S&P 500: $100 in 1919 → $2,633,192.86 in 2022

$

Stock market returns since 1919

If you invested $100 in the S&P 500 at the beginning of 1919, you would have about $2,633,192.86 at the end of 2022, assuming you reinvested all dividends. This is a return on investment of 2,633,092.86%, or 10.33% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $2,323,466.69.

This investment result beats inflation during this period for an inflation-adjusted return of about 153,656.08% cumulatively, or 7.35% per year.

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 $2,633,092.86, or 2,633,092.86%. This means by 2022 you would have $2,633,192.86 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 1919 was 17.300 and the CPI in 2022 was 296.276.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 103 years.

Adjusted for inflation, the $2,633,192.86 nominal end value of the original $100 investment would have a real value of roughly $153,656.08 in 1919 dollars. This means the inflation-adjusted return is 153,656.08% as opposed to the original 2,633,092.86%.

For more information on inflation, see our U.S. inflation calculator for 1919.

Full monthly data

The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 1242-month period between 1919 and 2022.

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

YearMonthReturn (%)Amount ($)CPI
191910.98%100.9816.50
191923.64%104.6616.20
191933.90%108.7416.40
191947.47%116.8616.70
191953.19%120.5916.90
191963.75%125.1216.90
19197-6.25%117.3017.40
191982.09%119.7517.70
191995.60%126.4617.80
191910-2.48%123.3218.10
191911-2.45%120.2918.50
191912-0.51%119.6718.90
19201-7.77%110.3719.30
192027.58%118.7419.50
19203-0.30%118.3819.70
19204-5.77%111.5520.30
19205-1.20%110.2120.60
192060.42%110.6820.90
19207-3.37%106.9420.80
192084.12%111.3520.30
192090.67%112.1020.00
192010-4.53%107.0119.90
192011-8.39%98.0419.80
1920125.03%102.9719.40
19211-0.11%102.8619.00
19212-1.96%100.8418.40
192131.04%101.8918.30
192143.63%105.5918.10
19215-7.43%97.7417.70
192160.31%98.0517.60
19217-0.61%97.4517.70
192183.10%100.4717.70
192191.96%102.4317.50
1921105.96%108.5317.50
1921114.09%112.9717.40
1921120.39%113.4117.30
192212.72%116.5016.90
192224.28%121.4816.90
192236.58%129.4716.70
192244.38%135.1516.70
19225-0.47%134.5116.70
192261.19%136.1116.70
192274.24%141.8816.80
192283.07%146.2416.60
192292.67%150.1316.60
192210-4.52%143.3516.70
1922110.25%143.7216.80
1922121.85%146.3816.90
192314.75%153.3316.80
192322.08%156.5116.80
19233-3.04%151.7516.80
19234-4.25%145.2916.90
19235-3.31%140.4916.90
19236-2.84%136.5017.00
192371.04%137.9117.20
192381.16%139.5117.10
19239-0.94%138.2017.20
1923103.54%143.0917.30
1923113.92%148.7017.30
1923123.79%154.3317.30
192410.95%155.8117.30
19242-1.42%153.6017.20
19243-1.79%150.8617.10
192440.17%151.1217.00
192452.42%154.7717.00
192465.16%162.7517.00
192473.93%169.1617.10
19248-0.48%168.3517.00
19249-0.81%166.9917.10
1924106.08%177.1517.20
1924115.87%187.5417.20
1924124.58%196.1417.30
192511.29%198.6717.30
19252-2.19%194.3217.20
19253-0.61%193.1417.30
192543.67%200.2317.20
192552.24%204.7117.30
192563.22%211.3117.50
192571.79%215.0817.70
192582.74%220.9817.70
192593.73%229.2217.70
1925103.53%237.3017.70
1925112.04%242.1318.00
1925121.93%246.8017.90
192610.56%248.1717.90
19262-6.38%232.3317.90
19263-2.35%226.8617.80
192641.15%229.4817.90
192655.22%241.4517.80
192664.66%252.6917.70
192674.39%263.7917.50
192681.94%268.9217.40
19269-1.83%263.9917.50
1926101.74%268.5717.60
1926112.71%275.8417.70
192612-0.24%275.1717.70
192712.37%281.7117.50
192721.97%287.2517.40
192732.88%295.5117.30
192743.87%306.9417.30
192751.70%312.1717.40
192762.62%320.3617.60
192775.73%338.7117.30
192786.06%359.2417.20
19279-1.17%355.0517.30
1927102.66%364.4817.40
1927112.72%374.3917.30
1927120.77%377.2717.30
19281-0.83%374.1417.30
192825.75%395.6417.10
192836.66%422.0017.10
192843.44%436.4917.10
19285-4.57%416.5717.20
192861.09%421.1117.10
192873.59%436.2317.10
192887.37%468.4017.10
192892.36%479.4517.30
1928107.08%513.4017.20
1928110.70%516.9717.20
1928127.69%556.7417.10
192910.81%561.2517.10
192922.05%572.7617.10
19293-0.30%571.0417.00
192941.80%581.3016.90
192952.20%594.1017.00
192969.20%648.7517.10
192975.96%687.4017.30
192984.24%716.5817.30
19299-10.32%642.5917.30
192910-26.19%474.2917.30
1929114.37%495.0317.30
1929121.83%504.0717.20
193016.64%537.5317.10
193024.12%559.6917.00
193036.69%597.1216.90
19304-5.65%563.3717.00
19305-9.77%508.3316.90
19306-1.76%499.3916.80
19307-0.90%494.9116.60
193080.34%496.6116.50
19309-13.37%430.2116.60
193010-6.80%400.9616.50
193011-6.19%376.1516.40
1930123.56%389.5216.10
193118.14%421.2315.90
193122.38%431.2515.70
19313-9.08%392.1015.60
19314-9.16%356.1815.50
19315-2.68%346.6415.30
193163.86%360.0115.10
19317-2.49%351.0615.10
19318-14.37%300.6215.10
19319-12.75%262.2915.00
1931102.05%267.6814.90
193111-18.10%219.2314.70
193112-0.85%217.3714.60
19321-0.05%217.2714.30
193221.14%219.7514.10
19323-23.22%168.7114.00
19324-11.31%149.6213.90
19325-12.39%131.0813.70
193266.18%139.1913.60
1932751.35%210.6713.60
1932810.37%232.5013.50
19329-13.22%201.7713.40
193210-0.34%201.1013.30
193211-2.64%195.7913.20
1932124.57%204.7413.10
19331-11.27%181.6712.90
193320.33%182.2812.70
1933311.24%202.7712.60
1933429.32%262.2212.60
1933517.58%308.3212.60
193368.46%334.4112.70
19337-4.64%318.8913.10
19338-0.48%317.3413.20
19339-9.38%287.5913.20
1933102.80%295.6413.20
1933112.32%302.5113.20
1933126.08%320.9113.20
193417.75%345.7813.20
19342-4.80%329.1913.30
193432.02%335.8413.30
19344-9.83%302.8413.30
193451.70%307.9913.30
19346-4.36%294.5813.40
19347-3.51%284.2213.40
19348-2.01%278.5213.40
193491.21%281.8813.60
1934103.21%290.9313.50
1934111.06%294.0113.50
1934120.40%295.2013.40
19351-2.62%287.4713.60
19352-5.93%270.4313.70
193537.94%291.8913.70
193548.27%316.0213.80
193554.17%329.2113.80
193565.60%347.6413.70
193577.10%372.3413.70
193582.43%381.4013.70
193592.99%392.7913.70
1935109.71%430.9313.70
1935110.29%432.2013.80
1935125.82%457.3613.80
193616.03%484.9413.80
193622.41%496.6413.80
193630.41%498.7013.70
19364-5.02%473.6713.70
193654.57%495.3313.70
193666.23%526.2113.80
193672.30%538.3013.90
193681.44%546.0714.00
193695.55%576.3814.00
1936103.10%594.2614.00
193611-1.40%585.9414.00
1936123.46%606.2014.00
193713.30%626.2214.10
193720.23%627.6614.10
19373-5.62%592.3614.20
19374-4.09%568.1614.30
19375-3.34%549.1914.40
193766.39%584.3014.40
193771.44%592.7014.50
19378-13.76%511.1314.50
19379-14.10%439.0714.60
193710-8.27%402.7814.60
193711-1.02%398.6714.50
1937123.24%411.5814.40
19381-1.80%404.1614.20
19382-6.02%379.8314.10
19383-3.44%366.7514.10
193841.56%372.4614.20
193852.93%383.3914.10
1938620.49%461.9314.10
193871.06%466.8114.10
19388-4.08%447.7514.10
1938911.62%499.7614.10
1938100.47%502.0914.00
193811-2.55%489.2914.00
193812-1.16%483.6014.00
19391-0.46%481.3814.00
193920.27%482.6713.90
19393-12.24%423.5813.90
193944.10%440.9313.80
193952.17%450.5113.80
193962.84%463.2913.80
19397-1.07%458.3413.80
1939811.06%509.0213.80
193991.38%516.0614.10
193910-1.41%508.7914.00
193911-1.97%498.7514.00
193912-0.15%498.0114.00
19401-0.23%496.8813.90
19402-0.15%496.1514.00
194031.42%503.2014.00
19404-13.34%436.0714.00
19405-8.09%400.7714.00
194063.87%416.2814.10
194072.65%427.3114.00
194084.76%447.6414.00
194091.47%454.2014.00
1940102.85%467.1414.00
194011-3.59%450.3714.00
1940120.72%453.6214.10
19411-5.72%427.6514.10
194121.18%432.6814.10
19413-2.55%421.6714.20
19414-1.59%414.9714.30
194154.11%432.0114.40
194165.71%456.6914.70
194170.08%457.0414.70
194180.86%460.9814.90
19419-3.43%445.1515.10
194110-4.08%426.9715.30
194111-5.88%401.8615.40
1941122.62%412.3715.50
19421-2.48%402.1515.70
19422-4.76%383.0015.80
19423-3.45%369.7716.00
194241.87%376.6916.10
194255.75%398.3416.30
194264.38%415.7916.30
194270.05%415.9816.40
194281.66%422.8916.50
194297.97%456.5916.50
1942102.15%466.4316.70
1942111.06%471.3616.80
1942126.50%502.0116.90
194316.43%534.3116.90
194324.01%555.7616.90
194333.79%576.8117.20
194344.36%601.9717.40
194352.18%615.1017.50
194362.47%630.3017.50
19437-4.54%601.6917.40
194382.55%617.0617.30
19439-0.50%613.9717.40
194310-4.21%588.1417.40
1943111.77%598.5517.40
1943123.67%620.4917.40
19441-0.24%618.9817.40
194423.24%639.0417.40
19443-1.31%630.6817.40
194442.20%644.5717.50
194455.14%677.7217.50
194463.02%698.1817.60
19447-1.06%690.8117.70
19448-1.23%682.3417.70
194492.88%702.0217.70
194410-0.28%700.0317.70
1944112.60%718.2317.70
1944123.38%742.5317.80
194513.73%770.2517.80
194520.31%772.6817.80
194532.90%795.1017.80
194544.16%828.1817.80
194552.19%846.3017.90
19456-1.70%831.9518.10
194570.71%837.8318.10
194587.18%897.9818.10
194594.51%938.5118.10
1945103.61%972.3618.10
1945112.02%992.0418.10
1945124.30%1,034.6918.20
194610.59%1,040.7518.20
19462-2.68%1,012.8818.10
194636.77%1,081.4518.30
194640.52%1,087.0518.40
19465-0.34%1,083.3718.50
19466-2.55%1,055.7718.70
19467-1.62%1,038.6319.80
19468-14.42%888.8320.20
19469-1.87%872.1920.40
194610-0.01%872.0820.80
1946113.39%901.6821.30
1946120.92%909.9721.50
194714.27%948.8221.50
19472-3.67%913.9821.50
19473-3.30%883.8321.90
19474-1.36%871.7921.90
194753.92%905.9721.90
194766.69%966.6222.00
19477-1.56%951.5522.20
19478-2.17%930.9322.50
194793.03%959.1123.00
194710-0.73%952.1023.00
194711-1.12%941.4223.10
194712-0.86%933.2823.40
19481-4.45%891.7623.70
194821.92%908.8723.50
194838.19%983.2823.40
194845.33%1,035.6923.80
194854.59%1,083.2023.90
19486-1.96%1,062.0124.10
19487-2.49%1,035.5824.40
19488-0.68%1,028.5624.50
194893.19%1,061.3524.50
194810-5.10%1,007.2124.40
194811-0.16%1,005.6224.20
1948121.63%1,022.0124.10
19491-3.33%988.0024.00
194921.49%1,002.7323.80
194930.41%1,006.8823.80
19494-0.18%1,005.0423.90
19495-4.91%955.6723.80
194966.26%1,015.5223.90
194974.17%1,057.8723.70
194981.87%1,077.6723.80
194993.14%1,111.5323.90
1949101.95%1,133.1723.70
1949113.24%1,169.9123.80
1949122.63%1,200.6823.60
195012.52%1,230.9623.50
195021.38%1,247.8923.50
195033.39%1,290.1523.60
195043.91%1,340.6523.60
195052.16%1,369.6723.70
19506-6.72%1,277.5823.80
195076.64%1,362.3824.10
195084.11%1,418.3624.30
195094.72%1,485.3224.40
1950100.38%1,490.9124.60
1950110.19%1,493.8124.70
1950128.01%1,613.5025.00
195114.31%1,683.0325.40
19512-1.11%1,664.3025.70
195131.93%1,696.3625.80
195140.63%1,707.0325.80
19515-1.15%1,687.4825.90
195162.37%1,727.4225.90
195174.97%1,813.1925.90
195183.14%1,870.0425.90
195190.03%1,870.5826.10
195110-2.25%1,828.4226.20
1951113.61%1,894.4926.40
1951123.83%1,967.1226.50
19521-1.33%1,940.9226.50
195220.75%1,955.4726.30
195230.20%1,959.4426.30
195240.46%1,968.4526.40
195253.24%2,032.3226.40
195263.37%2,100.7526.50
195270.88%2,119.2426.70
19528-1.11%2,095.7526.70
19529-1.61%2,061.9926.70
1952103.67%2,137.6126.70
1952114.51%2,234.0026.70
1952120.99%2,256.0926.70
19531-0.77%2,238.6426.60
195320.96%2,260.0626.50
19533-4.47%2,158.9726.60
195341.00%2,180.6226.60
19535-3.11%2,112.8626.70
195361.91%2,153.2926.80
195370.90%2,172.6426.80
19538-4.11%2,083.4226.90
195393.52%2,156.6826.90
1953102.71%2,215.0927.00
1953111.84%2,255.7826.90
1953123.02%2,323.9926.90
195412.68%2,386.1926.90
195422.58%2,447.8126.90
195434.45%2,556.7526.90
195444.42%2,669.8226.80
195451.22%2,702.4826.90
195464.46%2,822.9326.90
195472.39%2,890.5226.90
195482.74%2,969.7226.90
195492.71%3,050.2126.80
1954104.30%3,181.4426.80
1954114.95%3,339.0326.80
1954122.17%3,411.4326.70
195513.70%3,537.8226.70
19552-0.44%3,522.3826.70
195533.81%3,656.5226.70
19554-0.08%3,653.6426.70
195556.15%3,878.1626.70
195567.64%4,174.6126.70
19557-0.30%4,162.1226.80
195584.82%4,362.5826.80
19559-4.72%4,156.4626.90
1955107.07%4,450.1626.90
1955111.24%4,505.2226.90
195512-2.39%4,397.6426.80
195610.95%4,439.3926.80
195627.21%4,759.3026.80
195631.48%4,829.8726.80
19564-2.84%4,692.7726.90
19565-0.26%4,680.4827.00
195665.75%4,949.5527.20
19567-0.28%4,935.4627.40
19568-3.09%4,783.0127.30
19569-0.95%4,737.4027.40
195610-0.71%4,703.6527.50
1956111.81%4,788.7427.50
195612-1.86%4,699.5427.60
19571-4.00%4,511.7627.60
195721.62%4,584.8727.70
195732.64%4,706.1027.80
195744.16%4,901.8827.90
195751.95%4,997.6728.00
195762.32%5,113.7228.10
19577-5.21%4,847.5528.30
19578-3.74%4,666.2828.30
19579-5.90%4,391.1228.30
195710-1.80%4,312.0628.30
1957110.32%4,325.7828.40
1957122.33%4,426.5128.40
195810.70%4,457.5828.60
195822.42%4,565.4128.60
195830.90%4,606.3428.80
195843.56%4,770.2228.90
195852.74%4,900.7028.90
195863.07%5,051.1828.90
195874.05%5,255.9729.00
195882.94%5,410.7028.90
195894.36%5,646.5528.90
1958103.33%5,834.3728.90
1958112.16%5,960.5329.00
1958124.25%6,214.1328.90
19591-1.27%6,135.5229.00
195922.81%6,307.7028.90
195931.94%6,429.8428.90
195941.77%6,543.3629.00
19595-0.61%6,503.6929.00
195964.23%6,778.6329.10
19597-0.32%6,757.0429.20
19598-3.70%6,506.8129.20
195990.18%6,518.3129.30
1959100.67%6,561.9329.40
1959113.46%6,789.1829.40
195912-1.49%6,688.3029.40
19601-3.61%6,446.9129.30
19602-1.08%6,377.4029.40
196031.58%6,478.4429.40
19604-0.62%6,437.9729.50
196053.99%6,694.7329.50
19606-2.20%6,547.7029.60
196071.49%6,645.3229.60
19608-2.72%6,464.5229.60
19609-1.67%6,356.3029.60
1960103.54%6,581.3729.80
1960112.69%6,758.4529.80
1960125.43%7,125.2329.80
196114.37%7,436.8929.80
196123.40%7,689.5329.80
196132.92%7,913.9929.80
196141.26%8,013.9729.80
19615-1.08%7,927.4029.80
19616-0.03%7,925.1929.80
196173.84%8,229.4330.00
19618-0.54%8,184.8529.90
196191.34%8,294.7830.00
1961104.77%8,690.6130.00
1961111.16%8,791.6830.00
196112-3.49%8,485.1130.00
196211.91%8,647.1330.00
196220.34%8,676.6230.10
19623-2.94%8,421.0930.10
19624-7.19%7,816.0330.20
19625-11.41%6,924.0130.20
196262.72%7,112.1630.20
196273.02%7,327.1630.30
19628-0.59%7,283.6930.30
19629-2.86%7,075.6430.40
1962107.20%7,585.1530.40
1962114.62%7,935.8730.40
1962124.15%8,264.9530.40
196311.60%8,396.8230.40
19632-0.11%8,387.7230.40
196334.98%8,805.2830.50
196342.27%9,005.1230.50
196350.22%9,024.6330.50
19636-1.22%8,914.3630.60
196373.03%9,184.5630.70
196382.89%9,450.3330.70
196390.50%9,497.5730.70
196310-0.31%9,468.4530.80
1963112.39%9,695.0730.80
1963123.33%10,017.9330.90
196411.48%10,166.1930.90
196422.07%10,376.7330.90
196431.69%10,552.4230.90
196441.22%10,681.2030.90
19645-0.35%10,643.7430.90
196463.96%11,065.3531.00
19647-1.23%10,929.7231.10
196481.97%11,144.5431.00
196491.97%11,364.1131.10
1964100.94%11,470.5831.10
196411-1.49%11,299.6331.20
1964122.82%11,618.3731.20
196510.98%11,731.6631.20
196520.34%11,771.0331.20
196531.56%11,954.3831.30
196541.73%12,161.5031.40
19655-4.51%11,613.3431.40
196560.10%11,625.2931.60
196572.12%11,871.5831.60
196583.60%12,298.4931.60
196592.50%12,605.5731.60
1965101.08%12,741.2031.70
196511-0.21%12,714.2431.70
1965121.98%12,966.0431.80
19661-0.43%12,910.2331.80
19662-3.86%12,411.5932.00
196633.32%12,823.7832.10
19664-5.01%12,181.6132.30
19665-0.56%12,113.4632.30
196660.02%12,115.6832.40
19667-5.77%11,416.6832.50
19668-3.22%11,048.5132.70
19669-0.56%10,986.1532.70
1966105.32%11,570.1832.90
1966110.72%11,653.0032.90
1966124.13%12,134.3032.90
196713.73%12,586.9132.90
196722.63%12,918.4232.90
196731.99%13,175.8133.00
196742.06%13,446.9333.10
19675-0.99%13,313.5633.20
196761.99%13,578.8233.30
196771.85%13,830.2533.40
196781.65%14,058.9933.50
196790.10%14,072.6933.60
196710-2.88%13,667.1533.70
1967113.11%14,092.4333.80
196712-0.02%14,089.9733.90
19681-4.26%13,490.1634.10
19682-1.56%13,279.8234.20
196837.66%14,297.2834.30
196842.56%14,662.9734.40
196852.94%15,094.1634.50
196860.05%15,101.5434.70
19687-1.93%14,809.4934.90
196883.51%15,328.9635.00
196892.72%15,745.4835.10
1968101.79%16,026.6535.30
1968111.29%16,232.6435.40
196812-3.99%15,585.7535.50
19691-0.24%15,548.5735.60
19692-1.91%15,251.0035.80
196932.27%15,597.8536.10
196943.51%16,145.8836.30
19695-4.97%15,343.2136.40
19696-4.21%14,697.9836.60
19697-0.28%14,656.3036.80
196980.63%14,748.4137.00
196991.35%14,946.9937.10
1969101.00%15,096.0837.30
196911-5.03%14,337.1337.50
196912-0.59%14,252.6837.70
19701-3.20%13,797.1537.80
197022.01%14,074.7838.00
19703-2.75%13,688.0538.20
19704-11.20%12,155.1238.50
19705-0.27%12,122.3238.60
197060.52%12,185.6638.80
197073.26%12,582.4039.00
197086.32%13,377.7739.00
197092.49%13,710.8139.20
1970100.21%13,739.1639.40
1970117.16%14,722.6639.60
1970124.11%15,327.8639.80
197114.15%15,964.1339.80
197122.83%16,416.2139.90
197133.67%17,019.3240.00
19714-1.11%16,830.7740.10
19715-1.60%16,562.1740.30
19716-0.46%16,485.4940.60
19717-1.52%16,235.3940.70
197182.49%16,639.0740.80
19719-1.86%16,328.9740.80
197110-4.37%15,615.1440.90
1971117.16%16,733.7540.90
1971124.42%17,473.8141.10
197212.09%17,838.4841.10
197222.62%18,305.7841.30
197231.26%18,536.2341.40
19724-0.78%18,392.4141.50
197250.52%18,487.3341.60
19726-0.50%18,394.1841.70
197273.78%19,090.1641.90
19728-1.21%18,859.0842.00
197290.42%18,937.8042.10
1972105.25%19,932.8442.30
1972112.31%20,393.5942.40
1972120.99%20,595.3542.50
19731-3.33%19,910.5342.60
19732-1.35%19,642.6742.90
19733-1.63%19,321.8443.30
19734-2.57%18,825.3243.60
19735-1.99%18,450.7343.90
197361.21%18,674.0344.20
19737-1.64%18,368.6344.30
197382.00%18,735.1445.10
197394.24%19,528.6345.20
197310-6.85%18,190.3645.60
197311-6.81%16,952.4645.90
1973121.70%17,240.7246.20
19741-2.47%16,814.3846.60
197424.57%17,583.5847.20
19743-4.82%16,736.6447.80
19744-2.71%16,283.8048.00
197450.46%16,358.2648.60
19746-11.35%14,502.1149.00
19747-3.76%13,956.1449.40
19748-10.01%12,558.6350.00
197492.38%12,857.1450.60
1974103.74%13,338.4451.10
197411-6.09%12,525.8851.50
1974128.63%13,607.2251.90
1975110.81%15,077.8252.10
197524.97%15,827.7452.50
197531.49%16,063.1052.70
197546.71%17,141.3652.90
197552.89%17,637.5353.20
197560.43%17,713.7353.60
19757-7.00%16,474.4354.20
19758-0.85%16,333.9654.30
197594.97%17,145.9654.60
1975102.04%17,496.0354.90
197511-1.18%17,289.6455.30
1975129.55%18,939.9855.50
197614.18%19,731.3255.60
197620.80%19,889.6555.80
197631.10%20,107.5355.90
19764-0.38%20,030.4656.10
197650.90%20,210.8556.50
197662.67%20,749.5556.80
19767-0.56%20,633.2257.10
197682.44%21,136.2357.40
19769-3.11%20,479.2757.60
197610-0.37%20,404.1957.90
1976113.79%21,176.7958.00
197612-0.54%21,063.0258.20
19771-2.37%20,564.1258.50
19772-0.05%20,552.9859.10
19773-1.19%20,307.6459.50
197740.06%20,320.7460.00
197750.90%20,503.5860.30
197761.28%20,766.5360.70
19777-2.08%20,334.8761.00
19778-1.18%20,095.8761.20
19779-2.20%19,654.1961.40
1977100.98%19,847.0361.60
197711-0.08%19,831.1261.90
197712-3.39%19,158.7762.10
19781-0.97%18,972.5562.50
197820.27%19,022.9662.90
197834.83%19,941.7663.40
197845.50%21,039.4263.90
197850.67%21,181.1364.50
19786-0.06%21,167.9465.20
197877.33%22,719.1665.70
197880.40%22,809.9666.00
19789-2.77%22,177.3366.50
197810-5.44%20,971.4067.10
1978111.92%21,374.6567.40
1978124.19%22,269.2467.70
19791-1.06%22,033.8768.30
197922.34%22,549.7169.10
197932.43%23,097.8869.80
19794-1.89%22,660.6370.60
197952.42%23,208.4871.50
197961.42%23,538.2472.30
197975.01%24,718.5273.10
197981.54%25,099.3073.80
19799-3.35%24,257.8474.60
197910-0.32%24,179.6375.20
1979114.40%25,244.5075.90
1979123.31%26,080.7176.70
198014.40%27,227.1877.80
19802-8.78%24,837.2278.90
19803-1.16%24,548.6080.10
198045.04%25,784.9181.00
198056.86%27,554.4481.80
198064.97%28,923.7582.70
198073.50%29,937.4382.70
198082.84%30,786.4083.30
198093.32%31,809.9884.00
1980104.61%33,277.9184.80
198011-1.24%32,863.6885.50
1980120.01%32,866.9686.30
19811-3.07%31,857.8987.00
198124.14%33,177.8587.90
198131.29%33,607.1188.50
19814-1.62%33,063.5989.10
198150.86%33,347.1489.80
19816-2.02%32,674.7890.60
198170.80%32,937.0191.60
19818-8.30%30,202.3692.30
198191.73%30,724.0393.20
1981103.04%31,659.1893.40
1981111.18%32,032.5693.70
198112-4.80%30,493.6894.00
19821-1.91%29,910.0694.30
19822-2.74%29,089.1794.60
198235.47%30,680.1594.50
198240.57%30,854.9194.90
19825-5.27%29,228.6795.80
198260.24%29,299.9497.00
198270.79%29,532.5897.50
1982812.10%33,104.9597.70
198298.88%36,045.1397.90
1982104.50%37,667.1398.20
1982111.36%38,177.7198.00
1982123.93%39,676.4797.60
198312.13%40,521.5997.80
198323.87%42,088.0097.90
198334.20%43,854.5997.90
198344.42%45,794.7298.60
198351.75%46,597.7499.20
198360.71%46,927.7199.50
19837-2.41%45,798.0799.90
198383.31%47,315.75100.20
198390.65%47,622.32100.70
198310-1.14%47,078.74101.00
198311-0.13%47,018.42101.20
1983121.58%47,759.40101.30
19841-5.11%45,317.86101.90
198420.44%45,518.32102.40
198430.51%45,749.19102.60
19844-0.25%45,633.64103.10
19845-1.85%44,790.19103.40
19846-0.91%44,383.30103.70
198479.21%48,469.47104.10
198481.41%49,151.42104.50
19849-0.41%48,948.72105.00
1984101.29%49,578.16105.30
198411-0.71%49,227.36105.30
1984124.70%51,539.85105.30
198515.79%54,522.65105.50
19852-0.48%54,261.86106.00
198531.02%54,817.88106.40
198542.74%56,317.50106.90
198552.51%57,731.61107.30
198562.25%59,028.97107.60
19857-1.85%57,939.70107.80
19858-1.88%56,847.54108.00
198591.50%57,697.73108.30
1985106.42%61,402.23108.70
1985115.29%64,653.18109.00
1985120.75%65,139.19109.30
198615.70%68,850.33109.60
198626.18%73,107.19109.30
198632.74%75,111.37108.80
198640.49%75,480.79108.60
198653.13%77,845.79108.90
19866-1.80%76,441.52109.50
198672.28%78,185.04109.50
19868-2.46%76,264.63109.70
19869-0.09%76,196.09110.20
1986103.53%78,888.05110.30
1986111.71%80,236.20110.40
1986126.67%85,590.66110.50
198716.46%91,121.43111.20
198724.38%95,109.27111.60
19873-0.86%94,294.75112.10
198740.17%94,457.72112.70
198754.50%98,706.85113.10
198763.12%101,788.57113.50
198776.45%108,358.02113.80
19878-3.03%105,074.31114.40
19879-11.85%92,618.92115.00
198710-12.30%81,223.63115.30
198711-1.33%80,139.54115.40
1987124.25%83,542.70115.40
198813.33%86,323.47115.70
198823.23%89,113.50116.00
19883-0.89%88,323.93116.50
19884-2.19%86,391.17117.10
198856.00%91,573.08117.50
19886-0.31%91,292.03118.00
19887-1.72%89,723.19118.50
198881.93%91,452.31119.00
198893.80%94,928.97119.80
198810-2.02%93,011.17120.20
1988112.33%95,174.57120.30
1988123.51%98,517.72120.50
198913.30%101,768.66121.10
19892-0.16%101,604.15121.60
198933.56%105,226.13122.30
198944.12%109,556.50123.10
198953.39%113,273.34123.80
198962.80%116,445.19124.10
198974.69%121,907.35124.40
198980.46%122,462.68124.60
198990.29%122,813.24125.00
198910-1.81%120,585.96125.60
1989112.74%123,886.04125.90
198912-2.21%121,146.64126.10
19901-2.53%118,085.04127.40
199022.71%121,281.80128.00
199030.20%121,519.50128.70
199043.85%126,199.12128.90
199053.17%130,199.58129.20
199060.17%130,420.56129.90
19907-7.86%120,167.90130.40
19908-4.34%114,951.34131.60
19909-2.32%112,289.33132.70
1990102.98%115,639.84133.50
1990114.59%120,943.78133.80
199012-0.69%120,115.11133.80
1991111.61%134,056.60134.60
199123.04%138,138.12134.80
199132.26%141,258.42135.00
19914-0.18%141,005.74135.20
199150.35%141,495.04135.60
199160.78%142,599.39136.00
199172.68%146,419.54136.20
19918-0.30%145,975.74136.60
199190.18%146,240.90137.20
1991100.02%146,264.00137.40
1991110.94%147,631.77137.80
1991127.36%158,494.55137.90
19921-0.60%157,542.24138.10
19922-1.01%155,947.32138.60
199230.26%156,359.49139.30
199242.07%159,593.56139.50
19925-1.33%157,472.36139.70
199261.91%160,483.44140.20
199270.94%161,994.75140.50
199280.38%162,607.39140.90
19929-1.18%160,685.28141.30
1992102.76%165,115.22141.80
1992113.27%170,516.47142.00
1992120.14%170,760.13141.90
199311.72%173,704.45142.60
199322.15%177,439.36143.10
19933-1.34%175,058.58143.60
199340.72%176,327.27144.00
199350.87%177,852.82144.20
199360.06%177,961.32144.40
199371.76%181,097.83144.40
199381.35%183,551.65144.80
199391.24%185,831.19145.10
1993100.01%185,845.21145.70
1993110.89%187,494.00145.80
1993121.74%190,748.67145.80
19941-0.08%190,604.27146.20
19942-1.42%187,890.41146.70
19943-3.35%181,602.89147.20
199441.06%183,524.69147.40
199451.11%185,558.31147.50
19946-0.52%184,595.49148.00
199473.08%190,284.87148.40
199480.82%191,840.38149.00
19949-0.44%190,988.60149.40
199410-0.37%190,282.16149.50
199411-1.03%188,330.43149.70
1994122.45%192,946.73149.70
199513.82%200,315.55150.30
199522.56%205,439.96150.90
199533.22%212,045.99151.40
199543.35%219,144.79151.90
199553.18%226,110.13152.20
199563.55%234,131.34152.50
199570.51%235,332.73152.50
199583.72%244,081.61152.90
199590.91%246,309.02153.20
1995102.36%252,117.93153.70
1995113.39%260,662.56153.60
1995120.16%261,086.34153.50
199615.90%276,501.91154.40
19962-0.20%275,946.98154.90
199630.20%276,490.71155.70
199642.35%283,001.58156.30
199651.28%286,620.02156.60
19966-3.48%276,655.49156.70
199673.08%285,164.73157.00
199682.02%290,935.68157.30
199694.12%302,920.77157.80
1996105.05%318,224.58158.30
1996111.20%322,037.63158.60
1996123.26%332,528.14158.60
199714.36%347,030.24159.10
19972-0.62%344,865.86159.60
19973-3.41%333,122.33160.00
199749.22%363,828.98160.20
199755.34%383,245.90160.10
199765.74%405,228.59160.30
199770.35%406,637.93160.50
199781.19%411,485.09160.80
199791.65%418,255.56161.20
199710-1.15%413,437.08161.60
1997112.63%424,329.56161.50
1997120.24%425,335.60161.30
199816.40%452,566.26161.60
199825.31%476,610.52161.90
199833.41%492,842.33162.20
19984-0.22%491,748.92162.50
199850.12%492,321.60162.80
199864.47%514,316.88163.00
19987-6.97%478,463.82163.20
19988-4.90%455,026.51163.40
199891.29%460,900.25163.60
19981010.97%511,481.21164.00
1998114.10%532,472.94164.00
1998125.05%559,350.50163.90
19991-0.07%558,977.36164.30
199922.92%575,319.12164.50
199934.25%599,770.31165.00
19994-0.10%599,177.54166.20
19995-0.61%595,511.97166.20
199964.52%622,443.33166.20
19997-3.77%598,949.92166.70
19998-0.60%595,368.10167.10
19999-1.27%587,792.21167.90
1999107.11%629,560.43168.20
1999112.81%647,243.09168.30
199912-0.12%646,473.30168.30
20001-2.48%630,453.20168.80
200023.94%655,299.06169.80
200031.42%664,634.88171.20
20004-2.84%645,767.27171.30
200053.16%666,195.99171.50
200060.85%671,860.93172.40
200070.94%678,174.49172.80
20008-1.08%670,852.57172.80
20009-5.21%635,872.78173.70
200010-0.77%630,960.25174.00
200011-3.32%610,011.91174.10
2000120.46%612,787.51174.00
20011-2.14%599,696.79175.10
20012-9.08%545,244.90175.80
200130.45%547,691.38176.20
200146.88%585,368.89176.90
20015-2.39%571,386.47177.70
20016-2.66%556,186.29178.00
20017-2.05%544,807.61177.50
20018-11.25%483,531.33177.50
200193.18%498,927.12178.30
2001105.05%524,138.63177.70
2001111.47%531,822.77177.40
200112-0.30%530,239.59176.70
20021-3.35%512,461.88177.10
200224.95%537,804.50177.80
20023-3.51%518,903.73178.80
20024-2.82%504,268.72179.80
20025-5.92%474,411.18179.80
20026-10.76%423,371.65179.90
200271.14%428,192.97180.10
20028-4.76%407,820.70180.70
20029-1.37%402,245.62181.00
2002106.63%428,896.71181.30
200211-1.04%424,457.37181.30
200212-0.22%423,512.88180.90
20031-6.41%396,345.22181.70
200321.31%401,529.01183.10
200335.29%422,753.27184.20
200345.31%445,210.82183.80
200355.70%470,606.47183.50
200360.60%473,410.81183.70
20037-0.17%472,623.42183.90
200383.16%487,563.90184.60
200392.03%497,450.86185.20
2003101.21%503,472.93185.00
2003113.06%518,898.39184.50
2003124.93%544,505.82184.30
200411.09%550,422.76185.20
20042-1.57%541,807.56186.20
200430.97%547,053.00187.40
20044-2.56%533,025.18188.00
200452.86%548,257.32189.10
20046-2.24%535,983.04189.70
20047-1.39%528,545.90189.40
200482.78%543,253.35189.50
200490.10%543,810.70189.90
2004104.77%569,771.66190.90
2004112.73%585,311.88191.00
200412-1.35%577,414.73190.30
200511.68%587,122.26190.70
20052-0.26%585,621.65191.80
20053-2.41%571,514.50193.30
200541.34%579,149.19194.60
200552.18%591,778.69194.40
200561.81%602,476.81194.50
200570.31%604,344.60195.40
200580.28%606,034.89196.40
20059-2.62%590,131.20198.80
2005103.96%613,509.50199.20
2005112.14%626,663.95197.60
2005121.47%635,855.67196.80
20061-0.02%635,749.86198.30
200621.49%645,197.98198.70
200630.80%650,348.80199.80
20064-0.79%645,232.92201.50
20065-2.71%627,774.26202.50
200660.72%632,294.49202.90
200672.29%646,785.15203.50
200682.53%663,156.41203.90
200693.62%687,135.57202.90
2006102.00%700,889.57201.80
2006112.15%715,946.53201.50
2006120.69%720,906.80201.80
200711.60%732,412.82202.42
20072-2.47%714,293.73203.50
200734.18%744,153.06205.35
200743.39%769,392.89206.69
200750.34%772,046.54207.95
200760.57%776,482.87208.35
20077-4.20%743,861.99208.30
200783.07%766,733.84207.92
200792.99%789,671.70208.49
200710-4.81%751,717.63208.94
2007111.24%761,025.55210.18
200712-6.64%710,530.01210.04
20081-1.56%699,417.56211.08
20082-2.63%681,046.41211.69
200834.24%709,948.67213.53
200842.56%728,141.85214.82
20085-4.25%697,220.71216.63
20086-6.08%654,840.35218.82
200872.11%668,660.98219.96
20088-4.85%636,247.40219.09
20089-20.19%507,766.24218.78
200810-8.61%464,071.19216.57
200811-0.35%462,441.29212.43
200812-1.10%457,374.98210.23
20091-6.70%426,719.39211.14
20092-5.69%402,450.00212.19
2009312.32%452,038.88212.71
200946.66%482,143.87213.24
200952.87%495,975.90213.86
200961.28%502,312.70215.69
200978.12%543,104.23215.35
200983.65%562,929.40215.83
200992.40%576,457.21215.97
2009102.09%588,530.10216.18
2009112.23%601,629.94216.33
2009121.36%609,793.86215.95
20101-2.90%592,119.15216.69
201025.94%627,309.00216.74
201034.09%652,952.96217.63
20104-5.88%614,543.68218.01
20105-3.54%592,766.93218.18
20106-0.16%591,823.99217.97
201070.86%596,935.06218.01
201083.37%617,058.66218.31
201094.58%645,304.13218.44
2010102.49%661,378.10218.71
2010113.71%685,939.94218.80
2010123.46%709,688.50219.18
201113.15%732,049.82220.22
20112-1.11%723,906.05221.31
201132.22%739,983.88223.47
201140.66%744,862.12224.91
20115-3.66%717,580.79225.96
201163.10%739,838.25225.72
20117-10.40%662,890.29225.92
20118-0.79%657,658.46226.55
201193.02%677,512.55226.89
2011101.77%689,485.03226.42
2011111.55%700,204.80226.23
2011124.78%733,692.50225.67
201214.16%764,233.25226.67
201222.88%786,272.49227.66
20123-0.04%785,972.06229.39
20124-3.09%761,678.04230.09
20125-1.15%752,900.37229.82
201262.92%774,893.25229.48
201273.39%801,144.31229.10
201283.02%825,348.21230.38
20129-0.22%823,556.10231.41
201210-2.84%800,187.74231.32
2012112.18%817,596.11230.22
2012124.27%852,497.33229.60
201312.33%872,386.28230.28
201322.72%896,136.60232.17
201331.45%909,164.56232.77
201344.57%950,752.19232.53
20135-1.12%940,124.92232.95
201363.25%970,721.08233.50
201370.25%973,172.42233.60
201381.19%984,777.18233.88
201392.12%1,005,630.33234.15
2013103.86%1,044,447.60233.55
2013111.52%1,060,340.56233.07
2013120.97%1,070,602.62233.05
20141-0.13%1,069,210.45233.92
201422.72%1,098,317.24234.78
201430.20%1,100,532.81236.29
201441.53%1,117,393.35237.07
201453.20%1,153,108.80237.90
201461.50%1,170,357.25238.34
20147-0.43%1,165,360.40238.25
201481.78%1,186,080.90237.85
20149-2.65%1,154,690.28238.03
2014105.71%1,220,572.89237.43
2014110.63%1,228,309.95236.15
201412-1.11%1,214,675.15234.81
201512.83%1,249,018.85233.71
201520.06%1,249,710.35234.72
201530.88%1,260,687.93236.12
201540.98%1,273,028.85236.60
20155-0.44%1,267,484.81237.81
20156-0.08%1,266,475.51238.64
20157-2.42%1,235,771.11238.65
20158-4.51%1,180,073.73238.32
201594.32%1,231,018.92237.95
2015102.93%1,267,118.18237.84
201511-1.10%1,253,142.25237.34
201512-6.42%1,172,695.26236.53
20161-0.55%1,166,246.50236.92
201626.36%1,240,451.58237.11
201632.83%1,275,572.00238.13
20164-0.30%1,271,689.60239.26
201651.07%1,285,252.04240.23
201663.30%1,327,632.45241.02
201671.20%1,343,554.17240.63
20168-0.44%1,337,660.39240.85
20169-0.51%1,330,892.08241.43
2016101.20%1,346,878.23241.73
2016113.95%1,400,025.56241.35
2016121.44%1,420,152.81241.43
201712.58%1,456,742.27242.84
201721.75%1,482,224.44243.60
20173-0.15%1,479,941.75243.80
201741.69%1,504,987.89244.52
201751.78%1,531,722.91244.73
201760.99%1,546,854.56244.96
201770.25%1,550,687.75244.79
201781.65%1,576,324.70245.52
201792.73%1,619,434.01246.82
2017101.59%1,645,176.03246.66
2017112.88%1,692,614.46246.67
2017124.86%1,774,907.65246.52
20181-2.89%1,723,671.63247.87
201820.06%1,724,784.75248.99
20183-1.66%1,696,084.81249.55
201841.96%1,729,355.57250.55
201852.11%1,765,896.33251.59
201861.58%1,793,810.60251.99
201872.45%1,837,773.39252.01
201881.68%1,868,643.35252.15
20189-3.85%1,796,719.53252.44
201810-2.08%1,759,417.68252.89
201811-5.56%1,661,549.86252.04
2018121.74%1,690,388.32251.23
201915.83%1,788,919.41251.71
201921.95%1,823,767.96252.78
201933.72%1,891,670.84254.20
20194-1.53%1,862,694.45255.55
201951.40%1,888,860.63256.09
201963.83%1,961,153.82256.14
20197-3.13%1,899,683.14256.57
201983.09%1,958,292.69256.56
201990.01%1,958,484.65256.76
2019104.43%2,045,317.83257.35
2019112.47%2,095,823.27257.21
2019123.35%2,165,957.85256.97
202010.12%2,168,601.98257.97
20202-18.92%1,758,352.17258.68
202034.32%1,834,288.62258.12
202045.89%1,942,279.89256.39
202056.51%2,068,688.75256.39
202063.48%2,140,605.37257.80
202075.89%2,266,762.05259.10
20208-0.63%2,252,549.39259.92
202091.73%2,291,428.42260.28
2020103.95%2,382,034.18260.39
2020114.26%2,483,510.75260.23
2020122.80%2,552,932.32260.47
202112.49%2,616,539.36261.58
202120.82%2,638,030.50263.01
202136.02%2,796,879.14264.88
202140.76%2,818,141.90267.05
202151.81%2,869,162.18269.20
202163.07%2,957,193.86271.70
202172.19%3,021,813.33273.00
20218-0.08%3,019,259.94273.57
202190.45%3,032,912.31274.31
2021104.74%3,176,816.23276.59
2021110.27%3,185,247.62277.95
202112-2.05%3,119,887.84278.80
20221-2.90%3,029,330.91281.15
20222-0.89%3,002,291.60283.72
202230.12%3,005,843.37287.50
20224-7.87%2,769,201.43289.11
20225-3.37%2,675,896.37292.30
20226-1.60%2,633,192.86296.31
Click to show 1230 more rows

Dollar-cost averaging

Dollar-cost averaging is an alternative to investing the full lump-sum of $100.00 up-front. Instead, the capital is invested over a period of time.

Consider a strategy in which $100.00 was invested in the S&P 500 over a period of no more than 24 months beginning in 1919. This would result in a final amount of $2,323,466.69, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $2,633,192.86).

YearMonthContribution ($)Amount ($)
191914.164.18
191924.168.61
191934.1613.25
191944.1618.69
191954.1623.55
191964.1628.73
191974.1630.82
191984.1635.69
191994.1642.06
1919104.1645.05
1919114.1647.98
1919124.1651.85
192014.1651.64
192024.1660.01
192034.1663.95
192044.1664.16
192054.1667.48
192064.1671.92
192074.1673.49
192084.1680.83
192094.1685.53
1920104.1685.61
1920114.1682.21
1920124.3290.86
19211-90.76
19212-88.98
19213-89.91
19214-93.17
19215-86.25
19216-86.52
19217-85.99
19218-88.65
19219-90.38
192110-95.77
192111-99.68
192112-100.07
19221-102.79
19222-107.19
19223-114.24
19224-119.25
19225-118.69
19226-120.10
19227-125.19
19228-129.04
19229-132.48
192210-126.49
192211-126.81
192212-129.16
19231-135.29
19232-138.10
19233-133.90
19234-128.20
19235-123.96
19236-120.45
19237-121.69
19238-123.10
19239-121.95
192310-126.26
192311-131.21
192312-136.18
19241-137.48
19242-135.53
19243-133.11
19244-133.34
19245-136.57
19246-143.61
19247-149.26
19248-148.54
19249-147.35
192410-156.31
192411-165.49
192412-173.07
19251-175.30
19252-171.46
19253-170.42
19254-176.68
19255-180.63
19256-186.45
19257-189.78
19258-194.99
19259-202.25
192510-209.39
192511-213.65
192512-217.77
19261-218.98
19262-205.00
19263-200.18
19264-202.49
19265-213.05
19266-222.97
19267-232.76
19268-237.29
19269-232.93
192610-236.98
192611-243.39
192612-242.81
19271-248.57
19272-253.46
19273-260.75
19274-270.84
19275-275.45
19276-282.68
19277-298.87
19278-316.99
19279-313.29
192710-321.61
192711-330.35
192712-332.89
19281-330.13
19282-349.10
19283-372.36
19284-385.15
19285-367.57
19286-371.58
19287-384.92
19288-413.31
19289-423.05
192810-453.01
192811-456.16
192812-491.25
19291-495.24
19292-505.39
19293-503.87
19294-512.92
19295-524.22
19296-572.44
19297-606.55
19298-632.29
19299-567.01
192910-418.50
192911-436.81
192912-444.78
19301-474.30
19302-493.85
19303-526.88
19304-497.10
19305-448.54
19306-440.65
19307-436.70
19308-438.20
19309-379.61
193010-353.79
193011-331.90
193012-343.71
19311-371.68
19312-380.53
19313-345.98
19314-314.29
19315-305.87
19316-317.66
19317-309.77
19318-265.26
19319-231.44
193110-236.19
193111-193.44
193112-191.80
19321-191.71
19322-193.90
19323-148.87
19324-132.02
19325-115.66
19326-122.82
19327-185.89
19328-205.16
19329-178.04
193210-177.44
193211-172.76
193212-180.65
19331-160.30
19332-160.84
19333-178.92
19334-231.37
19335-272.06
19336-295.08
19337-281.38
19338-280.02
19339-253.76
193310-260.87
193311-266.93
193312-283.17
19341-305.11
19342-290.47
19343-296.33
19344-267.22
19345-271.76
19346-259.93
19347-250.79
19348-245.76
19349-248.72
193410-256.71
193411-259.43
193412-260.48
19351-253.66
19352-238.62
19353-257.56
19354-278.84
19355-290.48
19356-306.75
19357-328.54
19358-336.54
19359-346.59
193510-380.24
193511-381.36
193512-403.56
19361-427.90
19362-438.22
19363-440.04
19364-417.95
19365-437.07
19366-464.32
19367-474.98
19368-481.84
19369-508.59
193610-524.36
193611-517.02
193612-534.90
19371-552.56
19372-553.83
19373-522.68
19374-501.33
19375-484.59
19376-515.57
19377-522.98
19378-451.01
19379-387.42
193710-355.40
193711-351.78
193712-363.16
19381-356.62
19382-335.15
19383-323.61
19384-328.65
19385-338.29
19386-407.59
19387-411.91
19388-395.08
19389-440.98
193810-443.03
193811-431.73
193812-426.72
19391-424.76
19392-425.89
19393-373.76
19394-389.07
19395-397.52
19396-408.79
19397-404.43
19398-449.14
19399-455.36
193910-448.94
193911-440.09
193912-439.43
19401-438.43
19402-437.79
19403-444.01
19404-384.77
19405-353.63
19406-367.31
19407-377.04
19408-394.98
19409-400.77
194010-412.20
194011-397.40
194012-400.26
19411-377.35
19412-381.79
19413-372.07
19414-366.16
19415-381.20
19416-402.97
19417-403.28
19418-406.76
19419-392.79
194110-376.75
194111-354.59
194112-363.87
19421-354.84
19422-337.95
19423-326.27
19424-332.38
19425-351.48
19426-366.89
19427-367.05
19428-373.15
19429-402.89
194210-411.57
194211-415.91
194212-442.96
19431-471.46
19432-490.39
19433-508.96
19434-531.17
19435-542.75
19436-556.16
19437-530.92
19438-544.48
19439-541.75
194310-518.96
194311-528.15
194312-547.51
19441-546.17
19442-563.87
19443-556.49
19444-568.75
19445-598.00
19446-616.05
19447-609.55
19448-602.08
19449-619.45
194410-617.69
194411-633.75
194412-655.19
19451-679.65
19452-681.79
19453-701.58
19454-730.77
19455-746.75
19456-734.09
19457-739.28
19458-792.36
19459-828.12
194510-857.98
194511-875.35
194512-912.99
19461-918.33
19462-893.74
19463-954.24
19464-959.19
19465-955.94
19466-931.58
19467-916.46
19468-784.28
19469-769.60
194610-769.50
194611-795.62
194612-802.94
19471-837.22
19472-806.47
19473-779.87
19474-769.25
19475-799.41
19476-852.92
19477-839.62
19478-821.43
19479-846.29
194710-840.11
194711-830.68
194712-823.50
19481-786.87
19482-801.96
19483-867.63
19484-913.87
19485-955.79
19486-937.09
19487-913.77
19488-907.57
19489-936.51
194810-888.74
194811-887.34
194812-901.79
19491-871.79
19492-884.79
19493-888.45
19494-886.82
19495-843.26
19496-896.07
19497-933.44
19498-950.91
19499-980.79
194910-999.89
194911-1,032.30
194912-1,059.45
19501-1,086.17
19502-1,101.11
19503-1,138.40
19504-1,182.96
19505-1,208.57
19506-1,127.31
19507-1,202.13
19508-1,251.52
19509-1,310.61
195010-1,315.54
195011-1,318.10
195012-1,423.72
19511-1,485.06
19512-1,468.54
19513-1,496.83
19514-1,506.24
19515-1,488.99
19516-1,524.23
19517-1,599.91
19518-1,650.08
19519-1,650.55
195110-1,613.36
195111-1,671.65
195112-1,735.74
19521-1,712.62
19522-1,725.46
19523-1,728.96
19524-1,736.91
19525-1,793.27
19526-1,853.65
19527-1,869.97
19528-1,849.24
19529-1,819.45
195210-1,886.18
195211-1,971.23
195212-1,990.72
19531-1,975.32
19532-1,994.23
19533-1,905.03
19534-1,924.13
19535-1,864.33
19536-1,900.01
19537-1,917.09
19538-1,838.36
19539-1,903.01
195310-1,954.54
195311-1,990.44
195312-2,050.63
19541-2,105.51
19542-2,159.89
19543-2,256.01
19544-2,355.79
19545-2,384.60
19546-2,490.89
19547-2,550.53
19548-2,620.41
19549-2,691.44
195410-2,807.23
195411-2,946.28
195412-3,010.17
19551-3,121.69
19552-3,108.06
19553-3,226.43
19554-3,223.89
19555-3,422.00
19556-3,683.58
19557-3,672.55
19558-3,849.44
19559-3,667.56
195510-3,926.71
195511-3,975.30
195512-3,880.37
19561-3,917.21
19562-4,199.49
19563-4,261.76
19564-4,140.79
19565-4,129.94
19566-4,367.37
19567-4,354.93
19568-4,220.42
19569-4,180.17
195610-4,150.39
195611-4,225.47
195612-4,146.76
19571-3,981.07
19572-4,045.58
19573-4,152.55
19574-4,325.30
19575-4,409.83
19576-4,512.23
19577-4,277.36
19578-4,117.41
19579-3,874.62
195710-3,804.86
195711-3,816.96
195712-3,905.85
19581-3,933.26
19582-4,028.41
19583-4,064.52
19584-4,209.13
19585-4,324.26
19586-4,457.04
19587-4,637.75
19588-4,774.27
19589-4,982.38
195810-5,148.11
195811-5,259.43
195812-5,483.20
19591-5,413.84
19592-5,565.76
19593-5,673.54
19594-5,773.70
19595-5,738.70
19596-5,981.30
19597-5,962.25
19598-5,741.46
19599-5,751.61
195910-5,790.09
195911-5,990.61
195912-5,901.60
19601-5,688.60
19602-5,627.27
19603-5,716.42
19604-5,680.72
19605-5,907.27
19606-5,777.54
19607-5,863.67
19608-5,704.14
19609-5,608.65
196010-5,807.24
196011-5,963.50
196012-6,287.13
19611-6,562.14
19612-6,785.06
19613-6,983.11
19614-7,071.34
19615-6,994.95
19616-6,993.00
19617-7,261.46
19618-7,222.12
19619-7,319.12
196110-7,668.39
196111-7,757.57
196112-7,487.06
19621-7,630.02
19622-7,656.04
19623-7,430.57
19624-6,896.68
19625-6,109.58
19626-6,275.60
19627-6,465.31
19628-6,426.95
19629-6,243.38
196210-6,692.95
196211-7,002.42
196212-7,292.79
19631-7,409.15
19632-7,401.13
19633-7,769.57
19634-7,945.90
19635-7,963.12
19636-7,865.82
19637-8,104.24
19638-8,338.75
19639-8,380.43
196310-8,354.74
196311-8,554.70
196312-8,839.58
19641-8,970.40
19642-9,156.18
19643-9,311.21
19644-9,424.84
19645-9,391.79
19646-9,763.80
19647-9,644.13
19648-9,833.68
19649-10,027.42
196410-10,121.37
196411-9,970.53
196412-10,251.78
19651-10,351.74
19652-10,386.48
19653-10,548.26
19654-10,731.02
19655-10,247.33
19656-10,257.88
19657-10,475.20
19658-10,851.90
19659-11,122.85
196510-11,242.53
196511-11,218.74
196512-11,440.92
19661-11,391.68
19662-10,951.69
19663-11,315.39
19664-10,748.77
19665-10,688.62
19666-10,690.59
19667-10,073.80
19668-9,748.94
19669-9,693.91
196610-10,209.25
196611-10,282.33
196612-10,707.02
19671-11,106.39
19672-11,398.90
19673-11,626.02
19674-11,865.25
19675-11,747.57
19676-11,981.63
19677-12,203.48
19678-12,405.32
19679-12,417.40
196710-12,059.57
196711-12,434.83
196712-12,432.65
19681-11,903.40
19682-11,717.80
19683-12,615.58
19684-12,938.25
19685-13,318.73
19686-13,325.24
19687-13,067.54
19688-13,525.91
19689-13,893.43
196810-14,141.53
196811-14,323.30
196812-13,752.50
19691-13,719.69
19692-13,457.12
19693-13,763.17
19694-14,246.74
19695-13,538.49
19696-12,969.15
19697-12,932.37
19698-13,013.65
19699-13,188.87
196910-13,320.42
196911-12,650.74
196912-12,576.22
19701-12,174.28
19702-12,419.25
19703-12,078.01
19704-10,725.39
19705-10,696.45
19706-10,752.34
19707-11,102.41
19708-11,804.23
19709-12,098.10
197010-12,123.11
197011-12,990.92
197012-13,524.94
19711-14,086.37
19712-14,485.27
19713-15,017.44
19714-14,851.07
19715-14,614.07
19716-14,546.41
19717-14,325.72
19718-14,681.92
19719-14,408.29
197110-13,778.43
197111-14,765.46
197112-15,418.47
19721-15,740.25
19722-16,152.58
19723-16,355.93
19724-16,229.02
19725-16,312.78
19726-16,230.59
19727-16,844.70
19728-16,640.80
19729-16,710.27
197210-17,588.26
197211-17,994.81
197212-18,172.85
19731-17,568.58
19732-17,332.22
19733-17,049.13
19734-16,611.01
19735-16,280.49
19736-16,477.52
19737-16,208.04
19738-16,531.44
19739-17,231.60
197310-16,050.74
197311-14,958.44
197312-15,212.80
19741-14,836.61
19742-15,515.33
19743-14,768.01
19744-14,368.44
19745-14,434.14
19746-12,796.32
19747-12,314.57
19748-11,081.44
19749-11,344.83
197410-11,769.52
197411-11,052.54
197412-12,006.68
19751-13,304.31
19752-13,966.02
19753-14,173.70
19754-15,125.12
19755-15,562.94
19756-15,630.17
19757-14,536.65
19758-14,412.69
19759-15,129.19
197510-15,438.08
197511-15,255.97
197512-16,712.19
19761-17,410.45
19762-17,550.15
19763-17,742.41
19764-17,674.40
19765-17,833.58
19766-18,308.90
19767-18,206.26
19768-18,650.11
19769-18,070.42
197610-18,004.17
197611-18,685.90
197612-18,585.51
19771-18,145.29
19772-18,135.46
19773-17,918.98
19774-17,930.54
19775-18,091.87
19776-18,323.89
19777-17,943.01
19778-17,732.12
19779-17,342.39
197710-17,512.54
197711-17,498.51
197712-16,905.25
19781-16,740.93
19782-16,785.40
19783-17,596.14
19784-18,564.69
19785-18,689.73
19786-18,678.09
19787-20,046.84
19788-20,126.97
19789-19,568.75
197810-18,504.67
197811-18,860.48
197812-19,649.85
19791-19,442.16
19792-19,897.33
19793-20,381.02
19794-19,995.20
19795-20,478.61
19796-20,769.58
19797-21,811.04
19798-22,147.02
19799-21,404.54
197910-21,335.53
197911-22,275.14
197912-23,013.00
19801-24,024.61
19802-21,915.78
19803-21,661.10
19804-22,751.99
19805-24,313.38
19806-25,521.63
19807-26,416.08
19808-27,165.19
19809-28,068.37
198010-29,363.64
198011-28,998.13
198012-29,001.02
19811-28,110.64
19812-29,275.35
19813-29,654.11
19814-29,174.52
19815-29,424.72
19816-28,831.45
19817-29,062.84
19818-26,649.84
19819-27,110.15
198110-27,935.31
198111-28,264.77
198112-26,906.90
19821-26,391.93
19822-25,667.59
19823-27,071.43
19824-27,225.64
19825-25,790.68
19826-25,853.57
19827-26,058.84
19828-29,211.02
19829-31,805.37
198210-33,236.58
198211-33,687.10
198212-35,009.57
19831-35,755.28
19832-37,137.44
19833-38,696.25
19834-40,408.17
19835-41,116.73
19836-41,407.89
19837-40,411.13
19838-41,750.29
19839-42,020.80
198310-41,541.16
198311-41,487.94
198312-42,141.76
19841-39,987.40
19842-40,164.29
19843-40,368.00
19844-40,266.04
19845-39,521.80
19846-39,162.77
19847-42,768.31
19848-43,370.05
19849-43,191.19
198410-43,746.58
198411-43,437.05
198412-45,477.54
19851-48,109.49
19852-47,879.37
19853-48,370.00
19854-49,693.22
19855-50,941.00
19856-52,085.76
19857-51,124.62
19858-50,160.92
19859-50,911.11
198510-54,179.86
198511-57,048.42
198512-57,477.27
19861-60,751.90
19862-64,508.05
19863-66,276.49
19864-66,602.45
19865-68,689.27
19866-67,450.17
19867-68,988.61
19868-67,294.09
19869-67,233.61
198610-69,608.94
198611-70,798.52
198612-75,523.16
19871-80,403.38
19872-83,922.16
19873-83,203.44
19874-83,347.24
19875-87,096.57
19876-89,815.81
19877-95,612.53
19878-92,715.07
19879-81,724.73
198710-71,669.80
198711-70,713.22
198712-73,716.09
19881-76,169.78
19882-78,631.63
19883-77,934.94
19884-76,229.51
19885-80,801.91
19886-80,553.91
19887-79,169.60
19888-80,695.34
19889-83,763.06
198810-82,070.84
198811-83,979.77
198812-86,929.70
19891-89,798.25
19892-89,653.08
19893-92,849.03
19894-96,670.05
19895-99,949.70
19896-102,748.47
19897-107,568.14
19898-108,058.16
19899-108,367.48
198910-106,402.18
198911-109,314.09
198912-106,896.91
19901-104,195.43
19902-107,016.18
19903-107,225.91
19904-111,355.10
19905-114,885.01
19906-115,080.00
19907-106,033.30
19908-101,430.33
19909-99,081.44
199010-102,037.84
199011-106,717.92
199012-105,986.72
19911-118,288.35
19912-121,889.79
19913-124,643.07
19914-124,420.11
19915-124,851.86
19916-125,826.31
19917-129,197.11
19918-128,805.52
19919-129,039.49
199110-129,059.87
199111-130,266.76
199112-139,851.82
19921-139,011.53
19922-137,604.20
19923-137,967.90
19924-140,821.56
19925-138,949.86
19926-141,606.77
19927-142,940.31
19928-143,480.89
19929-141,784.87
199210-145,693.74
199211-150,459.67
199212-150,674.67
19931-153,272.67
19932-156,568.27
19933-154,467.52
19934-155,586.99
19935-156,933.10
19936-157,028.83
19937-159,796.41
19938-161,961.61
19939-163,973.02
199310-163,985.39
199311-165,440.24
199312-168,312.08
19941-168,184.67
19942-165,790.02
19943-160,242.06
19944-161,937.81
19945-163,732.23
19946-162,882.67
19947-167,902.84
19948-169,275.39
19949-168,523.79
199410-167,900.45
199411-166,178.29
199412-170,251.60
19951-176,753.67
19952-181,275.33
19953-187,104.34
19954-193,368.14
19955-199,514.20
19956-206,591.92
19957-207,652.00
19958-215,371.80
19959-217,337.21
199510-222,462.86
199511-230,002.44
199512-230,376.37
19961-243,978.70
19962-243,489.04
19963-243,968.82
19964-249,713.86
19965-252,906.68
19966-244,114.22
19967-251,622.57
19968-256,714.72
19969-267,290.08
199610-280,793.79
199611-284,158.34
199612-293,414.91
19971-306,211.22
19972-304,301.42
19973-293,939.21
19974-321,034.03
19975-338,167.05
19976-357,564.06
19977-358,807.63
19978-363,084.65
19979-369,058.75
199710-364,807.04
199711-374,418.30
199712-375,306.00
19981-399,333.69
19982-420,549.78
19983-434,872.34
19984-433,907.54
19985-434,412.86
19986-453,820.97
19987-422,185.08
19988-401,504.56
19989-406,687.40
199810-451,318.84
199811-469,841.44
199812-493,557.57
19991-493,228.32
19992-507,647.89
19993-529,223.04
19994-528,700.00
19995-525,465.59
19996-549,229.18
19997-528,499.15
19998-525,338.64
19999-518,653.85
199910-555,509.14
199911-571,111.89
199912-570,432.65
20001-556,296.89
20002-578,220.29
20003-586,458.00
20004-569,809.66
20005-587,835.48
20006-592,834.09
20007-598,405.02
20008-591,944.34
20009-561,079.00
200010-556,744.31
200011-538,259.98
200012-540,709.11
20011-529,158.17
20012-481,111.12
20013-483,269.83
20014-516,515.58
20015-504,177.81
20016-490,765.54
20017-480,725.26
20018-426,656.53
20019-440,241.41
200110-462,487.45
200111-469,267.75
200112-467,870.79
20021-452,184.16
20022-474,545.89
20023-457,868.30
20024-444,954.71
20025-418,609.13
20026-373,573.07
20027-377,827.28
20028-359,851.28
20029-354,931.96
200210-378,448.25
200211-374,531.08
200212-373,697.68
20031-349,725.59
20032-354,299.64
20033-373,027.42
20034-392,843.43
20035-415,251.94
20036-417,726.43
20037-417,031.65
20038-430,214.78
20039-438,938.80
200310-444,252.53
200311-457,863.59
200312-480,458.98
20041-485,679.94
20042-478,078.10
20043-482,706.55
20044-470,328.73
20045-483,769.20
20046-472,938.68
20047-466,376.32
20048-479,353.82
20049-479,845.62
200410-502,752.95
200411-516,465.27
200412-509,497.01
20051-518,062.71
20052-516,738.60
20053-504,290.79
20054-511,027.46
20055-522,171.42
20056-531,611.19
20057-533,259.28
20058-534,750.76
20059-520,717.72
200510-541,346.18
200511-552,953.35
200512-561,063.90
20061-560,970.54
20062-569,307.34
20063-573,852.30
20064-569,338.17
20065-553,933.06
20066-557,921.60
20067-570,707.82
20068-585,153.43
20069-606,312.07
200610-618,448.27
200611-631,734.18
200612-636,111.00
20071-646,263.64
20072-630,275.78
20073-656,622.94
20074-678,893.97
20075-681,235.49
20076-685,150.00
20077-656,366.11
20078-676,547.69
20079-696,787.51
200710-663,297.74
200711-671,510.83
200712-626,954.76
20081-617,149.40
20082-600,939.14
20083-626,441.81
20084-642,495.03
20085-615,210.95
20086-577,815.53
20087-590,010.53
20088-561,409.56
20089-448,040.84
200810-409,485.37
200811-408,047.18
200812-403,576.79
20091-376,527.03
20092-355,112.30
20093-398,868.35
20094-425,432.27
20095-437,637.33
20096-443,228.77
20097-479,222.25
20098-496,715.50
20099-508,652.12
200910-519,304.95
200911-530,863.94
200912-538,067.59
20101-522,471.84
20102-553,522.53
20103-576,150.15
20104-542,258.71
20105-523,043.42
20106-522,211.40
20107-526,721.28
20108-544,477.87
20109-569,401.00
201010-583,584.29
201011-605,257.07
201012-626,212.24
20111-645,943.34
20112-638,757.47
20113-652,944.16
20114-657,248.60
20115-633,176.21
20116-652,815.66
20117-584,918.61
20118-580,302.17
20119-597,820.95
201110-608,385.17
201111-617,844.05
201112-647,392.80
20121-674,341.23
20122-693,788.13
20123-693,523.03
20124-672,086.57
20125-664,341.37
20126-683,747.35
20127-706,910.67
20128-728,267.61
20129-726,686.29
201210-706,066.61
201211-721,427.34
201212-752,223.35
20131-769,772.89
20132-790,729.60
20133-802,225.16
20134-838,921.10
20135-829,543.85
20136-856,541.17
20137-858,704.18
20138-868,943.94
20139-887,344.26
201310-921,595.70
201311-935,619.27
201312-944,674.26
20141-943,445.85
20142-969,128.98
20143-971,083.95
20144-985,961.29
20145-1,017,475.75
20146-1,032,695.38
20147-1,028,286.27
20148-1,046,569.55
20149-1,018,871.21
201410-1,077,004.46
201411-1,083,831.46
201412-1,071,800.44
20151-1,102,104.50
20152-1,102,714.66
20153-1,112,401.02
20154-1,123,290.35
20155-1,118,398.42
20156-1,117,507.84
20157-1,090,415.01
20158-1,041,268.96
20159-1,086,221.79
201510-1,118,074.92
201511-1,105,742.89
201512-1,034,758.38
20161-1,029,068.14
20162-1,094,544.95
20163-1,125,534.36
20164-1,122,108.63
20165-1,134,075.81
20166-1,171,471.26
20167-1,185,520.21
20168-1,180,319.68
20169-1,174,347.49
201610-1,188,453.28
201611-1,235,349.22
201612-1,253,109.03
20171-1,285,394.70
20172-1,307,879.55
20173-1,305,865.37
20174-1,327,965.48
20175-1,351,555.83
20176-1,364,907.64
20177-1,368,289.95
20178-1,390,911.38
20179-1,428,950.02
201710-1,451,664.16
201711-1,493,522.70
201712-1,566,136.25
20181-1,520,926.81
20182-1,521,909.00
20183-1,496,584.86
20184-1,525,942.19
20185-1,558,184.88
20186-1,582,815.76
20187-1,621,607.49
20188-1,648,846.41
20189-1,585,382.54
201810-1,552,468.28
201811-1,466,112.04
201812-1,491,558.42
20191-1,578,499.90
20192-1,609,249.43
20193-1,669,165.32
20194-1,643,597.23
20195-1,666,685.65
20196-1,730,475.44
20197-1,676,235.18
20198-1,727,950.85
20199-1,728,120.23
201910-1,804,739.76
201911-1,849,304.56
201912-1,911,189.64
20201-1,913,522.76
20202-1,551,528.10
20203-1,618,532.61
20204-1,713,821.54
20205-1,825,361.70
20206-1,888,819.22
20207-2,000,136.87
20208-1,987,595.96
20209-2,021,901.89
202010-2,101,850.25
202011-2,191,390.76
202012-2,252,646.70
20211-2,308,772.04
20212-2,327,735.31
20213-2,467,899.57
20214-2,486,661.32
20215-2,531,680.41
20216-2,609,357.46
20217-2,666,376.14
20218-2,664,123.09
20219-2,676,169.61
202110-2,803,147.01
202111-2,810,586.67
202112-2,752,914.75
20221-2,673,009.48
20222-2,649,150.64
20223-2,652,284.63
20224-2,443,477.41
20225-2,361,147.26
20226-2,323,466.69
Click to show 1230 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 1919 to 2022
Start Value
Average monthly close
$7.85
End Value
Average monthly close
$3,831.39
Change in price+48,707.52%
+6.19% / yr
Change incl. dividends+2,633,092.86%
+10.33% / yr
Change incl. dividends, inflation-adjusted+153,656.08%
+7.35% / yr
Final amount, nominal
($100 base)
$2,633,192.86
Final amount, inflation-adjusted
($100 base)
$153,756.08