Stock market returns since 1982
If you invested $100 in the S&P 500 at the beginning of 1982, you would have about $9,372.82 at the end of 2022, assuming you reinvested all dividends. This is a return on investment of 9,272.82%, or 11.92% per year.
If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $7,658.34.
This investment result beats inflation during this period for an inflation-adjusted return of about 2,994.39% cumulatively, or 8.88% per year.
Contents
The graph below shows the performance of $100 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 $100 is $9,272.82, or 9,272.82%. This means by 2022 you would have $9,372.82 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 1982 was 96.500 and the CPI in 2022 was 292.296.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 40 years.
Adjusted for inflation, the $9,372.82 nominal end value of the original $100 investment would have a real value of roughly $2,994.39 in 1982 dollars. This means the inflation-adjusted return is 2,994.39% as opposed to the original 9,272.82%.
For more information on inflation, see our U.S. inflation calculator for 1982.
Full monthly data
The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 484-month period between 1982 and 2022.
Note that data shown is the monthly average closing price. Returns include dividends.
| Year | Month | Return (%) | Amount ($) | CPI |
|---|---|---|---|---|
| 1982 | 1 | -1.91% | 98.09 | 94.30 |
| 1982 | 2 | -2.74% | 95.39 | 94.60 |
| 1982 | 3 | 5.47% | 100.61 | 94.50 |
| 1982 | 4 | 0.57% | 101.18 | 94.90 |
| 1982 | 5 | -5.27% | 95.85 | 95.80 |
| 1982 | 6 | 0.24% | 96.09 | 97.00 |
| 1982 | 7 | 0.79% | 96.85 | 97.50 |
| 1982 | 8 | 12.10% | 108.56 | 97.70 |
| 1982 | 9 | 8.88% | 118.21 | 97.90 |
| 1982 | 10 | 4.50% | 123.52 | 98.20 |
| 1982 | 11 | 1.36% | 125.20 | 98.00 |
| 1982 | 12 | 3.93% | 130.11 | 97.60 |
| 1983 | 1 | 2.13% | 132.89 | 97.80 |
| 1983 | 2 | 3.87% | 138.02 | 97.90 |
| 1983 | 3 | 4.20% | 143.82 | 97.90 |
| 1983 | 4 | 4.42% | 150.18 | 98.60 |
| 1983 | 5 | 1.75% | 152.81 | 99.20 |
| 1983 | 6 | 0.71% | 153.89 | 99.50 |
| 1983 | 7 | -2.41% | 150.19 | 99.90 |
| 1983 | 8 | 3.31% | 155.17 | 100.20 |
| 1983 | 9 | 0.65% | 156.17 | 100.70 |
| 1983 | 10 | -1.14% | 154.39 | 101.00 |
| 1983 | 11 | -0.13% | 154.19 | 101.20 |
| 1983 | 12 | 1.58% | 156.62 | 101.30 |
| 1984 | 1 | -5.11% | 148.61 | 101.90 |
| 1984 | 2 | 0.44% | 149.27 | 102.40 |
| 1984 | 3 | 0.51% | 150.03 | 102.60 |
| 1984 | 4 | -0.25% | 149.65 | 103.10 |
| 1984 | 5 | -1.85% | 146.88 | 103.40 |
| 1984 | 6 | -0.91% | 145.55 | 103.70 |
| 1984 | 7 | 9.21% | 158.95 | 104.10 |
| 1984 | 8 | 1.41% | 161.19 | 104.50 |
| 1984 | 9 | -0.41% | 160.52 | 105.00 |
| 1984 | 10 | 1.29% | 162.59 | 105.30 |
| 1984 | 11 | -0.71% | 161.43 | 105.30 |
| 1984 | 12 | 4.70% | 169.02 | 105.30 |
| 1985 | 1 | 5.79% | 178.80 | 105.50 |
| 1985 | 2 | -0.48% | 177.94 | 106.00 |
| 1985 | 3 | 1.02% | 179.77 | 106.40 |
| 1985 | 4 | 2.74% | 184.69 | 106.90 |
| 1985 | 5 | 2.51% | 189.32 | 107.30 |
| 1985 | 6 | 2.25% | 193.58 | 107.60 |
| 1985 | 7 | -1.85% | 190.01 | 107.80 |
| 1985 | 8 | -1.88% | 186.42 | 108.00 |
| 1985 | 9 | 1.50% | 189.21 | 108.30 |
| 1985 | 10 | 6.42% | 201.36 | 108.70 |
| 1985 | 11 | 5.29% | 212.02 | 109.00 |
| 1985 | 12 | 0.75% | 213.62 | 109.30 |
| 1986 | 1 | 5.70% | 225.79 | 109.60 |
| 1986 | 2 | 6.18% | 239.75 | 109.30 |
| 1986 | 3 | 2.74% | 246.32 | 108.80 |
| 1986 | 4 | 0.49% | 247.53 | 108.60 |
| 1986 | 5 | 3.13% | 255.28 | 108.90 |
| 1986 | 6 | -1.80% | 250.68 | 109.50 |
| 1986 | 7 | 2.28% | 256.40 | 109.50 |
| 1986 | 8 | -2.46% | 250.10 | 109.70 |
| 1986 | 9 | -0.09% | 249.88 | 110.20 |
| 1986 | 10 | 3.53% | 258.70 | 110.30 |
| 1986 | 11 | 1.71% | 263.12 | 110.40 |
| 1986 | 12 | 6.67% | 280.68 | 110.50 |
| 1987 | 1 | 6.46% | 298.82 | 111.20 |
| 1987 | 2 | 4.38% | 311.90 | 111.60 |
| 1987 | 3 | -0.86% | 309.23 | 112.10 |
| 1987 | 4 | 0.17% | 309.76 | 112.70 |
| 1987 | 5 | 4.50% | 323.70 | 113.10 |
| 1987 | 6 | 3.12% | 333.80 | 113.50 |
| 1987 | 7 | 6.45% | 355.35 | 113.80 |
| 1987 | 8 | -3.03% | 344.58 | 114.40 |
| 1987 | 9 | -11.85% | 303.73 | 115.00 |
| 1987 | 10 | -12.30% | 266.36 | 115.30 |
| 1987 | 11 | -1.33% | 262.81 | 115.40 |
| 1987 | 12 | 4.25% | 273.97 | 115.40 |
| 1988 | 1 | 3.33% | 283.09 | 115.70 |
| 1988 | 2 | 3.23% | 292.24 | 116.00 |
| 1988 | 3 | -0.89% | 289.65 | 116.50 |
| 1988 | 4 | -2.19% | 283.31 | 117.10 |
| 1988 | 5 | 6.00% | 300.30 | 117.50 |
| 1988 | 6 | -0.31% | 299.38 | 118.00 |
| 1988 | 7 | -1.72% | 294.24 | 118.50 |
| 1988 | 8 | 1.93% | 299.91 | 119.00 |
| 1988 | 9 | 3.80% | 311.31 | 119.80 |
| 1988 | 10 | -2.02% | 305.02 | 120.20 |
| 1988 | 11 | 2.33% | 312.11 | 120.30 |
| 1988 | 12 | 3.51% | 323.08 | 120.50 |
| 1989 | 1 | 3.30% | 333.74 | 121.10 |
| 1989 | 2 | -0.16% | 333.20 | 121.60 |
| 1989 | 3 | 3.56% | 345.08 | 122.30 |
| 1989 | 4 | 4.12% | 359.28 | 123.10 |
| 1989 | 5 | 3.39% | 371.46 | 123.80 |
| 1989 | 6 | 2.80% | 381.87 | 124.10 |
| 1989 | 7 | 4.69% | 399.78 | 124.40 |
| 1989 | 8 | 0.46% | 401.60 | 124.60 |
| 1989 | 9 | 0.29% | 402.75 | 125.00 |
| 1989 | 10 | -1.81% | 395.45 | 125.60 |
| 1989 | 11 | 2.74% | 406.27 | 125.90 |
| 1989 | 12 | -2.21% | 397.28 | 126.10 |
| 1990 | 1 | -2.53% | 387.24 | 127.40 |
| 1990 | 2 | 2.71% | 397.73 | 128.00 |
| 1990 | 3 | 0.20% | 398.51 | 128.70 |
| 1990 | 4 | 3.85% | 413.85 | 128.90 |
| 1990 | 5 | 3.17% | 426.97 | 129.20 |
| 1990 | 6 | 0.17% | 427.70 | 129.90 |
| 1990 | 7 | -7.86% | 394.07 | 130.40 |
| 1990 | 8 | -4.34% | 376.97 | 131.60 |
| 1990 | 9 | -2.32% | 368.24 | 132.70 |
| 1990 | 10 | 2.98% | 379.23 | 133.50 |
| 1990 | 11 | 4.59% | 396.62 | 133.80 |
| 1990 | 12 | -0.69% | 393.90 | 133.80 |
| 1991 | 1 | 11.61% | 439.62 | 134.60 |
| 1991 | 2 | 3.04% | 453.01 | 134.80 |
| 1991 | 3 | 2.26% | 463.24 | 135.00 |
| 1991 | 4 | -0.18% | 462.41 | 135.20 |
| 1991 | 5 | 0.35% | 464.01 | 135.60 |
| 1991 | 6 | 0.78% | 467.64 | 136.00 |
| 1991 | 7 | 2.68% | 480.16 | 136.20 |
| 1991 | 8 | -0.30% | 478.71 | 136.60 |
| 1991 | 9 | 0.18% | 479.58 | 137.20 |
| 1991 | 10 | 0.02% | 479.65 | 137.40 |
| 1991 | 11 | 0.94% | 484.14 | 137.80 |
| 1991 | 12 | 7.36% | 519.76 | 137.90 |
| 1992 | 1 | -0.60% | 516.64 | 138.10 |
| 1992 | 2 | -1.01% | 511.41 | 138.60 |
| 1992 | 3 | 0.26% | 512.76 | 139.30 |
| 1992 | 4 | 2.07% | 523.37 | 139.50 |
| 1992 | 5 | -1.33% | 516.41 | 139.70 |
| 1992 | 6 | 1.91% | 526.28 | 140.20 |
| 1992 | 7 | 0.94% | 531.24 | 140.50 |
| 1992 | 8 | 0.38% | 533.25 | 140.90 |
| 1992 | 9 | -1.18% | 526.95 | 141.30 |
| 1992 | 10 | 2.76% | 541.47 | 141.80 |
| 1992 | 11 | 3.27% | 559.19 | 142.00 |
| 1992 | 12 | 0.14% | 559.99 | 141.90 |
| 1993 | 1 | 1.72% | 569.64 | 142.60 |
| 1993 | 2 | 2.15% | 581.89 | 143.10 |
| 1993 | 3 | -1.34% | 574.08 | 143.60 |
| 1993 | 4 | 0.72% | 578.24 | 144.00 |
| 1993 | 5 | 0.87% | 583.24 | 144.20 |
| 1993 | 6 | 0.06% | 583.60 | 144.40 |
| 1993 | 7 | 1.76% | 593.89 | 144.40 |
| 1993 | 8 | 1.35% | 601.93 | 144.80 |
| 1993 | 9 | 1.24% | 609.41 | 145.10 |
| 1993 | 10 | 0.01% | 609.45 | 145.70 |
| 1993 | 11 | 0.89% | 614.86 | 145.80 |
| 1993 | 12 | 1.74% | 625.54 | 145.80 |
| 1994 | 1 | -0.08% | 625.06 | 146.20 |
| 1994 | 2 | -1.42% | 616.16 | 146.70 |
| 1994 | 3 | -3.35% | 595.54 | 147.20 |
| 1994 | 4 | 1.06% | 601.85 | 147.40 |
| 1994 | 5 | 1.11% | 608.51 | 147.50 |
| 1994 | 6 | -0.52% | 605.36 | 148.00 |
| 1994 | 7 | 3.08% | 624.01 | 148.40 |
| 1994 | 8 | 0.82% | 629.12 | 149.00 |
| 1994 | 9 | -0.44% | 626.32 | 149.40 |
| 1994 | 10 | -0.37% | 624.01 | 149.50 |
| 1994 | 11 | -1.03% | 617.60 | 149.70 |
| 1994 | 12 | 2.45% | 632.74 | 149.70 |
| 1995 | 1 | 3.82% | 656.91 | 150.30 |
| 1995 | 2 | 2.56% | 673.71 | 150.90 |
| 1995 | 3 | 3.22% | 695.38 | 151.40 |
| 1995 | 4 | 3.35% | 718.66 | 151.90 |
| 1995 | 5 | 3.18% | 741.50 | 152.20 |
| 1995 | 6 | 3.55% | 767.80 | 152.50 |
| 1995 | 7 | 0.51% | 771.74 | 152.50 |
| 1995 | 8 | 3.72% | 800.43 | 152.90 |
| 1995 | 9 | 0.91% | 807.74 | 153.20 |
| 1995 | 10 | 2.36% | 826.79 | 153.70 |
| 1995 | 11 | 3.39% | 854.81 | 153.60 |
| 1995 | 12 | 0.16% | 856.20 | 153.50 |
| 1996 | 1 | 5.90% | 906.75 | 154.40 |
| 1996 | 2 | -0.20% | 904.93 | 154.90 |
| 1996 | 3 | 0.20% | 906.71 | 155.70 |
| 1996 | 4 | 2.35% | 928.07 | 156.30 |
| 1996 | 5 | 1.28% | 939.93 | 156.60 |
| 1996 | 6 | -3.48% | 907.26 | 156.70 |
| 1996 | 7 | 3.08% | 935.16 | 157.00 |
| 1996 | 8 | 2.02% | 954.09 | 157.30 |
| 1996 | 9 | 4.12% | 993.39 | 157.80 |
| 1996 | 10 | 5.05% | 1,043.58 | 158.30 |
| 1996 | 11 | 1.20% | 1,056.08 | 158.60 |
| 1996 | 12 | 3.26% | 1,090.48 | 158.60 |
| 1997 | 1 | 4.36% | 1,138.04 | 159.10 |
| 1997 | 2 | -0.62% | 1,130.94 | 159.60 |
| 1997 | 3 | -3.41% | 1,092.43 | 160.00 |
| 1997 | 4 | 9.22% | 1,193.13 | 160.20 |
| 1997 | 5 | 5.34% | 1,256.80 | 160.10 |
| 1997 | 6 | 5.74% | 1,328.89 | 160.30 |
| 1997 | 7 | 0.35% | 1,333.52 | 160.50 |
| 1997 | 8 | 1.19% | 1,349.41 | 160.80 |
| 1997 | 9 | 1.65% | 1,371.61 | 161.20 |
| 1997 | 10 | -1.15% | 1,355.81 | 161.60 |
| 1997 | 11 | 2.63% | 1,391.53 | 161.50 |
| 1997 | 12 | 0.24% | 1,394.83 | 161.30 |
| 1998 | 1 | 6.40% | 1,484.13 | 161.60 |
| 1998 | 2 | 5.31% | 1,562.98 | 161.90 |
| 1998 | 3 | 3.41% | 1,616.21 | 162.20 |
| 1998 | 4 | -0.22% | 1,612.63 | 162.50 |
| 1998 | 5 | 0.12% | 1,614.50 | 162.80 |
| 1998 | 6 | 4.47% | 1,686.63 | 163.00 |
| 1998 | 7 | -6.97% | 1,569.06 | 163.20 |
| 1998 | 8 | -4.90% | 1,492.20 | 163.40 |
| 1998 | 9 | 1.29% | 1,511.46 | 163.60 |
| 1998 | 10 | 10.97% | 1,677.34 | 164.00 |
| 1998 | 11 | 4.10% | 1,746.17 | 164.00 |
| 1998 | 12 | 5.05% | 1,834.32 | 163.90 |
| 1999 | 1 | -0.07% | 1,833.09 | 164.30 |
| 1999 | 2 | 2.92% | 1,886.68 | 164.50 |
| 1999 | 3 | 4.25% | 1,966.87 | 165.00 |
| 1999 | 4 | -0.10% | 1,964.92 | 166.20 |
| 1999 | 5 | -0.61% | 1,952.90 | 166.20 |
| 1999 | 6 | 4.52% | 2,041.22 | 166.20 |
| 1999 | 7 | -3.77% | 1,964.18 | 166.70 |
| 1999 | 8 | -0.60% | 1,952.43 | 167.10 |
| 1999 | 9 | -1.27% | 1,927.59 | 167.90 |
| 1999 | 10 | 7.11% | 2,064.56 | 168.20 |
| 1999 | 11 | 2.81% | 2,122.55 | 168.30 |
| 1999 | 12 | -0.12% | 2,120.02 | 168.30 |
| 2000 | 1 | -2.48% | 2,067.49 | 168.80 |
| 2000 | 2 | 3.94% | 2,148.97 | 169.80 |
| 2000 | 3 | 1.42% | 2,179.58 | 171.20 |
| 2000 | 4 | -2.84% | 2,117.71 | 171.30 |
| 2000 | 5 | 3.16% | 2,184.70 | 171.50 |
| 2000 | 6 | 0.85% | 2,203.28 | 172.40 |
| 2000 | 7 | 0.94% | 2,223.98 | 172.80 |
| 2000 | 8 | -1.08% | 2,199.97 | 172.80 |
| 2000 | 9 | -5.21% | 2,085.26 | 173.70 |
| 2000 | 10 | -0.77% | 2,069.15 | 174.00 |
| 2000 | 11 | -3.32% | 2,000.45 | 174.10 |
| 2000 | 12 | 0.46% | 2,009.56 | 174.00 |
| 2001 | 1 | -2.14% | 1,966.63 | 175.10 |
| 2001 | 2 | -9.08% | 1,788.06 | 175.80 |
| 2001 | 3 | 0.45% | 1,796.08 | 176.20 |
| 2001 | 4 | 6.88% | 1,919.64 | 176.90 |
| 2001 | 5 | -2.39% | 1,873.79 | 177.70 |
| 2001 | 6 | -2.66% | 1,823.94 | 178.00 |
| 2001 | 7 | -2.05% | 1,786.62 | 177.50 |
| 2001 | 8 | -11.25% | 1,585.68 | 177.50 |
| 2001 | 9 | 3.18% | 1,636.17 | 178.30 |
| 2001 | 10 | 5.05% | 1,718.84 | 177.70 |
| 2001 | 11 | 1.47% | 1,744.04 | 177.40 |
| 2001 | 12 | -0.30% | 1,738.85 | 176.70 |
| 2002 | 1 | -3.35% | 1,680.55 | 177.10 |
| 2002 | 2 | 4.95% | 1,763.66 | 177.80 |
| 2002 | 3 | -3.51% | 1,701.68 | 178.80 |
| 2002 | 4 | -2.82% | 1,653.68 | 179.80 |
| 2002 | 5 | -5.92% | 1,555.77 | 179.80 |
| 2002 | 6 | -10.76% | 1,388.39 | 179.90 |
| 2002 | 7 | 1.14% | 1,404.20 | 180.10 |
| 2002 | 8 | -4.76% | 1,337.39 | 180.70 |
| 2002 | 9 | -1.37% | 1,319.11 | 181.00 |
| 2002 | 10 | 6.63% | 1,406.51 | 181.30 |
| 2002 | 11 | -1.04% | 1,391.95 | 181.30 |
| 2002 | 12 | -0.22% | 1,388.85 | 180.90 |
| 2003 | 1 | -6.41% | 1,299.76 | 181.70 |
| 2003 | 2 | 1.31% | 1,316.76 | 183.10 |
| 2003 | 3 | 5.29% | 1,386.36 | 184.20 |
| 2003 | 4 | 5.31% | 1,460.01 | 183.80 |
| 2003 | 5 | 5.70% | 1,543.29 | 183.50 |
| 2003 | 6 | 0.60% | 1,552.49 | 183.70 |
| 2003 | 7 | -0.17% | 1,549.91 | 183.90 |
| 2003 | 8 | 3.16% | 1,598.90 | 184.60 |
| 2003 | 9 | 2.03% | 1,631.32 | 185.20 |
| 2003 | 10 | 1.21% | 1,651.07 | 185.00 |
| 2003 | 11 | 3.06% | 1,701.66 | 184.50 |
| 2003 | 12 | 4.93% | 1,785.64 | 184.30 |
| 2004 | 1 | 1.09% | 1,805.04 | 185.20 |
| 2004 | 2 | -1.57% | 1,776.79 | 186.20 |
| 2004 | 3 | 0.97% | 1,793.99 | 187.40 |
| 2004 | 4 | -2.56% | 1,747.99 | 188.00 |
| 2004 | 5 | 2.86% | 1,797.94 | 189.10 |
| 2004 | 6 | -2.24% | 1,757.69 | 189.70 |
| 2004 | 7 | -1.39% | 1,733.30 | 189.40 |
| 2004 | 8 | 2.78% | 1,781.53 | 189.50 |
| 2004 | 9 | 0.10% | 1,783.36 | 189.90 |
| 2004 | 10 | 4.77% | 1,868.49 | 190.90 |
| 2004 | 11 | 2.73% | 1,919.45 | 191.00 |
| 2004 | 12 | -1.35% | 1,893.56 | 190.30 |
| 2005 | 1 | 1.68% | 1,925.39 | 190.70 |
| 2005 | 2 | -0.26% | 1,920.47 | 191.80 |
| 2005 | 3 | -2.41% | 1,874.21 | 193.30 |
| 2005 | 4 | 1.34% | 1,899.24 | 194.60 |
| 2005 | 5 | 2.18% | 1,940.66 | 194.40 |
| 2005 | 6 | 1.81% | 1,975.74 | 194.50 |
| 2005 | 7 | 0.31% | 1,981.87 | 195.40 |
| 2005 | 8 | 0.28% | 1,987.41 | 196.40 |
| 2005 | 9 | -2.62% | 1,935.26 | 198.80 |
| 2005 | 10 | 3.96% | 2,011.92 | 199.20 |
| 2005 | 11 | 2.14% | 2,055.06 | 197.60 |
| 2005 | 12 | 1.47% | 2,085.20 | 196.80 |
| 2006 | 1 | -0.02% | 2,084.86 | 198.30 |
| 2006 | 2 | 1.49% | 2,115.84 | 198.70 |
| 2006 | 3 | 0.80% | 2,132.73 | 199.80 |
| 2006 | 4 | -0.79% | 2,115.96 | 201.50 |
| 2006 | 5 | -2.71% | 2,058.70 | 202.50 |
| 2006 | 6 | 0.72% | 2,073.53 | 202.90 |
| 2006 | 7 | 2.29% | 2,121.05 | 203.50 |
| 2006 | 8 | 2.53% | 2,174.73 | 203.90 |
| 2006 | 9 | 3.62% | 2,253.37 | 202.90 |
| 2006 | 10 | 2.00% | 2,298.47 | 201.80 |
| 2006 | 11 | 2.15% | 2,347.85 | 201.50 |
| 2006 | 12 | 0.69% | 2,364.12 | 201.80 |
| 2007 | 1 | 1.60% | 2,401.85 | 202.42 |
| 2007 | 2 | -2.47% | 2,342.43 | 203.50 |
| 2007 | 3 | 4.18% | 2,440.35 | 205.35 |
| 2007 | 4 | 3.39% | 2,523.12 | 206.69 |
| 2007 | 5 | 0.34% | 2,531.82 | 207.95 |
| 2007 | 6 | 0.57% | 2,546.37 | 208.35 |
| 2007 | 7 | -4.20% | 2,439.40 | 208.30 |
| 2007 | 8 | 3.07% | 2,514.40 | 207.92 |
| 2007 | 9 | 2.99% | 2,589.62 | 208.49 |
| 2007 | 10 | -4.81% | 2,465.16 | 208.94 |
| 2007 | 11 | 1.24% | 2,495.68 | 210.18 |
| 2007 | 12 | -6.64% | 2,330.09 | 210.04 |
| 2008 | 1 | -1.56% | 2,293.65 | 211.08 |
| 2008 | 2 | -2.63% | 2,233.40 | 211.69 |
| 2008 | 3 | 4.24% | 2,328.18 | 213.53 |
| 2008 | 4 | 2.56% | 2,387.85 | 214.82 |
| 2008 | 5 | -4.25% | 2,286.44 | 216.63 |
| 2008 | 6 | -6.08% | 2,147.46 | 218.82 |
| 2008 | 7 | 2.11% | 2,192.79 | 219.96 |
| 2008 | 8 | -4.85% | 2,086.49 | 219.09 |
| 2008 | 9 | -20.19% | 1,665.15 | 218.78 |
| 2008 | 10 | -8.61% | 1,521.86 | 216.57 |
| 2008 | 11 | -0.35% | 1,516.52 | 212.43 |
| 2008 | 12 | -1.10% | 1,499.90 | 210.23 |
| 2009 | 1 | -6.70% | 1,399.37 | 211.14 |
| 2009 | 2 | -5.69% | 1,319.78 | 212.19 |
| 2009 | 3 | 12.32% | 1,482.40 | 212.71 |
| 2009 | 4 | 6.66% | 1,581.13 | 213.24 |
| 2009 | 5 | 2.87% | 1,626.49 | 213.86 |
| 2009 | 6 | 1.28% | 1,647.27 | 215.69 |
| 2009 | 7 | 8.12% | 1,781.04 | 215.35 |
| 2009 | 8 | 3.65% | 1,846.05 | 215.83 |
| 2009 | 9 | 2.40% | 1,890.42 | 215.97 |
| 2009 | 10 | 2.09% | 1,930.01 | 216.18 |
| 2009 | 11 | 2.23% | 1,972.97 | 216.33 |
| 2009 | 12 | 1.36% | 1,999.74 | 215.95 |
| 2010 | 1 | -2.90% | 1,941.78 | 216.69 |
| 2010 | 2 | 5.94% | 2,057.18 | 216.74 |
| 2010 | 3 | 4.09% | 2,141.27 | 217.63 |
| 2010 | 4 | -5.88% | 2,015.31 | 218.01 |
| 2010 | 5 | -3.54% | 1,943.90 | 218.18 |
| 2010 | 6 | -0.16% | 1,940.81 | 217.97 |
| 2010 | 7 | 0.86% | 1,957.57 | 218.01 |
| 2010 | 8 | 3.37% | 2,023.56 | 218.31 |
| 2010 | 9 | 4.58% | 2,116.19 | 218.44 |
| 2010 | 10 | 2.49% | 2,168.90 | 218.71 |
| 2010 | 11 | 3.71% | 2,249.45 | 218.80 |
| 2010 | 12 | 3.46% | 2,327.33 | 219.18 |
| 2011 | 1 | 3.15% | 2,400.66 | 220.22 |
| 2011 | 2 | -1.11% | 2,373.95 | 221.31 |
| 2011 | 3 | 2.22% | 2,426.68 | 223.47 |
| 2011 | 4 | 0.66% | 2,442.68 | 224.91 |
| 2011 | 5 | -3.66% | 2,353.21 | 225.96 |
| 2011 | 6 | 3.10% | 2,426.20 | 225.72 |
| 2011 | 7 | -10.40% | 2,173.86 | 225.92 |
| 2011 | 8 | -0.79% | 2,156.70 | 226.55 |
| 2011 | 9 | 3.02% | 2,221.81 | 226.89 |
| 2011 | 10 | 1.77% | 2,261.08 | 226.42 |
| 2011 | 11 | 1.55% | 2,296.23 | 226.23 |
| 2011 | 12 | 4.78% | 2,406.05 | 225.67 |
| 2012 | 1 | 4.16% | 2,506.20 | 226.67 |
| 2012 | 2 | 2.88% | 2,578.48 | 227.66 |
| 2012 | 3 | -0.04% | 2,577.49 | 229.39 |
| 2012 | 4 | -3.09% | 2,497.82 | 230.09 |
| 2012 | 5 | -1.15% | 2,469.04 | 229.82 |
| 2012 | 6 | 2.92% | 2,541.16 | 229.48 |
| 2012 | 7 | 3.39% | 2,627.25 | 229.10 |
| 2012 | 8 | 3.02% | 2,706.62 | 230.38 |
| 2012 | 9 | -0.22% | 2,700.74 | 231.41 |
| 2012 | 10 | -2.84% | 2,624.11 | 231.32 |
| 2012 | 11 | 2.18% | 2,681.20 | 230.22 |
| 2012 | 12 | 4.27% | 2,795.65 | 229.60 |
| 2013 | 1 | 2.33% | 2,860.88 | 230.28 |
| 2013 | 2 | 2.72% | 2,938.76 | 232.17 |
| 2013 | 3 | 1.45% | 2,981.49 | 232.77 |
| 2013 | 4 | 4.57% | 3,117.87 | 232.53 |
| 2013 | 5 | -1.12% | 3,083.02 | 232.95 |
| 2013 | 6 | 3.25% | 3,183.35 | 233.50 |
| 2013 | 7 | 0.25% | 3,191.39 | 233.60 |
| 2013 | 8 | 1.19% | 3,229.45 | 233.88 |
| 2013 | 9 | 2.12% | 3,297.83 | 234.15 |
| 2013 | 10 | 3.86% | 3,425.13 | 233.55 |
| 2013 | 11 | 1.52% | 3,477.25 | 233.07 |
| 2013 | 12 | 0.97% | 3,510.90 | 233.05 |
| 2014 | 1 | -0.13% | 3,506.33 | 233.92 |
| 2014 | 2 | 2.72% | 3,601.79 | 234.78 |
| 2014 | 3 | 0.20% | 3,609.05 | 236.29 |
| 2014 | 4 | 1.53% | 3,664.34 | 237.07 |
| 2014 | 5 | 3.20% | 3,781.47 | 237.90 |
| 2014 | 6 | 1.50% | 3,838.03 | 238.34 |
| 2014 | 7 | -0.43% | 3,821.65 | 238.25 |
| 2014 | 8 | 1.78% | 3,889.60 | 237.85 |
| 2014 | 9 | -2.65% | 3,786.65 | 238.03 |
| 2014 | 10 | 5.71% | 4,002.71 | 237.43 |
| 2014 | 11 | 0.63% | 4,028.08 | 236.15 |
| 2014 | 12 | -1.11% | 3,983.37 | 234.81 |
| 2015 | 1 | 2.83% | 4,095.99 | 233.71 |
| 2015 | 2 | 0.06% | 4,098.26 | 234.72 |
| 2015 | 3 | 0.88% | 4,134.26 | 236.12 |
| 2015 | 4 | 0.98% | 4,174.73 | 236.60 |
| 2015 | 5 | -0.44% | 4,156.55 | 237.81 |
| 2015 | 6 | -0.08% | 4,153.24 | 238.64 |
| 2015 | 7 | -2.42% | 4,052.55 | 238.65 |
| 2015 | 8 | -4.51% | 3,869.90 | 238.32 |
| 2015 | 9 | 4.32% | 4,036.96 | 237.95 |
| 2015 | 10 | 2.93% | 4,155.35 | 237.84 |
| 2015 | 11 | -1.10% | 4,109.51 | 237.34 |
| 2015 | 12 | -6.42% | 3,845.70 | 236.53 |
| 2016 | 1 | -0.55% | 3,824.55 | 236.92 |
| 2016 | 2 | 6.36% | 4,067.90 | 237.11 |
| 2016 | 3 | 2.83% | 4,183.07 | 238.13 |
| 2016 | 4 | -0.30% | 4,170.34 | 239.26 |
| 2016 | 5 | 1.07% | 4,214.81 | 240.23 |
| 2016 | 6 | 3.30% | 4,353.80 | 241.02 |
| 2016 | 7 | 1.20% | 4,406.01 | 240.63 |
| 2016 | 8 | -0.44% | 4,386.68 | 240.85 |
| 2016 | 9 | -0.51% | 4,364.49 | 241.43 |
| 2016 | 10 | 1.20% | 4,416.91 | 241.73 |
| 2016 | 11 | 3.95% | 4,591.20 | 241.35 |
| 2016 | 12 | 1.44% | 4,657.20 | 241.43 |
| 2017 | 1 | 2.58% | 4,777.19 | 242.84 |
| 2017 | 2 | 1.75% | 4,860.76 | 243.60 |
| 2017 | 3 | -0.15% | 4,853.27 | 243.80 |
| 2017 | 4 | 1.69% | 4,935.41 | 244.52 |
| 2017 | 5 | 1.78% | 5,023.08 | 244.73 |
| 2017 | 6 | 0.99% | 5,072.71 | 244.96 |
| 2017 | 7 | 0.25% | 5,085.28 | 244.79 |
| 2017 | 8 | 1.65% | 5,169.35 | 245.52 |
| 2017 | 9 | 2.73% | 5,310.72 | 246.82 |
| 2017 | 10 | 1.59% | 5,395.14 | 246.66 |
| 2017 | 11 | 2.88% | 5,550.71 | 246.67 |
| 2017 | 12 | 4.86% | 5,820.58 | 246.52 |
| 2018 | 1 | -2.89% | 5,652.55 | 247.87 |
| 2018 | 2 | 0.06% | 5,656.20 | 248.99 |
| 2018 | 3 | -1.66% | 5,562.09 | 249.55 |
| 2018 | 4 | 1.96% | 5,671.19 | 250.55 |
| 2018 | 5 | 2.11% | 5,791.02 | 251.59 |
| 2018 | 6 | 1.58% | 5,882.57 | 251.99 |
| 2018 | 7 | 2.45% | 6,026.74 | 252.01 |
| 2018 | 8 | 1.68% | 6,127.97 | 252.15 |
| 2018 | 9 | -3.85% | 5,892.10 | 252.44 |
| 2018 | 10 | -2.08% | 5,769.78 | 252.89 |
| 2018 | 11 | -5.56% | 5,448.83 | 252.04 |
| 2018 | 12 | 1.74% | 5,543.41 | 251.23 |
| 2019 | 1 | 5.83% | 5,866.53 | 251.71 |
| 2019 | 2 | 1.95% | 5,980.81 | 252.78 |
| 2019 | 3 | 3.72% | 6,203.49 | 254.20 |
| 2019 | 4 | -1.53% | 6,108.46 | 255.55 |
| 2019 | 5 | 1.40% | 6,194.27 | 256.09 |
| 2019 | 6 | 3.83% | 6,431.35 | 256.14 |
| 2019 | 7 | -3.13% | 6,229.76 | 256.57 |
| 2019 | 8 | 3.09% | 6,421.96 | 256.56 |
| 2019 | 9 | 0.01% | 6,422.59 | 256.76 |
| 2019 | 10 | 4.43% | 6,707.35 | 257.35 |
| 2019 | 11 | 2.47% | 6,872.98 | 257.21 |
| 2019 | 12 | 3.35% | 7,102.97 | 256.97 |
| 2020 | 1 | 0.12% | 7,111.64 | 257.97 |
| 2020 | 2 | -18.92% | 5,766.28 | 258.68 |
| 2020 | 3 | 4.32% | 6,015.31 | 258.12 |
| 2020 | 4 | 5.89% | 6,369.45 | 256.39 |
| 2020 | 5 | 6.51% | 6,783.99 | 256.39 |
| 2020 | 6 | 3.48% | 7,019.83 | 257.80 |
| 2020 | 7 | 5.89% | 7,433.55 | 259.10 |
| 2020 | 8 | -0.63% | 7,386.94 | 259.92 |
| 2020 | 9 | 1.73% | 7,514.44 | 260.28 |
| 2020 | 10 | 3.95% | 7,811.57 | 260.39 |
| 2020 | 11 | 4.26% | 8,144.35 | 260.23 |
| 2020 | 12 | 2.80% | 8,372.01 | 260.47 |
| 2021 | 1 | 2.49% | 8,580.60 | 261.58 |
| 2021 | 2 | 0.82% | 8,651.07 | 263.01 |
| 2021 | 3 | 6.02% | 9,172.00 | 264.88 |
| 2021 | 4 | 0.76% | 9,241.72 | 267.05 |
| 2021 | 5 | 1.81% | 9,409.04 | 269.20 |
| 2021 | 6 | 3.07% | 9,697.73 | 271.70 |
| 2021 | 7 | 2.19% | 9,909.64 | 273.00 |
| 2021 | 8 | -0.08% | 9,901.26 | 273.57 |
| 2021 | 9 | 0.45% | 9,946.04 | 274.31 |
| 2021 | 10 | 4.74% | 10,417.95 | 276.59 |
| 2021 | 11 | 0.27% | 10,445.60 | 277.95 |
| 2021 | 12 | -2.05% | 10,231.26 | 278.80 |
| 2022 | 1 | -2.90% | 9,934.29 | 281.15 |
| 2022 | 2 | -0.89% | 9,845.62 | 283.72 |
| 2022 | 3 | 0.12% | 9,857.27 | 287.50 |
| 2022 | 4 | -4.91% | 9,372.82 | 289.11 |
Click to show 474 more rows
Dollar-cost averaging
Dollar-cost averaging is an alternative to investing the full lump-sum of $100.00 up-front. Instead, the capital is invested over a period of time.
Consider a strategy in which $100.00 was invested in the S&P 500 over a period of no more than 24 months beginning in 1982. This would result in a final amount of $7,658.34, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $9,372.82).
| Year | Month | Contribution ($) | Amount ($) |
|---|---|---|---|
| 1982 | 1 | 4.16 | 4.06 |
| 1982 | 2 | 4.16 | 7.97 |
| 1982 | 3 | 4.16 | 12.78 |
| 1982 | 4 | 4.16 | 17.01 |
| 1982 | 5 | 4.16 | 20.04 |
| 1982 | 6 | 4.16 | 24.24 |
| 1982 | 7 | 4.16 | 28.60 |
| 1982 | 8 | 4.16 | 36.70 |
| 1982 | 9 | 4.16 | 44.47 |
| 1982 | 10 | 4.16 | 50.80 |
| 1982 | 11 | 4.16 | 55.69 |
| 1982 | 12 | 4.16 | 62.18 |
| 1983 | 1 | 4.16 | 67.74 |
| 1983 | 2 | 4.16 | 74.66 |
| 1983 | 3 | 4.16 | 82.11 |
| 1983 | 4 | 4.16 | 90.07 |
| 1983 | 5 | 4.16 | 95.87 |
| 1983 | 6 | 4.16 | 100.73 |
| 1983 | 7 | 4.16 | 102.35 |
| 1983 | 8 | 4.16 | 110.02 |
| 1983 | 9 | 4.16 | 114.91 |
| 1983 | 10 | 4.16 | 117.69 |
| 1983 | 11 | 4.16 | 121.68 |
| 1983 | 12 | 4.32 | 127.97 |
| 1984 | 1 | - | 121.43 |
| 1984 | 2 | - | 121.97 |
| 1984 | 3 | - | 122.59 |
| 1984 | 4 | - | 122.28 |
| 1984 | 5 | - | 120.02 |
| 1984 | 6 | - | 118.93 |
| 1984 | 7 | - | 129.87 |
| 1984 | 8 | - | 131.70 |
| 1984 | 9 | - | 131.16 |
| 1984 | 10 | - | 132.84 |
| 1984 | 11 | - | 131.90 |
| 1984 | 12 | - | 138.10 |
| 1985 | 1 | - | 146.09 |
| 1985 | 2 | - | 145.39 |
| 1985 | 3 | - | 146.88 |
| 1985 | 4 | - | 150.90 |
| 1985 | 5 | - | 154.69 |
| 1985 | 6 | - | 158.17 |
| 1985 | 7 | - | 155.25 |
| 1985 | 8 | - | 152.32 |
| 1985 | 9 | - | 154.60 |
| 1985 | 10 | - | 164.53 |
| 1985 | 11 | - | 173.24 |
| 1985 | 12 | - | 174.54 |
| 1986 | 1 | - | 184.48 |
| 1986 | 2 | - | 195.89 |
| 1986 | 3 | - | 201.26 |
| 1986 | 4 | - | 202.25 |
| 1986 | 5 | - | 208.59 |
| 1986 | 6 | - | 204.83 |
| 1986 | 7 | - | 209.50 |
| 1986 | 8 | - | 204.35 |
| 1986 | 9 | - | 204.17 |
| 1986 | 10 | - | 211.38 |
| 1986 | 11 | - | 214.99 |
| 1986 | 12 | - | 229.34 |
| 1987 | 1 | - | 244.16 |
| 1987 | 2 | - | 254.85 |
| 1987 | 3 | - | 252.66 |
| 1987 | 4 | - | 253.10 |
| 1987 | 5 | - | 264.49 |
| 1987 | 6 | - | 272.74 |
| 1987 | 7 | - | 290.35 |
| 1987 | 8 | - | 281.55 |
| 1987 | 9 | - | 248.17 |
| 1987 | 10 | - | 217.64 |
| 1987 | 11 | - | 214.73 |
| 1987 | 12 | - | 223.85 |
| 1988 | 1 | - | 231.30 |
| 1988 | 2 | - | 238.78 |
| 1988 | 3 | - | 236.66 |
| 1988 | 4 | - | 231.49 |
| 1988 | 5 | - | 245.37 |
| 1988 | 6 | - | 244.62 |
| 1988 | 7 | - | 240.41 |
| 1988 | 8 | - | 245.05 |
| 1988 | 9 | - | 254.36 |
| 1988 | 10 | - | 249.22 |
| 1988 | 11 | - | 255.02 |
| 1988 | 12 | - | 263.98 |
| 1989 | 1 | - | 272.69 |
| 1989 | 2 | - | 272.25 |
| 1989 | 3 | - | 281.95 |
| 1989 | 4 | - | 293.56 |
| 1989 | 5 | - | 303.52 |
| 1989 | 6 | - | 312.02 |
| 1989 | 7 | - | 326.65 |
| 1989 | 8 | - | 328.14 |
| 1989 | 9 | - | 329.08 |
| 1989 | 10 | - | 323.11 |
| 1989 | 11 | - | 331.95 |
| 1989 | 12 | - | 324.61 |
| 1990 | 1 | - | 316.41 |
| 1990 | 2 | - | 324.98 |
| 1990 | 3 | - | 325.61 |
| 1990 | 4 | - | 338.15 |
| 1990 | 5 | - | 348.87 |
| 1990 | 6 | - | 349.46 |
| 1990 | 7 | - | 321.99 |
| 1990 | 8 | - | 308.01 |
| 1990 | 9 | - | 300.88 |
| 1990 | 10 | - | 309.86 |
| 1990 | 11 | - | 324.07 |
| 1990 | 12 | - | 321.85 |
| 1991 | 1 | - | 359.21 |
| 1991 | 2 | - | 370.14 |
| 1991 | 3 | - | 378.50 |
| 1991 | 4 | - | 377.83 |
| 1991 | 5 | - | 379.14 |
| 1991 | 6 | - | 382.10 |
| 1991 | 7 | - | 392.33 |
| 1991 | 8 | - | 391.14 |
| 1991 | 9 | - | 391.85 |
| 1991 | 10 | - | 391.92 |
| 1991 | 11 | - | 395.58 |
| 1991 | 12 | - | 424.69 |
| 1992 | 1 | - | 422.14 |
| 1992 | 2 | - | 417.86 |
| 1992 | 3 | - | 418.97 |
| 1992 | 4 | - | 427.63 |
| 1992 | 5 | - | 421.95 |
| 1992 | 6 | - | 430.02 |
| 1992 | 7 | - | 434.07 |
| 1992 | 8 | - | 435.71 |
| 1992 | 9 | - | 430.56 |
| 1992 | 10 | - | 442.43 |
| 1992 | 11 | - | 456.90 |
| 1992 | 12 | - | 457.55 |
| 1993 | 1 | - | 465.44 |
| 1993 | 2 | - | 475.45 |
| 1993 | 3 | - | 469.07 |
| 1993 | 4 | - | 472.47 |
| 1993 | 5 | - | 476.56 |
| 1993 | 6 | - | 476.85 |
| 1993 | 7 | - | 485.25 |
| 1993 | 8 | - | 491.83 |
| 1993 | 9 | - | 497.94 |
| 1993 | 10 | - | 497.97 |
| 1993 | 11 | - | 502.39 |
| 1993 | 12 | - | 511.11 |
| 1994 | 1 | - | 510.72 |
| 1994 | 2 | - | 503.45 |
| 1994 | 3 | - | 486.61 |
| 1994 | 4 | - | 491.76 |
| 1994 | 5 | - | 497.20 |
| 1994 | 6 | - | 494.62 |
| 1994 | 7 | - | 509.87 |
| 1994 | 8 | - | 514.04 |
| 1994 | 9 | - | 511.75 |
| 1994 | 10 | - | 509.86 |
| 1994 | 11 | - | 504.63 |
| 1994 | 12 | - | 517.00 |
| 1995 | 1 | - | 536.75 |
| 1995 | 2 | - | 550.48 |
| 1995 | 3 | - | 568.18 |
| 1995 | 4 | - | 587.20 |
| 1995 | 5 | - | 605.86 |
| 1995 | 6 | - | 627.36 |
| 1995 | 7 | - | 630.58 |
| 1995 | 8 | - | 654.02 |
| 1995 | 9 | - | 659.99 |
| 1995 | 10 | - | 675.55 |
| 1995 | 11 | - | 698.45 |
| 1995 | 12 | - | 699.58 |
| 1996 | 1 | - | 740.89 |
| 1996 | 2 | - | 739.40 |
| 1996 | 3 | - | 740.86 |
| 1996 | 4 | - | 758.30 |
| 1996 | 5 | - | 768.00 |
| 1996 | 6 | - | 741.30 |
| 1996 | 7 | - | 764.10 |
| 1996 | 8 | - | 779.56 |
| 1996 | 9 | - | 811.68 |
| 1996 | 10 | - | 852.68 |
| 1996 | 11 | - | 862.90 |
| 1996 | 12 | - | 891.01 |
| 1997 | 1 | - | 929.87 |
| 1997 | 2 | - | 924.07 |
| 1997 | 3 | - | 892.60 |
| 1997 | 4 | - | 974.88 |
| 1997 | 5 | - | 1,026.91 |
| 1997 | 6 | - | 1,085.81 |
| 1997 | 7 | - | 1,089.59 |
| 1997 | 8 | - | 1,102.58 |
| 1997 | 9 | - | 1,120.72 |
| 1997 | 10 | - | 1,107.81 |
| 1997 | 11 | - | 1,136.99 |
| 1997 | 12 | - | 1,139.69 |
| 1998 | 1 | - | 1,212.65 |
| 1998 | 2 | - | 1,277.08 |
| 1998 | 3 | - | 1,320.57 |
| 1998 | 4 | - | 1,317.64 |
| 1998 | 5 | - | 1,319.18 |
| 1998 | 6 | - | 1,378.11 |
| 1998 | 7 | - | 1,282.05 |
| 1998 | 8 | - | 1,219.25 |
| 1998 | 9 | - | 1,234.98 |
| 1998 | 10 | - | 1,370.52 |
| 1998 | 11 | - | 1,426.76 |
| 1998 | 12 | - | 1,498.78 |
| 1999 | 1 | - | 1,497.78 |
| 1999 | 2 | - | 1,541.57 |
| 1999 | 3 | - | 1,607.09 |
| 1999 | 4 | - | 1,605.50 |
| 1999 | 5 | - | 1,595.68 |
| 1999 | 6 | - | 1,667.84 |
| 1999 | 7 | - | 1,604.89 |
| 1999 | 8 | - | 1,595.29 |
| 1999 | 9 | - | 1,574.99 |
| 1999 | 10 | - | 1,686.91 |
| 1999 | 11 | - | 1,734.29 |
| 1999 | 12 | - | 1,732.23 |
| 2000 | 1 | - | 1,689.30 |
| 2000 | 2 | - | 1,755.88 |
| 2000 | 3 | - | 1,780.89 |
| 2000 | 4 | - | 1,730.34 |
| 2000 | 5 | - | 1,785.08 |
| 2000 | 6 | - | 1,800.25 |
| 2000 | 7 | - | 1,817.17 |
| 2000 | 8 | - | 1,797.55 |
| 2000 | 9 | - | 1,703.82 |
| 2000 | 10 | - | 1,690.66 |
| 2000 | 11 | - | 1,634.53 |
| 2000 | 12 | - | 1,641.97 |
| 2001 | 1 | - | 1,606.89 |
| 2001 | 2 | - | 1,460.99 |
| 2001 | 3 | - | 1,467.54 |
| 2001 | 4 | - | 1,568.50 |
| 2001 | 5 | - | 1,531.03 |
| 2001 | 6 | - | 1,490.30 |
| 2001 | 7 | - | 1,459.81 |
| 2001 | 8 | - | 1,295.62 |
| 2001 | 9 | - | 1,336.88 |
| 2001 | 10 | - | 1,404.43 |
| 2001 | 11 | - | 1,425.02 |
| 2001 | 12 | - | 1,420.78 |
| 2002 | 1 | - | 1,373.14 |
| 2002 | 2 | - | 1,441.05 |
| 2002 | 3 | - | 1,390.40 |
| 2002 | 4 | - | 1,351.19 |
| 2002 | 5 | - | 1,271.19 |
| 2002 | 6 | - | 1,134.43 |
| 2002 | 7 | - | 1,147.34 |
| 2002 | 8 | - | 1,092.76 |
| 2002 | 9 | - | 1,077.82 |
| 2002 | 10 | - | 1,149.23 |
| 2002 | 11 | - | 1,137.34 |
| 2002 | 12 | - | 1,134.80 |
| 2003 | 1 | - | 1,062.01 |
| 2003 | 2 | - | 1,075.90 |
| 2003 | 3 | - | 1,132.77 |
| 2003 | 4 | - | 1,192.94 |
| 2003 | 5 | - | 1,260.99 |
| 2003 | 6 | - | 1,268.51 |
| 2003 | 7 | - | 1,266.40 |
| 2003 | 8 | - | 1,306.43 |
| 2003 | 9 | - | 1,332.92 |
| 2003 | 10 | - | 1,349.06 |
| 2003 | 11 | - | 1,390.39 |
| 2003 | 12 | - | 1,459.01 |
| 2004 | 1 | - | 1,474.86 |
| 2004 | 2 | - | 1,451.78 |
| 2004 | 3 | - | 1,465.83 |
| 2004 | 4 | - | 1,428.24 |
| 2004 | 5 | - | 1,469.06 |
| 2004 | 6 | - | 1,436.17 |
| 2004 | 7 | - | 1,416.24 |
| 2004 | 8 | - | 1,455.65 |
| 2004 | 9 | - | 1,457.14 |
| 2004 | 10 | - | 1,526.71 |
| 2004 | 11 | - | 1,568.35 |
| 2004 | 12 | - | 1,547.19 |
| 2005 | 1 | - | 1,573.20 |
| 2005 | 2 | - | 1,569.18 |
| 2005 | 3 | - | 1,531.38 |
| 2005 | 4 | - | 1,551.83 |
| 2005 | 5 | - | 1,585.67 |
| 2005 | 6 | - | 1,614.34 |
| 2005 | 7 | - | 1,619.34 |
| 2005 | 8 | - | 1,623.87 |
| 2005 | 9 | - | 1,581.26 |
| 2005 | 10 | - | 1,643.90 |
| 2005 | 11 | - | 1,679.15 |
| 2005 | 12 | - | 1,703.78 |
| 2006 | 1 | - | 1,703.49 |
| 2006 | 2 | - | 1,728.81 |
| 2006 | 3 | - | 1,742.61 |
| 2006 | 4 | - | 1,728.90 |
| 2006 | 5 | - | 1,682.12 |
| 2006 | 6 | - | 1,694.24 |
| 2006 | 7 | - | 1,733.06 |
| 2006 | 8 | - | 1,776.93 |
| 2006 | 9 | - | 1,841.18 |
| 2006 | 10 | - | 1,878.04 |
| 2006 | 11 | - | 1,918.38 |
| 2006 | 12 | - | 1,931.67 |
| 2007 | 1 | - | 1,962.50 |
| 2007 | 2 | - | 1,913.95 |
| 2007 | 3 | - | 1,993.96 |
| 2007 | 4 | - | 2,061.59 |
| 2007 | 5 | - | 2,068.70 |
| 2007 | 6 | - | 2,080.59 |
| 2007 | 7 | - | 1,993.18 |
| 2007 | 8 | - | 2,054.47 |
| 2007 | 9 | - | 2,115.93 |
| 2007 | 10 | - | 2,014.23 |
| 2007 | 11 | - | 2,039.17 |
| 2007 | 12 | - | 1,903.87 |
| 2008 | 1 | - | 1,874.09 |
| 2008 | 2 | - | 1,824.87 |
| 2008 | 3 | - | 1,902.31 |
| 2008 | 4 | - | 1,951.06 |
| 2008 | 5 | - | 1,868.21 |
| 2008 | 6 | - | 1,754.65 |
| 2008 | 7 | - | 1,791.68 |
| 2008 | 8 | - | 1,704.83 |
| 2008 | 9 | - | 1,360.56 |
| 2008 | 10 | - | 1,243.48 |
| 2008 | 11 | - | 1,239.11 |
| 2008 | 12 | - | 1,225.54 |
| 2009 | 1 | - | 1,143.40 |
| 2009 | 2 | - | 1,078.37 |
| 2009 | 3 | - | 1,211.24 |
| 2009 | 4 | - | 1,291.91 |
| 2009 | 5 | - | 1,328.97 |
| 2009 | 6 | - | 1,345.95 |
| 2009 | 7 | - | 1,455.25 |
| 2009 | 8 | - | 1,508.37 |
| 2009 | 9 | - | 1,544.62 |
| 2009 | 10 | - | 1,576.97 |
| 2009 | 11 | - | 1,612.07 |
| 2009 | 12 | - | 1,633.95 |
| 2010 | 1 | - | 1,586.59 |
| 2010 | 2 | - | 1,680.88 |
| 2010 | 3 | - | 1,749.59 |
| 2010 | 4 | - | 1,646.67 |
| 2010 | 5 | - | 1,588.32 |
| 2010 | 6 | - | 1,585.79 |
| 2010 | 7 | - | 1,599.49 |
| 2010 | 8 | - | 1,653.41 |
| 2010 | 9 | - | 1,729.10 |
| 2010 | 10 | - | 1,772.17 |
| 2010 | 11 | - | 1,837.98 |
| 2010 | 12 | - | 1,901.61 |
| 2011 | 1 | - | 1,961.53 |
| 2011 | 2 | - | 1,939.71 |
| 2011 | 3 | - | 1,982.79 |
| 2011 | 4 | - | 1,995.86 |
| 2011 | 5 | - | 1,922.76 |
| 2011 | 6 | - | 1,982.40 |
| 2011 | 7 | - | 1,776.22 |
| 2011 | 8 | - | 1,762.20 |
| 2011 | 9 | - | 1,815.40 |
| 2011 | 10 | - | 1,847.48 |
| 2011 | 11 | - | 1,876.20 |
| 2011 | 12 | - | 1,965.93 |
| 2012 | 1 | - | 2,047.77 |
| 2012 | 2 | - | 2,106.82 |
| 2012 | 3 | - | 2,106.02 |
| 2012 | 4 | - | 2,040.92 |
| 2012 | 5 | - | 2,017.40 |
| 2012 | 6 | - | 2,076.33 |
| 2012 | 7 | - | 2,146.67 |
| 2012 | 8 | - | 2,211.52 |
| 2012 | 9 | - | 2,206.72 |
| 2012 | 10 | - | 2,144.11 |
| 2012 | 11 | - | 2,190.75 |
| 2012 | 12 | - | 2,284.27 |
| 2013 | 1 | - | 2,337.56 |
| 2013 | 2 | - | 2,401.20 |
| 2013 | 3 | - | 2,436.11 |
| 2013 | 4 | - | 2,547.54 |
| 2013 | 5 | - | 2,519.07 |
| 2013 | 6 | - | 2,601.05 |
| 2013 | 7 | - | 2,607.62 |
| 2013 | 8 | - | 2,638.71 |
| 2013 | 9 | - | 2,694.59 |
| 2013 | 10 | - | 2,798.60 |
| 2013 | 11 | - | 2,841.19 |
| 2013 | 12 | - | 2,868.68 |
| 2014 | 1 | - | 2,864.95 |
| 2014 | 2 | - | 2,942.95 |
| 2014 | 3 | - | 2,948.88 |
| 2014 | 4 | - | 2,994.06 |
| 2014 | 5 | - | 3,089.76 |
| 2014 | 6 | - | 3,135.98 |
| 2014 | 7 | - | 3,122.59 |
| 2014 | 8 | - | 3,178.11 |
| 2014 | 9 | - | 3,094.00 |
| 2014 | 10 | - | 3,270.53 |
| 2014 | 11 | - | 3,291.26 |
| 2014 | 12 | - | 3,254.73 |
| 2015 | 1 | - | 3,346.75 |
| 2015 | 2 | - | 3,348.60 |
| 2015 | 3 | - | 3,378.02 |
| 2015 | 4 | - | 3,411.09 |
| 2015 | 5 | - | 3,396.23 |
| 2015 | 6 | - | 3,393.53 |
| 2015 | 7 | - | 3,311.25 |
| 2015 | 8 | - | 3,162.01 |
| 2015 | 9 | - | 3,298.52 |
| 2015 | 10 | - | 3,395.25 |
| 2015 | 11 | - | 3,357.80 |
| 2015 | 12 | - | 3,142.24 |
| 2016 | 1 | - | 3,124.96 |
| 2016 | 2 | - | 3,323.80 |
| 2016 | 3 | - | 3,417.90 |
| 2016 | 4 | - | 3,407.50 |
| 2016 | 5 | - | 3,443.84 |
| 2016 | 6 | - | 3,557.40 |
| 2016 | 7 | - | 3,600.06 |
| 2016 | 8 | - | 3,584.27 |
| 2016 | 9 | - | 3,566.13 |
| 2016 | 10 | - | 3,608.97 |
| 2016 | 11 | - | 3,751.37 |
| 2016 | 12 | - | 3,805.31 |
| 2017 | 1 | - | 3,903.35 |
| 2017 | 2 | - | 3,971.63 |
| 2017 | 3 | - | 3,965.51 |
| 2017 | 4 | - | 4,032.62 |
| 2017 | 5 | - | 4,104.26 |
| 2017 | 6 | - | 4,144.80 |
| 2017 | 7 | - | 4,155.07 |
| 2017 | 8 | - | 4,223.77 |
| 2017 | 9 | - | 4,339.28 |
| 2017 | 10 | - | 4,408.26 |
| 2017 | 11 | - | 4,535.37 |
| 2017 | 12 | - | 4,755.87 |
| 2018 | 1 | - | 4,618.59 |
| 2018 | 2 | - | 4,621.57 |
| 2018 | 3 | - | 4,544.67 |
| 2018 | 4 | - | 4,633.82 |
| 2018 | 5 | - | 4,731.73 |
| 2018 | 6 | - | 4,806.52 |
| 2018 | 7 | - | 4,924.32 |
| 2018 | 8 | - | 5,007.04 |
| 2018 | 9 | - | 4,814.32 |
| 2018 | 10 | - | 4,714.37 |
| 2018 | 11 | - | 4,452.13 |
| 2018 | 12 | - | 4,529.40 |
| 2019 | 1 | - | 4,793.42 |
| 2019 | 2 | - | 4,886.79 |
| 2019 | 3 | - | 5,068.74 |
| 2019 | 4 | - | 4,991.10 |
| 2019 | 5 | - | 5,061.21 |
| 2019 | 6 | - | 5,254.92 |
| 2019 | 7 | - | 5,090.21 |
| 2019 | 8 | - | 5,247.25 |
| 2019 | 9 | - | 5,247.77 |
| 2019 | 10 | - | 5,480.44 |
| 2019 | 11 | - | 5,615.77 |
| 2019 | 12 | - | 5,803.69 |
| 2020 | 1 | - | 5,810.78 |
| 2020 | 2 | - | 4,711.51 |
| 2020 | 3 | - | 4,914.98 |
| 2020 | 4 | - | 5,204.35 |
| 2020 | 5 | - | 5,543.06 |
| 2020 | 6 | - | 5,735.76 |
| 2020 | 7 | - | 6,073.80 |
| 2020 | 8 | - | 6,035.72 |
| 2020 | 9 | - | 6,139.89 |
| 2020 | 10 | - | 6,382.67 |
| 2020 | 11 | - | 6,654.58 |
| 2020 | 12 | - | 6,840.59 |
| 2021 | 1 | - | 7,011.03 |
| 2021 | 2 | - | 7,068.61 |
| 2021 | 3 | - | 7,494.25 |
| 2021 | 4 | - | 7,551.22 |
| 2021 | 5 | - | 7,687.93 |
| 2021 | 6 | - | 7,923.81 |
| 2021 | 7 | - | 8,096.96 |
| 2021 | 8 | - | 8,090.12 |
| 2021 | 9 | - | 8,126.70 |
| 2021 | 10 | - | 8,512.29 |
| 2021 | 11 | - | 8,534.88 |
| 2021 | 12 | - | 8,359.75 |
| 2022 | 1 | - | 8,117.11 |
| 2022 | 2 | - | 8,044.65 |
| 2022 | 3 | - | 8,054.17 |
| 2022 | 4 | - | 7,658.34 |
Click to show 474 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 |
$117.30 |
|
End Value
Average monthly close |
$4,175.48 |
| Change in price |
+3,459.66%
+9.34% / yr |
| Change incl. dividends |
+9,272.82%
+11.92% / yr |
| Change incl. dividends, inflation-adjusted |
+2,994.39%
+8.88% / yr |
|
Final amount, nominal ($100 base) |
$9,372.82 |
|
Final amount, inflation-adjusted ($100 base) |
$3,094.39 |