S&P 500: $100 in 1924 → $2,318,374.31 in 2024

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Stock market returns since 1924

If you invested $100 in the S&P 500 at the beginning of 1924, you would have about $2,318,374.31 at the end of 2024, assuming you reinvested all dividends. This is a return on investment of 2,318,274.31%, or 10.54% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 126,337.42% cumulatively, or 7.38% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $1,943,586.86.

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 $2,318,274.31, or 2,318,274.31%. This means by 2024 you would have $2,318,374.31 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 1924 was 17.100 and the CPI in 2024 was 313.548.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 100 years.

Adjusted for inflation, the $2,318,374.31 nominal end value of the original $100 investment would have a real return of roughly $126,337.42 in 1924 dollars. This means the inflation-adjusted return is 126,337.42% as opposed to the original 2,318,274.31%.

For more information on inflation, see our U.S. inflation calculator for 1924.

Full monthly data

The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 1204-month period between 1924 and 2024.

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

YearMonthReturn (%)Amount ($)CPI
192410.95%100.9517.30
19242-1.42%99.5317.20
19243-1.79%97.7517.10
192440.17%97.9217.00
192452.42%100.2917.00
192465.16%105.4617.00
192473.93%109.6017.10
19248-0.48%109.0817.00
19249-0.81%108.2017.10
1924106.08%114.7817.20
1924115.87%121.5217.20
1924124.58%127.0917.30
192511.29%128.7317.30
19252-2.19%125.9117.20
19253-0.61%125.1517.30
192543.67%129.7417.20
192552.24%132.6417.30
192563.22%136.9217.50
192571.79%139.3617.70
192582.74%143.1817.70
192593.73%148.5217.70
1925103.53%153.7617.70
1925112.04%156.8918.00
1925121.93%159.9117.90
192610.56%160.8017.90
19262-6.38%150.5417.90
19263-2.35%146.9917.80
192641.15%148.6917.90
192655.22%156.4517.80
192664.66%163.7317.70
192674.39%170.9217.50
192681.94%174.2517.40
19269-1.83%171.0517.50
1926101.74%174.0217.60
1926112.71%178.7317.70
192612-0.24%178.3017.70
192712.37%182.5317.50
192721.97%186.1217.40
192732.88%191.4817.30
192743.87%198.8817.30
192751.70%202.2717.40
192762.62%207.5817.60
192775.73%219.4617.30
192786.06%232.7717.20
19279-1.17%230.0617.30
1927102.66%236.1717.40
1927112.72%242.5917.30
1927120.77%244.4517.30
19281-0.83%242.4217.30
192825.75%256.3517.10
192836.66%273.4317.10
192843.44%282.8317.10
19285-4.57%269.9117.20
192861.09%272.8617.10
192873.59%282.6617.10
192887.37%303.5017.10
192892.36%310.6617.30
1928107.08%332.6617.20
1928110.70%334.9717.20
1928127.69%360.7417.10
192910.81%363.6617.10
192922.05%371.1217.10
19293-0.30%370.0017.00
192941.80%376.6516.90
192952.20%384.9417.00
192969.20%420.3617.10
192975.96%445.4017.30
192984.24%464.3017.30
19299-10.32%416.3717.30
192910-26.19%307.3217.30
1929114.37%320.7617.30
1929121.83%326.6117.20
193016.64%348.2917.10
193024.12%362.6517.00
193036.69%386.9016.90
19304-5.65%365.0417.00
19305-9.77%329.3716.90
19306-1.76%323.5816.80
19307-0.90%320.6816.60
193080.34%321.7816.50
19309-13.37%278.7516.60
193010-6.80%259.8016.50
193011-6.19%243.7216.40
1930123.56%252.3916.10
193118.14%272.9315.90
193122.38%279.4315.70
19313-9.08%254.0615.60
19314-9.16%230.7915.50
19315-2.68%224.6015.30
193163.86%233.2715.10
19317-2.49%227.4715.10
19318-14.37%194.7915.10
19319-12.75%169.9515.00
1931102.05%173.4414.90
193111-18.10%142.0514.70
193112-0.85%140.8414.60
19321-0.05%140.7814.30
193221.14%142.3814.10
19323-23.22%109.3214.00
19324-11.31%96.9513.90
19325-12.39%84.9313.70
193266.18%90.1913.60
1932751.35%136.5013.60
1932810.37%150.6513.50
19329-13.22%130.7413.40
193210-0.34%130.3013.30
193211-2.64%126.8613.20
1932124.57%132.6613.10
19331-11.27%117.7112.90
193320.33%118.1112.70
1933311.24%131.3812.60
1933429.32%169.9012.60
1933517.58%199.7812.60
193368.46%216.6812.70
19337-4.64%206.6213.10
19338-0.48%205.6213.20
19339-9.38%186.3413.20
1933102.80%191.5613.20
1933112.32%196.0113.20
1933126.08%207.9413.20
193417.75%224.0513.20
19342-4.80%213.3013.30
193432.02%217.6113.30
19344-9.83%196.2213.30
193451.70%199.5613.30
19346-4.36%190.8713.40
19347-3.51%184.1613.40
19348-2.01%180.4613.40
193491.21%182.6413.60
1934103.21%188.5113.50
1934111.06%190.5013.50
1934120.40%191.2813.40
19351-2.62%186.2713.60
19352-5.93%175.2213.70
193537.94%189.1313.70
193548.27%204.7613.80
193554.17%213.3113.80
193565.60%225.2513.70
193577.10%241.2613.70
193582.43%247.1313.70
193592.99%254.5113.70
1935109.71%279.2213.70
1935110.29%280.0413.80
1935125.82%296.3413.80
193616.03%314.2213.80
193622.41%321.8013.80
193630.41%323.1313.70
19364-5.02%306.9113.70
193654.57%320.9513.70
193666.23%340.9613.80
193672.30%348.7913.90
193681.44%353.8314.00
193695.55%373.4714.00
1936103.10%385.0514.00
193611-1.40%379.6614.00
1936123.46%392.7914.00
193713.30%405.7614.10
193720.23%406.6914.10
19373-5.62%383.8214.20
19374-4.09%368.1414.30
19375-3.34%355.8514.40
193766.39%378.6014.40
193771.44%384.0414.50
19378-13.76%331.1814.50
19379-14.10%284.4914.60
193710-8.27%260.9814.60
193711-1.02%258.3214.50
1937123.24%266.6814.40
19381-1.80%261.8714.20
19382-6.02%246.1114.10
19383-3.44%237.6414.10
193841.56%241.3314.20
193852.93%248.4114.10
1938620.49%299.3114.10
193871.06%302.4714.10
19388-4.08%290.1214.10
1938911.62%323.8214.10
1938100.47%325.3314.00
193811-2.55%317.0314.00
193812-1.16%313.3514.00
19391-0.46%311.9114.00
193920.27%312.7413.90
19393-12.24%274.4613.90
193944.10%285.7013.80
193952.17%291.9113.80
193962.84%300.1913.80
19397-1.07%296.9813.80
1939811.06%329.8213.80
193991.38%334.3814.10
193910-1.41%329.6714.00
193911-1.97%323.1614.00
193912-0.15%322.6914.00
19401-0.23%321.9513.90
19402-0.15%321.4814.00
194031.42%326.0514.00
19404-13.34%282.5514.00
19405-8.09%259.6814.00
194063.87%269.7214.10
194072.65%276.8714.00
194084.76%290.0414.00
194091.47%294.3014.00
1940102.85%302.6914.00
194011-3.59%291.8214.00
1940120.72%293.9214.10
19411-5.72%277.1014.10
194121.18%280.3614.10
19413-2.55%273.2214.20
19414-1.59%268.8814.30
194154.11%279.9214.40
194165.71%295.9114.70
194170.08%296.1414.70
194180.86%298.6914.90
19419-3.43%288.4315.10
194110-4.08%276.6515.30
194111-5.88%260.3815.40
1941122.62%267.1915.50
19421-2.48%260.5715.70
19422-4.76%248.1615.80
19423-3.45%239.5916.00
194241.87%244.0716.10
194255.75%258.1016.30
194264.38%269.4116.30
194270.05%269.5316.40
194281.66%274.0116.50
194297.97%295.8516.50
1942102.15%302.2216.70
1942111.06%305.4116.80
1942126.50%325.2816.90
194316.43%346.2116.90
194324.01%360.1116.90
194333.79%373.7417.20
194344.36%390.0517.40
194352.18%398.5517.50
194362.47%408.4017.50
19437-4.54%389.8717.40
194382.55%399.8217.30
19439-0.50%397.8217.40
194310-4.21%381.0917.40
1943111.77%387.8317.40
1943123.67%402.0517.40
19441-0.24%401.0717.40
194423.24%414.0617.40
19443-1.31%408.6517.40
194442.20%417.6517.50
194455.14%439.1317.50
194463.02%452.3817.60
19447-1.06%447.6117.70
19448-1.23%442.1217.70
194492.88%454.8717.70
194410-0.28%453.5817.70
1944112.60%465.3717.70
1944123.38%481.1217.80
194513.73%499.0817.80
194520.31%500.6617.80
194532.90%515.1817.80
194544.16%536.6217.80
194552.19%548.3617.90
19456-1.70%539.0618.10
194570.71%542.8718.10
194587.18%581.8418.10
194594.51%608.1118.10
1945103.61%630.0418.10
1945112.02%642.7918.10
1945124.30%670.4318.20
194610.59%674.3518.20
19462-2.68%656.2918.10
194636.77%700.7218.30
194640.52%704.3518.40
19465-0.34%701.9718.50
19466-2.55%684.0818.70
19467-1.62%672.9819.80
19468-14.42%575.9220.20
19469-1.87%565.1320.40
194610-0.01%565.0620.80
1946113.39%584.2421.30
1946120.92%589.6121.50
194714.27%614.7921.50
19472-3.67%592.2121.50
19473-3.30%572.6821.90
19474-1.36%564.8821.90
194753.92%587.0221.90
194766.69%626.3222.00
19477-1.56%616.5522.20
19478-2.17%603.1922.50
194793.03%621.4523.00
194710-0.73%616.9123.00
194711-1.12%609.9923.10
194712-0.86%604.7123.40
19481-4.45%577.8123.70
194821.92%588.9023.50
194838.19%637.1223.40
194845.33%671.0823.80
194854.59%701.8623.90
19486-1.96%688.1224.10
19487-2.49%671.0024.40
19488-0.68%666.4524.50
194893.19%687.7024.50
194810-5.10%652.6224.40
194811-0.16%651.5924.20
1948121.63%662.2124.10
19491-3.33%640.1724.00
194921.49%649.7223.80
194930.41%652.4123.80
19494-0.18%651.2123.90
19495-4.91%619.2223.80
194966.26%658.0123.90
194974.17%685.4523.70
194981.87%698.2723.80
194993.14%720.2123.90
1949101.95%734.2423.70
1949113.24%758.0423.80
1949122.63%777.9823.60
195012.52%797.6023.50
195021.38%808.5723.50
195033.39%835.9523.60
195043.91%868.6723.60
195052.16%887.4823.70
19506-6.72%827.8123.80
195076.64%882.7524.10
195084.11%919.0224.30
195094.72%962.4124.40
1950100.38%966.0324.60
1950110.19%967.9124.70
1950128.01%1,045.4725.00
195114.31%1,090.5125.40
19512-1.11%1,078.3825.70
195131.93%1,099.1625.80
195140.63%1,106.0725.80
19515-1.15%1,093.4025.90
195162.37%1,119.2825.90
195174.97%1,174.8525.90
195183.14%1,211.6925.90
195190.03%1,212.0426.10
195110-2.25%1,184.7226.20
1951113.61%1,227.5326.40
1951123.83%1,274.5926.50
19521-1.33%1,257.6126.50
195220.75%1,267.0426.30
195230.20%1,269.6226.30
195240.46%1,275.4526.40
195253.24%1,316.8426.40
195263.37%1,361.1826.50
195270.88%1,373.1626.70
19528-1.11%1,357.9426.70
19529-1.61%1,336.0626.70
1952103.67%1,385.0626.70
1952114.51%1,447.5126.70
1952120.99%1,461.8326.70
19531-0.77%1,450.5226.60
195320.96%1,464.4026.50
19533-4.47%1,398.9026.60
195341.00%1,412.9326.60
19535-3.11%1,369.0226.70
195361.91%1,395.2226.80
195370.90%1,407.7626.80
19538-4.11%1,349.9526.90
195393.52%1,397.4226.90
1953102.71%1,435.2727.00
1953111.84%1,461.6326.90
1953123.02%1,505.8326.90
195412.68%1,546.1326.90
195422.58%1,586.0526.90
195434.45%1,656.6426.90
195444.42%1,729.9126.80
195451.22%1,751.0626.90
195464.46%1,829.1226.90
195472.39%1,872.9126.90
195482.74%1,924.2226.90
195492.71%1,976.3826.80
1954104.30%2,061.4126.80
1954114.95%2,163.5226.80
1954122.17%2,210.4326.70
195513.70%2,292.3326.70
19552-0.44%2,282.3226.70
195533.81%2,369.2426.70
19554-0.08%2,367.3726.70
195556.15%2,512.8526.70
195567.64%2,704.9326.70
19557-0.30%2,696.8426.80
195584.82%2,826.7326.80
19559-4.72%2,693.1726.90
1955107.07%2,883.4726.90
1955111.24%2,919.1526.90
195512-2.39%2,849.4526.80
195610.95%2,876.5026.80
195627.21%3,083.7826.80
195631.48%3,129.5126.80
19564-2.84%3,040.6826.90
19565-0.26%3,032.7127.00
195665.75%3,207.0627.20
19567-0.28%3,197.9227.40
19568-3.09%3,099.1527.30
19569-0.95%3,069.5927.40
195610-0.71%3,047.7227.50
1956111.81%3,102.8527.50
195612-1.86%3,045.0627.60
19571-4.00%2,923.3927.60
195721.62%2,970.7627.70
195732.64%3,049.3127.80
195744.16%3,176.1727.90
195751.95%3,238.2328.00
195762.32%3,313.4328.10
19577-5.21%3,140.9628.30
19578-3.74%3,023.5128.30
19579-5.90%2,845.2228.30
195710-1.80%2,794.0028.30
1957110.32%2,802.8828.40
1957122.33%2,868.1528.40
195810.70%2,888.2828.60
195822.42%2,958.1528.60
195830.90%2,984.6728.80
195843.56%3,090.8628.90
195852.74%3,175.4028.90
195863.07%3,272.9128.90
195874.05%3,405.6029.00
195882.94%3,505.8528.90
195894.36%3,658.6728.90
1958103.33%3,780.3728.90
1958112.16%3,862.1229.00
1958124.25%4,026.4428.90
19591-1.27%3,975.5029.00
195922.81%4,087.0628.90
195931.94%4,166.2128.90
195941.77%4,239.7629.00
19595-0.61%4,214.0529.00
195964.23%4,392.2129.10
19597-0.32%4,378.2229.20
19598-3.70%4,216.0829.20
195990.18%4,223.5329.30
1959100.67%4,251.7929.40
1959113.46%4,399.0429.40
195912-1.49%4,333.6829.40
19601-3.61%4,177.2629.30
19602-1.08%4,132.2329.40
196031.58%4,197.6929.40
19604-0.62%4,171.4829.50
196053.99%4,337.8429.50
19606-2.20%4,242.5729.60
196071.49%4,305.8329.60
19608-2.72%4,188.6729.60
19609-1.67%4,118.5629.60
1960103.54%4,264.3929.80
1960112.69%4,379.1329.80
1960125.43%4,616.7829.80
196114.37%4,818.7229.80
196123.40%4,982.4229.80
196132.92%5,127.8629.80
196141.26%5,192.6429.80
19615-1.08%5,136.5529.80
19616-0.03%5,135.1129.80
196173.84%5,332.2530.00
19618-0.54%5,303.3629.90
196191.34%5,374.5930.00
1961104.77%5,631.0730.00
1961111.16%5,696.5630.00
196112-3.49%5,497.9130.00
196211.91%5,602.9030.00
196220.34%5,622.0030.10
19623-2.94%5,456.4430.10
19624-7.19%5,064.3930.20
19625-11.41%4,486.4030.20
196262.72%4,608.3130.20
196273.02%4,747.6230.30
19628-0.59%4,719.4530.30
19629-2.86%4,584.6530.40
1962107.20%4,914.7930.40
1962114.62%5,142.0330.40
1962124.15%5,355.2630.40
196311.60%5,440.7030.40
19632-0.11%5,434.8130.40
196334.98%5,705.3730.50
196342.27%5,834.8530.50
196350.22%5,847.4930.50
19636-1.22%5,776.0430.60
196373.03%5,951.1230.70
196382.89%6,123.3330.70
196390.50%6,153.9430.70
196310-0.31%6,135.0730.80
1963112.39%6,281.9030.80
1963123.33%6,491.1030.90
196411.48%6,587.1730.90
196422.07%6,723.5930.90
196431.69%6,837.4330.90
196441.22%6,920.8730.90
19645-0.35%6,896.6030.90
196463.96%7,169.7731.00
19647-1.23%7,081.9031.10
196481.97%7,221.0931.00
196491.97%7,363.3631.10
1964100.94%7,432.3531.10
196411-1.49%7,321.5831.20
1964122.82%7,528.1131.20
196510.98%7,601.5131.20
196520.34%7,627.0231.20
196531.56%7,745.8231.30
196541.73%7,880.0331.40
19655-4.51%7,524.8531.40
196560.10%7,532.5931.60
196572.12%7,692.1731.60
196583.60%7,968.7931.60
196592.50%8,167.7631.60
1965101.08%8,255.6431.70
196511-0.21%8,238.1731.70
1965121.98%8,401.3231.80
19661-0.43%8,365.1631.80
19662-3.86%8,042.0732.00
196633.32%8,309.1532.10
19664-5.01%7,893.0632.30
19665-0.56%7,848.9032.30
196660.02%7,850.3432.40
19667-5.77%7,397.4232.50
19668-3.22%7,158.8632.70
19669-0.56%7,118.4632.70
1966105.32%7,496.8832.90
1966110.72%7,550.5432.90
1966124.13%7,862.4032.90
196713.73%8,155.6732.90
196722.63%8,370.4732.90
196731.99%8,537.2533.00
196742.06%8,712.9233.10
19675-0.99%8,626.5033.20
196761.99%8,798.3833.30
196771.85%8,961.2933.40
196781.65%9,109.5033.50
196790.10%9,118.3833.60
196710-2.88%8,855.6133.70
1967113.11%9,131.1733.80
196712-0.02%9,129.5833.90
19681-4.26%8,740.9334.10
19682-1.56%8,604.6434.20
196837.66%9,263.9034.30
196842.56%9,500.8534.40
196852.94%9,780.2434.50
196860.05%9,785.0234.70
19687-1.93%9,595.7934.90
196883.51%9,932.3835.00
196892.72%10,202.2635.10
1968101.79%10,384.4435.30
1968111.29%10,517.9235.40
196812-3.99%10,098.7635.50
19691-0.24%10,074.6735.60
19692-1.91%9,881.8635.80
196932.27%10,106.6036.10
196943.51%10,461.7036.30
19695-4.97%9,941.6136.40
19696-4.21%9,523.5436.60
19697-0.28%9,496.5336.80
196980.63%9,556.2137.00
196991.35%9,684.8837.10
1969101.00%9,781.4837.30
196911-5.03%9,289.7237.50
196912-0.59%9,235.0037.70
19701-3.20%8,939.8437.80
197022.01%9,119.7438.00
19703-2.75%8,869.1538.20
19704-11.20%7,875.8938.50
19705-0.27%7,854.6438.60
197060.52%7,895.6838.80
197073.26%8,152.7539.00
197086.32%8,668.1139.00
197092.49%8,883.9039.20
1970100.21%8,902.2739.40
1970117.16%9,539.5339.60
1970124.11%9,931.6739.80
197114.15%10,343.9439.80
197122.83%10,636.8639.90
197133.67%11,027.6440.00
19714-1.11%10,905.4740.10
19715-1.60%10,731.4340.30
19716-0.46%10,681.7540.60
19717-1.52%10,519.7040.70
197182.49%10,781.2640.80
19719-1.86%10,580.3340.80
197110-4.37%10,117.8140.90
1971117.16%10,842.6140.90
1971124.42%11,322.1341.10
197212.09%11,558.4241.10
197222.62%11,861.2041.30
197231.26%12,010.5241.40
19724-0.78%11,917.3341.50
197250.52%11,978.8441.60
19726-0.50%11,918.4841.70
197273.78%12,369.4441.90
19728-1.21%12,219.7142.00
197290.42%12,270.7242.10
1972105.25%12,915.4542.30
1972112.31%13,213.9942.40
1972120.99%13,344.7342.50
19731-3.33%12,901.0042.60
19732-1.35%12,727.4442.90
19733-1.63%12,519.5643.30
19734-2.57%12,197.8443.60
19735-1.99%11,955.1243.90
197361.21%12,099.8144.20
19737-1.64%11,901.9344.30
197382.00%12,139.4145.10
197394.24%12,653.5545.20
197310-6.85%11,786.4245.60
197311-6.81%10,984.3245.90
1973121.70%11,171.1046.20
19741-2.47%10,894.8546.60
197424.57%11,393.2547.20
19743-4.82%10,844.4847.80
19744-2.71%10,551.0748.00
197450.46%10,599.3148.60
19746-11.35%9,396.6249.00
19747-3.76%9,042.8649.40
19748-10.01%8,137.3550.00
197492.38%8,330.7650.60
1974103.74%8,642.6251.10
197411-6.09%8,116.1351.50
1974128.63%8,816.7851.90
1975110.81%9,769.6552.10
197524.97%10,255.5652.50
197531.49%10,408.0652.70
197546.71%11,106.7252.90
197552.89%11,428.2153.20
197560.43%11,477.5853.60
19757-7.00%10,674.5854.20
19758-0.85%10,583.5654.30
197594.97%11,109.7054.60
1975102.04%11,336.5354.90
197511-1.18%11,202.8055.30
1975129.55%12,272.1455.50
197614.18%12,784.8855.60
197620.80%12,887.4755.80
197631.10%13,028.6455.90
19764-0.38%12,978.7156.10
197650.90%13,095.5956.50
197662.67%13,444.6456.80
19767-0.56%13,369.2657.10
197682.44%13,695.1957.40
19769-3.11%13,269.5257.60
197610-0.37%13,220.8657.90
1976113.79%13,721.4758.00
197612-0.54%13,647.7558.20
19771-2.37%13,324.4958.50
19772-0.05%13,317.2759.10
19773-1.19%13,158.3159.50
197740.06%13,166.8060.00
197750.90%13,285.2760.30
197761.28%13,455.6460.70
19777-2.08%13,175.9561.00
19778-1.18%13,021.0961.20
19779-2.20%12,734.9061.40
1977100.98%12,859.8561.60
197711-0.08%12,849.5561.90
197712-3.39%12,413.9062.10
19781-0.97%12,293.2462.50
197820.27%12,325.9062.90
197834.83%12,921.2463.40
197845.50%13,632.4663.90
197850.67%13,724.2964.50
19786-0.06%13,715.7465.20
197877.33%14,720.8465.70
197880.40%14,779.6866.00
19789-2.77%14,369.7766.50
197810-5.44%13,588.3967.10
1978111.92%13,849.6767.40
1978124.19%14,429.3267.70
19791-1.06%14,276.8168.30
197922.34%14,611.0569.10
197932.43%14,966.2469.80
19794-1.89%14,682.9270.60
197952.42%15,037.9071.50
197961.42%15,251.5772.30
197975.01%16,016.3373.10
197981.54%16,263.0573.80
19799-3.35%15,717.8374.60
197910-0.32%15,667.1575.20
1979114.40%16,357.1375.90
1979123.31%16,898.9676.70
198014.40%17,641.8177.80
19802-8.78%16,093.2478.90
19803-1.16%15,906.2380.10
198045.04%16,707.2981.00
198056.86%17,853.8681.80
198064.97%18,741.1082.70
198073.50%19,397.9282.70
198082.84%19,948.0083.30
198093.32%20,611.2384.00
1980104.61%21,562.3884.80
198011-1.24%21,293.9785.50
1980120.01%21,296.1086.30
19811-3.07%20,642.2787.00
198124.14%21,497.5487.90
198131.29%21,775.6888.50
19814-1.62%21,423.5089.10
198150.86%21,607.2389.80
19816-2.02%21,171.5790.60
198170.80%21,341.4991.60
19818-8.30%19,569.5792.30
198191.73%19,907.5993.20
1981103.04%20,513.5293.40
1981111.18%20,755.4593.70
198112-4.80%19,758.3394.00
19821-1.91%19,380.1894.30
19822-2.74%18,848.2894.60
198235.47%19,879.1694.50
198240.57%19,992.4094.90
19825-5.27%18,938.6795.80
198260.24%18,984.8597.00
198270.79%19,135.5997.50
1982812.10%21,450.3097.70
198298.88%23,355.3997.90
1982104.50%24,406.3698.20
1982111.36%24,737.1998.00
1982123.93%25,708.3197.60
198312.13%26,255.9097.80
198323.87%27,270.8697.90
198334.20%28,415.5297.90
198344.42%29,672.6298.60
198351.75%30,192.9499.20
198360.71%30,406.7499.50
19837-2.41%29,674.7999.90
198383.31%30,658.17100.20
198390.65%30,856.81100.70
198310-1.14%30,504.60101.00
198311-0.13%30,465.52101.20
1983121.58%30,945.64101.30
19841-5.11%29,363.64101.90
198420.44%29,493.53102.40
198430.51%29,643.12102.60
19844-0.25%29,568.25103.10
19845-1.85%29,021.74103.40
19846-0.91%28,758.09103.70
198479.21%31,405.72104.10
198481.41%31,847.59104.50
19849-0.41%31,716.25105.00
1984101.29%32,124.09105.30
198411-0.71%31,896.80105.30
1984124.70%33,395.17105.30
198515.79%35,327.87105.50
19852-0.48%35,158.89106.00
198531.02%35,519.17106.40
198542.74%36,490.84106.90
198552.51%37,407.12107.30
198562.25%38,247.74107.60
19857-1.85%37,541.95107.80
19858-1.88%36,834.28108.00
198591.50%37,385.16108.30
1985106.42%39,785.48108.70
1985115.29%41,891.93109.00
1985120.75%42,206.85109.30
198615.70%44,611.47109.60
198626.18%47,369.70109.30
198632.74%48,668.30108.80
198640.49%48,907.67108.60
198653.13%50,440.06108.90
19866-1.80%49,530.17109.50
198672.28%50,659.88109.50
19868-2.46%49,415.55109.70
19869-0.09%49,371.14110.20
1986103.53%51,115.40110.30
1986111.71%51,988.93110.40
1986126.67%55,458.35110.50
198716.46%59,042.00111.20
198724.38%61,625.92111.60
19873-0.86%61,098.14112.10
198740.17%61,203.74112.70
198754.50%63,956.96113.10
198763.12%65,953.75113.50
198776.45%70,210.42113.80
19878-3.03%68,082.74114.40
19879-11.85%60,012.29115.00
198710-12.30%52,628.73115.30
198711-1.33%51,926.30115.40
1987124.25%54,131.37115.40
198813.33%55,933.17115.70
198823.23%57,740.96116.00
19883-0.89%57,229.36116.50
19884-2.19%55,977.03117.10
198856.00%59,334.65117.50
19886-0.31%59,152.54118.00
19887-1.72%58,136.01118.50
198881.93%59,256.39119.00
198893.80%61,509.09119.80
198810-2.02%60,266.45120.20
1988112.33%61,668.22120.30
1988123.51%63,834.42120.50
198913.30%65,940.86121.10
19892-0.16%65,834.26121.60
198933.56%68,181.12122.30
198944.12%70,986.98123.10
198953.39%73,395.30123.80
198962.80%75,450.49124.10
198974.69%78,989.69124.40
198980.46%79,349.52124.60
198990.29%79,576.66125.00
198910-1.81%78,133.50125.60
1989112.74%80,271.78125.90
198912-2.21%78,496.79126.10
19901-2.53%76,513.03127.40
199022.71%78,584.37128.00
199030.20%78,738.38128.70
199043.85%81,770.54128.90
199053.17%84,362.63129.20
199060.17%84,505.81129.90
19907-7.86%77,862.62130.40
19908-4.34%74,482.55131.60
19909-2.32%72,757.71132.70
1990102.98%74,928.67133.50
1990114.59%78,365.35133.80
199012-0.69%77,828.41133.80
1991111.61%86,861.78134.60
199123.04%89,506.39134.80
199132.26%91,528.19135.00
19914-0.18%91,364.46135.20
199150.35%91,681.51135.60
199160.78%92,397.07136.00
199172.68%94,872.32136.20
19918-0.30%94,584.77136.60
199190.18%94,756.58137.20
1991100.02%94,771.54137.40
1991110.94%95,657.79137.80
1991127.36%102,696.31137.90
19921-0.60%102,079.27138.10
19922-1.01%101,045.84138.60
199230.26%101,312.91139.30
199242.07%103,408.41139.50
19925-1.33%102,033.99139.70
199261.91%103,985.01140.20
199270.94%104,964.26140.50
199280.38%105,361.22140.90
19929-1.18%104,115.79141.30
1992102.76%106,986.17141.80
1992113.27%110,485.90142.00
1992120.14%110,643.77141.90
199311.72%112,551.55142.60
199322.15%114,971.58143.10
19933-1.34%113,428.95143.60
199340.72%114,251.00144.00
199350.87%115,239.48144.20
199360.06%115,309.78144.40
199371.76%117,342.07144.40
199381.35%118,932.03144.80
199391.24%120,409.05145.10
1993100.01%120,418.14145.70
1993110.89%121,486.46145.80
1993121.74%123,595.32145.80
19941-0.08%123,501.76146.20
19942-1.42%121,743.32146.70
19943-3.35%117,669.33147.20
199441.06%118,914.55147.40
199451.11%120,232.24147.50
19946-0.52%119,608.38148.00
199473.08%123,294.80148.40
199480.82%124,302.70149.00
19949-0.44%123,750.78149.40
199410-0.37%123,293.05149.50
199411-1.03%122,028.43149.70
1994122.45%125,019.55149.70
199513.82%129,794.17150.30
199522.56%133,114.52150.90
199533.22%137,394.89151.40
199543.35%141,994.54151.90
199553.18%146,507.73152.20
199563.55%151,705.06152.50
199570.51%152,483.50152.50
199583.72%158,152.32152.90
199590.91%159,595.57153.20
1995102.36%163,359.45153.70
1995113.39%168,895.92153.60
1995120.16%169,170.51153.50
199615.90%179,159.01154.40
19962-0.20%178,799.44154.90
199630.20%179,151.75155.70
199642.35%183,370.46156.30
199651.28%185,715.02156.60
19966-3.48%179,258.52156.70
199673.08%184,772.07157.00
199682.02%188,511.35157.30
199694.12%196,277.07157.80
1996105.05%206,193.15158.30
1996111.20%208,663.81158.60
1996123.26%215,461.12158.60
199714.36%224,857.73159.10
19972-0.62%223,455.33159.60
19973-3.41%215,846.12160.00
199749.22%235,742.46160.20
199755.34%248,323.62160.10
199765.74%262,567.27160.30
199770.35%263,480.45160.50
199781.19%266,621.16160.80
199791.65%271,008.08161.20
199710-1.15%267,885.95161.60
1997112.63%274,943.72161.50
1997120.24%275,595.58161.30
199816.40%293,239.64161.60
199825.31%308,819.09161.90
199833.41%319,336.47162.20
19984-0.22%318,628.00162.50
199850.12%318,999.06162.80
199864.47%333,250.87163.00
19987-6.97%310,019.93163.20
19988-4.90%294,833.76163.40
199891.29%298,639.64163.60
19981010.97%331,413.50164.00
1998114.10%345,015.06164.00
1998125.05%362,430.34163.90
19991-0.07%362,188.56164.30
199922.92%372,777.18164.50
199934.25%388,620.30165.00
19994-0.10%388,236.21166.20
19995-0.61%385,861.11166.20
199964.52%403,311.25166.20
19997-3.77%388,088.73166.70
19998-0.60%385,767.89167.10
19999-1.27%380,859.10167.90
1999107.11%407,922.76168.20
1999112.81%419,380.21168.30
199912-0.12%418,881.43168.30
20001-2.48%408,501.23168.80
200023.94%424,600.07169.80
200031.42%430,649.20171.20
20004-2.84%418,423.96171.30
200053.16%431,660.72171.50
200060.85%435,331.31172.40
200070.94%439,422.17172.80
20008-1.08%434,677.94172.80
20009-5.21%412,012.84173.70
200010-0.77%408,829.77174.00
200011-3.32%395,256.32174.10
2000120.46%397,054.77174.00
20011-2.14%388,572.66175.10
20012-9.08%353,290.64175.80
200130.45%354,875.83176.20
200146.88%379,288.92176.90
20015-2.39%370,229.03177.70
20016-2.66%360,380.09178.00
20017-2.05%353,007.29177.50
20018-11.25%313,303.42177.50
200193.18%323,279.10178.30
2001105.05%339,614.86177.70
2001111.47%344,593.78177.40
200112-0.30%343,567.97176.70
20021-3.35%332,048.92177.10
200224.95%348,469.64177.80
20023-3.51%336,222.91178.80
20024-2.82%326,740.18179.80
20025-5.92%307,394.03179.80
20026-10.76%274,323.04179.90
200271.14%277,447.01180.10
20028-4.76%264,246.83180.70
20029-1.37%260,634.46181.00
2002106.63%277,903.00181.30
200211-1.04%275,026.53181.30
200212-0.22%274,414.55180.90
20031-6.41%256,811.31181.70
200321.31%260,170.14183.10
200335.29%273,922.36184.20
200345.31%288,473.70183.80
200355.70%304,928.77183.50
200360.60%306,745.85183.70
20037-0.17%306,235.65183.90
200383.16%315,916.32184.60
200392.03%322,322.56185.20
2003101.21%326,224.55185.00
2003113.06%336,219.45184.50
2003124.93%352,811.75184.30
200411.09%356,645.63185.20
20042-1.57%351,063.42186.20
200430.97%354,462.19187.40
20044-2.56%345,372.89188.00
200452.86%355,242.53189.10
20046-2.24%347,289.43189.70
20047-1.39%342,470.55189.40
200482.78%352,000.21189.50
200490.10%352,361.35189.90
2004104.77%369,182.71190.90
2004112.73%379,251.98191.00
200412-1.35%374,135.03190.30
200511.68%380,425.01190.70
20052-0.26%379,452.69191.80
20053-2.41%370,311.99193.30
200541.34%375,258.87194.60
200552.18%383,442.14194.40
200561.81%390,373.97194.50
200570.31%391,584.20195.40
200580.28%392,679.42196.40
20059-2.62%382,374.65198.80
2005103.96%397,522.58199.20
2005112.14%406,045.99197.60
2005121.47%412,001.75196.80
20061-0.02%411,933.20198.30
200621.49%418,055.09198.70
200630.80%421,392.56199.80
20064-0.79%418,077.73201.50
20065-2.71%406,765.41202.50
200660.72%409,694.29202.90
200672.29%419,083.50203.50
200682.53%429,691.23203.90
200693.62%445,228.49202.90
2006102.00%454,140.37201.80
2006112.15%463,896.51201.50
2006120.69%467,110.51201.80
200711.60%474,565.82202.42
20072-2.47%462,825.58203.50
200734.18%482,172.89205.35
200743.39%498,527.00206.69
200750.34%500,246.43207.95
200760.57%503,120.94208.35
20077-4.20%481,984.29208.30
200783.07%496,804.07207.92
200792.99%511,666.62208.49
200710-4.81%487,074.34208.94
2007111.24%493,105.40210.18
200712-6.64%460,386.88210.04
20081-1.56%453,186.59211.08
20082-2.63%441,283.03211.69
200834.24%460,010.21213.53
200842.56%471,798.45214.82
20085-4.25%451,763.14216.63
20086-6.08%424,302.85218.82
200872.11%433,257.90219.96
20088-4.85%412,255.57219.09
20089-20.19%329,006.39218.78
200810-8.61%300,694.25216.57
200811-0.35%299,638.16212.43
200812-1.10%296,355.45210.23
20091-6.70%276,492.21211.14
20092-5.69%260,766.89212.19
2009312.32%292,897.93212.71
200946.66%312,404.41213.24
200952.87%321,366.86213.86
200961.28%325,472.78215.69
200978.12%351,903.60215.35
200983.65%364,749.28215.83
200992.40%373,514.60215.97
2009102.09%381,337.22216.18
2009112.23%389,825.24216.33
2009121.36%395,115.04215.95
20101-2.90%383,662.74216.69
201025.94%406,463.95216.74
201034.09%423,079.92217.63
20104-5.88%398,192.68218.01
20105-3.54%384,082.46218.18
20106-0.16%383,471.49217.97
201070.86%386,783.20218.01
201083.37%399,822.26218.31
201094.58%418,123.87218.44
2010102.49%428,538.97218.71
2010113.71%444,453.78218.80
2010123.46%459,841.63219.18
201113.15%474,330.61220.22
20112-1.11%469,053.87221.31
201132.22%479,471.48223.47
201140.66%482,632.32224.91
20115-3.66%464,955.43225.96
201163.10%479,377.12225.72
20117-10.40%429,518.79225.92
20118-0.79%426,128.84226.55
201193.02%438,993.27226.89
2011101.77%446,750.82226.42
2011111.55%453,696.68226.23
2011124.78%475,394.99225.67
201214.16%495,183.82226.67
201222.88%509,464.11227.66
20123-0.04%509,269.45229.39
20124-3.09%493,528.17230.09
20125-1.15%487,840.70229.82
201262.92%502,090.95229.48
201273.39%519,100.29229.10
201283.02%534,783.17230.38
20129-0.22%533,621.97231.41
201210-2.84%518,480.48231.32
2012112.18%529,760.20230.22
2012124.27%552,374.40229.60
201312.33%565,261.42230.28
201322.72%580,650.40232.17
201331.45%589,091.85232.77
201344.57%616,038.50232.53
20135-1.12%609,152.57232.95
201363.25%628,977.30233.50
201370.25%630,565.65233.60
201381.19%638,084.94233.88
201392.12%651,596.70234.15
2013103.86%676,748.30233.55
2013111.52%687,046.12233.07
2013120.97%693,695.40233.05
20141-0.13%692,793.35233.92
201422.72%711,653.05234.78
201430.20%713,088.63236.29
201441.53%724,013.39237.07
201453.20%747,155.16237.90
201461.50%758,331.27238.34
20147-0.43%755,093.57238.25
201481.78%768,519.39237.85
20149-2.65%748,179.88238.03
2014105.71%790,868.42237.43
2014110.63%795,881.64236.15
201412-1.11%787,046.99234.81
201512.83%809,299.94233.71
201520.06%809,748.00234.72
201530.88%816,860.90236.12
201540.98%824,857.19236.60
20155-0.44%821,264.93237.81
20156-0.08%820,610.96238.64
20157-2.42%800,716.09238.65
20158-4.51%764,627.05238.32
201594.32%797,636.91237.95
2015102.93%821,027.37237.84
201511-1.10%811,971.69237.34
201512-6.42%759,846.18236.53
20161-0.55%755,667.71236.92
201626.36%803,748.79237.11
201632.83%826,505.01238.13
20164-0.30%823,989.42239.26
201651.07%832,777.18240.23
201663.30%860,237.50241.02
201671.20%870,553.96240.63
20168-0.44%866,735.09240.85
20169-0.51%862,349.58241.43
2016101.20%872,707.78241.73
2016113.95%907,144.51241.35
2016121.44%920,185.94241.43
201712.58%943,894.03242.84
201721.75%960,405.16243.60
20173-0.15%958,926.09243.80
201741.69%975,154.70244.52
201751.78%992,477.62244.73
201760.99%1,002,282.15244.96
201770.25%1,004,765.86244.79
201781.65%1,021,377.28245.52
201792.73%1,049,309.90246.82
2017101.59%1,065,989.41246.66
2017112.88%1,096,727.06246.67
2017124.86%1,150,048.82246.52
20181-2.89%1,116,850.51247.87
201820.06%1,117,571.76248.99
20183-1.66%1,098,975.68249.55
201841.96%1,120,533.42250.55
201852.11%1,144,209.95251.59
201861.58%1,162,296.95251.99
201872.45%1,190,782.59252.01
201881.68%1,210,784.73252.15
20189-3.85%1,164,181.79252.44
201810-2.08%1,140,012.12252.89
201811-5.56%1,076,598.80252.04
2018121.74%1,095,284.65251.23
201915.83%1,159,127.72251.71
201921.95%1,181,707.78252.78
201933.72%1,225,705.36254.20
20194-1.53%1,206,930.14255.55
201951.40%1,223,884.49256.09
201963.83%1,270,726.75256.14
20197-3.13%1,230,896.92256.57
201983.09%1,268,872.88256.56
201990.01%1,268,997.27256.76
2019104.43%1,325,260.70257.35
2019112.47%1,357,985.63257.21
2019123.35%1,403,429.23256.97
202010.12%1,405,142.49257.97
20202-18.92%1,139,321.72258.68
202034.32%1,188,524.63258.12
202045.89%1,258,497.42256.39
202056.51%1,340,403.85256.39
202063.48%1,387,002.12257.80
202075.89%1,468,745.16259.10
20208-0.63%1,459,536.09259.92
202091.73%1,484,727.70260.28
2020103.95%1,543,435.56260.39
2020114.26%1,609,187.16260.23
2020122.80%1,654,168.77260.47
202112.49%1,695,382.85261.58
202120.82%1,709,308.01263.01
202136.02%1,812,233.76264.88
202140.76%1,826,010.93267.05
202151.81%1,859,069.45269.20
202163.07%1,916,109.44271.70
202172.19%1,957,979.53273.00
20218-0.08%1,956,325.06273.57
202190.45%1,965,171.10274.31
2021104.74%2,058,413.44276.59
2021110.27%2,063,876.54277.95
202112-2.05%2,021,526.77278.80
20221-2.90%1,962,850.54281.15
20222-0.89%1,945,330.46283.72
202230.12%1,947,631.82287.50
20224-7.87%1,794,300.02289.11
20225-3.37%1,733,843.15292.30
202260.46%1,741,900.06296.31
202276.45%1,854,207.22296.28
20228-7.28%1,719,269.07296.17
20229-3.09%1,666,123.45296.81
2022105.29%1,754,179.64298.01
2022110.01%1,754,369.75297.71
2022121.38%1,778,517.88296.80
202313.15%1,834,487.34299.17
20232-2.59%1,787,058.00300.84
202334.00%1,858,472.80301.84
202340.74%1,872,182.66303.36
202354.94%1,964,709.42304.13
202363.88%2,040,862.39305.11
20237-1.00%2,020,501.99305.69
20238-0.95%2,001,234.95307.03
20239-3.04%1,940,451.19307.79
2023104.60%2,029,745.39307.67
2023115.18%2,134,789.73307.05
2023122.91%2,196,951.32306.75
202414.20%2,289,207.27308.42
202423.28%2,364,341.80310.33
20243-1.01%2,340,482.56312.33
20244-0.94%2,318,374.31313.55
Click to show 1194 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 1924. This would result in a final amount of $1,943,586.86, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $2,318,374.31).

YearMonthContribution ($)Amount ($)
192414.164.18
192424.168.20
192434.1612.12
192444.1616.28
192454.1620.92
192464.1626.35
192474.1631.69
192484.1635.66
192494.1639.47
1924104.1646.27
1924114.1653.37
1924124.1660.15
192514.1665.12
192524.1667.74
192534.1671.45
192544.1678.36
192554.1684.35
192564.1691.34
192574.1697.19
192584.16104.11
192594.16112.29
1925104.16120.54
1925114.16127.22
1925124.32134.06
19261-134.81
19262-126.20
19263-123.23
19264-124.65
19265-131.16
19266-137.26
19267-143.29
19268-146.08
19269-143.40
192610-145.89
192611-149.84
192612-149.48
19271-153.02
19272-156.03
19273-160.52
19274-166.73
19275-169.57
19276-174.02
19277-183.99
19278-195.14
19279-192.87
192710-197.99
192711-203.37
192712-204.93
19281-203.23
19282-214.91
19283-229.23
19284-237.10
19285-226.28
19286-228.75
19287-236.96
19288-254.44
19289-260.44
192810-278.88
192811-280.82
192812-302.42
19291-304.87
19292-311.13
19293-310.19
19294-315.76
19295-322.71
19296-352.40
19297-373.40
19298-389.25
19299-349.06
192910-257.64
192911-268.90
192912-273.81
19301-291.99
19302-304.02
19303-324.35
19304-306.02
19305-276.13
19306-271.27
19307-268.84
19308-269.76
19309-233.69
193010-217.80
193011-204.32
193012-211.59
19311-228.81
19312-234.26
19313-212.99
19314-193.48
19315-188.30
19316-195.56
19317-190.70
19318-163.30
19319-142.48
193110-145.40
193111-119.09
193112-118.08
19321-118.02
19322-119.37
19323-91.64
19324-81.27
19325-71.20
19326-75.61
19327-114.43
19328-126.30
19329-109.60
193210-109.24
193211-106.35
193212-111.21
19331-98.68
19332-99.01
19333-110.14
19334-142.44
19335-167.48
19336-181.65
19337-173.22
19338-172.38
19339-156.22
193310-160.59
193311-164.32
193312-174.32
19341-187.83
19342-178.82
19343-182.43
19344-164.50
19345-167.30
19346-160.02
19347-154.39
19348-151.29
19349-153.12
193410-158.03
193411-159.71
193412-160.35
19351-156.16
19352-146.90
19353-158.55
19354-171.66
19355-178.82
19356-188.84
19357-202.25
19358-207.18
19359-213.36
193510-234.08
193511-234.77
193512-248.44
19361-263.42
19362-269.77
19363-270.89
19364-257.30
19365-269.06
19366-285.84
19367-292.41
19368-296.63
19369-313.09
193610-322.80
193611-318.28
193612-329.29
19371-340.16
19372-340.95
19373-321.77
19374-308.62
19375-298.32
19376-317.39
19377-321.95
19378-277.64
19379-238.50
193710-218.79
193711-216.56
193712-223.57
19381-219.54
19382-206.33
19383-199.22
19384-202.32
19385-208.26
19386-250.92
19387-253.57
19388-243.22
19389-271.47
193810-272.74
193811-265.78
193812-262.69
19391-261.49
19392-262.19
19393-230.09
19394-239.52
19395-244.72
19396-251.66
19397-248.97
19398-276.50
19399-280.32
193910-276.38
193911-270.92
193912-270.52
19401-269.90
19402-269.51
19403-273.34
19404-236.87
19405-217.70
19406-226.12
19407-232.11
19408-243.16
19409-246.72
194010-253.75
194011-244.64
194012-246.41
19411-232.30
19412-235.03
19413-229.05
19414-225.41
19415-234.67
19416-248.07
19417-248.26
19418-250.40
19419-241.80
194110-231.93
194111-218.29
194112-224.00
19421-218.45
19422-208.04
19423-200.86
19424-204.62
19425-216.38
19426-225.86
19427-225.96
19428-229.72
19429-248.02
194210-253.37
194211-256.04
194212-272.69
19431-290.24
19432-301.89
19433-313.32
19434-326.99
19435-334.12
19436-342.38
19437-326.84
19438-335.19
19439-333.51
194310-319.48
194311-325.13
194312-337.05
19441-336.23
19442-347.13
19443-342.58
19444-350.13
19445-368.14
19446-379.25
19447-375.25
19448-370.65
19449-381.34
194410-380.26
194411-390.14
194412-403.35
19451-418.40
19452-419.72
19453-431.90
19454-449.87
19455-459.71
19456-451.92
19457-455.11
19458-487.78
19459-509.80
194510-528.19
194511-538.88
194512-562.04
19461-565.34
19462-550.20
19463-587.44
19464-590.49
19465-588.49
19466-573.49
19467-564.18
19468-482.81
19469-473.78
194610-473.71
194611-489.79
194612-494.30
19471-515.40
19472-496.47
19473-480.10
19474-473.56
19475-492.13
19476-525.07
19477-516.88
19478-505.68
19479-520.99
194710-517.18
194711-511.38
194712-506.96
19481-484.40
19482-493.70
19483-534.12
19484-562.59
19485-588.40
19486-576.88
19487-562.53
19488-558.71
19489-576.53
194810-547.12
194811-546.26
194812-555.16
19491-536.68
19492-544.69
19493-546.94
19494-545.94
19495-519.12
19496-551.63
19497-574.64
19498-585.39
19499-603.78
194910-615.54
194911-635.50
194912-652.21
19501-668.66
19502-677.86
19503-700.81
19504-728.24
19505-744.01
19506-693.98
19507-740.05
19508-770.45
19509-806.83
195010-809.86
195011-811.44
195012-876.46
19511-914.22
19512-904.05
19513-921.47
19514-927.26
19515-916.64
19516-938.33
19517-984.93
19518-1,015.81
19519-1,016.10
195110-993.20
195111-1,029.09
195112-1,068.54
19521-1,054.31
19522-1,062.21
19523-1,064.37
19524-1,069.26
19525-1,103.96
19526-1,141.13
19527-1,151.18
19528-1,138.41
19529-1,120.08
195210-1,161.15
195211-1,213.51
195212-1,225.51
19531-1,216.03
19532-1,227.67
19533-1,172.76
19534-1,184.52
19535-1,147.71
19536-1,169.67
19537-1,180.18
19538-1,131.71
19539-1,171.51
195310-1,203.24
195311-1,225.34
195312-1,262.39
19541-1,296.18
19542-1,329.65
19543-1,388.83
19544-1,450.25
19545-1,467.99
19546-1,533.42
19547-1,570.14
19548-1,613.15
19549-1,656.88
195410-1,728.16
195411-1,813.76
195412-1,853.10
19551-1,921.75
19552-1,913.36
19553-1,986.23
19554-1,984.66
19555-2,106.62
19556-2,267.66
19557-2,260.87
19558-2,369.76
19559-2,257.79
195510-2,417.33
195511-2,447.24
195512-2,388.81
19561-2,411.48
19562-2,585.26
19563-2,623.59
19564-2,549.12
19565-2,542.44
19566-2,688.60
19567-2,680.95
19568-2,598.14
19569-2,573.36
195610-2,555.03
195611-2,601.25
195612-2,552.80
19571-2,450.79
19572-2,490.51
19573-2,556.36
19574-2,662.71
19575-2,714.74
19576-2,777.78
19577-2,633.19
19578-2,534.73
19579-2,385.26
195710-2,342.32
195711-2,349.77
195712-2,404.49
19581-2,421.36
19582-2,479.94
19583-2,502.17
19584-2,591.19
19585-2,662.06
19586-2,743.81
19587-2,855.05
19588-2,939.10
19589-3,067.21
195810-3,169.24
195811-3,237.77
195812-3,375.53
19591-3,332.83
19592-3,426.35
19593-3,492.70
19594-3,554.36
19595-3,532.81
19596-3,682.16
19597-3,670.44
19598-3,534.51
19599-3,540.76
195910-3,564.45
195911-3,687.89
195912-3,633.10
19601-3,501.97
19602-3,464.21
19603-3,519.10
19604-3,497.12
19605-3,636.59
19606-3,556.72
19607-3,609.75
19608-3,511.53
19609-3,452.75
196010-3,575.01
196011-3,671.20
196012-3,870.43
19611-4,039.73
19612-4,176.96
19613-4,298.89
19614-4,353.20
19615-4,306.18
19616-4,304.97
19617-4,470.24
19618-4,446.02
19619-4,505.74
196110-4,720.75
196111-4,775.66
196112-4,609.12
19621-4,697.13
19622-4,713.15
19623-4,574.35
19624-4,245.68
19625-3,761.13
19626-3,863.33
19627-3,980.12
19628-3,956.51
19629-3,843.50
196210-4,120.26
196211-4,310.77
196212-4,489.53
19631-4,561.16
19632-4,556.22
19633-4,783.04
19634-4,891.59
19635-4,902.19
19636-4,842.29
19637-4,989.07
19638-5,133.43
19639-5,159.09
196310-5,143.28
196311-5,266.37
196312-5,441.75
19641-5,522.29
19642-5,636.66
19643-5,732.09
19644-5,802.04
19645-5,781.70
19646-6,010.71
19647-5,937.04
19648-6,053.73
19649-6,173.00
196410-6,230.84
196411-6,137.98
196412-6,311.12
19651-6,372.65
19652-6,394.04
19653-6,493.64
19654-6,606.14
19655-6,308.38
19656-6,314.87
19657-6,448.66
19658-6,680.56
19659-6,847.36
196510-6,921.04
196511-6,906.39
196512-7,043.17
19661-7,012.85
19662-6,741.99
19663-6,965.89
19664-6,617.07
19665-6,580.05
19666-6,581.26
19667-6,201.55
19668-6,001.56
19669-5,967.69
196610-6,284.94
196611-6,329.92
196612-6,591.37
19671-6,837.23
19672-7,017.30
19673-7,157.12
19674-7,304.39
19675-7,231.94
19676-7,376.03
19677-7,512.61
19678-7,636.86
19679-7,644.30
196710-7,424.02
196711-7,655.03
196712-7,653.69
19681-7,327.88
19682-7,213.62
19683-7,766.31
19684-7,964.94
19685-8,199.17
19686-8,203.18
19687-8,044.54
19688-8,326.71
19689-8,552.96
196810-8,705.70
196811-8,817.60
196812-8,466.20
19691-8,446.01
19692-8,284.37
19693-8,472.77
19694-8,770.46
19695-8,334.46
19696-7,983.96
19697-7,961.32
19698-8,011.36
19699-8,119.23
196910-8,200.21
196911-7,787.95
196912-7,742.07
19701-7,494.63
19702-7,645.44
19703-7,435.37
19704-6,602.68
19705-6,584.86
19706-6,619.27
19707-6,834.78
19708-7,266.83
19709-7,447.73
197010-7,463.13
197011-7,997.37
197012-8,326.12
19711-8,671.74
19712-8,917.31
19713-9,244.92
19714-9,142.50
19715-8,996.60
19716-8,954.94
19717-8,819.09
19718-9,038.37
19719-8,869.92
197110-8,482.17
197111-9,089.80
197112-9,491.80
19721-9,689.89
19722-9,943.73
19723-10,068.91
19724-9,990.78
19725-10,042.34
19726-9,991.75
19727-10,369.80
19728-10,244.28
19729-10,287.04
197210-10,827.54
197211-11,077.83
197212-11,187.43
19731-10,815.43
19732-10,669.92
19733-10,495.65
19734-10,225.94
19735-10,022.46
19736-10,143.76
19737-9,977.87
19738-10,176.95
19739-10,607.98
197310-9,881.03
197311-9,208.60
197312-9,365.18
19741-9,133.60
19742-9,551.43
19743-9,091.37
19744-8,845.38
19745-8,885.83
19746-7,877.57
19747-7,581.00
19748-6,821.87
19749-6,984.02
197410-7,245.46
197411-6,804.08
197412-7,391.46
19751-8,190.29
19752-8,597.65
19753-8,725.50
19754-9,311.21
19755-9,580.73
19756-9,622.12
19757-8,948.93
19758-8,872.63
19759-9,313.71
197510-9,503.87
197511-9,391.76
197512-10,288.23
19761-10,718.08
19762-10,804.09
19763-10,922.44
19764-10,880.58
19765-10,978.56
19766-11,271.18
19767-11,207.99
19768-11,481.23
19769-11,124.37
197610-11,083.58
197611-11,503.26
197612-11,441.46
19771-11,170.46
19772-11,164.41
19773-11,031.14
19774-11,038.26
19775-11,137.58
19776-11,280.41
19777-11,045.93
19778-10,916.10
19779-10,676.18
197710-10,780.93
197711-10,772.29
197712-10,407.07
19781-10,305.92
19782-10,333.30
19783-10,832.39
19784-11,428.64
19785-11,505.62
19786-11,498.46
19787-12,341.08
19788-12,390.41
19789-12,046.76
197810-11,391.70
197811-11,610.74
197812-12,096.68
19791-11,968.83
19792-12,249.04
19793-12,546.80
19794-12,309.29
19795-12,606.88
19796-12,786.00
19797-13,427.14
19798-13,633.98
19799-13,176.89
197910-13,134.41
197911-13,712.85
197912-14,167.08
19801-14,789.84
19802-13,491.62
19803-13,334.84
19804-14,006.40
19805-14,967.61
19806-15,711.42
19807-16,262.06
19808-16,723.22
19809-17,279.23
198010-18,076.61
198011-17,851.60
198012-17,853.38
19811-17,305.25
19812-18,022.26
19813-18,255.43
19814-17,960.19
19815-18,114.21
19816-17,748.99
19817-17,891.43
19818-16,405.96
19819-16,689.34
198110-17,197.31
198111-17,400.13
198112-16,564.21
19821-16,247.19
19822-15,801.28
19823-16,665.50
19824-16,760.43
19825-15,877.06
19826-15,915.77
19827-16,042.14
19828-17,982.66
19829-19,579.77
198210-20,460.84
198211-20,738.19
198212-21,552.32
19831-22,011.38
19832-22,862.26
19833-23,821.88
19834-24,875.76
19835-25,311.96
19836-25,491.20
19837-24,877.58
19838-25,701.98
19839-25,868.51
198310-25,573.24
198311-25,540.48
198312-25,942.98
19841-24,616.72
19842-24,725.62
19843-24,851.03
19844-24,788.26
19845-24,330.10
19846-24,109.07
19847-26,328.69
19848-26,699.12
19849-26,589.02
198410-26,930.93
198411-26,740.37
198412-27,996.52
19851-29,616.78
19852-29,475.12
19853-29,777.15
19854-30,591.75
19855-31,359.90
19856-32,064.62
19857-31,472.93
19858-30,879.67
19859-31,341.49
198510-33,353.78
198511-35,119.70
198512-35,383.70
19861-37,399.60
19862-39,711.93
19863-40,800.61
19864-41,001.28
19865-42,285.94
19866-41,523.14
19867-42,470.22
19868-41,427.06
19869-41,389.82
198610-42,852.11
198611-43,584.42
198612-46,492.97
19871-49,497.29
19872-51,663.49
19873-51,221.04
19874-51,309.57
19875-53,617.70
19876-55,291.70
19877-58,860.23
19878-57,076.51
19879-50,310.73
198710-44,120.79
198711-43,531.91
198712-45,380.52
19881-46,891.04
19882-48,406.58
19883-47,977.69
19884-46,927.81
19885-49,742.63
19886-49,589.96
19887-48,737.76
19888-49,677.02
19889-51,565.55
198810-50,523.80
198811-51,698.96
198812-53,514.97
19891-55,280.88
19892-55,191.52
19893-57,158.99
19894-59,511.25
19895-61,530.24
19896-63,253.20
19897-66,220.25
19898-66,521.91
19899-66,712.33
198910-65,502.47
198911-67,295.08
198912-65,807.03
19901-64,143.97
19902-65,880.45
19903-66,009.57
19904-68,551.55
19905-70,724.60
19906-70,844.64
19907-65,275.38
19908-62,441.73
19909-60,995.73
199010-62,815.73
199011-65,696.84
199012-65,246.70
19911-72,819.74
19912-75,036.82
19913-76,731.78
19914-76,594.52
19915-76,860.31
19916-77,460.20
19917-79,535.30
19918-79,294.23
19919-79,438.27
199110-79,450.81
199111-80,193.79
199112-86,094.47
19921-85,577.17
19922-84,710.81
19923-84,934.70
19924-86,691.45
19925-85,539.21
19926-87,174.84
19927-87,995.78
19928-88,328.57
19929-87,284.48
199210-89,690.83
199211-92,624.79
199212-92,757.15
19931-94,356.51
19932-96,385.32
19933-95,092.07
19934-95,781.23
19935-96,609.91
19936-96,668.85
19937-98,372.60
19938-99,705.52
19939-100,943.77
199310-100,951.39
199311-101,847.01
199312-103,614.95
19941-103,536.51
19942-102,062.34
19943-98,646.95
19944-99,690.87
19945-100,795.54
19946-100,272.54
19947-103,363.02
19948-104,207.97
19949-103,745.28
199410-103,361.55
199411-102,301.36
199412-104,808.94
19951-108,811.70
19952-111,595.28
19953-115,183.69
19954-119,039.76
19955-122,823.35
19956-127,180.48
19957-127,833.08
19958-132,585.48
19959-133,795.41
199510-136,950.82
199511-141,592.28
199512-141,822.48
19961-150,196.23
19962-149,894.80
19963-150,190.15
19964-153,726.87
19965-155,692.41
19966-150,279.66
19967-154,901.89
19968-158,036.68
19969-164,547.00
199610-172,860.05
199611-174,931.31
199612-180,629.76
19971-188,507.32
19972-187,331.63
19973-180,952.53
19974-197,632.43
19975-208,179.72
19976-220,120.75
19977-220,886.31
19978-223,519.29
19979-227,197.03
199710-224,579.62
199711-230,496.43
199712-231,042.91
19981-245,834.64
19982-258,895.52
19983-267,712.66
19984-267,118.72
19985-267,429.80
19986-279,377.67
19987-259,902.24
19988-247,171.05
19989-250,361.68
199810-277,837.33
199811-289,240.07
199812-303,840.00
19991-303,637.31
19992-312,514.17
19993-325,796.10
19994-325,474.11
19995-323,482.96
19996-338,112.11
19997-325,350.46
19998-323,404.81
19999-319,289.58
199910-341,978.13
199911-351,583.38
199912-351,165.23
20001-342,463.08
20002-355,959.40
20003-361,030.63
20004-350,781.71
20005-361,878.62
20006-364,955.83
20007-368,385.36
20008-364,408.08
20009-345,407.01
200010-342,738.52
200011-331,359.35
200012-332,867.06
20011-325,756.16
20012-296,177.82
20013-297,506.75
20014-317,973.23
20015-310,377.95
20016-302,121.19
20017-295,940.28
20018-262,654.91
20019-271,017.93
200110-284,712.86
200111-288,886.89
200112-288,026.91
20021-278,370.03
20022-292,136.18
20023-281,869.25
20024-273,919.49
20025-257,700.83
20026-229,976.09
20027-232,595.04
20028-221,528.79
20029-218,500.40
200210-232,977.31
200211-230,565.86
200212-230,052.81
20031-215,295.30
20032-218,111.14
20033-229,640.19
20034-241,839.16
20035-255,634.11
20036-257,157.44
20037-256,729.72
20038-264,845.41
20039-270,216.03
200310-273,487.22
200311-281,866.35
200312-295,776.35
20041-298,990.44
20042-294,310.65
20043-297,159.98
20044-289,540.05
20045-297,814.16
20046-291,146.76
20047-287,106.90
20048-295,096.00
20049-295,398.76
200410-309,500.79
200411-317,942.26
200412-313,652.51
20051-318,925.66
20052-318,110.52
20053-310,447.50
20054-314,594.68
20055-321,455.04
20056-327,266.27
20057-328,280.86
20058-329,199.03
20059-320,560.12
200510-333,259.25
200511-340,404.76
200512-345,397.72
20061-345,340.24
20062-350,472.47
20063-353,270.41
20064-350,491.45
20065-341,007.88
20066-343,463.28
20067-351,334.63
20068-360,227.52
20069-373,253.03
200610-380,724.22
200611-388,903.19
200612-391,597.61
20071-397,847.70
20072-388,005.38
20073-404,225.01
20074-417,935.33
20075-419,376.79
20076-421,786.62
20077-404,066.91
20078-416,490.93
20079-428,950.81
200710-408,334.10
200711-413,390.18
200712-385,960.92
20081-379,924.63
20082-369,945.39
20083-385,645.14
20084-395,527.70
20085-378,731.29
20086-355,710.22
20087-363,217.61
20088-345,610.50
20089-275,819.35
200810-252,084.14
200811-251,198.77
200812-248,446.75
20091-231,794.59
20092-218,611.42
20093-245,548.17
20094-261,901.24
20095-269,414.83
20096-272,856.98
20097-295,015.00
20098-305,784.06
20099-313,132.39
200910-319,690.40
200911-326,806.25
200912-331,240.91
20101-321,639.98
20102-340,755.16
20103-354,684.99
20104-333,821.01
20105-321,991.85
20106-321,479.65
20107-324,255.98
20108-335,187.15
20109-350,530.13
201010-359,261.54
201011-372,603.56
201012-385,503.82
20111-397,650.52
20112-393,226.81
20113-401,960.31
20114-404,610.17
20115-389,790.92
20116-401,881.21
20117-360,082.96
20118-357,241.02
20119-368,025.79
201110-374,529.26
201111-380,352.26
201112-398,542.83
20121-415,132.60
20122-427,104.35
20123-426,941.15
20124-413,744.61
20125-408,976.57
20126-420,923.13
20127-435,182.75
20128-448,330.34
20129-447,356.86
201210-434,663.13
201211-444,119.38
201212-463,077.78
20131-473,881.49
20132-486,782.69
20133-493,859.50
20134-516,449.96
20135-510,677.21
20136-527,297.09
20137-528,628.66
20138-534,932.39
20139-546,259.85
201310-567,345.44
201311-575,978.52
201312-581,552.89
20141-580,796.66
20142-596,607.51
20143-597,811.01
20144-606,969.68
20145-626,370.36
20146-635,739.75
20147-633,025.45
20148-644,280.86
20149-627,229.42
201410-663,016.95
201411-667,219.74
201412-659,813.29
20151-678,468.84
20152-678,844.47
20153-684,807.50
20154-691,511.11
20155-688,499.58
20156-687,951.32
20157-671,272.65
20158-641,017.75
20159-668,691.25
201510-688,300.42
201511-680,708.68
201512-637,009.75
20161-633,506.78
20162-673,815.09
20163-692,892.55
20164-690,783.62
20165-698,150.76
20166-721,171.86
20167-729,820.56
20168-726,619.05
20169-722,942.50
201610-731,626.20
201611-760,495.90
201612-771,429.05
20171-791,304.50
20172-805,146.45
20173-803,906.49
20174-817,511.59
20175-832,034.09
20176-840,253.63
20177-842,335.82
20178-856,261.85
20179-879,678.89
201710-893,661.99
201711-919,430.61
201712-964,132.39
20181-936,300.91
20182-936,905.56
20183-921,315.72
20184-939,388.44
20185-959,237.43
20186-974,400.50
20187-998,281.16
20188-1,015,049.76
20189-975,980.64
201810-955,718.22
201811-902,556.28
201812-918,221.37
20191-971,743.60
20192-990,673.38
20193-1,027,558.33
20194-1,011,818.31
20195-1,026,031.82
20196-1,065,301.58
20197-1,031,910.62
20198-1,063,747.41
20199-1,063,851.69
201910-1,111,019.60
201911-1,138,454.22
201912-1,176,551.43
20201-1,177,987.72
20202-955,139.43
20203-996,388.22
20204-1,055,049.24
20205-1,123,714.71
20206-1,162,779.92
20207-1,231,308.41
20208-1,223,588.08
20209-1,244,707.22
202010-1,293,924.40
202011-1,349,046.62
202012-1,386,756.52
20211-1,421,307.95
20212-1,432,981.97
20213-1,519,268.78
20214-1,530,818.74
20215-1,558,533.03
20216-1,606,351.97
20217-1,641,453.36
20218-1,640,066.35
20219-1,647,482.34
202110-1,725,651.16
202111-1,730,231.10
202112-1,694,727.57
20221-1,645,536.92
20222-1,630,849.13
20223-1,632,778.45
20224-1,504,234.21
20225-1,453,550.77
20226-1,460,305.20
20227-1,554,456.83
20228-1,441,332.73
20229-1,396,778.61
202210-1,470,599.67
202211-1,470,759.05
202212-1,491,003.40
20231-1,537,924.86
20232-1,498,162.93
20233-1,558,032.84
20234-1,569,526.37
20235-1,647,095.30
20236-1,710,937.40
20237-1,693,868.46
20238-1,677,716.12
20239-1,626,758.64
202310-1,701,617.57
202311-1,789,680.49
202312-1,841,793.06
20241-1,919,134.95
20242-1,982,123.27
20243-1,962,121.10
20244-1,943,586.86
Click to show 1194 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 1924 to 2024
Start Value
Average monthly close
$8.83
End Value
Average monthly close
$5,064.20
Change in price+57,252.21%
+6.56% / yr
Change incl. dividends+2,318,274.31%
+10.54% / yr
Change incl. dividends, inflation-adjusted+126,337.42%
+7.38% / yr
Final amount, nominal
($100 base)
$2,318,374.31
Final amount, inflation-adjusted
($100 base)
$126,437.42