Stock market returns since 1979
If you invested $1 in the S&P 500 at the beginning of 1979, you would have about $128.34 at the end of 2022, assuming you reinvested all dividends. This is a return on investment of 12,734.37%, or 11.85% per year.
If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $109.75.
This investment result beats inflation during this period for an inflation-adjusted return of about 3,087.78% cumulatively, or 8.32% per year.
Contents
The graph below shows the performance of $1 over time if invested in an S&P 500 index fund. The returns assume that all dividends are automatically reinvested.
This chart shows the rate of gains and loss by month, including dividends:
Adjusting stock market return for inflation
The nominal return on investment of $1 is $127.34, or 12,734.37%. This means by 2022 you would have $128.34 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 1979 was 72.600 and the CPI in 2022 was 292.296.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 43 years.
Adjusted for inflation, the $128.34 nominal end value of the original $1 investment would have a real value of roughly $30.88 in 1979 dollars. This means the inflation-adjusted return is 3,087.78% as opposed to the original 12,734.37%.
For more information on inflation, see our U.S. inflation calculator for 1979.
Full monthly data
The table below shows the full dataset pertaining to a $1 investment, including gains and losses over the 520-month period between 1979 and 2022.
Note that data shown is the monthly average closing price. Returns include dividends.
| Year | Month | Return (%) | Amount ($) | CPI |
|---|---|---|---|---|
| 1979 | 1 | -1.06% | 0.99 | 68.30 |
| 1979 | 2 | 2.34% | 1.01 | 69.10 |
| 1979 | 3 | 2.43% | 1.04 | 69.80 |
| 1979 | 4 | -1.89% | 1.02 | 70.60 |
| 1979 | 5 | 2.42% | 1.04 | 71.50 |
| 1979 | 6 | 1.42% | 1.06 | 72.30 |
| 1979 | 7 | 5.01% | 1.11 | 73.10 |
| 1979 | 8 | 1.54% | 1.13 | 73.80 |
| 1979 | 9 | -3.35% | 1.09 | 74.60 |
| 1979 | 10 | -0.32% | 1.09 | 75.20 |
| 1979 | 11 | 4.40% | 1.13 | 75.90 |
| 1979 | 12 | 3.31% | 1.17 | 76.70 |
| 1980 | 1 | 4.40% | 1.22 | 77.80 |
| 1980 | 2 | -8.78% | 1.12 | 78.90 |
| 1980 | 3 | -1.16% | 1.10 | 80.10 |
| 1980 | 4 | 5.04% | 1.16 | 81.00 |
| 1980 | 5 | 6.86% | 1.24 | 81.80 |
| 1980 | 6 | 4.97% | 1.30 | 82.70 |
| 1980 | 7 | 3.50% | 1.34 | 82.70 |
| 1980 | 8 | 2.84% | 1.38 | 83.30 |
| 1980 | 9 | 3.32% | 1.43 | 84.00 |
| 1980 | 10 | 4.61% | 1.49 | 84.80 |
| 1980 | 11 | -1.24% | 1.48 | 85.50 |
| 1980 | 12 | 0.01% | 1.48 | 86.30 |
| 1981 | 1 | -3.07% | 1.43 | 87.00 |
| 1981 | 2 | 4.14% | 1.49 | 87.90 |
| 1981 | 3 | 1.29% | 1.51 | 88.50 |
| 1981 | 4 | -1.62% | 1.48 | 89.10 |
| 1981 | 5 | 0.86% | 1.50 | 89.80 |
| 1981 | 6 | -2.02% | 1.47 | 90.60 |
| 1981 | 7 | 0.80% | 1.48 | 91.60 |
| 1981 | 8 | -8.30% | 1.36 | 92.30 |
| 1981 | 9 | 1.73% | 1.38 | 93.20 |
| 1981 | 10 | 3.04% | 1.42 | 93.40 |
| 1981 | 11 | 1.18% | 1.44 | 93.70 |
| 1981 | 12 | -4.80% | 1.37 | 94.00 |
| 1982 | 1 | -1.91% | 1.34 | 94.30 |
| 1982 | 2 | -2.74% | 1.31 | 94.60 |
| 1982 | 3 | 5.47% | 1.38 | 94.50 |
| 1982 | 4 | 0.57% | 1.39 | 94.90 |
| 1982 | 5 | -5.27% | 1.31 | 95.80 |
| 1982 | 6 | 0.24% | 1.32 | 97.00 |
| 1982 | 7 | 0.79% | 1.33 | 97.50 |
| 1982 | 8 | 12.10% | 1.49 | 97.70 |
| 1982 | 9 | 8.88% | 1.62 | 97.90 |
| 1982 | 10 | 4.50% | 1.69 | 98.20 |
| 1982 | 11 | 1.36% | 1.71 | 98.00 |
| 1982 | 12 | 3.93% | 1.78 | 97.60 |
| 1983 | 1 | 2.13% | 1.82 | 97.80 |
| 1983 | 2 | 3.87% | 1.89 | 97.90 |
| 1983 | 3 | 4.20% | 1.97 | 97.90 |
| 1983 | 4 | 4.42% | 2.06 | 98.60 |
| 1983 | 5 | 1.75% | 2.09 | 99.20 |
| 1983 | 6 | 0.71% | 2.11 | 99.50 |
| 1983 | 7 | -2.41% | 2.06 | 99.90 |
| 1983 | 8 | 3.31% | 2.12 | 100.20 |
| 1983 | 9 | 0.65% | 2.14 | 100.70 |
| 1983 | 10 | -1.14% | 2.11 | 101.00 |
| 1983 | 11 | -0.13% | 2.11 | 101.20 |
| 1983 | 12 | 1.58% | 2.14 | 101.30 |
| 1984 | 1 | -5.11% | 2.03 | 101.90 |
| 1984 | 2 | 0.44% | 2.04 | 102.40 |
| 1984 | 3 | 0.51% | 2.05 | 102.60 |
| 1984 | 4 | -0.25% | 2.05 | 103.10 |
| 1984 | 5 | -1.85% | 2.01 | 103.40 |
| 1984 | 6 | -0.91% | 1.99 | 103.70 |
| 1984 | 7 | 9.21% | 2.18 | 104.10 |
| 1984 | 8 | 1.41% | 2.21 | 104.50 |
| 1984 | 9 | -0.41% | 2.20 | 105.00 |
| 1984 | 10 | 1.29% | 2.23 | 105.30 |
| 1984 | 11 | -0.71% | 2.21 | 105.30 |
| 1984 | 12 | 4.70% | 2.31 | 105.30 |
| 1985 | 1 | 5.79% | 2.45 | 105.50 |
| 1985 | 2 | -0.48% | 2.44 | 106.00 |
| 1985 | 3 | 1.02% | 2.46 | 106.40 |
| 1985 | 4 | 2.74% | 2.53 | 106.90 |
| 1985 | 5 | 2.51% | 2.59 | 107.30 |
| 1985 | 6 | 2.25% | 2.65 | 107.60 |
| 1985 | 7 | -1.85% | 2.60 | 107.80 |
| 1985 | 8 | -1.88% | 2.55 | 108.00 |
| 1985 | 9 | 1.50% | 2.59 | 108.30 |
| 1985 | 10 | 6.42% | 2.76 | 108.70 |
| 1985 | 11 | 5.29% | 2.90 | 109.00 |
| 1985 | 12 | 0.75% | 2.93 | 109.30 |
| 1986 | 1 | 5.70% | 3.09 | 109.60 |
| 1986 | 2 | 6.18% | 3.28 | 109.30 |
| 1986 | 3 | 2.74% | 3.37 | 108.80 |
| 1986 | 4 | 0.49% | 3.39 | 108.60 |
| 1986 | 5 | 3.13% | 3.50 | 108.90 |
| 1986 | 6 | -1.80% | 3.43 | 109.50 |
| 1986 | 7 | 2.28% | 3.51 | 109.50 |
| 1986 | 8 | -2.46% | 3.42 | 109.70 |
| 1986 | 9 | -0.09% | 3.42 | 110.20 |
| 1986 | 10 | 3.53% | 3.54 | 110.30 |
| 1986 | 11 | 1.71% | 3.60 | 110.40 |
| 1986 | 12 | 6.67% | 3.84 | 110.50 |
| 1987 | 1 | 6.46% | 4.09 | 111.20 |
| 1987 | 2 | 4.38% | 4.27 | 111.60 |
| 1987 | 3 | -0.86% | 4.23 | 112.10 |
| 1987 | 4 | 0.17% | 4.24 | 112.70 |
| 1987 | 5 | 4.50% | 4.43 | 113.10 |
| 1987 | 6 | 3.12% | 4.57 | 113.50 |
| 1987 | 7 | 6.45% | 4.87 | 113.80 |
| 1987 | 8 | -3.03% | 4.72 | 114.40 |
| 1987 | 9 | -11.85% | 4.16 | 115.00 |
| 1987 | 10 | -12.30% | 3.65 | 115.30 |
| 1987 | 11 | -1.33% | 3.60 | 115.40 |
| 1987 | 12 | 4.25% | 3.75 | 115.40 |
| 1988 | 1 | 3.33% | 3.88 | 115.70 |
| 1988 | 2 | 3.23% | 4.00 | 116.00 |
| 1988 | 3 | -0.89% | 3.97 | 116.50 |
| 1988 | 4 | -2.19% | 3.88 | 117.10 |
| 1988 | 5 | 6.00% | 4.11 | 117.50 |
| 1988 | 6 | -0.31% | 4.10 | 118.00 |
| 1988 | 7 | -1.72% | 4.03 | 118.50 |
| 1988 | 8 | 1.93% | 4.11 | 119.00 |
| 1988 | 9 | 3.80% | 4.26 | 119.80 |
| 1988 | 10 | -2.02% | 4.18 | 120.20 |
| 1988 | 11 | 2.33% | 4.27 | 120.30 |
| 1988 | 12 | 3.51% | 4.42 | 120.50 |
| 1989 | 1 | 3.30% | 4.57 | 121.10 |
| 1989 | 2 | -0.16% | 4.56 | 121.60 |
| 1989 | 3 | 3.56% | 4.73 | 122.30 |
| 1989 | 4 | 4.12% | 4.92 | 123.10 |
| 1989 | 5 | 3.39% | 5.09 | 123.80 |
| 1989 | 6 | 2.80% | 5.23 | 124.10 |
| 1989 | 7 | 4.69% | 5.47 | 124.40 |
| 1989 | 8 | 0.46% | 5.50 | 124.60 |
| 1989 | 9 | 0.29% | 5.51 | 125.00 |
| 1989 | 10 | -1.81% | 5.41 | 125.60 |
| 1989 | 11 | 2.74% | 5.56 | 125.90 |
| 1989 | 12 | -2.21% | 5.44 | 126.10 |
| 1990 | 1 | -2.53% | 5.30 | 127.40 |
| 1990 | 2 | 2.71% | 5.45 | 128.00 |
| 1990 | 3 | 0.20% | 5.46 | 128.70 |
| 1990 | 4 | 3.85% | 5.67 | 128.90 |
| 1990 | 5 | 3.17% | 5.85 | 129.20 |
| 1990 | 6 | 0.17% | 5.86 | 129.90 |
| 1990 | 7 | -7.86% | 5.40 | 130.40 |
| 1990 | 8 | -4.34% | 5.16 | 131.60 |
| 1990 | 9 | -2.32% | 5.04 | 132.70 |
| 1990 | 10 | 2.98% | 5.19 | 133.50 |
| 1990 | 11 | 4.59% | 5.43 | 133.80 |
| 1990 | 12 | -0.69% | 5.39 | 133.80 |
| 1991 | 1 | 11.61% | 6.02 | 134.60 |
| 1991 | 2 | 3.04% | 6.20 | 134.80 |
| 1991 | 3 | 2.26% | 6.34 | 135.00 |
| 1991 | 4 | -0.18% | 6.33 | 135.20 |
| 1991 | 5 | 0.35% | 6.35 | 135.60 |
| 1991 | 6 | 0.78% | 6.40 | 136.00 |
| 1991 | 7 | 2.68% | 6.57 | 136.20 |
| 1991 | 8 | -0.30% | 6.56 | 136.60 |
| 1991 | 9 | 0.18% | 6.57 | 137.20 |
| 1991 | 10 | 0.02% | 6.57 | 137.40 |
| 1991 | 11 | 0.94% | 6.63 | 137.80 |
| 1991 | 12 | 7.36% | 7.12 | 137.90 |
| 1992 | 1 | -0.60% | 7.07 | 138.10 |
| 1992 | 2 | -1.01% | 7.00 | 138.60 |
| 1992 | 3 | 0.26% | 7.02 | 139.30 |
| 1992 | 4 | 2.07% | 7.17 | 139.50 |
| 1992 | 5 | -1.33% | 7.07 | 139.70 |
| 1992 | 6 | 1.91% | 7.21 | 140.20 |
| 1992 | 7 | 0.94% | 7.27 | 140.50 |
| 1992 | 8 | 0.38% | 7.30 | 140.90 |
| 1992 | 9 | -1.18% | 7.22 | 141.30 |
| 1992 | 10 | 2.76% | 7.41 | 141.80 |
| 1992 | 11 | 3.27% | 7.66 | 142.00 |
| 1992 | 12 | 0.14% | 7.67 | 141.90 |
| 1993 | 1 | 1.72% | 7.80 | 142.60 |
| 1993 | 2 | 2.15% | 7.97 | 143.10 |
| 1993 | 3 | -1.34% | 7.86 | 143.60 |
| 1993 | 4 | 0.72% | 7.92 | 144.00 |
| 1993 | 5 | 0.87% | 7.99 | 144.20 |
| 1993 | 6 | 0.06% | 7.99 | 144.40 |
| 1993 | 7 | 1.76% | 8.13 | 144.40 |
| 1993 | 8 | 1.35% | 8.24 | 144.80 |
| 1993 | 9 | 1.24% | 8.34 | 145.10 |
| 1993 | 10 | 0.01% | 8.35 | 145.70 |
| 1993 | 11 | 0.89% | 8.42 | 145.80 |
| 1993 | 12 | 1.74% | 8.57 | 145.80 |
| 1994 | 1 | -0.08% | 8.56 | 146.20 |
| 1994 | 2 | -1.42% | 8.44 | 146.70 |
| 1994 | 3 | -3.35% | 8.15 | 147.20 |
| 1994 | 4 | 1.06% | 8.24 | 147.40 |
| 1994 | 5 | 1.11% | 8.33 | 147.50 |
| 1994 | 6 | -0.52% | 8.29 | 148.00 |
| 1994 | 7 | 3.08% | 8.54 | 148.40 |
| 1994 | 8 | 0.82% | 8.61 | 149.00 |
| 1994 | 9 | -0.44% | 8.58 | 149.40 |
| 1994 | 10 | -0.37% | 8.54 | 149.50 |
| 1994 | 11 | -1.03% | 8.46 | 149.70 |
| 1994 | 12 | 2.45% | 8.66 | 149.70 |
| 1995 | 1 | 3.82% | 9.00 | 150.30 |
| 1995 | 2 | 2.56% | 9.23 | 150.90 |
| 1995 | 3 | 3.22% | 9.52 | 151.40 |
| 1995 | 4 | 3.35% | 9.84 | 151.90 |
| 1995 | 5 | 3.18% | 10.15 | 152.20 |
| 1995 | 6 | 3.55% | 10.51 | 152.50 |
| 1995 | 7 | 0.51% | 10.57 | 152.50 |
| 1995 | 8 | 3.72% | 10.96 | 152.90 |
| 1995 | 9 | 0.91% | 11.06 | 153.20 |
| 1995 | 10 | 2.36% | 11.32 | 153.70 |
| 1995 | 11 | 3.39% | 11.71 | 153.60 |
| 1995 | 12 | 0.16% | 11.72 | 153.50 |
| 1996 | 1 | 5.90% | 12.42 | 154.40 |
| 1996 | 2 | -0.20% | 12.39 | 154.90 |
| 1996 | 3 | 0.20% | 12.42 | 155.70 |
| 1996 | 4 | 2.35% | 12.71 | 156.30 |
| 1996 | 5 | 1.28% | 12.87 | 156.60 |
| 1996 | 6 | -3.48% | 12.42 | 156.70 |
| 1996 | 7 | 3.08% | 12.81 | 157.00 |
| 1996 | 8 | 2.02% | 13.06 | 157.30 |
| 1996 | 9 | 4.12% | 13.60 | 157.80 |
| 1996 | 10 | 5.05% | 14.29 | 158.30 |
| 1996 | 11 | 1.20% | 14.46 | 158.60 |
| 1996 | 12 | 3.26% | 14.93 | 158.60 |
| 1997 | 1 | 4.36% | 15.58 | 159.10 |
| 1997 | 2 | -0.62% | 15.49 | 159.60 |
| 1997 | 3 | -3.41% | 14.96 | 160.00 |
| 1997 | 4 | 9.22% | 16.34 | 160.20 |
| 1997 | 5 | 5.34% | 17.21 | 160.10 |
| 1997 | 6 | 5.74% | 18.20 | 160.30 |
| 1997 | 7 | 0.35% | 18.26 | 160.50 |
| 1997 | 8 | 1.19% | 18.48 | 160.80 |
| 1997 | 9 | 1.65% | 18.78 | 161.20 |
| 1997 | 10 | -1.15% | 18.57 | 161.60 |
| 1997 | 11 | 2.63% | 19.05 | 161.50 |
| 1997 | 12 | 0.24% | 19.10 | 161.30 |
| 1998 | 1 | 6.40% | 20.32 | 161.60 |
| 1998 | 2 | 5.31% | 21.40 | 161.90 |
| 1998 | 3 | 3.41% | 22.13 | 162.20 |
| 1998 | 4 | -0.22% | 22.08 | 162.50 |
| 1998 | 5 | 0.12% | 22.11 | 162.80 |
| 1998 | 6 | 4.47% | 23.10 | 163.00 |
| 1998 | 7 | -6.97% | 21.49 | 163.20 |
| 1998 | 8 | -4.90% | 20.43 | 163.40 |
| 1998 | 9 | 1.29% | 20.70 | 163.60 |
| 1998 | 10 | 10.97% | 22.97 | 164.00 |
| 1998 | 11 | 4.10% | 23.91 | 164.00 |
| 1998 | 12 | 5.05% | 25.12 | 163.90 |
| 1999 | 1 | -0.07% | 25.10 | 164.30 |
| 1999 | 2 | 2.92% | 25.83 | 164.50 |
| 1999 | 3 | 4.25% | 26.93 | 165.00 |
| 1999 | 4 | -0.10% | 26.91 | 166.20 |
| 1999 | 5 | -0.61% | 26.74 | 166.20 |
| 1999 | 6 | 4.52% | 27.95 | 166.20 |
| 1999 | 7 | -3.77% | 26.90 | 166.70 |
| 1999 | 8 | -0.60% | 26.73 | 167.10 |
| 1999 | 9 | -1.27% | 26.39 | 167.90 |
| 1999 | 10 | 7.11% | 28.27 | 168.20 |
| 1999 | 11 | 2.81% | 29.06 | 168.30 |
| 1999 | 12 | -0.12% | 29.03 | 168.30 |
| 2000 | 1 | -2.48% | 28.31 | 168.80 |
| 2000 | 2 | 3.94% | 29.43 | 169.80 |
| 2000 | 3 | 1.42% | 29.85 | 171.20 |
| 2000 | 4 | -2.84% | 29.00 | 171.30 |
| 2000 | 5 | 3.16% | 29.92 | 171.50 |
| 2000 | 6 | 0.85% | 30.17 | 172.40 |
| 2000 | 7 | 0.94% | 30.45 | 172.80 |
| 2000 | 8 | -1.08% | 30.12 | 172.80 |
| 2000 | 9 | -5.21% | 28.55 | 173.70 |
| 2000 | 10 | -0.77% | 28.33 | 174.00 |
| 2000 | 11 | -3.32% | 27.39 | 174.10 |
| 2000 | 12 | 0.46% | 27.52 | 174.00 |
| 2001 | 1 | -2.14% | 26.93 | 175.10 |
| 2001 | 2 | -9.08% | 24.48 | 175.80 |
| 2001 | 3 | 0.45% | 24.59 | 176.20 |
| 2001 | 4 | 6.88% | 26.29 | 176.90 |
| 2001 | 5 | -2.39% | 25.66 | 177.70 |
| 2001 | 6 | -2.66% | 24.98 | 178.00 |
| 2001 | 7 | -2.05% | 24.46 | 177.50 |
| 2001 | 8 | -11.25% | 21.71 | 177.50 |
| 2001 | 9 | 3.18% | 22.40 | 178.30 |
| 2001 | 10 | 5.05% | 23.54 | 177.70 |
| 2001 | 11 | 1.47% | 23.88 | 177.40 |
| 2001 | 12 | -0.30% | 23.81 | 176.70 |
| 2002 | 1 | -3.35% | 23.01 | 177.10 |
| 2002 | 2 | 4.95% | 24.15 | 177.80 |
| 2002 | 3 | -3.51% | 23.30 | 178.80 |
| 2002 | 4 | -2.82% | 22.64 | 179.80 |
| 2002 | 5 | -5.92% | 21.30 | 179.80 |
| 2002 | 6 | -10.76% | 19.01 | 179.90 |
| 2002 | 7 | 1.14% | 19.23 | 180.10 |
| 2002 | 8 | -4.76% | 18.31 | 180.70 |
| 2002 | 9 | -1.37% | 18.06 | 181.00 |
| 2002 | 10 | 6.63% | 19.26 | 181.30 |
| 2002 | 11 | -1.04% | 19.06 | 181.30 |
| 2002 | 12 | -0.22% | 19.02 | 180.90 |
| 2003 | 1 | -6.41% | 17.80 | 181.70 |
| 2003 | 2 | 1.31% | 18.03 | 183.10 |
| 2003 | 3 | 5.29% | 18.98 | 184.20 |
| 2003 | 4 | 5.31% | 19.99 | 183.80 |
| 2003 | 5 | 5.70% | 21.13 | 183.50 |
| 2003 | 6 | 0.60% | 21.26 | 183.70 |
| 2003 | 7 | -0.17% | 21.22 | 183.90 |
| 2003 | 8 | 3.16% | 21.89 | 184.60 |
| 2003 | 9 | 2.03% | 22.34 | 185.20 |
| 2003 | 10 | 1.21% | 22.61 | 185.00 |
| 2003 | 11 | 3.06% | 23.30 | 184.50 |
| 2003 | 12 | 4.93% | 24.45 | 184.30 |
| 2004 | 1 | 1.09% | 24.72 | 185.20 |
| 2004 | 2 | -1.57% | 24.33 | 186.20 |
| 2004 | 3 | 0.97% | 24.57 | 187.40 |
| 2004 | 4 | -2.56% | 23.94 | 188.00 |
| 2004 | 5 | 2.86% | 24.62 | 189.10 |
| 2004 | 6 | -2.24% | 24.07 | 189.70 |
| 2004 | 7 | -1.39% | 23.73 | 189.40 |
| 2004 | 8 | 2.78% | 24.39 | 189.50 |
| 2004 | 9 | 0.10% | 24.42 | 189.90 |
| 2004 | 10 | 4.77% | 25.59 | 190.90 |
| 2004 | 11 | 2.73% | 26.28 | 191.00 |
| 2004 | 12 | -1.35% | 25.93 | 190.30 |
| 2005 | 1 | 1.68% | 26.36 | 190.70 |
| 2005 | 2 | -0.26% | 26.30 | 191.80 |
| 2005 | 3 | -2.41% | 25.66 | 193.30 |
| 2005 | 4 | 1.34% | 26.01 | 194.60 |
| 2005 | 5 | 2.18% | 26.57 | 194.40 |
| 2005 | 6 | 1.81% | 27.05 | 194.50 |
| 2005 | 7 | 0.31% | 27.14 | 195.40 |
| 2005 | 8 | 0.28% | 27.21 | 196.40 |
| 2005 | 9 | -2.62% | 26.50 | 198.80 |
| 2005 | 10 | 3.96% | 27.55 | 199.20 |
| 2005 | 11 | 2.14% | 28.14 | 197.60 |
| 2005 | 12 | 1.47% | 28.55 | 196.80 |
| 2006 | 1 | -0.02% | 28.55 | 198.30 |
| 2006 | 2 | 1.49% | 28.97 | 198.70 |
| 2006 | 3 | 0.80% | 29.20 | 199.80 |
| 2006 | 4 | -0.79% | 28.97 | 201.50 |
| 2006 | 5 | -2.71% | 28.19 | 202.50 |
| 2006 | 6 | 0.72% | 28.39 | 202.90 |
| 2006 | 7 | 2.29% | 29.04 | 203.50 |
| 2006 | 8 | 2.53% | 29.78 | 203.90 |
| 2006 | 9 | 3.62% | 30.86 | 202.90 |
| 2006 | 10 | 2.00% | 31.47 | 201.80 |
| 2006 | 11 | 2.15% | 32.15 | 201.50 |
| 2006 | 12 | 0.69% | 32.37 | 201.80 |
| 2007 | 1 | 1.60% | 32.89 | 202.42 |
| 2007 | 2 | -2.47% | 32.08 | 203.50 |
| 2007 | 3 | 4.18% | 33.42 | 205.35 |
| 2007 | 4 | 3.39% | 34.55 | 206.69 |
| 2007 | 5 | 0.34% | 34.67 | 207.95 |
| 2007 | 6 | 0.57% | 34.87 | 208.35 |
| 2007 | 7 | -4.20% | 33.40 | 208.30 |
| 2007 | 8 | 3.07% | 34.43 | 207.92 |
| 2007 | 9 | 2.99% | 35.46 | 208.49 |
| 2007 | 10 | -4.81% | 33.76 | 208.94 |
| 2007 | 11 | 1.24% | 34.17 | 210.18 |
| 2007 | 12 | -6.64% | 31.91 | 210.04 |
| 2008 | 1 | -1.56% | 31.41 | 211.08 |
| 2008 | 2 | -2.63% | 30.58 | 211.69 |
| 2008 | 3 | 4.24% | 31.88 | 213.53 |
| 2008 | 4 | 2.56% | 32.70 | 214.82 |
| 2008 | 5 | -4.25% | 31.31 | 216.63 |
| 2008 | 6 | -6.08% | 29.41 | 218.82 |
| 2008 | 7 | 2.11% | 30.03 | 219.96 |
| 2008 | 8 | -4.85% | 28.57 | 219.09 |
| 2008 | 9 | -20.19% | 22.80 | 218.78 |
| 2008 | 10 | -8.61% | 20.84 | 216.57 |
| 2008 | 11 | -0.35% | 20.77 | 212.43 |
| 2008 | 12 | -1.10% | 20.54 | 210.23 |
| 2009 | 1 | -6.70% | 19.16 | 211.14 |
| 2009 | 2 | -5.69% | 18.07 | 212.19 |
| 2009 | 3 | 12.32% | 20.30 | 212.71 |
| 2009 | 4 | 6.66% | 21.65 | 213.24 |
| 2009 | 5 | 2.87% | 22.27 | 213.86 |
| 2009 | 6 | 1.28% | 22.56 | 215.69 |
| 2009 | 7 | 8.12% | 24.39 | 215.35 |
| 2009 | 8 | 3.65% | 25.28 | 215.83 |
| 2009 | 9 | 2.40% | 25.89 | 215.97 |
| 2009 | 10 | 2.09% | 26.43 | 216.18 |
| 2009 | 11 | 2.23% | 27.02 | 216.33 |
| 2009 | 12 | 1.36% | 27.38 | 215.95 |
| 2010 | 1 | -2.90% | 26.59 | 216.69 |
| 2010 | 2 | 5.94% | 28.17 | 216.74 |
| 2010 | 3 | 4.09% | 29.32 | 217.63 |
| 2010 | 4 | -5.88% | 27.60 | 218.01 |
| 2010 | 5 | -3.54% | 26.62 | 218.18 |
| 2010 | 6 | -0.16% | 26.58 | 217.97 |
| 2010 | 7 | 0.86% | 26.81 | 218.01 |
| 2010 | 8 | 3.37% | 27.71 | 218.31 |
| 2010 | 9 | 4.58% | 28.98 | 218.44 |
| 2010 | 10 | 2.49% | 29.70 | 218.71 |
| 2010 | 11 | 3.71% | 30.80 | 218.80 |
| 2010 | 12 | 3.46% | 31.87 | 219.18 |
| 2011 | 1 | 3.15% | 32.87 | 220.22 |
| 2011 | 2 | -1.11% | 32.51 | 221.31 |
| 2011 | 3 | 2.22% | 33.23 | 223.47 |
| 2011 | 4 | 0.66% | 33.45 | 224.91 |
| 2011 | 5 | -3.66% | 32.22 | 225.96 |
| 2011 | 6 | 3.10% | 33.22 | 225.72 |
| 2011 | 7 | -10.40% | 29.77 | 225.92 |
| 2011 | 8 | -0.79% | 29.53 | 226.55 |
| 2011 | 9 | 3.02% | 30.42 | 226.89 |
| 2011 | 10 | 1.77% | 30.96 | 226.42 |
| 2011 | 11 | 1.55% | 31.44 | 226.23 |
| 2011 | 12 | 4.78% | 32.95 | 225.67 |
| 2012 | 1 | 4.16% | 34.32 | 226.67 |
| 2012 | 2 | 2.88% | 35.31 | 227.66 |
| 2012 | 3 | -0.04% | 35.29 | 229.39 |
| 2012 | 4 | -3.09% | 34.20 | 230.09 |
| 2012 | 5 | -1.15% | 33.81 | 229.82 |
| 2012 | 6 | 2.92% | 34.80 | 229.48 |
| 2012 | 7 | 3.39% | 35.98 | 229.10 |
| 2012 | 8 | 3.02% | 37.06 | 230.38 |
| 2012 | 9 | -0.22% | 36.98 | 231.41 |
| 2012 | 10 | -2.84% | 35.93 | 231.32 |
| 2012 | 11 | 2.18% | 36.71 | 230.22 |
| 2012 | 12 | 4.27% | 38.28 | 229.60 |
| 2013 | 1 | 2.33% | 39.17 | 230.28 |
| 2013 | 2 | 2.72% | 40.24 | 232.17 |
| 2013 | 3 | 1.45% | 40.83 | 232.77 |
| 2013 | 4 | 4.57% | 42.69 | 232.53 |
| 2013 | 5 | -1.12% | 42.22 | 232.95 |
| 2013 | 6 | 3.25% | 43.59 | 233.50 |
| 2013 | 7 | 0.25% | 43.70 | 233.60 |
| 2013 | 8 | 1.19% | 44.22 | 233.88 |
| 2013 | 9 | 2.12% | 45.16 | 234.15 |
| 2013 | 10 | 3.86% | 46.90 | 233.55 |
| 2013 | 11 | 1.52% | 47.61 | 233.07 |
| 2013 | 12 | 0.97% | 48.08 | 233.05 |
| 2014 | 1 | -0.13% | 48.01 | 233.92 |
| 2014 | 2 | 2.72% | 49.32 | 234.78 |
| 2014 | 3 | 0.20% | 49.42 | 236.29 |
| 2014 | 4 | 1.53% | 50.18 | 237.07 |
| 2014 | 5 | 3.20% | 51.78 | 237.90 |
| 2014 | 6 | 1.50% | 52.55 | 238.34 |
| 2014 | 7 | -0.43% | 52.33 | 238.25 |
| 2014 | 8 | 1.78% | 53.26 | 237.85 |
| 2014 | 9 | -2.65% | 51.85 | 238.03 |
| 2014 | 10 | 5.71% | 54.81 | 237.43 |
| 2014 | 11 | 0.63% | 55.16 | 236.15 |
| 2014 | 12 | -1.11% | 54.54 | 234.81 |
| 2015 | 1 | 2.83% | 56.09 | 233.71 |
| 2015 | 2 | 0.06% | 56.12 | 234.72 |
| 2015 | 3 | 0.88% | 56.61 | 236.12 |
| 2015 | 4 | 0.98% | 57.17 | 236.60 |
| 2015 | 5 | -0.44% | 56.92 | 237.81 |
| 2015 | 6 | -0.08% | 56.87 | 238.64 |
| 2015 | 7 | -2.42% | 55.49 | 238.65 |
| 2015 | 8 | -4.51% | 52.99 | 238.32 |
| 2015 | 9 | 4.32% | 55.28 | 237.95 |
| 2015 | 10 | 2.93% | 56.90 | 237.84 |
| 2015 | 11 | -1.10% | 56.27 | 237.34 |
| 2015 | 12 | -6.42% | 52.66 | 236.53 |
| 2016 | 1 | -0.55% | 52.37 | 236.92 |
| 2016 | 2 | 6.36% | 55.70 | 237.11 |
| 2016 | 3 | 2.83% | 57.28 | 238.13 |
| 2016 | 4 | -0.30% | 57.11 | 239.26 |
| 2016 | 5 | 1.07% | 57.71 | 240.23 |
| 2016 | 6 | 3.30% | 59.62 | 241.02 |
| 2016 | 7 | 1.20% | 60.33 | 240.63 |
| 2016 | 8 | -0.44% | 60.07 | 240.85 |
| 2016 | 9 | -0.51% | 59.76 | 241.43 |
| 2016 | 10 | 1.20% | 60.48 | 241.73 |
| 2016 | 11 | 3.95% | 62.87 | 241.35 |
| 2016 | 12 | 1.44% | 63.77 | 241.43 |
| 2017 | 1 | 2.58% | 65.41 | 242.84 |
| 2017 | 2 | 1.75% | 66.56 | 243.60 |
| 2017 | 3 | -0.15% | 66.46 | 243.80 |
| 2017 | 4 | 1.69% | 67.58 | 244.52 |
| 2017 | 5 | 1.78% | 68.78 | 244.73 |
| 2017 | 6 | 0.99% | 69.46 | 244.96 |
| 2017 | 7 | 0.25% | 69.63 | 244.79 |
| 2017 | 8 | 1.65% | 70.78 | 245.52 |
| 2017 | 9 | 2.73% | 72.72 | 246.82 |
| 2017 | 10 | 1.59% | 73.88 | 246.66 |
| 2017 | 11 | 2.88% | 76.01 | 246.67 |
| 2017 | 12 | 4.86% | 79.70 | 246.52 |
| 2018 | 1 | -2.89% | 77.40 | 247.87 |
| 2018 | 2 | 0.06% | 77.45 | 248.99 |
| 2018 | 3 | -1.66% | 76.16 | 249.55 |
| 2018 | 4 | 1.96% | 77.66 | 250.55 |
| 2018 | 5 | 2.11% | 79.30 | 251.59 |
| 2018 | 6 | 1.58% | 80.55 | 251.99 |
| 2018 | 7 | 2.45% | 82.53 | 252.01 |
| 2018 | 8 | 1.68% | 83.91 | 252.15 |
| 2018 | 9 | -3.85% | 80.68 | 252.44 |
| 2018 | 10 | -2.08% | 79.01 | 252.89 |
| 2018 | 11 | -5.56% | 74.61 | 252.04 |
| 2018 | 12 | 1.74% | 75.91 | 251.23 |
| 2019 | 1 | 5.83% | 80.33 | 251.71 |
| 2019 | 2 | 1.95% | 81.90 | 252.78 |
| 2019 | 3 | 3.72% | 84.95 | 254.20 |
| 2019 | 4 | -1.53% | 83.64 | 255.55 |
| 2019 | 5 | 1.40% | 84.82 | 256.09 |
| 2019 | 6 | 3.83% | 88.07 | 256.14 |
| 2019 | 7 | -3.13% | 85.31 | 256.57 |
| 2019 | 8 | 3.09% | 87.94 | 256.56 |
| 2019 | 9 | 0.01% | 87.95 | 256.76 |
| 2019 | 10 | 4.43% | 91.84 | 257.35 |
| 2019 | 11 | 2.47% | 94.11 | 257.21 |
| 2019 | 12 | 3.35% | 97.26 | 256.97 |
| 2020 | 1 | 0.12% | 97.38 | 257.97 |
| 2020 | 2 | -18.92% | 78.96 | 258.68 |
| 2020 | 3 | 4.32% | 82.37 | 258.12 |
| 2020 | 4 | 5.89% | 87.22 | 256.39 |
| 2020 | 5 | 6.51% | 92.89 | 256.39 |
| 2020 | 6 | 3.48% | 96.12 | 257.80 |
| 2020 | 7 | 5.89% | 101.79 | 259.10 |
| 2020 | 8 | -0.63% | 101.15 | 259.92 |
| 2020 | 9 | 1.73% | 102.90 | 260.28 |
| 2020 | 10 | 3.95% | 106.97 | 260.39 |
| 2020 | 11 | 4.26% | 111.52 | 260.23 |
| 2020 | 12 | 2.80% | 114.64 | 260.47 |
| 2021 | 1 | 2.49% | 117.50 | 261.58 |
| 2021 | 2 | 0.82% | 118.46 | 263.01 |
| 2021 | 3 | 6.02% | 125.59 | 264.88 |
| 2021 | 4 | 0.76% | 126.55 | 267.05 |
| 2021 | 5 | 1.81% | 128.84 | 269.20 |
| 2021 | 6 | 3.07% | 132.79 | 271.70 |
| 2021 | 7 | 2.19% | 135.69 | 273.00 |
| 2021 | 8 | -0.08% | 135.58 | 273.57 |
| 2021 | 9 | 0.45% | 136.19 | 274.31 |
| 2021 | 10 | 4.74% | 142.65 | 276.59 |
| 2021 | 11 | 0.27% | 143.03 | 277.95 |
| 2021 | 12 | -2.05% | 140.10 | 278.80 |
| 2022 | 1 | -2.90% | 136.03 | 281.15 |
| 2022 | 2 | -0.89% | 134.82 | 283.72 |
| 2022 | 3 | 0.12% | 134.98 | 287.50 |
| 2022 | 4 | -4.91% | 128.34 | 289.11 |
Click to show 510 more rows
Dollar-cost averaging
Dollar-cost averaging is an alternative to investing the full lump-sum of $1.00 up-front. Instead, the capital is invested over a period of time.
Consider a strategy in which $1.00 was invested in the S&P 500 over a period of no more than 24 months beginning in 1979. This would result in a final amount of $109.75, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $128.34).
| Year | Month | Contribution ($) | Amount ($) |
|---|---|---|---|
| 1979 | 1 | 0.04 | 0.04 |
| 1979 | 2 | 0.04 | 0.08 |
| 1979 | 3 | 0.04 | 0.12 |
| 1979 | 4 | 0.04 | 0.16 |
| 1979 | 5 | 0.04 | 0.21 |
| 1979 | 6 | 0.04 | 0.25 |
| 1979 | 7 | 0.04 | 0.30 |
| 1979 | 8 | 0.04 | 0.35 |
| 1979 | 9 | 0.04 | 0.37 |
| 1979 | 10 | 0.04 | 0.41 |
| 1979 | 11 | 0.04 | 0.47 |
| 1979 | 12 | 0.04 | 0.53 |
| 1980 | 1 | 0.04 | 0.59 |
| 1980 | 2 | 0.04 | 0.58 |
| 1980 | 3 | 0.04 | 0.61 |
| 1980 | 4 | 0.04 | 0.68 |
| 1980 | 5 | 0.04 | 0.77 |
| 1980 | 6 | 0.04 | 0.85 |
| 1980 | 7 | 0.04 | 0.93 |
| 1980 | 8 | 0.04 | 0.99 |
| 1980 | 9 | 0.04 | 1.07 |
| 1980 | 10 | 0.04 | 1.16 |
| 1980 | 11 | 0.04 | 1.18 |
| 1980 | 12 | 0.04 | 1.22 |
| 1981 | 1 | 0.04 | 1.22 |
| 1981 | 2 | - | 1.27 |
| 1981 | 3 | - | 1.29 |
| 1981 | 4 | - | 1.27 |
| 1981 | 5 | - | 1.28 |
| 1981 | 6 | - | 1.25 |
| 1981 | 7 | - | 1.26 |
| 1981 | 8 | - | 1.16 |
| 1981 | 9 | - | 1.18 |
| 1981 | 10 | - | 1.22 |
| 1981 | 11 | - | 1.23 |
| 1981 | 12 | - | 1.17 |
| 1982 | 1 | - | 1.15 |
| 1982 | 2 | - | 1.12 |
| 1982 | 3 | - | 1.18 |
| 1982 | 4 | - | 1.18 |
| 1982 | 5 | - | 1.12 |
| 1982 | 6 | - | 1.13 |
| 1982 | 7 | - | 1.13 |
| 1982 | 8 | - | 1.27 |
| 1982 | 9 | - | 1.38 |
| 1982 | 10 | - | 1.45 |
| 1982 | 11 | - | 1.47 |
| 1982 | 12 | - | 1.52 |
| 1983 | 1 | - | 1.56 |
| 1983 | 2 | - | 1.62 |
| 1983 | 3 | - | 1.68 |
| 1983 | 4 | - | 1.76 |
| 1983 | 5 | - | 1.79 |
| 1983 | 6 | - | 1.80 |
| 1983 | 7 | - | 1.76 |
| 1983 | 8 | - | 1.82 |
| 1983 | 9 | - | 1.83 |
| 1983 | 10 | - | 1.81 |
| 1983 | 11 | - | 1.81 |
| 1983 | 12 | - | 1.83 |
| 1984 | 1 | - | 1.74 |
| 1984 | 2 | - | 1.75 |
| 1984 | 3 | - | 1.76 |
| 1984 | 4 | - | 1.75 |
| 1984 | 5 | - | 1.72 |
| 1984 | 6 | - | 1.70 |
| 1984 | 7 | - | 1.86 |
| 1984 | 8 | - | 1.89 |
| 1984 | 9 | - | 1.88 |
| 1984 | 10 | - | 1.90 |
| 1984 | 11 | - | 1.89 |
| 1984 | 12 | - | 1.98 |
| 1985 | 1 | - | 2.09 |
| 1985 | 2 | - | 2.08 |
| 1985 | 3 | - | 2.10 |
| 1985 | 4 | - | 2.16 |
| 1985 | 5 | - | 2.22 |
| 1985 | 6 | - | 2.27 |
| 1985 | 7 | - | 2.22 |
| 1985 | 8 | - | 2.18 |
| 1985 | 9 | - | 2.22 |
| 1985 | 10 | - | 2.36 |
| 1985 | 11 | - | 2.48 |
| 1985 | 12 | - | 2.50 |
| 1986 | 1 | - | 2.64 |
| 1986 | 2 | - | 2.81 |
| 1986 | 3 | - | 2.88 |
| 1986 | 4 | - | 2.90 |
| 1986 | 5 | - | 2.99 |
| 1986 | 6 | - | 2.94 |
| 1986 | 7 | - | 3.00 |
| 1986 | 8 | - | 2.93 |
| 1986 | 9 | - | 2.93 |
| 1986 | 10 | - | 3.03 |
| 1986 | 11 | - | 3.08 |
| 1986 | 12 | - | 3.29 |
| 1987 | 1 | - | 3.50 |
| 1987 | 2 | - | 3.65 |
| 1987 | 3 | - | 3.62 |
| 1987 | 4 | - | 3.63 |
| 1987 | 5 | - | 3.79 |
| 1987 | 6 | - | 3.91 |
| 1987 | 7 | - | 4.16 |
| 1987 | 8 | - | 4.03 |
| 1987 | 9 | - | 3.56 |
| 1987 | 10 | - | 3.12 |
| 1987 | 11 | - | 3.08 |
| 1987 | 12 | - | 3.21 |
| 1988 | 1 | - | 3.31 |
| 1988 | 2 | - | 3.42 |
| 1988 | 3 | - | 3.39 |
| 1988 | 4 | - | 3.32 |
| 1988 | 5 | - | 3.52 |
| 1988 | 6 | - | 3.51 |
| 1988 | 7 | - | 3.45 |
| 1988 | 8 | - | 3.51 |
| 1988 | 9 | - | 3.65 |
| 1988 | 10 | - | 3.57 |
| 1988 | 11 | - | 3.65 |
| 1988 | 12 | - | 3.78 |
| 1989 | 1 | - | 3.91 |
| 1989 | 2 | - | 3.90 |
| 1989 | 3 | - | 4.04 |
| 1989 | 4 | - | 4.21 |
| 1989 | 5 | - | 4.35 |
| 1989 | 6 | - | 4.47 |
| 1989 | 7 | - | 4.68 |
| 1989 | 8 | - | 4.70 |
| 1989 | 9 | - | 4.72 |
| 1989 | 10 | - | 4.63 |
| 1989 | 11 | - | 4.76 |
| 1989 | 12 | - | 4.65 |
| 1990 | 1 | - | 4.53 |
| 1990 | 2 | - | 4.66 |
| 1990 | 3 | - | 4.67 |
| 1990 | 4 | - | 4.85 |
| 1990 | 5 | - | 5.00 |
| 1990 | 6 | - | 5.01 |
| 1990 | 7 | - | 4.61 |
| 1990 | 8 | - | 4.41 |
| 1990 | 9 | - | 4.31 |
| 1990 | 10 | - | 4.44 |
| 1990 | 11 | - | 4.64 |
| 1990 | 12 | - | 4.61 |
| 1991 | 1 | - | 5.15 |
| 1991 | 2 | - | 5.30 |
| 1991 | 3 | - | 5.42 |
| 1991 | 4 | - | 5.41 |
| 1991 | 5 | - | 5.43 |
| 1991 | 6 | - | 5.48 |
| 1991 | 7 | - | 5.62 |
| 1991 | 8 | - | 5.61 |
| 1991 | 9 | - | 5.62 |
| 1991 | 10 | - | 5.62 |
| 1991 | 11 | - | 5.67 |
| 1991 | 12 | - | 6.09 |
| 1992 | 1 | - | 6.05 |
| 1992 | 2 | - | 5.99 |
| 1992 | 3 | - | 6.00 |
| 1992 | 4 | - | 6.13 |
| 1992 | 5 | - | 6.05 |
| 1992 | 6 | - | 6.16 |
| 1992 | 7 | - | 6.22 |
| 1992 | 8 | - | 6.24 |
| 1992 | 9 | - | 6.17 |
| 1992 | 10 | - | 6.34 |
| 1992 | 11 | - | 6.55 |
| 1992 | 12 | - | 6.56 |
| 1993 | 1 | - | 6.67 |
| 1993 | 2 | - | 6.81 |
| 1993 | 3 | - | 6.72 |
| 1993 | 4 | - | 6.77 |
| 1993 | 5 | - | 6.83 |
| 1993 | 6 | - | 6.83 |
| 1993 | 7 | - | 6.95 |
| 1993 | 8 | - | 7.05 |
| 1993 | 9 | - | 7.14 |
| 1993 | 10 | - | 7.14 |
| 1993 | 11 | - | 7.20 |
| 1993 | 12 | - | 7.32 |
| 1994 | 1 | - | 7.32 |
| 1994 | 2 | - | 7.21 |
| 1994 | 3 | - | 6.97 |
| 1994 | 4 | - | 7.05 |
| 1994 | 5 | - | 7.13 |
| 1994 | 6 | - | 7.09 |
| 1994 | 7 | - | 7.31 |
| 1994 | 8 | - | 7.37 |
| 1994 | 9 | - | 7.33 |
| 1994 | 10 | - | 7.31 |
| 1994 | 11 | - | 7.23 |
| 1994 | 12 | - | 7.41 |
| 1995 | 1 | - | 7.69 |
| 1995 | 2 | - | 7.89 |
| 1995 | 3 | - | 8.14 |
| 1995 | 4 | - | 8.42 |
| 1995 | 5 | - | 8.68 |
| 1995 | 6 | - | 8.99 |
| 1995 | 7 | - | 9.04 |
| 1995 | 8 | - | 9.37 |
| 1995 | 9 | - | 9.46 |
| 1995 | 10 | - | 9.68 |
| 1995 | 11 | - | 10.01 |
| 1995 | 12 | - | 10.03 |
| 1996 | 1 | - | 10.62 |
| 1996 | 2 | - | 10.60 |
| 1996 | 3 | - | 10.62 |
| 1996 | 4 | - | 10.87 |
| 1996 | 5 | - | 11.01 |
| 1996 | 6 | - | 10.62 |
| 1996 | 7 | - | 10.95 |
| 1996 | 8 | - | 11.17 |
| 1996 | 9 | - | 11.63 |
| 1996 | 10 | - | 12.22 |
| 1996 | 11 | - | 12.37 |
| 1996 | 12 | - | 12.77 |
| 1997 | 1 | - | 13.33 |
| 1997 | 2 | - | 13.24 |
| 1997 | 3 | - | 12.79 |
| 1997 | 4 | - | 13.97 |
| 1997 | 5 | - | 14.72 |
| 1997 | 6 | - | 15.56 |
| 1997 | 7 | - | 15.61 |
| 1997 | 8 | - | 15.80 |
| 1997 | 9 | - | 16.06 |
| 1997 | 10 | - | 15.88 |
| 1997 | 11 | - | 16.29 |
| 1997 | 12 | - | 16.33 |
| 1998 | 1 | - | 17.38 |
| 1998 | 2 | - | 18.30 |
| 1998 | 3 | - | 18.93 |
| 1998 | 4 | - | 18.88 |
| 1998 | 5 | - | 18.91 |
| 1998 | 6 | - | 19.75 |
| 1998 | 7 | - | 18.37 |
| 1998 | 8 | - | 17.47 |
| 1998 | 9 | - | 17.70 |
| 1998 | 10 | - | 19.64 |
| 1998 | 11 | - | 20.45 |
| 1998 | 12 | - | 21.48 |
| 1999 | 1 | - | 21.46 |
| 1999 | 2 | - | 22.09 |
| 1999 | 3 | - | 23.03 |
| 1999 | 4 | - | 23.01 |
| 1999 | 5 | - | 22.87 |
| 1999 | 6 | - | 23.90 |
| 1999 | 7 | - | 23.00 |
| 1999 | 8 | - | 22.86 |
| 1999 | 9 | - | 22.57 |
| 1999 | 10 | - | 24.18 |
| 1999 | 11 | - | 24.85 |
| 1999 | 12 | - | 24.82 |
| 2000 | 1 | - | 24.21 |
| 2000 | 2 | - | 25.16 |
| 2000 | 3 | - | 25.52 |
| 2000 | 4 | - | 24.80 |
| 2000 | 5 | - | 25.58 |
| 2000 | 6 | - | 25.80 |
| 2000 | 7 | - | 26.04 |
| 2000 | 8 | - | 25.76 |
| 2000 | 9 | - | 24.42 |
| 2000 | 10 | - | 24.23 |
| 2000 | 11 | - | 23.42 |
| 2000 | 12 | - | 23.53 |
| 2001 | 1 | - | 23.03 |
| 2001 | 2 | - | 20.94 |
| 2001 | 3 | - | 21.03 |
| 2001 | 4 | - | 22.48 |
| 2001 | 5 | - | 21.94 |
| 2001 | 6 | - | 21.36 |
| 2001 | 7 | - | 20.92 |
| 2001 | 8 | - | 18.57 |
| 2001 | 9 | - | 19.16 |
| 2001 | 10 | - | 20.13 |
| 2001 | 11 | - | 20.42 |
| 2001 | 12 | - | 20.36 |
| 2002 | 1 | - | 19.68 |
| 2002 | 2 | - | 20.65 |
| 2002 | 3 | - | 19.93 |
| 2002 | 4 | - | 19.36 |
| 2002 | 5 | - | 18.22 |
| 2002 | 6 | - | 16.26 |
| 2002 | 7 | - | 16.44 |
| 2002 | 8 | - | 15.66 |
| 2002 | 9 | - | 15.45 |
| 2002 | 10 | - | 16.47 |
| 2002 | 11 | - | 16.30 |
| 2002 | 12 | - | 16.26 |
| 2003 | 1 | - | 15.22 |
| 2003 | 2 | - | 15.42 |
| 2003 | 3 | - | 16.23 |
| 2003 | 4 | - | 17.10 |
| 2003 | 5 | - | 18.07 |
| 2003 | 6 | - | 18.18 |
| 2003 | 7 | - | 18.15 |
| 2003 | 8 | - | 18.72 |
| 2003 | 9 | - | 19.10 |
| 2003 | 10 | - | 19.33 |
| 2003 | 11 | - | 19.93 |
| 2003 | 12 | - | 20.91 |
| 2004 | 1 | - | 21.14 |
| 2004 | 2 | - | 20.81 |
| 2004 | 3 | - | 21.01 |
| 2004 | 4 | - | 20.47 |
| 2004 | 5 | - | 21.05 |
| 2004 | 6 | - | 20.58 |
| 2004 | 7 | - | 20.30 |
| 2004 | 8 | - | 20.86 |
| 2004 | 9 | - | 20.88 |
| 2004 | 10 | - | 21.88 |
| 2004 | 11 | - | 22.48 |
| 2004 | 12 | - | 22.17 |
| 2005 | 1 | - | 22.55 |
| 2005 | 2 | - | 22.49 |
| 2005 | 3 | - | 21.95 |
| 2005 | 4 | - | 22.24 |
| 2005 | 5 | - | 22.72 |
| 2005 | 6 | - | 23.14 |
| 2005 | 7 | - | 23.21 |
| 2005 | 8 | - | 23.27 |
| 2005 | 9 | - | 22.66 |
| 2005 | 10 | - | 23.56 |
| 2005 | 11 | - | 24.06 |
| 2005 | 12 | - | 24.42 |
| 2006 | 1 | - | 24.41 |
| 2006 | 2 | - | 24.78 |
| 2006 | 3 | - | 24.97 |
| 2006 | 4 | - | 24.78 |
| 2006 | 5 | - | 24.11 |
| 2006 | 6 | - | 24.28 |
| 2006 | 7 | - | 24.84 |
| 2006 | 8 | - | 25.47 |
| 2006 | 9 | - | 26.39 |
| 2006 | 10 | - | 26.91 |
| 2006 | 11 | - | 27.49 |
| 2006 | 12 | - | 27.68 |
| 2007 | 1 | - | 28.12 |
| 2007 | 2 | - | 27.43 |
| 2007 | 3 | - | 28.58 |
| 2007 | 4 | - | 29.54 |
| 2007 | 5 | - | 29.65 |
| 2007 | 6 | - | 29.82 |
| 2007 | 7 | - | 28.56 |
| 2007 | 8 | - | 29.44 |
| 2007 | 9 | - | 30.32 |
| 2007 | 10 | - | 28.87 |
| 2007 | 11 | - | 29.22 |
| 2007 | 12 | - | 27.28 |
| 2008 | 1 | - | 26.86 |
| 2008 | 2 | - | 26.15 |
| 2008 | 3 | - | 27.26 |
| 2008 | 4 | - | 27.96 |
| 2008 | 5 | - | 26.77 |
| 2008 | 6 | - | 25.15 |
| 2008 | 7 | - | 25.68 |
| 2008 | 8 | - | 24.43 |
| 2008 | 9 | - | 19.50 |
| 2008 | 10 | - | 17.82 |
| 2008 | 11 | - | 17.76 |
| 2008 | 12 | - | 17.56 |
| 2009 | 1 | - | 16.39 |
| 2009 | 2 | - | 15.45 |
| 2009 | 3 | - | 17.36 |
| 2009 | 4 | - | 18.51 |
| 2009 | 5 | - | 19.05 |
| 2009 | 6 | - | 19.29 |
| 2009 | 7 | - | 20.86 |
| 2009 | 8 | - | 21.62 |
| 2009 | 9 | - | 22.14 |
| 2009 | 10 | - | 22.60 |
| 2009 | 11 | - | 23.10 |
| 2009 | 12 | - | 23.42 |
| 2010 | 1 | - | 22.74 |
| 2010 | 2 | - | 24.09 |
| 2010 | 3 | - | 25.07 |
| 2010 | 4 | - | 23.60 |
| 2010 | 5 | - | 22.76 |
| 2010 | 6 | - | 22.73 |
| 2010 | 7 | - | 22.92 |
| 2010 | 8 | - | 23.69 |
| 2010 | 9 | - | 24.78 |
| 2010 | 10 | - | 25.40 |
| 2010 | 11 | - | 26.34 |
| 2010 | 12 | - | 27.25 |
| 2011 | 1 | - | 28.11 |
| 2011 | 2 | - | 27.80 |
| 2011 | 3 | - | 28.42 |
| 2011 | 4 | - | 28.60 |
| 2011 | 5 | - | 27.55 |
| 2011 | 6 | - | 28.41 |
| 2011 | 7 | - | 25.45 |
| 2011 | 8 | - | 25.25 |
| 2011 | 9 | - | 26.02 |
| 2011 | 10 | - | 26.48 |
| 2011 | 11 | - | 26.89 |
| 2011 | 12 | - | 28.17 |
| 2012 | 1 | - | 29.35 |
| 2012 | 2 | - | 30.19 |
| 2012 | 3 | - | 30.18 |
| 2012 | 4 | - | 29.25 |
| 2012 | 5 | - | 28.91 |
| 2012 | 6 | - | 29.76 |
| 2012 | 7 | - | 30.76 |
| 2012 | 8 | - | 31.69 |
| 2012 | 9 | - | 31.62 |
| 2012 | 10 | - | 30.73 |
| 2012 | 11 | - | 31.40 |
| 2012 | 12 | - | 32.74 |
| 2013 | 1 | - | 33.50 |
| 2013 | 2 | - | 34.41 |
| 2013 | 3 | - | 34.91 |
| 2013 | 4 | - | 36.51 |
| 2013 | 5 | - | 36.10 |
| 2013 | 6 | - | 37.28 |
| 2013 | 7 | - | 37.37 |
| 2013 | 8 | - | 37.82 |
| 2013 | 9 | - | 38.62 |
| 2013 | 10 | - | 40.11 |
| 2013 | 11 | - | 40.72 |
| 2013 | 12 | - | 41.11 |
| 2014 | 1 | - | 41.06 |
| 2014 | 2 | - | 42.18 |
| 2014 | 3 | - | 42.26 |
| 2014 | 4 | - | 42.91 |
| 2014 | 5 | - | 44.28 |
| 2014 | 6 | - | 44.94 |
| 2014 | 7 | - | 44.75 |
| 2014 | 8 | - | 45.55 |
| 2014 | 9 | - | 44.34 |
| 2014 | 10 | - | 46.87 |
| 2014 | 11 | - | 47.17 |
| 2014 | 12 | - | 46.64 |
| 2015 | 1 | - | 47.96 |
| 2015 | 2 | - | 47.99 |
| 2015 | 3 | - | 48.41 |
| 2015 | 4 | - | 48.88 |
| 2015 | 5 | - | 48.67 |
| 2015 | 6 | - | 48.63 |
| 2015 | 7 | - | 47.45 |
| 2015 | 8 | - | 45.31 |
| 2015 | 9 | - | 47.27 |
| 2015 | 10 | - | 48.66 |
| 2015 | 11 | - | 48.12 |
| 2015 | 12 | - | 45.03 |
| 2016 | 1 | - | 44.78 |
| 2016 | 2 | - | 47.63 |
| 2016 | 3 | - | 48.98 |
| 2016 | 4 | - | 48.83 |
| 2016 | 5 | - | 49.35 |
| 2016 | 6 | - | 50.98 |
| 2016 | 7 | - | 51.59 |
| 2016 | 8 | - | 51.37 |
| 2016 | 9 | - | 51.11 |
| 2016 | 10 | - | 51.72 |
| 2016 | 11 | - | 53.76 |
| 2016 | 12 | - | 54.53 |
| 2017 | 1 | - | 55.94 |
| 2017 | 2 | - | 56.92 |
| 2017 | 3 | - | 56.83 |
| 2017 | 4 | - | 57.79 |
| 2017 | 5 | - | 58.82 |
| 2017 | 6 | - | 59.40 |
| 2017 | 7 | - | 59.55 |
| 2017 | 8 | - | 60.53 |
| 2017 | 9 | - | 62.19 |
| 2017 | 10 | - | 63.17 |
| 2017 | 11 | - | 65.00 |
| 2017 | 12 | - | 68.16 |
| 2018 | 1 | - | 66.19 |
| 2018 | 2 | - | 66.23 |
| 2018 | 3 | - | 65.13 |
| 2018 | 4 | - | 66.41 |
| 2018 | 5 | - | 67.81 |
| 2018 | 6 | - | 68.88 |
| 2018 | 7 | - | 70.57 |
| 2018 | 8 | - | 71.76 |
| 2018 | 9 | - | 68.99 |
| 2018 | 10 | - | 67.56 |
| 2018 | 11 | - | 63.80 |
| 2018 | 12 | - | 64.91 |
| 2019 | 1 | - | 68.69 |
| 2019 | 2 | - | 70.03 |
| 2019 | 3 | - | 72.64 |
| 2019 | 4 | - | 71.53 |
| 2019 | 5 | - | 72.53 |
| 2019 | 6 | - | 75.31 |
| 2019 | 7 | - | 72.95 |
| 2019 | 8 | - | 75.20 |
| 2019 | 9 | - | 75.21 |
| 2019 | 10 | - | 78.54 |
| 2019 | 11 | - | 80.48 |
| 2019 | 12 | - | 83.17 |
| 2020 | 1 | - | 83.27 |
| 2020 | 2 | - | 67.52 |
| 2020 | 3 | - | 70.44 |
| 2020 | 4 | - | 74.58 |
| 2020 | 5 | - | 79.44 |
| 2020 | 6 | - | 82.20 |
| 2020 | 7 | - | 87.04 |
| 2020 | 8 | - | 86.50 |
| 2020 | 9 | - | 87.99 |
| 2020 | 10 | - | 91.47 |
| 2020 | 11 | - | 95.37 |
| 2020 | 12 | - | 98.03 |
| 2021 | 1 | - | 100.47 |
| 2021 | 2 | - | 101.30 |
| 2021 | 3 | - | 107.40 |
| 2021 | 4 | - | 108.22 |
| 2021 | 5 | - | 110.18 |
| 2021 | 6 | - | 113.56 |
| 2021 | 7 | - | 116.04 |
| 2021 | 8 | - | 115.94 |
| 2021 | 9 | - | 116.46 |
| 2021 | 10 | - | 121.99 |
| 2021 | 11 | - | 122.31 |
| 2021 | 12 | - | 119.80 |
| 2022 | 1 | - | 116.33 |
| 2022 | 2 | - | 115.29 |
| 2022 | 3 | - | 115.42 |
| 2022 | 4 | - | 109.75 |
Click to show 510 more rows
Data Sources
The information on this page is derived from Robert Shiller's book, Irrational Exuberance and the accompanying dataset, as well as the U.S. Bureau of Labor Statistics' monthly CPI logs.
Note that S&P index value for the current quarter is based on a moving average of closing prices, per Robert Shiller's methodology. The inflation data used is based on annual CPI averages.
About the author
Ian Webster is an engineer and data expert based in San Mateo, California. He has worked for Google, NASA, and consulted for governments around the world on data pipelines and data analysis. Disappointed by the lack of clear resources on the impacts of inflation on economic indicators, Ian believes this website serves as a valuable public tool. Ian earned his degree in Computer Science from Dartmouth College.
|
Start Value
Average monthly close |
$99.71 |
|
End Value
Average monthly close |
$4,175.48 |
| Change in price |
+4,087.62%
+9.07% / yr |
| Change incl. dividends |
+12,734.37%
+11.85% / yr |
| Change incl. dividends, inflation-adjusted |
+3,087.78%
+8.32% / yr |
|
Final amount, nominal ($1 base) |
$128.34 |
|
Final amount, inflation-adjusted ($1 base) |
$31.88 |