |
2002 | 3 | -3.51% | 1,835,616.60 | 178.80 |
2002 | 4 | -2.82% | 1,783,845.40 | 179.80 |
2002 | 5 | -5.92% | 1,678,224.65 | 179.80 |
2002 | 6 | -10.76% | 1,497,672.86 | 179.90 |
2002 | 7 | 1.14% | 1,514,728.23 | 180.10 |
2002 | 8 | -4.76% | 1,442,661.54 | 180.70 |
2002 | 9 | -1.37% | 1,422,939.74 | 181.00 |
2002 | 10 | 6.63% | 1,517,217.71 | 181.30 |
2002 | 11 | -1.04% | 1,501,513.58 | 181.30 |
2002 | 12 | -0.22% | 1,498,172.44 | 180.90 |
2003 | 1 | -6.41% | 1,402,067.14 | 181.70 |
2003 | 2 | 1.31% | 1,420,404.75 | 183.10 |
2003 | 3 | 5.29% | 1,495,485.34 | 184.20 |
2003 | 4 | 5.31% | 1,574,928.69 | 183.80 |
2003 | 5 | 5.70% | 1,664,765.53 | 183.50 |
2003 | 6 | 0.60% | 1,674,685.88 | 183.70 |
2003 | 7 | -0.17% | 1,671,900.48 | 183.90 |
2003 | 8 | 3.16% | 1,724,752.28 | 184.60 |
2003 | 9 | 2.03% | 1,759,727.30 | 185.20 |
2003 | 10 | 1.21% | 1,781,030.32 | 185.00 |
2003 | 11 | 3.06% | 1,835,597.71 | 184.50 |
2003 | 12 | 4.93% | 1,926,183.75 | 184.30 |
2004 | 1 | 1.09% | 1,947,114.86 | 185.20 |
2004 | 2 | -1.57% | 1,916,638.68 | 186.20 |
2004 | 3 | 0.97% | 1,935,194.37 | 187.40 |
2004 | 4 | -2.56% | 1,885,571.08 | 188.00 |
2004 | 5 | 2.86% | 1,939,454.61 | 189.10 |
2004 | 6 | -2.24% | 1,896,034.49 | 189.70 |
2004 | 7 | -1.39% | 1,869,725.69 | 189.40 |
2004 | 8 | 2.78% | 1,921,753.13 | 189.50 |
2004 | 9 | 0.10% | 1,923,724.76 | 189.90 |
2004 | 10 | 4.77% | 2,015,561.38 | 190.90 |
2004 | 11 | 2.73% | 2,070,534.75 | 191.00 |
2004 | 12 | -1.35% | 2,042,598.65 | 190.30 |
2005 | 1 | 1.68% | 2,076,938.96 | 190.70 |
2005 | 2 | -0.26% | 2,071,630.55 | 191.80 |
2005 | 3 | -2.41% | 2,021,726.66 | 193.30 |
2005 | 4 | 1.34% | 2,048,734.31 | 194.60 |
2005 | 5 | 2.18% | 2,093,411.01 | 194.40 |
2005 | 6 | 1.81% | 2,131,255.50 | 194.50 |
2005 | 7 | 0.31% | 2,137,862.78 | 195.40 |
2005 | 8 | 0.28% | 2,143,842.18 | 196.40 |
2005 | 9 | -2.62% | 2,087,583.06 | 198.80 |
2005 | 10 | 3.96% | 2,170,283.54 | 199.20 |
2005 | 11 | 2.14% | 2,216,817.26 | 197.60 |
2005 | 12 | 1.47% | 2,249,332.88 | 196.80 |
2006 | 1 | -0.02% | 2,248,958.59 | 198.30 |
2006 | 2 | 1.49% | 2,282,381.22 | 198.70 |
2006 | 3 | 0.80% | 2,300,602.18 | 199.80 |
2006 | 4 | -0.79% | 2,282,504.83 | 201.50 |
2006 | 5 | -2.71% | 2,220,744.97 | 202.50 |
2006 | 6 | 0.72% | 2,236,735.24 | 202.90 |
2006 | 7 | 2.29% | 2,287,995.83 | 203.50 |
2006 | 8 | 2.53% | 2,345,908.97 | 203.90 |
2006 | 9 | 3.62% | 2,430,735.00 | 202.90 |
2006 | 10 | 2.00% | 2,479,389.64 | 201.80 |
2006 | 11 | 2.15% | 2,532,653.50 | 201.50 |
2006 | 12 | 0.69% | 2,550,200.39 | 201.80 |
2007 | 1 | 1.60% | 2,590,902.81 | 202.42 |
2007 | 2 | -2.47% | 2,526,806.70 | 203.50 |
2007 | 3 | 4.18% | 2,632,433.79 | 205.35 |
2007 | 4 | 3.39% | 2,721,719.44 | 206.69 |
2007 | 5 | 0.34% | 2,731,106.69 | 207.95 |
2007 | 6 | 0.57% | 2,746,800.17 | 208.35 |
2007 | 7 | -4.20% | 2,631,404.13 | 208.30 |
2007 | 8 | 3.07% | 2,712,313.06 | 207.92 |
2007 | 9 | 2.99% | 2,793,455.51 | 208.49 |
2007 | 10 | -4.81% | 2,659,193.38 | 208.94 |
2007 | 11 | 1.24% | 2,692,120.06 | 210.18 |
2007 | 12 | -6.64% | 2,513,492.58 | 210.04 |
2008 | 1 | -1.56% | 2,474,182.42 | 211.08 |
2008 | 2 | -2.63% | 2,409,194.66 | 211.69 |
2008 | 3 | 4.24% | 2,511,436.12 | 213.53 |
2008 | 4 | 2.56% | 2,575,794.29 | 214.82 |
2008 | 5 | -4.25% | 2,466,411.07 | 216.63 |
2008 | 6 | -6.08% | 2,316,490.98 | 218.82 |
2008 | 7 | 2.11% | 2,365,381.33 | 219.96 |
2008 | 8 | -4.85% | 2,250,718.61 | 219.09 |
2008 | 9 | -20.19% | 1,796,217.84 | 218.78 |
2008 | 10 | -8.61% | 1,641,647.04 | 216.57 |
2008 | 11 | -0.35% | 1,635,881.29 | 212.43 |
2008 | 12 | -1.10% | 1,617,959.29 | 210.23 |
2009 | 1 | -6.70% | 1,509,515.46 | 211.14 |
2009 | 2 | -5.69% | 1,423,662.73 | 212.19 |
2009 | 3 | 12.32% | 1,599,082.89 | 212.71 |
2009 | 4 | 6.66% | 1,705,578.96 | 213.24 |
2009 | 5 | 2.87% | 1,754,509.65 | 213.86 |
2009 | 6 | 1.28% | 1,776,926.01 | 215.69 |
2009 | 7 | 8.12% | 1,921,225.64 | 215.35 |
2009 | 8 | 3.65% | 1,991,356.97 | 215.83 |
2009 | 9 | 2.40% | 2,039,211.43 | 215.97 |
2009 | 10 | 2.09% | 2,081,919.16 | 216.18 |
2009 | 11 | 2.23% | 2,128,259.72 | 216.33 |
2009 | 12 | 1.36% | 2,157,139.52 | 215.95 |
2010 | 1 | -2.90% | 2,094,615.40 | 216.69 |
2010 | 2 | 5.94% | 2,219,099.14 | 216.74 |
2010 | 3 | 4.09% | 2,309,814.37 | 217.63 |
2010 | 4 | -5.88% | 2,173,941.93 | 218.01 |
2010 | 5 | -3.54% | 2,096,906.90 | 218.18 |
2010 | 6 | -0.16% | 2,093,571.29 | 217.97 |
2010 | 7 | 0.86% | 2,111,651.61 | 218.01 |
2010 | 8 | 3.37% | 2,182,838.65 | 218.31 |
2010 | 9 | 4.58% | 2,282,756.70 | 218.44 |
2010 | 10 | 2.49% | 2,339,618.22 | 218.71 |
2010 | 11 | 3.71% | 2,426,505.47 | 218.80 |
2010 | 12 | 3.46% | 2,510,515.77 | 219.18 |
2011 | 1 | 3.15% | 2,589,618.71 | 220.22 |
2011 | 2 | -1.11% | 2,560,810.21 | 221.31 |
2011 | 3 | 2.22% | 2,617,685.37 | 223.47 |
2011 | 4 | 0.66% | 2,634,942.06 | 224.91 |
2011 | 5 | -3.66% | 2,538,434.67 | 225.96 |
2011 | 6 | 3.10% | 2,617,170.21 | 225.72 |
2011 | 7 | -10.40% | 2,344,967.57 | 225.92 |
2011 | 8 | -0.79% | 2,326,460.03 | 226.55 |
2011 | 9 | 3.02% | 2,396,693.67 | 226.89 |
2011 | 10 | 1.77% | 2,439,046.19 | 226.42 |
2011 | 11 | 1.55% | 2,476,967.28 | 226.23 |
2011 | 12 | 4.78% | 2,595,429.68 | 225.67 |
2012 | 1 | 4.16% | 2,703,467.26 | 226.67 |
2012 | 2 | 2.88% | 2,781,430.86 | 227.66 |
2012 | 3 | -0.04% | 2,780,368.06 | 229.39 |
2012 | 4 | -3.09% | 2,694,428.21 | 230.09 |
2012 | 5 | -1.15% | 2,663,377.32 | 229.82 |
2012 | 6 | 2.92% | 2,741,176.89 | 229.48 |
2012 | 7 | 3.39% | 2,834,039.76 | 229.10 |
2012 | 8 | 3.02% | 2,919,660.81 | 230.38 |
2012 | 9 | -0.22% | 2,913,321.21 | 231.41 |
2012 | 10 | -2.84% | 2,830,655.89 | 231.32 |
2012 | 11 | 2.18% | 2,892,237.81 | 230.22 |
2012 | 12 | 4.27% | 3,015,700.54 | 229.60 |
2013 | 1 | 2.33% | 3,086,057.49 | 230.28 |
2013 | 2 | 2.72% | 3,170,073.99 | 232.17 |
2013 | 3 | 1.45% | 3,216,160.25 | 232.77 |
2013 | 4 | 4.57% | 3,363,276.10 | 232.53 |
2013 | 5 | -1.12% | 3,325,682.24 | 232.95 |
2013 | 6 | 3.25% | 3,433,915.81 | 233.50 |
2013 | 7 | 0.25% | 3,442,587.42 | 233.60 |
2013 | 8 | 1.19% | 3,483,639.15 | 233.88 |
2013 | 9 | 2.12% | 3,557,406.94 | 234.15 |
2013 | 10 | 3.86% | 3,694,722.64 | 233.55 |
2013 | 11 | 1.52% | 3,750,943.82 | 233.07 |
2013 | 12 | 0.97% | 3,787,245.74 | 233.05 |
2014 | 1 | -0.13% | 3,782,320.96 | 233.92 |
2014 | 2 | 2.72% | 3,885,285.92 | 234.78 |
2014 | 3 | 0.20% | 3,893,123.48 | 236.29 |
2014 | 4 | 1.53% | 3,952,767.48 | 237.07 |
2014 | 5 | 3.20% | 4,079,110.49 | 237.90 |
2014 | 6 | 1.50% | 4,140,126.72 | 238.34 |
2014 | 7 | -0.43% | 4,122,450.42 | 238.25 |
2014 | 8 | 1.78% | 4,195,748.98 | 237.85 |
2014 | 9 | -2.65% | 4,084,704.97 | 238.03 |
2014 | 10 | 5.71% | 4,317,764.03 | 237.43 |
2014 | 11 | 0.63% | 4,345,133.81 | 236.15 |
2014 | 12 | -1.11% | 4,296,900.84 | 234.81 |
2015 | 1 | 2.83% | 4,418,391.34 | 233.71 |
2015 | 2 | 0.06% | 4,420,837.51 | 234.72 |
2015 | 3 | 0.88% | 4,459,670.57 | 236.12 |
2015 | 4 | 0.98% | 4,503,326.46 | 236.60 |
2015 | 5 | -0.44% | 4,483,714.47 | 237.81 |
2015 | 6 | -0.08% | 4,480,144.09 | 238.64 |
2015 | 7 | -2.42% | 4,371,527.59 | 238.65 |
2015 | 8 | -4.51% | 4,174,498.66 | 238.32 |
2015 | 9 | 4.32% | 4,354,716.75 | 237.95 |
2015 | 10 | 2.93% | 4,482,417.51 | 237.84 |
2015 | 11 | -1.10% | 4,432,977.80 | 237.34 |
2015 | 12 | -6.42% | 4,148,397.39 | 236.53 |
2016 | 1 | -0.55% | 4,125,584.98 | 236.92 |
2016 | 2 | 6.36% | 4,388,084.71 | 237.11 |
2016 | 3 | 2.83% | 4,512,322.81 | 238.13 |
2016 | 4 | -0.30% | 4,498,588.86 | 239.26 |
2016 | 5 | 1.07% | 4,546,565.88 | 240.23 |
2016 | 6 | 3.30% | 4,696,486.11 | 241.02 |
2016 | 7 | 1.20% | 4,752,809.05 | 240.63 |
2016 | 8 | -0.44% | 4,731,959.84 | 240.85 |
2016 | 9 | -0.51% | 4,708,017.02 | 241.43 |
2016 | 10 | 1.20% | 4,764,567.87 | 241.73 |
2016 | 11 | 3.95% | 4,952,575.99 | 241.35 |
2016 | 12 | 1.44% | 5,023,775.95 | 241.43 |
2017 | 1 | 2.58% | 5,153,210.78 | 242.84 |
2017 | 2 | 1.75% | 5,243,353.68 | 243.60 |
2017 | 3 | -0.15% | 5,235,278.70 | 243.80 |
2017 | 4 | 1.69% | 5,323,879.16 | 244.52 |
2017 | 5 | 1.78% | 5,418,454.04 | 244.73 |
2017 | 6 | 0.99% | 5,471,982.08 | 244.96 |
2017 | 7 | 0.25% | 5,485,541.94 | 244.79 |
2017 | 8 | 1.65% | 5,576,232.38 | 245.52 |
2017 | 9 | 2.73% | 5,728,731.13 | 246.82 |
2017 | 10 | 1.59% | 5,819,793.27 | 246.66 |
2017 | 11 | 2.88% | 5,987,606.21 | 246.67 |
2017 | 12 | 4.86% | 6,278,717.53 | 246.52 |
2018 | 1 | -2.89% | 6,097,470.64 | 247.87 |
2018 | 2 | 0.06% | 6,101,408.28 | 248.99 |
2018 | 3 | -1.66% | 5,999,882.56 | 249.55 |
2018 | 4 | 1.96% | 6,117,577.53 | 250.55 |
2018 | 5 | 2.11% | 6,246,840.09 | 251.59 |
2018 | 6 | 1.58% | 6,345,586.51 | 251.99 |
2018 | 7 | 2.45% | 6,501,104.46 | 252.01 |
2018 | 8 | 1.68% | 6,610,306.61 | 252.15 |
2018 | 9 | -3.85% | 6,355,876.83 | 252.44 |
2018 | 10 | -2.08% | 6,223,921.94 | 252.89 |
2018 | 11 | -5.56% | 5,877,715.52 | 252.04 |
2018 | 12 | 1.74% | 5,979,731.29 | 251.23 |
2019 | 1 | 5.83% | 6,328,284.00 | 251.71 |
2019 | 2 | 1.95% | 6,451,560.37 | 252.78 |
2019 | 3 | 3.72% | 6,691,766.13 | 254.20 |
2019 | 4 | -1.53% | 6,589,262.42 | 255.55 |
2019 | 5 | 1.40% | 6,681,825.03 | 256.09 |
2019 | 6 | 3.83% | 6,937,561.45 | 256.14 |
2019 | 7 | -3.13% | 6,720,109.55 | 256.57 |
2019 | 8 | 3.09% | 6,927,440.21 | 256.56 |
2019 | 9 | 0.01% | 6,928,119.29 | 256.76 |
2019 | 10 | 4.43% | 7,235,290.78 | 257.35 |
2019 | 11 | 2.47% | 7,413,953.25 | 257.21 |
2019 | 12 | 3.35% | 7,662,053.60 | 256.97 |
2020 | 1 | 0.12% | 7,671,407.19 | 257.97 |
2020 | 2 | -18.92% | 6,220,152.71 | 258.68 |
2020 | 3 | 4.32% | 6,488,777.11 | 258.12 |
2020 | 4 | 5.89% | 6,870,795.13 | 256.39 |
2020 | 5 | 6.51% | 7,317,965.15 | 256.39 |
2020 | 6 | 3.48% | 7,572,369.45 | 257.80 |
2020 | 7 | 5.89% | 8,018,647.41 | 259.10 |
2020 | 8 | -0.63% | 7,968,370.28 | 259.92 |
2020 | 9 | 1.73% | 8,105,904.46 | 260.28 |
2020 | 10 | 3.95% | 8,426,421.37 | 260.39 |
2020 | 11 | 4.26% | 8,785,393.70 | 260.23 |
2020 | 12 | 2.80% | 9,030,971.79 | 260.47 |
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 $67,000.00 up-front. Instead, the capital is invested over a period of time.
Consider a strategy in which $67,000.00 was invested in the S&P 500 over a period of no more than 24 months beginning in 1976. This would result in a final amount of $8,400,154.21, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $9,030,971.79).
Year | Month | Contribution ($) | Amount ($) |
---|---|---|---|
1976 | 1 | 2791.66 | 2,899.45 |
1976 | 2 | 2791.66 | 5,728.25 |
1976 | 3 | 2791.66 | 8,604.75 |
1976 | 4 | 2791.66 | 11,344.26 |
1976 | 5 | 2791.66 | 14,254.63 |
1976 | 6 | 2791.66 | 17,492.04 |
1976 | 7 | 2791.66 | 20,161.53 |
1976 | 8 | 2791.66 | 23,504.16 |
1976 | 9 | 2791.66 | 25,470.00 |
1976 | 10 | 2791.66 | 28,149.10 |
1976 | 11 | 2791.66 | 32,103.17 |
1976 | 12 | 2791.66 | 34,698.36 |
1977 | 1 | 2791.66 | 36,592.85 |
1977 | 2 | 2791.66 | 39,353.63 |
1977 | 3 | 2791.66 | 41,632.52 |
1977 | 4 | 2791.66 | 44,442.86 |
1977 | 5 | 2791.66 | 47,649.39 |
1977 | 6 | 2791.66 | 51,077.71 |
1977 | 7 | 2791.66 | 52,739.40 |
1977 | 8 | 2791.66 | 54,867.78 |
1977 | 9 | 2791.66 | 56,381.29 |
1977 | 10 | 2791.66 | 59,742.21 |
1977 | 11 | 2791.66 | 62,472.37 |
1977 | 12 | 2791.82 | 63,039.92 |
1978 | 1 | - | 62,427.18 |
1978 | 2 | - | 62,593.03 |
1978 | 3 | - | 65,616.27 |
1978 | 4 | - | 69,228.00 |
1978 | 5 | - | 69,694.29 |
1978 | 6 | - | 69,650.87 |
1978 | 7 | - | 74,754.99 |
1978 | 8 | - | 75,053.78 |
1978 | 9 | - | 72,972.16 |
1978 | 10 | - | 69,004.19 |
1978 | 11 | - | 70,331.02 |
1978 | 12 | - | 73,274.59 |
1979 | 1 | - | 72,500.11 |
1979 | 2 | - | 74,197.46 |
1979 | 3 | - | 76,001.12 |
1979 | 4 | - | 74,562.40 |
1979 | 5 | - | 76,365.05 |
1979 | 6 | - | 77,450.08 |
1979 | 7 | - | 81,333.69 |
1979 | 8 | - | 82,586.60 |
1979 | 9 | - | 79,817.87 |
1979 | 10 | - | 79,560.51 |
1979 | 11 | - | 83,064.35 |
1979 | 12 | - | 85,815.82 |
1980 | 1 | - | 89,588.16 |
1980 | 2 | - | 81,724.27 |
1980 | 3 | - | 80,774.59 |
1980 | 4 | - | 84,842.51 |
1980 | 5 | - | 90,664.98 |
1980 | 6 | - | 95,170.54 |
1980 | 7 | - | 98,505.97 |
1980 | 8 | - | 101,299.41 |
1980 | 9 | - | 104,667.38 |
1980 | 10 | - | 109,497.46 |
1980 | 11 | - | 108,134.46 |
1980 | 12 | - | 108,145.26 |
1981 | 1 | - | 104,825.01 |
1981 | 2 | - | 109,168.22 |
1981 | 3 | - | 110,580.64 |
1981 | 4 | - | 108,792.25 |
1981 | 5 | - | 109,725.24 |
1981 | 6 | - | 107,512.90 |
1981 | 7 | - | 108,375.76 |
1981 | 8 | - | 99,377.67 |
1981 | 9 | - | 101,094.16 |
1981 | 10 | - | 104,171.20 |
1981 | 11 | - | 105,399.76 |
1981 | 12 | - | 100,336.23 |
1982 | 1 | - | 98,415.90 |
1982 | 2 | - | 95,714.83 |
1982 | 3 | - | 100,949.78 |
1982 | 4 | - | 101,524.84 |
1982 | 5 | - | 96,173.85 |
1982 | 6 | - | 96,408.37 |
1982 | 7 | - | 97,173.83 |
1982 | 8 | - | 108,928.34 |
1982 | 9 | - | 118,602.70 |
1982 | 10 | - | 123,939.72 |
1982 | 11 | - | 125,619.72 |
1982 | 12 | - | 130,551.24 |
1983 | 1 | - | 133,332.00 |
1983 | 2 | - | 138,486.10 |
1983 | 3 | - | 144,298.90 |
1983 | 4 | - | 150,682.70 |
1983 | 5 | - | 153,324.93 |
1983 | 6 | - | 154,410.68 |
1983 | 7 | - | 150,693.72 |
1983 | 8 | - | 155,687.46 |
1983 | 9 | - | 156,696.21 |
1983 | 10 | - | 154,907.64 |
1983 | 11 | - | 154,709.16 |
1983 | 12 | - | 157,147.27 |
1984 | 1 | - | 149,113.62 |
1984 | 2 | - | 149,773.24 |
1984 | 3 | - | 150,532.89 |
1984 | 4 | - | 150,152.68 |
1984 | 5 | - | 147,377.41 |
1984 | 6 | - | 146,038.56 |
1984 | 7 | - | 159,483.69 |
1984 | 8 | - | 161,727.57 |
1984 | 9 | - | 161,060.60 |
1984 | 10 | - | 163,131.69 |
1984 | 11 | - | 161,977.44 |
1984 | 12 | - | 169,586.44 |
1985 | 1 | - | 179,401.02 |
1985 | 2 | - | 178,542.91 |
1985 | 3 | - | 180,372.46 |
1985 | 4 | - | 185,306.79 |
1985 | 5 | - | 189,959.78 |
1985 | 6 | - | 194,228.60 |
1985 | 7 | - | 190,644.48 |
1985 | 8 | - | 187,050.84 |
1985 | 9 | - | 189,848.30 |
1985 | 10 | - | 202,037.54 |
1985 | 11 | - | 212,734.45 |
1985 | 12 | - | 214,333.64 |
1986 | 1 | - | 226,544.75 |
1986 | 2 | - | 240,551.50 |
1986 | 3 | - | 247,146.04 |
1986 | 4 | - | 248,361.58 |
1986 | 5 | - | 256,143.34 |
1986 | 6 | - | 251,522.74 |
1986 | 7 | - | 257,259.60 |
1986 | 8 | - | 250,940.70 |
1986 | 9 | - | 250,715.17 |
1986 | 10 | - | 259,572.81 |
1986 | 11 | - | 264,008.76 |
1986 | 12 | - | 281,627.04 |
1987 | 1 | - | 299,825.44 |
1987 | 2 | - | 312,947.02 |
1987 | 3 | - | 310,266.91 |
1987 | 4 | - | 310,803.15 |
1987 | 5 | - | 324,784.45 |
1987 | 6 | - | 334,924.54 |
1987 | 7 | - | 356,540.61 |
1987 | 8 | - | 345,735.91 |
1987 | 9 | - | 304,752.77 |
1987 | 10 | - | 267,257.77 |
1987 | 11 | - | 263,690.70 |
1987 | 12 | - | 274,888.44 |
1988 | 1 | - | 284,038.28 |
1988 | 2 | - | 293,218.56 |
1988 | 3 | - | 290,620.58 |
1988 | 4 | - | 284,261.02 |
1988 | 5 | - | 301,311.56 |
1988 | 6 | - | 300,386.78 |
1988 | 7 | - | 295,224.68 |
1988 | 8 | - | 300,914.15 |
1988 | 9 | - | 312,353.76 |
1988 | 10 | - | 306,043.44 |
1988 | 11 | - | 313,161.86 |
1988 | 12 | - | 324,162.17 |
1989 | 1 | - | 334,859.04 |
1989 | 2 | - | 334,317.71 |
1989 | 3 | - | 346,235.47 |
1989 | 4 | - | 360,484.10 |
1989 | 5 | - | 372,713.97 |
1989 | 6 | - | 383,150.61 |
1989 | 7 | - | 401,123.26 |
1989 | 8 | - | 402,950.52 |
1989 | 9 | - | 404,103.99 |
1989 | 10 | - | 396,775.36 |
1989 | 11 | - | 407,633.94 |
1989 | 12 | - | 398,620.23 |
1990 | 1 | - | 388,546.37 |
1990 | 2 | - | 399,064.97 |
1990 | 3 | - | 399,847.08 |
1990 | 4 | - | 415,244.89 |
1990 | 5 | - | 428,407.97 |
1990 | 6 | - | 429,135.08 |
1990 | 7 | - | 395,399.80 |
1990 | 8 | - | 378,235.25 |
1990 | 9 | - | 369,476.20 |
1990 | 10 | - | 380,500.68 |
1990 | 11 | - | 397,952.75 |
1990 | 12 | - | 395,226.09 |
1991 | 1 | - | 441,099.10 |
1991 | 2 | - | 454,528.89 |
1991 | 3 | - | 464,795.92 |
1991 | 4 | - | 463,964.50 |
1991 | 5 | - | 465,574.50 |
1991 | 6 | - | 469,208.25 |
1991 | 7 | - | 481,778.02 |
1991 | 8 | - | 480,317.75 |
1991 | 9 | - | 481,190.23 |
1991 | 10 | - | 481,266.23 |
1991 | 11 | - | 485,766.74 |
1991 | 12 | - | 521,509.59 |
1992 | 1 | - | 518,376.12 |
1992 | 2 | - | 513,128.19 |
1992 | 3 | - | 514,484.41 |
1992 | 4 | - | 525,125.75 |
1992 | 5 | - | 518,146.18 |
1992 | 6 | - | 528,053.83 |
1992 | 7 | - | 533,026.62 |
1992 | 8 | - | 535,042.46 |
1992 | 9 | - | 528,717.96 |
1992 | 10 | - | 543,294.20 |
1992 | 11 | - | 561,066.44 |
1992 | 12 | - | 561,868.16 |
1993 | 1 | - | 571,556.16 |
1993 | 2 | - | 583,845.49 |
1993 | 3 | - | 576,011.77 |
1993 | 4 | - | 580,186.27 |
1993 | 5 | - | 585,205.94 |
1993 | 6 | - | 585,562.94 |
1993 | 7 | - | 595,883.28 |
1993 | 8 | - | 603,957.33 |
1993 | 9 | - | 611,457.92 |
1993 | 10 | - | 611,504.05 |
1993 | 11 | - | 616,929.19 |
1993 | 12 | - | 627,638.35 |
1994 | 1 | - | 627,163.22 |
1994 | 2 | - | 618,233.55 |
1994 | 3 | - | 597,545.12 |
1994 | 4 | - | 603,868.60 |
1994 | 5 | - | 610,560.02 |
1994 | 6 | - | 607,391.98 |
1994 | 7 | - | 626,112.27 |
1994 | 8 | - | 631,230.52 |
1994 | 9 | - | 628,427.82 |
1994 | 10 | - | 626,103.36 |
1994 | 11 | - | 619,681.38 |
1994 | 12 | - | 634,870.85 |
1995 | 1 | - | 659,117.17 |
1995 | 2 | - | 675,978.50 |
1995 | 3 | - | 697,714.95 |
1995 | 4 | - | 721,072.77 |
1995 | 5 | - | 743,991.51 |
1995 | 6 | - | 770,384.46 |
1995 | 7 | - | 774,337.49 |
1995 | 8 | - | 803,124.76 |
1995 | 9 | - | 810,453.81 |
1995 | 10 | - | 829,567.44 |
1995 | 11 | - | 857,682.62 |
1995 | 12 | - | 859,077.04 |
1996 | 1 | - | 909,800.33 |
1996 | 2 | - | 907,974.39 |
1996 | 3 | - | 909,763.48 |
1996 | 4 | - | 931,186.82 |
1996 | 5 | - | 943,092.91 |
1996 | 6 | - | 910,305.68 |
1996 | 7 | - | 938,304.43 |
1996 | 8 | - | 957,293.15 |
1996 | 9 | - | 996,728.82 |
1996 | 10 | - | 1,047,084.37 |
1996 | 11 | - | 1,059,630.83 |
1996 | 12 | - | 1,094,148.73 |
1997 | 1 | - | 1,141,866.34 |
1997 | 2 | - | 1,134,744.69 |
1997 | 3 | - | 1,096,103.84 |
1997 | 4 | - | 1,197,140.83 |
1997 | 5 | - | 1,261,030.15 |
1997 | 6 | - | 1,333,361.89 |
1997 | 7 | - | 1,337,999.18 |
1997 | 8 | - | 1,353,948.23 |
1997 | 9 | - | 1,376,225.77 |
1997 | 10 | - | 1,360,371.05 |
1997 | 11 | - | 1,396,211.61 |
1997 | 12 | - | 1,399,521.87 |
1998 | 1 | - | 1,489,121.47 |
1998 | 2 | - | 1,568,236.60 |
1998 | 3 | - | 1,621,645.65 |
1998 | 4 | - | 1,618,047.90 |
1998 | 5 | - | 1,619,932.23 |
1998 | 6 | - | 1,692,305.40 |
1998 | 7 | - | 1,574,334.67 |
1998 | 8 | - | 1,497,216.67 |
1998 | 9 | - | 1,516,543.59 |
1998 | 10 | - | 1,682,974.91 |
1998 | 11 | - | 1,752,045.97 |
1998 | 12 | - | 1,840,483.77 |
1999 | 1 | - | 1,839,255.98 |
1999 | 2 | - | 1,893,026.81 |
1999 | 3 | - | 1,973,480.87 |
1999 | 4 | - | 1,971,530.44 |
1999 | 5 | - | 1,959,469.26 |
1999 | 6 | - | 2,048,084.05 |
1999 | 7 | - | 1,970,781.46 |
1999 | 8 | - | 1,958,995.86 |
1999 | 9 | - | 1,934,068.20 |
1999 | 10 | - | 2,071,502.12 |
1999 | 11 | - | 2,129,685.03 |
1999 | 12 | - | 2,127,152.14 |
2000 | 1 | - | 2,074,439.67 |
2000 | 2 | - | 2,156,192.37 |
2000 | 3 | - | 2,186,910.90 |
2000 | 4 | - | 2,124,829.00 |
2000 | 5 | - | 2,192,047.55 |
2000 | 6 | - | 2,210,687.46 |
2000 | 7 | - | 2,231,461.53 |
2000 | 8 | - | 2,207,369.55 |
2000 | 9 | - | 2,092,272.23 |
2000 | 10 | - | 2,076,108.08 |
2000 | 11 | - | 2,007,179.76 |
2000 | 12 | - | 2,016,312.58 |
2001 | 1 | - | 1,973,238.95 |
2001 | 2 | - | 1,794,070.77 |
2001 | 3 | - | 1,802,120.65 |
2001 | 4 | - | 1,926,094.53 |
2001 | 5 | - | 1,880,086.83 |
2001 | 6 | - | 1,830,072.25 |
2001 | 7 | - | 1,792,631.91 |
2001 | 8 | - | 1,591,008.78 |
2001 | 9 | - | 1,641,667.00 |
2001 | 10 | - | 1,724,622.83 |
2001 | 11 | - | 1,749,906.65 |
2001 | 12 | - | 1,744,697.37 |
2002 | 1 | - | 1,686,201.69 |
2002 | 2 | - | 1,769,588.93 |
2002 | 3 | - | 1,707,397.93 |
2002 | 4 | - | 1,659,242.97 |
2002 | 5 | - | 1,560,999.88 |
2002 | 6 | - | 1,393,059.72 |
2002 | 7 | - | 1,408,923.76 |
2002 | 8 | - | 1,341,890.96 |
2002 | 9 | - | 1,323,546.74 |
2002 | 10 | - | 1,411,239.35 |
2002 | 11 | - | 1,396,632.15 |
2002 | 12 | - | 1,393,524.40 |
2003 | 1 | - | 1,304,132.10 |
2003 | 2 | - | 1,321,188.82 |
2003 | 3 | - | 1,391,024.99 |
2003 | 4 | - | 1,464,919.19 |
2003 | 5 | - | 1,548,480.89 |
2003 | 6 | - | 1,557,708.30 |
2003 | 7 | - | 1,555,117.45 |
2003 | 8 | - | 1,604,277.53 |
2003 | 9 | - | 1,636,809.53 |
2003 | 10 | - | 1,656,624.52 |
2003 | 11 | - | 1,707,380.36 |
2003 | 12 | - | 1,791,638.92 |
2004 | 1 | - | 1,811,107.98 |
2004 | 2 | - | 1,782,760.58 |
2004 | 3 | - | 1,800,020.14 |
2004 | 4 | - | 1,753,863.06 |
2004 | 5 | - | 1,803,982.80 |
2004 | 6 | - | 1,763,595.60 |
2004 | 7 | - | 1,739,124.48 |
2004 | 8 | - | 1,787,517.78 |
2004 | 9 | - | 1,789,351.69 |
2004 | 10 | - | 1,874,773.48 |
2004 | 11 | - | 1,925,906.94 |
2004 | 12 | - | 1,899,922.19 |
2005 | 1 | - | 1,931,863.81 |
2005 | 2 | - | 1,926,926.19 |
2005 | 3 | - | 1,880,508.11 |
2005 | 4 | - | 1,905,629.27 |
2005 | 5 | - | 1,947,185.28 |
2005 | 6 | - | 1,982,386.32 |
2005 | 7 | - | 1,988,532.08 |
2005 | 8 | - | 1,994,093.81 |
2005 | 9 | - | 1,941,764.41 |
2005 | 10 | - | 2,018,688.23 |
2005 | 11 | - | 2,061,971.55 |
2005 | 12 | - | 2,092,215.93 |
2006 | 1 | - | 2,091,867.79 |
2006 | 2 | - | 2,122,955.83 |
2006 | 3 | - | 2,139,904.05 |
2006 | 4 | - | 2,123,070.80 |
2006 | 5 | - | 2,065,624.90 |
2006 | 6 | - | 2,080,498.24 |
2006 | 7 | - | 2,128,178.25 |
2006 | 8 | - | 2,182,046.14 |
2006 | 9 | - | 2,260,947.03 |
2006 | 10 | - | 2,306,203.12 |
2006 | 11 | - | 2,355,746.47 |
2006 | 12 | - | 2,372,067.71 |
2007 | 1 | - | 2,409,927.05 |
2007 | 2 | - | 2,350,308.08 |
2007 | 3 | - | 2,448,557.06 |
2007 | 4 | - | 2,531,606.08 |
2007 | 5 | - | 2,540,337.62 |
2007 | 6 | - | 2,554,934.90 |
2007 | 7 | - | 2,447,599.33 |
2007 | 8 | - | 2,522,856.73 |
2007 | 9 | - | 2,598,331.34 |
2007 | 10 | - | 2,473,447.48 |
2007 | 11 | - | 2,504,074.22 |
2007 | 12 | - | 2,337,923.96 |
2008 | 1 | - | 2,301,359.63 |
2008 | 2 | - | 2,240,911.29 |
2008 | 3 | - | 2,336,011.14 |
2008 | 4 | - | 2,395,873.86 |
2008 | 5 | - | 2,294,131.11 |
2008 | 6 | - | 2,154,683.01 |
2008 | 7 | - | 2,200,158.34 |
2008 | 8 | - | 2,093,504.87 |
2008 | 9 | - | 1,670,751.19 |
2008 | 10 | - | 1,526,977.23 |
2008 | 11 | - | 1,521,614.22 |
2008 | 12 | - | 1,504,944.08 |
2009 | 1 | - | 1,404,075.10 |
2009 | 2 | - | 1,324,219.23 |
2009 | 3 | - | 1,487,386.21 |
2009 | 4 | - | 1,586,443.48 |
2009 | 5 | - | 1,631,956.34 |
2009 | 6 | - | 1,652,806.90 |
2009 | 7 | - | 1,787,027.13 |
2009 | 8 | - | 1,852,259.76 |
2009 | 9 | - | 1,896,771.57 |
2009 | 10 | - | 1,936,496.14 |
2009 | 11 | - | 1,979,599.79 |
2009 | 12 | - | 2,006,462.32 |
2010 | 1 | - | 1,948,305.54 |
2010 | 2 | - | 2,064,094.04 |
2010 | 3 | - | 2,148,472.76 |
2010 | 4 | - | 2,022,091.07 |
2010 | 5 | - | 1,950,436.98 |
2010 | 6 | - | 1,947,334.36 |
2010 | 7 | - | 1,964,151.76 |
2010 | 8 | - | 2,030,366.36 |
2010 | 9 | - | 2,123,305.09 |
2010 | 10 | - | 2,176,194.80 |
2010 | 11 | - | 2,257,012.93 |
2010 | 12 | - | 2,335,155.08 |
2011 | 1 | - | 2,408,732.64 |
2011 | 2 | - | 2,381,936.43 |
2011 | 3 | - | 2,434,838.83 |
2011 | 4 | - | 2,450,890.14 |
2011 | 5 | - | 2,361,123.83 |
2011 | 6 | - | 2,434,359.65 |
2011 | 7 | - | 2,181,170.50 |
2011 | 8 | - | 2,163,955.72 |
2011 | 9 | - | 2,229,283.51 |
2011 | 10 | - | 2,268,677.68 |
2011 | 11 | - | 2,303,949.97 |
2011 | 12 | - | 2,414,137.71 |
2012 | 1 | - | 2,514,628.81 |
2012 | 2 | - | 2,587,146.62 |
2012 | 3 | - | 2,586,158.06 |
2012 | 4 | - | 2,506,221.15 |
2012 | 5 | - | 2,477,339.18 |
2012 | 6 | - | 2,549,704.41 |
2012 | 7 | - | 2,636,080.76 |
2012 | 8 | - | 2,715,721.14 |
2012 | 9 | - | 2,709,824.37 |
2012 | 10 | - | 2,632,933.26 |
2012 | 11 | - | 2,690,213.65 |
2012 | 12 | - | 2,805,052.46 |
2013 | 1 | - | 2,870,494.94 |
2013 | 2 | - | 2,948,642.85 |
2013 | 3 | - | 2,991,509.96 |
2013 | 4 | - | 3,128,349.70 |
2013 | 5 | - | 3,093,381.79 |
2013 | 6 | - | 3,194,055.19 |
2013 | 7 | - | 3,202,121.09 |
2013 | 8 | - | 3,240,305.33 |
2013 | 9 | - | 3,308,920.42 |
2013 | 10 | - | 3,436,644.55 |
2013 | 11 | - | 3,488,938.65 |
2013 | 12 | - | 3,522,704.86 |
2014 | 1 | - | 3,518,124.08 |
2014 | 2 | - | 3,613,896.90 |
2014 | 3 | - | 3,621,186.99 |
2014 | 4 | - | 3,676,664.84 |
2014 | 5 | - | 3,794,182.73 |
2014 | 6 | - | 3,850,936.95 |
2014 | 7 | - | 3,834,495.34 |
2014 | 8 | - | 3,902,673.97 |
2014 | 9 | - | 3,799,386.43 |
2014 | 10 | - | 4,016,166.21 |
2014 | 11 | - | 4,041,624.19 |
2014 | 12 | - | 3,996,760.32 |
2015 | 1 | - | 4,109,764.65 |
2015 | 2 | - | 4,112,039.95 |
2015 | 3 | - | 4,148,160.51 |
2015 | 4 | - | 4,188,767.02 |
2015 | 5 | - | 4,170,524.93 |
2015 | 6 | - | 4,167,203.94 |
2015 | 7 | - | 4,066,174.35 |
2015 | 8 | - | 3,882,907.99 |
2015 | 9 | - | 4,050,537.76 |
2015 | 10 | - | 4,169,318.56 |
2015 | 11 | - | 4,123,332.24 |
2015 | 12 | - | 3,858,629.90 |
2016 | 1 | - | 3,837,410.95 |
2016 | 2 | - | 4,081,574.95 |
2016 | 3 | - | 4,197,134.96 |
2016 | 4 | - | 4,184,360.34 |
2016 | 5 | - | 4,228,986.14 |
2016 | 6 | - | 4,368,434.37 |
2016 | 7 | - | 4,420,823.12 |
2016 | 8 | - | 4,401,430.24 |
2016 | 9 | - | 4,379,159.85 |
2016 | 10 | - | 4,431,760.59 |
2016 | 11 | - | 4,606,636.26 |
2016 | 12 | - | 4,672,862.86 |
2017 | 1 | - | 4,793,256.62 |
2017 | 2 | - | 4,877,102.99 |
2017 | 3 | - | 4,869,592.05 |
2017 | 4 | - | 4,952,003.73 |
2017 | 5 | - | 5,039,972.50 |
2017 | 6 | - | 5,089,761.59 |
2017 | 7 | - | 5,102,374.29 |
2017 | 8 | - | 5,186,729.96 |
2017 | 9 | - | 5,328,576.60 |
2017 | 10 | - | 5,413,278.00 |
2017 | 11 | - | 5,569,369.13 |
2017 | 12 | - | 5,840,146.19 |
2018 | 1 | - | 5,671,559.48 |
2018 | 2 | - | 5,675,222.08 |
2018 | 3 | - | 5,580,787.98 |
2018 | 4 | - | 5,690,261.89 |
2018 | 5 | - | 5,810,495.40 |
2018 | 6 | - | 5,902,344.34 |
2018 | 7 | - | 6,046,999.29 |
2018 | 8 | - | 6,148,573.62 |
2018 | 9 | - | 5,911,915.88 |
2018 | 10 | - | 5,789,178.10 |
2018 | 11 | - | 5,467,154.36 |
2018 | 12 | - | 5,562,044.28 |
2019 | 1 | - | 5,886,250.42 |
2019 | 2 | - | 6,000,915.88 |
2019 | 3 | - | 6,224,343.15 |
2019 | 4 | - | 6,128,999.38 |
2019 | 5 | - | 6,215,096.45 |
2019 | 6 | - | 6,452,969.55 |
2019 | 7 | - | 6,250,706.77 |
2019 | 8 | - | 6,443,555.29 |
2019 | 9 | - | 6,444,186.94 |
2019 | 10 | - | 6,729,902.35 |
2019 | 11 | - | 6,896,085.17 |
2019 | 12 | - | 7,126,855.59 |
2020 | 1 | - | 7,135,555.83 |
2020 | 2 | - | 5,785,672.15 |
2020 | 3 | - | 6,035,533.02 |
2020 | 4 | - | 6,390,866.90 |
2020 | 5 | - | 6,806,801.89 |
2020 | 6 | - | 7,043,435.92 |
2020 | 7 | - | 7,458,541.16 |
2020 | 8 | - | 7,411,775.91 |
2020 | 9 | - | 7,539,703.26 |
2020 | 10 | - | 7,837,831.92 |
2020 | 11 | - | 8,171,729.87 |
2020 | 12 | - | 8,400,154.21 |
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 | $96.86 |
End Value Average monthly close | $3,278.20 |
Change in price | +3,284.48% +8.33% / yr |
Change incl. dividends | +13,379.06% +11.51% / yr |
Change incl. dividends, inflation-adjusted | +2,863.39% +7.82% / yr |
Final amount, nominal ($67000 base) | $9,030,971.79 |
Final amount, inflation-adjusted ($67000 base) | $1,985,468.05 |