S&P 500: $100 in 1918 → $3,729,688.44 in 2023

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Stock market returns between 1918 and 2023

If you invested $100 in the S&P 500 at the beginning of 1918, you would have about $3,729,688.44 at the end of 2023, assuming you reinvested all dividends. This is a return on investment of 3,729,588.44%, or 10.48% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 184,730.64% cumulatively, or 7.38% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $3,074,584.35.

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 $3,729,588.44, or 3,729,588.44%. This means by 2023 you would have $3,729,688.44 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 1918 was 15.100 and the CPI in 2023 was 304.702.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 105 years.

Adjusted for inflation, the $3,729,688.44 nominal end value of the original $100 investment would have a real return of roughly $184,730.64 in 1918 dollars. This means the inflation-adjusted return is 184,730.64% as opposed to the original 3,729,588.44%.

For more information on inflation, see our U.S. inflation calculator for 1918.

Full monthly data

The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 1268-month period between 1918 and 2023.

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

YearMonthReturn (%)Amount ($)CPI
191813.84%103.8414.00
19182-1.27%102.5214.10
19183-0.21%102.3114.00
191843.94%106.3414.20
191850.85%107.2514.50
191861.51%108.8714.70
191871.62%110.6315.10
191880.14%110.7915.40
191894.91%116.2315.70
1918103.17%119.9116.00
191811-1.39%118.2516.30
191812-0.03%118.2116.50
191910.98%119.3716.50
191923.64%123.7216.20
191933.90%128.5516.40
191947.47%138.1416.70
191953.19%142.5516.90
191963.75%147.9016.90
19197-6.25%138.6617.40
191982.09%141.5517.70
191995.60%149.4917.80
191910-2.48%145.7718.10
191911-2.45%142.2018.50
191912-0.51%141.4618.90
19201-7.77%130.4719.30
192027.58%140.3619.50
19203-0.30%139.9419.70
19204-5.77%131.8620.30
19205-1.20%130.2820.60
192060.42%130.8320.90
19207-3.37%126.4220.80
192084.12%131.6220.30
192090.67%132.5120.00
192010-4.53%126.5019.90
192011-8.39%115.8919.80
1920125.03%121.7219.40
19211-0.11%121.5919.00
19212-1.96%119.2118.40
192131.04%120.4518.30
192143.63%124.8218.10
19215-7.43%115.5417.70
192160.31%115.9017.60
19217-0.61%115.2017.70
192183.10%118.7617.70
192191.96%121.0917.50
1921105.96%128.3017.50
1921114.09%133.5417.40
1921120.39%134.0617.30
192212.72%137.7116.90
192224.28%143.6016.90
192236.58%153.0516.70
192244.38%159.7616.70
19225-0.47%159.0116.70
192261.19%160.9016.70
192274.24%167.7216.80
192283.07%172.8716.60
192292.67%177.4816.60
192210-4.52%169.4616.70
1922110.25%169.8916.80
1922121.85%173.0316.90
192314.75%181.2516.80
192322.08%185.0116.80
19233-3.04%179.3816.80
19234-4.25%171.7516.90
19235-3.31%166.0716.90
19236-2.84%161.3617.00
192371.04%163.0317.20
192381.16%164.9117.10
19239-0.94%163.3717.20
1923103.54%169.1517.30
1923113.92%175.7717.30
1923123.79%182.4417.30
192410.95%184.1817.30
19242-1.42%181.5717.20
19243-1.79%178.3317.10
192440.17%178.6417.00
192452.42%182.9617.00
192465.16%192.3917.00
192473.93%199.9617.10
19248-0.48%199.0017.00
19249-0.81%197.4017.10
1924106.08%209.4117.20
1924115.87%221.7017.20
1924124.58%231.8617.30
192511.29%234.8517.30
19252-2.19%229.7117.20
19253-0.61%228.3117.30
192543.67%236.6917.20
192552.24%241.9917.30
192563.22%249.7917.50
192571.79%254.2517.70
192582.74%261.2217.70
192593.73%270.9617.70
1925103.53%280.5117.70
1925112.04%286.2318.00
1925121.93%291.7417.90
192610.56%293.3717.90
19262-6.38%274.6417.90
19263-2.35%268.1717.80
192641.15%271.2717.90
192655.22%285.4217.80
192664.66%298.7117.70
192674.39%311.8317.50
192681.94%317.8917.40
19269-1.83%312.0617.50
1926101.74%317.4817.60
1926112.71%326.0717.70
192612-0.24%325.2917.70
192712.37%333.0117.50
192721.97%339.5617.40
192732.88%349.3317.30
192743.87%362.8417.30
192751.70%369.0217.40
192762.62%378.7117.60
192775.73%400.3917.30
192786.06%424.6617.20
19279-1.17%419.7117.30
1927102.66%430.8617.40
1927112.72%442.5717.30
1927120.77%445.9717.30
19281-0.83%442.2817.30
192825.75%467.6917.10
192836.66%498.8517.10
192843.44%515.9817.10
19285-4.57%492.4317.20
192861.09%497.8017.10
192873.59%515.6817.10
192887.37%553.7017.10
192892.36%566.7617.30
1928107.08%606.9017.20
1928110.70%611.1217.20
1928127.69%658.1317.10
192910.81%663.4717.10
192922.05%677.0717.10
19293-0.30%675.0317.00
192941.80%687.1616.90
192952.20%702.2917.00
192969.20%766.9017.10
192975.96%812.5917.30
192984.24%847.0717.30
19299-10.32%759.6217.30
192910-26.19%560.6717.30
1929114.37%585.1817.30
1929121.83%595.8717.20
193016.64%635.4217.10
193024.12%661.6117.00
193036.69%705.8616.90
19304-5.65%665.9717.00
19305-9.77%600.9116.90
19306-1.76%590.3316.80
19307-0.90%585.0416.60
193080.34%587.0516.50
19309-13.37%508.5516.60
193010-6.80%473.9716.50
193011-6.19%444.6516.40
1930123.56%460.4616.10
193118.14%497.9415.90
193122.38%509.7915.70
19313-9.08%463.5015.60
19314-9.16%421.0515.50
19315-2.68%409.7715.30
193163.86%425.5715.10
19317-2.49%415.0015.10
19318-14.37%355.3715.10
19319-12.75%310.0615.00
1931102.05%316.4314.90
193111-18.10%259.1614.70
193112-0.85%256.9514.60
19321-0.05%256.8314.30
193221.14%259.7614.10
19323-23.22%199.4414.00
19324-11.31%176.8713.90
19325-12.39%154.9513.70
193266.18%164.5413.60
1932751.35%249.0313.60
1932810.37%274.8413.50
19329-13.22%238.5213.40
193210-0.34%237.7213.30
193211-2.64%231.4413.20
1932124.57%242.0213.10
19331-11.27%214.7612.90
193320.33%215.4712.70
1933311.24%239.7012.60
1933429.32%309.9712.60
1933517.58%364.4712.60
193368.46%395.3112.70
19337-4.64%376.9613.10
19338-0.48%375.1413.20
19339-9.38%339.9613.20
1933102.80%349.4813.20
1933112.32%357.6013.20
1933126.08%379.3613.20
193417.75%408.7513.20
19342-4.80%389.1413.30
193432.02%397.0013.30
19344-9.83%357.9913.30
193451.70%364.0813.30
19346-4.36%348.2213.40
19347-3.51%335.9813.40
19348-2.01%329.2413.40
193491.21%333.2113.60
1934103.21%343.9113.50
1934111.06%347.5613.50
1934120.40%348.9613.40
19351-2.62%339.8213.60
19352-5.93%319.6713.70
193537.94%345.0513.70
193548.27%373.5713.80
193554.17%389.1613.80
193565.60%410.9513.70
193577.10%440.1513.70
193582.43%450.8613.70
193592.99%464.3213.70
1935109.71%509.4113.70
1935110.29%510.9013.80
1935125.82%540.6513.80
193616.03%573.2613.80
193622.41%587.0813.80
193630.41%589.5213.70
19364-5.02%559.9313.70
193654.57%585.5413.70
193666.23%622.0413.80
193672.30%636.3313.90
193681.44%645.5214.00
193695.55%681.3514.00
1936103.10%702.4814.00
193611-1.40%692.6514.00
1936123.46%716.6014.00
193713.30%740.2614.10
193720.23%741.9714.10
19373-5.62%700.2314.20
19374-4.09%671.6214.30
19375-3.34%649.2014.40
193766.39%690.7114.40
193771.44%700.6314.50
19378-13.76%604.2114.50
19379-14.10%519.0314.60
193710-8.27%476.1314.60
193711-1.02%471.2814.50
1937123.24%486.5314.40
19381-1.80%477.7614.20
19382-6.02%449.0014.10
19383-3.44%433.5414.10
193841.56%440.2914.20
193852.93%453.2114.10
1938620.49%546.0514.10
193871.06%551.8314.10
19388-4.08%529.2914.10
1938911.62%590.7814.10
1938100.47%593.5314.00
193811-2.55%578.3914.00
193812-1.16%571.6714.00
19391-0.46%569.0514.00
193920.27%570.5713.90
19393-12.24%500.7213.90
193944.10%521.2313.80
193952.17%532.5513.80
193962.84%547.6613.80
19397-1.07%541.8113.80
1939811.06%601.7113.80
193991.38%610.0414.10
193910-1.41%601.4514.00
193911-1.97%589.5814.00
193912-0.15%588.7114.00
19401-0.23%587.3613.90
19402-0.15%586.5114.00
194031.42%594.8314.00
19404-13.34%515.4814.00
19405-8.09%473.7514.00
194063.87%492.0814.10
194072.65%505.1214.00
194084.76%529.1614.00
194091.47%536.9114.00
1940102.85%552.2214.00
194011-3.59%532.3914.00
1940120.72%536.2314.10
19411-5.72%505.5314.10
194121.18%511.4814.10
19413-2.55%498.4614.20
19414-1.59%490.5514.30
194154.11%510.6914.40
194165.71%539.8614.70
194170.08%540.2714.70
194180.86%544.9314.90
19419-3.43%526.2115.10
194110-4.08%504.7315.30
194111-5.88%475.0415.40
1941122.62%487.4715.50
19421-2.48%475.3815.70
19422-4.76%452.7415.80
19423-3.45%437.1116.00
194241.87%445.2816.10
194255.75%470.8816.30
194264.38%491.5116.30
194270.05%491.7316.40
194281.66%499.9116.50
194297.97%539.7416.50
1942102.15%551.3716.70
1942111.06%557.2016.80
1942126.50%593.4416.90
194316.43%631.6216.90
194324.01%656.9716.90
194333.79%681.8517.20
194344.36%711.6017.40
194352.18%727.1117.50
194362.47%745.0917.50
19437-4.54%711.2717.40
194382.55%729.4317.30
19439-0.50%725.7817.40
194310-4.21%695.2517.40
1943111.77%707.5617.40
1943123.67%733.4917.40
19441-0.24%731.7117.40
194423.24%755.4217.40
19443-1.31%745.5317.40
194442.20%761.9617.50
194455.14%801.1417.50
194463.02%825.3217.60
19447-1.06%816.6117.70
19448-1.23%806.6117.70
194492.88%829.8717.70
194410-0.28%827.5117.70
1944112.60%849.0317.70
1944123.38%877.7617.80
194513.73%910.5317.80
194520.31%913.3917.80
194532.90%939.8917.80
194544.16%979.0017.80
194552.19%1,000.4217.90
19456-1.70%983.4618.10
194570.71%990.4118.10
194587.18%1,061.5118.10
194594.51%1,109.4318.10
1945103.61%1,149.4318.10
1945112.02%1,172.7118.10
1945124.30%1,223.1218.20
194610.59%1,230.2818.20
19462-2.68%1,197.3418.10
194636.77%1,278.3918.30
194640.52%1,285.0118.40
19465-0.34%1,280.6618.50
19466-2.55%1,248.0418.70
19467-1.62%1,227.7719.80
19468-14.42%1,050.7020.20
19469-1.87%1,031.0320.40
194610-0.01%1,030.8920.80
1946113.39%1,065.8821.30
1946120.92%1,075.6921.50
194714.27%1,121.6221.50
19472-3.67%1,080.4221.50
19473-3.30%1,044.7921.90
19474-1.36%1,030.5621.90
194753.92%1,070.9621.90
194766.69%1,142.6522.00
19477-1.56%1,124.8422.20
19478-2.17%1,100.4622.50
194793.03%1,133.7723.00
194710-0.73%1,125.4923.00
194711-1.12%1,112.8623.10
194712-0.86%1,103.2423.40
19481-4.45%1,054.1623.70
194821.92%1,074.3923.50
194838.19%1,162.3523.40
194845.33%1,224.3123.80
194854.59%1,280.4723.90
19486-1.96%1,255.4124.10
19487-2.49%1,224.1724.40
19488-0.68%1,215.8724.50
194893.19%1,254.6424.50
194810-5.10%1,190.6424.40
194811-0.16%1,188.7624.20
1948121.63%1,208.1324.10
19491-3.33%1,167.9324.00
194921.49%1,185.3423.80
194930.41%1,190.2523.80
19494-0.18%1,188.0723.90
19495-4.91%1,129.7023.80
194966.26%1,200.4623.90
194974.17%1,250.5323.70
194981.87%1,273.9323.80
194993.14%1,313.9523.90
1949101.95%1,339.5423.70
1949113.24%1,382.9623.80
1949122.63%1,419.3323.60
195012.52%1,455.1423.50
195021.38%1,475.1523.50
195033.39%1,525.1023.60
195043.91%1,584.8023.60
195052.16%1,619.1023.70
19506-6.72%1,510.2423.80
195076.64%1,610.4924.10
195084.11%1,676.6624.30
195094.72%1,755.8224.40
1950100.38%1,762.4224.60
1950110.19%1,765.8524.70
1950128.01%1,907.3425.00
195114.31%1,989.5325.40
19512-1.11%1,967.3925.70
195131.93%2,005.2925.80
195140.63%2,017.9025.80
19515-1.15%1,994.7925.90
195162.37%2,042.0025.90
195174.97%2,143.3925.90
195183.14%2,210.6025.90
195190.03%2,211.2326.10
195110-2.25%2,161.4026.20
1951113.61%2,239.5026.40
1951123.83%2,325.3626.50
19521-1.33%2,294.3826.50
195220.75%2,311.5826.30
195230.20%2,316.2826.30
195240.46%2,326.9326.40
195253.24%2,402.4326.40
195263.37%2,483.3226.50
195270.88%2,505.1826.70
19528-1.11%2,477.4126.70
19529-1.61%2,437.5026.70
1952103.67%2,526.9026.70
1952114.51%2,640.8326.70
1952120.99%2,666.9526.70
19531-0.77%2,646.3226.60
195320.96%2,671.6526.50
19533-4.47%2,552.1526.60
195341.00%2,577.7426.60
19535-3.11%2,497.6326.70
195361.91%2,545.4326.80
195370.90%2,568.3126.80
19538-4.11%2,462.8326.90
195393.52%2,549.4426.90
1953102.71%2,618.4927.00
1953111.84%2,666.5826.90
1953123.02%2,747.2226.90
195412.68%2,820.7426.90
195422.58%2,893.5826.90
195434.45%3,022.3626.90
195444.42%3,156.0326.80
195451.22%3,194.6326.90
195464.46%3,337.0226.90
195472.39%3,416.9226.90
195482.74%3,510.5426.90
195492.71%3,605.7026.80
1954104.30%3,760.8226.80
1954114.95%3,947.1026.80
1954122.17%4,032.7026.70
195513.70%4,182.1026.70
19552-0.44%4,163.8526.70
195533.81%4,322.4226.70
19554-0.08%4,319.0126.70
195556.15%4,584.4226.70
195567.64%4,934.8626.70
19557-0.30%4,920.0926.80
195584.82%5,157.0626.80
19559-4.72%4,913.4026.90
1955107.07%5,260.5926.90
1955111.24%5,325.6726.90
195512-2.39%5,198.5126.80
195610.95%5,247.8626.80
195627.21%5,626.0326.80
195631.48%5,709.4526.80
19564-2.84%5,547.3926.90
19565-0.26%5,532.8527.00
195665.75%5,850.9327.20
19567-0.28%5,834.2727.40
19568-3.09%5,654.0627.30
19569-0.95%5,600.1427.40
195610-0.71%5,560.2427.50
1956111.81%5,660.8227.50
195612-1.86%5,555.3827.60
19571-4.00%5,333.4027.60
195721.62%5,419.8327.70
195732.64%5,563.1327.80
195744.16%5,794.5727.90
195751.95%5,907.8128.00
195762.32%6,044.9928.10
19577-5.21%5,730.3528.30
19578-3.74%5,516.0628.30
19579-5.90%5,190.8028.30
195710-1.80%5,097.3428.30
1957110.32%5,113.5628.40
1957122.33%5,232.6428.40
195810.70%5,269.3628.60
195822.42%5,396.8228.60
195830.90%5,445.2128.80
195843.56%5,638.9428.90
195852.74%5,793.1728.90
195863.07%5,971.0728.90
195874.05%6,213.1529.00
195882.94%6,396.0528.90
195894.36%6,674.8628.90
1958103.33%6,896.8828.90
1958112.16%7,046.0229.00
1958124.25%7,345.8028.90
19591-1.27%7,252.8829.00
195922.81%7,456.4128.90
195931.94%7,600.7928.90
195941.77%7,734.9829.00
19595-0.61%7,688.0929.00
195964.23%8,013.1129.10
19597-0.32%7,987.5829.20
19598-3.70%7,691.7829.20
195990.18%7,705.3829.30
1959100.67%7,756.9429.40
1959113.46%8,025.5729.40
195912-1.49%7,906.3329.40
19601-3.61%7,620.9729.30
19602-1.08%7,538.8029.40
196031.58%7,658.2429.40
19604-0.62%7,610.4129.50
196053.99%7,913.9229.50
19606-2.20%7,740.1229.60
196071.49%7,855.5129.60
19608-2.72%7,641.7829.60
19609-1.67%7,513.8629.60
1960103.54%7,779.9229.80
1960112.69%7,989.2529.80
1960125.43%8,422.8229.80
196114.37%8,791.2429.80
196123.40%9,089.8929.80
196132.92%9,355.2229.80
196141.26%9,473.4129.80
19615-1.08%9,371.0829.80
19616-0.03%9,368.4629.80
196173.84%9,728.1130.00
19618-0.54%9,675.4229.90
196191.34%9,805.3630.00
1961104.77%10,273.2830.00
1961111.16%10,392.7630.00
196112-3.49%10,030.3530.00
196211.91%10,221.8830.00
196220.34%10,256.7330.10
19623-2.94%9,954.6830.10
19624-7.19%9,239.4330.20
19625-11.41%8,184.9630.20
196262.72%8,407.3730.20
196273.02%8,661.5330.30
19628-0.59%8,610.1330.30
19629-2.86%8,364.2030.40
1962107.20%8,966.5030.40
1962114.62%9,381.0930.40
1962124.15%9,770.0930.40
196311.60%9,925.9830.40
19632-0.11%9,915.2330.40
196334.98%10,408.8330.50
196342.27%10,645.0630.50
196350.22%10,668.1230.50
19636-1.22%10,537.7730.60
196373.03%10,857.1830.70
196382.89%11,171.3530.70
196390.50%11,227.1930.70
196310-0.31%11,192.7730.80
1963112.39%11,460.6630.80
1963123.33%11,842.3230.90
196411.48%12,017.5730.90
196422.07%12,266.4630.90
196431.69%12,474.1530.90
196441.22%12,626.3830.90
19645-0.35%12,582.1030.90
196463.96%13,080.4831.00
19647-1.23%12,920.1631.10
196481.97%13,174.1031.00
196491.97%13,433.6531.10
1964100.94%13,559.5231.10
196411-1.49%13,357.4431.20
1964122.82%13,734.2231.20
196510.98%13,868.1431.20
196520.34%13,914.6831.20
196531.56%14,131.4231.30
196541.73%14,376.2631.40
19655-4.51%13,728.2731.40
196560.10%13,742.3931.60
196572.12%14,033.5431.60
196583.60%14,538.2031.60
196592.50%14,901.1931.60
1965101.08%15,061.5331.70
196511-0.21%15,029.6631.70
1965121.98%15,327.3131.80
19661-0.43%15,261.3431.80
19662-3.86%14,671.8932.00
196633.32%15,159.1432.10
19664-5.01%14,400.0432.30
19665-0.56%14,319.4632.30
196660.02%14,322.1032.40
19667-5.77%13,495.7932.50
19668-3.22%13,060.5732.70
19669-0.56%12,986.8632.70
1966105.32%13,677.2532.90
1966110.72%13,775.1532.90
1966124.13%14,344.1032.90
196713.73%14,879.1432.90
196722.63%15,271.0232.90
196731.99%15,575.2933.00
196742.06%15,895.7833.10
19675-0.99%15,738.1233.20
196761.99%16,051.6933.30
196771.85%16,348.9133.40
196781.65%16,619.3133.50
196790.10%16,635.5033.60
196710-2.88%16,156.1033.70
1967113.11%16,658.8433.80
196712-0.02%16,655.9333.90
19681-4.26%15,946.8934.10
19682-1.56%15,698.2434.20
196837.66%16,900.9934.30
196842.56%17,333.2734.40
196852.94%17,842.9934.50
196860.05%17,851.7234.70
19687-1.93%17,506.4834.90
196883.51%18,120.5535.00
196892.72%18,612.9235.10
1968101.79%18,945.3035.30
1968111.29%19,188.8135.40
196812-3.99%18,424.1135.50
19691-0.24%18,380.1535.60
19692-1.91%18,028.4035.80
196932.27%18,438.4136.10
196943.51%19,086.2436.30
19695-4.97%18,137.4036.40
19696-4.21%17,374.6636.60
19697-0.28%17,325.3936.80
196980.63%17,434.2837.00
196991.35%17,669.0237.10
1969101.00%17,845.2637.30
196911-5.03%16,948.0937.50
196912-0.59%16,848.2637.70
19701-3.20%16,309.7837.80
197022.01%16,637.9738.00
19703-2.75%16,180.8138.20
19704-11.20%14,368.7238.50
19705-0.27%14,329.9438.60
197060.52%14,404.8238.80
197073.26%14,873.8139.00
197086.32%15,814.0339.00
197092.49%16,207.7239.20
1970100.21%16,241.2339.40
1970117.16%17,403.8439.60
1970124.11%18,119.2539.80
197114.15%18,871.4039.80
197122.83%19,405.8039.90
197133.67%20,118.7540.00
19714-1.11%19,895.8540.10
19715-1.60%19,578.3540.30
19716-0.46%19,487.7140.60
19717-1.52%19,192.0540.70
197182.49%19,669.2540.80
19719-1.86%19,302.6740.80
197110-4.37%18,458.8540.90
1971117.16%19,781.1740.90
1971124.42%20,656.0041.10
197212.09%21,087.0841.10
197222.62%21,639.4841.30
197231.26%21,911.9041.40
19724-0.78%21,741.8941.50
197250.52%21,854.1041.60
19726-0.50%21,743.9941.70
197273.78%22,566.7141.90
19728-1.21%22,293.5542.00
197290.42%22,386.6142.10
1972105.25%23,562.8542.30
1972112.31%24,107.5142.40
1972120.99%24,346.0242.50
19731-3.33%23,536.4842.60
19732-1.35%23,219.8442.90
19733-1.63%22,840.5843.30
19734-2.57%22,253.6443.60
19735-1.99%21,810.8443.90
197361.21%22,074.8044.20
19737-1.64%21,713.7844.30
197382.00%22,147.0445.10
197394.24%23,085.0345.20
197310-6.85%21,503.0545.60
197311-6.81%20,039.7145.90
1973121.70%20,380.4746.20
19741-2.47%19,876.4946.60
197424.57%20,785.7647.20
19743-4.82%19,784.5947.80
19744-2.71%19,249.2848.00
197450.46%19,337.3048.60
19746-11.35%17,143.1249.00
19747-3.76%16,497.7249.40
19748-10.01%14,845.7150.00
197492.38%15,198.5850.60
1974103.74%15,767.5351.10
197411-6.09%14,807.0051.50
1974128.63%16,085.2651.90
1975110.81%17,823.6752.10
197524.97%18,710.1652.50
197531.49%18,988.3952.70
197546.71%20,263.0152.90
197552.89%20,849.5453.20
197560.43%20,939.6153.60
19757-7.00%19,474.6354.20
19758-0.85%19,308.5754.30
197594.97%20,268.4554.60
1975102.04%20,682.2754.90
197511-1.18%20,438.2955.30
1975129.55%22,389.1955.50
197614.18%23,324.6455.60
197620.80%23,511.8055.80
197631.10%23,769.3655.90
19764-0.38%23,678.2656.10
197650.90%23,891.5056.50
197662.67%24,528.2956.80
19767-0.56%24,390.7857.10
197682.44%24,985.4057.40
19769-3.11%24,208.8057.60
197610-0.37%24,120.0457.90
1976113.79%25,033.3558.00
197612-0.54%24,898.8558.20
19771-2.37%24,309.1058.50
19772-0.05%24,295.9359.10
19773-1.19%24,005.9259.50
197740.06%24,021.4060.00
197750.90%24,237.5460.30
197761.28%24,548.3760.70
19777-2.08%24,038.1061.00
19778-1.18%23,755.5761.20
19779-2.20%23,233.4661.40
1977100.98%23,461.4161.60
197711-0.08%23,442.6161.90
197712-3.39%22,647.8262.10
19781-0.97%22,427.6962.50
197820.27%22,487.2762.90
197834.83%23,573.4063.40
197845.50%24,870.9663.90
197850.67%25,038.4864.50
19786-0.06%25,022.8865.20
197877.33%26,856.5965.70
197880.40%26,963.9466.00
19789-2.77%26,216.0966.50
197810-5.44%24,790.5567.10
1978111.92%25,267.2367.40
1978124.19%26,324.7467.70
19791-1.06%26,046.5068.30
197922.34%26,656.2969.10
197932.43%27,304.2869.80
19794-1.89%26,787.4170.60
197952.42%27,435.0371.50
197961.42%27,824.8472.30
197975.01%29,220.0773.10
197981.54%29,670.1973.80
19799-3.35%28,675.4974.60
197910-0.32%28,583.0375.20
1979114.40%29,841.8375.90
1979123.31%30,830.3376.70
198014.40%32,185.5877.80
19802-8.78%29,360.3978.90
19803-1.16%29,019.2080.10
198045.04%30,480.6581.00
198056.86%32,572.4481.80
198064.97%34,191.1282.70
198073.50%35,389.4182.70
198082.84%36,392.9883.30
198093.32%37,602.9784.00
1980104.61%39,338.2384.80
198011-1.24%38,848.5585.50
1980120.01%38,852.4386.30
19811-3.07%37,659.6087.00
198124.14%39,219.9587.90
198131.29%39,727.3788.50
19814-1.62%39,084.8789.10
198150.86%39,420.0689.80
19816-2.02%38,625.2590.60
198170.80%38,935.2591.60
19818-8.30%35,702.5892.30
198191.73%36,319.2593.20
1981103.04%37,424.7193.40
1981111.18%37,866.0893.70
198112-4.80%36,046.9594.00
19821-1.91%35,357.0594.30
19822-2.74%34,386.6694.60
198235.47%36,267.3894.50
198240.57%36,473.9794.90
19825-5.27%34,551.5795.80
198260.24%34,635.8297.00
198270.79%34,910.8297.50
1982812.10%39,133.7697.70
198298.88%42,609.3997.90
1982104.50%44,526.7898.20
1982111.36%45,130.3498.00
1982123.93%46,902.0497.60
198312.13%47,901.0697.80
198323.87%49,752.7397.90
198334.20%51,841.0597.90
198344.42%54,134.5098.60
198351.75%55,083.7599.20
198360.71%55,473.8299.50
19837-2.41%54,138.4699.90
198383.31%55,932.52100.20
198390.65%56,294.92100.70
198310-1.14%55,652.36101.00
198311-0.13%55,581.05101.20
1983121.58%56,456.97101.30
19841-5.11%53,570.79101.90
198420.44%53,807.77102.40
198430.51%54,080.68102.60
19844-0.25%53,944.09103.10
19845-1.85%52,947.04103.40
19846-0.91%52,466.04103.70
198479.21%57,296.36104.10
198481.41%58,102.50104.50
19849-0.41%57,862.88105.00
1984101.29%58,606.94105.30
198411-0.71%58,192.27105.30
1984124.70%60,925.89105.30
198515.79%64,451.89105.50
19852-0.48%64,143.60106.00
198531.02%64,800.89106.40
198542.74%66,573.61106.90
198552.51%68,245.25107.30
198562.25%69,778.87107.60
19857-1.85%68,491.23107.80
19858-1.88%67,200.18108.00
198591.50%68,205.20108.30
1985106.42%72,584.32108.70
1985115.29%76,427.31109.00
1985120.75%77,001.84109.30
198615.70%81,388.82109.60
198626.18%86,420.91109.30
198632.74%88,790.07108.80
198640.49%89,226.77108.60
198653.13%92,022.46108.90
19866-1.80%90,362.45109.50
198672.28%92,423.49109.50
19868-2.46%90,153.35109.70
19869-0.09%90,072.33110.20
1986103.53%93,254.54110.30
1986111.71%94,848.20110.40
1986126.67%101,177.77110.50
198716.46%107,715.75111.20
198724.38%112,429.84111.60
19873-0.86%111,466.98112.10
198740.17%111,659.63112.70
198754.50%116,682.57113.10
198763.12%120,325.51113.50
198776.45%128,091.34113.80
19878-3.03%124,209.62114.40
19879-11.85%109,485.96115.00
198710-12.30%96,015.45115.30
198711-1.33%94,733.93115.40
1987124.25%98,756.85115.40
198813.33%102,044.04115.70
198823.23%105,342.16116.00
19883-0.89%104,408.80116.50
19884-2.19%102,124.06117.10
198856.00%108,249.66117.50
19886-0.31%107,917.42118.00
19887-1.72%106,062.88118.50
198881.93%108,106.89119.00
198893.80%112,216.70119.80
198810-2.02%109,949.64120.20
1988112.33%112,507.02120.30
1988123.51%116,459.01120.50
198913.30%120,301.98121.10
19892-0.16%120,107.50121.60
198933.56%124,389.10122.30
198944.12%129,508.08123.10
198953.39%133,901.80123.80
198962.80%137,651.29124.10
198974.69%144,108.17124.40
198980.46%144,764.64124.60
198990.29%145,179.03125.00
198910-1.81%142,546.14125.60
1989112.74%146,447.21125.90
198912-2.21%143,208.93126.10
19901-2.53%139,589.78127.40
199022.71%143,368.70128.00
199030.20%143,649.69128.70
199043.85%149,181.53128.90
199053.17%153,910.52129.20
199060.17%154,171.74129.90
19907-7.86%142,051.95130.40
19908-4.34%135,885.39131.60
19909-2.32%132,738.60132.70
1990102.98%136,699.27133.50
1990114.59%142,969.13133.80
199012-0.69%141,989.54133.80
1991111.61%158,469.95134.60
199123.04%163,294.76134.80
199132.26%166,983.31135.00
19914-0.18%166,684.61135.20
199150.35%167,263.02135.60
199160.78%168,568.49136.00
199172.68%173,084.33136.20
19918-0.30%172,559.71136.60
199190.18%172,873.15137.20
1991100.02%172,900.46137.40
1991110.94%174,517.32137.80
1991127.36%187,358.35137.90
19921-0.60%186,232.61138.10
19922-1.01%184,347.24138.60
199230.26%184,834.47139.30
199242.07%188,657.50139.50
19925-1.33%186,150.01139.70
199261.91%189,709.44140.20
199270.94%191,495.98140.50
199280.38%192,220.19140.90
19929-1.18%189,948.04141.30
1992102.76%195,184.72141.80
1992113.27%201,569.61142.00
1992120.14%201,857.63141.90
199311.72%205,338.16142.60
199322.15%209,753.24143.10
19933-1.34%206,938.89143.60
199340.72%208,438.63144.00
199350.87%210,242.00144.20
199360.06%210,370.26144.40
199371.76%214,077.96144.40
199381.35%216,978.66144.80
199391.24%219,673.33145.10
1993100.01%219,689.90145.70
1993110.89%221,638.95145.80
1993121.74%225,486.33145.80
19941-0.08%225,315.64146.20
19942-1.42%222,107.55146.70
19943-3.35%214,675.00147.20
199441.06%216,946.78147.40
199451.11%219,350.75147.50
19946-0.52%218,212.59148.00
199473.08%224,938.07148.40
199480.82%226,776.86149.00
19949-0.44%225,769.96149.40
199410-0.37%224,934.87149.50
199411-1.03%222,627.70149.70
1994122.45%228,084.70149.70
199513.82%236,795.46150.30
199522.56%242,853.09150.90
199533.22%250,662.16151.40
199543.35%259,053.73151.90
199553.18%267,287.55152.20
199563.55%276,769.53152.50
199570.51%278,189.70152.50
199583.72%288,531.86152.90
199590.91%291,164.90153.20
1995102.36%298,031.69153.70
1995113.39%308,132.40153.60
1995120.16%308,633.36153.50
199615.90%326,856.29154.40
19962-0.20%326,200.30154.90
199630.20%326,843.05155.70
199642.35%334,539.63156.30
199651.28%338,817.03156.60
19966-3.48%327,037.84156.70
199673.08%337,096.72157.00
199682.02%343,918.63157.30
199694.12%358,086.35157.80
1996105.05%376,177.17158.30
1996111.20%380,684.63158.60
1996123.26%393,085.58158.60
199714.36%410,228.69159.10
19972-0.62%407,670.15159.60
19973-3.41%393,787.98160.00
199749.22%430,086.69160.20
199755.34%453,039.66160.10
199765.74%479,025.68160.30
199770.35%480,691.68160.50
199781.19%486,421.56160.80
199791.65%494,425.02161.20
199710-1.15%488,729.03161.60
1997112.63%501,605.17161.50
1997120.24%502,794.42161.30
199816.40%534,984.11161.60
199825.31%563,407.13161.90
199833.41%582,594.95162.20
19984-0.22%581,302.42162.50
199850.12%581,979.39162.80
199864.47%607,980.28163.00
19987-6.97%565,597.94163.20
19988-4.90%537,892.40163.40
199891.29%544,835.82163.60
19981010.97%604,628.20164.00
1998114.10%629,442.78164.00
1998125.05%661,215.08163.90
19991-0.07%660,773.98164.30
199922.92%680,091.77164.50
199934.25%708,995.82165.00
19994-0.10%708,295.11166.20
19995-0.61%703,961.99166.20
199964.52%735,797.88166.20
19997-3.77%708,026.03166.70
19998-0.60%703,791.92167.10
19999-1.27%694,836.37167.90
1999107.11%744,211.09168.20
1999112.81%765,113.98168.30
199912-0.12%764,204.01168.30
20001-2.48%745,266.44168.80
200023.94%774,637.04169.80
200031.42%785,673.03171.20
20004-2.84%763,369.39171.30
200053.16%787,518.43171.50
200060.85%794,215.03172.40
200070.94%801,678.36172.80
20008-1.08%793,023.04172.80
20009-5.21%751,672.99173.70
200010-0.77%745,865.84174.00
200011-3.32%721,102.54174.10
2000120.46%724,383.61174.00
20011-2.14%708,908.91175.10
20012-9.08%644,540.67175.80
200130.45%647,432.68176.20
200146.88%691,971.73176.90
20015-2.39%675,442.93177.70
20016-2.66%657,474.62178.00
20017-2.05%644,023.74177.50
20018-11.25%571,588.30177.50
200193.18%589,787.85178.30
2001105.05%619,590.70177.70
2001111.47%628,674.20177.40
200112-0.30%626,802.71176.70
20021-3.35%605,787.46177.10
200224.95%635,745.29177.80
20023-3.51%613,402.45178.80
20024-2.82%596,102.22179.80
20025-5.92%560,807.26179.80
20026-10.76%500,472.81179.90
200271.14%506,172.15180.10
20028-4.76%482,089.85180.70
20029-1.37%475,499.47181.00
2002106.63%507,004.06181.30
200211-1.04%501,756.25181.30
200212-0.22%500,639.76180.90
20031-6.41%468,524.54181.70
200321.31%474,652.36183.10
200335.29%499,741.82184.20
200345.31%526,289.16183.80
200355.70%556,309.67183.50
200360.60%559,624.72183.70
20037-0.17%558,693.93183.90
200383.16%576,355.25184.60
200392.03%588,042.75185.20
2003101.21%595,161.52185.00
2003113.06%613,396.14184.50
2003124.93%643,667.00184.30
200411.09%650,661.49185.20
20042-1.57%640,477.35186.20
200430.97%646,678.05187.40
20044-2.56%630,095.59188.00
200452.86%648,101.68189.10
20046-2.24%633,592.12189.70
20047-1.39%624,800.58189.40
200482.78%642,186.43189.50
200490.10%642,845.29189.90
2004104.77%673,534.05190.90
2004112.73%691,904.34191.00
200412-1.35%682,569.02190.30
200511.68%694,044.41190.70
20052-0.26%692,270.52191.80
20053-2.41%675,594.29193.30
200541.34%684,619.35194.60
200552.18%699,548.83194.40
200561.81%712,195.21194.50
200570.31%714,403.14195.40
200580.28%716,401.26196.40
20059-2.62%697,601.32198.80
2005103.96%725,237.09199.20
2005112.14%740,787.12197.60
2005121.47%751,652.77196.80
20061-0.02%751,527.69198.30
200621.49%762,696.43198.70
200630.80%768,785.28199.80
20064-0.79%762,737.74201.50
20065-2.71%742,099.63202.50
200660.72%747,443.05202.90
200672.29%764,572.65203.50
200682.53%783,925.31203.90
200693.62%812,271.37202.90
2006102.00%828,530.14201.80
2006112.15%846,329.16201.50
2006120.69%852,192.76201.80
200711.60%865,794.16202.42
20072-2.47%844,375.36203.50
200734.18%879,672.44205.35
200743.39%909,508.76206.69
200750.34%912,645.67207.95
200760.57%917,889.91208.35
20077-4.20%879,328.36208.30
200783.07%906,365.46207.92
200792.99%933,480.58208.49
200710-4.81%888,614.61208.94
2007111.24%899,617.62210.18
200712-6.64%839,926.22210.04
20081-1.56%826,790.06211.08
20082-2.63%805,073.30211.69
200834.24%839,239.02213.53
200842.56%860,745.39214.82
20085-4.25%824,193.13216.63
20086-6.08%774,094.79218.82
200872.11%790,432.33219.96
20088-4.85%752,115.84219.09
20089-20.19%600,236.68218.78
200810-8.61%548,584.23216.57
200811-0.35%546,657.51212.43
200812-1.10%540,668.56210.23
20091-6.70%504,430.22211.14
20092-5.69%475,741.07212.19
2009312.32%534,360.70212.71
200946.66%569,948.17213.24
200952.87%586,299.19213.86
200961.28%593,789.99215.69
200978.12%642,010.16215.35
200983.65%665,445.74215.83
200992.40%681,437.12215.97
2009102.09%695,708.63216.18
2009112.23%711,194.12216.33
2009121.36%720,844.79215.95
20101-2.90%699,951.30216.69
201025.94%741,549.65216.74
201034.09%771,863.68217.63
20104-5.88%726,459.60218.01
20105-3.54%700,717.04218.18
20106-0.16%699,602.39217.97
201070.86%705,644.24218.01
201083.37%729,432.59218.31
201094.58%762,821.91218.44
2010102.49%781,823.15218.71
2010113.71%810,858.00218.80
2010123.46%838,931.47219.18
201113.15%865,365.06220.22
20112-1.11%855,738.21221.31
201132.22%874,744.01223.47
201140.66%880,510.62224.91
20115-3.66%848,261.04225.96
201163.10%874,571.86225.72
20117-10.40%783,610.72225.92
20118-0.79%777,426.12226.55
201193.02%800,895.88226.89
2011101.77%815,048.69226.42
2011111.55%827,720.67226.23
2011124.78%867,306.89225.67
201214.16%903,409.48226.67
201222.88%929,462.34227.66
20123-0.04%929,107.19229.39
20124-3.09%900,388.93230.09
20125-1.15%890,012.75229.82
201262.92%916,010.79229.48
201273.39%947,042.50229.10
201283.02%975,654.23230.38
20129-0.22%973,535.74231.41
201210-2.84%945,911.72231.32
2012112.18%966,490.37230.22
2012124.27%1,007,747.53229.60
201312.33%1,031,258.50230.28
201322.72%1,059,334.04232.17
201331.45%1,074,734.55232.77
201344.57%1,123,895.81232.53
20135-1.12%1,111,333.18232.95
201363.25%1,147,501.26233.50
201370.25%1,150,399.03233.60
201381.19%1,164,117.16233.88
201392.12%1,188,767.92234.15
2013103.86%1,234,654.30233.55
2013111.52%1,253,441.56233.07
2013120.97%1,265,572.46233.05
20141-0.13%1,263,926.76233.92
201422.72%1,298,334.25234.78
201430.20%1,300,953.30236.29
201441.53%1,320,884.36237.07
201453.20%1,363,104.02237.90
201461.50%1,383,493.63238.34
20147-0.43%1,377,586.79238.25
201481.78%1,402,080.75237.85
20149-2.65%1,364,973.51238.03
2014105.71%1,442,854.15237.43
2014110.63%1,452,000.23236.15
201412-1.11%1,435,882.37234.81
201512.83%1,476,480.48233.71
201520.06%1,477,297.91234.72
201530.88%1,490,274.63236.12
201540.98%1,504,862.99236.60
20155-0.44%1,498,309.31237.81
20156-0.08%1,497,116.21238.64
20157-2.42%1,460,820.16238.65
20158-4.51%1,394,979.60238.32
201594.32%1,455,202.53237.95
2015102.93%1,497,875.91237.84
201511-1.10%1,481,354.79237.34
201512-6.42%1,386,257.42236.53
20161-0.55%1,378,634.26236.92
201626.36%1,466,353.00237.11
201632.83%1,507,869.27238.13
20164-0.30%1,503,279.84239.26
201651.07%1,519,312.17240.23
201663.30%1,569,410.57241.02
201671.20%1,588,231.83240.63
20168-0.44%1,581,264.71240.85
20169-0.51%1,573,263.82241.43
2016101.20%1,592,161.24241.73
2016113.95%1,654,987.35241.35
2016121.44%1,678,780.02241.43
201712.58%1,722,032.87242.84
201721.75%1,752,155.65243.60
20173-0.15%1,749,457.26243.80
201741.69%1,779,064.60244.52
201751.78%1,810,668.41244.73
201760.99%1,828,555.71244.96
201770.25%1,833,086.97244.79
201781.65%1,863,392.72245.52
201792.73%1,914,352.77246.82
2017101.59%1,944,782.72246.66
2017112.88%2,000,860.27246.67
2017124.86%2,098,140.06246.52
20181-2.89%2,037,573.33247.87
201820.06%2,038,889.16248.99
20183-1.66%2,004,962.62249.55
201841.96%2,044,292.39250.55
201852.11%2,087,487.67251.59
201861.58%2,120,485.46251.99
201872.45%2,172,454.42252.01
201881.68%2,208,946.18252.15
20189-3.85%2,123,924.15252.44
201810-2.08%2,079,829.18252.89
201811-5.56%1,964,138.43252.04
2018121.74%1,998,228.73251.23
201915.83%2,114,703.54251.71
201921.95%2,155,898.42252.78
201933.72%2,236,167.26254.20
20194-1.53%2,201,913.90255.55
201951.40%2,232,845.27256.09
201963.83%2,318,303.94256.14
20197-3.13%2,245,638.69256.57
201983.09%2,314,921.75256.56
201990.01%2,315,148.68256.76
2019104.43%2,417,795.25257.35
2019112.47%2,477,498.35257.21
2019123.35%2,560,405.29256.97
202010.12%2,563,530.95257.97
20202-18.92%2,078,569.63258.68
202034.32%2,168,335.03258.12
202045.89%2,295,992.84256.39
202056.51%2,445,422.29256.39
202063.48%2,530,435.81257.80
202075.89%2,679,567.16259.10
20208-0.63%2,662,766.21259.92
202091.73%2,708,725.59260.28
2020103.95%2,815,831.76260.39
2020114.26%2,935,788.45260.23
2020122.80%3,017,852.54260.47
202112.49%3,093,043.20261.58
202120.82%3,118,448.15263.01
202136.02%3,306,225.07264.88
202140.76%3,331,360.04267.05
202151.81%3,391,671.74269.20
202163.07%3,495,735.06271.70
202172.19%3,572,122.53273.00
20218-0.08%3,569,104.13273.57
202190.45%3,585,242.76274.31
2021104.74%3,755,353.35276.59
2021110.27%3,765,320.20277.95
202112-2.05%3,688,057.60278.80
20221-2.90%3,581,009.15281.15
20222-0.89%3,549,045.65283.72
202230.12%3,553,244.24287.50
20224-7.87%3,273,506.90289.11
20225-3.37%3,163,209.86292.30
202260.46%3,177,908.83296.31
202276.45%3,382,801.13296.28
20228-7.28%3,136,621.02296.17
20229-3.09%3,039,662.57296.81
2022105.29%3,200,311.60298.01
2022110.01%3,200,658.43297.71
2022121.38%3,244,714.10296.80
202313.15%3,346,824.33299.17
20232-2.59%3,260,294.63300.84
202334.00%3,390,583.21301.84
202340.74%3,415,595.39303.36
202354.94%3,584,400.49304.13
202363.88%3,723,333.35305.11
20237-1.13%3,681,445.07305.69
202381.31%3,729,688.44307.03
Click to show 1254 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 1918. This would result in a final amount of $3,074,584.35, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $3,729,688.44).

YearMonthContribution ($)Amount ($)
191814.164.29
191824.168.31
191834.1612.41
191844.1617.19
191854.1621.51
191864.1626.02
191874.1630.64
191884.1634.83
191894.1640.87
1918104.1646.43
1918114.1649.87
1918124.1653.98
191914.1658.69
191924.1665.12
191934.1671.95
191944.1681.77
191954.1688.65
191964.1696.28
191974.1694.14
191984.16100.33
191994.16110.33
1919104.16111.62
1919114.16112.92
1919124.32116.62
19201-107.56
19202-115.71
19203-115.36
19204-108.70
19205-107.40
19206-107.85
19207-104.21
19208-108.51
19209-109.24
192010-104.28
192011-95.54
192012-100.34
19211-100.23
19212-98.27
19213-99.29
19214-102.90
19215-95.25
19216-95.55
19217-94.96
19218-97.90
19219-99.82
192110-105.76
192111-110.09
192112-110.51
19221-113.52
19222-118.38
19223-126.17
19224-131.70
19225-131.08
19226-132.64
19227-138.26
19228-142.51
19229-146.30
192210-139.70
192211-140.05
192212-142.64
19231-149.41
19232-152.52
19233-147.87
19234-141.59
19235-136.90
19236-133.02
19237-134.39
19238-135.95
19239-134.68
192310-139.44
192311-144.90
192312-150.39
19241-151.83
19242-149.68
19243-147.01
19244-147.26
19245-150.82
19246-158.60
19247-164.84
19248-164.05
19249-162.73
192410-172.63
192411-182.76
192412-191.14
19251-193.60
19252-189.36
19253-188.21
19254-195.12
19255-199.49
19256-205.91
19257-209.59
19258-215.34
19259-223.37
192510-231.24
192511-235.95
192512-240.50
19261-241.84
19262-226.40
19263-221.07
19264-223.62
19265-235.29
19266-246.24
19267-257.06
19268-262.06
19269-257.25
192610-261.72
192611-268.80
192612-268.15
19271-274.52
19272-279.91
19273-287.97
19274-299.11
19275-304.20
19276-312.19
19277-330.06
19278-350.07
19279-345.99
192710-355.18
192711-364.84
192712-367.64
19281-364.59
19282-385.54
19283-411.23
19284-425.35
19285-405.94
19286-410.36
19287-425.10
19288-456.45
19289-467.21
192810-500.30
192811-503.78
192812-542.53
19291-546.93
19292-558.15
19293-556.46
19294-566.46
19295-578.93
19296-632.20
19297-669.86
19298-698.29
19299-626.19
192910-462.19
192911-482.40
192912-491.21
19301-523.81
19302-545.40
19303-581.88
19304-548.99
19305-495.36
19306-486.64
19307-482.28
19308-483.94
19309-419.23
193010-390.72
193011-366.55
193012-379.58
19311-410.48
19312-420.25
19313-382.09
19314-347.09
19315-337.79
19316-350.82
19317-342.10
19318-292.95
19319-255.60
193110-260.85
193111-213.64
193112-211.82
19321-211.72
19322-214.14
19323-164.41
19324-145.80
19325-127.74
19326-135.64
19327-205.29
19328-226.57
19329-196.63
193210-195.97
193211-190.79
193212-199.51
19331-177.03
19332-177.62
19333-197.59
19334-255.52
19335-300.45
19336-325.88
19337-310.75
19338-309.25
19339-280.25
193310-288.10
193311-294.79
193312-312.72
19341-336.96
19342-320.79
19343-327.27
19344-295.11
19345-300.13
19346-287.06
19347-276.97
19348-271.41
19349-274.69
193410-283.51
193411-286.51
193412-287.67
19351-280.14
19352-263.52
19353-284.44
19354-307.95
19355-320.80
19356-338.77
19357-362.84
19358-371.66
19359-382.76
193510-419.93
193511-421.17
193512-445.69
19361-472.57
19362-483.96
19363-485.97
19364-461.58
19365-482.69
19366-512.78
19367-524.56
19368-532.14
19369-561.67
193610-579.09
193611-570.99
193612-590.73
19371-610.24
19372-611.64
19373-577.24
19374-553.66
19375-535.17
19376-569.39
19377-577.57
19378-498.08
19379-427.86
193710-392.50
193711-388.50
193712-401.07
19381-393.84
19382-370.14
19383-357.39
19384-362.95
19385-373.60
19386-450.14
19387-454.90
19388-436.32
19389-487.01
193810-489.28
193811-476.80
193812-471.26
19391-469.10
19392-470.35
19393-412.77
19394-429.68
19395-439.01
19396-451.46
19397-446.64
19398-496.02
19399-502.89
193910-495.80
193911-486.02
193912-485.30
19401-484.19
19402-483.49
19403-490.35
19404-424.94
19405-390.54
19406-405.65
19407-416.40
19408-436.21
19409-442.61
194010-455.22
194011-438.88
194012-442.04
19411-416.74
19412-421.64
19413-410.91
19414-404.38
19415-420.99
19416-445.04
19417-445.37
19418-449.21
19419-433.79
194110-416.07
194111-391.60
194112-401.85
19421-391.88
19422-373.22
19423-360.33
19424-367.07
19425-388.17
19426-405.18
19427-405.36
19428-412.10
19429-444.94
194210-454.53
194211-459.33
194212-489.20
19431-520.68
19432-541.58
19433-562.09
19434-586.61
19435-599.40
19436-614.22
19437-586.34
19438-601.31
19439-598.30
194310-573.13
194311-583.28
194312-604.66
19441-603.18
19442-622.73
19443-614.58
19444-628.12
19445-660.42
19446-680.36
19447-673.18
19448-664.93
19449-684.10
194410-682.16
194411-699.90
194412-723.58
19451-750.60
19452-752.96
19453-774.81
19454-807.04
19455-824.70
19456-810.72
19457-816.44
19458-875.06
19459-914.56
194510-947.54
194511-966.72
194512-1,008.28
19461-1,014.19
19462-987.03
19463-1,053.85
19464-1,059.31
19465-1,055.72
19466-1,028.82
19467-1,012.12
19468-866.15
19469-849.93
194610-849.82
194611-878.66
194612-886.75
19471-924.61
19472-890.65
19473-861.28
19474-849.54
19475-882.85
19476-941.95
19477-927.26
19478-907.17
19479-934.63
194710-927.81
194711-917.39
194712-909.46
19481-869.00
19482-885.67
19483-958.19
19484-1,009.26
19485-1,055.56
19486-1,034.90
19487-1,009.15
19488-1,002.31
19489-1,034.27
194810-981.51
194811-979.96
194812-995.92
19491-962.78
19492-977.14
19493-981.19
19494-979.39
19495-931.28
19496-989.61
19497-1,030.88
19498-1,050.17
19499-1,083.16
194910-1,104.25
194911-1,140.05
194912-1,170.03
19501-1,199.55
19502-1,216.05
19503-1,257.22
19504-1,306.44
19505-1,334.72
19506-1,244.98
19507-1,327.61
19508-1,382.16
19509-1,447.41
195010-1,452.86
195011-1,455.69
195012-1,572.33
19511-1,640.07
19512-1,621.83
19513-1,653.07
19514-1,663.46
19515-1,644.41
19516-1,683.33
19517-1,766.91
19518-1,822.32
19519-1,822.84
195110-1,781.76
195111-1,846.14
195112-1,916.92
19521-1,891.38
19522-1,905.56
19523-1,909.43
19524-1,918.21
19525-1,980.46
19526-2,047.13
19527-2,065.16
19528-2,042.26
19529-2,009.37
195210-2,083.06
195211-2,176.98
195212-2,198.51
19531-2,181.51
19532-2,202.38
19533-2,103.87
19534-2,124.97
19535-2,058.93
19536-2,098.34
19537-2,117.20
19538-2,030.25
19539-2,101.64
195310-2,158.56
195311-2,198.21
195312-2,264.68
19541-2,325.29
19542-2,385.34
19543-2,491.50
19544-2,601.69
19545-2,633.51
19546-2,750.89
19547-2,816.75
19548-2,893.93
19549-2,972.37
195410-3,100.25
195411-3,253.81
195412-3,324.37
19551-3,447.53
19552-3,432.49
19553-3,563.20
19554-3,560.40
19555-3,779.19
19556-4,068.07
19557-4,055.90
19558-4,251.25
19559-4,050.38
195510-4,336.59
195511-4,390.24
195512-4,285.41
19561-4,326.10
19562-4,637.84
19563-4,706.61
19564-4,573.01
19565-4,561.03
19566-4,823.24
19567-4,809.50
19568-4,660.95
19569-4,616.50
195610-4,583.61
195611-4,666.52
195612-4,579.60
19571-4,396.61
19572-4,467.86
19573-4,585.99
19574-4,776.78
19575-4,870.13
19576-4,983.22
19577-4,723.83
19578-4,547.19
19579-4,279.06
195710-4,202.02
195711-4,215.38
195712-4,313.54
19581-4,343.82
19582-4,448.90
19583-4,488.78
19584-4,648.48
19585-4,775.63
19586-4,922.27
19587-5,121.84
19588-5,272.61
19589-5,502.45
195810-5,685.47
195811-5,808.41
195812-6,055.54
19591-5,978.94
19592-6,146.72
19593-6,265.75
19594-6,376.36
19595-6,337.71
19596-6,605.64
19597-6,584.60
19598-6,340.75
19599-6,351.96
195910-6,394.46
195911-6,615.91
195912-6,517.61
19601-6,282.38
19602-6,214.64
19603-6,313.10
19604-6,273.67
19605-6,523.87
19606-6,380.60
19607-6,475.73
19608-6,299.54
19609-6,194.09
196010-6,413.41
196011-6,585.97
196012-6,943.39
19611-7,247.10
19612-7,493.29
19613-7,712.02
19614-7,809.45
19615-7,725.09
19616-7,722.93
19617-8,019.41
19618-7,975.97
19619-8,083.09
196110-8,468.82
196111-8,567.31
196112-8,268.56
19621-8,426.45
19622-8,455.18
19623-8,206.18
19624-7,616.56
19625-6,747.30
19626-6,930.65
19627-7,140.17
19628-7,097.80
19629-6,895.06
196210-7,391.57
196211-7,733.34
196212-8,054.02
19631-8,182.52
19632-8,173.66
19633-8,580.56
19634-8,775.30
19635-8,794.31
19636-8,686.85
19637-8,950.17
19638-9,209.15
19639-9,255.18
196310-9,226.81
196311-9,447.64
196312-9,762.27
19641-9,906.74
19642-10,111.91
19643-10,283.12
19644-10,408.61
19645-10,372.11
19646-10,782.95
19647-10,650.79
19648-10,860.12
19649-11,074.09
196410-11,177.85
196411-11,011.26
196412-11,321.86
19651-11,432.26
19652-11,470.62
19653-11,649.29
19654-11,851.13
19655-11,316.96
19656-11,328.60
19657-11,568.61
19658-11,984.63
19659-12,283.86
196510-12,416.03
196511-12,389.76
196512-12,635.13
19661-12,580.75
19662-12,094.84
19663-12,496.50
19664-11,870.73
19665-11,804.31
19666-11,806.48
19667-11,125.31
19668-10,766.54
19669-10,705.77
196610-11,274.90
196611-11,355.60
196612-11,824.62
19671-12,265.68
19672-12,588.73
19673-12,839.55
19674-13,103.75
19675-12,973.78
19676-13,232.28
19677-13,477.29
19678-13,700.19
19679-13,713.54
196710-13,318.35
196711-13,732.78
196712-13,730.38
19681-13,145.88
19682-12,940.91
19683-13,932.41
19684-14,288.75
19685-14,708.94
19686-14,716.14
19687-14,431.54
19688-14,937.75
19689-15,343.64
196810-15,617.64
196811-15,818.37
196812-15,187.99
19691-15,151.76
19692-14,861.78
19693-15,199.78
19694-15,733.82
19695-14,951.64
19696-14,322.88
19697-14,282.26
19698-14,372.02
19699-14,565.53
196910-14,710.82
196911-13,971.23
196912-13,888.94
19701-13,445.03
19702-13,715.58
19703-13,338.72
19704-11,844.92
19705-11,812.95
19706-11,874.68
19707-12,261.29
19708-13,036.36
19709-13,360.90
197010-13,388.53
197011-14,346.93
197012-14,936.68
19711-15,556.71
19712-15,997.26
19713-16,584.97
19714-16,401.23
19715-16,139.49
19716-16,064.77
19717-15,821.05
19718-16,214.43
19719-15,912.24
197110-15,216.63
197111-16,306.69
197112-17,027.86
19721-17,383.23
19722-17,838.60
19723-18,063.17
19724-17,923.02
19725-18,015.52
19726-17,924.75
19727-18,602.96
19728-18,377.78
19729-18,454.50
197210-19,424.13
197211-19,873.13
197212-20,069.74
19731-19,402.40
19732-19,141.37
19733-18,828.73
19734-18,344.88
19735-17,979.85
19736-18,197.45
19737-17,899.85
19738-18,257.00
19739-19,030.25
197310-17,726.13
197311-16,519.82
197312-16,800.72
19741-16,385.26
19742-17,134.83
19743-16,309.51
19744-15,868.23
19745-15,940.78
19746-14,132.00
19747-13,599.97
19748-12,238.12
19749-12,529.02
197410-12,998.03
197411-12,206.21
197412-13,259.95
19751-14,693.02
19752-15,423.80
19753-15,653.16
19754-16,703.90
19755-17,187.41
19756-17,261.66
19757-16,053.99
19758-15,917.10
19759-16,708.38
197510-17,049.52
197511-16,848.39
197512-18,456.62
19761-19,227.76
19762-19,382.05
19763-19,594.37
19764-19,519.27
19765-19,695.06
19766-20,220.00
19767-20,106.64
19768-20,596.82
19769-19,956.63
197610-19,883.46
197611-20,636.34
197612-20,525.48
19771-20,039.31
19772-20,028.45
19773-19,789.38
19774-19,802.14
19775-19,980.31
19776-20,236.55
19777-19,815.91
19778-19,583.01
19779-19,152.60
197710-19,340.51
197711-19,325.01
197712-18,669.83
19781-18,488.36
19782-18,537.47
19783-19,432.83
19784-20,502.48
19785-20,640.57
19786-20,627.72
19787-22,139.35
19788-22,227.83
19789-21,611.35
197810-20,436.20
197811-20,829.15
197812-21,700.91
19791-21,471.54
19792-21,974.23
19793-22,508.40
19794-22,082.31
19795-22,616.18
19796-22,937.52
19797-24,087.69
19798-24,458.75
19799-23,638.76
197910-23,562.54
197911-24,600.24
197912-25,415.11
19801-26,532.32
19802-24,203.36
19803-23,922.10
19804-25,126.85
19805-26,851.23
19806-28,185.59
19807-29,173.41
19808-30,000.71
19809-30,998.16
198010-32,428.63
198011-32,024.97
198012-32,028.17
19811-31,044.85
19812-32,331.13
19813-32,749.43
19814-32,219.78
19815-32,496.09
19816-31,840.89
19817-32,096.43
19818-29,431.57
19819-29,939.92
198110-30,851.22
198111-31,215.06
198112-29,715.46
19821-29,146.73
19822-28,346.79
19823-29,897.16
19824-30,067.47
19825-28,482.73
19826-28,552.18
19827-28,778.88
19828-32,260.08
19829-35,125.23
198210-36,705.84
198211-37,203.38
198212-38,663.90
19831-39,487.44
19832-41,013.88
19833-42,735.39
19834-44,626.01
19835-45,408.52
19836-45,730.08
19837-44,629.27
19838-46,108.21
19839-46,406.96
198310-45,877.26
198311-45,818.48
198312-46,540.54
19841-44,161.31
19842-44,356.66
19843-44,581.64
19844-44,469.04
19845-43,647.11
19846-43,250.60
19847-47,232.49
19848-47,897.04
19849-47,699.51
198410-48,312.88
198411-47,971.04
198412-50,224.51
19851-53,131.19
19852-52,877.05
19853-53,418.89
19854-54,880.23
19855-56,258.26
19856-57,522.50
19857-56,461.04
19858-55,396.75
19859-56,225.24
198510-59,835.19
198511-63,003.18
198512-63,476.79
19861-67,093.22
19862-71,241.44
19863-73,194.47
19864-73,554.46
19865-75,859.10
19866-74,490.67
19867-76,189.69
19868-74,318.29
19869-74,251.50
198610-76,874.77
198611-78,188.51
198612-83,406.32
19871-88,795.94
19872-92,682.01
19873-91,888.27
19874-92,047.08
19875-96,187.77
19876-99,190.84
19877-105,592.63
19878-102,392.73
19879-90,255.21
198710-79,150.74
198711-78,094.32
198712-81,410.62
19881-84,120.43
19882-86,839.25
19883-86,069.84
19884-84,186.40
19885-89,236.07
19886-88,962.18
19887-87,433.38
19888-89,118.37
19889-92,506.31
198810-90,637.45
198811-92,745.64
198812-96,003.47
19891-99,171.45
19892-99,011.13
19893-102,540.67
19894-106,760.53
19895-110,382.51
19896-113,473.42
19897-118,796.18
19898-119,337.34
19899-119,678.95
198910-117,508.51
198911-120,724.37
198912-118,054.88
19901-115,071.42
19902-118,186.59
19903-118,418.22
19904-122,978.42
19905-126,876.78
19906-127,092.12
19907-117,101.12
19908-112,017.69
19909-109,423.62
199010-112,688.62
199011-117,857.20
199012-117,049.68
19911-130,635.37
19912-134,612.72
19913-137,653.39
19914-137,407.16
19915-137,883.98
19916-138,960.14
19917-142,682.79
19918-142,250.32
19919-142,508.71
199110-142,531.22
199111-143,864.09
199112-154,449.64
19921-153,521.64
19922-151,967.42
19923-152,369.08
19924-155,520.60
19925-153,453.54
19926-156,387.78
19927-157,860.51
19928-158,457.52
19929-156,584.47
199210-160,901.35
199211-166,164.75
199212-166,402.19
19931-169,271.38
19932-172,910.97
19933-170,590.94
19934-171,827.26
19935-173,313.88
19936-173,419.61
19937-176,476.07
19938-178,867.27
19939-181,088.63
199310-181,102.30
199311-182,709.00
199312-185,880.61
19941-185,739.89
19942-183,095.30
19943-176,968.24
19944-178,840.99
19945-180,822.71
19946-179,884.47
19947-185,428.65
19948-186,944.46
19949-186,114.42
199410-185,426.01
199411-183,524.08
199412-188,022.58
19951-195,203.34
19952-200,196.97
19953-206,634.41
19954-213,552.03
19955-220,339.62
19956-228,156.12
19957-229,326.85
19958-237,852.45
19959-240,023.01
199510-245,683.68
199511-254,010.24
199512-254,423.21
19961-269,445.36
19962-268,904.59
19963-269,434.44
19964-275,779.15
19965-279,305.25
19966-269,595.02
19967-277,887.10
19968-283,510.77
19969-295,189.99
199610-310,103.23
199611-313,818.98
199612-324,041.75
19971-338,173.75
19972-336,064.61
19973-324,620.78
19974-354,543.77
19975-373,465.15
19976-394,886.83
19977-396,260.21
19978-400,983.66
19979-407,581.35
199710-402,885.83
199711-413,500.33
199712-414,480.69
19981-441,016.40
19982-464,447.04
19983-480,264.60
19984-479,199.10
19985-479,757.16
19986-501,191.11
19987-466,253.04
19988-443,413.87
19989-449,137.70
199810-498,427.80
199811-518,883.80
199812-545,075.43
19991-544,711.81
19992-560,636.51
19993-584,463.69
19994-583,886.05
19995-580,314.03
19996-606,558.08
19997-583,664.24
19998-580,173.83
19999-572,791.28
199910-613,493.54
199911-630,724.92
199912-629,974.79
20001-614,363.53
20002-638,575.31
20003-647,672.87
20004-629,286.77
20005-649,194.13
20006-654,714.50
20007-660,866.93
20008-653,731.88
20009-619,644.79
200010-614,857.64
200011-594,443.91
200012-597,148.68
20011-584,392.04
20012-531,329.81
20013-533,713.86
20014-570,429.81
20015-556,804.22
20016-541,991.97
20017-530,903.68
20018-471,191.22
20019-486,194.10
200110-510,762.20
200111-518,250.22
200112-516,707.45
20021-499,383.44
20022-524,079.30
20023-505,660.89
20024-491,399.38
20025-462,303.82
20026-412,566.87
20027-417,265.14
20028-397,412.79
20029-391,979.99
200210-417,950.93
200211-413,624.88
200212-412,704.49
20031-386,230.17
20032-391,281.67
20033-411,964.27
20034-433,848.68
20035-458,596.21
20036-461,328.99
20037-460,561.69
20038-475,120.88
20039-484,755.52
200310-490,623.90
200311-505,655.69
200312-530,609.60
20041-536,375.53
20042-527,980.20
20043-533,091.77
20044-519,421.95
20045-534,265.35
20046-522,304.33
20047-515,056.99
20048-529,389.09
20049-529,932.22
200410-555,230.63
200411-570,374.25
200412-562,678.64
20051-572,138.43
20052-570,676.11
20053-556,928.99
20054-564,368.84
20055-576,676.02
20056-587,101.12
20057-588,921.24
20058-590,568.39
20059-575,070.58
200510-597,852.25
200511-610,670.98
200512-619,628.12
20061-619,525.02
20062-628,732.01
20063-633,751.38
20064-628,766.06
20065-611,752.96
20066-616,157.83
20067-630,278.68
20068-646,232.13
20069-669,599.32
200610-683,002.31
200611-697,675.01
200612-702,508.68
20071-713,721.06
20072-696,064.38
20073-725,161.68
20074-749,757.37
20075-752,343.30
20076-756,666.41
20077-724,878.04
20078-747,166.18
20079-769,518.65
200710-732,533.19
200711-741,603.57
200712-692,396.71
20081-681,567.86
20082-663,665.56
20083-691,830.21
20084-709,559.09
20085-679,427.08
20086-638,128.29
20087-651,596.22
20088-620,009.85
20089-494,807.64
200810-452,227.72
200811-450,639.42
200812-445,702.41
20091-415,829.17
20092-392,179.15
20093-440,502.49
20094-469,839.17
20095-483,318.20
20096-489,493.28
20097-529,243.78
20098-548,562.99
20099-561,745.56
200910-573,510.34
200911-586,275.86
200912-594,231.44
20101-577,007.80
20102-611,299.58
20103-636,289.08
20104-598,860.03
20105-577,639.04
20106-576,720.17
20107-581,700.79
20108-601,310.83
20109-628,835.45
201010-644,499.20
201011-668,434.20
201012-691,576.68
20111-713,367.32
20112-705,431.39
20113-721,098.90
20114-725,852.64
20115-699,267.56
20116-720,956.99
20117-645,972.80
20118-640,874.49
20119-660,221.89
201110-671,888.82
201111-682,335.02
201112-714,968.08
20121-744,729.41
20122-766,206.19
20123-765,913.42
20124-742,239.40
20125-733,685.75
20126-755,117.35
20127-780,698.47
20128-804,284.67
20129-802,538.28
201210-779,766.31
201211-796,730.40
201212-830,740.92
20131-850,122.29
20132-873,266.47
20133-885,961.95
20134-926,488.24
20135-916,132.18
20136-945,947.50
20137-948,336.28
20138-959,644.88
20139-979,965.84
201310-1,017,792.46
201311-1,033,279.82
201312-1,043,279.98
20141-1,041,923.34
20142-1,070,287.30
20143-1,072,446.33
20144-1,088,876.58
20145-1,123,680.54
20146-1,140,488.80
20147-1,135,619.47
20148-1,155,811.17
20149-1,125,221.66
201410-1,189,422.89
201411-1,196,962.50
201412-1,183,675.67
20151-1,217,142.89
20152-1,217,816.74
20153-1,228,514.16
20154-1,240,540.14
20155-1,235,137.58
20156-1,234,154.04
20157-1,204,233.24
20158-1,149,957.30
20159-1,199,602.33
201510-1,234,780.31
201511-1,221,161.05
201512-1,142,767.13
20161-1,136,482.95
20162-1,208,794.27
20163-1,243,018.38
20164-1,239,235.06
20165-1,252,451.38
20166-1,293,750.20
20167-1,309,265.59
20168-1,303,522.22
20169-1,296,926.65
201610-1,312,504.82
201611-1,364,295.78
201612-1,383,909.37
20171-1,419,565.04
20172-1,444,396.88
20173-1,442,172.45
20174-1,466,579.39
20175-1,492,632.12
20176-1,507,377.59
20177-1,511,112.95
20178-1,536,095.63
20179-1,578,104.76
201710-1,603,189.82
201711-1,649,417.58
201712-1,729,610.58
20181-1,679,682.15
20182-1,680,766.86
20183-1,652,799.37
20184-1,685,221.03
20185-1,720,829.24
20186-1,748,031.11
20187-1,790,871.94
20188-1,820,954.07
20189-1,750,865.80
201810-1,714,515.93
201811-1,619,145.78
201812-1,647,248.26
20191-1,743,264.76
20192-1,777,223.94
20193-1,843,393.89
20194-1,815,156.99
20195-1,840,655.39
20196-1,911,103.60
20197-1,851,201.70
20198-1,908,315.49
20199-1,908,502.55
201910-1,993,119.68
201911-2,042,336.18
201912-2,110,680.87
20201-2,113,257.52
20202-1,713,477.62
20203-1,787,476.11
20204-1,892,711.36
20205-2,015,894.16
20206-2,085,975.40
20207-2,208,912.47
20208-2,195,062.53
20209-2,232,949.33
202010-2,321,242.75
202011-2,420,129.56
202012-2,487,779.44
20211-2,549,763.17
20212-2,570,705.85
20213-2,725,500.55
20214-2,746,220.66
20215-2,795,938.87
20216-2,881,723.90
20217-2,944,694.23
20218-2,942,206.00
20219-2,955,509.95
202110-3,095,741.34
202111-3,103,957.55
202112-3,040,265.80
20221-2,952,019.96
20222-2,925,670.71
20223-2,929,131.84
20224-2,698,529.19
20225-2,607,605.35
20226-2,619,722.51
20227-2,788,626.34
20228-2,585,686.73
20229-2,505,758.63
202210-2,638,190.33
202211-2,638,476.24
202212-2,674,793.72
20231-2,758,968.72
20232-2,687,637.59
20233-2,795,041.54
20234-2,815,660.43
20235-2,954,815.62
20236-3,069,345.52
20237-3,034,814.73
20238-3,074,584.35
Click to show 1254 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 1918 to 2023
Start Value
Average monthly close
$7.21
End Value
Average monthly close
$3,960.66
Change in price+54,832.82%
+6.19% / yr
Change incl. dividends+3,729,588.44%
+10.48% / yr
Change incl. dividends, inflation-adjusted+184,730.64%
+7.38% / yr
Final amount, nominal
($100 base)
$3,729,688.44
Final amount, inflation-adjusted
($100 base)
$184,830.64