Stock market returns between 1982 and 2022
If you invested $1000000 in the S&P 500 at the beginning of 1982, you would have about $90,013,551.98 at the end of 2022, assuming you reinvested all dividends. This is a return on investment of 8,901.36%, or 11.60% per year.
This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 2,868.10% cumulatively, or 8.62% per year.
If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $73,572,864.30.
The graph below shows the performance of $1000000 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 $1000000 is $89,013,551.98, or 8,901.36%. This means by 2022 you would have $90,013,551.98 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 292.656.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 40 years.
Adjusted for inflation, the $90,013,551.98 nominal end value of the original $1000000 investment would have a real return of roughly $28,680,965.75 in 1982 dollars. This means the inflation-adjusted return is 2,868.10% as opposed to the original 8,901.36%.
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 $1000000 investment, including gains and losses over the 492-month period between 1982 and 2022.
Note that data shown is the monthly average closing price. Returns include dividends.
| Year | Month | Return (%) | Amount ($) | CPI |
|---|---|---|---|---|
| 1982 | 1 | -1.91% | 980,861.04 | 94.30 |
| 1982 | 2 | -2.74% | 953,940.90 | 94.60 |
| 1982 | 3 | 5.47% | 1,006,114.93 | 94.50 |
| 1982 | 4 | 0.57% | 1,011,846.23 | 94.90 |
| 1982 | 5 | -5.27% | 958,515.68 | 95.80 |
| 1982 | 6 | 0.24% | 960,852.99 | 97.00 |
| 1982 | 7 | 0.79% | 968,481.94 | 97.50 |
| 1982 | 8 | 12.10% | 1,085,633.14 | 97.70 |
| 1982 | 9 | 8.88% | 1,182,052.56 | 97.90 |
| 1982 | 10 | 4.50% | 1,235,243.94 | 98.20 |
| 1982 | 11 | 1.36% | 1,251,987.66 | 98.00 |
| 1982 | 12 | 3.93% | 1,301,137.60 | 97.60 |
| 1983 | 1 | 2.13% | 1,328,852.02 | 97.80 |
| 1983 | 2 | 3.87% | 1,380,220.32 | 97.90 |
| 1983 | 3 | 4.20% | 1,438,153.53 | 97.90 |
| 1983 | 4 | 4.42% | 1,501,777.62 | 98.60 |
| 1983 | 5 | 1.75% | 1,528,111.35 | 99.20 |
| 1983 | 6 | 0.71% | 1,538,932.41 | 99.50 |
| 1983 | 7 | -2.41% | 1,501,887.45 | 99.90 |
| 1983 | 8 | 3.31% | 1,551,657.51 | 100.20 |
| 1983 | 9 | 0.65% | 1,561,711.11 | 100.70 |
| 1983 | 10 | -1.14% | 1,543,885.38 | 101.00 |
| 1983 | 11 | -0.13% | 1,541,907.23 | 101.20 |
| 1983 | 12 | 1.58% | 1,566,206.65 | 101.30 |
| 1984 | 1 | -5.11% | 1,486,139.36 | 101.90 |
| 1984 | 2 | 0.44% | 1,492,713.45 | 102.40 |
| 1984 | 3 | 0.51% | 1,500,284.50 | 102.60 |
| 1984 | 4 | -0.25% | 1,496,495.18 | 103.10 |
| 1984 | 5 | -1.85% | 1,468,835.40 | 103.40 |
| 1984 | 6 | -0.91% | 1,455,491.80 | 103.70 |
| 1984 | 7 | 9.21% | 1,589,492.51 | 104.10 |
| 1984 | 8 | 1.41% | 1,611,856.17 | 104.50 |
| 1984 | 9 | -0.41% | 1,605,208.84 | 105.00 |
| 1984 | 10 | 1.29% | 1,625,850.25 | 105.30 |
| 1984 | 11 | -0.71% | 1,614,346.44 | 105.30 |
| 1984 | 12 | 4.70% | 1,690,181.47 | 105.30 |
| 1985 | 1 | 5.79% | 1,787,998.37 | 105.50 |
| 1985 | 2 | -0.48% | 1,779,446.05 | 106.00 |
| 1985 | 3 | 1.02% | 1,797,680.24 | 106.40 |
| 1985 | 4 | 2.74% | 1,846,858.20 | 106.90 |
| 1985 | 5 | 2.51% | 1,893,232.20 | 107.30 |
| 1985 | 6 | 2.25% | 1,935,777.30 | 107.60 |
| 1985 | 7 | -1.85% | 1,900,056.21 | 107.80 |
| 1985 | 8 | -1.88% | 1,864,240.26 | 108.00 |
| 1985 | 9 | 1.50% | 1,892,121.16 | 108.30 |
| 1985 | 10 | 6.42% | 2,013,605.10 | 108.70 |
| 1985 | 11 | 5.29% | 2,120,215.71 | 109.00 |
| 1985 | 12 | 0.75% | 2,136,153.98 | 109.30 |
| 1986 | 1 | 5.70% | 2,257,855.93 | 109.60 |
| 1986 | 2 | 6.18% | 2,397,454.00 | 109.30 |
| 1986 | 3 | 2.74% | 2,463,178.44 | 108.80 |
| 1986 | 4 | 0.49% | 2,475,293.09 | 108.60 |
| 1986 | 5 | 3.13% | 2,552,849.96 | 108.90 |
| 1986 | 6 | -1.80% | 2,506,798.76 | 109.50 |
| 1986 | 7 | 2.28% | 2,563,975.17 | 109.50 |
| 1986 | 8 | -2.46% | 2,500,997.90 | 109.70 |
| 1986 | 9 | -0.09% | 2,498,750.18 | 110.20 |
| 1986 | 10 | 3.53% | 2,587,029.77 | 110.30 |
| 1986 | 11 | 1.71% | 2,631,240.54 | 110.40 |
| 1986 | 12 | 6.67% | 2,806,832.98 | 110.50 |
| 1987 | 1 | 6.46% | 2,988,207.10 | 111.20 |
| 1987 | 2 | 4.38% | 3,118,983.27 | 111.60 |
| 1987 | 3 | -0.86% | 3,092,271.98 | 112.10 |
| 1987 | 4 | 0.17% | 3,097,616.38 | 112.70 |
| 1987 | 5 | 4.50% | 3,236,960.90 | 113.10 |
| 1987 | 6 | 3.12% | 3,338,021.96 | 113.50 |
| 1987 | 7 | 6.45% | 3,553,458.27 | 113.80 |
| 1987 | 8 | -3.03% | 3,445,773.36 | 114.40 |
| 1987 | 9 | -11.85% | 3,037,315.33 | 115.00 |
| 1987 | 10 | -12.30% | 2,663,621.84 | 115.30 |
| 1987 | 11 | -1.33% | 2,628,070.64 | 115.40 |
| 1987 | 12 | 4.25% | 2,739,672.77 | 115.40 |
| 1988 | 1 | 3.33% | 2,830,864.57 | 115.70 |
| 1988 | 2 | 3.23% | 2,922,359.78 | 116.00 |
| 1988 | 3 | -0.89% | 2,896,466.96 | 116.50 |
| 1988 | 4 | -2.19% | 2,833,084.53 | 117.10 |
| 1988 | 5 | 6.00% | 3,003,018.59 | 117.50 |
| 1988 | 6 | -0.31% | 2,993,801.72 | 118.00 |
| 1988 | 7 | -1.72% | 2,942,353.67 | 118.50 |
| 1988 | 8 | 1.93% | 2,999,057.80 | 119.00 |
| 1988 | 9 | 3.80% | 3,113,070.48 | 119.80 |
| 1988 | 10 | -2.02% | 3,050,178.75 | 120.20 |
| 1988 | 11 | 2.33% | 3,121,124.49 | 120.30 |
| 1988 | 12 | 3.51% | 3,230,758.92 | 120.50 |
| 1989 | 1 | 3.30% | 3,337,369.18 | 121.10 |
| 1989 | 2 | -0.16% | 3,331,974.03 | 121.60 |
| 1989 | 3 | 3.56% | 3,450,752.20 | 122.30 |
| 1989 | 4 | 4.12% | 3,592,761.08 | 123.10 |
| 1989 | 5 | 3.39% | 3,714,649.90 | 123.80 |
| 1989 | 6 | 2.80% | 3,818,666.60 | 124.10 |
| 1989 | 7 | 4.69% | 3,997,790.81 | 124.40 |
| 1989 | 8 | 0.46% | 4,016,002.23 | 124.60 |
| 1989 | 9 | 0.29% | 4,027,498.27 | 125.00 |
| 1989 | 10 | -1.81% | 3,954,457.55 | 125.60 |
| 1989 | 11 | 2.74% | 4,062,679.44 | 125.90 |
| 1989 | 12 | -2.21% | 3,972,844.42 | 126.10 |
| 1990 | 1 | -2.53% | 3,872,443.34 | 127.40 |
| 1990 | 2 | 2.71% | 3,977,276.85 | 128.00 |
| 1990 | 3 | 0.20% | 3,985,071.75 | 128.70 |
| 1990 | 4 | 3.85% | 4,138,533.87 | 128.90 |
| 1990 | 5 | 3.17% | 4,269,723.62 | 129.20 |
| 1990 | 6 | 0.17% | 4,276,970.35 | 129.90 |
| 1990 | 7 | -7.86% | 3,940,748.01 | 130.40 |
| 1990 | 8 | -4.34% | 3,769,677.74 | 131.60 |
| 1990 | 9 | -2.32% | 3,682,380.72 | 132.70 |
| 1990 | 10 | 2.98% | 3,792,256.14 | 133.50 |
| 1990 | 11 | 4.59% | 3,966,191.96 | 133.80 |
| 1990 | 12 | -0.69% | 3,939,016.76 | 133.80 |
| 1991 | 1 | 11.61% | 4,396,209.57 | 134.60 |
| 1991 | 2 | 3.04% | 4,530,057.46 | 134.80 |
| 1991 | 3 | 2.26% | 4,632,383.69 | 135.00 |
| 1991 | 4 | -0.18% | 4,624,097.34 | 135.20 |
| 1991 | 5 | 0.35% | 4,640,143.47 | 135.60 |
| 1991 | 6 | 0.78% | 4,676,359.13 | 136.00 |
| 1991 | 7 | 2.68% | 4,801,635.68 | 136.20 |
| 1991 | 8 | -0.30% | 4,787,081.87 | 136.60 |
| 1991 | 9 | 0.18% | 4,795,777.42 | 137.20 |
| 1991 | 10 | 0.02% | 4,796,534.92 | 137.40 |
| 1991 | 11 | 0.94% | 4,841,389.23 | 137.80 |
| 1991 | 12 | 7.36% | 5,197,619.90 | 137.90 |
| 1992 | 1 | -0.60% | 5,166,390.21 | 138.10 |
| 1992 | 2 | -1.01% | 5,114,086.81 | 138.60 |
| 1992 | 3 | 0.26% | 5,127,603.52 | 139.30 |
| 1992 | 4 | 2.07% | 5,233,660.34 | 139.50 |
| 1992 | 5 | -1.33% | 5,164,098.57 | 139.70 |
| 1992 | 6 | 1.91% | 5,262,843.02 | 140.20 |
| 1992 | 7 | 0.94% | 5,312,404.26 | 140.50 |
| 1992 | 8 | 0.38% | 5,332,495.10 | 140.90 |
| 1992 | 9 | -1.18% | 5,269,462.04 | 141.30 |
| 1992 | 10 | 2.76% | 5,414,736.00 | 141.80 |
| 1992 | 11 | 3.27% | 5,591,862.84 | 142.00 |
| 1992 | 12 | 0.14% | 5,599,853.23 | 141.90 |
| 1993 | 1 | 1.72% | 5,696,408.55 | 142.60 |
| 1993 | 2 | 2.15% | 5,818,890.04 | 143.10 |
| 1993 | 3 | -1.34% | 5,740,815.36 | 143.60 |
| 1993 | 4 | 0.72% | 5,782,420.45 | 144.00 |
| 1993 | 5 | 0.87% | 5,832,448.94 | 144.20 |
| 1993 | 6 | 0.06% | 5,836,006.95 | 144.40 |
| 1993 | 7 | 1.76% | 5,938,864.57 | 144.40 |
| 1993 | 8 | 1.35% | 6,019,334.51 | 144.80 |
| 1993 | 9 | 1.24% | 6,094,089.05 | 145.10 |
| 1993 | 10 | 0.01% | 6,094,548.83 | 145.70 |
| 1993 | 11 | 0.89% | 6,148,618.44 | 145.80 |
| 1993 | 12 | 1.74% | 6,255,351.08 | 145.80 |
| 1994 | 1 | -0.08% | 6,250,615.71 | 146.20 |
| 1994 | 2 | -1.42% | 6,161,618.31 | 146.70 |
| 1994 | 3 | -3.35% | 5,955,427.31 | 147.20 |
| 1994 | 4 | 1.06% | 6,018,450.13 | 147.40 |
| 1994 | 5 | 1.11% | 6,085,140.16 | 147.50 |
| 1994 | 6 | -0.52% | 6,053,565.88 | 148.00 |
| 1994 | 7 | 3.08% | 6,240,141.50 | 148.40 |
| 1994 | 8 | 0.82% | 6,291,152.48 | 149.00 |
| 1994 | 9 | -0.44% | 6,263,219.34 | 149.40 |
| 1994 | 10 | -0.37% | 6,240,052.70 | 149.50 |
| 1994 | 11 | -1.03% | 6,176,048.09 | 149.70 |
| 1994 | 12 | 2.45% | 6,327,433.79 | 149.70 |
| 1995 | 1 | 3.82% | 6,569,084.42 | 150.30 |
| 1995 | 2 | 2.56% | 6,737,132.77 | 150.90 |
| 1995 | 3 | 3.22% | 6,953,768.85 | 151.40 |
| 1995 | 4 | 3.35% | 7,186,564.35 | 151.90 |
| 1995 | 5 | 3.18% | 7,414,983.68 | 152.20 |
| 1995 | 6 | 3.55% | 7,678,028.75 | 152.50 |
| 1995 | 7 | 0.51% | 7,717,426.57 | 152.50 |
| 1995 | 8 | 3.72% | 8,004,334.58 | 152.90 |
| 1995 | 9 | 0.91% | 8,077,379.54 | 153.20 |
| 1995 | 10 | 2.36% | 8,267,875.27 | 153.70 |
| 1995 | 11 | 3.39% | 8,548,084.97 | 153.60 |
| 1995 | 12 | 0.16% | 8,561,982.43 | 153.50 |
| 1996 | 1 | 5.90% | 9,067,515.57 | 154.40 |
| 1996 | 2 | -0.20% | 9,049,317.33 | 154.90 |
| 1996 | 3 | 0.20% | 9,067,148.29 | 155.70 |
| 1996 | 4 | 2.35% | 9,280,663.82 | 156.30 |
| 1996 | 5 | 1.28% | 9,399,325.75 | 156.60 |
| 1996 | 6 | -3.48% | 9,072,552.14 | 156.70 |
| 1996 | 7 | 3.08% | 9,351,601.40 | 157.00 |
| 1996 | 8 | 2.02% | 9,540,852.27 | 157.30 |
| 1996 | 9 | 4.12% | 9,933,887.47 | 157.80 |
| 1996 | 10 | 5.05% | 10,435,755.59 | 158.30 |
| 1996 | 11 | 1.20% | 10,560,799.68 | 158.60 |
| 1996 | 12 | 3.26% | 10,904,821.97 | 158.60 |
| 1997 | 1 | 4.36% | 11,380,399.10 | 159.10 |
| 1997 | 2 | -0.62% | 11,309,421.22 | 159.60 |
| 1997 | 3 | -3.41% | 10,924,307.56 | 160.00 |
| 1997 | 4 | 9.22% | 11,931,291.75 | 160.20 |
| 1997 | 5 | 5.34% | 12,568,043.95 | 160.10 |
| 1997 | 6 | 5.74% | 13,288,937.47 | 160.30 |
| 1997 | 7 | 0.35% | 13,335,154.95 | 160.50 |
| 1997 | 8 | 1.19% | 13,494,111.07 | 160.80 |
| 1997 | 9 | 1.65% | 13,716,139.90 | 161.20 |
| 1997 | 10 | -1.15% | 13,558,124.03 | 161.60 |
| 1997 | 11 | 2.63% | 13,915,328.61 | 161.50 |
| 1997 | 12 | 0.24% | 13,948,320.22 | 161.30 |
| 1998 | 1 | 6.40% | 14,841,313.78 | 161.60 |
| 1998 | 2 | 5.31% | 15,629,813.85 | 161.90 |
| 1998 | 3 | 3.41% | 16,162,114.56 | 162.20 |
| 1998 | 4 | -0.22% | 16,126,257.68 | 162.50 |
| 1998 | 5 | 0.12% | 16,145,037.85 | 162.80 |
| 1998 | 6 | 4.47% | 16,866,344.26 | 163.00 |
| 1998 | 7 | -6.97% | 15,690,590.19 | 163.20 |
| 1998 | 8 | -4.90% | 14,921,994.45 | 163.40 |
| 1998 | 9 | 1.29% | 15,114,616.02 | 163.60 |
| 1998 | 10 | 10.97% | 16,773,352.06 | 164.00 |
| 1998 | 11 | 4.10% | 17,461,748.03 | 164.00 |
| 1998 | 12 | 5.05% | 18,343,162.43 | 163.90 |
| 1999 | 1 | -0.07% | 18,330,925.69 | 164.30 |
| 1999 | 2 | 2.92% | 18,866,832.11 | 164.50 |
| 1999 | 3 | 4.25% | 19,668,676.64 | 165.00 |
| 1999 | 4 | -0.10% | 19,649,237.74 | 166.20 |
| 1999 | 5 | -0.61% | 19,529,030.16 | 166.20 |
| 1999 | 6 | 4.52% | 20,412,208.54 | 166.20 |
| 1999 | 7 | -3.77% | 19,641,773.07 | 166.70 |
| 1999 | 8 | -0.60% | 19,524,311.99 | 167.10 |
| 1999 | 9 | -1.27% | 19,275,870.75 | 167.90 |
| 1999 | 10 | 7.11% | 20,645,604.41 | 168.20 |
| 1999 | 11 | 2.81% | 21,225,483.85 | 168.30 |
| 1999 | 12 | -0.12% | 21,200,239.82 | 168.30 |
| 2000 | 1 | -2.48% | 20,674,881.49 | 168.80 |
| 2000 | 2 | 3.94% | 21,489,668.98 | 169.80 |
| 2000 | 3 | 1.42% | 21,795,824.85 | 171.20 |
| 2000 | 4 | -2.84% | 21,177,086.29 | 171.30 |
| 2000 | 5 | 3.16% | 21,847,019.21 | 171.50 |
| 2000 | 6 | 0.85% | 22,032,793.69 | 172.40 |
| 2000 | 7 | 0.94% | 22,239,838.30 | 172.80 |
| 2000 | 8 | -1.08% | 21,999,725.75 | 172.80 |
| 2000 | 9 | -5.21% | 20,852,609.50 | 173.70 |
| 2000 | 10 | -0.77% | 20,691,509.73 | 174.00 |
| 2000 | 11 | -3.32% | 20,004,536.35 | 174.10 |
| 2000 | 12 | 0.46% | 20,095,558.52 | 174.00 |
| 2001 | 1 | -2.14% | 19,666,265.58 | 175.10 |
| 2001 | 2 | -9.08% | 17,880,587.74 | 175.80 |
| 2001 | 3 | 0.45% | 17,960,816.80 | 176.20 |
| 2001 | 4 | 6.88% | 19,196,401.20 | 176.90 |
| 2001 | 5 | -2.39% | 18,737,865.92 | 177.70 |
| 2001 | 6 | -2.66% | 18,239,396.12 | 178.00 |
| 2001 | 7 | -2.05% | 17,866,247.39 | 177.50 |
| 2001 | 8 | -11.25% | 15,856,772.52 | 177.50 |
| 2001 | 9 | 3.18% | 16,361,657.16 | 178.30 |
| 2001 | 10 | 5.05% | 17,188,435.61 | 177.70 |
| 2001 | 11 | 1.47% | 17,440,426.57 | 177.40 |
| 2001 | 12 | -0.30% | 17,388,508.29 | 176.70 |
| 2002 | 1 | -3.35% | 16,805,511.72 | 177.10 |
| 2002 | 2 | 4.95% | 17,636,589.77 | 177.80 |
| 2002 | 3 | -3.51% | 17,016,763.79 | 178.80 |
| 2002 | 4 | -2.82% | 16,536,827.85 | 179.80 |
| 2002 | 5 | -5.92% | 15,557,689.14 | 179.80 |
| 2002 | 6 | -10.76% | 13,883,915.28 | 179.90 |
| 2002 | 7 | 1.14% | 14,042,024.04 | 180.10 |
| 2002 | 8 | -4.76% | 13,373,942.42 | 180.70 |
| 2002 | 9 | -1.37% | 13,191,114.92 | 181.00 |
| 2002 | 10 | 6.63% | 14,065,102.36 | 181.30 |
| 2002 | 11 | -1.04% | 13,919,519.93 | 181.30 |
| 2002 | 12 | -0.22% | 13,888,546.56 | 180.90 |
| 2003 | 1 | -6.41% | 12,997,619.07 | 181.70 |
| 2003 | 2 | 1.31% | 13,167,614.69 | 183.10 |
| 2003 | 3 | 5.29% | 13,863,636.22 | 184.20 |
| 2003 | 4 | 5.31% | 14,600,101.92 | 183.80 |
| 2003 | 5 | 5.70% | 15,432,918.73 | 183.50 |
| 2003 | 6 | 0.60% | 15,524,883.62 | 183.70 |
| 2003 | 7 | -0.17% | 15,499,062.00 | 183.90 |
| 2003 | 8 | 3.16% | 15,989,015.38 | 184.60 |
| 2003 | 9 | 2.03% | 16,313,245.27 | 185.20 |
| 2003 | 10 | 1.21% | 16,510,731.17 | 185.00 |
| 2003 | 11 | 3.06% | 17,016,588.66 | 184.50 |
| 2003 | 12 | 4.93% | 17,856,350.74 | 184.30 |
| 2004 | 1 | 1.09% | 18,050,388.95 | 185.20 |
| 2004 | 2 | -1.57% | 17,767,864.85 | 186.20 |
| 2004 | 3 | 0.97% | 17,939,882.13 | 187.40 |
| 2004 | 4 | -2.56% | 17,479,858.09 | 188.00 |
| 2004 | 5 | 2.86% | 17,979,375.95 | 189.10 |
| 2004 | 6 | -2.24% | 17,576,857.35 | 189.70 |
| 2004 | 7 | -1.39% | 17,332,966.13 | 189.40 |
| 2004 | 8 | 2.78% | 17,815,277.49 | 189.50 |
| 2004 | 9 | 0.10% | 17,833,555.12 | 189.90 |
| 2004 | 10 | 4.77% | 18,684,910.51 | 190.90 |
| 2004 | 11 | 2.73% | 19,194,531.60 | 191.00 |
| 2004 | 12 | -1.35% | 18,935,554.84 | 190.30 |
| 2005 | 1 | 1.68% | 19,253,900.66 | 190.70 |
| 2005 | 2 | -0.26% | 19,204,689.99 | 191.80 |
| 2005 | 3 | -2.41% | 18,742,064.66 | 193.30 |
| 2005 | 4 | 1.34% | 18,992,434.39 | 194.60 |
| 2005 | 5 | 2.18% | 19,406,601.93 | 194.40 |
| 2005 | 6 | 1.81% | 19,757,432.72 | 194.50 |
| 2005 | 7 | 0.31% | 19,818,684.36 | 195.40 |
| 2005 | 8 | 0.28% | 19,874,115.34 | 196.40 |
| 2005 | 9 | -2.62% | 19,352,574.90 | 198.80 |
| 2005 | 10 | 3.96% | 20,119,235.35 | 199.20 |
| 2005 | 11 | 2.14% | 20,550,618.10 | 197.60 |
| 2005 | 12 | 1.47% | 20,852,048.44 | 196.80 |
| 2006 | 1 | -0.02% | 20,848,578.71 | 198.30 |
| 2006 | 2 | 1.49% | 21,158,417.31 | 198.70 |
| 2006 | 3 | 0.80% | 21,327,331.61 | 199.80 |
| 2006 | 4 | -0.79% | 21,159,563.22 | 201.50 |
| 2006 | 5 | -2.71% | 20,587,029.25 | 202.50 |
| 2006 | 6 | 0.72% | 20,735,264.22 | 202.90 |
| 2006 | 7 | 2.29% | 21,210,466.56 | 203.50 |
| 2006 | 8 | 2.53% | 21,747,340.27 | 203.90 |
| 2006 | 9 | 3.62% | 22,533,705.20 | 202.90 |
| 2006 | 10 | 2.00% | 22,984,749.52 | 201.80 |
| 2006 | 11 | 2.15% | 23,478,522.85 | 201.50 |
| 2006 | 12 | 0.69% | 23,641,188.28 | 201.80 |
| 2007 | 1 | 1.60% | 24,018,513.00 | 202.42 |
| 2007 | 2 | -2.47% | 23,424,321.16 | 203.50 |
| 2007 | 3 | 4.18% | 24,403,518.66 | 205.35 |
| 2007 | 4 | 3.39% | 25,231,225.77 | 206.69 |
| 2007 | 5 | 0.34% | 25,318,248.65 | 207.95 |
| 2007 | 6 | 0.57% | 25,463,732.28 | 208.35 |
| 2007 | 7 | -4.20% | 24,393,973.43 | 208.30 |
| 2007 | 8 | 3.07% | 25,144,025.54 | 207.92 |
| 2007 | 9 | 2.99% | 25,896,242.46 | 208.49 |
| 2007 | 10 | -4.81% | 24,651,588.75 | 208.94 |
| 2007 | 11 | 1.24% | 24,956,829.86 | 210.18 |
| 2007 | 12 | -6.64% | 23,300,894.94 | 210.04 |
| 2008 | 1 | -1.56% | 22,936,476.94 | 211.08 |
| 2008 | 2 | -2.63% | 22,334,019.23 | 211.69 |
| 2008 | 3 | 4.24% | 23,281,830.91 | 213.53 |
| 2008 | 4 | 2.56% | 23,878,452.10 | 214.82 |
| 2008 | 5 | -4.25% | 22,864,434.03 | 216.63 |
| 2008 | 6 | -6.08% | 21,474,625.91 | 218.82 |
| 2008 | 7 | 2.11% | 21,927,855.39 | 219.96 |
| 2008 | 8 | -4.85% | 20,864,894.66 | 219.09 |
| 2008 | 9 | -20.19% | 16,651,524.41 | 218.78 |
| 2008 | 10 | -8.61% | 15,218,602.79 | 216.57 |
| 2008 | 11 | -0.35% | 15,165,152.43 | 212.43 |
| 2008 | 12 | -1.10% | 14,999,009.60 | 210.23 |
| 2009 | 1 | -6.70% | 13,993,700.01 | 211.14 |
| 2009 | 2 | -5.69% | 13,197,817.22 | 212.19 |
| 2009 | 3 | 12.32% | 14,824,019.28 | 212.71 |
| 2009 | 4 | 6.66% | 15,811,272.53 | 213.24 |
| 2009 | 5 | 2.87% | 16,264,875.97 | 213.86 |
| 2009 | 6 | 1.28% | 16,472,682.89 | 215.69 |
| 2009 | 7 | 8.12% | 17,810,387.45 | 215.35 |
| 2009 | 8 | 3.65% | 18,460,527.73 | 215.83 |
| 2009 | 9 | 2.40% | 18,904,154.19 | 215.97 |
| 2009 | 10 | 2.09% | 19,300,068.75 | 216.18 |
| 2009 | 11 | 2.23% | 19,729,660.80 | 216.33 |
| 2009 | 12 | 1.36% | 19,997,385.96 | 215.95 |
| 2010 | 1 | -2.90% | 19,417,767.06 | 216.69 |
| 2010 | 2 | 5.94% | 20,571,771.87 | 216.74 |
| 2010 | 3 | 4.09% | 21,412,731.55 | 217.63 |
| 2010 | 4 | -5.88% | 20,153,149.75 | 218.01 |
| 2010 | 5 | -3.54% | 19,439,009.97 | 218.18 |
| 2010 | 6 | -0.16% | 19,408,087.76 | 217.97 |
| 2010 | 7 | 0.86% | 19,575,698.25 | 218.01 |
| 2010 | 8 | 3.37% | 20,235,625.29 | 218.31 |
| 2010 | 9 | 4.58% | 21,161,898.19 | 218.44 |
| 2010 | 10 | 2.49% | 21,689,022.97 | 218.71 |
| 2010 | 11 | 3.71% | 22,494,496.06 | 218.80 |
| 2010 | 12 | 3.46% | 23,273,298.96 | 219.18 |
| 2011 | 1 | 3.15% | 24,006,608.94 | 220.22 |
| 2011 | 2 | -1.11% | 23,739,544.79 | 221.31 |
| 2011 | 3 | 2.22% | 24,266,796.02 | 223.47 |
| 2011 | 4 | 0.66% | 24,426,771.19 | 224.91 |
| 2011 | 5 | -3.66% | 23,532,116.23 | 225.96 |
| 2011 | 6 | 3.10% | 24,262,020.28 | 225.72 |
| 2011 | 7 | -10.40% | 21,738,613.20 | 225.92 |
| 2011 | 8 | -0.79% | 21,567,042.28 | 226.55 |
| 2011 | 9 | 3.02% | 22,218,131.01 | 226.89 |
| 2011 | 10 | 1.77% | 22,610,752.59 | 226.42 |
| 2011 | 11 | 1.55% | 22,962,293.50 | 226.23 |
| 2011 | 12 | 4.78% | 24,060,478.50 | 225.67 |
| 2012 | 1 | 4.16% | 25,062,022.06 | 226.67 |
| 2012 | 2 | 2.88% | 25,784,770.00 | 227.66 |
| 2012 | 3 | -0.04% | 25,774,917.56 | 229.39 |
| 2012 | 4 | -3.09% | 24,978,227.17 | 230.09 |
| 2012 | 5 | -1.15% | 24,690,375.31 | 229.82 |
| 2012 | 6 | 2.92% | 25,411,602.61 | 229.48 |
| 2012 | 7 | 3.39% | 26,272,471.67 | 229.10 |
| 2012 | 8 | 3.02% | 27,066,206.67 | 230.38 |
| 2012 | 9 | -0.22% | 27,007,436.53 | 231.41 |
| 2012 | 10 | -2.84% | 26,241,102.15 | 231.32 |
| 2012 | 11 | 2.18% | 26,811,986.56 | 230.22 |
| 2012 | 12 | 4.27% | 27,956,526.29 | 229.60 |
| 2013 | 1 | 2.33% | 28,608,758.16 | 230.28 |
| 2013 | 2 | 2.72% | 29,387,618.45 | 232.17 |
| 2013 | 3 | 1.45% | 29,814,853.12 | 232.77 |
| 2013 | 4 | 4.57% | 31,178,664.94 | 232.53 |
| 2013 | 5 | -1.12% | 30,830,157.61 | 232.95 |
| 2013 | 6 | 3.25% | 31,833,518.05 | 233.50 |
| 2013 | 7 | 0.25% | 31,913,906.68 | 233.60 |
| 2013 | 8 | 1.19% | 32,294,469.60 | 233.88 |
| 2013 | 9 | 2.12% | 32,978,321.10 | 234.15 |
| 2013 | 10 | 3.86% | 34,251,282.34 | 233.55 |
| 2013 | 11 | 1.52% | 34,772,470.97 | 233.07 |
| 2013 | 12 | 0.97% | 35,109,001.61 | 233.05 |
| 2014 | 1 | -0.13% | 35,063,347.30 | 233.92 |
| 2014 | 2 | 2.72% | 36,017,866.04 | 234.78 |
| 2014 | 3 | 0.20% | 36,090,522.71 | 236.29 |
| 2014 | 4 | 1.53% | 36,643,442.06 | 237.07 |
| 2014 | 5 | 3.20% | 37,814,682.94 | 237.90 |
| 2014 | 6 | 1.50% | 38,380,323.27 | 238.34 |
| 2014 | 7 | -0.43% | 38,216,458.17 | 238.25 |
| 2014 | 8 | 1.78% | 38,895,959.72 | 237.85 |
| 2014 | 9 | -2.65% | 37,866,545.59 | 238.03 |
| 2014 | 10 | 5.71% | 40,027,078.99 | 237.43 |
| 2014 | 11 | 0.63% | 40,280,805.73 | 236.15 |
| 2014 | 12 | -1.11% | 39,833,670.42 | 234.81 |
| 2015 | 1 | 2.83% | 40,959,926.85 | 233.71 |
| 2015 | 2 | 0.06% | 40,982,603.68 | 234.72 |
| 2015 | 3 | 0.88% | 41,342,598.84 | 236.12 |
| 2015 | 4 | 0.98% | 41,747,303.16 | 236.60 |
| 2015 | 5 | -0.44% | 41,565,493.62 | 237.81 |
| 2015 | 6 | -0.08% | 41,532,394.98 | 238.64 |
| 2015 | 7 | -2.42% | 40,525,484.64 | 238.65 |
| 2015 | 8 | -4.51% | 38,698,962.34 | 238.32 |
| 2015 | 9 | 4.32% | 40,369,642.73 | 237.95 |
| 2015 | 10 | 2.93% | 41,553,470.36 | 237.84 |
| 2015 | 11 | -1.10% | 41,095,148.12 | 237.34 |
| 2015 | 12 | -6.42% | 38,456,995.05 | 236.53 |
| 2016 | 1 | -0.55% | 38,245,516.54 | 236.92 |
| 2016 | 2 | 6.36% | 40,678,974.55 | 237.11 |
| 2016 | 3 | 2.83% | 41,830,702.19 | 238.13 |
| 2016 | 4 | -0.30% | 41,703,384.07 | 239.26 |
| 2016 | 5 | 1.07% | 42,148,146.59 | 240.23 |
| 2016 | 6 | 3.30% | 43,537,955.98 | 241.02 |
| 2016 | 7 | 1.20% | 44,060,087.95 | 240.63 |
| 2016 | 8 | -0.44% | 43,866,809.02 | 240.85 |
| 2016 | 9 | -0.51% | 43,644,851.33 | 241.43 |
| 2016 | 10 | 1.20% | 44,169,096.07 | 241.73 |
| 2016 | 11 | 3.95% | 45,911,992.63 | 241.35 |
| 2016 | 12 | 1.44% | 46,572,039.38 | 241.43 |
| 2017 | 1 | 2.58% | 47,771,942.50 | 242.84 |
| 2017 | 2 | 1.75% | 48,607,596.49 | 243.60 |
| 2017 | 3 | -0.15% | 48,532,738.80 | 243.80 |
| 2017 | 4 | 1.69% | 49,354,093.93 | 244.52 |
| 2017 | 5 | 1.78% | 50,230,833.84 | 244.73 |
| 2017 | 6 | 0.99% | 50,727,056.26 | 244.96 |
| 2017 | 7 | 0.25% | 50,852,760.57 | 244.79 |
| 2017 | 8 | 1.65% | 51,693,490.47 | 245.52 |
| 2017 | 9 | 2.73% | 53,107,203.60 | 246.82 |
| 2017 | 10 | 1.59% | 53,951,379.22 | 246.66 |
| 2017 | 11 | 2.88% | 55,507,059.84 | 246.67 |
| 2017 | 12 | 4.86% | 58,205,756.62 | 246.52 |
| 2018 | 1 | -2.89% | 56,525,538.94 | 247.87 |
| 2018 | 2 | 0.06% | 56,562,042.14 | 248.99 |
| 2018 | 3 | -1.66% | 55,620,865.65 | 249.55 |
| 2018 | 4 | 1.96% | 56,711,936.30 | 250.55 |
| 2018 | 5 | 2.11% | 57,910,242.36 | 251.59 |
| 2018 | 6 | 1.58% | 58,825,653.87 | 251.99 |
| 2018 | 7 | 2.45% | 60,267,355.89 | 252.01 |
| 2018 | 8 | 1.68% | 61,279,695.44 | 252.15 |
| 2018 | 9 | -3.85% | 58,921,048.44 | 252.44 |
| 2018 | 10 | -2.08% | 57,697,783.66 | 252.89 |
| 2018 | 11 | -5.56% | 54,488,337.42 | 252.04 |
| 2018 | 12 | 1.74% | 55,434,056.84 | 251.23 |
| 2019 | 1 | 5.83% | 58,665,253.99 | 251.71 |
| 2019 | 2 | 1.95% | 59,808,066.02 | 252.78 |
| 2019 | 3 | 3.72% | 62,034,851.67 | 254.20 |
| 2019 | 4 | -1.53% | 61,084,608.92 | 255.55 |
| 2019 | 5 | 1.40% | 61,942,694.46 | 256.09 |
| 2019 | 6 | 3.83% | 64,313,454.34 | 256.14 |
| 2019 | 7 | -3.13% | 62,297,604.41 | 256.57 |
| 2019 | 8 | 3.09% | 64,219,627.20 | 256.56 |
| 2019 | 9 | 0.01% | 64,225,922.49 | 256.76 |
| 2019 | 10 | 4.43% | 67,073,502.22 | 257.35 |
| 2019 | 11 | 2.47% | 68,729,761.54 | 257.21 |
| 2019 | 12 | 3.35% | 71,029,732.56 | 256.97 |
| 2020 | 1 | 0.12% | 71,116,443.40 | 257.97 |
| 2020 | 2 | -18.92% | 57,662,841.64 | 258.68 |
| 2020 | 3 | 4.32% | 60,153,077.39 | 258.12 |
| 2020 | 4 | 5.89% | 63,694,508.83 | 256.39 |
| 2020 | 5 | 6.51% | 67,839,920.62 | 256.39 |
| 2020 | 6 | 3.48% | 70,198,331.29 | 257.80 |
| 2020 | 7 | 5.89% | 74,335,473.35 | 259.10 |
| 2020 | 8 | -0.63% | 73,869,387.98 | 259.92 |
| 2020 | 9 | 1.73% | 75,144,374.62 | 260.28 |
| 2020 | 10 | 3.95% | 78,115,670.80 | 260.39 |
| 2020 | 11 | 4.26% | 81,443,461.23 | 260.23 |
| 2020 | 12 | 2.80% | 83,720,050.10 | 260.47 |
| 2021 | 1 | 2.49% | 85,805,959.06 | 261.58 |
| 2021 | 2 | 0.82% | 86,510,732.88 | 263.01 |
| 2021 | 3 | 6.02% | 91,719,964.65 | 264.88 |
| 2021 | 4 | 0.76% | 92,417,248.73 | 267.05 |
| 2021 | 5 | 1.81% | 94,090,391.67 | 269.20 |
| 2021 | 6 | 3.07% | 96,977,274.45 | 271.70 |
| 2021 | 7 | 2.19% | 99,096,384.86 | 273.00 |
| 2021 | 8 | -0.08% | 99,012,649.57 | 273.57 |
| 2021 | 9 | 0.45% | 99,460,361.08 | 274.31 |
| 2021 | 10 | 4.74% | 104,179,500.65 | 276.59 |
| 2021 | 11 | 0.27% | 104,455,996.83 | 277.95 |
| 2021 | 12 | -2.05% | 102,312,608.99 | 278.80 |
| 2022 | 1 | -2.90% | 99,342,914.04 | 281.15 |
| 2022 | 2 | -0.89% | 98,456,195.47 | 283.72 |
| 2022 | 3 | 0.12% | 98,572,670.96 | 287.50 |
| 2022 | 4 | -7.87% | 90,812,310.43 | 289.11 |
| 2022 | 5 | -3.37% | 87,752,494.18 | 292.30 |
| 2022 | 6 | 0.46% | 88,160,267.16 | 296.31 |
| 2022 | 7 | 6.45% | 93,844,306.80 | 296.28 |
| 2022 | 8 | -7.28% | 87,014,877.33 | 296.17 |
| 2022 | 9 | -3.09% | 84,325,095.08 | 296.81 |
| 2022 | 10 | 5.29% | 88,781,755.78 | 298.01 |
| 2022 | 11 | 0.01% | 88,791,377.47 | 297.71 |
| 2022 | 12 | 1.38% | 90,013,551.98 | 296.80 |
Click to show 474 more rows
Remember, returns are based on the average closing price across the entire month. Some losses are offset by dividend returns.
Dollar-cost averaging
Dollar-cost averaging is an alternative to investing the full lump-sum of $1,000,000.00 up-front. Instead, the capital is invested over a period of time.
Consider a strategy in which $1,000,000.00 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 $73,572,864.30, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $90,013,551.98).
| Year | Month | Contribution ($) | Amount ($) |
|---|---|---|---|
| 1982 | 1 | 41666.66 | 40,672.06 |
| 1982 | 2 | 41666.66 | 79,876.02 |
| 1982 | 3 | 41666.66 | 127,979.65 |
| 1982 | 4 | 41666.66 | 170,411.17 |
| 1982 | 5 | 41666.66 | 200,697.76 |
| 1982 | 6 | 41666.66 | 242,739.87 |
| 1982 | 7 | 41666.66 | 286,448.09 |
| 1982 | 8 | 41666.66 | 367,588.34 |
| 1982 | 9 | 41666.66 | 445,408.26 |
| 1982 | 10 | 41666.66 | 508,813.47 |
| 1982 | 11 | 41666.66 | 557,769.32 |
| 1982 | 12 | 41666.66 | 622,797.24 |
| 1983 | 1 | 41666.66 | 678,451.44 |
| 1983 | 2 | 41666.66 | 747,791.97 |
| 1983 | 3 | 41666.66 | 822,437.33 |
| 1983 | 4 | 41666.66 | 902,179.68 |
| 1983 | 5 | 41666.66 | 960,250.09 |
| 1983 | 6 | 41666.66 | 1,008,866.84 |
| 1983 | 7 | 41666.66 | 1,025,100.50 |
| 1983 | 8 | 41666.66 | 1,101,968.82 |
| 1983 | 9 | 41666.66 | 1,150,900.03 |
| 1983 | 10 | 41666.66 | 1,178,808.90 |
| 1983 | 11 | 41666.66 | 1,218,763.41 |
| 1983 | 12 | 41666.82 | 1,280,144.01 |
| 1984 | 1 | - | 1,214,700.75 |
| 1984 | 2 | - | 1,220,074.11 |
| 1984 | 3 | - | 1,226,262.33 |
| 1984 | 4 | - | 1,223,165.12 |
| 1984 | 5 | - | 1,200,557.31 |
| 1984 | 6 | - | 1,189,650.87 |
| 1984 | 7 | - | 1,299,176.78 |
| 1984 | 8 | - | 1,317,455.79 |
| 1984 | 9 | - | 1,312,022.57 |
| 1984 | 10 | - | 1,328,893.90 |
| 1984 | 11 | - | 1,319,491.22 |
| 1984 | 12 | - | 1,381,475.22 |
| 1985 | 1 | - | 1,461,426.18 |
| 1985 | 2 | - | 1,454,435.91 |
| 1985 | 3 | - | 1,469,339.69 |
| 1985 | 4 | - | 1,509,535.45 |
| 1985 | 5 | - | 1,547,439.39 |
| 1985 | 6 | - | 1,582,213.76 |
| 1985 | 7 | - | 1,553,017.01 |
| 1985 | 8 | - | 1,523,742.73 |
| 1985 | 9 | - | 1,546,531.28 |
| 1985 | 10 | - | 1,645,826.56 |
| 1985 | 11 | - | 1,732,965.09 |
| 1985 | 12 | - | 1,745,992.28 |
| 1986 | 1 | - | 1,845,465.76 |
| 1986 | 2 | - | 1,959,566.69 |
| 1986 | 3 | - | 2,013,286.76 |
| 1986 | 4 | - | 2,023,188.72 |
| 1986 | 5 | - | 2,086,580.07 |
| 1986 | 6 | - | 2,048,939.97 |
| 1986 | 7 | - | 2,095,673.30 |
| 1986 | 8 | - | 2,044,198.62 |
| 1986 | 9 | - | 2,042,361.45 |
| 1986 | 10 | - | 2,114,517.05 |
| 1986 | 11 | - | 2,150,652.87 |
| 1986 | 12 | - | 2,294,173.91 |
| 1987 | 1 | - | 2,442,420.62 |
| 1987 | 2 | - | 2,549,310.94 |
| 1987 | 3 | - | 2,527,478.38 |
| 1987 | 4 | - | 2,531,846.65 |
| 1987 | 5 | - | 2,645,740.34 |
| 1987 | 6 | - | 2,728,342.91 |
| 1987 | 7 | - | 2,904,430.47 |
| 1987 | 8 | - | 2,816,413.86 |
| 1987 | 9 | - | 2,482,559.39 |
| 1987 | 10 | - | 2,177,119.82 |
| 1987 | 11 | - | 2,148,061.94 |
| 1987 | 12 | - | 2,239,280.29 |
| 1988 | 1 | - | 2,313,816.20 |
| 1988 | 2 | - | 2,388,600.10 |
| 1988 | 3 | - | 2,367,436.52 |
| 1988 | 4 | - | 2,315,630.69 |
| 1988 | 5 | - | 2,454,526.84 |
| 1988 | 6 | - | 2,446,993.40 |
| 1988 | 7 | - | 2,404,942.18 |
| 1988 | 8 | - | 2,451,289.47 |
| 1988 | 9 | - | 2,544,478.11 |
| 1988 | 10 | - | 2,493,073.35 |
| 1988 | 11 | - | 2,551,061.07 |
| 1988 | 12 | - | 2,640,671.13 |
| 1989 | 1 | - | 2,727,809.37 |
| 1989 | 2 | - | 2,723,399.62 |
| 1989 | 3 | - | 2,820,483.34 |
| 1989 | 4 | - | 2,936,554.75 |
| 1989 | 5 | - | 3,036,180.96 |
| 1989 | 6 | - | 3,121,199.35 |
| 1989 | 7 | - | 3,267,607.09 |
| 1989 | 8 | - | 3,282,492.25 |
| 1989 | 9 | - | 3,291,888.58 |
| 1989 | 10 | - | 3,232,188.51 |
| 1989 | 11 | - | 3,320,644.02 |
| 1989 | 12 | - | 3,247,217.08 |
| 1990 | 1 | - | 3,165,153.94 |
| 1990 | 2 | - | 3,250,839.94 |
| 1990 | 3 | - | 3,257,211.12 |
| 1990 | 4 | - | 3,382,643.88 |
| 1990 | 5 | - | 3,489,872.24 |
| 1990 | 6 | - | 3,495,795.38 |
| 1990 | 7 | - | 3,220,982.97 |
| 1990 | 8 | - | 3,081,158.15 |
| 1990 | 9 | - | 3,009,805.65 |
| 1990 | 10 | - | 3,099,612.67 |
| 1990 | 11 | - | 3,241,779.67 |
| 1990 | 12 | - | 3,219,567.94 |
| 1991 | 1 | - | 3,593,255.94 |
| 1991 | 2 | - | 3,702,656.94 |
| 1991 | 3 | - | 3,786,293.61 |
| 1991 | 4 | - | 3,779,520.74 |
| 1991 | 5 | - | 3,792,636.09 |
| 1991 | 6 | - | 3,822,237.08 |
| 1991 | 7 | - | 3,924,632.26 |
| 1991 | 8 | - | 3,912,736.66 |
| 1991 | 9 | - | 3,919,843.99 |
| 1991 | 10 | - | 3,920,463.14 |
| 1991 | 11 | - | 3,957,124.95 |
| 1991 | 12 | - | 4,248,291.23 |
| 1992 | 1 | - | 4,222,765.55 |
| 1992 | 2 | - | 4,180,015.20 |
| 1992 | 3 | - | 4,191,063.12 |
| 1992 | 4 | - | 4,277,749.00 |
| 1992 | 5 | - | 4,220,892.47 |
| 1992 | 6 | - | 4,301,601.56 |
| 1992 | 7 | - | 4,342,110.60 |
| 1992 | 8 | - | 4,358,531.91 |
| 1992 | 9 | - | 4,307,011.63 |
| 1992 | 10 | - | 4,425,751.77 |
| 1992 | 11 | - | 4,570,526.96 |
| 1992 | 12 | - | 4,577,057.93 |
| 1993 | 1 | - | 4,655,977.73 |
| 1993 | 2 | - | 4,756,088.36 |
| 1993 | 3 | - | 4,692,273.78 |
| 1993 | 4 | - | 4,726,279.83 |
| 1993 | 5 | - | 4,767,170.77 |
| 1993 | 6 | - | 4,770,078.92 |
| 1993 | 7 | - | 4,854,149.93 |
| 1993 | 8 | - | 4,919,922.30 |
| 1993 | 9 | - | 4,981,023.15 |
| 1993 | 10 | - | 4,981,398.96 |
| 1993 | 11 | - | 5,025,592.92 |
| 1993 | 12 | - | 5,112,831.19 |
| 1994 | 1 | - | 5,108,960.72 |
| 1994 | 2 | - | 5,036,218.41 |
| 1994 | 3 | - | 4,867,687.53 |
| 1994 | 4 | - | 4,919,199.44 |
| 1994 | 5 | - | 4,973,708.75 |
| 1994 | 6 | - | 4,947,901.41 |
| 1994 | 7 | - | 5,100,399.59 |
| 1994 | 8 | - | 5,142,093.58 |
| 1994 | 9 | - | 5,119,262.34 |
| 1994 | 10 | - | 5,100,327.01 |
| 1994 | 11 | - | 5,048,012.64 |
| 1994 | 12 | - | 5,171,748.23 |
| 1995 | 1 | - | 5,369,262.14 |
| 1995 | 2 | - | 5,506,617.00 |
| 1995 | 3 | - | 5,683,685.19 |
| 1995 | 4 | - | 5,873,961.33 |
| 1995 | 5 | - | 6,060,660.60 |
| 1995 | 6 | - | 6,275,661.33 |
| 1995 | 7 | - | 6,307,863.26 |
| 1995 | 8 | - | 6,542,368.45 |
| 1995 | 9 | - | 6,602,071.97 |
| 1995 | 10 | - | 6,757,774.27 |
| 1995 | 11 | - | 6,986,804.56 |
| 1995 | 12 | - | 6,998,163.70 |
| 1996 | 1 | - | 7,411,362.82 |
| 1996 | 2 | - | 7,396,488.43 |
| 1996 | 3 | - | 7,411,062.62 |
| 1996 | 4 | - | 7,585,580.22 |
| 1996 | 5 | - | 7,682,568.94 |
| 1996 | 6 | - | 7,415,479.47 |
| 1996 | 7 | - | 7,643,561.28 |
| 1996 | 8 | - | 7,798,246.09 |
| 1996 | 9 | - | 8,119,494.66 |
| 1996 | 10 | - | 8,529,698.18 |
| 1996 | 11 | - | 8,631,903.36 |
| 1996 | 12 | - | 8,913,091.07 |
| 1997 | 1 | - | 9,301,805.56 |
| 1997 | 2 | - | 9,243,791.56 |
| 1997 | 3 | - | 8,929,017.68 |
| 1997 | 4 | - | 9,752,079.43 |
| 1997 | 5 | - | 10,272,530.87 |
| 1997 | 6 | - | 10,861,755.50 |
| 1997 | 7 | - | 10,899,531.50 |
| 1997 | 8 | - | 11,029,454.79 |
| 1997 | 9 | - | 11,210,930.77 |
| 1997 | 10 | - | 11,081,775.99 |
| 1997 | 11 | - | 11,373,738.30 |
| 1997 | 12 | - | 11,400,704.10 |
| 1998 | 1 | - | 12,130,595.24 |
| 1998 | 2 | - | 12,775,078.28 |
| 1998 | 3 | - | 13,210,155.97 |
| 1998 | 4 | - | 13,180,848.24 |
| 1998 | 5 | - | 13,196,198.26 |
| 1998 | 6 | - | 13,785,760.37 |
| 1998 | 7 | - | 12,824,754.02 |
| 1998 | 8 | - | 12,196,539.84 |
| 1998 | 9 | - | 12,353,979.69 |
| 1998 | 10 | - | 13,709,752.89 |
| 1998 | 11 | - | 14,272,415.54 |
| 1998 | 12 | - | 14,992,842.42 |
| 1999 | 1 | - | 14,982,840.68 |
| 1999 | 2 | - | 15,420,865.50 |
| 1999 | 3 | - | 16,076,255.69 |
| 1999 | 4 | - | 16,060,367.25 |
| 1999 | 5 | - | 15,962,115.20 |
| 1999 | 6 | - | 16,683,983.87 |
| 1999 | 7 | - | 16,054,265.97 |
| 1999 | 8 | - | 15,958,258.79 |
| 1999 | 9 | - | 15,755,194.54 |
| 1999 | 10 | - | 16,874,750.73 |
| 1999 | 11 | - | 17,348,717.04 |
| 1999 | 12 | - | 17,328,083.75 |
| 2000 | 1 | - | 16,898,680.44 |
| 2000 | 2 | - | 17,564,649.60 |
| 2000 | 3 | - | 17,814,887.08 |
| 2000 | 4 | - | 17,309,159.13 |
| 2000 | 5 | - | 17,856,730.95 |
| 2000 | 6 | - | 18,008,574.31 |
| 2000 | 7 | - | 18,177,802.89 |
| 2000 | 8 | - | 17,981,546.13 |
| 2000 | 9 | - | 17,043,947.00 |
| 2000 | 10 | - | 16,912,271.59 |
| 2000 | 11 | - | 16,350,771.70 |
| 2000 | 12 | - | 16,425,168.96 |
| 2001 | 1 | - | 16,074,285.01 |
| 2001 | 2 | - | 14,614,755.52 |
| 2001 | 3 | - | 14,680,331.00 |
| 2001 | 4 | - | 15,690,239.85 |
| 2001 | 5 | - | 15,315,454.57 |
| 2001 | 6 | - | 14,908,028.69 |
| 2001 | 7 | - | 14,603,034.38 |
| 2001 | 8 | - | 12,960,583.68 |
| 2001 | 9 | - | 13,373,252.75 |
| 2001 | 10 | - | 14,049,022.76 |
| 2001 | 11 | - | 14,254,988.37 |
| 2001 | 12 | - | 14,212,552.81 |
| 2002 | 1 | - | 13,736,038.70 |
| 2002 | 2 | - | 14,415,323.00 |
| 2002 | 3 | - | 13,908,706.25 |
| 2002 | 4 | - | 13,516,429.08 |
| 2002 | 5 | - | 12,716,126.92 |
| 2002 | 6 | - | 11,348,062.51 |
| 2002 | 7 | - | 11,477,293.21 |
| 2002 | 8 | - | 10,931,234.57 |
| 2002 | 9 | - | 10,781,799.92 |
| 2002 | 10 | - | 11,496,156.35 |
| 2002 | 11 | - | 11,377,164.09 |
| 2002 | 12 | - | 11,351,847.90 |
| 2003 | 1 | - | 10,623,645.48 |
| 2003 | 2 | - | 10,762,591.94 |
| 2003 | 3 | - | 11,331,487.36 |
| 2003 | 4 | - | 11,933,439.95 |
| 2003 | 5 | - | 12,614,145.43 |
| 2003 | 6 | - | 12,689,313.23 |
| 2003 | 7 | - | 12,668,207.84 |
| 2003 | 8 | - | 13,068,672.81 |
| 2003 | 9 | - | 13,333,683.14 |
| 2003 | 10 | - | 13,495,098.87 |
| 2003 | 11 | - | 13,908,563.10 |
| 2003 | 12 | - | 14,594,945.32 |
| 2004 | 1 | - | 14,753,543.08 |
| 2004 | 2 | - | 14,522,621.10 |
| 2004 | 3 | - | 14,663,219.98 |
| 2004 | 4 | - | 14,287,217.86 |
| 2004 | 5 | - | 14,695,500.38 |
| 2004 | 6 | - | 14,366,500.51 |
| 2004 | 7 | - | 14,167,155.24 |
| 2004 | 8 | - | 14,561,373.97 |
| 2004 | 9 | - | 14,576,313.26 |
| 2004 | 10 | - | 15,272,171.30 |
| 2004 | 11 | - | 15,688,711.72 |
| 2004 | 12 | - | 15,477,036.24 |
| 2005 | 1 | - | 15,737,237.22 |
| 2005 | 2 | - | 15,697,014.72 |
| 2005 | 3 | - | 15,318,886.43 |
| 2005 | 4 | - | 15,523,526.93 |
| 2005 | 5 | - | 15,862,048.09 |
| 2005 | 6 | - | 16,148,800.76 |
| 2005 | 7 | - | 16,198,864.98 |
| 2005 | 8 | - | 16,244,171.67 |
| 2005 | 9 | - | 15,817,888.92 |
| 2005 | 10 | - | 16,444,521.29 |
| 2005 | 11 | - | 16,797,113.36 |
| 2005 | 12 | - | 17,043,488.42 |
| 2006 | 1 | - | 17,040,652.42 |
| 2006 | 2 | - | 17,293,899.99 |
| 2006 | 3 | - | 17,431,962.63 |
| 2006 | 4 | - | 17,294,836.60 |
| 2006 | 5 | - | 16,826,874.13 |
| 2006 | 6 | - | 16,948,034.46 |
| 2006 | 7 | - | 17,336,442.61 |
| 2006 | 8 | - | 17,775,258.05 |
| 2006 | 9 | - | 18,417,995.94 |
| 2006 | 10 | - | 18,786,658.46 |
| 2006 | 11 | - | 19,190,245.66 |
| 2006 | 12 | - | 19,323,200.77 |
| 2007 | 1 | - | 19,631,608.34 |
| 2007 | 2 | - | 19,145,943.74 |
| 2007 | 3 | - | 19,946,293.95 |
| 2007 | 4 | - | 20,622,823.00 |
| 2007 | 5 | - | 20,693,951.42 |
| 2007 | 6 | - | 20,812,862.93 |
| 2007 | 7 | - | 19,938,492.12 |
| 2007 | 8 | - | 20,551,549.60 |
| 2007 | 9 | - | 21,166,376.51 |
| 2007 | 10 | - | 20,149,054.83 |
| 2007 | 11 | - | 20,398,544.62 |
| 2007 | 12 | - | 19,045,060.93 |
| 2008 | 1 | - | 18,747,202.71 |
| 2008 | 2 | - | 18,254,781.98 |
| 2008 | 3 | - | 19,029,478.88 |
| 2008 | 4 | - | 19,517,129.11 |
| 2008 | 5 | - | 18,688,318.20 |
| 2008 | 6 | - | 17,552,354.10 |
| 2008 | 7 | - | 17,922,802.66 |
| 2008 | 8 | - | 17,053,988.31 |
| 2008 | 9 | - | 13,610,176.68 |
| 2008 | 10 | - | 12,438,973.61 |
| 2008 | 11 | - | 12,395,285.79 |
| 2008 | 12 | - | 12,259,488.42 |
| 2009 | 1 | - | 11,437,795.41 |
| 2009 | 2 | - | 10,787,278.07 |
| 2009 | 3 | - | 12,116,459.52 |
| 2009 | 4 | - | 12,923,394.12 |
| 2009 | 5 | - | 13,294,148.34 |
| 2009 | 6 | - | 13,463,999.99 |
| 2009 | 7 | - | 14,557,377.09 |
| 2009 | 8 | - | 15,088,771.32 |
| 2009 | 9 | - | 15,451,370.82 |
| 2009 | 10 | - | 15,774,972.85 |
| 2009 | 11 | - | 16,126,101.29 |
| 2009 | 12 | - | 16,344,927.30 |
| 2010 | 1 | - | 15,871,173.94 |
| 2010 | 2 | - | 16,814,403.46 |
| 2010 | 3 | - | 17,501,764.54 |
| 2010 | 4 | - | 16,472,241.34 |
| 2010 | 5 | - | 15,888,536.91 |
| 2010 | 6 | - | 15,863,262.53 |
| 2010 | 7 | - | 16,000,259.51 |
| 2010 | 8 | - | 16,539,652.98 |
| 2010 | 9 | - | 17,296,745.10 |
| 2010 | 10 | - | 17,727,592.22 |
| 2010 | 11 | - | 18,385,948.22 |
| 2010 | 12 | - | 19,022,505.26 |
| 2011 | 1 | - | 19,621,878.52 |
| 2011 | 2 | - | 19,403,592.78 |
| 2011 | 3 | - | 19,834,543.26 |
| 2011 | 4 | - | 19,965,299.48 |
| 2011 | 5 | - | 19,234,050.38 |
| 2011 | 6 | - | 19,830,639.79 |
| 2011 | 7 | - | 17,768,124.95 |
| 2011 | 8 | - | 17,627,890.92 |
| 2011 | 9 | - | 18,160,060.37 |
| 2011 | 10 | - | 18,480,970.87 |
| 2011 | 11 | - | 18,768,303.96 |
| 2011 | 12 | - | 19,665,908.98 |
| 2012 | 1 | - | 20,484,523.80 |
| 2012 | 2 | - | 21,075,264.14 |
| 2012 | 3 | - | 21,067,211.21 |
| 2012 | 4 | - | 20,416,033.78 |
| 2012 | 5 | - | 20,180,757.14 |
| 2012 | 6 | - | 20,770,254.58 |
| 2012 | 7 | - | 21,473,888.66 |
| 2012 | 8 | - | 22,122,650.50 |
| 2012 | 9 | - | 22,074,614.53 |
| 2012 | 10 | - | 21,448,248.68 |
| 2012 | 11 | - | 21,914,862.88 |
| 2012 | 12 | - | 22,850,356.08 |
| 2013 | 1 | - | 23,383,459.89 |
| 2013 | 2 | - | 24,020,063.83 |
| 2013 | 3 | - | 24,369,265.46 |
| 2013 | 4 | - | 25,483,981.40 |
| 2013 | 5 | - | 25,199,127.82 |
| 2013 | 6 | - | 26,019,227.68 |
| 2013 | 7 | - | 26,084,933.59 |
| 2013 | 8 | - | 26,395,987.90 |
| 2013 | 9 | - | 26,954,936.12 |
| 2013 | 10 | - | 27,995,395.05 |
| 2013 | 11 | - | 28,421,390.24 |
| 2013 | 12 | - | 28,696,454.63 |
| 2014 | 1 | - | 28,659,138.94 |
| 2014 | 2 | - | 29,439,317.88 |
| 2014 | 3 | - | 29,498,704.05 |
| 2014 | 4 | - | 29,950,634.44 |
| 2014 | 5 | - | 30,907,951.91 |
| 2014 | 6 | - | 31,370,279.85 |
| 2014 | 7 | - | 31,236,344.18 |
| 2014 | 8 | - | 31,791,736.94 |
| 2014 | 9 | - | 30,950,342.02 |
| 2014 | 10 | - | 32,716,260.90 |
| 2014 | 11 | - | 32,923,645.25 |
| 2014 | 12 | - | 32,558,177.78 |
| 2015 | 1 | - | 33,478,727.07 |
| 2015 | 2 | - | 33,497,262.05 |
| 2015 | 3 | - | 33,791,505.24 |
| 2015 | 4 | - | 34,122,291.61 |
| 2015 | 5 | - | 33,973,689.01 |
| 2015 | 6 | - | 33,946,635.73 |
| 2015 | 7 | - | 33,123,634.34 |
| 2015 | 8 | - | 31,630,720.51 |
| 2015 | 9 | - | 32,996,256.46 |
| 2015 | 10 | - | 33,963,861.76 |
| 2015 | 11 | - | 33,589,250.61 |
| 2015 | 12 | - | 31,432,947.77 |
| 2016 | 1 | - | 31,260,095.13 |
| 2016 | 2 | - | 33,249,089.81 |
| 2016 | 3 | - | 34,190,458.08 |
| 2016 | 4 | - | 34,086,394.21 |
| 2016 | 5 | - | 34,449,922.27 |
| 2016 | 6 | - | 35,585,887.42 |
| 2016 | 7 | - | 36,012,653.66 |
| 2016 | 8 | - | 35,854,676.50 |
| 2016 | 9 | - | 35,673,258.68 |
| 2016 | 10 | - | 36,101,751.79 |
| 2016 | 11 | - | 37,526,313.86 |
| 2016 | 12 | - | 38,065,805.18 |
| 2017 | 1 | - | 39,046,549.83 |
| 2017 | 2 | - | 39,729,574.29 |
| 2017 | 3 | - | 39,668,389.11 |
| 2017 | 4 | - | 40,339,726.35 |
| 2017 | 5 | - | 41,056,332.52 |
| 2017 | 6 | - | 41,461,921.50 |
| 2017 | 7 | - | 41,564,666.32 |
| 2017 | 8 | - | 42,251,839.59 |
| 2017 | 9 | - | 43,407,342.54 |
| 2017 | 10 | - | 44,097,332.17 |
| 2017 | 11 | - | 45,368,872.70 |
| 2017 | 12 | - | 47,574,661.13 |
| 2018 | 1 | - | 46,201,329.85 |
| 2018 | 2 | - | 46,231,165.85 |
| 2018 | 3 | - | 45,461,892.24 |
| 2018 | 4 | - | 46,353,682.32 |
| 2018 | 5 | - | 47,333,121.61 |
| 2018 | 6 | - | 48,081,336.13 |
| 2018 | 7 | - | 49,259,715.89 |
| 2018 | 8 | - | 50,087,154.85 |
| 2018 | 9 | - | 48,159,307.19 |
| 2018 | 10 | - | 47,159,467.81 |
| 2018 | 11 | - | 44,536,216.68 |
| 2018 | 12 | - | 45,309,203.46 |
| 2019 | 1 | - | 47,950,232.78 |
| 2019 | 2 | - | 48,884,313.84 |
| 2019 | 3 | - | 50,704,384.20 |
| 2019 | 4 | - | 49,927,700.26 |
| 2019 | 5 | - | 50,629,059.21 |
| 2019 | 6 | - | 52,566,807.38 |
| 2019 | 7 | - | 50,919,146.00 |
| 2019 | 8 | - | 52,490,117.46 |
| 2019 | 9 | - | 52,495,262.94 |
| 2019 | 10 | - | 54,822,741.33 |
| 2019 | 11 | - | 56,176,490.18 |
| 2019 | 12 | - | 58,056,378.84 |
| 2020 | 1 | - | 58,127,252.22 |
| 2020 | 2 | - | 47,130,907.84 |
| 2020 | 3 | - | 49,166,309.99 |
| 2020 | 4 | - | 52,060,910.29 |
| 2020 | 5 | - | 55,449,175.86 |
| 2020 | 6 | - | 57,376,830.36 |
| 2020 | 7 | - | 60,758,336.64 |
| 2020 | 8 | - | 60,377,380.27 |
| 2020 | 9 | - | 61,419,494.68 |
| 2020 | 10 | - | 63,848,093.10 |
| 2020 | 11 | - | 66,568,073.24 |
| 2020 | 12 | - | 68,428,850.43 |
| 2021 | 1 | - | 70,133,774.78 |
| 2021 | 2 | - | 70,709,823.91 |
| 2021 | 3 | - | 74,967,606.14 |
| 2021 | 4 | - | 75,537,533.51 |
| 2021 | 5 | - | 76,905,082.24 |
| 2021 | 6 | - | 79,264,685.10 |
| 2021 | 7 | - | 80,996,746.77 |
| 2021 | 8 | - | 80,928,305.46 |
| 2021 | 9 | - | 81,294,243.89 |
| 2021 | 10 | - | 85,151,447.70 |
| 2021 | 11 | - | 85,377,442.74 |
| 2021 | 12 | - | 83,625,537.83 |
| 2022 | 1 | - | 81,198,248.18 |
| 2022 | 2 | - | 80,473,485.93 |
| 2022 | 3 | - | 80,568,687.53 |
| 2022 | 4 | - | 74,225,732.07 |
| 2022 | 5 | - | 71,724,781.48 |
| 2022 | 6 | - | 72,058,076.02 |
| 2022 | 7 | - | 76,703,943.99 |
| 2022 | 8 | - | 71,121,887.99 |
| 2022 | 9 | - | 68,923,385.87 |
| 2022 | 10 | - | 72,566,051.74 |
| 2022 | 11 | - | 72,573,916.05 |
| 2022 | 12 | - | 73,572,864.30 |
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 | $4,573.82 |
| Change in price | +3,799.25% +9.59% / yr |
| Change incl. dividends | +8,901.36% +11.60% / yr |
| Change incl. dividends, inflation-adjusted | +2,868.10% +8.62% / yr |
| Final amount, nominal ($1000000 base) | $90,013,551.98 |
| Final amount, inflation-adjusted ($1000000 base) | $29,680,965.75 |