S&P 500: $100 in 1917 → $3,035,019.37 in 2023

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Stock market returns between 1917 and 2023

If you invested $100 in the S&P 500 at the beginning of 1917, you would have about $3,035,019.37 at the end of 2023, assuming you reinvested all dividends. This is a return on investment of 3,034,919.37%, or 10.16% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 127,395.80% cumulatively, or 6.93% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $3,366,387.56.

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 $3,034,919.37, or 3,034,919.37%. This means by 2023 you would have $3,035,019.37 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 1917 was 12.800 and the CPI in 2023 was 304.702.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 106 years.

Adjusted for inflation, the $3,035,019.37 nominal end value of the original $100 investment would have a real return of roughly $127,395.80 in 1917 dollars. This means the inflation-adjusted return is 127,395.80% as opposed to the original 3,034,919.37%.

For more information on inflation, see our U.S. inflation calculator for 1917.

Full monthly data

The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 1280-month period between 1917 and 2023.

Note that data shown is the monthly average closing price. Returns include dividends.

YearMonthReturn (%)Amount ($)CPI
19171-5.15%94.8511.70
191723.64%98.3012.00
19173-0.97%97.3512.00
19174-2.83%94.5912.60
191752.61%97.0612.80
19176-2.19%94.9313.00
19177-2.36%92.7012.80
19178-4.17%88.8313.00
19179-4.74%84.6113.30
191710-7.61%78.1813.50
191711-2.61%76.1413.50
1917126.88%81.3713.70
191813.84%84.5014.00
19182-1.27%83.4314.10
19183-0.21%83.2514.00
191843.94%86.5414.20
191850.85%87.2714.50
191861.51%88.5914.70
191871.62%90.0315.10
191880.14%90.1515.40
191894.91%94.5815.70
1918103.17%97.5816.00
191811-1.39%96.2216.30
191812-0.03%96.1916.50
191910.98%97.1416.50
191923.64%100.6816.20
191933.90%104.6016.40
191947.47%112.4116.70
191953.19%116.0016.90
191963.75%120.3516.90
19197-6.25%112.8317.40
191982.09%115.1917.70
191995.60%121.6417.80
191910-2.48%118.6218.10
191911-2.45%115.7118.50
191912-0.51%115.1218.90
19201-7.77%106.1719.30
192027.58%114.2219.50
19203-0.30%113.8719.70
19204-5.77%107.3020.30
19205-1.20%106.0220.60
192060.42%106.4620.90
19207-3.37%102.8720.80
192084.12%107.1120.30
192090.67%107.8320.00
192010-4.53%102.9419.90
192011-8.39%94.3119.80
1920125.03%99.0519.40
19211-0.11%98.9419.00
19212-1.96%97.0018.40
192131.04%98.0118.30
192143.63%101.5718.10
19215-7.43%94.0217.70
192160.31%94.3217.60
19217-0.61%93.7417.70
192183.10%96.6417.70
192191.96%98.5317.50
1921105.96%104.4017.50
1921114.09%108.6717.40
1921120.39%109.0917.30
192212.72%112.0616.90
192224.28%116.8516.90
192236.58%124.5416.70
192244.38%130.0016.70
19225-0.47%129.3916.70
192261.19%130.9316.70
192274.24%136.4816.80
192283.07%140.6716.60
192292.67%144.4216.60
192210-4.52%137.9016.70
1922110.25%138.2516.80
1922121.85%140.8016.90
192314.75%147.4916.80
192322.08%150.5516.80
19233-3.04%145.9716.80
19234-4.25%139.7616.90
19235-3.31%135.1416.90
19236-2.84%131.3117.00
192371.04%132.6717.20
192381.16%134.2017.10
19239-0.94%132.9417.20
1923103.54%137.6417.30
1923113.92%143.0417.30
1923123.79%148.4617.30
192410.95%149.8817.30
19242-1.42%147.7617.20
19243-1.79%145.1217.10
192440.17%145.3717.00
192452.42%148.8817.00
192465.16%156.5617.00
192473.93%162.7217.10
19248-0.48%161.9417.00
19249-0.81%160.6317.10
1924106.08%170.4117.20
1924115.87%180.4117.20
1924124.58%188.6817.30
192511.29%191.1117.30
19252-2.19%186.9317.20
19253-0.61%185.7917.30
192543.67%192.6117.20
192552.24%196.9217.30
192563.22%203.2617.50
192571.79%206.8917.70
192582.74%212.5717.70
192593.73%220.4917.70
1925103.53%228.2717.70
1925112.04%232.9218.00
1925121.93%237.4017.90
192610.56%238.7317.90
19262-6.38%223.4917.90
19263-2.35%218.2317.80
192641.15%220.7417.90
192655.22%232.2617.80
192664.66%243.0717.70
192674.39%253.7517.50
192681.94%258.6817.40
19269-1.83%253.9417.50
1926101.74%258.3517.60
1926112.71%265.3417.70
192612-0.24%264.7017.70
192712.37%270.9817.50
192721.97%276.3117.40
192732.88%284.2617.30
192743.87%295.2617.30
192751.70%300.2917.40
192762.62%308.1717.60
192775.73%325.8117.30
192786.06%345.5717.20
19279-1.17%341.5417.30
1927102.66%350.6117.40
1927112.72%360.1417.30
1927120.77%362.9117.30
19281-0.83%359.9017.30
192825.75%380.5817.10
192836.66%405.9417.10
192843.44%419.8817.10
19285-4.57%400.7117.20
192861.09%405.0817.10
192873.59%419.6317.10
192887.37%450.5717.10
192892.36%461.2017.30
1928107.08%493.8617.20
1928110.70%497.2917.20
1928127.69%535.5517.10
192910.81%539.8917.10
192922.05%550.9617.10
19293-0.30%549.3017.00
192941.80%559.1716.90
192952.20%571.4817.00
192969.20%624.0617.10
192975.96%661.2417.30
192984.24%689.3017.30
19299-10.32%618.1317.30
192910-26.19%456.2417.30
1929114.37%476.1917.30
1929121.83%484.8917.20
193016.64%517.0717.10
193024.12%538.3817.00
193036.69%574.3916.90
19304-5.65%541.9317.00
19305-9.77%488.9816.90
19306-1.76%480.3816.80
19307-0.90%476.0716.60
193080.34%477.7116.50
19309-13.37%413.8316.60
193010-6.80%385.7016.50
193011-6.19%361.8316.40
1930123.56%374.7016.10
193118.14%405.1915.90
193122.38%414.8415.70
19313-9.08%377.1715.60
19314-9.16%342.6215.50
19315-2.68%333.4515.30
193163.86%346.3115.10
19317-2.49%337.7015.10
19318-14.37%289.1815.10
19319-12.75%252.3115.00
1931102.05%257.4914.90
193111-18.10%210.8914.70
193112-0.85%209.1014.60
19321-0.05%209.0014.30
193221.14%211.3814.10
19323-23.22%162.2914.00
19324-11.31%143.9313.90
19325-12.39%126.0913.70
193266.18%133.8913.60
1932751.35%202.6513.60
1932810.37%223.6513.50
19329-13.22%194.1013.40
193210-0.34%193.4413.30
193211-2.64%188.3413.20
1932124.57%196.9413.10
19331-11.27%174.7612.90
193320.33%175.3412.70
1933311.24%195.0512.60
1933429.32%252.2412.60
1933517.58%296.5912.60
193368.46%321.6812.70
19337-4.64%306.7513.10
19338-0.48%305.2713.20
19339-9.38%276.6413.20
1933102.80%284.3913.20
1933112.32%290.9913.20
1933126.08%308.7013.20
193417.75%332.6213.20
19342-4.80%316.6613.30
193432.02%323.0513.30
19344-9.83%291.3113.30
193451.70%296.2713.30
19346-4.36%283.3713.40
19347-3.51%273.4113.40
19348-2.01%267.9113.40
193491.21%271.1513.60
1934103.21%279.8613.50
1934111.06%282.8213.50
1934120.40%283.9713.40
19351-2.62%276.5313.60
19352-5.93%260.1313.70
193537.94%280.7813.70
193548.27%303.9913.80
193554.17%316.6813.80
193565.60%334.4113.70
193577.10%358.1713.70
193582.43%366.8813.70
193592.99%377.8413.70
1935109.71%414.5313.70
1935110.29%415.7513.80
1935125.82%439.9513.80
193616.03%466.4913.80
193622.41%477.7413.80
193630.41%479.7213.70
19364-5.02%455.6413.70
193654.57%476.4813.70
193666.23%506.1813.80
193672.30%517.8113.90
193681.44%525.2914.00
193695.55%554.4514.00
1936103.10%571.6414.00
193611-1.40%563.6414.00
1936123.46%583.1314.00
193713.30%602.3914.10
193720.23%603.7714.10
19373-5.62%569.8114.20
19374-4.09%546.5314.30
19375-3.34%528.2914.40
193766.39%562.0614.40
193771.44%570.1414.50
19378-13.76%491.6714.50
19379-14.10%422.3614.60
193710-8.27%387.4514.60
193711-1.02%383.5014.50
1937123.24%395.9114.40
19381-1.80%388.7714.20
19382-6.02%365.3714.10
19383-3.44%352.7914.10
193841.56%358.2814.20
193852.93%368.7914.10
1938620.49%444.3514.10
193871.06%449.0514.10
19388-4.08%430.7114.10
1938911.62%480.7414.10
1938100.47%482.9814.00
193811-2.55%470.6614.00
193812-1.16%465.1914.00
19391-0.46%463.0614.00
193920.27%464.3013.90
19393-12.24%407.4613.90
193944.10%424.1513.80
193952.17%433.3613.80
193962.84%445.6513.80
19397-1.07%440.9013.80
1939811.06%489.6413.80
193991.38%496.4214.10
193910-1.41%489.4214.00
193911-1.97%479.7714.00
193912-0.15%479.0614.00
19401-0.23%477.9613.90
19402-0.15%477.2714.00
194031.42%484.0414.00
19404-13.34%419.4714.00
19405-8.09%385.5114.00
194063.87%400.4314.10
194072.65%411.0414.00
194084.76%430.6014.00
194091.47%436.9114.00
1940102.85%449.3614.00
194011-3.59%433.2314.00
1940120.72%436.3514.10
19411-5.72%411.3814.10
194121.18%416.2214.10
19413-2.55%405.6214.20
19414-1.59%399.1814.30
194154.11%415.5714.40
194165.71%439.3114.70
194170.08%439.6414.70
194180.86%443.4314.90
19419-3.43%428.2015.10
194110-4.08%410.7215.30
194111-5.88%386.5615.40
1941122.62%396.6815.50
19421-2.48%386.8415.70
19422-4.76%368.4215.80
19423-3.45%355.6916.00
194241.87%362.3516.10
194255.75%383.1816.30
194264.38%399.9716.30
194270.05%400.1516.40
194281.66%406.8016.50
194297.97%439.2116.50
1942102.15%448.6816.70
1942111.06%453.4216.80
1942126.50%482.9116.90
194316.43%513.9816.90
194324.01%534.6116.90
194333.79%554.8517.20
194344.36%579.0617.40
194352.18%591.6817.50
194362.47%606.3117.50
19437-4.54%578.7917.40
194382.55%593.5717.30
19439-0.50%590.6017.40
194310-4.21%565.7617.40
1943111.77%575.7717.40
1943123.67%596.8817.40
19441-0.24%595.4217.40
194423.24%614.7217.40
19443-1.31%606.6717.40
194442.20%620.0417.50
194455.14%651.9217.50
194463.02%671.6017.60
19447-1.06%664.5117.70
19448-1.23%656.3717.70
194492.88%675.3017.70
194410-0.28%673.3817.70
1944112.60%690.8917.70
1944123.38%714.2717.80
194513.73%740.9417.80
194520.31%743.2717.80
194532.90%764.8417.80
194544.16%796.6617.80
194552.19%814.0917.90
19456-1.70%800.2818.10
194570.71%805.9418.10
194587.18%863.8018.10
194594.51%902.7918.10
1945103.61%935.3518.10
1945112.02%954.2818.10
1945124.30%995.3118.20
194610.59%1,001.1418.20
19462-2.68%974.3318.10
194636.77%1,040.2918.30
194640.52%1,045.6718.40
19465-0.34%1,042.1318.50
19466-2.55%1,015.5818.70
19467-1.62%999.1019.80
19468-14.42%855.0020.20
19469-1.87%838.9920.40
194610-0.01%838.8820.80
1946113.39%867.3621.30
1946120.92%875.3421.50
194714.27%912.7121.50
19472-3.67%879.1921.50
19473-3.30%850.1921.90
19474-1.36%838.6121.90
194753.92%871.4921.90
194766.69%929.8322.00
19477-1.56%915.3322.20
19478-2.17%895.5022.50
194793.03%922.6023.00
194710-0.73%915.8723.00
194711-1.12%905.5923.10
194712-0.86%897.7523.40
19481-4.45%857.8223.70
194821.92%874.2823.50
194838.19%945.8623.40
194845.33%996.2723.80
194854.59%1,041.9823.90
19486-1.96%1,021.5824.10
19487-2.49%996.1624.40
19488-0.68%989.4124.50
194893.19%1,020.9624.50
194810-5.10%968.8824.40
194811-0.16%967.3524.20
1948121.63%983.1124.10
19491-3.33%950.4024.00
194921.49%964.5723.80
194930.41%968.5623.80
19494-0.18%966.7923.90
19495-4.91%919.2923.80
194966.26%976.8723.90
194974.17%1,017.6123.70
194981.87%1,036.6523.80
194993.14%1,069.2223.90
1949101.95%1,090.0423.70
1949113.24%1,125.3823.80
1949122.63%1,154.9823.60
195012.52%1,184.1123.50
195021.38%1,200.4023.50
195033.39%1,241.0423.60
195043.91%1,289.6223.60
195052.16%1,317.5423.70
19506-6.72%1,228.9523.80
195076.64%1,310.5324.10
195084.11%1,364.3724.30
195094.72%1,428.7924.40
1950100.38%1,434.1624.60
1950110.19%1,436.9524.70
1950128.01%1,552.0925.00
195114.31%1,618.9725.40
19512-1.11%1,600.9625.70
195131.93%1,631.8025.80
195140.63%1,642.0625.80
19515-1.15%1,623.2525.90
195162.37%1,661.6725.90
195174.97%1,744.1825.90
195183.14%1,798.8725.90
195190.03%1,799.3826.10
195110-2.25%1,758.8326.20
1951113.61%1,822.3826.40
1951123.83%1,892.2526.50
19521-1.33%1,867.0426.50
195220.75%1,881.0426.30
195230.20%1,884.8626.30
195240.46%1,893.5326.40
195253.24%1,954.9726.40
195263.37%2,020.7926.50
195270.88%2,038.5826.70
19528-1.11%2,015.9826.70
19529-1.61%1,983.5126.70
1952103.67%2,056.2526.70
1952114.51%2,148.9726.70
1952120.99%2,170.2226.70
19531-0.77%2,153.4326.60
195320.96%2,174.0426.50
19533-4.47%2,076.8026.60
195341.00%2,097.6326.60
19535-3.11%2,032.4426.70
195361.91%2,071.3326.80
195370.90%2,089.9526.80
19538-4.11%2,004.1226.90
195393.52%2,074.6026.90
1953102.71%2,130.7827.00
1953111.84%2,169.9226.90
1953123.02%2,235.5426.90
195412.68%2,295.3726.90
195422.58%2,354.6426.90
195434.45%2,459.4426.90
195444.42%2,568.2126.80
195451.22%2,599.6226.90
195464.46%2,715.4926.90
195472.39%2,780.5126.90
195482.74%2,856.6926.90
195492.71%2,934.1226.80
1954104.30%3,060.3526.80
1954114.95%3,211.9426.80
1954122.17%3,281.5926.70
195513.70%3,403.1726.70
19552-0.44%3,388.3226.70
195533.81%3,517.3526.70
19554-0.08%3,514.5826.70
195556.15%3,730.5626.70
195567.64%4,015.7226.70
19557-0.30%4,003.7026.80
195584.82%4,196.5426.80
19559-4.72%3,998.2626.90
1955107.07%4,280.7826.90
1955111.24%4,333.7426.90
195512-2.39%4,230.2626.80
195610.95%4,270.4326.80
195627.21%4,578.1626.80
195631.48%4,646.0426.80
19564-2.84%4,514.1626.90
19565-0.26%4,502.3427.00
195665.75%4,761.1727.20
19567-0.28%4,747.6127.40
19568-3.09%4,600.9727.30
19569-0.95%4,557.0927.40
195610-0.71%4,524.6227.50
1956111.81%4,606.4727.50
195612-1.86%4,520.6727.60
19571-4.00%4,340.0427.60
195721.62%4,410.3727.70
195732.64%4,526.9827.80
195744.16%4,715.3127.90
195751.95%4,807.4628.00
195762.32%4,919.0928.10
19577-5.21%4,663.0528.30
19578-3.74%4,488.6728.30
19579-5.90%4,223.9928.30
195710-1.80%4,147.9428.30
1957110.32%4,161.1428.40
1957122.33%4,258.0428.40
195810.70%4,287.9228.60
195822.42%4,391.6428.60
195830.90%4,431.0128.80
195843.56%4,588.6628.90
195852.74%4,714.1728.90
195863.07%4,858.9328.90
195874.05%5,055.9329.00
195882.94%5,204.7628.90
195894.36%5,431.6428.90
1958103.33%5,612.3128.90
1958112.16%5,733.6729.00
1958124.25%5,977.6228.90
19591-1.27%5,902.0029.00
195922.81%6,067.6228.90
195931.94%6,185.1228.90
195941.77%6,294.3129.00
19595-0.61%6,256.1529.00
195964.23%6,520.6329.10
19597-0.32%6,499.8629.20
19598-3.70%6,259.1629.20
195990.18%6,270.2229.30
1959100.67%6,312.1829.40
1959113.46%6,530.7729.40
195912-1.49%6,433.7429.40
19601-3.61%6,201.5329.30
19602-1.08%6,134.6729.40
196031.58%6,231.8629.40
19604-0.62%6,192.9429.50
196053.99%6,439.9229.50
19606-2.20%6,298.4929.60
196071.49%6,392.3929.60
19608-2.72%6,218.4729.60
19609-1.67%6,114.3829.60
1960103.54%6,330.8829.80
1960112.69%6,501.2229.80
1960125.43%6,854.0429.80
196114.37%7,153.8429.80
196123.40%7,396.8629.80
196132.92%7,612.7729.80
196141.26%7,708.9529.80
19615-1.08%7,625.6829.80
19616-0.03%7,623.5529.80
196173.84%7,916.2130.00
19618-0.54%7,873.3329.90
196191.34%7,979.0730.00
1961104.77%8,359.8430.00
1961111.16%8,457.0730.00
196112-3.49%8,162.1630.00
196211.91%8,318.0130.00
196220.34%8,346.3830.10
19623-2.94%8,100.5830.10
19624-7.19%7,518.5530.20
19625-11.41%6,660.4830.20
196262.72%6,841.4630.20
196273.02%7,048.2830.30
19628-0.59%7,006.4630.30
19629-2.86%6,806.3430.40
1962107.20%7,296.4530.40
1962114.62%7,633.8230.40
1962124.15%7,950.3730.40
196311.60%8,077.2330.40
19632-0.11%8,068.4830.40
196334.98%8,470.1430.50
196342.27%8,662.3830.50
196350.22%8,681.1430.50
19636-1.22%8,575.0730.60
196373.03%8,834.9930.70
196382.89%9,090.6430.70
196390.50%9,136.0830.70
196310-0.31%9,108.0830.80
1963112.39%9,326.0630.80
1963123.33%9,636.6430.90
196411.48%9,779.2530.90
196422.07%9,981.7930.90
196431.69%10,150.7930.90
196441.22%10,274.6630.90
19645-0.35%10,238.6330.90
196463.96%10,644.1931.00
19647-1.23%10,513.7331.10
196481.97%10,720.3731.00
196491.97%10,931.5831.10
1964100.94%11,034.0031.10
196411-1.49%10,869.5631.20
1964122.82%11,176.1731.20
196510.98%11,285.1431.20
196520.34%11,323.0131.20
196531.56%11,499.3931.30
196541.73%11,698.6231.40
19655-4.51%11,171.3331.40
196560.10%11,182.8231.60
196572.12%11,419.7431.60
196583.60%11,830.4031.60
196592.50%12,125.7931.60
1965101.08%12,256.2631.70
196511-0.21%12,230.3231.70
1965121.98%12,472.5431.80
19661-0.43%12,418.8531.80
19662-3.86%11,939.2032.00
196633.32%12,335.6932.10
19664-5.01%11,717.9732.30
19665-0.56%11,652.4132.30
196660.02%11,654.5532.40
19667-5.77%10,982.1532.50
19668-3.22%10,627.9932.70
19669-0.56%10,568.0132.70
1966105.32%11,129.8132.90
1966110.72%11,209.4732.90
1966124.13%11,672.4632.90
196713.73%12,107.8432.90
196722.63%12,426.7332.90
196731.99%12,674.3333.00
196742.06%12,935.1333.10
19675-0.99%12,806.8333.20
196761.99%13,062.0033.30
196771.85%13,303.8633.40
196781.65%13,523.9033.50
196790.10%13,537.0733.60
196710-2.88%13,146.9733.70
1967113.11%13,556.0733.80
196712-0.02%13,553.6933.90
19681-4.26%12,976.7234.10
19682-1.56%12,774.3834.20
196837.66%13,753.1234.30
196842.56%14,104.8834.40
196852.94%14,519.6634.50
196860.05%14,526.7734.70
19687-1.93%14,245.8334.90
196883.51%14,745.5335.00
196892.72%15,146.1935.10
1968101.79%15,416.6635.30
1968111.29%15,614.8235.40
196812-3.99%14,992.5535.50
19691-0.24%14,956.7835.60
19692-1.91%14,670.5435.80
196932.27%15,004.1836.10
196943.51%15,531.3536.30
19695-4.97%14,759.2436.40
19696-4.21%14,138.5636.60
19697-0.28%14,098.4736.80
196980.63%14,187.0837.00
196991.35%14,378.1037.10
1969101.00%14,521.5137.30
196911-5.03%13,791.4437.50
196912-0.59%13,710.2137.70
19701-3.20%13,272.0237.80
197022.01%13,539.0938.00
19703-2.75%13,167.0738.20
19704-11.20%11,692.4938.50
19705-0.27%11,660.9338.60
197060.52%11,721.8738.80
197073.26%12,103.5139.00
197086.32%12,868.6139.00
197092.49%13,188.9739.20
1970100.21%13,216.2439.40
1970117.16%14,162.3039.60
1970124.11%14,744.4739.80
197114.15%15,356.5239.80
197122.83%15,791.4039.90
197133.67%16,371.5540.00
19714-1.11%16,190.1740.10
19715-1.60%15,931.8040.30
19716-0.46%15,858.0440.60
19717-1.52%15,617.4640.70
197182.49%16,005.7740.80
19719-1.86%15,707.4840.80
197110-4.37%15,020.8240.90
1971117.16%16,096.8540.90
1971124.42%16,808.7441.10
197212.09%17,159.5341.10
197222.62%17,609.0541.30
197231.26%17,830.7341.40
19724-0.78%17,692.3841.50
197250.52%17,783.6941.60
19726-0.50%17,694.0841.70
197273.78%18,363.5741.90
19728-1.21%18,141.2942.00
197290.42%18,217.0242.10
1972105.25%19,174.1842.30
1972112.31%19,617.3942.40
1972120.99%19,811.4842.50
19731-3.33%19,152.7242.60
19732-1.35%18,895.0542.90
19733-1.63%18,586.4443.30
19734-2.57%18,108.8143.60
19735-1.99%17,748.4843.90
197361.21%17,963.2844.20
19737-1.64%17,669.5144.30
197382.00%18,022.0645.10
197394.24%18,785.3645.20
197310-6.85%17,498.0245.60
197311-6.81%16,307.2345.90
1973121.70%16,584.5246.20
19741-2.47%16,174.4146.60
197424.57%16,914.3347.20
19743-4.82%16,099.6347.80
19744-2.71%15,664.0348.00
197450.46%15,735.6548.60
19746-11.35%13,950.1549.00
19747-3.76%13,424.9649.40
19748-10.01%12,080.6450.00
197492.38%12,367.7950.60
1974103.74%12,830.7751.10
197411-6.09%12,049.1451.50
1974128.63%13,089.3151.90
1975110.81%14,503.9552.10
197524.97%15,225.3252.50
197531.49%15,451.7252.70
197546.71%16,488.9452.90
197552.89%16,966.2453.20
197560.43%17,039.5353.60
19757-7.00%15,847.4054.20
19758-0.85%15,712.2754.30
197594.97%16,493.3754.60
1975102.04%16,830.1254.90
197511-1.18%16,631.5855.30
1975129.55%18,219.1155.50
197614.18%18,980.3355.60
197620.80%19,132.6355.80
197631.10%19,342.2255.90
19764-0.38%19,268.0956.10
197650.90%19,441.6156.50
197662.67%19,959.8056.80
19767-0.56%19,847.9057.10
197682.44%20,331.7757.40
19769-3.11%19,699.8257.60
197610-0.37%19,627.5957.90
1976113.79%20,370.7958.00
197612-0.54%20,261.3558.20
19771-2.37%19,781.4358.50
19772-0.05%19,770.7259.10
19773-1.19%19,534.7259.50
197740.06%19,547.3260.00
197750.90%19,723.2060.30
197761.28%19,976.1460.70
19777-2.08%19,560.9161.00
19778-1.18%19,331.0061.20
19779-2.20%18,906.1461.40
1977100.98%19,091.6361.60
197711-0.08%19,076.3361.90
197712-3.39%18,429.5862.10
19781-0.97%18,250.4462.50
197820.27%18,298.9362.90
197834.83%19,182.7663.40
197845.50%20,238.6463.90
197850.67%20,374.9664.50
19786-0.06%20,362.2765.20
197877.33%21,854.4565.70
197880.40%21,941.8066.00
19789-2.77%21,333.2466.50
197810-5.44%20,173.2267.10
1978111.92%20,561.1167.40
1978124.19%21,421.6667.70
19791-1.06%21,195.2468.30
197922.34%21,691.4569.10
197932.43%22,218.7569.80
19794-1.89%21,798.1570.60
197952.42%22,325.1571.50
197961.42%22,642.3572.30
197975.01%23,777.7273.10
197981.54%24,144.0073.80
19799-3.35%23,334.5774.60
197910-0.32%23,259.3375.20
1979114.40%24,283.6775.90
1979123.31%25,088.0676.70
198014.40%26,190.8977.80
19802-8.78%23,891.9078.90
19803-1.16%23,614.2680.10
198045.04%24,803.5181.00
198056.86%26,505.7081.80
198064.97%27,822.8982.70
198073.50%28,797.9982.70
198082.84%29,614.6583.30
198093.32%30,599.2784.00
1980104.61%32,011.3384.80
198011-1.24%31,612.8685.50
1980120.01%31,616.0286.30
19811-3.07%30,645.3587.00
198124.14%31,915.0887.90
198131.29%32,327.9988.50
19814-1.62%31,805.1689.10
198150.86%32,077.9289.80
19816-2.02%31,431.1590.60
198170.80%31,683.4091.60
19818-8.30%29,052.8392.30
198191.73%29,554.6593.20
1981103.04%30,454.2193.40
1981111.18%30,813.3893.70
198112-4.80%29,333.0794.00
19821-1.91%28,771.6694.30
19822-2.74%27,982.0194.60
198235.47%29,512.4394.50
198240.57%29,680.5594.90
19825-5.27%28,116.2095.80
198260.24%28,184.7697.00
198270.79%28,408.5497.50
1982812.10%31,844.9597.70
198298.88%34,673.2297.90
1982104.50%36,233.4998.20
1982111.36%36,724.6498.00
1982123.93%38,166.3597.60
198312.13%38,979.3097.80
198323.87%40,486.0997.90
198334.20%42,185.4597.90
198344.42%44,051.7498.60
198351.75%44,824.1999.20
198360.71%45,141.6099.50
19837-2.41%44,054.9699.90
198383.31%45,514.87100.20
198390.65%45,809.77100.70
198310-1.14%45,286.89101.00
198311-0.13%45,228.87101.20
1983121.58%45,941.64101.30
19841-5.11%43,593.02101.90
198420.44%43,785.86102.40
198430.51%44,007.94102.60
19844-0.25%43,896.79103.10
19845-1.85%43,085.44103.40
19846-0.91%42,694.04103.70
198479.21%46,624.69104.10
198481.41%47,280.68104.50
19849-0.41%47,085.70105.00
1984101.29%47,691.17105.30
198411-0.71%47,353.73105.30
1984124.70%49,578.20105.30
198515.79%52,447.47105.50
19852-0.48%52,196.61106.00
198531.02%52,731.47106.40
198542.74%54,174.01106.90
198552.51%55,534.30107.30
198562.25%56,782.28107.60
19857-1.85%55,734.47107.80
19858-1.88%54,683.88108.00
198591.50%55,501.71108.30
1985106.42%59,065.21108.70
1985115.29%62,192.43109.00
1985120.75%62,659.94109.30
198615.70%66,229.84109.60
198626.18%70,324.67109.30
198632.74%72,252.57108.80
198640.49%72,607.93108.60
198653.13%74,882.91108.90
19866-1.80%73,532.09109.50
198672.28%75,209.25109.50
19868-2.46%73,361.93109.70
19869-0.09%73,296.00110.20
1986103.53%75,885.51110.30
1986111.71%77,182.35110.40
1986126.67%82,333.02110.50
198716.46%87,653.27111.20
198724.38%91,489.34111.60
19873-0.86%90,705.82112.10
198740.17%90,862.58112.70
198754.50%94,949.99113.10
198763.12%97,914.42113.50
198776.45%104,233.82113.80
19878-3.03%101,075.09114.40
19879-11.85%89,093.77115.00
198710-12.30%78,132.19115.30
198711-1.33%77,089.37115.40
1987124.25%80,363.00115.40
198813.33%83,037.94115.70
198823.23%85,721.77116.00
19883-0.89%84,962.25116.50
19884-2.19%83,103.05117.10
198856.00%88,087.74117.50
19886-0.31%87,817.38118.00
19887-1.72%86,308.25118.50
198881.93%87,971.56119.00
198893.80%91,315.90119.80
198810-2.02%89,471.09120.20
1988112.33%91,552.15120.30
1988123.51%94,768.06120.50
198913.30%97,895.27121.10
19892-0.16%97,737.01121.60
198933.56%101,221.14122.30
198944.12%105,386.70123.10
198953.39%108,962.07123.80
198962.80%112,013.20124.10
198974.69%117,267.46124.40
198980.46%117,801.66124.60
198990.29%118,138.87125.00
198910-1.81%115,996.36125.60
1989112.74%119,170.84125.90
198912-2.21%116,535.70126.10
19901-2.53%113,590.63127.40
199022.71%116,665.72128.00
199030.20%116,894.37128.70
199043.85%121,395.88128.90
199053.17%125,244.08129.20
199060.17%125,456.65129.90
19907-7.86%115,594.22130.40
19908-4.34%110,576.20131.60
19909-2.32%108,015.51132.70
1990102.98%111,238.50133.50
1990114.59%116,340.57133.80
199012-0.69%115,543.44133.80
1991111.61%128,954.30134.60
199123.04%132,880.47134.80
199132.26%135,882.01135.00
19914-0.18%135,638.95135.20
199150.35%136,109.63135.60
199160.78%137,171.95136.00
199172.68%140,846.69136.20
19918-0.30%140,419.79136.60
199190.18%140,674.85137.20
1991100.02%140,697.07137.40
1991110.94%142,012.79137.80
1991127.36%152,462.12137.90
19921-0.60%151,546.06138.10
19922-1.01%150,011.84138.60
199230.26%150,408.33139.30
199242.07%153,519.30139.50
19925-1.33%151,478.84139.70
199261.91%154,375.32140.20
199270.94%155,829.10140.50
199280.38%156,418.43140.90
19929-1.18%154,569.47141.30
1992102.76%158,830.80141.80
1992113.27%164,026.48142.00
1992120.14%164,260.86141.90
199311.72%167,093.12142.60
199322.15%170,685.88143.10
19933-1.34%168,395.71143.60
199340.72%169,616.12144.00
199350.87%171,083.61144.20
199360.06%171,187.97144.40
199371.76%174,205.10144.40
199381.35%176,565.53144.80
199391.24%178,758.31145.10
1993100.01%178,771.80145.70
1993110.89%180,357.83145.80
1993121.74%183,488.62145.80
19941-0.08%183,349.72146.20
19942-1.42%180,739.15146.70
19943-3.35%174,690.94147.20
199441.06%176,539.59147.40
199451.11%178,495.81147.50
19946-0.52%177,569.64148.00
199473.08%183,042.48148.40
199480.82%184,538.79149.00
19949-0.44%183,719.42149.40
199410-0.37%183,039.87149.50
199411-1.03%181,162.42149.70
1994122.45%185,603.03149.70
199513.82%192,691.38150.30
199522.56%197,620.76150.90
199533.22%203,975.36151.40
199543.35%210,803.96151.90
199553.18%217,504.20152.20
199563.55%225,220.12152.50
199570.51%226,375.78152.50
199583.72%234,791.67152.90
199590.91%236,934.30153.20
1995102.36%242,522.13153.70
1995113.39%250,741.53153.60
1995120.16%251,149.19153.50
199615.90%265,978.03154.40
19962-0.20%265,444.22154.90
199630.20%265,967.25155.70
199642.35%272,230.32156.30
199651.28%275,711.04156.60
19966-3.48%266,125.76156.70
199673.08%274,311.13157.00
199682.02%279,862.44157.30
199694.12%291,391.37157.80
1996105.05%306,112.70158.30
1996111.20%309,780.63158.60
1996123.26%319,871.85158.60
199714.36%333,821.99159.10
19972-0.62%331,739.99159.60
19973-3.41%320,443.43160.00
199749.22%349,981.36160.20
199755.34%368,659.25160.10
199765.74%389,805.27160.30
199770.35%391,160.97160.50
199781.19%395,823.64160.80
199791.65%402,336.43161.20
199710-1.15%397,701.34161.60
1997112.63%408,179.24161.50
1997120.24%409,146.99161.30
199816.40%435,341.23161.60
199825.31%458,470.35161.90
199833.41%474,084.36162.20
19984-0.22%473,032.57162.50
199850.12%473,583.45162.80
199864.47%494,741.58163.00
19987-6.97%460,253.11163.20
19988-4.90%437,707.84163.40
199891.29%443,358.02163.60
19981010.97%492,013.83164.00
1998114.10%512,206.59164.00
1998125.05%538,061.18163.90
19991-0.07%537,702.24164.30
199922.92%553,422.02164.50
199934.25%576,942.58165.00
19994-0.10%576,372.37166.20
19995-0.61%572,846.32166.20
199964.52%598,752.65166.20
19997-3.77%576,153.41166.70
19998-0.60%572,707.92167.10
19999-1.27%565,420.38167.90
1999107.11%605,598.86168.20
1999112.81%622,608.50168.30
199912-0.12%621,868.02168.30
20001-2.48%606,457.65168.80
200023.94%630,357.86169.80
200031.42%639,338.35171.20
20004-2.84%621,188.85171.30
200053.16%640,840.04171.50
200060.85%646,289.38172.40
200070.94%652,362.63172.80
20008-1.08%645,319.39172.80
20009-5.21%611,670.96173.70
200010-0.77%606,945.41174.00
200011-3.32%586,794.37174.10
2000120.46%589,464.33174.00
20011-2.14%576,871.85175.10
20012-9.08%524,492.45175.80
200130.45%526,845.81176.20
200146.88%563,089.29176.90
20015-2.39%549,639.04177.70
20016-2.66%535,017.40178.00
20017-2.05%524,071.80177.50
20018-11.25%465,127.74177.50
200193.18%479,937.56178.30
2001105.05%504,189.50177.70
2001111.47%511,581.17177.40
200112-0.30%510,058.25176.70
20021-3.35%492,957.17177.10
200224.95%517,335.24177.80
20023-3.51%499,153.84178.80
20024-2.82%485,075.85179.80
20025-5.92%456,354.71179.80
20026-10.76%407,257.79179.90
200271.14%411,895.61180.10
20028-4.76%392,298.73180.70
20029-1.37%386,935.83181.00
2002106.63%412,572.57181.30
200211-1.04%408,302.19181.30
200212-0.22%407,393.64180.90
20031-6.41%381,260.01181.70
200321.31%386,246.50183.10
200335.29%406,662.95184.20
200345.31%428,265.74183.80
200355.70%452,694.81183.50
200360.60%455,392.42183.70
20037-0.17%454,635.00183.90
200383.16%469,006.83184.60
200392.03%478,517.49185.20
2003101.21%484,310.36185.00
2003113.06%499,148.71184.50
2003124.93%523,781.50184.30
200411.09%529,473.24185.20
20042-1.57%521,185.94186.20
200430.97%526,231.73187.40
20044-2.56%512,737.82188.00
200452.86%527,390.21189.10
20046-2.24%515,583.10189.70
20047-1.39%508,429.03189.40
200482.78%522,576.70189.50
200490.10%523,112.84189.90
2004104.77%548,085.70190.90
2004112.73%563,034.45191.00
200412-1.35%555,437.87190.30
200511.68%564,775.92190.70
20052-0.26%563,332.42191.80
20053-2.41%549,762.21193.30
200541.34%557,106.32194.60
200552.18%569,255.12194.40
200561.81%579,546.06194.50
200570.31%581,342.76195.40
200580.28%582,968.72196.40
20059-2.62%567,670.34198.80
2005103.96%590,158.84199.20
2005112.14%602,812.62197.60
2005121.47%611,654.50196.80
20061-0.02%611,552.72198.30
200621.49%620,641.24198.70
200630.80%625,596.01199.80
20064-0.79%620,674.85201.50
20065-2.71%603,880.67202.50
200660.72%608,228.86202.90
200672.29%622,168.00203.50
200682.53%637,916.15203.90
200693.62%660,982.65202.90
2006102.00%674,213.16201.80
2006112.15%688,697.04201.50
2006120.69%693,468.52201.80
200711.60%704,536.61202.42
20072-2.47%687,107.14203.50
200734.18%715,830.01205.35
200743.39%740,109.19206.69
200750.34%742,661.84207.95
200760.57%746,929.32208.35
20077-4.20%715,550.02208.30
200783.07%737,551.34207.92
200792.99%759,616.17208.49
200710-4.81%723,106.66208.94
2007111.24%732,060.32210.18
200712-6.64%683,486.67210.04
20081-1.56%672,797.18211.08
20082-2.63%655,125.24211.69
200834.24%682,927.47213.53
200842.56%700,428.19214.82
20085-4.25%670,683.94216.63
20086-6.08%629,916.60218.82
200872.11%643,211.21219.96
20088-4.85%612,031.32219.09
20089-20.19%488,440.25218.78
200810-8.61%446,408.27216.57
200811-0.35%444,840.41212.43
200812-1.10%439,966.93210.23
20091-6.70%410,478.12211.14
20092-5.69%387,132.43212.19
2009312.32%434,833.93212.71
200946.66%463,793.09213.24
200952.87%477,098.67213.86
200961.28%483,194.28215.69
200978.12%522,433.26215.35
200983.65%541,503.87215.83
200992.40%554,516.79215.97
2009102.09%566,130.18216.18
2009112.23%578,731.43216.33
2009121.36%586,584.63215.95
20101-2.90%569,582.63216.69
201025.94%603,433.13216.74
201034.09%628,101.05217.63
20104-5.88%591,153.66218.01
20105-3.54%570,205.75218.18
20106-0.16%569,298.71217.97
201070.86%574,215.23218.01
201083.37%593,572.92218.31
201094.58%620,743.34218.44
2010102.49%636,205.53218.71
2010113.71%659,832.52218.80
2010123.46%682,677.20219.18
201113.15%704,187.43220.22
20112-1.11%696,353.62221.31
201132.22%711,819.51223.47
201140.66%716,512.07224.91
20115-3.66%690,269.10225.96
201163.10%711,679.42225.72
20117-10.40%637,660.16225.92
20118-0.79%632,627.46226.55
201193.02%651,725.89226.89
2011101.77%663,242.68226.42
2011111.55%673,554.45226.23
2011124.78%705,767.59225.67
201214.16%735,145.93226.67
201222.88%756,346.34227.66
20123-0.04%756,057.34229.39
20124-3.09%732,687.97230.09
20125-1.15%724,244.39229.82
201262.92%745,400.20229.48
201273.39%770,652.13229.10
201283.02%793,934.81230.38
20129-0.22%792,210.90231.41
201210-2.84%769,731.96231.32
2012112.18%786,477.75230.22
2012124.27%820,050.61229.60
201312.33%839,182.57230.28
201322.72%862,028.93232.17
201331.45%874,561.03232.77
201344.57%914,565.81232.53
20135-1.12%904,343.03232.95
201363.25%933,774.66233.50
201370.25%936,132.71233.60
201381.19%947,295.78233.88
201392.12%967,355.25234.15
2013103.86%1,004,695.10233.55
2013111.52%1,019,983.16233.07
2013120.97%1,029,854.64233.05
20141-0.13%1,028,515.46233.92
201422.72%1,056,514.42234.78
201430.20%1,058,645.66236.29
201441.53%1,074,864.48237.07
201453.20%1,109,220.56237.90
201461.50%1,125,812.53238.34
20147-0.43%1,121,005.86238.25
201481.78%1,140,937.73237.85
20149-2.65%1,110,741.85238.03
2014105.71%1,174,116.92237.43
2014110.63%1,181,559.50236.15
201412-1.11%1,168,443.65234.81
201512.83%1,201,480.21233.71
201520.06%1,202,145.39234.72
201530.88%1,212,705.15236.12
201540.98%1,224,576.37236.60
20155-0.44%1,219,243.34237.81
20156-0.08%1,218,272.45238.64
20157-2.42%1,188,736.69238.65
20158-4.51%1,135,159.19238.32
201594.32%1,184,165.37237.95
2015102.93%1,218,890.66237.84
201511-1.10%1,205,446.66237.34
201512-6.42%1,128,061.55236.53
20161-0.55%1,121,858.23236.92
201626.36%1,193,239.02237.11
201632.83%1,227,022.72238.13
20164-0.30%1,223,288.09239.26
201651.07%1,236,334.34240.23
201663.30%1,277,101.70241.02
201671.20%1,292,417.44240.63
20168-0.44%1,286,747.97240.85
20169-0.51%1,280,237.27241.43
2016101.20%1,295,614.98241.73
2016113.95%1,346,739.48241.35
2016121.44%1,366,100.67241.43
201712.58%1,401,297.51242.84
201721.75%1,425,809.80243.60
20173-0.15%1,423,614.00243.80
201741.69%1,447,706.86244.52
201751.78%1,473,424.33244.73
201760.99%1,487,980.05244.96
201770.25%1,491,667.35244.79
201781.65%1,516,328.53245.52
201792.73%1,557,797.07246.82
2017101.59%1,582,559.33246.66
2017112.88%1,628,192.21246.67
2017124.86%1,707,353.26246.52
20181-2.89%1,658,067.32247.87
201820.06%1,659,138.07248.99
20183-1.66%1,631,530.48249.55
201841.96%1,663,534.93250.55
201852.11%1,698,684.92251.59
201861.58%1,725,536.75251.99
201872.45%1,767,826.28252.01
201881.68%1,797,521.31252.15
20189-3.85%1,728,334.96252.44
201810-2.08%1,692,452.85252.89
201811-5.56%1,598,309.96252.04
2018121.74%1,626,050.81251.23
201915.83%1,720,831.72251.71
201921.95%1,754,353.90252.78
201933.72%1,819,672.35254.20
20194-1.53%1,791,798.82255.55
201951.40%1,816,969.10256.09
201963.83%1,886,510.75256.14
20197-3.13%1,827,379.70256.57
201983.09%1,883,758.52256.56
201990.01%1,883,943.18256.76
2019104.43%1,967,471.42257.35
2019112.47%2,016,054.58257.21
2019123.35%2,083,519.78256.97
202010.12%2,086,063.28257.97
20202-18.92%1,691,427.90258.68
202034.32%1,764,474.15258.12
202045.89%1,868,355.19256.39
202056.51%1,989,952.82256.39
202063.48%2,059,132.23257.80
202075.89%2,180,487.29259.10
20208-0.63%2,166,815.58259.92
202091.73%2,204,214.85260.28
2020103.95%2,291,372.07260.39
2020114.26%2,388,986.36260.23
2020122.80%2,455,765.69260.47
202112.49%2,516,951.80261.58
202120.82%2,537,624.97263.01
202136.02%2,690,427.71264.88
202140.76%2,710,881.19267.05
202151.81%2,759,959.60269.20
202163.07%2,844,640.72271.70
202172.19%2,906,800.73273.00
20218-0.08%2,904,344.51273.57
202190.45%2,917,477.26274.31
2021104.74%3,055,904.09276.59
2021110.27%3,064,014.57277.95
202112-2.05%3,001,142.44278.80
20221-2.90%2,914,032.18281.15
20222-0.89%2,888,022.01283.72
202230.12%2,891,438.59287.50
20224-7.87%2,663,803.43289.11
20225-3.37%2,574,049.64292.30
202260.46%2,586,010.87296.31
202276.45%2,752,741.18296.28
20228-7.28%2,552,413.08296.17
20229-3.09%2,473,513.52296.81
2022105.29%2,604,241.04298.01
2022110.01%2,604,523.27297.71
2022121.38%2,640,373.40296.80
202313.15%2,723,465.20299.17
20232-2.59%2,653,051.99300.84
202334.00%2,759,073.82301.84
202340.74%2,779,427.38303.36
202354.94%2,916,791.87304.13
202363.88%3,029,847.94305.11
20237-1.13%2,995,761.51305.69
202381.31%3,035,019.37307.03
Click to show 1266 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 $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 1917. This would result in a final amount of $3,366,387.56, including dividend reinvestments. In this particular case, dollar-cost average returns are greater than the returns of a lump-sum investment (which ends with $3,035,019.37).

YearMonthContribution ($)Amount ($)
191714.163.93
191724.168.36
191734.1612.37
191744.1616.04
191754.1620.71
191764.1624.30
191774.1627.76
191784.1630.56
191794.1633.05
1917104.1634.35
1917114.1637.47
1917124.1644.46
191814.1650.45
191824.1653.89
191834.1657.90
191844.1664.47
191854.1669.18
191864.1674.42
191874.1679.83
191884.1684.08
191894.1692.54
1918104.1699.74
1918114.16102.44
1918124.32106.70
19191-107.75
19192-111.67
19193-116.02
19194-124.69
19195-128.66
19196-133.50
19197-125.15
19198-127.76
19199-134.93
191910-131.57
191911-128.34
191912-127.69
19201-117.77
19202-126.69
19203-126.31
19204-119.02
19205-117.59
19206-118.09
19207-114.10
19208-118.80
19209-119.60
192010-114.18
192011-104.60
192012-109.86
19211-109.74
19212-107.60
19213-108.71
19214-112.66
19215-104.29
19216-104.61
19217-103.97
19218-107.19
19219-109.29
192110-115.80
192111-120.54
192112-121.00
19221-124.30
19222-129.61
19223-138.14
19224-144.20
19225-143.52
19226-145.23
19227-151.38
19228-156.03
19229-160.19
192210-152.95
192211-153.34
192212-156.18
19231-163.59
19232-166.99
19233-161.91
19234-155.02
19235-149.90
19236-145.64
19237-147.15
19238-148.85
19239-147.46
192310-152.67
192311-158.65
192312-164.67
19241-166.24
19242-163.89
19243-160.96
19244-161.24
19245-165.14
19246-173.65
19247-180.48
19248-179.62
19249-178.17
192410-189.01
192411-200.10
192412-209.28
19251-211.97
19252-207.33
19253-206.07
19254-213.64
19255-218.42
19256-225.46
19257-229.48
19258-235.78
19259-244.57
192510-253.19
192511-258.35
192512-263.32
19261-264.79
19262-247.89
19263-242.05
19264-244.85
19265-257.62
19266-269.61
19267-281.46
19268-286.93
19269-281.66
192610-286.56
192611-294.31
192612-293.60
19271-300.57
19272-306.48
19273-315.30
19274-327.50
19275-333.07
19276-341.82
19277-361.39
19278-383.30
19279-378.83
192710-388.89
192711-399.46
192712-402.53
19281-399.19
19282-422.13
19283-450.26
19284-465.72
19285-444.46
19286-449.31
19287-465.45
19288-499.77
19289-511.55
192810-547.78
192811-551.59
192812-594.02
19291-598.84
19292-611.12
19293-609.28
19294-620.22
19295-633.88
19296-692.20
19297-733.43
19298-764.56
19299-685.62
192910-506.05
192911-528.18
192912-537.83
19301-573.52
19302-597.17
19303-637.10
19304-601.10
19305-542.37
19306-532.83
19307-528.05
19308-529.87
19309-459.02
193010-427.81
193011-401.33
193012-415.61
19311-449.43
19312-460.13
19313-418.35
19314-380.03
19315-369.85
19316-384.12
19317-374.57
19318-320.75
19319-279.86
193110-285.61
193111-233.91
193112-231.93
19321-231.82
19322-234.46
19323-180.01
19324-159.64
19325-139.86
19326-148.51
19327-224.77
19328-248.07
19329-215.29
193210-214.56
193211-208.90
193212-218.45
19331-193.84
19332-194.48
19333-216.35
19334-279.78
19335-328.97
19336-356.80
19337-340.24
19338-338.60
19339-306.85
193310-315.44
193311-322.76
193312-342.40
19341-368.94
19342-351.23
19343-358.33
19344-323.12
19345-328.62
19346-314.30
19347-303.26
19348-297.17
19349-300.76
193410-310.41
193411-313.70
193412-314.97
19351-306.72
19352-288.53
19353-311.44
19354-337.18
19355-351.25
19356-370.92
19357-397.27
19358-406.94
19359-419.09
193510-459.79
193511-461.14
193512-487.98
19361-517.42
19362-529.90
19363-532.09
19364-505.38
19365-528.50
19366-561.45
19367-574.35
19368-582.64
19369-614.98
193610-634.06
193611-625.18
193612-646.80
19371-668.16
19372-669.69
19373-632.03
19374-606.20
19375-585.96
19376-623.43
19377-632.39
19378-545.35
19379-468.47
193710-429.75
193711-425.37
193712-439.14
19381-431.22
19382-405.27
19383-391.31
19384-397.40
19385-409.06
19386-492.86
19387-498.07
19388-477.73
19389-533.23
193810-535.71
193811-522.05
193812-515.98
19391-513.62
19392-514.99
19393-451.95
19394-470.46
19395-480.68
19396-494.31
19397-489.04
19398-543.10
19399-550.62
193910-542.86
193911-532.15
193912-531.36
19401-530.15
19402-529.38
19403-536.89
19404-465.27
19405-427.61
19406-444.15
19407-455.92
19408-477.61
19409-484.61
194010-498.43
194011-480.53
194012-483.99
19411-456.29
19412-461.66
19413-449.91
19414-442.76
19415-460.94
19416-487.27
19417-487.64
19418-491.85
19419-474.96
194110-455.56
194111-428.77
194112-439.98
19421-429.08
19422-408.64
19423-394.53
19424-401.91
19425-425.01
19426-443.64
19427-443.84
19428-451.21
19429-487.17
194210-497.67
194211-502.92
194212-535.63
19431-570.09
19432-592.98
19433-615.43
19434-642.29
19435-656.29
19436-672.51
19437-641.99
19438-658.38
19439-655.08
194310-627.53
194311-638.63
194312-662.05
19441-660.43
19442-681.83
19443-672.91
19444-687.73
19445-723.10
19446-744.93
19447-737.07
19448-728.04
19449-749.03
194410-746.90
194411-766.32
194412-792.26
19451-821.83
19452-824.42
19453-848.34
19454-883.64
19455-902.97
19456-887.66
19457-893.93
19458-958.11
19459-1,001.36
194510-1,037.47
194511-1,058.47
194512-1,103.98
19461-1,110.44
19462-1,080.71
19463-1,153.87
19464-1,159.84
19465-1,155.91
19466-1,126.47
19467-1,108.18
19468-948.35
19469-930.60
194610-930.47
194611-962.06
194612-970.91
19471-1,012.36
19472-975.18
19473-943.02
19474-930.17
19475-966.64
19476-1,031.34
19477-1,015.27
19478-993.27
19479-1,023.33
194710-1,015.86
194711-1,004.46
194712-995.77
19481-951.47
19482-969.73
19483-1,049.13
19484-1,105.05
19485-1,155.74
19486-1,133.12
19487-1,104.92
19488-1,097.43
19489-1,132.43
194810-1,074.66
194811-1,072.96
194812-1,090.45
19491-1,054.16
19492-1,069.88
19493-1,074.31
19494-1,072.34
19495-1,019.66
19496-1,083.53
19497-1,128.71
19498-1,149.84
19499-1,185.96
194910-1,209.06
194911-1,248.25
194912-1,281.08
19501-1,313.40
19502-1,331.46
19503-1,376.54
19504-1,430.43
19505-1,461.39
19506-1,363.13
19507-1,453.61
19508-1,513.34
19509-1,584.79
195010-1,590.75
195011-1,593.84
195012-1,721.55
19511-1,795.73
19512-1,775.75
19513-1,809.96
19514-1,821.34
19515-1,800.48
19516-1,843.09
19517-1,934.61
19518-1,995.27
19519-1,995.84
195110-1,950.87
195111-2,021.35
195112-2,098.85
19521-2,070.89
19522-2,086.42
19523-2,090.65
19524-2,100.27
19525-2,168.42
19526-2,241.42
19527-2,261.16
19528-2,236.09
19529-2,200.07
195210-2,280.76
195211-2,383.60
195212-2,407.17
19531-2,388.55
19532-2,411.41
19533-2,303.55
19534-2,326.65
19535-2,254.34
19536-2,297.48
19537-2,318.14
19538-2,222.93
19539-2,301.11
195310-2,363.43
195311-2,406.84
195312-2,479.62
19541-2,545.98
19542-2,611.73
19543-2,727.96
19544-2,848.61
19545-2,883.45
19546-3,011.97
19547-3,084.09
19548-3,168.58
19549-3,254.47
195410-3,394.49
195411-3,562.63
195412-3,639.88
19551-3,774.73
19552-3,758.26
19553-3,901.38
19554-3,898.31
19555-4,137.86
19556-4,454.17
19557-4,440.84
19558-4,654.73
19559-4,434.80
195510-4,748.17
195511-4,806.91
195512-4,692.13
19561-4,736.68
19562-5,078.01
19563-5,153.30
19564-5,007.03
19565-4,993.91
19566-5,281.00
19567-5,265.96
19568-5,103.31
19569-5,054.64
195610-5,018.63
195611-5,109.41
195612-5,014.25
19571-4,813.89
19572-4,891.90
19573-5,021.24
19574-5,230.13
19575-5,332.34
19576-5,456.16
19577-5,172.17
19578-4,978.75
19579-4,685.18
195710-4,600.82
195711-4,615.46
195712-4,722.94
19581-4,756.08
19582-4,871.13
19583-4,914.80
19584-5,089.66
19585-5,228.87
19586-5,389.44
19587-5,607.94
19588-5,773.03
19589-6,024.67
195810-6,225.07
195811-6,359.68
195812-6,630.27
19591-6,546.39
19592-6,730.09
19593-6,860.42
19594-6,981.53
19595-6,939.21
19596-7,232.57
19597-7,209.53
19598-6,942.54
19599-6,954.81
195910-7,001.35
195911-7,243.81
195912-7,136.19
19601-6,878.63
19602-6,804.46
19603-6,912.27
19604-6,869.10
19605-7,143.04
19606-6,986.17
19607-7,090.33
19608-6,897.42
19609-6,781.95
196010-7,022.09
196011-7,211.03
196012-7,602.37
19611-7,934.91
19612-8,204.46
19613-8,443.95
19614-8,550.63
19615-8,458.26
19616-8,455.90
19617-8,780.52
19618-8,732.95
19619-8,850.24
196110-9,272.58
196111-9,380.42
196112-9,053.31
19621-9,226.19
19622-9,257.65
19623-8,985.02
19624-8,339.43
19625-7,387.68
19626-7,588.43
19627-7,817.83
19628-7,771.44
19629-7,549.46
196210-8,093.09
196211-8,467.29
196212-8,818.41
19631-8,959.11
19632-8,949.41
19633-9,394.92
19634-9,608.15
19635-9,628.96
19636-9,511.31
19637-9,799.61
19638-10,083.17
19639-10,133.58
196310-10,102.51
196311-10,344.30
196312-10,688.78
19641-10,846.97
19642-11,071.61
19643-11,259.07
19644-11,396.47
19645-11,356.50
19646-11,806.34
19647-11,661.63
19648-11,890.84
19649-12,125.11
196410-12,238.71
196411-12,056.32
196412-12,396.40
19651-12,517.27
19652-12,559.28
19653-12,754.91
19654-12,975.90
19655-12,391.03
19656-12,403.78
19657-12,666.56
19658-13,122.07
19659-13,449.70
196510-13,594.42
196511-13,565.65
196512-13,834.31
19661-13,774.76
19662-13,242.74
19663-13,682.52
19664-12,997.36
19665-12,924.64
19666-12,927.01
19667-12,181.20
19668-11,788.37
19669-11,721.84
196610-12,344.98
196611-12,433.34
196612-12,946.87
19671-13,429.80
19672-13,783.50
19673-14,058.13
19674-14,347.40
19675-14,205.10
19676-14,488.13
19677-14,756.40
19678-15,000.46
19679-15,015.07
196710-14,582.37
196711-15,036.14
196712-15,033.51
19681-14,393.54
19682-14,169.11
19683-15,254.71
19684-15,644.87
19685-16,104.94
19686-16,112.82
19687-15,801.21
19688-16,355.47
19689-16,799.88
196810-17,099.88
196811-17,319.67
196812-16,629.45
19691-16,589.78
19692-16,272.29
19693-16,642.36
19694-17,227.09
19695-16,370.68
19696-15,682.24
19697-15,637.76
19698-15,736.05
19699-15,947.92
196910-16,106.99
196911-15,297.22
196912-15,207.11
19701-14,721.08
19702-15,017.30
19703-14,604.67
19704-12,969.09
19705-12,934.09
19706-13,001.68
19707-13,424.99
19708-14,273.62
19709-14,628.96
197010-14,659.21
197011-15,708.57
197012-16,354.30
19711-17,033.17
19712-17,515.53
19713-18,159.02
19714-17,957.84
19715-17,671.26
19716-17,589.45
19717-17,322.60
19718-17,753.31
19719-17,422.44
197110-16,660.82
197111-17,854.33
197112-18,643.95
19721-19,033.04
19722-19,531.63
19723-19,777.51
19724-19,624.06
19725-19,725.34
19726-19,625.95
19727-20,368.54
19728-20,121.98
19729-20,205.98
197210-21,267.64
197211-21,759.25
197212-21,974.53
19731-21,243.85
19732-20,958.04
19733-20,615.73
19734-20,085.96
19735-19,686.29
19736-19,924.54
19737-19,598.69
19738-19,989.74
19739-20,836.37
197310-19,408.48
197311-18,087.68
197312-18,395.25
19741-17,940.36
19742-18,761.07
19743-17,857.41
19744-17,374.25
19745-17,453.69
19746-15,473.25
19747-14,890.72
19748-13,399.62
19749-13,718.12
197410-14,231.65
197411-13,364.68
197412-14,518.43
19751-16,087.51
19752-16,887.64
19753-17,138.77
19754-18,289.23
19755-18,818.64
19756-18,899.93
19757-17,577.65
19758-17,427.76
19759-18,294.14
197510-18,667.66
197511-18,447.44
197512-20,208.31
19761-21,052.64
19762-21,221.56
19763-21,454.04
19764-21,371.81
19765-21,564.28
19766-22,139.04
19767-22,014.93
19768-22,551.63
19769-21,850.67
197610-21,770.56
197611-22,594.90
197612-22,473.51
19771-21,941.20
19772-21,929.31
19773-21,667.55
19774-21,681.53
19775-21,876.61
19776-22,157.16
19777-21,696.60
19778-21,441.59
19779-20,970.34
197710-21,176.09
197711-21,159.12
197712-20,441.75
19781-20,243.05
19782-20,296.83
19783-21,277.17
19784-22,448.33
19785-22,599.53
19786-22,585.46
19787-24,240.55
19788-24,337.44
19789-23,662.44
197810-22,375.76
197811-22,806.01
197812-23,760.51
19791-23,509.37
19792-24,059.76
19793-24,644.63
19794-24,178.10
19795-24,762.64
19796-25,114.48
19797-26,373.80
19798-26,780.08
19799-25,882.27
197910-25,798.82
197911-26,935.00
197912-27,827.21
19801-29,050.45
19802-26,500.46
19803-26,192.51
19804-27,511.60
19805-29,399.63
19806-30,860.63
19807-31,942.20
19808-32,848.02
19809-33,940.14
198010-35,506.38
198011-35,064.40
198012-35,067.90
19811-33,991.26
19812-35,399.62
19813-35,857.61
19814-35,277.70
19815-35,580.24
19816-34,862.85
19817-35,142.65
19818-32,224.87
19819-32,781.47
198110-33,779.25
198111-34,177.63
198112-32,535.70
19821-31,913.00
19822-31,037.13
19823-32,734.65
19824-32,921.12
19825-31,185.97
19826-31,262.02
19827-31,510.23
19828-35,321.83
19829-38,458.90
198210-40,189.52
198211-40,734.29
198212-42,333.42
19831-43,235.12
19832-44,906.43
19833-46,791.33
19834-48,861.38
19835-49,718.17
19836-50,070.24
19837-48,864.95
19838-50,484.26
19839-50,811.36
198310-50,231.38
198311-50,167.02
198312-50,957.62
19841-48,352.58
19842-48,566.47
19843-48,812.80
19844-48,689.51
19845-47,789.58
19846-47,355.44
19847-51,715.24
19848-52,442.86
19849-52,226.59
198410-52,898.17
198411-52,523.88
198412-54,991.23
19851-58,173.77
19852-57,895.51
19853-58,488.78
19854-60,088.82
19855-61,597.63
19856-62,981.86
19857-61,819.65
19858-60,654.35
19859-61,561.48
198510-65,514.04
198511-68,982.69
198512-69,501.26
19861-73,460.91
19862-78,002.83
19863-80,141.22
19864-80,535.38
19865-83,058.75
19866-81,560.44
19867-83,420.72
19868-81,371.71
19869-81,298.58
198610-84,170.81
198611-85,609.24
198612-91,322.26
19871-97,223.40
19872-101,478.29
19873-100,609.22
19874-100,783.10
19875-105,316.77
19876-108,604.87
19877-115,614.24
19878-112,110.63
19879-98,821.17
198710-86,662.79
198711-85,506.11
198712-89,137.16
19881-92,104.15
19882-95,081.01
19883-94,238.57
19884-92,176.38
19885-97,705.30
19886-97,405.42
19887-95,731.52
19888-97,576.43
19889-101,285.91
198810-99,239.69
198811-101,547.96
198812-105,114.99
19891-108,583.63
19892-108,408.09
19893-112,272.62
19894-116,892.98
19895-120,858.72
19896-124,242.97
19897-130,070.90
19898-130,663.43
19899-131,037.46
198910-128,661.03
198911-132,182.10
198912-129,259.26
19901-125,992.64
19902-129,403.47
19903-129,657.08
19904-134,650.08
19905-138,918.43
19906-139,154.21
19907-128,214.98
19908-122,649.09
19909-119,808.82
199010-123,383.69
199011-129,042.81
199012-128,158.65
19911-143,033.74
19912-147,388.57
19913-150,717.83
19914-150,448.22
19915-150,970.30
19916-152,148.60
19917-156,224.56
19918-155,751.04
19919-156,033.95
199110-156,058.60
199111-157,517.97
199112-169,108.18
19921-168,092.10
19922-166,390.37
19923-166,830.15
19924-170,280.78
19925-168,017.54
19926-171,230.26
19927-172,842.77
19928-173,496.44
19929-171,445.61
199210-176,172.20
199211-181,935.15
199212-182,195.12
19931-185,336.61
19932-189,321.63
19933-186,781.42
19934-188,135.07
19935-189,762.78
19936-189,878.55
19937-193,225.09
19938-195,843.24
19939-198,275.43
199310-198,290.39
199311-200,049.58
199312-203,522.20
19941-203,368.13
19942-200,472.54
19943-193,763.97
19944-195,814.46
19945-197,984.27
19946-196,956.98
19947-203,027.34
19948-204,687.02
19949-203,778.20
199410-203,024.45
199411-200,942.02
199412-205,867.46
19951-213,729.73
19952-219,197.30
19953-226,245.71
19954-233,819.87
19955-241,251.65
19956-249,810.01
19957-251,091.84
19958-260,426.59
19959-262,803.16
199510-269,001.07
199511-278,117.89
199512-278,570.05
19961-295,017.93
19962-294,425.83
19963-295,005.98
19964-301,952.85
19965-305,813.60
19966-295,181.79
19967-304,260.86
19968-310,418.26
19969-323,205.94
199610-339,534.57
199611-343,602.96
199612-354,795.97
19971-370,269.20
19972-367,959.89
19973-355,429.94
19974-388,192.88
19975-408,910.05
19976-432,364.82
19977-433,868.54
19978-439,040.29
19979-446,264.15
199710-441,123.00
199711-452,744.89
199712-453,818.30
19981-482,872.47
19982-508,526.86
19983-525,845.64
19984-524,679.01
19985-525,290.04
19986-548,758.24
19987-510,504.27
19988-485,497.47
19989-491,764.54
199810-545,732.68
199811-568,130.12
199812-596,807.55
19991-596,409.42
19992-613,845.51
19993-639,934.07
19994-639,301.62
19995-635,390.58
19996-664,125.40
19997-639,058.75
19998-635,237.07
19999-627,153.86
199910-671,719.10
199911-690,585.88
199912-689,764.55
20001-672,671.65
20002-699,181.33
20003-709,142.32
20004-689,011.23
20005-710,807.97
20006-716,852.27
20007-723,588.61
20008-715,776.38
20009-678,454.15
200010-673,212.66
200011-650,861.50
200012-653,822.97
20011-639,855.63
20012-581,757.36
20013-584,367.67
20014-624,568.26
20015-609,649.50
20016-593,431.44
20017-581,290.79
20018-515,911.12
20019-532,337.90
200110-559,237.71
200111-567,436.41
200112-565,747.21
20021-546,779.01
20022-573,818.72
20023-553,652.25
20024-538,037.20
20025-506,180.24
20026-451,722.84
20027-456,867.02
20028-435,130.52
20029-429,182.10
200210-457,617.89
200211-452,881.26
200212-451,873.52
20031-422,886.58
20032-428,417.50
20033-451,063.05
20034-475,024.47
20035-502,120.75
20036-505,112.89
20037-504,272.76
20038-520,213.74
20039-530,762.78
200310-537,188.12
200311-553,646.55
200312-580,968.79
20041-587,281.96
20042-578,089.84
20043-583,686.54
20044-568,719.34
20045-584,971.50
20046-571,875.28
20047-563,940.11
20048-579,632.44
20049-580,227.12
200410-607,926.56
200411-624,507.44
200412-616,081.45
20051-626,439.05
20052-624,837.95
20053-609,786.11
20054-617,932.06
20055-631,407.29
20056-642,821.82
20057-644,814.68
20058-646,618.17
20059-629,649.48
200510-654,593.32
200511-668,628.65
200512-678,435.90
20061-678,323.01
20062-688,403.82
20063-693,899.57
20064-688,441.11
20065-669,813.32
20066-674,636.24
20067-690,097.28
20068-707,564.84
20069-733,149.77
200610-747,824.81
200611-763,890.07
200612-769,182.50
20071-781,459.03
20072-762,126.58
20073-793,985.45
20074-820,915.48
20075-823,746.83
20076-828,480.24
20077-793,674.89
20078-818,078.36
20079-842,552.26
200710-802,056.59
200711-811,987.82
200712-758,110.82
20081-746,254.23
20082-726,652.85
20083-757,490.56
20084-776,902.05
20085-743,910.26
20086-698,691.89
20087-713,438.03
20088-678,853.86
20089-541,768.93
200810-495,147.83
200811-493,408.78
200812-488,003.21
20091-455,294.76
20092-429,400.16
20093-482,309.78
20094-514,430.75
20095-529,189.05
20096-535,950.20
20097-579,473.34
20098-600,626.11
20099-615,059.81
200910-627,941.16
200911-641,918.24
200912-650,628.86
20101-631,770.56
20102-669,316.91
20103-696,678.11
20104-655,696.74
20105-632,461.71
20106-631,455.63
20107-636,908.96
20108-658,380.14
20109-688,517.08
201010-705,667.45
201011-731,874.07
201012-757,212.97
20111-781,071.72
20112-772,382.60
20113-789,537.09
20114-794,741.99
20115-765,633.77
20116-789,381.70
20117-707,280.90
20118-701,698.72
20119-722,882.35
201110-735,656.56
201111-747,094.19
201112-782,824.40
20121-815,410.32
20122-838,925.43
20123-838,604.87
20124-812,683.99
20125-803,318.53
20126-826,784.17
20127-854,793.14
20128-880,617.86
20129-878,705.73
201210-853,772.51
201211-872,346.63
201212-909,585.03
20131-930,805.85
20132-956,146.61
20133-970,046.98
20134-1,014,419.55
20135-1,003,080.62
20136-1,035,725.65
20137-1,038,341.15
20138-1,050,723.03
20139-1,072,972.61
201310-1,114,389.29
201311-1,131,346.53
201312-1,142,295.79
20141-1,140,810.39
20142-1,171,866.32
20143-1,174,230.26
20144-1,192,219.87
20145-1,230,327.01
20146-1,248,730.51
20147-1,243,399.05
20148-1,265,507.10
20149-1,232,014.40
201410-1,302,308.86
201411-1,310,564.03
201412-1,296,016.17
20151-1,332,659.71
20152-1,333,397.52
20153-1,345,110.21
20154-1,358,277.54
20155-1,352,362.25
20156-1,351,285.36
20157-1,318,524.83
20158-1,259,097.66
20159-1,313,454.40
201510-1,351,971.06
201511-1,337,059.23
201512-1,251,225.08
20161-1,244,344.48
20162-1,323,518.73
20163-1,360,990.99
20164-1,356,848.61
20165-1,371,319.26
20166-1,416,537.68
20167-1,433,525.61
20168-1,427,237.14
20169-1,420,015.59
201610-1,437,072.26
201611-1,493,778.61
201612-1,515,253.69
20171-1,554,293.38
20172-1,581,481.96
20173-1,579,046.41
20174-1,605,769.77
20175-1,634,295.12
20176-1,650,440.06
20177-1,654,529.94
20178-1,681,883.67
20179-1,727,879.81
201710-1,755,345.65
201711-1,805,960.80
201712-1,893,764.78
20181-1,839,097.73
20182-1,840,285.38
20183-1,809,663.55
20184-1,845,162.29
20185-1,884,150.01
20186-1,913,933.56
20187-1,960,840.34
20188-1,993,777.51
20189-1,917,037.29
201810-1,877,237.52
201811-1,772,815.96
201812-1,803,585.60
20191-1,908,714.84
20192-1,945,897.03
20193-2,018,347.05
20194-1,987,430.24
20195-2,015,348.65
20196-2,092,482.97
20197-2,026,895.89
20198-2,089,430.24
20199-2,089,635.06
201910-2,182,283.05
201911-2,236,170.60
201912-2,311,001.75
20201-2,313,822.95
20202-1,876,100.66
20203-1,957,122.21
20204-2,072,345.15
20205-2,207,219.00
20206-2,283,951.53
20207-2,418,556.33
20208-2,403,391.92
20209-2,444,874.49
202010-2,541,547.68
202011-2,649,819.66
202012-2,723,890.06
20211-2,791,756.56
20212-2,814,686.87
20213-2,984,172.84
20214-3,006,859.47
20215-3,061,296.34
20216-3,155,223.08
20217-3,224,169.81
20218-3,221,445.42
20219-3,236,012.03
202110-3,389,552.51
202111-3,398,548.51
202112-3,328,811.90
20221-3,232,190.80
20222-3,203,340.80
20223-3,207,130.41
20224-2,954,641.68
20225-2,855,088.43
20226-2,868,355.61
20227-3,053,289.79
20228-2,831,089.56
20229-2,743,575.62
202210-2,888,576.18
202211-2,888,889.22
202212-2,928,653.52
20231-3,020,817.42
20232-2,942,716.39
20233-3,060,313.84
20234-3,082,889.63
20235-3,235,251.80
20236-3,360,651.51
20237-3,322,843.47
20238-3,366,387.56
Click to show 1266 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.

in2013dollars.com is a reference website maintained by the Official Data Foundation.


Ian Webster

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.

Email · LinkedIn · Twitter


S&P 500 from 1917 to 2023
Start Value
Average monthly close
$9.57
End Value
Average monthly close
$3,960.66
Change in price+41,286.17%
+5.85% / yr
Change incl. dividends+3,034,919.37%
+10.16% / yr
Change incl. dividends, inflation-adjusted+127,395.80%
+6.93% / yr
Final amount, nominal
($100 base)
$3,035,019.37
Final amount, inflation-adjusted
($100 base)
$127,495.80