If you invested $15000 in the S&P 500 at the beginning of 1977, you would have about $3,062,667.49 at the end of 2024, assuming you reinvested all dividends. This is a return on investment of 20,317.78%, or 11.76% per year.
This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 3,846.59% cumulatively, or 7.99% per year.
If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $3,126,337.66.
The graph below shows the performance of $15000 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 $15000 is $3,047,667.49, or 20,317.78%. This means by 2024 you would have $3,062,667.49 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 1977 was 60.600 and the CPI in 2024 was 313.515.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 47 years.
Adjusted for inflation, the $3,062,667.49 nominal end value of the original $15000 investment would have a real return of roughly $576,988.84 in 1977 dollars. This means the inflation-adjusted return is 3,846.59% as opposed to the original 20,317.78%.
For more information on inflation, see our U.S. inflation calculator for 1977.
The table below shows the full dataset pertaining to a $15000 investment, including gains and losses over the 574-month period between 1977 and 2024.
Note that data shown is the monthly average closing price. Returns include dividends.
Year | Month | Return (%) | Amount ($) | CPI |
---|---|---|---|---|
1977 | 1 | -2.37% | 14,644.71 | 58.50 |
1977 | 2 | -0.05% | 14,636.77 | 59.10 |
1977 | 3 | -1.19% | 14,462.06 | 59.50 |
1977 | 4 | 0.06% | 14,471.39 | 60.00 |
1977 | 5 | 0.90% | 14,601.60 | 60.30 |
1977 | 6 | 1.28% | 14,788.85 | 60.70 |
1977 | 7 | -2.08% | 14,481.45 | 61.00 |
1977 | 8 | -1.18% | 14,311.24 | 61.20 |
1977 | 9 | -2.20% | 13,996.70 | 61.40 |
1977 | 10 | 0.98% | 14,134.03 | 61.60 |
1977 | 11 | -0.08% | 14,122.70 | 61.90 |
1977 | 12 | -3.39% | 13,643.89 | 62.10 |
1978 | 1 | -0.97% | 13,511.28 | 62.50 |
1978 | 2 | 0.27% | 13,547.17 | 62.90 |
1978 | 3 | 4.83% | 14,201.50 | 63.40 |
1978 | 4 | 5.50% | 14,983.19 | 63.90 |
1978 | 5 | 0.67% | 15,084.11 | 64.50 |
1978 | 6 | -0.06% | 15,074.72 | 65.20 |
1978 | 7 | 7.33% | 16,179.42 | 65.70 |
1978 | 8 | 0.40% | 16,244.08 | 66.00 |
1978 | 9 | -2.77% | 15,793.55 | 66.50 |
1978 | 10 | -5.44% | 14,934.75 | 67.10 |
1978 | 11 | 1.92% | 15,221.92 | 67.40 |
1978 | 12 | 4.19% | 15,859.01 | 67.70 |
1979 | 1 | -1.06% | 15,691.39 | 68.30 |
1979 | 2 | 2.34% | 16,058.75 | 69.10 |
1979 | 3 | 2.43% | 16,449.12 | 69.80 |
1979 | 4 | -1.89% | 16,137.73 | 70.60 |
1979 | 5 | 2.42% | 16,527.89 | 71.50 |
1979 | 6 | 1.42% | 16,762.72 | 72.30 |
1979 | 7 | 5.01% | 17,603.26 | 73.10 |
1979 | 8 | 1.54% | 17,874.43 | 73.80 |
1979 | 9 | -3.35% | 17,275.19 | 74.60 |
1979 | 10 | -0.32% | 17,219.49 | 75.20 |
1979 | 11 | 4.40% | 17,977.83 | 75.90 |
1979 | 12 | 3.31% | 18,573.34 | 76.70 |
1980 | 1 | 4.40% | 19,389.80 | 77.80 |
1980 | 2 | -8.78% | 17,687.79 | 78.90 |
1980 | 3 | -1.16% | 17,482.25 | 80.10 |
1980 | 4 | 5.04% | 18,362.68 | 81.00 |
1980 | 5 | 6.86% | 19,622.86 | 81.80 |
1980 | 6 | 4.97% | 20,598.01 | 82.70 |
1980 | 7 | 3.50% | 21,319.90 | 82.70 |
1980 | 8 | 2.84% | 21,924.49 | 83.30 |
1980 | 9 | 3.32% | 22,653.43 | 84.00 |
1980 | 10 | 4.61% | 23,698.82 | 84.80 |
1980 | 11 | -1.24% | 23,403.82 | 85.50 |
1980 | 12 | 0.01% | 23,406.16 | 86.30 |
1981 | 1 | -3.07% | 22,687.55 | 87.00 |
1981 | 2 | 4.14% | 23,627.56 | 87.90 |
1981 | 3 | 1.29% | 23,933.25 | 88.50 |
1981 | 4 | -1.62% | 23,546.19 | 89.10 |
1981 | 5 | 0.86% | 23,748.12 | 89.80 |
1981 | 6 | -2.02% | 23,269.30 | 90.60 |
1981 | 7 | 0.80% | 23,456.05 | 91.60 |
1981 | 8 | -8.30% | 21,508.57 | 92.30 |
1981 | 9 | 1.73% | 21,880.07 | 93.20 |
1981 | 10 | 3.04% | 22,546.04 | 93.40 |
1981 | 11 | 1.18% | 22,811.94 | 93.70 |
1981 | 12 | -4.80% | 21,716.03 | 94.00 |
1982 | 1 | -1.91% | 21,300.41 | 94.30 |
1982 | 2 | -2.74% | 20,715.81 | 94.60 |
1982 | 3 | 5.47% | 21,848.82 | 94.50 |
1982 | 4 | 0.57% | 21,973.28 | 94.90 |
1982 | 5 | -5.27% | 20,815.15 | 95.80 |
1982 | 6 | 0.24% | 20,865.91 | 97.00 |
1982 | 7 | 0.79% | 21,031.58 | 97.50 |
1982 | 8 | 12.10% | 23,575.64 | 97.70 |
1982 | 9 | 8.88% | 25,669.49 | 97.90 |
1982 | 10 | 4.50% | 26,824.59 | 98.20 |
1982 | 11 | 1.36% | 27,188.20 | 98.00 |
1982 | 12 | 3.93% | 28,255.54 | 97.60 |
1983 | 1 | 2.13% | 28,857.39 | 97.80 |
1983 | 2 | 3.87% | 29,972.91 | 97.90 |
1983 | 3 | 4.20% | 31,230.98 | 97.90 |
1983 | 4 | 4.42% | 32,612.65 | 98.60 |
1983 | 5 | 1.75% | 33,184.51 | 99.20 |
1983 | 6 | 0.71% | 33,419.50 | 99.50 |
1983 | 7 | -2.41% | 32,615.03 | 99.90 |
1983 | 8 | 3.31% | 33,695.84 | 100.20 |
1983 | 9 | 0.65% | 33,914.16 | 100.70 |
1983 | 10 | -1.14% | 33,527.06 | 101.00 |
1983 | 11 | -0.13% | 33,484.10 | 101.20 |
1983 | 12 | 1.58% | 34,011.79 | 101.30 |
1984 | 1 | -5.11% | 32,273.05 | 101.90 |
1984 | 2 | 0.44% | 32,415.81 | 102.40 |
1984 | 3 | 0.51% | 32,580.22 | 102.60 |
1984 | 4 | -0.25% | 32,497.93 | 103.10 |
1984 | 5 | -1.85% | 31,897.27 | 103.40 |
1984 | 6 | -0.91% | 31,607.50 | 103.70 |
1984 | 7 | 9.21% | 34,517.47 | 104.10 |
1984 | 8 | 1.41% | 35,003.12 | 104.50 |
1984 | 9 | -0.41% | 34,858.76 | 105.00 |
1984 | 10 | 1.29% | 35,307.01 | 105.30 |
1984 | 11 | -0.71% | 35,057.20 | 105.30 |
1984 | 12 | 4.70% | 36,704.03 | 105.30 |
1985 | 1 | 5.79% | 38,828.23 | 105.50 |
1985 | 2 | -0.48% | 38,642.50 | 106.00 |
1985 | 3 | 1.02% | 39,038.48 | 106.40 |
1985 | 4 | 2.74% | 40,106.43 | 106.90 |
1985 | 5 | 2.51% | 41,113.49 | 107.30 |
1985 | 6 | 2.25% | 42,037.40 | 107.60 |
1985 | 7 | -1.85% | 41,261.68 | 107.80 |
1985 | 8 | -1.88% | 40,483.90 | 108.00 |
1985 | 9 | 1.50% | 41,089.36 | 108.30 |
1985 | 10 | 6.42% | 43,727.51 | 108.70 |
1985 | 11 | 5.29% | 46,042.67 | 109.00 |
1985 | 12 | 0.75% | 46,388.78 | 109.30 |
1986 | 1 | 5.70% | 49,031.67 | 109.60 |
1986 | 2 | 6.18% | 52,063.18 | 109.30 |
1986 | 3 | 2.74% | 53,490.46 | 108.80 |
1986 | 4 | 0.49% | 53,753.54 | 108.60 |
1986 | 5 | 3.13% | 55,437.77 | 108.90 |
1986 | 6 | -1.80% | 54,437.72 | 109.50 |
1986 | 7 | 2.28% | 55,679.36 | 109.50 |
1986 | 8 | -2.46% | 54,311.74 | 109.70 |
1986 | 9 | -0.09% | 54,262.93 | 110.20 |
1986 | 10 | 3.53% | 56,180.01 | 110.30 |
1986 | 11 | 1.71% | 57,140.10 | 110.40 |
1986 | 12 | 6.67% | 60,953.27 | 110.50 |
1987 | 1 | 6.46% | 64,891.99 | 111.20 |
1987 | 2 | 4.38% | 67,731.93 | 111.60 |
1987 | 3 | -0.86% | 67,151.87 | 112.10 |
1987 | 4 | 0.17% | 67,267.93 | 112.70 |
1987 | 5 | 4.50% | 70,293.94 | 113.10 |
1987 | 6 | 3.12% | 72,488.58 | 113.50 |
1987 | 7 | 6.45% | 77,167.00 | 113.80 |
1987 | 8 | -3.03% | 74,828.52 | 114.40 |
1987 | 9 | -11.85% | 65,958.43 | 115.00 |
1987 | 10 | -12.30% | 57,843.29 | 115.30 |
1987 | 11 | -1.33% | 57,071.26 | 115.40 |
1987 | 12 | 4.25% | 59,494.81 | 115.40 |
1988 | 1 | 3.33% | 61,475.14 | 115.70 |
1988 | 2 | 3.23% | 63,462.05 | 116.00 |
1988 | 3 | -0.89% | 62,899.76 | 116.50 |
1988 | 4 | -2.19% | 61,523.35 | 117.10 |
1988 | 5 | 6.00% | 65,213.64 | 117.50 |
1988 | 6 | -0.31% | 65,013.49 | 118.00 |
1988 | 7 | -1.72% | 63,896.24 | 118.50 |
1988 | 8 | 1.93% | 65,127.63 | 119.00 |
1988 | 9 | 3.80% | 67,603.53 | 119.80 |
1988 | 10 | -2.02% | 66,237.77 | 120.20 |
1988 | 11 | 2.33% | 67,778.43 | 120.30 |
1988 | 12 | 3.51% | 70,159.26 | 120.50 |
1989 | 1 | 3.30% | 72,474.41 | 121.10 |
1989 | 2 | -0.16% | 72,357.25 | 121.60 |
1989 | 3 | 3.56% | 74,936.64 | 122.30 |
1989 | 4 | 4.12% | 78,020.51 | 123.10 |
1989 | 5 | 3.39% | 80,667.45 | 123.80 |
1989 | 6 | 2.80% | 82,926.28 | 124.10 |
1989 | 7 | 4.69% | 86,816.14 | 124.40 |
1989 | 8 | 0.46% | 87,211.62 | 124.60 |
1989 | 9 | 0.29% | 87,461.27 | 125.00 |
1989 | 10 | -1.81% | 85,875.12 | 125.60 |
1989 | 11 | 2.74% | 88,225.27 | 125.90 |
1989 | 12 | -2.21% | 86,274.41 | 126.10 |
1990 | 1 | -2.53% | 84,094.09 | 127.40 |
1990 | 2 | 2.71% | 86,370.66 | 128.00 |
1990 | 3 | 0.20% | 86,539.94 | 128.70 |
1990 | 4 | 3.85% | 89,872.52 | 128.90 |
1990 | 5 | 3.17% | 92,721.44 | 129.20 |
1990 | 6 | 0.17% | 92,878.81 | 129.90 |
1990 | 7 | -7.86% | 85,577.40 | 130.40 |
1990 | 8 | -4.34% | 81,862.43 | 131.60 |
1990 | 9 | -2.32% | 79,966.69 | 132.70 |
1990 | 10 | 2.98% | 82,352.75 | 133.50 |
1990 | 11 | 4.59% | 86,129.94 | 133.80 |
1990 | 12 | -0.69% | 85,539.80 | 133.80 |
1991 | 1 | 11.61% | 95,468.22 | 134.60 |
1991 | 2 | 3.04% | 98,374.86 | 134.80 |
1991 | 3 | 2.26% | 100,596.98 | 135.00 |
1991 | 4 | -0.18% | 100,417.03 | 135.20 |
1991 | 5 | 0.35% | 100,765.49 | 135.60 |
1991 | 6 | 0.78% | 101,551.95 | 136.00 |
1991 | 7 | 2.68% | 104,272.46 | 136.20 |
1991 | 8 | -0.30% | 103,956.41 | 136.60 |
1991 | 9 | 0.18% | 104,145.24 | 137.20 |
1991 | 10 | 0.02% | 104,161.69 | 137.40 |
1991 | 11 | 0.94% | 105,135.75 | 137.80 |
1991 | 12 | 7.36% | 112,871.67 | 137.90 |
1992 | 1 | -0.60% | 112,193.48 | 138.10 |
1992 | 2 | -1.01% | 111,057.66 | 138.60 |
1992 | 3 | 0.26% | 111,351.19 | 139.30 |
1992 | 4 | 2.07% | 113,654.32 | 139.50 |
1992 | 5 | -1.33% | 112,143.72 | 139.70 |
1992 | 6 | 1.91% | 114,288.05 | 140.20 |
1992 | 7 | 0.94% | 115,364.33 | 140.50 |
1992 | 8 | 0.38% | 115,800.62 | 140.90 |
1992 | 9 | -1.18% | 114,431.79 | 141.30 |
1992 | 10 | 2.76% | 117,586.57 | 141.80 |
1992 | 11 | 3.27% | 121,433.06 | 142.00 |
1992 | 12 | 0.14% | 121,606.58 | 141.90 |
1993 | 1 | 1.72% | 123,703.38 | 142.60 |
1993 | 2 | 2.15% | 126,363.19 | 143.10 |
1993 | 3 | -1.34% | 124,667.72 | 143.60 |
1993 | 4 | 0.72% | 125,571.21 | 144.00 |
1993 | 5 | 0.87% | 126,657.63 | 144.20 |
1993 | 6 | 0.06% | 126,734.90 | 144.40 |
1993 | 7 | 1.76% | 128,968.56 | 144.40 |
1993 | 8 | 1.35% | 130,716.05 | 144.80 |
1993 | 9 | 1.24% | 132,339.42 | 145.10 |
1993 | 10 | 0.01% | 132,349.40 | 145.70 |
1993 | 11 | 0.89% | 133,523.58 | 145.80 |
1993 | 12 | 1.74% | 135,841.39 | 145.80 |
1994 | 1 | -0.08% | 135,738.56 | 146.20 |
1994 | 2 | -1.42% | 133,805.89 | 146.70 |
1994 | 3 | -3.35% | 129,328.24 | 147.20 |
1994 | 4 | 1.06% | 130,696.84 | 147.40 |
1994 | 5 | 1.11% | 132,145.08 | 147.50 |
1994 | 6 | -0.52% | 131,459.42 | 148.00 |
1994 | 7 | 3.08% | 135,511.10 | 148.40 |
1994 | 8 | 0.82% | 136,618.85 | 149.00 |
1994 | 9 | -0.44% | 136,012.26 | 149.40 |
1994 | 10 | -0.37% | 135,509.17 | 149.50 |
1994 | 11 | -1.03% | 134,119.24 | 149.70 |
1994 | 12 | 2.45% | 137,406.74 | 149.70 |
1995 | 1 | 3.82% | 142,654.43 | 150.30 |
1995 | 2 | 2.56% | 146,303.77 | 150.90 |
1995 | 3 | 3.22% | 151,008.25 | 151.40 |
1995 | 4 | 3.35% | 156,063.64 | 151.90 |
1995 | 5 | 3.18% | 161,024.00 | 152.20 |
1995 | 6 | 3.55% | 166,736.30 | 152.50 |
1995 | 7 | 0.51% | 167,591.86 | 152.50 |
1995 | 8 | 3.72% | 173,822.37 | 152.90 |
1995 | 9 | 0.91% | 175,408.61 | 153.20 |
1995 | 10 | 2.36% | 179,545.42 | 153.70 |
1995 | 11 | 3.39% | 185,630.47 | 153.60 |
1995 | 12 | 0.16% | 185,932.26 | 153.50 |
1996 | 1 | 5.90% | 196,910.44 | 154.40 |
1996 | 2 | -0.20% | 196,515.24 | 154.90 |
1996 | 3 | 0.20% | 196,902.46 | 155.70 |
1996 | 4 | 2.35% | 201,539.17 | 156.30 |
1996 | 5 | 1.28% | 204,116.04 | 156.60 |
1996 | 6 | -3.48% | 197,019.81 | 156.70 |
1996 | 7 | 3.08% | 203,079.65 | 157.00 |
1996 | 8 | 2.02% | 207,189.43 | 157.30 |
1996 | 9 | 4.12% | 215,724.59 | 157.80 |
1996 | 10 | 5.05% | 226,623.18 | 158.30 |
1996 | 11 | 1.20% | 229,338.64 | 158.60 |
1996 | 12 | 3.26% | 236,809.44 | 158.60 |
1997 | 1 | 4.36% | 247,137.08 | 159.10 |
1997 | 2 | -0.62% | 245,595.73 | 159.60 |
1997 | 3 | -3.41% | 237,232.59 | 160.00 |
1997 | 4 | 9.22% | 259,100.28 | 160.20 |
1997 | 5 | 5.34% | 272,928.01 | 160.10 |
1997 | 6 | 5.74% | 288,582.96 | 160.30 |
1997 | 7 | 0.35% | 289,586.62 | 160.50 |
1997 | 8 | 1.19% | 293,038.51 | 160.80 |
1997 | 9 | 1.65% | 297,860.10 | 161.20 |
1997 | 10 | -1.15% | 294,428.62 | 161.60 |
1997 | 11 | 2.63% | 302,185.69 | 161.50 |
1997 | 12 | 0.24% | 302,902.13 | 161.30 |
1998 | 1 | 6.40% | 322,294.41 | 161.60 |
1998 | 2 | 5.31% | 339,417.50 | 161.90 |
1998 | 3 | 3.41% | 350,976.96 | 162.20 |
1998 | 4 | -0.22% | 350,198.29 | 162.50 |
1998 | 5 | 0.12% | 350,606.12 | 162.80 |
1998 | 6 | 4.47% | 366,270.03 | 163.00 |
1998 | 7 | -6.97% | 340,737.32 | 163.20 |
1998 | 8 | -4.90% | 324,046.47 | 163.40 |
1998 | 9 | 1.29% | 328,229.45 | 163.60 |
1998 | 10 | 10.97% | 364,250.61 | 164.00 |
1998 | 11 | 4.10% | 379,199.84 | 164.00 |
1998 | 12 | 5.05% | 398,340.66 | 163.90 |
1999 | 1 | -0.07% | 398,074.92 | 164.30 |
1999 | 2 | 2.92% | 409,712.68 | 164.50 |
1999 | 3 | 4.25% | 427,125.56 | 165.00 |
1999 | 4 | -0.10% | 426,703.43 | 166.20 |
1999 | 5 | -0.61% | 424,093.00 | 166.20 |
1999 | 6 | 4.52% | 443,272.12 | 166.20 |
1999 | 7 | -3.77% | 426,541.32 | 166.70 |
1999 | 8 | -0.60% | 423,990.54 | 167.10 |
1999 | 9 | -1.27% | 418,595.38 | 167.90 |
1999 | 10 | 7.11% | 448,340.56 | 168.20 |
1999 | 11 | 2.81% | 460,933.23 | 168.30 |
1999 | 12 | -0.12% | 460,385.03 | 168.30 |
2000 | 1 | -2.48% | 448,976.34 | 168.80 |
2000 | 2 | 3.94% | 466,670.29 | 169.80 |
2000 | 3 | 1.42% | 473,318.78 | 171.20 |
2000 | 4 | -2.84% | 459,882.23 | 171.30 |
2000 | 5 | 3.16% | 474,430.52 | 171.50 |
2000 | 6 | 0.85% | 478,464.80 | 172.40 |
2000 | 7 | 0.94% | 482,960.99 | 172.80 |
2000 | 8 | -1.08% | 477,746.69 | 172.80 |
2000 | 9 | -5.21% | 452,835.88 | 173.70 |
2000 | 10 | -0.77% | 449,337.44 | 174.00 |
2000 | 11 | -3.32% | 434,419.10 | 174.10 |
2000 | 12 | 0.46% | 436,395.74 | 174.00 |
2001 | 1 | -2.14% | 427,073.20 | 175.10 |
2001 | 2 | -9.08% | 388,295.37 | 175.80 |
2001 | 3 | 0.45% | 390,037.63 | 176.20 |
2001 | 4 | 6.88% | 416,869.62 | 176.90 |
2001 | 5 | -2.39% | 406,912.05 | 177.70 |
2001 | 6 | -2.66% | 396,087.27 | 178.00 |
2001 | 7 | -2.05% | 387,983.96 | 177.50 |
2001 | 8 | -11.25% | 344,346.14 | 177.50 |
2001 | 9 | 3.18% | 355,310.23 | 178.30 |
2001 | 10 | 5.05% | 373,264.58 | 177.70 |
2001 | 11 | 1.47% | 378,736.82 | 177.40 |
2001 | 12 | -0.30% | 377,609.36 | 176.70 |
2002 | 1 | -3.35% | 364,948.99 | 177.10 |
2002 | 2 | 4.95% | 382,996.70 | 177.80 |
2002 | 3 | -3.51% | 369,536.55 | 178.80 |
2002 | 4 | -2.82% | 359,114.24 | 179.80 |
2002 | 5 | -5.92% | 337,851.24 | 179.80 |
2002 | 6 | -10.76% | 301,503.51 | 179.90 |
2002 | 7 | 1.14% | 304,937.01 | 180.10 |
2002 | 8 | -4.76% | 290,428.93 | 180.70 |
2002 | 9 | -1.37% | 286,458.64 | 181.00 |
2002 | 10 | 6.63% | 305,438.18 | 181.30 |
2002 | 11 | -1.04% | 302,276.71 | 181.30 |
2002 | 12 | -0.22% | 301,604.09 | 180.90 |
2003 | 1 | -6.41% | 282,256.68 | 181.70 |
2003 | 2 | 1.31% | 285,948.31 | 183.10 |
2003 | 3 | 5.29% | 301,063.13 | 184.20 |
2003 | 4 | 5.31% | 317,056.25 | 183.80 |
2003 | 5 | 5.70% | 335,141.72 | 183.50 |
2003 | 6 | 0.60% | 337,138.83 | 183.70 |
2003 | 7 | -0.17% | 336,578.09 | 183.90 |
2003 | 8 | 3.16% | 347,217.93 | 184.60 |
2003 | 9 | 2.03% | 354,258.92 | 185.20 |
2003 | 10 | 1.21% | 358,547.53 | 185.00 |
2003 | 11 | 3.06% | 369,532.74 | 184.50 |
2003 | 12 | 4.93% | 387,769.04 | 184.30 |
2004 | 1 | 1.09% | 391,982.78 | 185.20 |
2004 | 2 | -1.57% | 385,847.48 | 186.20 |
2004 | 3 | 0.97% | 389,583.01 | 187.40 |
2004 | 4 | -2.56% | 379,593.12 | 188.00 |
2004 | 5 | 2.86% | 390,440.66 | 189.10 |
2004 | 6 | -2.24% | 381,699.55 | 189.70 |
2004 | 7 | -1.39% | 376,403.20 | 189.40 |
2004 | 8 | 2.78% | 386,877.09 | 189.50 |
2004 | 9 | 0.10% | 387,274.01 | 189.90 |
2004 | 10 | 4.77% | 405,762.07 | 190.90 |
2004 | 11 | 2.73% | 416,829.02 | 191.00 |
2004 | 12 | -1.35% | 411,205.07 | 190.30 |
2005 | 1 | 1.68% | 418,118.28 | 190.70 |
2005 | 2 | -0.26% | 417,049.62 | 191.80 |
2005 | 3 | -2.41% | 407,003.23 | 193.30 |
2005 | 4 | 1.34% | 412,440.27 | 194.60 |
2005 | 5 | 2.18% | 421,434.34 | 194.40 |
2005 | 6 | 1.81% | 429,052.99 | 194.50 |
2005 | 7 | 0.31% | 430,383.14 | 195.40 |
2005 | 8 | 0.28% | 431,586.88 | 196.40 |
2005 | 9 | -2.62% | 420,261.09 | 198.80 |
2005 | 10 | 3.96% | 436,909.91 | 199.20 |
2005 | 11 | 2.14% | 446,277.83 | 197.60 |
2005 | 12 | 1.47% | 452,823.70 | 196.80 |
2006 | 1 | -0.02% | 452,748.35 | 198.30 |
2006 | 2 | 1.49% | 459,476.82 | 198.70 |
2006 | 3 | 0.80% | 463,144.96 | 199.80 |
2006 | 4 | -0.79% | 459,501.70 | 201.50 |
2006 | 5 | -2.71% | 447,068.54 | 202.50 |
2006 | 6 | 0.72% | 450,287.61 | 202.90 |
2006 | 7 | 2.29% | 460,607.12 | 203.50 |
2006 | 8 | 2.53% | 472,265.88 | 203.90 |
2006 | 9 | 3.62% | 489,342.61 | 202.90 |
2006 | 10 | 2.00% | 499,137.50 | 201.80 |
2006 | 11 | 2.15% | 509,860.30 | 201.50 |
2006 | 12 | 0.69% | 513,392.74 | 201.80 |
2007 | 1 | 1.60% | 521,586.74 | 202.42 |
2007 | 2 | -2.47% | 508,683.25 | 203.50 |
2007 | 3 | 4.18% | 529,947.53 | 205.35 |
2007 | 4 | 3.39% | 547,922.04 | 206.69 |
2007 | 5 | 0.34% | 549,811.84 | 207.95 |
2007 | 6 | 0.57% | 552,971.16 | 208.35 |
2007 | 7 | -4.20% | 529,740.25 | 208.30 |
2007 | 8 | 3.07% | 546,028.40 | 207.92 |
2007 | 9 | 2.99% | 562,363.57 | 208.49 |
2007 | 10 | -4.81% | 535,334.63 | 208.94 |
2007 | 11 | 1.24% | 541,963.26 | 210.18 |
2007 | 12 | -6.64% | 506,002.92 | 210.04 |
2008 | 1 | -1.56% | 498,089.21 | 211.08 |
2008 | 2 | -2.63% | 485,006.22 | 211.69 |
2008 | 3 | 4.24% | 505,588.93 | 213.53 |
2008 | 4 | 2.56% | 518,545.17 | 214.82 |
2008 | 5 | -4.25% | 496,524.73 | 216.63 |
2008 | 6 | -6.08% | 466,343.61 | 218.82 |
2008 | 7 | 2.11% | 476,185.96 | 219.96 |
2008 | 8 | -4.85% | 453,102.67 | 219.09 |
2008 | 9 | -20.19% | 361,605.00 | 218.78 |
2008 | 10 | -8.61% | 330,487.63 | 216.57 |
2008 | 11 | -0.35% | 329,326.90 | 212.43 |
2008 | 12 | -1.10% | 325,718.94 | 210.23 |
2009 | 1 | -6.70% | 303,887.60 | 211.14 |
2009 | 2 | -5.69% | 286,604.19 | 212.19 |
2009 | 3 | 12.32% | 321,918.84 | 212.71 |
2009 | 4 | 6.66% | 343,358.06 | 213.24 |
2009 | 5 | 2.87% | 353,208.53 | 213.86 |
2009 | 6 | 1.28% | 357,721.27 | 215.69 |
2009 | 7 | 8.12% | 386,770.90 | 215.35 |
2009 | 8 | 3.65% | 400,889.37 | 215.83 |
2009 | 9 | 2.40% | 410,523.17 | 215.97 |
2009 | 10 | 2.09% | 419,120.86 | 216.18 |
2009 | 11 | 2.23% | 428,449.90 | 216.33 |
2009 | 12 | 1.36% | 434,263.82 | 215.95 |
2010 | 1 | -2.90% | 421,676.80 | 216.69 |
2010 | 2 | 5.94% | 446,737.21 | 216.74 |
2010 | 3 | 4.09% | 464,999.51 | 217.63 |
2010 | 4 | -5.88% | 437,646.40 | 218.01 |
2010 | 5 | -3.54% | 422,138.12 | 218.18 |
2010 | 6 | -0.16% | 421,466.61 | 217.97 |
2010 | 7 | 0.86% | 425,106.44 | 218.01 |
2010 | 8 | 3.37% | 439,437.44 | 218.31 |
2010 | 9 | 4.58% | 459,552.41 | 218.44 |
2010 | 10 | 2.49% | 470,999.46 | 218.71 |
2010 | 11 | 3.71% | 488,491.14 | 218.80 |
2010 | 12 | 3.46% | 505,403.65 | 219.18 |
2011 | 1 | 3.15% | 521,328.23 | 220.22 |
2011 | 2 | -1.11% | 515,528.66 | 221.31 |
2011 | 3 | 2.22% | 526,978.46 | 223.47 |
2011 | 4 | 0.66% | 530,452.49 | 224.91 |
2011 | 5 | -3.66% | 511,024.13 | 225.96 |
2011 | 6 | 3.10% | 526,874.75 | 225.72 |
2011 | 7 | -10.40% | 472,076.37 | 225.92 |
2011 | 8 | -0.79% | 468,350.53 | 226.55 |
2011 | 9 | 3.02% | 482,489.59 | 226.89 |
2011 | 10 | 1.77% | 491,015.77 | 226.42 |
2011 | 11 | 1.55% | 498,649.84 | 226.23 |
2011 | 12 | 4.78% | 522,498.06 | 225.67 |
2012 | 1 | 4.16% | 544,247.61 | 226.67 |
2012 | 2 | 2.88% | 559,942.83 | 227.66 |
2012 | 3 | -0.04% | 559,728.87 | 229.39 |
2012 | 4 | -3.09% | 542,427.92 | 230.09 |
2012 | 5 | -1.15% | 536,176.92 | 229.82 |
2012 | 6 | 2.92% | 551,839.11 | 229.48 |
2012 | 7 | 3.39% | 570,533.77 | 229.10 |
2012 | 8 | 3.02% | 587,770.54 | 230.38 |
2012 | 9 | -0.22% | 586,494.29 | 231.41 |
2012 | 10 | -2.84% | 569,852.55 | 231.32 |
2012 | 11 | 2.18% | 582,249.89 | 230.22 |
2012 | 12 | 4.27% | 607,104.75 | 229.60 |
2013 | 1 | 2.33% | 621,268.64 | 230.28 |
2013 | 2 | 2.72% | 638,182.39 | 232.17 |
2013 | 3 | 1.45% | 647,460.23 | 232.77 |
2013 | 4 | 4.57% | 677,076.81 | 232.53 |
2013 | 5 | -1.12% | 669,508.61 | 232.95 |
2013 | 6 | 3.25% | 691,297.62 | 233.50 |
2013 | 7 | 0.25% | 693,043.34 | 233.60 |
2013 | 8 | 1.19% | 701,307.66 | 233.88 |
2013 | 9 | 2.12% | 716,158.20 | 234.15 |
2013 | 10 | 3.86% | 743,801.86 | 233.55 |
2013 | 11 | 1.52% | 755,120.01 | 233.07 |
2013 | 12 | 0.97% | 762,428.12 | 233.05 |
2014 | 1 | -0.13% | 761,436.69 | 233.92 |
2014 | 2 | 2.72% | 782,165.04 | 234.78 |
2014 | 3 | 0.20% | 783,742.86 | 236.29 |
2014 | 4 | 1.53% | 795,750.07 | 237.07 |
2014 | 5 | 3.20% | 821,184.77 | 237.90 |
2014 | 6 | 1.50% | 833,468.24 | 238.34 |
2014 | 7 | -0.43% | 829,909.74 | 238.25 |
2014 | 8 | 1.78% | 844,665.81 | 237.85 |
2014 | 9 | -2.65% | 822,311.02 | 238.03 |
2014 | 10 | 5.71% | 869,229.23 | 237.43 |
2014 | 11 | 0.63% | 874,739.17 | 236.15 |
2014 | 12 | -1.11% | 865,029.16 | 234.81 |
2015 | 1 | 2.83% | 889,486.98 | 233.71 |
2015 | 2 | 0.06% | 889,979.43 | 234.72 |
2015 | 3 | 0.88% | 897,797.10 | 236.12 |
2015 | 4 | 0.98% | 906,585.67 | 236.60 |
2015 | 5 | -0.44% | 902,637.49 | 237.81 |
2015 | 6 | -0.08% | 901,918.72 | 238.64 |
2015 | 7 | -2.42% | 880,052.62 | 238.65 |
2015 | 8 | -4.51% | 840,387.81 | 238.32 |
2015 | 9 | 4.32% | 876,668.36 | 237.95 |
2015 | 10 | 2.93% | 902,376.39 | 237.84 |
2015 | 11 | -1.10% | 892,423.45 | 237.34 |
2015 | 12 | -6.42% | 835,133.24 | 236.53 |
2016 | 1 | -0.55% | 830,540.77 | 236.92 |
2016 | 2 | 6.36% | 883,385.81 | 237.11 |
2016 | 3 | 2.83% | 908,396.77 | 238.13 |
2016 | 4 | -0.30% | 905,631.92 | 239.26 |
2016 | 5 | 1.07% | 915,290.40 | 240.23 |
2016 | 6 | 3.30% | 945,471.54 | 241.02 |
2016 | 7 | 1.20% | 956,810.17 | 240.63 |
2016 | 8 | -0.44% | 952,612.92 | 240.85 |
2016 | 9 | -0.51% | 947,792.88 | 241.43 |
2016 | 10 | 1.20% | 959,177.40 | 241.73 |
2016 | 11 | 3.95% | 997,026.19 | 241.35 |
2016 | 12 | 1.44% | 1,011,359.78 | 241.43 |
2017 | 1 | 2.58% | 1,037,416.92 | 242.84 |
2017 | 2 | 1.75% | 1,055,564.00 | 243.60 |
2017 | 3 | -0.15% | 1,053,938.39 | 243.80 |
2017 | 4 | 1.69% | 1,071,774.96 | 244.52 |
2017 | 5 | 1.78% | 1,090,814.27 | 244.73 |
2017 | 6 | 0.99% | 1,101,590.25 | 244.96 |
2017 | 7 | 0.25% | 1,104,320.05 | 244.79 |
2017 | 8 | 1.65% | 1,122,577.37 | 245.52 |
2017 | 9 | 2.73% | 1,153,277.60 | 246.82 |
2017 | 10 | 1.59% | 1,171,609.75 | 246.66 |
2017 | 11 | 2.88% | 1,205,392.95 | 246.67 |
2017 | 12 | 4.86% | 1,263,997.93 | 246.52 |
2018 | 1 | -2.89% | 1,227,510.28 | 247.87 |
2018 | 2 | 0.06% | 1,228,302.98 | 248.99 |
2018 | 3 | -1.66% | 1,207,864.36 | 249.55 |
2018 | 4 | 1.96% | 1,231,558.09 | 250.55 |
2018 | 5 | 2.11% | 1,257,580.54 | 251.59 |
2018 | 6 | 1.58% | 1,277,459.64 | 251.99 |
2018 | 7 | 2.45% | 1,308,767.68 | 252.01 |
2018 | 8 | 1.68% | 1,330,751.68 | 252.15 |
2018 | 9 | -3.85% | 1,279,531.23 | 252.44 |
2018 | 10 | -2.08% | 1,252,966.78 | 252.89 |
2018 | 11 | -5.56% | 1,183,270.35 | 252.04 |
2018 | 12 | 1.74% | 1,203,807.62 | 251.23 |
2019 | 1 | 5.83% | 1,273,976.39 | 251.71 |
2019 | 2 | 1.95% | 1,298,793.73 | 252.78 |
2019 | 3 | 3.72% | 1,347,150.67 | 254.20 |
2019 | 4 | -1.53% | 1,326,515.17 | 255.55 |
2019 | 5 | 1.40% | 1,345,149.38 | 256.09 |
2019 | 6 | 3.83% | 1,396,632.88 | 256.14 |
2019 | 7 | -3.13% | 1,352,856.62 | 256.57 |
2019 | 8 | 3.09% | 1,394,595.32 | 256.56 |
2019 | 9 | 0.01% | 1,394,732.03 | 256.76 |
2019 | 10 | 4.43% | 1,456,570.16 | 257.35 |
2019 | 11 | 2.47% | 1,492,537.53 | 257.21 |
2019 | 12 | 3.35% | 1,542,483.77 | 256.97 |
2020 | 1 | 0.12% | 1,544,366.79 | 257.97 |
2020 | 2 | -18.92% | 1,252,207.97 | 258.68 |
2020 | 3 | 4.32% | 1,306,286.01 | 258.12 |
2020 | 4 | 5.89% | 1,383,191.84 | 256.39 |
2020 | 5 | 6.51% | 1,473,213.72 | 256.39 |
2020 | 6 | 3.48% | 1,524,429.04 | 257.80 |
2020 | 7 | 5.89% | 1,614,271.34 | 259.10 |
2020 | 8 | -0.63% | 1,604,149.81 | 259.92 |
2020 | 9 | 1.73% | 1,631,837.46 | 260.28 |
2020 | 10 | 3.95% | 1,696,362.22 | 260.39 |
2020 | 11 | 4.26% | 1,768,628.61 | 260.23 |
2020 | 12 | 2.80% | 1,818,067.08 | 260.47 |
2021 | 1 | 2.49% | 1,863,364.74 | 261.58 |
2021 | 2 | 0.82% | 1,878,669.63 | 263.01 |
2021 | 3 | 6.02% | 1,991,793.46 | 264.88 |
2021 | 4 | 0.76% | 2,006,935.71 | 267.05 |
2021 | 5 | 1.81% | 2,043,269.73 | 269.20 |
2021 | 6 | 3.07% | 2,105,961.36 | 271.70 |
2021 | 7 | 2.19% | 2,151,980.02 | 273.00 |
2021 | 8 | -0.08% | 2,150,161.63 | 273.57 |
2021 | 9 | 0.45% | 2,159,884.14 | 274.31 |
2021 | 10 | 4.74% | 2,262,365.12 | 276.59 |
2021 | 11 | 0.27% | 2,268,369.52 | 277.95 |
2021 | 12 | -2.05% | 2,221,823.64 | 278.80 |
2022 | 1 | -2.90% | 2,157,333.66 | 281.15 |
2022 | 2 | -0.89% | 2,138,077.65 | 283.72 |
2022 | 3 | 0.12% | 2,140,607.04 | 287.50 |
2022 | 4 | -7.87% | 1,972,082.82 | 289.11 |
2022 | 5 | -3.37% | 1,905,635.76 | 292.30 |
2022 | 6 | 0.46% | 1,914,490.97 | 296.31 |
2022 | 7 | 6.45% | 2,037,925.74 | 296.28 |
2022 | 8 | -7.28% | 1,889,617.65 | 296.17 |
2022 | 9 | -3.09% | 1,831,206.26 | 296.81 |
2022 | 10 | 5.29% | 1,927,987.23 | 298.01 |
2022 | 11 | 0.01% | 1,928,196.18 | 297.71 |
2022 | 12 | 1.38% | 1,954,736.96 | 296.80 |
2023 | 1 | 3.15% | 2,016,251.97 | 299.17 |
2023 | 2 | -2.59% | 1,964,123.25 | 300.84 |
2023 | 3 | 4.00% | 2,042,613.96 | 301.84 |
2023 | 4 | 0.74% | 2,057,682.23 | 303.36 |
2023 | 5 | 4.94% | 2,159,376.73 | 304.13 |
2023 | 6 | 3.88% | 2,243,075.07 | 305.11 |
2023 | 7 | -1.00% | 2,220,697.33 | 305.69 |
2023 | 8 | -0.95% | 2,199,521.27 | 307.03 |
2023 | 9 | -3.04% | 2,132,714.93 | 307.79 |
2023 | 10 | 4.60% | 2,230,856.58 | 307.67 |
2023 | 11 | 5.18% | 2,346,308.92 | 307.05 |
2023 | 12 | 2.91% | 2,414,629.61 | 306.75 |
2024 | 1 | 4.20% | 2,516,026.46 | 308.42 |
2024 | 2 | 3.28% | 2,598,605.47 | 310.33 |
2024 | 3 | -1.01% | 2,572,382.21 | 312.33 |
2024 | 4 | 2.52% | 2,637,121.69 | 313.55 |
2024 | 5 | 3.55% | 2,730,754.91 | 314.07 |
2024 | 6 | 2.38% | 2,795,737.63 | 314.18 |
2024 | 7 | -0.97% | 2,768,601.90 | 314.54 |
2024 | 8 | 2.72% | 2,843,966.31 | 314.80 |
2024 | 9 | 3.15% | 2,933,604.89 | 315.30 |
2024 | 10 | 4.40% | 3,062,667.49 | 315.66 |
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 $15,000.00 up-front. Instead, the capital is invested over a period of time.
Consider a strategy in which $15,000.00 was invested in the S&P 500 over a period of no more than 24 months beginning in 1977. This would result in a final amount of $3,126,337.66, including dividend reinvestments. In this particular case, dollar-cost average returns are greater than the returns of a lump-sum investment (which ends with $3,062,667.49).
Year | Month | Contribution ($) | Amount ($) |
---|---|---|---|
1977 | 1 | 625.00 | 608.14 |
1977 | 2 | 625.00 | 1,230.34 |
1977 | 3 | 625.00 | 1,831.02 |
1977 | 4 | 625.00 | 2,455.37 |
1977 | 5 | 625.00 | 3,105.82 |
1977 | 6 | 625.00 | 3,776.38 |
1977 | 7 | 625.00 | 4,307.60 |
1977 | 8 | 625.00 | 4,872.25 |
1977 | 9 | 625.00 | 5,373.99 |
1977 | 10 | 625.00 | 6,055.32 |
1977 | 11 | 625.00 | 6,672.42 |
1977 | 12 | 625.00 | 7,047.42 |
1978 | 1 | 625.00 | 7,595.12 |
1978 | 2 | 625.00 | 8,239.18 |
1978 | 3 | 625.00 | 9,289.50 |
1978 | 4 | 625.00 | 10,457.51 |
1978 | 5 | 625.00 | 11,154.55 |
1978 | 6 | 625.00 | 11,769.59 |
1978 | 7 | 625.00 | 13,300.24 |
1978 | 8 | 625.00 | 13,978.40 |
1978 | 9 | 625.00 | 14,195.85 |
1978 | 10 | 625.00 | 14,012.34 |
1978 | 11 | 625.00 | 14,916.01 |
1978 | 12 | 625.00 | 16,188.70 |
1979 | 1 | - | 16,017.60 |
1979 | 2 | - | 16,392.59 |
1979 | 3 | - | 16,791.08 |
1979 | 4 | - | 16,473.22 |
1979 | 5 | - | 16,871.49 |
1979 | 6 | - | 17,111.20 |
1979 | 7 | - | 17,969.22 |
1979 | 8 | - | 18,246.02 |
1979 | 9 | - | 17,634.32 |
1979 | 10 | - | 17,577.46 |
1979 | 11 | - | 18,351.57 |
1979 | 12 | - | 18,959.46 |
1980 | 1 | - | 19,792.89 |
1980 | 2 | - | 18,055.51 |
1980 | 3 | - | 17,845.69 |
1980 | 4 | - | 18,744.43 |
1980 | 5 | - | 20,030.80 |
1980 | 6 | - | 21,026.22 |
1980 | 7 | - | 21,763.12 |
1980 | 8 | - | 22,380.28 |
1980 | 9 | - | 23,124.38 |
1980 | 10 | - | 24,191.50 |
1980 | 11 | - | 23,890.36 |
1980 | 12 | - | 23,892.75 |
1981 | 1 | - | 23,159.20 |
1981 | 2 | - | 24,118.76 |
1981 | 3 | - | 24,430.80 |
1981 | 4 | - | 24,035.69 |
1981 | 5 | - | 24,241.82 |
1981 | 6 | - | 23,753.04 |
1981 | 7 | - | 23,943.68 |
1981 | 8 | - | 21,955.71 |
1981 | 9 | - | 22,334.94 |
1981 | 10 | - | 23,014.75 |
1981 | 11 | - | 23,286.18 |
1981 | 12 | - | 22,167.49 |
1982 | 1 | - | 21,743.22 |
1982 | 2 | - | 21,146.47 |
1982 | 3 | - | 22,303.04 |
1982 | 4 | - | 22,430.09 |
1982 | 5 | - | 21,247.88 |
1982 | 6 | - | 21,299.70 |
1982 | 7 | - | 21,468.81 |
1982 | 8 | - | 24,065.76 |
1982 | 9 | - | 26,203.13 |
1982 | 10 | - | 27,382.25 |
1982 | 11 | - | 27,753.42 |
1982 | 12 | - | 28,842.95 |
1983 | 1 | - | 29,457.31 |
1983 | 2 | - | 30,596.02 |
1983 | 3 | - | 31,880.25 |
1983 | 4 | - | 33,290.64 |
1983 | 5 | - | 33,874.39 |
1983 | 6 | - | 34,114.26 |
1983 | 7 | - | 33,293.07 |
1983 | 8 | - | 34,396.35 |
1983 | 9 | - | 34,619.21 |
1983 | 10 | - | 34,224.06 |
1983 | 11 | - | 34,180.21 |
1983 | 12 | - | 34,718.87 |
1984 | 1 | - | 32,943.97 |
1984 | 2 | - | 33,089.71 |
1984 | 3 | - | 33,257.54 |
1984 | 4 | - | 33,173.54 |
1984 | 5 | - | 32,560.39 |
1984 | 6 | - | 32,264.60 |
1984 | 7 | - | 35,235.05 |
1984 | 8 | - | 35,730.80 |
1984 | 9 | - | 35,583.45 |
1984 | 10 | - | 36,041.01 |
1984 | 11 | - | 35,786.00 |
1984 | 12 | - | 37,467.08 |
1985 | 1 | - | 39,635.43 |
1985 | 2 | - | 39,445.85 |
1985 | 3 | - | 39,850.05 |
1985 | 4 | - | 40,940.20 |
1985 | 5 | - | 41,968.20 |
1985 | 6 | - | 42,911.32 |
1985 | 7 | - | 42,119.47 |
1985 | 8 | - | 41,325.52 |
1985 | 9 | - | 41,943.57 |
1985 | 10 | - | 44,636.56 |
1985 | 11 | - | 46,999.85 |
1985 | 12 | - | 47,353.17 |
1986 | 1 | - | 50,050.99 |
1986 | 2 | - | 53,145.53 |
1986 | 3 | - | 54,602.48 |
1986 | 4 | - | 54,871.03 |
1986 | 5 | - | 56,590.27 |
1986 | 6 | - | 55,569.43 |
1986 | 7 | - | 56,836.89 |
1986 | 8 | - | 55,440.84 |
1986 | 9 | - | 55,391.01 |
1986 | 10 | - | 57,347.95 |
1986 | 11 | - | 58,327.99 |
1986 | 12 | - | 62,220.43 |
1987 | 1 | - | 66,241.04 |
1987 | 2 | - | 69,140.02 |
1987 | 3 | - | 68,547.90 |
1987 | 4 | - | 68,666.37 |
1987 | 5 | - | 71,755.29 |
1987 | 6 | - | 73,995.56 |
1987 | 7 | - | 78,771.24 |
1987 | 8 | - | 76,384.14 |
1987 | 9 | - | 67,329.65 |
1987 | 10 | - | 59,045.80 |
1987 | 11 | - | 58,257.72 |
1987 | 12 | - | 60,731.66 |
1988 | 1 | - | 62,753.15 |
1988 | 2 | - | 64,781.37 |
1988 | 3 | - | 64,207.39 |
1988 | 4 | - | 62,802.36 |
1988 | 5 | - | 66,569.37 |
1988 | 6 | - | 66,365.06 |
1988 | 7 | - | 65,224.59 |
1988 | 8 | - | 66,481.57 |
1988 | 9 | - | 69,008.95 |
1988 | 10 | - | 67,614.80 |
1988 | 11 | - | 69,187.49 |
1988 | 12 | - | 71,617.81 |
1989 | 1 | - | 73,981.09 |
1989 | 2 | - | 73,861.49 |
1989 | 3 | - | 76,494.50 |
1989 | 4 | - | 79,642.48 |
1989 | 5 | - | 82,344.45 |
1989 | 6 | - | 84,650.24 |
1989 | 7 | - | 88,620.97 |
1989 | 8 | - | 89,024.68 |
1989 | 9 | - | 89,279.51 |
1989 | 10 | - | 87,660.39 |
1989 | 11 | - | 90,059.39 |
1989 | 12 | - | 88,067.98 |
1990 | 1 | - | 85,842.34 |
1990 | 2 | - | 88,166.23 |
1990 | 3 | - | 88,339.03 |
1990 | 4 | - | 91,740.89 |
1990 | 5 | - | 94,649.04 |
1990 | 6 | - | 94,809.68 |
1990 | 7 | - | 87,356.48 |
1990 | 8 | - | 83,564.28 |
1990 | 9 | - | 81,629.13 |
1990 | 10 | - | 84,064.79 |
1990 | 11 | - | 87,920.51 |
1990 | 12 | - | 87,318.10 |
1991 | 1 | - | 97,452.92 |
1991 | 2 | - | 100,419.99 |
1991 | 3 | - | 102,688.30 |
1991 | 4 | - | 102,504.62 |
1991 | 5 | - | 102,860.32 |
1991 | 6 | - | 103,663.13 |
1991 | 7 | - | 106,440.20 |
1991 | 8 | - | 106,117.57 |
1991 | 9 | - | 106,310.33 |
1991 | 10 | - | 106,327.12 |
1991 | 11 | - | 107,321.43 |
1991 | 12 | - | 115,218.17 |
1992 | 1 | - | 114,525.89 |
1992 | 2 | - | 113,366.45 |
1992 | 3 | - | 113,666.08 |
1992 | 4 | - | 116,017.10 |
1992 | 5 | - | 114,475.09 |
1992 | 6 | - | 116,664.00 |
1992 | 7 | - | 117,762.65 |
1992 | 8 | - | 118,208.01 |
1992 | 9 | - | 116,810.73 |
1992 | 10 | - | 120,031.09 |
1992 | 11 | - | 123,957.55 |
1992 | 12 | - | 124,134.67 |
1993 | 1 | - | 126,275.06 |
1993 | 2 | - | 128,990.17 |
1993 | 3 | - | 127,259.45 |
1993 | 4 | - | 128,181.73 |
1993 | 5 | - | 129,290.73 |
1993 | 6 | - | 129,369.61 |
1993 | 7 | - | 131,649.70 |
1993 | 8 | - | 133,433.52 |
1993 | 9 | - | 135,090.64 |
1993 | 10 | - | 135,100.83 |
1993 | 11 | - | 136,299.42 |
1993 | 12 | - | 138,665.41 |
1994 | 1 | - | 138,560.44 |
1994 | 2 | - | 136,587.59 |
1994 | 3 | - | 132,016.86 |
1994 | 4 | - | 133,413.91 |
1994 | 5 | - | 134,892.26 |
1994 | 6 | - | 134,192.34 |
1994 | 7 | - | 138,328.25 |
1994 | 8 | - | 139,459.04 |
1994 | 9 | - | 138,839.83 |
1994 | 10 | - | 138,326.29 |
1994 | 11 | - | 136,907.46 |
1994 | 12 | - | 140,263.31 |
1995 | 1 | - | 145,620.09 |
1995 | 2 | - | 149,345.30 |
1995 | 3 | - | 154,147.58 |
1995 | 4 | - | 159,308.07 |
1995 | 5 | - | 164,371.55 |
1995 | 6 | - | 170,202.60 |
1995 | 7 | - | 171,075.95 |
1995 | 8 | - | 177,435.98 |
1995 | 9 | - | 179,055.20 |
1995 | 10 | - | 183,278.02 |
1995 | 11 | - | 189,489.56 |
1995 | 12 | - | 189,797.63 |
1996 | 1 | - | 201,004.03 |
1996 | 2 | - | 200,600.62 |
1996 | 3 | - | 200,995.89 |
1996 | 4 | - | 205,728.99 |
1996 | 5 | - | 208,359.43 |
1996 | 6 | - | 201,115.68 |
1996 | 7 | - | 207,301.50 |
1996 | 8 | - | 211,496.72 |
1996 | 9 | - | 220,209.32 |
1996 | 10 | - | 231,334.47 |
1996 | 11 | - | 234,106.39 |
1996 | 12 | - | 241,732.50 |
1997 | 1 | - | 252,274.85 |
1997 | 2 | - | 250,701.45 |
1997 | 3 | - | 242,164.44 |
1997 | 4 | - | 264,486.75 |
1997 | 5 | - | 278,601.95 |
1997 | 6 | - | 294,582.35 |
1997 | 7 | - | 295,606.87 |
1997 | 8 | - | 299,130.53 |
1997 | 9 | - | 304,052.35 |
1997 | 10 | - | 300,549.54 |
1997 | 11 | - | 308,467.86 |
1997 | 12 | - | 309,199.20 |
1998 | 1 | - | 328,994.63 |
1998 | 2 | - | 346,473.69 |
1998 | 3 | - | 358,273.46 |
1998 | 4 | - | 357,478.60 |
1998 | 5 | - | 357,894.91 |
1998 | 6 | - | 373,884.46 |
1998 | 7 | - | 347,820.95 |
1998 | 8 | - | 330,783.11 |
1998 | 9 | - | 335,053.05 |
1998 | 10 | - | 371,823.06 |
1998 | 11 | - | 387,083.07 |
1998 | 12 | - | 406,621.81 |
1999 | 1 | - | 406,350.55 |
1999 | 2 | - | 418,230.25 |
1999 | 3 | - | 436,005.13 |
1999 | 4 | - | 435,574.22 |
1999 | 5 | - | 432,909.52 |
1999 | 6 | - | 452,487.36 |
1999 | 7 | - | 435,408.74 |
1999 | 8 | - | 432,804.93 |
1999 | 9 | - | 427,297.61 |
1999 | 10 | - | 457,661.16 |
1999 | 11 | - | 470,515.63 |
1999 | 12 | - | 469,956.04 |
2000 | 1 | - | 458,310.16 |
2000 | 2 | - | 476,371.95 |
2000 | 3 | - | 483,158.66 |
2000 | 4 | - | 469,442.78 |
2000 | 5 | - | 484,293.51 |
2000 | 6 | - | 488,411.66 |
2000 | 7 | - | 493,001.32 |
2000 | 8 | - | 487,678.63 |
2000 | 9 | - | 462,249.95 |
2000 | 10 | - | 458,678.77 |
2000 | 11 | - | 443,450.30 |
2000 | 12 | - | 445,468.03 |
2001 | 1 | - | 435,951.68 |
2001 | 2 | - | 396,367.69 |
2001 | 3 | - | 398,146.17 |
2001 | 4 | - | 425,535.97 |
2001 | 5 | - | 415,371.40 |
2001 | 6 | - | 404,321.57 |
2001 | 7 | - | 396,049.80 |
2001 | 8 | - | 351,504.80 |
2001 | 9 | - | 362,696.82 |
2001 | 10 | - | 381,024.42 |
2001 | 11 | - | 386,610.43 |
2001 | 12 | - | 385,459.53 |
2002 | 1 | - | 372,535.96 |
2002 | 2 | - | 390,958.87 |
2002 | 3 | - | 377,218.89 |
2002 | 4 | - | 366,579.91 |
2002 | 5 | - | 344,874.87 |
2002 | 6 | - | 307,771.51 |
2002 | 7 | - | 311,276.38 |
2002 | 8 | - | 296,466.69 |
2002 | 9 | - | 292,413.87 |
2002 | 10 | - | 311,787.97 |
2002 | 11 | - | 308,560.77 |
2002 | 12 | - | 307,874.17 |
2003 | 1 | - | 288,124.55 |
2003 | 2 | - | 291,892.92 |
2003 | 3 | - | 307,321.97 |
2003 | 4 | - | 323,647.57 |
2003 | 5 | - | 342,109.02 |
2003 | 6 | - | 344,147.65 |
2003 | 7 | - | 343,575.25 |
2003 | 8 | - | 354,436.29 |
2003 | 9 | - | 361,623.65 |
2003 | 10 | - | 366,001.42 |
2003 | 11 | - | 377,215.00 |
2003 | 12 | - | 395,830.42 |
2004 | 1 | - | 400,131.76 |
2004 | 2 | - | 393,868.91 |
2004 | 3 | - | 397,682.10 |
2004 | 4 | - | 387,484.52 |
2004 | 5 | - | 398,557.58 |
2004 | 6 | - | 389,634.75 |
2004 | 7 | - | 384,228.30 |
2004 | 8 | - | 394,919.93 |
2004 | 9 | - | 395,325.10 |
2004 | 10 | - | 414,197.51 |
2004 | 11 | - | 425,494.53 |
2004 | 12 | - | 419,753.66 |
2005 | 1 | - | 426,810.59 |
2005 | 2 | - | 425,719.71 |
2005 | 3 | - | 415,464.47 |
2005 | 4 | - | 421,014.54 |
2005 | 5 | - | 430,195.59 |
2005 | 6 | - | 437,972.63 |
2005 | 7 | - | 439,330.42 |
2005 | 8 | - | 440,559.19 |
2005 | 9 | - | 428,997.95 |
2005 | 10 | - | 445,992.88 |
2005 | 11 | - | 455,555.56 |
2005 | 12 | - | 462,237.51 |
2006 | 1 | - | 462,160.59 |
2006 | 2 | - | 469,028.94 |
2006 | 3 | - | 472,773.34 |
2006 | 4 | - | 469,054.34 |
2006 | 5 | - | 456,362.70 |
2006 | 6 | - | 459,648.70 |
2006 | 7 | - | 470,182.74 |
2006 | 8 | - | 482,083.88 |
2006 | 9 | - | 499,515.61 |
2006 | 10 | - | 509,514.13 |
2006 | 11 | - | 520,459.85 |
2006 | 12 | - | 524,065.73 |
2007 | 1 | - | 532,430.07 |
2007 | 2 | - | 519,258.33 |
2007 | 3 | - | 540,964.68 |
2007 | 4 | - | 559,312.86 |
2007 | 5 | - | 561,241.94 |
2007 | 6 | - | 564,466.95 |
2007 | 7 | - | 540,753.08 |
2007 | 8 | - | 557,379.85 |
2007 | 9 | - | 574,054.61 |
2007 | 10 | - | 546,463.77 |
2007 | 11 | - | 553,230.20 |
2007 | 12 | - | 516,522.28 |
2008 | 1 | - | 508,444.05 |
2008 | 2 | - | 495,089.08 |
2008 | 3 | - | 516,099.68 |
2008 | 4 | - | 529,325.27 |
2008 | 5 | - | 506,847.04 |
2008 | 6 | - | 476,038.49 |
2008 | 7 | - | 486,085.44 |
2008 | 8 | - | 462,522.28 |
2008 | 9 | - | 369,122.45 |
2008 | 10 | - | 337,358.18 |
2008 | 11 | - | 336,173.32 |
2008 | 12 | - | 332,490.35 |
2009 | 1 | - | 310,205.16 |
2009 | 2 | - | 292,562.44 |
2009 | 3 | - | 328,611.25 |
2009 | 4 | - | 350,496.17 |
2009 | 5 | - | 360,551.42 |
2009 | 6 | - | 365,157.98 |
2009 | 7 | - | 394,811.53 |
2009 | 8 | - | 409,223.50 |
2009 | 9 | - | 419,057.59 |
2009 | 10 | - | 427,834.02 |
2009 | 11 | - | 437,357.00 |
2009 | 12 | - | 443,291.79 |
2010 | 1 | - | 430,443.09 |
2010 | 2 | - | 456,024.48 |
2010 | 3 | - | 474,666.44 |
2010 | 4 | - | 446,744.68 |
2010 | 5 | - | 430,914.00 |
2010 | 6 | - | 430,228.53 |
2010 | 7 | - | 433,944.03 |
2010 | 8 | - | 448,572.96 |
2010 | 9 | - | 469,106.10 |
2010 | 10 | - | 480,791.13 |
2010 | 11 | - | 498,646.44 |
2010 | 12 | - | 515,910.55 |
2011 | 1 | - | 532,166.19 |
2011 | 2 | - | 526,246.05 |
2011 | 3 | - | 537,933.88 |
2011 | 4 | - | 541,480.13 |
2011 | 5 | - | 521,647.88 |
2011 | 6 | - | 537,828.01 |
2011 | 7 | - | 481,890.42 |
2011 | 8 | - | 478,087.12 |
2011 | 9 | - | 492,520.13 |
2011 | 10 | - | 501,223.56 |
2011 | 11 | - | 509,016.34 |
2011 | 12 | - | 533,360.34 |
2012 | 1 | - | 555,562.04 |
2012 | 2 | - | 571,583.55 |
2012 | 3 | - | 571,365.14 |
2012 | 4 | - | 553,704.52 |
2012 | 5 | - | 547,323.57 |
2012 | 6 | - | 563,311.37 |
2012 | 7 | - | 582,394.67 |
2012 | 8 | - | 599,989.78 |
2012 | 9 | - | 598,686.99 |
2012 | 10 | - | 581,699.29 |
2012 | 11 | - | 594,354.36 |
2012 | 12 | - | 619,725.93 |
2013 | 1 | - | 634,184.27 |
2013 | 2 | - | 651,449.64 |
2013 | 3 | - | 660,920.36 |
2013 | 4 | - | 691,152.64 |
2013 | 5 | - | 683,427.11 |
2013 | 6 | - | 705,669.09 |
2013 | 7 | - | 707,451.10 |
2013 | 8 | - | 715,887.23 |
2013 | 9 | - | 731,046.50 |
2013 | 10 | - | 759,264.85 |
2013 | 11 | - | 770,818.29 |
2013 | 12 | - | 778,278.33 |
2014 | 1 | - | 777,266.29 |
2014 | 2 | - | 798,425.57 |
2014 | 3 | - | 800,036.19 |
2014 | 4 | - | 812,293.02 |
2014 | 5 | - | 838,256.48 |
2014 | 6 | - | 850,795.31 |
2014 | 7 | - | 847,162.83 |
2014 | 8 | - | 862,225.67 |
2014 | 9 | - | 839,406.15 |
2014 | 10 | - | 887,299.74 |
2014 | 11 | - | 892,924.23 |
2014 | 12 | - | 883,012.36 |
2015 | 1 | - | 907,978.64 |
2015 | 2 | - | 908,481.33 |
2015 | 3 | - | 916,461.51 |
2015 | 4 | - | 925,432.79 |
2015 | 5 | - | 921,402.53 |
2015 | 6 | - | 920,668.82 |
2015 | 7 | - | 898,348.15 |
2015 | 8 | - | 857,858.74 |
2015 | 9 | - | 894,893.52 |
2015 | 10 | - | 921,136.01 |
2015 | 11 | - | 910,976.15 |
2015 | 12 | - | 852,494.93 |
2016 | 1 | - | 847,806.98 |
2016 | 2 | - | 901,750.63 |
2016 | 3 | - | 927,281.54 |
2016 | 4 | - | 924,459.22 |
2016 | 5 | - | 934,318.48 |
2016 | 6 | - | 965,127.06 |
2016 | 7 | - | 976,701.42 |
2016 | 8 | - | 972,416.91 |
2016 | 9 | - | 967,496.67 |
2016 | 10 | - | 979,117.85 |
2016 | 11 | - | 1,017,753.49 |
2016 | 12 | - | 1,032,385.07 |
2017 | 1 | - | 1,058,983.90 |
2017 | 2 | - | 1,077,508.25 |
2017 | 3 | - | 1,075,848.85 |
2017 | 4 | - | 1,094,056.23 |
2017 | 5 | - | 1,113,491.35 |
2017 | 6 | - | 1,124,491.35 |
2017 | 7 | - | 1,127,277.90 |
2017 | 8 | - | 1,145,914.77 |
2017 | 9 | - | 1,177,253.23 |
2017 | 10 | - | 1,195,966.49 |
2017 | 11 | - | 1,230,452.02 |
2017 | 12 | - | 1,290,275.34 |
2018 | 1 | - | 1,253,029.14 |
2018 | 2 | - | 1,253,838.32 |
2018 | 3 | - | 1,232,974.80 |
2018 | 4 | - | 1,257,161.10 |
2018 | 5 | - | 1,283,724.53 |
2018 | 6 | - | 1,304,016.91 |
2018 | 7 | - | 1,335,975.82 |
2018 | 8 | - | 1,358,416.84 |
2018 | 9 | - | 1,306,131.56 |
2018 | 10 | - | 1,279,014.86 |
2018 | 11 | - | 1,207,869.50 |
2018 | 12 | - | 1,228,833.72 |
2019 | 1 | - | 1,300,461.24 |
2019 | 2 | - | 1,325,794.51 |
2019 | 3 | - | 1,375,156.75 |
2019 | 4 | - | 1,354,092.26 |
2019 | 5 | - | 1,373,113.86 |
2019 | 6 | - | 1,425,667.65 |
2019 | 7 | - | 1,380,981.32 |
2019 | 8 | - | 1,423,587.74 |
2019 | 9 | - | 1,423,727.29 |
2019 | 10 | - | 1,486,850.97 |
2019 | 11 | - | 1,523,566.08 |
2019 | 12 | - | 1,574,550.66 |
2020 | 1 | - | 1,576,472.82 |
2020 | 2 | - | 1,278,240.28 |
2020 | 3 | - | 1,333,442.55 |
2020 | 4 | - | 1,411,947.18 |
2020 | 5 | - | 1,503,840.54 |
2020 | 6 | - | 1,556,120.58 |
2020 | 7 | - | 1,647,830.62 |
2020 | 8 | - | 1,637,498.68 |
2020 | 9 | - | 1,665,761.93 |
2020 | 10 | - | 1,731,628.10 |
2020 | 11 | - | 1,805,396.85 |
2020 | 12 | - | 1,855,863.10 |
2021 | 1 | - | 1,902,102.46 |
2021 | 2 | - | 1,917,725.53 |
2021 | 3 | - | 2,033,201.10 |
2021 | 4 | - | 2,048,658.14 |
2021 | 5 | - | 2,085,747.51 |
2021 | 6 | - | 2,149,742.45 |
2021 | 7 | - | 2,196,717.80 |
2021 | 8 | - | 2,194,861.60 |
2021 | 9 | - | 2,204,786.24 |
2021 | 10 | - | 2,309,397.70 |
2021 | 11 | - | 2,315,526.93 |
2021 | 12 | - | 2,268,013.41 |
2022 | 1 | - | 2,202,182.73 |
2022 | 2 | - | 2,182,526.41 |
2022 | 3 | - | 2,185,108.38 |
2022 | 4 | - | 2,013,080.69 |
2022 | 5 | - | 1,945,252.26 |
2022 | 6 | - | 1,954,291.56 |
2022 | 7 | - | 2,080,292.43 |
2022 | 8 | - | 1,928,901.14 |
2022 | 9 | - | 1,869,275.43 |
2022 | 10 | - | 1,968,068.40 |
2022 | 11 | - | 1,968,281.69 |
2022 | 12 | - | 1,995,374.22 |
2023 | 1 | - | 2,058,168.09 |
2023 | 2 | - | 2,004,955.65 |
2023 | 3 | - | 2,085,078.12 |
2023 | 4 | - | 2,100,459.64 |
2023 | 5 | - | 2,204,268.27 |
2023 | 6 | - | 2,289,706.64 |
2023 | 7 | - | 2,266,863.68 |
2023 | 8 | - | 2,245,247.39 |
2023 | 9 | - | 2,177,052.21 |
2023 | 10 | - | 2,277,234.14 |
2023 | 11 | - | 2,395,086.63 |
2023 | 12 | - | 2,464,827.64 |
2024 | 1 | - | 2,568,332.45 |
2024 | 2 | - | 2,652,628.20 |
2024 | 3 | - | 2,625,859.78 |
2024 | 4 | - | 2,691,945.13 |
2024 | 5 | - | 2,787,524.91 |
2024 | 6 | - | 2,853,858.56 |
2024 | 7 | - | 2,826,158.71 |
2024 | 8 | - | 2,903,089.88 |
2024 | 9 | - | 2,994,591.97 |
2024 | 10 | - | 3,126,337.66 |
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 | $103.80 |
End Value Average monthly close | $4,815.61 |
Change in price | +4,539.32% +8.51% / yr |
Change incl. dividends | +20,317.78% +11.76% / yr |
Change incl. dividends, inflation-adjusted | +3,846.59% +7.99% / yr |
Final amount, nominal ($15000 base) | $3,062,667.49 |
Final amount, inflation-adjusted ($15000 base) | $591,988.84 |