If you invested $100 in the S&P 500 at the beginning of 1975, you would have about $28,668.08 at the end of 2024, assuming you reinvested all dividends. This is a return on investment of 28,568.08%, or 12.13% per year.
This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 4,786.03% cumulatively, or 8.19% per year.
If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $21,442.41.
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:
The nominal return on investment of $100 is $28,568.08, or 28,568.08%. This means by 2024 you would have $28,668.08 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 1975 was 53.800 and the CPI in 2024 was 315.664.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 49 years.
Adjusted for inflation, the $28,668.08 nominal end value of the original $100 investment would have a real return of roughly $4,786.03 in 1975 dollars. This means the inflation-adjusted return is 4,786.03% as opposed to the original 28,568.08%.
For more information on inflation, see our U.S. inflation calculator for 1975.
The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 593-month period between 1975 and 2024.
Note that data shown is the monthly average closing price. Returns include dividends.
Year | Month | Return (%) | Amount ($) | CPI |
---|---|---|---|---|
1975 | 1 | 10.81% | 110.81 | 52.10 |
1975 | 2 | 4.97% | 116.32 | 52.50 |
1975 | 3 | 1.49% | 118.05 | 52.70 |
1975 | 4 | 6.71% | 125.97 | 52.90 |
1975 | 5 | 2.89% | 129.62 | 53.20 |
1975 | 6 | 0.43% | 130.18 | 53.60 |
1975 | 7 | -7.00% | 121.07 | 54.20 |
1975 | 8 | -0.85% | 120.04 | 54.30 |
1975 | 9 | 4.97% | 126.01 | 54.60 |
1975 | 10 | 2.04% | 128.58 | 54.90 |
1975 | 11 | -1.18% | 127.06 | 55.30 |
1975 | 12 | 9.55% | 139.19 | 55.50 |
1976 | 1 | 4.18% | 145.01 | 55.60 |
1976 | 2 | 0.80% | 146.17 | 55.80 |
1976 | 3 | 1.10% | 147.77 | 55.90 |
1976 | 4 | -0.38% | 147.20 | 56.10 |
1976 | 5 | 0.90% | 148.53 | 56.50 |
1976 | 6 | 2.67% | 152.49 | 56.80 |
1976 | 7 | -0.56% | 151.63 | 57.10 |
1976 | 8 | 2.44% | 155.33 | 57.40 |
1976 | 9 | -3.11% | 150.50 | 57.60 |
1976 | 10 | -0.37% | 149.95 | 57.90 |
1976 | 11 | 3.79% | 155.63 | 58.00 |
1976 | 12 | -0.54% | 154.79 | 58.20 |
1977 | 1 | -2.37% | 151.13 | 58.50 |
1977 | 2 | -0.05% | 151.04 | 59.10 |
1977 | 3 | -1.19% | 149.24 | 59.50 |
1977 | 4 | 0.06% | 149.34 | 60.00 |
1977 | 5 | 0.90% | 150.68 | 60.30 |
1977 | 6 | 1.28% | 152.61 | 60.70 |
1977 | 7 | -2.08% | 149.44 | 61.00 |
1977 | 8 | -1.18% | 147.69 | 61.20 |
1977 | 9 | -2.20% | 144.44 | 61.40 |
1977 | 10 | 0.98% | 145.86 | 61.60 |
1977 | 11 | -0.08% | 145.74 | 61.90 |
1977 | 12 | -3.39% | 140.80 | 62.10 |
1978 | 1 | -0.97% | 139.43 | 62.50 |
1978 | 2 | 0.27% | 139.80 | 62.90 |
1978 | 3 | 4.83% | 146.55 | 63.40 |
1978 | 4 | 5.50% | 154.62 | 63.90 |
1978 | 5 | 0.67% | 155.66 | 64.50 |
1978 | 6 | -0.06% | 155.56 | 65.20 |
1978 | 7 | 7.33% | 166.96 | 65.70 |
1978 | 8 | 0.40% | 167.63 | 66.00 |
1978 | 9 | -2.77% | 162.98 | 66.50 |
1978 | 10 | -5.44% | 154.12 | 67.10 |
1978 | 11 | 1.92% | 157.08 | 67.40 |
1978 | 12 | 4.19% | 163.66 | 67.70 |
1979 | 1 | -1.06% | 161.93 | 68.30 |
1979 | 2 | 2.34% | 165.72 | 69.10 |
1979 | 3 | 2.43% | 169.75 | 69.80 |
1979 | 4 | -1.89% | 166.53 | 70.60 |
1979 | 5 | 2.42% | 170.56 | 71.50 |
1979 | 6 | 1.42% | 172.98 | 72.30 |
1979 | 7 | 5.01% | 181.66 | 73.10 |
1979 | 8 | 1.54% | 184.46 | 73.80 |
1979 | 9 | -3.35% | 178.27 | 74.60 |
1979 | 10 | -0.32% | 177.70 | 75.20 |
1979 | 11 | 4.40% | 185.52 | 75.90 |
1979 | 12 | 3.31% | 191.67 | 76.70 |
1980 | 1 | 4.40% | 200.09 | 77.80 |
1980 | 2 | -8.78% | 182.53 | 78.90 |
1980 | 3 | -1.16% | 180.41 | 80.10 |
1980 | 4 | 5.04% | 189.49 | 81.00 |
1980 | 5 | 6.86% | 202.50 | 81.80 |
1980 | 6 | 4.97% | 212.56 | 82.70 |
1980 | 7 | 3.50% | 220.01 | 82.70 |
1980 | 8 | 2.84% | 226.25 | 83.30 |
1980 | 9 | 3.32% | 233.77 | 84.00 |
1980 | 10 | 4.61% | 244.56 | 84.80 |
1980 | 11 | -1.24% | 241.52 | 85.50 |
1980 | 12 | 0.01% | 241.54 | 86.30 |
1981 | 1 | -3.07% | 234.12 | 87.00 |
1981 | 2 | 4.14% | 243.83 | 87.90 |
1981 | 3 | 1.29% | 246.98 | 88.50 |
1981 | 4 | -1.62% | 242.99 | 89.10 |
1981 | 5 | 0.86% | 245.07 | 89.80 |
1981 | 6 | -2.02% | 240.13 | 90.60 |
1981 | 7 | 0.80% | 242.06 | 91.60 |
1981 | 8 | -8.30% | 221.96 | 92.30 |
1981 | 9 | 1.73% | 225.79 | 93.20 |
1981 | 10 | 3.04% | 232.66 | 93.40 |
1981 | 11 | 1.18% | 235.41 | 93.70 |
1981 | 12 | -4.80% | 224.10 | 94.00 |
1982 | 1 | -1.91% | 219.81 | 94.30 |
1982 | 2 | -2.74% | 213.78 | 94.60 |
1982 | 3 | 5.47% | 225.47 | 94.50 |
1982 | 4 | 0.57% | 226.75 | 94.90 |
1982 | 5 | -5.27% | 214.80 | 95.80 |
1982 | 6 | 0.24% | 215.33 | 97.00 |
1982 | 7 | 0.79% | 217.04 | 97.50 |
1982 | 8 | 12.10% | 243.29 | 97.70 |
1982 | 9 | 8.88% | 264.90 | 97.90 |
1982 | 10 | 4.50% | 276.82 | 98.20 |
1982 | 11 | 1.36% | 280.57 | 98.00 |
1982 | 12 | 3.93% | 291.58 | 97.60 |
1983 | 1 | 2.13% | 297.79 | 97.80 |
1983 | 2 | 3.87% | 309.31 | 97.90 |
1983 | 3 | 4.20% | 322.29 | 97.90 |
1983 | 4 | 4.42% | 336.55 | 98.60 |
1983 | 5 | 1.75% | 342.45 | 99.20 |
1983 | 6 | 0.71% | 344.87 | 99.50 |
1983 | 7 | -2.41% | 336.57 | 99.90 |
1983 | 8 | 3.31% | 347.73 | 100.20 |
1983 | 9 | 0.65% | 349.98 | 100.70 |
1983 | 10 | -1.14% | 345.98 | 101.00 |
1983 | 11 | -0.13% | 345.54 | 101.20 |
1983 | 12 | 1.58% | 350.99 | 101.30 |
1984 | 1 | -5.11% | 333.04 | 101.90 |
1984 | 2 | 0.44% | 334.52 | 102.40 |
1984 | 3 | 0.51% | 336.21 | 102.60 |
1984 | 4 | -0.25% | 335.36 | 103.10 |
1984 | 5 | -1.85% | 329.17 | 103.40 |
1984 | 6 | -0.91% | 326.17 | 103.70 |
1984 | 7 | 9.21% | 356.20 | 104.10 |
1984 | 8 | 1.41% | 361.22 | 104.50 |
1984 | 9 | -0.41% | 359.73 | 105.00 |
1984 | 10 | 1.29% | 364.35 | 105.30 |
1984 | 11 | -0.71% | 361.77 | 105.30 |
1984 | 12 | 4.70% | 378.77 | 105.30 |
1985 | 1 | 5.79% | 400.69 | 105.50 |
1985 | 2 | -0.48% | 398.77 | 106.00 |
1985 | 3 | 1.02% | 402.86 | 106.40 |
1985 | 4 | 2.74% | 413.88 | 106.90 |
1985 | 5 | 2.51% | 424.27 | 107.30 |
1985 | 6 | 2.25% | 433.81 | 107.60 |
1985 | 7 | -1.85% | 425.80 | 107.80 |
1985 | 8 | -1.88% | 417.78 | 108.00 |
1985 | 9 | 1.50% | 424.02 | 108.30 |
1985 | 10 | 6.42% | 451.25 | 108.70 |
1985 | 11 | 5.29% | 475.14 | 109.00 |
1985 | 12 | 0.75% | 478.71 | 109.30 |
1986 | 1 | 5.70% | 505.98 | 109.60 |
1986 | 2 | 6.18% | 537.27 | 109.30 |
1986 | 3 | 2.74% | 552.00 | 108.80 |
1986 | 4 | 0.49% | 554.71 | 108.60 |
1986 | 5 | 3.13% | 572.09 | 108.90 |
1986 | 6 | -1.80% | 561.77 | 109.50 |
1986 | 7 | 2.28% | 574.59 | 109.50 |
1986 | 8 | -2.46% | 560.47 | 109.70 |
1986 | 9 | -0.09% | 559.97 | 110.20 |
1986 | 10 | 3.53% | 579.75 | 110.30 |
1986 | 11 | 1.71% | 589.66 | 110.40 |
1986 | 12 | 6.67% | 629.01 | 110.50 |
1987 | 1 | 6.46% | 669.66 | 111.20 |
1987 | 2 | 4.38% | 698.96 | 111.60 |
1987 | 3 | -0.86% | 692.98 | 112.10 |
1987 | 4 | 0.17% | 694.17 | 112.70 |
1987 | 5 | 4.50% | 725.40 | 113.10 |
1987 | 6 | 3.12% | 748.05 | 113.50 |
1987 | 7 | 6.45% | 796.33 | 113.80 |
1987 | 8 | -3.03% | 772.20 | 114.40 |
1987 | 9 | -11.85% | 680.66 | 115.00 |
1987 | 10 | -12.30% | 596.92 | 115.30 |
1987 | 11 | -1.33% | 588.95 | 115.40 |
1987 | 12 | 4.25% | 613.96 | 115.40 |
1988 | 1 | 3.33% | 634.39 | 115.70 |
1988 | 2 | 3.23% | 654.90 | 116.00 |
1988 | 3 | -0.89% | 649.10 | 116.50 |
1988 | 4 | -2.19% | 634.89 | 117.10 |
1988 | 5 | 6.00% | 672.97 | 117.50 |
1988 | 6 | -0.31% | 670.91 | 118.00 |
1988 | 7 | -1.72% | 659.38 | 118.50 |
1988 | 8 | 1.93% | 672.09 | 119.00 |
1988 | 9 | 3.80% | 697.64 | 119.80 |
1988 | 10 | -2.02% | 683.54 | 120.20 |
1988 | 11 | 2.33% | 699.44 | 120.30 |
1988 | 12 | 3.51% | 724.01 | 120.50 |
1989 | 1 | 3.30% | 747.90 | 121.10 |
1989 | 2 | -0.16% | 746.69 | 121.60 |
1989 | 3 | 3.56% | 773.31 | 122.30 |
1989 | 4 | 4.12% | 805.14 | 123.10 |
1989 | 5 | 3.39% | 832.45 | 123.80 |
1989 | 6 | 2.80% | 855.76 | 124.10 |
1989 | 7 | 4.69% | 895.90 | 124.40 |
1989 | 8 | 0.46% | 899.98 | 124.60 |
1989 | 9 | 0.29% | 902.56 | 125.00 |
1989 | 10 | -1.81% | 886.19 | 125.60 |
1989 | 11 | 2.74% | 910.44 | 125.90 |
1989 | 12 | -2.21% | 890.31 | 126.10 |
1990 | 1 | -2.53% | 867.81 | 127.40 |
1990 | 2 | 2.71% | 891.31 | 128.00 |
1990 | 3 | 0.20% | 893.05 | 128.70 |
1990 | 4 | 3.85% | 927.44 | 128.90 |
1990 | 5 | 3.17% | 956.84 | 129.20 |
1990 | 6 | 0.17% | 958.47 | 129.90 |
1990 | 7 | -7.86% | 883.12 | 130.40 |
1990 | 8 | -4.34% | 844.78 | 131.60 |
1990 | 9 | -2.32% | 825.22 | 132.70 |
1990 | 10 | 2.98% | 849.84 | 133.50 |
1990 | 11 | 4.59% | 888.82 | 133.80 |
1990 | 12 | -0.69% | 882.73 | 133.80 |
1991 | 1 | 11.61% | 985.19 | 134.60 |
1991 | 2 | 3.04% | 1,015.18 | 134.80 |
1991 | 3 | 2.26% | 1,038.11 | 135.00 |
1991 | 4 | -0.18% | 1,036.26 | 135.20 |
1991 | 5 | 0.35% | 1,039.85 | 135.60 |
1991 | 6 | 0.78% | 1,047.97 | 136.00 |
1991 | 7 | 2.68% | 1,076.04 | 136.20 |
1991 | 8 | -0.30% | 1,072.78 | 136.60 |
1991 | 9 | 0.18% | 1,074.73 | 137.20 |
1991 | 10 | 0.02% | 1,074.90 | 137.40 |
1991 | 11 | 0.94% | 1,084.95 | 137.80 |
1991 | 12 | 7.36% | 1,164.78 | 137.90 |
1992 | 1 | -0.60% | 1,157.78 | 138.10 |
1992 | 2 | -1.01% | 1,146.06 | 138.60 |
1992 | 3 | 0.26% | 1,149.09 | 139.30 |
1992 | 4 | 2.07% | 1,172.86 | 139.50 |
1992 | 5 | -1.33% | 1,157.27 | 139.70 |
1992 | 6 | 1.91% | 1,179.40 | 140.20 |
1992 | 7 | 0.94% | 1,190.51 | 140.50 |
1992 | 8 | 0.38% | 1,195.01 | 140.90 |
1992 | 9 | -1.18% | 1,180.88 | 141.30 |
1992 | 10 | 2.76% | 1,213.44 | 141.80 |
1992 | 11 | 3.27% | 1,253.13 | 142.00 |
1992 | 12 | 0.14% | 1,254.92 | 141.90 |
1993 | 1 | 1.72% | 1,276.56 | 142.60 |
1993 | 2 | 2.15% | 1,304.01 | 143.10 |
1993 | 3 | -1.34% | 1,286.51 | 143.60 |
1993 | 4 | 0.72% | 1,295.84 | 144.00 |
1993 | 5 | 0.87% | 1,307.05 | 144.20 |
1993 | 6 | 0.06% | 1,307.85 | 144.40 |
1993 | 7 | 1.76% | 1,330.90 | 144.40 |
1993 | 8 | 1.35% | 1,348.93 | 144.80 |
1993 | 9 | 1.24% | 1,365.68 | 145.10 |
1993 | 10 | 0.01% | 1,365.78 | 145.70 |
1993 | 11 | 0.89% | 1,377.90 | 145.80 |
1993 | 12 | 1.74% | 1,401.82 | 145.80 |
1994 | 1 | -0.08% | 1,400.76 | 146.20 |
1994 | 2 | -1.42% | 1,380.81 | 146.70 |
1994 | 3 | -3.35% | 1,334.61 | 147.20 |
1994 | 4 | 1.06% | 1,348.73 | 147.40 |
1994 | 5 | 1.11% | 1,363.68 | 147.50 |
1994 | 6 | -0.52% | 1,356.60 | 148.00 |
1994 | 7 | 3.08% | 1,398.41 | 148.40 |
1994 | 8 | 0.82% | 1,409.84 | 149.00 |
1994 | 9 | -0.44% | 1,403.58 | 149.40 |
1994 | 10 | -0.37% | 1,398.39 | 149.50 |
1994 | 11 | -1.03% | 1,384.05 | 149.70 |
1994 | 12 | 2.45% | 1,417.97 | 149.70 |
1995 | 1 | 3.82% | 1,472.13 | 150.30 |
1995 | 2 | 2.56% | 1,509.79 | 150.90 |
1995 | 3 | 3.22% | 1,558.33 | 151.40 |
1995 | 4 | 3.35% | 1,610.50 | 151.90 |
1995 | 5 | 3.18% | 1,661.69 | 152.20 |
1995 | 6 | 3.55% | 1,720.64 | 152.50 |
1995 | 7 | 0.51% | 1,729.47 | 152.50 |
1995 | 8 | 3.72% | 1,793.77 | 152.90 |
1995 | 9 | 0.91% | 1,810.14 | 153.20 |
1995 | 10 | 2.36% | 1,852.83 | 153.70 |
1995 | 11 | 3.39% | 1,915.62 | 153.60 |
1995 | 12 | 0.16% | 1,918.73 | 153.50 |
1996 | 1 | 5.90% | 2,032.02 | 154.40 |
1996 | 2 | -0.20% | 2,027.95 | 154.90 |
1996 | 3 | 0.20% | 2,031.94 | 155.70 |
1996 | 4 | 2.35% | 2,079.79 | 156.30 |
1996 | 5 | 1.28% | 2,106.38 | 156.60 |
1996 | 6 | -3.48% | 2,033.15 | 156.70 |
1996 | 7 | 3.08% | 2,095.69 | 157.00 |
1996 | 8 | 2.02% | 2,138.10 | 157.30 |
1996 | 9 | 4.12% | 2,226.18 | 157.80 |
1996 | 10 | 5.05% | 2,338.65 | 158.30 |
1996 | 11 | 1.20% | 2,366.67 | 158.60 |
1996 | 12 | 3.26% | 2,443.76 | 158.60 |
1997 | 1 | 4.36% | 2,550.34 | 159.10 |
1997 | 2 | -0.62% | 2,534.43 | 159.60 |
1997 | 3 | -3.41% | 2,448.13 | 160.00 |
1997 | 4 | 9.22% | 2,673.79 | 160.20 |
1997 | 5 | 5.34% | 2,816.49 | 160.10 |
1997 | 6 | 5.74% | 2,978.04 | 160.30 |
1997 | 7 | 0.35% | 2,988.40 | 160.50 |
1997 | 8 | 1.19% | 3,024.02 | 160.80 |
1997 | 9 | 1.65% | 3,073.78 | 161.20 |
1997 | 10 | -1.15% | 3,038.37 | 161.60 |
1997 | 11 | 2.63% | 3,118.42 | 161.50 |
1997 | 12 | 0.24% | 3,125.81 | 161.30 |
1998 | 1 | 6.40% | 3,325.93 | 161.60 |
1998 | 2 | 5.31% | 3,502.63 | 161.90 |
1998 | 3 | 3.41% | 3,621.92 | 162.20 |
1998 | 4 | -0.22% | 3,613.88 | 162.50 |
1998 | 5 | 0.12% | 3,618.09 | 162.80 |
1998 | 6 | 4.47% | 3,779.74 | 163.00 |
1998 | 7 | -6.97% | 3,516.25 | 163.20 |
1998 | 8 | -4.90% | 3,344.01 | 163.40 |
1998 | 9 | 1.29% | 3,387.18 | 163.60 |
1998 | 10 | 10.97% | 3,758.90 | 164.00 |
1998 | 11 | 4.10% | 3,913.17 | 164.00 |
1998 | 12 | 5.05% | 4,110.69 | 163.90 |
1999 | 1 | -0.07% | 4,107.95 | 164.30 |
1999 | 2 | 2.92% | 4,228.04 | 164.50 |
1999 | 3 | 4.25% | 4,407.74 | 165.00 |
1999 | 4 | -0.10% | 4,403.38 | 166.20 |
1999 | 5 | -0.61% | 4,376.44 | 166.20 |
1999 | 6 | 4.52% | 4,574.36 | 166.20 |
1999 | 7 | -3.77% | 4,401.71 | 166.70 |
1999 | 8 | -0.60% | 4,375.39 | 167.10 |
1999 | 9 | -1.27% | 4,319.71 | 167.90 |
1999 | 10 | 7.11% | 4,626.67 | 168.20 |
1999 | 11 | 2.81% | 4,756.62 | 168.30 |
1999 | 12 | -0.12% | 4,750.96 | 168.30 |
2000 | 1 | -2.48% | 4,633.23 | 168.80 |
2000 | 2 | 3.94% | 4,815.82 | 169.80 |
2000 | 3 | 1.42% | 4,884.43 | 171.20 |
2000 | 4 | -2.84% | 4,745.77 | 171.30 |
2000 | 5 | 3.16% | 4,895.90 | 171.50 |
2000 | 6 | 0.85% | 4,937.53 | 172.40 |
2000 | 7 | 0.94% | 4,983.93 | 172.80 |
2000 | 8 | -1.08% | 4,930.12 | 172.80 |
2000 | 9 | -5.21% | 4,673.06 | 173.70 |
2000 | 10 | -0.77% | 4,636.95 | 174.00 |
2000 | 11 | -3.32% | 4,483.00 | 174.10 |
2000 | 12 | 0.46% | 4,503.40 | 174.00 |
2001 | 1 | -2.14% | 4,407.20 | 175.10 |
2001 | 2 | -9.08% | 4,007.03 | 175.80 |
2001 | 3 | 0.45% | 4,025.01 | 176.20 |
2001 | 4 | 6.88% | 4,301.90 | 176.90 |
2001 | 5 | -2.39% | 4,199.14 | 177.70 |
2001 | 6 | -2.66% | 4,087.44 | 178.00 |
2001 | 7 | -2.05% | 4,003.81 | 177.50 |
2001 | 8 | -11.25% | 3,553.49 | 177.50 |
2001 | 9 | 3.18% | 3,666.64 | 178.30 |
2001 | 10 | 5.05% | 3,851.92 | 177.70 |
2001 | 11 | 1.47% | 3,908.39 | 177.40 |
2001 | 12 | -0.30% | 3,896.75 | 176.70 |
2002 | 1 | -3.35% | 3,766.10 | 177.10 |
2002 | 2 | 4.95% | 3,952.35 | 177.80 |
2002 | 3 | -3.51% | 3,813.45 | 178.80 |
2002 | 4 | -2.82% | 3,705.89 | 179.80 |
2002 | 5 | -5.92% | 3,486.47 | 179.80 |
2002 | 6 | -10.76% | 3,111.38 | 179.90 |
2002 | 7 | 1.14% | 3,146.81 | 180.10 |
2002 | 8 | -4.76% | 2,997.09 | 180.70 |
2002 | 9 | -1.37% | 2,956.12 | 181.00 |
2002 | 10 | 6.63% | 3,151.98 | 181.30 |
2002 | 11 | -1.04% | 3,119.36 | 181.30 |
2002 | 12 | -0.22% | 3,112.41 | 180.90 |
2003 | 1 | -6.41% | 2,912.76 | 181.70 |
2003 | 2 | 1.31% | 2,950.85 | 183.10 |
2003 | 3 | 5.29% | 3,106.83 | 184.20 |
2003 | 4 | 5.31% | 3,271.87 | 183.80 |
2003 | 5 | 5.70% | 3,458.51 | 183.50 |
2003 | 6 | 0.60% | 3,479.12 | 183.70 |
2003 | 7 | -0.17% | 3,473.33 | 183.90 |
2003 | 8 | 3.16% | 3,583.13 | 184.60 |
2003 | 9 | 2.03% | 3,655.79 | 185.20 |
2003 | 10 | 1.21% | 3,700.04 | 185.00 |
2003 | 11 | 3.06% | 3,813.41 | 184.50 |
2003 | 12 | 4.93% | 4,001.60 | 184.30 |
2004 | 1 | 1.09% | 4,045.08 | 185.20 |
2004 | 2 | -1.57% | 3,981.77 | 186.20 |
2004 | 3 | 0.97% | 4,020.32 | 187.40 |
2004 | 4 | -2.56% | 3,917.22 | 188.00 |
2004 | 5 | 2.86% | 4,029.17 | 189.10 |
2004 | 6 | -2.24% | 3,938.96 | 189.70 |
2004 | 7 | -1.39% | 3,884.31 | 189.40 |
2004 | 8 | 2.78% | 3,992.39 | 189.50 |
2004 | 9 | 0.10% | 3,996.49 | 189.90 |
2004 | 10 | 4.77% | 4,187.28 | 190.90 |
2004 | 11 | 2.73% | 4,301.48 | 191.00 |
2004 | 12 | -1.35% | 4,243.45 | 190.30 |
2005 | 1 | 1.68% | 4,314.79 | 190.70 |
2005 | 2 | -0.26% | 4,303.76 | 191.80 |
2005 | 3 | -2.41% | 4,200.08 | 193.30 |
2005 | 4 | 1.34% | 4,256.19 | 194.60 |
2005 | 5 | 2.18% | 4,349.01 | 194.40 |
2005 | 6 | 1.81% | 4,427.63 | 194.50 |
2005 | 7 | 0.31% | 4,441.35 | 195.40 |
2005 | 8 | 0.28% | 4,453.78 | 196.40 |
2005 | 9 | -2.62% | 4,336.90 | 198.80 |
2005 | 10 | 3.96% | 4,508.71 | 199.20 |
2005 | 11 | 2.14% | 4,605.38 | 197.60 |
2005 | 12 | 1.47% | 4,672.93 | 196.80 |
2006 | 1 | -0.02% | 4,672.15 | 198.30 |
2006 | 2 | 1.49% | 4,741.59 | 198.70 |
2006 | 3 | 0.80% | 4,779.44 | 199.80 |
2006 | 4 | -0.79% | 4,741.84 | 201.50 |
2006 | 5 | -2.71% | 4,613.54 | 202.50 |
2006 | 6 | 0.72% | 4,646.76 | 202.90 |
2006 | 7 | 2.29% | 4,753.25 | 203.50 |
2006 | 8 | 2.53% | 4,873.56 | 203.90 |
2006 | 9 | 3.62% | 5,049.79 | 202.90 |
2006 | 10 | 2.00% | 5,150.87 | 201.80 |
2006 | 11 | 2.15% | 5,261.52 | 201.50 |
2006 | 12 | 0.69% | 5,297.97 | 201.80 |
2007 | 1 | 1.60% | 5,382.53 | 202.42 |
2007 | 2 | -2.47% | 5,249.37 | 203.50 |
2007 | 3 | 4.18% | 5,468.81 | 205.35 |
2007 | 4 | 3.39% | 5,654.30 | 206.69 |
2007 | 5 | 0.34% | 5,673.80 | 207.95 |
2007 | 6 | 0.57% | 5,706.41 | 208.35 |
2007 | 7 | -4.20% | 5,466.67 | 208.30 |
2007 | 8 | 3.07% | 5,634.76 | 207.92 |
2007 | 9 | 2.99% | 5,803.33 | 208.49 |
2007 | 10 | -4.81% | 5,524.40 | 208.94 |
2007 | 11 | 1.24% | 5,592.81 | 210.18 |
2007 | 12 | -6.64% | 5,221.72 | 210.04 |
2008 | 1 | -1.56% | 5,140.05 | 211.08 |
2008 | 2 | -2.63% | 5,005.04 | 211.69 |
2008 | 3 | 4.24% | 5,217.44 | 213.53 |
2008 | 4 | 2.56% | 5,351.15 | 214.82 |
2008 | 5 | -4.25% | 5,123.90 | 216.63 |
2008 | 6 | -6.08% | 4,812.45 | 218.82 |
2008 | 7 | 2.11% | 4,914.02 | 219.96 |
2008 | 8 | -4.85% | 4,675.81 | 219.09 |
2008 | 9 | -20.19% | 3,731.60 | 218.78 |
2008 | 10 | -8.61% | 3,410.48 | 216.57 |
2008 | 11 | -0.35% | 3,398.50 | 212.43 |
2008 | 12 | -1.10% | 3,361.27 | 210.23 |
2009 | 1 | -6.70% | 3,135.98 | 211.14 |
2009 | 2 | -5.69% | 2,957.62 | 212.19 |
2009 | 3 | 12.32% | 3,322.05 | 212.71 |
2009 | 4 | 6.66% | 3,543.30 | 213.24 |
2009 | 5 | 2.87% | 3,644.95 | 213.86 |
2009 | 6 | 1.28% | 3,691.52 | 215.69 |
2009 | 7 | 8.12% | 3,991.30 | 215.35 |
2009 | 8 | 3.65% | 4,136.99 | 215.83 |
2009 | 9 | 2.40% | 4,236.41 | 215.97 |
2009 | 10 | 2.09% | 4,325.13 | 216.18 |
2009 | 11 | 2.23% | 4,421.40 | 216.33 |
2009 | 12 | 1.36% | 4,481.40 | 215.95 |
2010 | 1 | -2.90% | 4,351.51 | 216.69 |
2010 | 2 | 5.94% | 4,610.12 | 216.74 |
2010 | 3 | 4.09% | 4,798.58 | 217.63 |
2010 | 4 | -5.88% | 4,516.31 | 218.01 |
2010 | 5 | -3.54% | 4,356.27 | 218.18 |
2010 | 6 | -0.16% | 4,349.34 | 217.97 |
2010 | 7 | 0.86% | 4,386.90 | 218.01 |
2010 | 8 | 3.37% | 4,534.79 | 218.31 |
2010 | 9 | 4.58% | 4,742.37 | 218.44 |
2010 | 10 | 2.49% | 4,860.50 | 218.71 |
2010 | 11 | 3.71% | 5,041.00 | 218.80 |
2010 | 12 | 3.46% | 5,215.53 | 219.18 |
2011 | 1 | 3.15% | 5,379.87 | 220.22 |
2011 | 2 | -1.11% | 5,320.02 | 221.31 |
2011 | 3 | 2.22% | 5,438.17 | 223.47 |
2011 | 4 | 0.66% | 5,474.02 | 224.91 |
2011 | 5 | -3.66% | 5,273.53 | 225.96 |
2011 | 6 | 3.10% | 5,437.10 | 225.72 |
2011 | 7 | -10.40% | 4,871.61 | 225.92 |
2011 | 8 | -0.79% | 4,833.16 | 226.55 |
2011 | 9 | 3.02% | 4,979.07 | 226.89 |
2011 | 10 | 1.77% | 5,067.05 | 226.42 |
2011 | 11 | 1.55% | 5,145.83 | 226.23 |
2011 | 12 | 4.78% | 5,391.94 | 225.67 |
2012 | 1 | 4.16% | 5,616.38 | 226.67 |
2012 | 2 | 2.88% | 5,778.35 | 227.66 |
2012 | 3 | -0.04% | 5,776.14 | 229.39 |
2012 | 4 | -3.09% | 5,597.60 | 230.09 |
2012 | 5 | -1.15% | 5,533.10 | 229.82 |
2012 | 6 | 2.92% | 5,694.72 | 229.48 |
2012 | 7 | 3.39% | 5,887.64 | 229.10 |
2012 | 8 | 3.02% | 6,065.52 | 230.38 |
2012 | 9 | -0.22% | 6,052.35 | 231.41 |
2012 | 10 | -2.84% | 5,880.61 | 231.32 |
2012 | 11 | 2.18% | 6,008.55 | 230.22 |
2012 | 12 | 4.27% | 6,265.04 | 229.60 |
2013 | 1 | 2.33% | 6,411.20 | 230.28 |
2013 | 2 | 2.72% | 6,585.75 | 232.17 |
2013 | 3 | 1.45% | 6,681.49 | 232.77 |
2013 | 4 | 4.57% | 6,987.12 | 232.53 |
2013 | 5 | -1.12% | 6,909.02 | 232.95 |
2013 | 6 | 3.25% | 7,133.87 | 233.50 |
2013 | 7 | 0.25% | 7,151.89 | 233.60 |
2013 | 8 | 1.19% | 7,237.17 | 233.88 |
2013 | 9 | 2.12% | 7,390.42 | 234.15 |
2013 | 10 | 3.86% | 7,675.69 | 233.55 |
2013 | 11 | 1.52% | 7,792.49 | 233.07 |
2013 | 12 | 0.97% | 7,867.90 | 233.05 |
2014 | 1 | -0.13% | 7,857.67 | 233.92 |
2014 | 2 | 2.72% | 8,071.58 | 234.78 |
2014 | 3 | 0.20% | 8,087.86 | 236.29 |
2014 | 4 | 1.53% | 8,211.77 | 237.07 |
2014 | 5 | 3.20% | 8,474.25 | 237.90 |
2014 | 6 | 1.50% | 8,601.01 | 238.34 |
2014 | 7 | -0.43% | 8,564.28 | 238.25 |
2014 | 8 | 1.78% | 8,716.56 | 237.85 |
2014 | 9 | -2.65% | 8,485.87 | 238.03 |
2014 | 10 | 5.71% | 8,970.04 | 237.43 |
2014 | 11 | 0.63% | 9,026.90 | 236.15 |
2014 | 12 | -1.11% | 8,926.70 | 234.81 |
2015 | 1 | 2.83% | 9,179.09 | 233.71 |
2015 | 2 | 0.06% | 9,184.17 | 234.72 |
2015 | 3 | 0.88% | 9,264.85 | 236.12 |
2015 | 4 | 0.98% | 9,355.54 | 236.60 |
2015 | 5 | -0.44% | 9,314.80 | 237.81 |
2015 | 6 | -0.08% | 9,307.38 | 238.64 |
2015 | 7 | -2.42% | 9,081.73 | 238.65 |
2015 | 8 | -4.51% | 8,672.41 | 238.32 |
2015 | 9 | 4.32% | 9,046.81 | 237.95 |
2015 | 10 | 2.93% | 9,312.11 | 237.84 |
2015 | 11 | -1.10% | 9,209.40 | 237.34 |
2015 | 12 | -6.42% | 8,618.19 | 236.53 |
2016 | 1 | -0.55% | 8,570.79 | 236.92 |
2016 | 2 | 6.36% | 9,116.13 | 237.11 |
2016 | 3 | 2.83% | 9,374.23 | 238.13 |
2016 | 4 | -0.30% | 9,345.70 | 239.26 |
2016 | 5 | 1.07% | 9,445.37 | 240.23 |
2016 | 6 | 3.30% | 9,756.83 | 241.02 |
2016 | 7 | 1.20% | 9,873.84 | 240.63 |
2016 | 8 | -0.44% | 9,830.52 | 240.85 |
2016 | 9 | -0.51% | 9,780.78 | 241.43 |
2016 | 10 | 1.20% | 9,898.27 | 241.73 |
2016 | 11 | 3.95% | 10,288.85 | 241.35 |
2016 | 12 | 1.44% | 10,436.76 | 241.43 |
2017 | 1 | 2.58% | 10,705.66 | 242.84 |
2017 | 2 | 1.75% | 10,892.93 | 243.60 |
2017 | 3 | -0.15% | 10,876.15 | 243.80 |
2017 | 4 | 1.69% | 11,060.22 | 244.52 |
2017 | 5 | 1.78% | 11,256.70 | 244.73 |
2017 | 6 | 0.99% | 11,367.90 | 244.96 |
2017 | 7 | 0.25% | 11,396.07 | 244.79 |
2017 | 8 | 1.65% | 11,584.48 | 245.52 |
2017 | 9 | 2.73% | 11,901.29 | 246.82 |
2017 | 10 | 1.59% | 12,090.47 | 246.66 |
2017 | 11 | 2.88% | 12,439.10 | 246.67 |
2017 | 12 | 4.86% | 13,043.87 | 246.52 |
2018 | 1 | -2.89% | 12,667.34 | 247.87 |
2018 | 2 | 0.06% | 12,675.52 | 248.99 |
2018 | 3 | -1.66% | 12,464.60 | 249.55 |
2018 | 4 | 1.96% | 12,709.11 | 250.55 |
2018 | 5 | 2.11% | 12,977.65 | 251.59 |
2018 | 6 | 1.58% | 13,182.79 | 251.99 |
2018 | 7 | 2.45% | 13,505.87 | 252.01 |
2018 | 8 | 1.68% | 13,732.74 | 252.15 |
2018 | 9 | -3.85% | 13,204.17 | 252.44 |
2018 | 10 | -2.08% | 12,930.04 | 252.89 |
2018 | 11 | -5.56% | 12,210.80 | 252.04 |
2018 | 12 | 1.74% | 12,422.74 | 251.23 |
2019 | 1 | 5.83% | 13,146.84 | 251.71 |
2019 | 2 | 1.95% | 13,402.95 | 252.78 |
2019 | 3 | 3.72% | 13,901.97 | 254.20 |
2019 | 4 | -1.53% | 13,689.02 | 255.55 |
2019 | 5 | 1.40% | 13,881.32 | 256.09 |
2019 | 6 | 3.83% | 14,412.60 | 256.14 |
2019 | 7 | -3.13% | 13,960.85 | 256.57 |
2019 | 8 | 3.09% | 14,391.58 | 256.56 |
2019 | 9 | 0.01% | 14,392.99 | 256.76 |
2019 | 10 | 4.43% | 15,031.13 | 257.35 |
2019 | 11 | 2.47% | 15,402.29 | 257.21 |
2019 | 12 | 3.35% | 15,917.72 | 256.97 |
2020 | 1 | 0.12% | 15,937.15 | 257.97 |
2020 | 2 | -18.92% | 12,922.20 | 258.68 |
2020 | 3 | 4.32% | 13,480.26 | 258.12 |
2020 | 4 | 5.89% | 14,273.90 | 256.39 |
2020 | 5 | 6.51% | 15,202.88 | 256.39 |
2020 | 6 | 3.48% | 15,731.40 | 257.80 |
2020 | 7 | 5.89% | 16,658.53 | 259.10 |
2020 | 8 | -0.63% | 16,554.08 | 259.92 |
2020 | 9 | 1.73% | 16,839.80 | 260.28 |
2020 | 10 | 3.95% | 17,505.67 | 260.39 |
2020 | 11 | 4.26% | 18,251.43 | 260.23 |
2020 | 12 | 2.80% | 18,761.61 | 260.47 |
2021 | 1 | 2.49% | 19,229.06 | 261.58 |
2021 | 2 | 0.82% | 19,387.00 | 263.01 |
2021 | 3 | 6.02% | 20,554.38 | 264.88 |
2021 | 4 | 0.76% | 20,710.64 | 267.05 |
2021 | 5 | 1.81% | 21,085.59 | 269.20 |
2021 | 6 | 3.07% | 21,732.54 | 271.70 |
2021 | 7 | 2.19% | 22,207.43 | 273.00 |
2021 | 8 | -0.08% | 22,188.67 | 273.57 |
2021 | 9 | 0.45% | 22,289.00 | 274.31 |
2021 | 10 | 4.74% | 23,346.56 | 276.59 |
2021 | 11 | 0.27% | 23,408.52 | 277.95 |
2021 | 12 | -2.05% | 22,928.19 | 278.80 |
2022 | 1 | -2.90% | 22,262.68 | 281.15 |
2022 | 2 | -0.89% | 22,063.97 | 283.72 |
2022 | 3 | 0.12% | 22,090.07 | 287.50 |
2022 | 4 | -7.87% | 20,350.98 | 289.11 |
2022 | 5 | -3.37% | 19,665.28 | 292.30 |
2022 | 6 | 0.46% | 19,756.66 | 296.31 |
2022 | 7 | 6.45% | 21,030.45 | 296.28 |
2022 | 8 | -7.28% | 19,499.98 | 296.17 |
2022 | 9 | -3.09% | 18,897.20 | 296.81 |
2022 | 10 | 5.29% | 19,895.93 | 298.01 |
2022 | 11 | 0.01% | 19,898.09 | 297.71 |
2022 | 12 | 1.38% | 20,171.98 | 296.80 |
2023 | 1 | 3.15% | 20,806.78 | 299.17 |
2023 | 2 | -2.59% | 20,268.84 | 300.84 |
2023 | 3 | 4.00% | 21,078.83 | 301.84 |
2023 | 4 | 0.74% | 21,234.32 | 303.36 |
2023 | 5 | 4.94% | 22,283.76 | 304.13 |
2023 | 6 | 3.88% | 23,147.49 | 305.11 |
2023 | 7 | -1.00% | 22,916.56 | 305.69 |
2023 | 8 | -0.95% | 22,698.04 | 307.03 |
2023 | 9 | -3.04% | 22,008.63 | 307.79 |
2023 | 10 | 4.60% | 23,021.40 | 307.67 |
2023 | 11 | 5.18% | 24,212.82 | 307.05 |
2023 | 12 | 2.91% | 24,917.86 | 306.75 |
2024 | 1 | 4.20% | 25,964.22 | 308.42 |
2024 | 2 | 3.28% | 26,816.40 | 310.33 |
2024 | 3 | -1.01% | 26,545.79 | 312.33 |
2024 | 4 | 2.52% | 27,213.87 | 313.55 |
2024 | 5 | 5.34% | 28,668.08 | 314.07 |
Remember, returns are based on the average closing price across the entire month. Some losses are offset by dividend returns.
Dollar-cost averaging is an alternative to investing the full lump-sum of $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 1975. This would result in a final amount of $21,442.41, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $28,668.08).
Year | Month | Contribution ($) | Amount ($) |
---|---|---|---|
1975 | 1 | 4.16 | 4.59 |
1975 | 2 | 4.16 | 9.17 |
1975 | 3 | 4.16 | 13.51 |
1975 | 4 | 4.16 | 18.85 |
1975 | 5 | 4.16 | 23.66 |
1975 | 6 | 4.16 | 27.92 |
1975 | 7 | 4.16 | 29.83 |
1975 | 8 | 4.16 | 33.68 |
1975 | 9 | 4.16 | 39.71 |
1975 | 10 | 4.16 | 44.75 |
1975 | 11 | 4.16 | 48.32 |
1975 | 12 | 4.16 | 57.47 |
1976 | 1 | 4.16 | 64.19 |
1976 | 2 | 4.16 | 68.89 |
1976 | 3 | 4.16 | 73.84 |
1976 | 4 | 4.16 | 77.69 |
1976 | 5 | 4.16 | 82.57 |
1976 | 6 | 4.16 | 89.03 |
1976 | 7 | 4.16 | 92.65 |
1976 | 8 | 4.16 | 99.16 |
1976 | 9 | 4.16 | 100.10 |
1976 | 10 | 4.16 | 103.86 |
1976 | 11 | 4.16 | 112.10 |
1976 | 12 | 4.32 | 115.78 |
1977 | 1 | - | 113.04 |
1977 | 2 | - | 112.97 |
1977 | 3 | - | 111.63 |
1977 | 4 | - | 111.70 |
1977 | 5 | - | 112.70 |
1977 | 6 | - | 114.15 |
1977 | 7 | - | 111.78 |
1977 | 8 | - | 110.46 |
1977 | 9 | - | 108.03 |
1977 | 10 | - | 109.09 |
1977 | 11 | - | 109.01 |
1977 | 12 | - | 105.31 |
1978 | 1 | - | 104.29 |
1978 | 2 | - | 104.56 |
1978 | 3 | - | 109.61 |
1978 | 4 | - | 115.65 |
1978 | 5 | - | 116.43 |
1978 | 6 | - | 116.35 |
1978 | 7 | - | 124.88 |
1978 | 8 | - | 125.38 |
1978 | 9 | - | 121.90 |
1978 | 10 | - | 115.27 |
1978 | 11 | - | 117.49 |
1978 | 12 | - | 122.41 |
1979 | 1 | - | 121.11 |
1979 | 2 | - | 123.95 |
1979 | 3 | - | 126.96 |
1979 | 4 | - | 124.56 |
1979 | 5 | - | 127.57 |
1979 | 6 | - | 129.38 |
1979 | 7 | - | 135.87 |
1979 | 8 | - | 137.96 |
1979 | 9 | - | 133.34 |
1979 | 10 | - | 132.91 |
1979 | 11 | - | 138.76 |
1979 | 12 | - | 143.36 |
1980 | 1 | - | 149.66 |
1980 | 2 | - | 136.52 |
1980 | 3 | - | 134.94 |
1980 | 4 | - | 141.73 |
1980 | 5 | - | 151.46 |
1980 | 6 | - | 158.99 |
1980 | 7 | - | 164.56 |
1980 | 8 | - | 169.23 |
1980 | 9 | - | 174.85 |
1980 | 10 | - | 182.92 |
1980 | 11 | - | 180.64 |
1980 | 12 | - | 180.66 |
1981 | 1 | - | 175.11 |
1981 | 2 | - | 182.37 |
1981 | 3 | - | 184.73 |
1981 | 4 | - | 181.74 |
1981 | 5 | - | 183.30 |
1981 | 6 | - | 179.61 |
1981 | 7 | - | 181.05 |
1981 | 8 | - | 166.01 |
1981 | 9 | - | 168.88 |
1981 | 10 | - | 174.02 |
1981 | 11 | - | 176.07 |
1981 | 12 | - | 167.62 |
1982 | 1 | - | 164.41 |
1982 | 2 | - | 159.90 |
1982 | 3 | - | 168.64 |
1982 | 4 | - | 169.60 |
1982 | 5 | - | 160.66 |
1982 | 6 | - | 161.05 |
1982 | 7 | - | 162.33 |
1982 | 8 | - | 181.97 |
1982 | 9 | - | 198.13 |
1982 | 10 | - | 207.05 |
1982 | 11 | - | 209.85 |
1982 | 12 | - | 218.09 |
1983 | 1 | - | 222.74 |
1983 | 2 | - | 231.35 |
1983 | 3 | - | 241.06 |
1983 | 4 | - | 251.72 |
1983 | 5 | - | 256.14 |
1983 | 6 | - | 257.95 |
1983 | 7 | - | 251.74 |
1983 | 8 | - | 260.08 |
1983 | 9 | - | 261.77 |
1983 | 10 | - | 258.78 |
1983 | 11 | - | 258.45 |
1983 | 12 | - | 262.52 |
1984 | 1 | - | 249.10 |
1984 | 2 | - | 250.20 |
1984 | 3 | - | 251.47 |
1984 | 4 | - | 250.84 |
1984 | 5 | - | 246.20 |
1984 | 6 | - | 243.96 |
1984 | 7 | - | 266.42 |
1984 | 8 | - | 270.17 |
1984 | 9 | - | 269.06 |
1984 | 10 | - | 272.52 |
1984 | 11 | - | 270.59 |
1984 | 12 | - | 283.30 |
1985 | 1 | - | 299.70 |
1985 | 2 | - | 298.26 |
1985 | 3 | - | 301.32 |
1985 | 4 | - | 309.56 |
1985 | 5 | - | 317.34 |
1985 | 6 | - | 324.47 |
1985 | 7 | - | 318.48 |
1985 | 8 | - | 312.48 |
1985 | 9 | - | 317.15 |
1985 | 10 | - | 337.51 |
1985 | 11 | - | 355.38 |
1985 | 12 | - | 358.05 |
1986 | 1 | - | 378.45 |
1986 | 2 | - | 401.85 |
1986 | 3 | - | 412.87 |
1986 | 4 | - | 414.90 |
1986 | 5 | - | 427.90 |
1986 | 6 | - | 420.18 |
1986 | 7 | - | 429.76 |
1986 | 8 | - | 419.21 |
1986 | 9 | - | 418.83 |
1986 | 10 | - | 433.63 |
1986 | 11 | - | 441.04 |
1986 | 12 | - | 470.47 |
1987 | 1 | - | 500.87 |
1987 | 2 | - | 522.79 |
1987 | 3 | - | 518.31 |
1987 | 4 | - | 519.21 |
1987 | 5 | - | 542.57 |
1987 | 6 | - | 559.51 |
1987 | 7 | - | 595.62 |
1987 | 8 | - | 577.57 |
1987 | 9 | - | 509.10 |
1987 | 10 | - | 446.47 |
1987 | 11 | - | 440.51 |
1987 | 12 | - | 459.21 |
1988 | 1 | - | 474.50 |
1988 | 2 | - | 489.83 |
1988 | 3 | - | 485.49 |
1988 | 4 | - | 474.87 |
1988 | 5 | - | 503.35 |
1988 | 6 | - | 501.81 |
1988 | 7 | - | 493.19 |
1988 | 8 | - | 502.69 |
1988 | 9 | - | 521.80 |
1988 | 10 | - | 511.26 |
1988 | 11 | - | 523.15 |
1988 | 12 | - | 541.53 |
1989 | 1 | - | 559.40 |
1989 | 2 | - | 558.49 |
1989 | 3 | - | 578.40 |
1989 | 4 | - | 602.20 |
1989 | 5 | - | 622.64 |
1989 | 6 | - | 640.07 |
1989 | 7 | - | 670.09 |
1989 | 8 | - | 673.15 |
1989 | 9 | - | 675.07 |
1989 | 10 | - | 662.83 |
1989 | 11 | - | 680.97 |
1989 | 12 | - | 665.91 |
1990 | 1 | - | 649.08 |
1990 | 2 | - | 666.66 |
1990 | 3 | - | 667.96 |
1990 | 4 | - | 693.68 |
1990 | 5 | - | 715.67 |
1990 | 6 | - | 716.89 |
1990 | 7 | - | 660.53 |
1990 | 8 | - | 631.86 |
1990 | 9 | - | 617.23 |
1990 | 10 | - | 635.64 |
1990 | 11 | - | 664.80 |
1990 | 12 | - | 660.24 |
1991 | 1 | - | 736.88 |
1991 | 2 | - | 759.31 |
1991 | 3 | - | 776.46 |
1991 | 4 | - | 775.07 |
1991 | 5 | - | 777.76 |
1991 | 6 | - | 783.83 |
1991 | 7 | - | 804.83 |
1991 | 8 | - | 802.39 |
1991 | 9 | - | 803.85 |
1991 | 10 | - | 803.98 |
1991 | 11 | - | 811.49 |
1991 | 12 | - | 871.20 |
1992 | 1 | - | 865.97 |
1992 | 2 | - | 857.20 |
1992 | 3 | - | 859.47 |
1992 | 4 | - | 877.25 |
1992 | 5 | - | 865.59 |
1992 | 6 | - | 882.14 |
1992 | 7 | - | 890.44 |
1992 | 8 | - | 893.81 |
1992 | 9 | - | 883.25 |
1992 | 10 | - | 907.60 |
1992 | 11 | - | 937.29 |
1992 | 12 | - | 938.63 |
1993 | 1 | - | 954.81 |
1993 | 2 | - | 975.34 |
1993 | 3 | - | 962.25 |
1993 | 4 | - | 969.23 |
1993 | 5 | - | 977.61 |
1993 | 6 | - | 978.21 |
1993 | 7 | - | 995.45 |
1993 | 8 | - | 1,008.94 |
1993 | 9 | - | 1,021.47 |
1993 | 10 | - | 1,021.54 |
1993 | 11 | - | 1,030.61 |
1993 | 12 | - | 1,048.50 |
1994 | 1 | - | 1,047.70 |
1994 | 2 | - | 1,032.79 |
1994 | 3 | - | 998.23 |
1994 | 4 | - | 1,008.79 |
1994 | 5 | - | 1,019.97 |
1994 | 6 | - | 1,014.67 |
1994 | 7 | - | 1,045.95 |
1994 | 8 | - | 1,054.50 |
1994 | 9 | - | 1,049.82 |
1994 | 10 | - | 1,045.93 |
1994 | 11 | - | 1,035.20 |
1994 | 12 | - | 1,060.58 |
1995 | 1 | - | 1,101.08 |
1995 | 2 | - | 1,129.25 |
1995 | 3 | - | 1,165.56 |
1995 | 4 | - | 1,204.58 |
1995 | 5 | - | 1,242.87 |
1995 | 6 | - | 1,286.96 |
1995 | 7 | - | 1,293.56 |
1995 | 8 | - | 1,341.66 |
1995 | 9 | - | 1,353.90 |
1995 | 10 | - | 1,385.83 |
1995 | 11 | - | 1,432.80 |
1995 | 12 | - | 1,435.13 |
1996 | 1 | - | 1,519.86 |
1996 | 2 | - | 1,516.81 |
1996 | 3 | - | 1,519.80 |
1996 | 4 | - | 1,555.59 |
1996 | 5 | - | 1,575.48 |
1996 | 6 | - | 1,520.71 |
1996 | 7 | - | 1,567.48 |
1996 | 8 | - | 1,599.20 |
1996 | 9 | - | 1,665.08 |
1996 | 10 | - | 1,749.20 |
1996 | 11 | - | 1,770.16 |
1996 | 12 | - | 1,827.82 |
1997 | 1 | - | 1,907.54 |
1997 | 2 | - | 1,895.64 |
1997 | 3 | - | 1,831.09 |
1997 | 4 | - | 1,999.88 |
1997 | 5 | - | 2,106.61 |
1997 | 6 | - | 2,227.44 |
1997 | 7 | - | 2,235.19 |
1997 | 8 | - | 2,261.83 |
1997 | 9 | - | 2,299.05 |
1997 | 10 | - | 2,272.56 |
1997 | 11 | - | 2,332.43 |
1997 | 12 | - | 2,337.96 |
1998 | 1 | - | 2,487.64 |
1998 | 2 | - | 2,619.81 |
1998 | 3 | - | 2,709.03 |
1998 | 4 | - | 2,703.02 |
1998 | 5 | - | 2,706.17 |
1998 | 6 | - | 2,827.07 |
1998 | 7 | - | 2,630.00 |
1998 | 8 | - | 2,501.17 |
1998 | 9 | - | 2,533.45 |
1998 | 10 | - | 2,811.48 |
1998 | 11 | - | 2,926.87 |
1998 | 12 | - | 3,074.61 |
1999 | 1 | - | 3,072.56 |
1999 | 2 | - | 3,162.38 |
1999 | 3 | - | 3,296.79 |
1999 | 4 | - | 3,293.53 |
1999 | 5 | - | 3,273.38 |
1999 | 6 | - | 3,421.41 |
1999 | 7 | - | 3,292.28 |
1999 | 8 | - | 3,272.59 |
1999 | 9 | - | 3,230.95 |
1999 | 10 | - | 3,460.54 |
1999 | 11 | - | 3,557.73 |
1999 | 12 | - | 3,553.50 |
2000 | 1 | - | 3,465.44 |
2000 | 2 | - | 3,602.01 |
2000 | 3 | - | 3,653.33 |
2000 | 4 | - | 3,549.62 |
2000 | 5 | - | 3,661.91 |
2000 | 6 | - | 3,693.05 |
2000 | 7 | - | 3,727.75 |
2000 | 8 | - | 3,687.51 |
2000 | 9 | - | 3,495.23 |
2000 | 10 | - | 3,468.23 |
2000 | 11 | - | 3,353.08 |
2000 | 12 | - | 3,368.34 |
2001 | 1 | - | 3,296.38 |
2001 | 2 | - | 2,997.07 |
2001 | 3 | - | 3,010.52 |
2001 | 4 | - | 3,217.63 |
2001 | 5 | - | 3,140.77 |
2001 | 6 | - | 3,057.22 |
2001 | 7 | - | 2,994.67 |
2001 | 8 | - | 2,657.85 |
2001 | 9 | - | 2,742.48 |
2001 | 10 | - | 2,881.06 |
2001 | 11 | - | 2,923.30 |
2001 | 12 | - | 2,914.59 |
2002 | 1 | - | 2,816.87 |
2002 | 2 | - | 2,956.18 |
2002 | 3 | - | 2,852.28 |
2002 | 4 | - | 2,771.84 |
2002 | 5 | - | 2,607.72 |
2002 | 6 | - | 2,327.17 |
2002 | 7 | - | 2,353.67 |
2002 | 8 | - | 2,241.69 |
2002 | 9 | - | 2,211.04 |
2002 | 10 | - | 2,357.54 |
2002 | 11 | - | 2,333.14 |
2002 | 12 | - | 2,327.94 |
2003 | 1 | - | 2,178.61 |
2003 | 2 | - | 2,207.10 |
2003 | 3 | - | 2,323.77 |
2003 | 4 | - | 2,447.21 |
2003 | 5 | - | 2,586.81 |
2003 | 6 | - | 2,602.22 |
2003 | 7 | - | 2,597.89 |
2003 | 8 | - | 2,680.02 |
2003 | 9 | - | 2,734.36 |
2003 | 10 | - | 2,767.46 |
2003 | 11 | - | 2,852.25 |
2003 | 12 | - | 2,993.01 |
2004 | 1 | - | 3,025.54 |
2004 | 2 | - | 2,978.18 |
2004 | 3 | - | 3,007.01 |
2004 | 4 | - | 2,929.91 |
2004 | 5 | - | 3,013.63 |
2004 | 6 | - | 2,946.16 |
2004 | 7 | - | 2,905.28 |
2004 | 8 | - | 2,986.13 |
2004 | 9 | - | 2,989.19 |
2004 | 10 | - | 3,131.89 |
2004 | 11 | - | 3,217.31 |
2004 | 12 | - | 3,173.90 |
2005 | 1 | - | 3,227.26 |
2005 | 2 | - | 3,219.01 |
2005 | 3 | - | 3,141.47 |
2005 | 4 | - | 3,183.44 |
2005 | 5 | - | 3,252.86 |
2005 | 6 | - | 3,311.66 |
2005 | 7 | - | 3,321.93 |
2005 | 8 | - | 3,331.22 |
2005 | 9 | - | 3,243.80 |
2005 | 10 | - | 3,372.31 |
2005 | 11 | - | 3,444.61 |
2005 | 12 | - | 3,495.14 |
2006 | 1 | - | 3,494.56 |
2006 | 2 | - | 3,546.49 |
2006 | 3 | - | 3,574.80 |
2006 | 4 | - | 3,546.68 |
2006 | 5 | - | 3,450.72 |
2006 | 6 | - | 3,475.56 |
2006 | 7 | - | 3,555.21 |
2006 | 8 | - | 3,645.20 |
2006 | 9 | - | 3,777.01 |
2006 | 10 | - | 3,852.61 |
2006 | 11 | - | 3,935.38 |
2006 | 12 | - | 3,962.64 |
2007 | 1 | - | 4,025.89 |
2007 | 2 | - | 3,926.29 |
2007 | 3 | - | 4,090.42 |
2007 | 4 | - | 4,229.16 |
2007 | 5 | - | 4,243.75 |
2007 | 6 | - | 4,268.13 |
2007 | 7 | - | 4,088.82 |
2007 | 8 | - | 4,214.54 |
2007 | 9 | - | 4,340.63 |
2007 | 10 | - | 4,132.00 |
2007 | 11 | - | 4,183.17 |
2007 | 12 | - | 3,905.60 |
2008 | 1 | - | 3,844.52 |
2008 | 2 | - | 3,743.54 |
2008 | 3 | - | 3,902.41 |
2008 | 4 | - | 4,002.41 |
2008 | 5 | - | 3,832.45 |
2008 | 6 | - | 3,599.49 |
2008 | 7 | - | 3,675.46 |
2008 | 8 | - | 3,497.29 |
2008 | 9 | - | 2,791.06 |
2008 | 10 | - | 2,550.88 |
2008 | 11 | - | 2,541.92 |
2008 | 12 | - | 2,514.07 |
2009 | 1 | - | 2,345.57 |
2009 | 2 | - | 2,212.17 |
2009 | 3 | - | 2,484.74 |
2009 | 4 | - | 2,650.22 |
2009 | 5 | - | 2,726.25 |
2009 | 6 | - | 2,761.09 |
2009 | 7 | - | 2,985.31 |
2009 | 8 | - | 3,094.28 |
2009 | 9 | - | 3,168.64 |
2009 | 10 | - | 3,235.00 |
2009 | 11 | - | 3,307.01 |
2009 | 12 | - | 3,351.88 |
2010 | 1 | - | 3,254.73 |
2010 | 2 | - | 3,448.16 |
2010 | 3 | - | 3,589.12 |
2010 | 4 | - | 3,377.99 |
2010 | 5 | - | 3,258.29 |
2010 | 6 | - | 3,253.11 |
2010 | 7 | - | 3,281.20 |
2010 | 8 | - | 3,391.82 |
2010 | 9 | - | 3,547.07 |
2010 | 10 | - | 3,635.43 |
2010 | 11 | - | 3,770.44 |
2010 | 12 | - | 3,900.98 |
2011 | 1 | - | 4,023.89 |
2011 | 2 | - | 3,979.13 |
2011 | 3 | - | 4,067.50 |
2011 | 4 | - | 4,094.32 |
2011 | 5 | - | 3,944.36 |
2011 | 6 | - | 4,066.70 |
2011 | 7 | - | 3,643.74 |
2011 | 8 | - | 3,614.98 |
2011 | 9 | - | 3,724.12 |
2011 | 10 | - | 3,789.93 |
2011 | 11 | - | 3,848.85 |
2011 | 12 | - | 4,032.92 |
2012 | 1 | - | 4,200.80 |
2012 | 2 | - | 4,321.94 |
2012 | 3 | - | 4,320.29 |
2012 | 4 | - | 4,186.75 |
2012 | 5 | - | 4,138.50 |
2012 | 6 | - | 4,259.39 |
2012 | 7 | - | 4,403.69 |
2012 | 8 | - | 4,536.73 |
2012 | 9 | - | 4,526.88 |
2012 | 10 | - | 4,398.43 |
2012 | 11 | - | 4,494.12 |
2012 | 12 | - | 4,685.96 |
2013 | 1 | - | 4,795.29 |
2013 | 2 | - | 4,925.84 |
2013 | 3 | - | 4,997.45 |
2013 | 4 | - | 5,226.05 |
2013 | 5 | - | 5,167.63 |
2013 | 6 | - | 5,335.81 |
2013 | 7 | - | 5,349.28 |
2013 | 8 | - | 5,413.07 |
2013 | 9 | - | 5,527.70 |
2013 | 10 | - | 5,741.07 |
2013 | 11 | - | 5,828.42 |
2013 | 12 | - | 5,884.83 |
2014 | 1 | - | 5,877.18 |
2014 | 2 | - | 6,037.17 |
2014 | 3 | - | 6,049.35 |
2014 | 4 | - | 6,142.03 |
2014 | 5 | - | 6,338.35 |
2014 | 6 | - | 6,433.16 |
2014 | 7 | - | 6,405.69 |
2014 | 8 | - | 6,519.59 |
2014 | 9 | - | 6,347.04 |
2014 | 10 | - | 6,709.18 |
2014 | 11 | - | 6,751.71 |
2014 | 12 | - | 6,676.76 |
2015 | 1 | - | 6,865.54 |
2015 | 2 | - | 6,869.34 |
2015 | 3 | - | 6,929.68 |
2015 | 4 | - | 6,997.52 |
2015 | 5 | - | 6,967.04 |
2015 | 6 | - | 6,961.50 |
2015 | 7 | - | 6,792.72 |
2015 | 8 | - | 6,486.57 |
2015 | 9 | - | 6,766.60 |
2015 | 10 | - | 6,965.03 |
2015 | 11 | - | 6,888.21 |
2015 | 12 | - | 6,446.01 |
2016 | 1 | - | 6,410.56 |
2016 | 2 | - | 6,818.45 |
2016 | 3 | - | 7,011.50 |
2016 | 4 | - | 6,990.16 |
2016 | 5 | - | 7,064.71 |
2016 | 6 | - | 7,297.66 |
2016 | 7 | - | 7,385.18 |
2016 | 8 | - | 7,352.78 |
2016 | 9 | - | 7,315.58 |
2016 | 10 | - | 7,403.45 |
2016 | 11 | - | 7,695.59 |
2016 | 12 | - | 7,806.22 |
2017 | 1 | - | 8,007.35 |
2017 | 2 | - | 8,147.41 |
2017 | 3 | - | 8,134.87 |
2017 | 4 | - | 8,272.54 |
2017 | 5 | - | 8,419.49 |
2017 | 6 | - | 8,502.67 |
2017 | 7 | - | 8,523.74 |
2017 | 8 | - | 8,664.66 |
2017 | 9 | - | 8,901.62 |
2017 | 10 | - | 9,043.12 |
2017 | 11 | - | 9,303.88 |
2017 | 12 | - | 9,756.22 |
2018 | 1 | - | 9,474.59 |
2018 | 2 | - | 9,480.71 |
2018 | 3 | - | 9,322.95 |
2018 | 4 | - | 9,505.83 |
2018 | 5 | - | 9,706.69 |
2018 | 6 | - | 9,860.12 |
2018 | 7 | - | 10,101.78 |
2018 | 8 | - | 10,271.46 |
2018 | 9 | - | 9,876.11 |
2018 | 10 | - | 9,671.08 |
2018 | 11 | - | 9,133.12 |
2018 | 12 | - | 9,291.64 |
2019 | 1 | - | 9,833.24 |
2019 | 2 | - | 10,024.79 |
2019 | 3 | - | 10,398.04 |
2019 | 4 | - | 10,238.76 |
2019 | 5 | - | 10,382.59 |
2019 | 6 | - | 10,779.97 |
2019 | 7 | - | 10,442.08 |
2019 | 8 | - | 10,764.24 |
2019 | 9 | - | 10,765.30 |
2019 | 10 | - | 11,242.60 |
2019 | 11 | - | 11,520.21 |
2019 | 12 | - | 11,905.72 |
2020 | 1 | - | 11,920.26 |
2020 | 2 | - | 9,665.22 |
2020 | 3 | - | 10,082.62 |
2020 | 4 | - | 10,676.22 |
2020 | 5 | - | 11,371.06 |
2020 | 6 | - | 11,766.37 |
2020 | 7 | - | 12,459.82 |
2020 | 8 | - | 12,381.70 |
2020 | 9 | - | 12,595.40 |
2020 | 10 | - | 13,093.44 |
2020 | 11 | - | 13,651.23 |
2020 | 12 | - | 14,032.83 |
2021 | 1 | - | 14,382.46 |
2021 | 2 | - | 14,500.59 |
2021 | 3 | - | 15,373.74 |
2021 | 4 | - | 15,490.62 |
2021 | 5 | - | 15,771.06 |
2021 | 6 | - | 16,254.95 |
2021 | 7 | - | 16,610.15 |
2021 | 8 | - | 16,596.11 |
2021 | 9 | - | 16,671.15 |
2021 | 10 | - | 17,462.16 |
2021 | 11 | - | 17,508.50 |
2021 | 12 | - | 17,149.24 |
2022 | 1 | - | 16,651.47 |
2022 | 2 | - | 16,502.84 |
2022 | 3 | - | 16,522.36 |
2022 | 4 | - | 15,221.60 |
2022 | 5 | - | 14,708.73 |
2022 | 6 | - | 14,777.08 |
2022 | 7 | - | 15,729.81 |
2022 | 8 | - | 14,585.09 |
2022 | 9 | - | 14,134.24 |
2022 | 10 | - | 14,881.25 |
2022 | 11 | - | 14,882.86 |
2022 | 12 | - | 15,087.72 |
2023 | 1 | - | 15,562.52 |
2023 | 2 | - | 15,160.17 |
2023 | 3 | - | 15,766.00 |
2023 | 4 | - | 15,882.30 |
2023 | 5 | - | 16,667.24 |
2023 | 6 | - | 17,313.27 |
2023 | 7 | - | 17,140.54 |
2023 | 8 | - | 16,977.10 |
2023 | 9 | - | 16,461.45 |
2023 | 10 | - | 17,218.96 |
2023 | 11 | - | 18,110.08 |
2023 | 12 | - | 18,637.42 |
2024 | 1 | - | 19,420.05 |
2024 | 2 | - | 20,057.44 |
2024 | 3 | - | 19,855.04 |
2024 | 4 | - | 20,354.73 |
2024 | 5 | - | 21,442.41 |
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.
in2013dollars.com is a reference website maintained by the Official Data Foundation.
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 | $72.56 |
End Value Average monthly close | $5,509.01 |
Change in price | +7,492.35% +9.24% / yr |
Change incl. dividends | +28,568.08% +12.13% / yr |
Change incl. dividends, inflation-adjusted | +4,786.03% +8.19% / yr |
Final amount, nominal ($100 base) | $28,668.08 |
Final amount, inflation-adjusted ($100 base) | $4,886.03 |