S&P 500: $100 in 1943 → $743,585.09 in 2024

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Stock market returns since 1943

If you invested $100 in the S&P 500 at the beginning of 1943, you would have about $743,585.09 at the end of 2024, assuming you reinvested all dividends. This is a return on investment of 743,485.09%, or 11.57% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 40,859.22% cumulatively, or 7.67% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $596,908.29.

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 $743,485.09, or 743,485.09%. This means by 2024 you would have $743,585.09 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 1943 was 17.300 and the CPI in 2024 was 314.069.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 81 years.

Adjusted for inflation, the $743,585.09 nominal end value of the original $100 investment would have a real return of roughly $40,859.22 in 1943 dollars. This means the inflation-adjusted return is 40,859.22% as opposed to the original 743,485.09%.

For more information on inflation, see our U.S. inflation calculator for 1943.

Full monthly data

The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 977-month period between 1943 and 2024.

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

YearMonthReturn (%)Amount ($)CPI
194316.43%106.4316.90
194324.01%110.7116.90
194333.79%114.9017.20
194344.36%119.9117.40
194352.18%122.5317.50
194362.47%125.5617.50
19437-4.54%119.8617.40
194382.55%122.9217.30
19439-0.50%122.3017.40
194310-4.21%117.1617.40
1943111.77%119.2317.40
1943123.67%123.6017.40
19441-0.24%123.3017.40
194423.24%127.3017.40
19443-1.31%125.6317.40
194442.20%128.4017.50
194455.14%135.0017.50
194463.02%139.0817.60
19447-1.06%137.6117.70
19448-1.23%135.9217.70
194492.88%139.8417.70
194410-0.28%139.4417.70
1944112.60%143.0717.70
1944123.38%147.9117.80
194513.73%153.4317.80
194520.31%153.9217.80
194532.90%158.3817.80
194544.16%164.9717.80
194552.19%168.5817.90
19456-1.70%165.7218.10
194570.71%166.8918.10
194587.18%178.8818.10
194594.51%186.9518.10
1945103.61%193.6918.10
1945112.02%197.6118.10
1945124.30%206.1118.20
194610.59%207.3218.20
19462-2.68%201.7618.10
194636.77%215.4218.30
194640.52%216.5418.40
19465-0.34%215.8018.50
19466-2.55%210.3118.70
19467-1.62%206.8919.80
19468-14.42%177.0520.20
19469-1.87%173.7420.40
194610-0.01%173.7220.80
1946113.39%179.6121.30
1946120.92%181.2621.50
194714.27%189.0021.50
19472-3.67%182.0621.50
19473-3.30%176.0621.90
19474-1.36%173.6621.90
194753.92%180.4721.90
194766.69%192.5522.00
19477-1.56%189.5522.20
19478-2.17%185.4422.50
194793.03%191.0523.00
194710-0.73%189.6623.00
194711-1.12%187.5323.10
194712-0.86%185.9123.40
19481-4.45%177.6423.70
194821.92%181.0423.50
194838.19%195.8723.40
194845.33%206.3123.80
194854.59%215.7723.90
19486-1.96%211.5524.10
19487-2.49%206.2824.40
19488-0.68%204.8924.50
194893.19%211.4224.50
194810-5.10%200.6424.40
194811-0.16%200.3224.20
1948121.63%203.5824.10
19491-3.33%196.8124.00
194921.49%199.7423.80
194930.41%200.5723.80
19494-0.18%200.2023.90
19495-4.91%190.3723.80
194966.26%202.2923.90
194974.17%210.7323.70
194981.87%214.6723.80
194993.14%221.4123.90
1949101.95%225.7323.70
1949113.24%233.0423.80
1949122.63%239.1723.60
195012.52%245.2123.50
195021.38%248.5823.50
195033.39%256.9923.60
195043.91%267.0523.60
195052.16%272.8423.70
19506-6.72%254.4923.80
195076.64%271.3824.10
195084.11%282.5324.30
195094.72%295.8724.40
1950100.38%296.9924.60
1950110.19%297.5624.70
1950128.01%321.4125.00
195114.31%335.2625.40
19512-1.11%331.5325.70
195131.93%337.9125.80
195140.63%340.0425.80
19515-1.15%336.1425.90
195162.37%344.1025.90
195174.97%361.1825.90
195183.14%372.5125.90
195190.03%372.6126.10
195110-2.25%364.2226.20
1951113.61%377.3826.40
1951123.83%391.8526.50
19521-1.33%386.6326.50
195220.75%389.5326.30
195230.20%390.3226.30
195240.46%392.1126.40
195253.24%404.8326.40
195263.37%418.4626.50
195270.88%422.1526.70
19528-1.11%417.4726.70
19529-1.61%410.7426.70
1952103.67%425.8126.70
1952114.51%445.0126.70
1952120.99%449.4126.70
19531-0.77%445.9326.60
195320.96%450.2026.50
19533-4.47%430.0626.60
195341.00%434.3826.60
19535-3.11%420.8826.70
195361.91%428.9326.80
195370.90%432.7926.80
19538-4.11%415.0126.90
195393.52%429.6126.90
1953102.71%441.2427.00
1953111.84%449.3526.90
1953123.02%462.9326.90
195412.68%475.3226.90
195422.58%487.6026.90
195434.45%509.3026.90
195444.42%531.8226.80
195451.22%538.3326.90
195464.46%562.3226.90
195472.39%575.7926.90
195482.74%591.5626.90
195492.71%607.6026.80
1954104.30%633.7426.80
1954114.95%665.1326.80
1954122.17%679.5526.70
195513.70%704.7326.70
19552-0.44%701.6526.70
195533.81%728.3726.70
19554-0.08%727.8026.70
195556.15%772.5226.70
195567.64%831.5726.70
19557-0.30%829.0926.80
195584.82%869.0226.80
19559-4.72%827.9626.90
1955107.07%886.4626.90
1955111.24%897.4326.90
195512-2.39%876.0026.80
195610.95%884.3226.80
195627.21%948.0426.80
195631.48%962.1026.80
19564-2.84%934.7926.90
19565-0.26%932.3427.00
195665.75%985.9427.20
19567-0.28%983.1327.40
19568-3.09%952.7727.30
19569-0.95%943.6827.40
195610-0.71%936.9627.50
1956111.81%953.9127.50
195612-1.86%936.1427.60
19571-4.00%898.7327.60
195721.62%913.3027.70
195732.64%937.4527.80
195744.16%976.4427.90
195751.95%995.5328.00
195762.32%1,018.6428.10
19577-5.21%965.6228.30
19578-3.74%929.5128.30
19579-5.90%874.7028.30
195710-1.80%858.9528.30
1957110.32%861.6928.40
1957122.33%881.7528.40
195810.70%887.9428.60
195822.42%909.4228.60
195830.90%917.5728.80
195843.56%950.2228.90
195852.74%976.2128.90
195863.07%1,006.1928.90
195874.05%1,046.9829.00
195882.94%1,077.8028.90
195894.36%1,124.7828.90
1958103.33%1,162.1928.90
1958112.16%1,187.3329.00
1958124.25%1,237.8428.90
19591-1.27%1,222.1829.00
195922.81%1,256.4828.90
195931.94%1,280.8128.90
195941.77%1,303.4229.00
19595-0.61%1,295.5229.00
195964.23%1,350.2929.10
19597-0.32%1,345.9929.20
19598-3.70%1,296.1429.20
195990.18%1,298.4429.30
1959100.67%1,307.1229.40
1959113.46%1,352.3929.40
195912-1.49%1,332.3029.40
19601-3.61%1,284.2129.30
19602-1.08%1,270.3729.40
196031.58%1,290.4929.40
19604-0.62%1,282.4329.50
196053.99%1,333.5829.50
19606-2.20%1,304.2929.60
196071.49%1,323.7329.60
19608-2.72%1,287.7229.60
19609-1.67%1,266.1629.60
1960103.54%1,311.0029.80
1960112.69%1,346.2729.80
1960125.43%1,419.3329.80
196114.37%1,481.4129.80
196123.40%1,531.7429.80
196132.92%1,576.4529.80
196141.26%1,596.3729.80
19615-1.08%1,579.1229.80
19616-0.03%1,578.6829.80
196173.84%1,639.2930.00
19618-0.54%1,630.4129.90
196191.34%1,652.3030.00
1961104.77%1,731.1530.00
1961111.16%1,751.2930.00
196112-3.49%1,690.2230.00
196211.91%1,722.4930.00
196220.34%1,728.3630.10
19623-2.94%1,677.4730.10
19624-7.19%1,556.9430.20
19625-11.41%1,379.2530.20
196262.72%1,416.7330.20
196273.02%1,459.5630.30
19628-0.59%1,450.9030.30
19629-2.86%1,409.4530.40
1962107.20%1,510.9530.40
1962114.62%1,580.8130.40
1962124.15%1,646.3630.40
196311.60%1,672.6330.40
19632-0.11%1,670.8230.40
196334.98%1,753.9930.50
196342.27%1,793.8030.50
196350.22%1,797.6930.50
19636-1.22%1,775.7230.60
196373.03%1,829.5530.70
196382.89%1,882.4930.70
196390.50%1,891.9030.70
196310-0.31%1,886.1030.80
1963112.39%1,931.2430.80
1963123.33%1,995.5530.90
196411.48%2,025.0830.90
196422.07%2,067.0230.90
196431.69%2,102.0230.90
196441.22%2,127.6730.90
19645-0.35%2,120.2130.90
196463.96%2,204.1931.00
19647-1.23%2,177.1831.10
196481.97%2,219.9731.00
196491.97%2,263.7131.10
1964100.94%2,284.9231.10
196411-1.49%2,250.8631.20
1964122.82%2,314.3631.20
196510.98%2,336.9231.20
196520.34%2,344.7731.20
196531.56%2,381.2931.30
196541.73%2,422.5531.40
19655-4.51%2,313.3531.40
196560.10%2,315.7331.60
196572.12%2,364.7931.60
196583.60%2,449.8431.60
196592.50%2,511.0031.60
1965101.08%2,538.0231.70
196511-0.21%2,532.6531.70
1965121.98%2,582.8131.80
19661-0.43%2,571.6931.80
19662-3.86%2,472.3632.00
196633.32%2,554.4732.10
19664-5.01%2,426.5532.30
19665-0.56%2,412.9832.30
196660.02%2,413.4232.40
19667-5.77%2,274.1832.50
19668-3.22%2,200.8432.70
19669-0.56%2,188.4232.70
1966105.32%2,304.7632.90
1966110.72%2,321.2532.90
1966124.13%2,417.1332.90
196713.73%2,507.2932.90
196722.63%2,573.3232.90
196731.99%2,624.6033.00
196742.06%2,678.6033.10
19675-0.99%2,652.0333.20
196761.99%2,704.8733.30
196771.85%2,754.9633.40
196781.65%2,800.5233.50
196790.10%2,803.2533.60
196710-2.88%2,722.4733.70
1967113.11%2,807.1833.80
196712-0.02%2,806.6933.90
19681-4.26%2,687.2134.10
19682-1.56%2,645.3134.20
196837.66%2,847.9934.30
196842.56%2,920.8334.40
196852.94%3,006.7334.50
196860.05%3,008.2034.70
19687-1.93%2,950.0234.90
196883.51%3,053.5035.00
196892.72%3,136.4735.10
1968101.79%3,192.4835.30
1968111.29%3,233.5135.40
196812-3.99%3,104.6535.50
19691-0.24%3,097.2435.60
19692-1.91%3,037.9735.80
196932.27%3,107.0636.10
196943.51%3,216.2336.30
19695-4.97%3,056.3436.40
19696-4.21%2,927.8136.60
19697-0.28%2,919.5036.80
196980.63%2,937.8537.00
196991.35%2,977.4137.10
1969101.00%3,007.1137.30
196911-5.03%2,855.9337.50
196912-0.59%2,839.1037.70
19701-3.20%2,748.3637.80
197022.01%2,803.6738.00
19703-2.75%2,726.6338.20
19704-11.20%2,421.2838.50
19705-0.27%2,414.7438.60
197060.52%2,427.3638.80
197073.26%2,506.3939.00
197086.32%2,664.8339.00
197092.49%2,731.1739.20
1970100.21%2,736.8139.40
1970117.16%2,932.7239.60
1970124.11%3,053.2839.80
197114.15%3,180.0239.80
197122.83%3,270.0839.90
197133.67%3,390.2140.00
19714-1.11%3,352.6640.10
19715-1.60%3,299.1540.30
19716-0.46%3,283.8840.60
19717-1.52%3,234.0640.70
197182.49%3,314.4740.80
19719-1.86%3,252.7040.80
197110-4.37%3,110.5140.90
1971117.16%3,333.3340.90
1971124.42%3,480.7541.10
197212.09%3,553.3941.10
197222.62%3,646.4741.30
197231.26%3,692.3841.40
19724-0.78%3,663.7341.50
197250.52%3,682.6441.60
19726-0.50%3,664.0841.70
197273.78%3,802.7241.90
19728-1.21%3,756.6942.00
197290.42%3,772.3742.10
1972105.25%3,970.5842.30
1972112.31%4,062.3642.40
1972120.99%4,102.5542.50
19731-3.33%3,966.1442.60
19732-1.35%3,912.7842.90
19733-1.63%3,848.8743.30
19734-2.57%3,749.9743.60
19735-1.99%3,675.3543.90
197361.21%3,719.8344.20
19737-1.64%3,658.9944.30
197382.00%3,732.0045.10
197394.24%3,890.0645.20
197310-6.85%3,623.4845.60
197311-6.81%3,376.9045.90
1973121.70%3,434.3246.20
19741-2.47%3,349.3946.60
197424.57%3,502.6147.20
19743-4.82%3,333.9147.80
19744-2.71%3,243.7048.00
197450.46%3,258.5348.60
19746-11.35%2,888.7949.00
19747-3.76%2,780.0449.40
19748-10.01%2,501.6550.00
197492.38%2,561.1250.60
1974103.74%2,656.9951.10
197411-6.09%2,495.1351.50
1974128.63%2,710.5351.90
1975110.81%3,003.4752.10
197524.97%3,152.8552.50
197531.49%3,199.7452.70
197546.71%3,414.5252.90
197552.89%3,513.3653.20
197560.43%3,528.5453.60
19757-7.00%3,281.6754.20
19758-0.85%3,253.6954.30
197594.97%3,415.4454.60
1975102.04%3,485.1754.90
197511-1.18%3,444.0655.30
1975129.55%3,772.8155.50
197614.18%3,930.4455.60
197620.80%3,961.9855.80
197631.10%4,005.3855.90
19764-0.38%3,990.0356.10
197650.90%4,025.9656.50
197662.67%4,133.2756.80
19767-0.56%4,110.1057.10
197682.44%4,210.3057.40
19769-3.11%4,079.4357.60
197610-0.37%4,064.4757.90
1976113.79%4,218.3758.00
197612-0.54%4,195.7158.20
19771-2.37%4,096.3358.50
19772-0.05%4,094.1159.10
19773-1.19%4,045.2459.50
197740.06%4,047.8560.00
197750.90%4,084.2760.30
197761.28%4,136.6560.70
19777-2.08%4,050.6761.00
19778-1.18%4,003.0661.20
19779-2.20%3,915.0861.40
1977100.98%3,953.4961.60
197711-0.08%3,950.3261.90
197712-3.39%3,816.3962.10
19781-0.97%3,779.2962.50
197820.27%3,789.3362.90
197834.83%3,972.3663.40
197845.50%4,191.0163.90
197850.67%4,219.2464.50
19786-0.06%4,216.6165.20
197877.33%4,525.6165.70
197880.40%4,543.7066.00
19789-2.77%4,417.6866.50
197810-5.44%4,177.4667.10
1978111.92%4,257.7967.40
1978124.19%4,435.9967.70
19791-1.06%4,389.1068.30
197922.34%4,491.8669.10
197932.43%4,601.0569.80
19794-1.89%4,513.9570.60
197952.42%4,623.0871.50
197961.42%4,688.7772.30
197975.01%4,923.8873.10
197981.54%4,999.7373.80
19799-3.35%4,832.1174.60
197910-0.32%4,816.5375.20
1979114.40%5,028.6575.90
1979123.31%5,195.2376.70
198014.40%5,423.6077.80
19802-8.78%4,947.5378.90
19803-1.16%4,890.0380.10
198045.04%5,136.3081.00
198056.86%5,488.7981.80
198064.97%5,761.5582.70
198073.50%5,963.4882.70
198082.84%6,132.5983.30
198093.32%6,336.4884.00
1980104.61%6,628.8984.80
198011-1.24%6,546.3885.50
1980120.01%6,547.0386.30
19811-3.07%6,346.0387.00
198124.14%6,608.9687.90
198131.29%6,694.4788.50
19814-1.62%6,586.2089.10
198150.86%6,642.6889.80
19816-2.02%6,508.7590.60
198170.80%6,560.9991.60
19818-8.30%6,016.2592.30
198191.73%6,120.1693.20
1981103.04%6,306.4593.40
1981111.18%6,380.8293.70
198112-4.80%6,074.2894.00
19821-1.91%5,958.0294.30
19822-2.74%5,794.5094.60
198235.47%6,111.4294.50
198240.57%6,146.2494.90
19825-5.27%5,822.2995.80
198260.24%5,836.4997.00
198270.79%5,882.8397.50
1982812.10%6,594.4497.70
198298.88%7,180.1297.90
1982104.50%7,503.2298.20
1982111.36%7,604.9298.00
1982123.93%7,903.4797.60
198312.13%8,071.8297.80
198323.87%8,383.8497.90
198334.20%8,735.7597.90
198344.42%9,122.2298.60
198351.75%9,282.1899.20
198360.71%9,347.9199.50
19837-2.41%9,122.8999.90
198383.31%9,425.20100.20
198390.65%9,486.27100.70
198310-1.14%9,377.99101.00
198311-0.13%9,365.98101.20
1983121.58%9,513.58101.30
19841-5.11%9,027.23101.90
198420.44%9,067.16102.40
198430.51%9,113.15102.60
19844-0.25%9,090.13103.10
19845-1.85%8,922.12103.40
19846-0.91%8,841.06103.70
198479.21%9,655.02104.10
198481.41%9,790.87104.50
19849-0.41%9,750.49105.00
1984101.29%9,875.87105.30
198411-0.71%9,805.99105.30
1984124.70%10,266.64105.30
198515.79%10,860.80105.50
19852-0.48%10,808.85106.00
198531.02%10,919.61106.40
198542.74%11,218.33106.90
198552.51%11,500.02107.30
198562.25%11,758.45107.60
19857-1.85%11,541.47107.80
19858-1.88%11,323.92108.00
198591.50%11,493.27108.30
1985106.42%12,231.20108.70
1985115.29%12,878.78109.00
1985120.75%12,975.60109.30
198615.70%13,714.85109.60
198626.18%14,562.81109.30
198632.74%14,962.04108.80
198640.49%15,035.62108.60
198653.13%15,506.73108.90
19866-1.80%15,227.00109.50
198672.28%15,574.30109.50
19868-2.46%15,191.76109.70
19869-0.09%15,178.11110.20
1986103.53%15,714.34110.30
1986111.71%15,982.89110.40
1986126.67%17,049.49110.50
198716.46%18,151.21111.20
198724.38%18,945.58111.60
19873-0.86%18,783.33112.10
198740.17%18,815.79112.70
198754.50%19,662.21113.10
198763.12%20,276.08113.50
198776.45%21,584.70113.80
19878-3.03%20,930.59114.40
19879-11.85%18,449.50115.00
198710-12.30%16,179.59115.30
198711-1.33%15,963.64115.40
1987124.25%16,641.54115.40
198813.33%17,195.46115.70
198823.23%17,751.23116.00
19883-0.89%17,593.95116.50
19884-2.19%17,208.95117.10
198856.00%18,241.18117.50
19886-0.31%18,185.19118.00
19887-1.72%17,872.68118.50
198881.93%18,217.12119.00
198893.80%18,909.66119.80
198810-2.02%18,527.64120.20
1988112.33%18,958.58120.30
1988123.51%19,624.53120.50
198913.30%20,272.12121.10
19892-0.16%20,239.34121.60
198933.56%20,960.84122.30
198944.12%21,823.44123.10
198953.39%22,563.82123.80
198962.80%23,195.65124.10
198974.69%24,283.70124.40
198980.46%24,394.32124.60
198990.29%24,464.15125.00
198910-1.81%24,020.48125.60
1989112.74%24,677.85125.90
198912-2.21%24,132.17126.10
19901-2.53%23,522.31127.40
199022.71%24,159.09128.00
199030.20%24,206.44128.70
199043.85%25,138.61128.90
199053.17%25,935.50129.20
199060.17%25,979.52129.90
19907-7.86%23,937.21130.40
19908-4.34%22,898.08131.60
19909-2.32%22,367.81132.70
1990102.98%23,035.23133.50
1990114.59%24,091.76133.80
199012-0.69%23,926.69133.80
1991111.61%26,703.81134.60
199123.04%27,516.84134.80
199132.26%28,138.40135.00
19914-0.18%28,088.06135.20
199150.35%28,185.53135.60
199160.78%28,405.52136.00
199172.68%29,166.48136.20
19918-0.30%29,078.08136.60
199190.18%29,130.90137.20
1991100.02%29,135.50137.40
1991110.94%29,407.95137.80
1991127.36%31,571.80137.90
19921-0.60%31,382.10138.10
19922-1.01%31,064.40138.60
199230.26%31,146.50139.30
199242.07%31,790.72139.50
19925-1.33%31,368.18139.70
199261.91%31,967.98140.20
199270.94%32,269.03140.50
199280.38%32,391.07140.90
19929-1.18%32,008.19141.30
1992102.76%32,890.62141.80
1992113.27%33,966.54142.00
1992120.14%34,015.08141.90
199311.72%34,601.58142.60
199322.15%35,345.57143.10
19933-1.34%34,871.32143.60
199340.72%35,124.04144.00
199350.87%35,427.93144.20
199360.06%35,449.54144.40
199371.76%36,074.33144.40
199381.35%36,563.12144.80
199391.24%37,017.20145.10
1993100.01%37,020.00145.70
1993110.89%37,348.43145.80
1993121.74%37,996.75145.80
19941-0.08%37,967.99146.20
19942-1.42%37,427.40146.70
19943-3.35%36,174.93147.20
199441.06%36,557.75147.40
199451.11%36,962.85147.50
19946-0.52%36,771.05148.00
199473.08%37,904.37148.40
199480.82%38,214.22149.00
19949-0.44%38,044.55149.40
199410-0.37%37,903.83149.50
199411-1.03%37,515.05149.70
1994122.45%38,434.61149.70
199513.82%39,902.46150.30
199522.56%40,923.23150.90
199533.22%42,239.14151.40
199543.35%43,653.20151.90
199553.18%45,040.69152.20
199563.55%46,638.50152.50
199570.51%46,877.81152.50
199583.72%48,620.57152.90
199590.91%49,064.27153.20
1995102.36%50,221.39153.70
1995113.39%51,923.46153.60
1995120.16%52,007.88153.50
199615.90%55,078.63154.40
19962-0.20%54,968.09154.90
199630.20%55,076.40155.70
199642.35%56,373.35156.30
199651.28%57,094.14156.60
19966-3.48%55,109.22156.70
199673.08%56,804.25157.00
199682.02%57,953.81157.30
199694.12%60,341.21157.80
1996105.05%63,389.70158.30
1996111.20%64,149.26158.60
1996123.26%66,238.94158.60
199714.36%69,127.73159.10
19972-0.62%68,696.59159.60
19973-3.41%66,357.30160.00
199749.22%72,474.01160.20
199755.34%76,341.82160.10
199765.74%80,720.73160.30
199770.35%81,001.47160.50
199781.19%81,967.01160.80
199791.65%83,315.68161.20
199710-1.15%82,355.84161.60
1997112.63%84,525.60161.50
1997120.24%84,726.00161.30
199816.40%90,150.30161.60
199825.31%94,939.87161.90
199833.41%98,173.21162.20
19984-0.22%97,955.41162.50
199850.12%98,069.48162.80
199864.47%102,450.90163.00
19987-6.97%95,309.04163.20
19988-4.90%90,640.37163.40
199891.29%91,810.41163.60
19981010.97%101,886.04164.00
1998114.10%106,067.55164.00
1998125.05%111,421.51163.90
19991-0.07%111,347.18164.30
199922.92%114,602.42164.50
199934.25%119,473.05165.00
19994-0.10%119,354.97166.20
19995-0.61%118,624.80166.20
199964.52%123,989.47166.20
19997-3.77%119,309.63166.70
19998-0.60%118,596.14167.10
19999-1.27%117,087.04167.90
1999107.11%125,407.18168.20
1999112.81%128,929.53168.30
199912-0.12%128,776.19168.30
20001-2.48%125,585.02168.80
200023.94%130,534.27169.80
200031.42%132,393.94171.20
20004-2.84%128,635.55171.30
200053.16%132,704.91171.50
200060.85%133,833.36172.40
200070.94%135,091.01172.80
20008-1.08%133,632.50172.80
20009-5.21%126,664.59173.70
200010-0.77%125,686.03174.00
200011-3.32%121,513.16174.10
2000120.46%122,066.05174.00
20011-2.14%119,458.41175.10
20012-9.08%108,611.70175.80
200130.45%109,099.03176.20
200146.88%116,604.32176.90
20015-2.39%113,819.05177.70
20016-2.66%110,791.20178.00
20017-2.05%108,524.59177.50
20018-11.25%96,318.48177.50
200193.18%99,385.29178.30
2001105.05%104,407.37177.70
2001111.47%105,938.04177.40
200112-0.30%105,622.67176.70
20021-3.35%102,081.39177.10
200224.95%107,129.59177.80
20023-3.51%103,364.59178.80
20024-2.82%100,449.32179.80
20025-5.92%94,501.76179.80
20026-10.76%84,334.79179.90
200271.14%85,295.19180.10
20028-4.76%81,237.07180.70
20029-1.37%80,126.53181.00
2002106.63%85,435.37181.30
200211-1.04%84,551.06181.30
200212-0.22%84,362.92180.90
20031-6.41%78,951.18181.70
200321.31%79,983.78183.10
200335.29%84,211.61184.20
200345.31%88,685.11183.80
200355.70%93,743.87183.50
200360.60%94,302.49183.70
20037-0.17%94,145.64183.90
200383.16%97,121.76184.60
200392.03%99,091.22185.20
2003101.21%100,290.81185.00
2003113.06%103,363.53184.50
2003124.93%108,464.48184.30
200411.09%109,643.12185.20
20042-1.57%107,926.99186.20
200430.97%108,971.87187.40
20044-2.56%106,177.55188.00
200452.86%109,211.77189.10
20046-2.24%106,766.75189.70
20047-1.39%105,285.29189.40
200482.78%108,214.99189.50
200490.10%108,326.01189.90
2004104.77%113,497.38190.90
2004112.73%116,592.96191.00
200412-1.35%115,019.86190.30
200511.68%116,953.59190.70
20052-0.26%116,654.67191.80
20053-2.41%113,844.55193.30
200541.34%115,365.37194.60
200552.18%117,881.14194.40
200561.81%120,012.18194.50
200570.31%120,384.24195.40
200580.28%120,720.94196.40
20059-2.62%117,552.96198.80
2005103.96%122,209.87199.20
2005112.14%124,830.21197.60
2005121.47%126,661.18196.80
20061-0.02%126,640.11198.30
200621.49%128,522.15198.70
200630.80%129,548.19199.80
20064-0.79%128,529.11201.50
20065-2.71%125,051.38202.50
200660.72%125,951.80202.90
200672.29%128,838.31203.50
200682.53%132,099.44203.90
200693.62%136,876.04202.90
2006102.00%139,615.81201.80
2006112.15%142,615.12201.50
2006120.69%143,603.20201.80
200711.60%145,895.18202.42
20072-2.47%142,285.89203.50
200734.18%148,233.81205.35
200743.39%153,261.53206.69
200750.34%153,790.13207.95
200760.57%154,673.84208.35
20077-4.20%148,175.83208.30
200783.07%152,731.85207.92
200792.99%157,301.03208.49
200710-4.81%149,740.65208.94
2007111.24%151,594.77210.18
200712-6.64%141,536.16210.04
20081-1.56%139,322.59211.08
20082-2.63%135,663.09211.69
200834.24%141,420.36213.53
200842.56%145,044.41214.82
20085-4.25%138,884.98216.63
20086-6.08%130,442.89218.82
200872.11%133,195.94219.96
20088-4.85%126,739.21219.09
20089-20.19%101,146.02218.78
200810-8.61%92,442.06216.57
200811-0.35%92,117.38212.43
200812-1.10%91,108.19210.23
20091-6.70%85,001.65211.14
20092-5.69%80,167.24212.19
2009312.32%90,045.25212.71
200946.66%96,042.10213.24
200952.87%98,797.41213.86
200961.28%100,059.69215.69
200978.12%108,185.28215.35
200983.65%112,134.42215.83
200992.40%114,829.13215.97
2009102.09%117,234.02216.18
2009112.23%119,843.49216.33
2009121.36%121,469.72215.95
20101-2.90%117,948.96216.69
201025.94%124,958.70216.74
201034.09%130,066.93217.63
20104-5.88%122,415.88218.01
20105-3.54%118,077.99218.18
20106-0.16%117,890.16217.97
201070.86%118,908.27218.01
201083.37%122,916.86218.31
201094.58%128,543.30218.44
2010102.49%131,745.20218.71
2010113.71%136,637.87218.80
2010123.46%141,368.54219.18
201113.15%145,822.87220.22
20112-1.11%144,200.64221.31
201132.22%147,403.32223.47
201140.66%148,375.05224.91
20115-3.66%142,940.66225.96
201163.10%147,374.31225.72
20117-10.40%132,046.43225.92
20118-0.79%131,004.26226.55
201193.02%134,959.15226.89
2011101.77%137,344.04226.42
2011111.55%139,479.40226.23
2011124.78%146,150.09225.67
201214.16%152,233.74226.67
201222.88%156,623.91227.66
20123-0.04%156,564.07229.39
20124-3.09%151,724.75230.09
20125-1.15%149,976.26229.82
201262.92%154,357.19229.48
201273.39%159,586.35229.10
201283.02%164,407.72230.38
20129-0.22%164,050.73231.41
201210-2.84%159,395.80231.32
2012112.18%162,863.52230.22
2012124.27%169,815.77229.60
201312.33%173,777.61230.28
201322.72%178,508.63232.17
201331.45%181,103.77232.77
201344.57%189,387.94232.53
20135-1.12%187,271.01232.95
201363.25%193,365.70233.50
201370.25%193,854.01233.60
201381.19%196,165.65233.88
201392.12%200,319.56234.15
2013103.86%208,051.88233.55
2013111.52%211,217.73233.07
2013120.97%213,261.91233.05
20141-0.13%212,984.59233.92
201422.72%218,782.61234.78
201430.20%219,223.94236.29
201441.53%222,582.53237.07
201453.20%229,696.98237.90
201461.50%233,132.83238.34
20147-0.43%232,137.47238.25
201481.78%236,264.95237.85
20149-2.65%230,012.00238.03
2014105.71%243,135.69237.43
2014110.63%244,676.90236.15
201412-1.11%241,960.87234.81
201512.83%248,802.07233.71
201520.06%248,939.81234.72
201530.88%251,126.52236.12
201540.98%253,584.81236.60
20155-0.44%252,480.45237.81
20156-0.08%252,279.40238.64
20157-2.42%246,163.14238.65
20158-4.51%235,068.34238.32
201594.32%245,216.52237.95
2015102.93%252,407.42237.84
201511-1.10%249,623.44237.34
201512-6.42%233,598.56236.53
20161-0.55%232,313.98236.92
201626.36%247,095.49237.11
201632.83%254,091.40238.13
20164-0.30%253,318.04239.26
201651.07%256,019.65240.23
201663.30%264,461.74241.02
201671.20%267,633.31240.63
20168-0.44%266,459.28240.85
20169-0.51%265,111.05241.43
2016101.20%268,295.46241.73
2016113.95%278,882.30241.35
2016121.44%282,891.61241.43
201712.58%290,180.16242.84
201721.75%295,256.16243.60
20173-0.15%294,801.45243.80
201741.69%299,790.59244.52
201751.78%305,116.15244.73
201760.99%308,130.35244.96
201770.25%308,893.91244.79
201781.65%314,000.74245.52
201792.73%322,588.03246.82
2017101.59%327,715.79246.66
2017112.88%337,165.43246.67
2017124.86%353,558.07246.52
20181-2.89%343,351.96247.87
201820.06%343,573.69248.99
20183-1.66%337,856.72249.55
201841.96%344,484.19250.55
201852.11%351,763.03251.59
201861.58%357,323.50251.99
201872.45%366,080.80252.01
201881.68%372,230.03252.15
20189-3.85%357,902.95252.44
201810-2.08%350,472.50252.89
201811-5.56%330,977.42252.04
2018121.74%336,721.99251.23
201915.83%356,349.18251.71
201921.95%363,290.94252.78
201933.72%376,817.06254.20
20194-1.53%371,045.02255.55
201951.40%376,257.28256.09
201963.83%390,657.93256.14
20197-3.13%378,413.10256.57
201983.09%390,088.00256.56
201990.01%390,126.24256.76
2019104.43%407,423.24257.35
2019112.47%417,483.82257.21
2019123.35%431,454.49256.97
202010.12%431,981.20257.97
20202-18.92%350,260.25258.68
202034.32%365,386.64258.12
202045.89%386,898.29256.39
202056.51%412,078.68256.39
202063.48%426,404.33257.80
202075.89%451,534.49259.10
20208-0.63%448,703.35259.92
202091.73%456,447.98260.28
2020103.95%474,496.46260.39
2020114.26%494,710.39260.23
2020122.80%508,539.03260.47
202112.49%521,209.43261.58
202120.82%525,490.42263.01
202136.02%557,132.75264.88
202140.76%561,368.25267.05
202151.81%571,531.39269.20
202163.07%589,067.13271.70
202172.19%601,939.20273.00
20218-0.08%601,430.57273.57
202190.45%604,150.09274.31
2021104.74%632,815.47276.59
2021110.27%634,494.98277.95
202112-2.05%621,475.44278.80
20221-2.90%603,436.68281.15
20222-0.89%598,050.51283.72
202230.12%598,758.01287.50
20224-7.87%551,619.41289.11
20225-3.37%533,033.23292.30
202260.46%535,510.16296.31
202276.45%570,036.60296.28
20228-7.28%528,552.74296.17
20229-3.09%512,214.25296.81
2022105.29%539,285.25298.01
2022110.01%539,343.70297.71
2022121.38%546,767.53296.80
202313.15%563,974.15299.17
20232-2.59%549,393.01300.84
202334.00%571,347.97301.84
202340.74%575,562.77303.36
202354.94%604,008.16304.13
202363.88%627,419.77305.11
20237-1.00%621,160.40305.69
20238-0.95%615,237.15307.03
20239-3.04%596,550.48307.79
2023104.60%624,002.08307.67
2023115.18%656,295.73307.05
2023122.91%675,405.99306.75
202414.20%703,768.13308.42
202423.28%726,866.64310.33
20243-1.01%719,531.62312.33
202442.40%736,805.01313.55
202450.92%743,585.09314.07
Click to show 966 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 1943. This would result in a final amount of $596,908.29, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $743,585.09).

YearMonthContribution ($)Amount ($)
194314.164.41
194324.168.89
194334.1613.53
194344.1618.44
194354.1623.08
194364.1627.89
194374.1630.58
194384.1635.61
194394.1639.56
1943104.1641.86
1943114.1646.81
1943124.1652.83
194414.1656.83
194424.1662.95
194434.1666.21
194444.1671.90
194454.1679.96
194464.1686.64
194474.1689.82
194484.1692.81
194494.1699.75
1944104.16103.60
1944114.16110.55
1944124.32118.73
19451-123.17
19452-123.56
19453-127.14
19454-132.43
19455-135.33
19456-133.03
19457-133.97
19458-143.59
19459-150.07
194510-155.48
194511-158.63
194512-165.45
19461-166.42
19462-161.96
19463-172.93
19464-173.82
19465-173.24
19466-168.82
19467-166.08
19468-142.13
19469-139.47
194610-139.45
194611-144.18
194612-145.51
19471-151.72
19472-146.15
19473-141.33
19474-139.40
19475-144.87
19476-154.57
19477-152.16
19478-148.86
19479-153.37
194710-152.25
194711-150.54
194712-149.24
19481-142.60
19482-145.33
19483-157.23
19484-165.61
19485-173.21
19486-169.82
19487-165.59
19488-164.47
19489-169.72
194810-161.06
194811-160.80
194812-163.42
19491-157.99
19492-160.34
19493-161.01
19494-160.71
19495-152.82
19496-162.39
19497-169.16
19498-172.32
19499-177.74
194910-181.20
194911-187.07
194912-191.99
19501-196.84
19502-199.54
19503-206.30
19504-214.38
19505-219.02
19506-204.29
19507-217.85
19508-226.80
19509-237.51
195010-238.40
195011-238.87
195012-258.01
19511-269.12
19512-266.13
19513-271.26
19514-272.96
19515-269.84
19516-276.22
19517-289.94
19518-299.03
19519-299.11
195110-292.37
195111-302.94
195112-314.55
19521-310.36
19522-312.69
19523-313.32
19524-314.76
19525-324.98
19526-335.92
19527-338.88
19528-335.12
19529-329.72
195210-341.81
195211-357.23
195212-360.76
19531-357.97
19532-361.40
19533-345.23
19534-348.69
19535-337.86
19536-344.32
19537-347.42
19538-333.15
19539-344.86
195310-354.20
195311-360.71
195312-371.62
19541-381.56
19542-391.42
19543-408.84
19544-426.92
19545-432.14
19546-451.40
19547-462.21
19548-474.87
19549-487.74
195410-508.73
195411-533.93
195412-545.51
19551-565.71
19552-563.25
19553-584.70
19554-584.24
19555-620.14
19556-667.54
19557-665.54
19558-697.60
19559-664.64
195510-711.60
195511-720.41
195512-703.20
19561-709.88
19562-761.04
19563-772.32
19564-750.40
19565-748.43
19566-791.46
19567-789.20
19568-764.83
19569-757.53
195610-752.14
195611-765.74
195612-751.48
19571-721.45
19572-733.14
19573-752.53
19574-783.83
19575-799.15
19576-817.71
19577-775.15
19578-746.16
19579-702.16
195710-689.52
195711-691.71
195712-707.82
19581-712.79
19582-730.03
19583-736.58
19584-762.78
19585-783.65
19586-807.71
19587-840.46
19588-865.20
19589-902.91
195810-932.94
195811-953.12
195812-993.67
19591-981.10
19592-1,008.63
19593-1,028.16
19594-1,046.31
19595-1,039.97
19596-1,083.94
19597-1,080.48
19598-1,040.47
19599-1,042.31
195910-1,049.28
195911-1,085.62
195912-1,069.49
19601-1,030.89
19602-1,019.78
19603-1,035.93
19604-1,029.46
19605-1,070.52
19606-1,047.01
19607-1,062.62
19608-1,033.71
19609-1,016.40
196010-1,052.39
196011-1,080.71
196012-1,139.36
19611-1,189.20
19612-1,229.59
19613-1,265.49
19614-1,281.47
19615-1,267.63
19616-1,267.28
19617-1,315.93
19618-1,308.80
19619-1,326.38
196110-1,389.67
196111-1,405.83
196112-1,356.81
19621-1,382.72
19622-1,387.43
19623-1,346.57
19624-1,249.82
19625-1,107.18
19626-1,137.27
19627-1,171.65
19628-1,164.70
19629-1,131.43
196210-1,212.90
196211-1,268.98
196212-1,321.61
19631-1,342.69
19632-1,341.24
19633-1,408.01
19634-1,439.96
19635-1,443.08
19636-1,425.45
19637-1,468.66
19638-1,511.15
19639-1,518.71
196310-1,514.05
196311-1,550.29
196312-1,601.92
19641-1,625.62
19642-1,659.29
19643-1,687.38
19644-1,707.98
19645-1,701.99
19646-1,769.40
19647-1,747.72
19648-1,782.07
19649-1,817.18
196410-1,834.20
196411-1,806.87
196412-1,857.84
19651-1,875.95
19652-1,882.25
19653-1,911.56
19654-1,944.68
19655-1,857.03
19656-1,858.94
19657-1,898.32
19658-1,966.59
19659-2,015.69
196510-2,037.38
196511-2,033.07
196512-2,073.33
19661-2,064.41
19662-1,984.68
19663-2,050.59
19664-1,947.90
19665-1,937.00
19666-1,937.36
19667-1,825.58
19668-1,766.71
19669-1,756.74
196610-1,850.13
196611-1,863.37
196612-1,940.33
19671-2,012.71
19672-2,065.72
19673-2,106.88
19674-2,150.23
19675-2,128.90
19676-2,171.32
19677-2,211.53
19678-2,248.10
19679-2,250.29
196710-2,185.44
196711-2,253.45
196712-2,253.06
19681-2,157.14
19682-2,123.51
19683-2,286.21
19684-2,344.68
19685-2,413.63
19686-2,414.81
19687-2,368.11
19688-2,451.18
19689-2,517.78
196810-2,562.74
196811-2,595.68
196812-2,492.24
19691-2,486.29
19692-2,438.71
19693-2,494.17
19694-2,581.81
19695-2,453.46
19696-2,350.28
19697-2,343.61
19698-2,358.34
19699-2,390.10
196910-2,413.94
196911-2,292.58
196912-2,279.07
19701-2,206.23
19702-2,250.63
19703-2,188.79
19704-1,943.66
19705-1,938.42
19706-1,948.55
19707-2,011.99
19708-2,139.17
19709-2,192.43
197010-2,196.96
197011-2,354.23
197012-2,451.00
19711-2,552.74
19712-2,625.03
19713-2,721.47
19714-2,691.32
19715-2,648.37
19716-2,636.11
19717-2,596.12
19718-2,660.67
19719-2,611.08
197110-2,496.94
197111-2,675.81
197112-2,794.15
19721-2,852.46
19722-2,927.18
19723-2,964.04
19724-2,941.04
19725-2,956.22
19726-2,941.32
19727-3,052.61
19728-3,015.66
19729-3,028.25
197210-3,187.36
197211-3,261.04
197212-3,293.30
19731-3,183.79
19732-3,140.96
19733-3,089.66
19734-3,010.26
19735-2,950.36
19736-2,986.07
19737-2,937.24
19738-2,995.84
19739-3,122.73
197310-2,908.73
197311-2,710.78
197312-2,756.88
19741-2,688.70
19742-2,811.70
19743-2,676.27
19744-2,603.86
19745-2,615.77
19746-2,318.96
19747-2,231.66
19748-2,008.19
19749-2,055.92
197410-2,132.88
197411-2,002.95
197412-2,175.86
19751-2,411.02
19752-2,530.93
19753-2,568.57
19754-2,740.99
19755-2,820.33
19756-2,832.51
19757-2,634.34
19758-2,611.88
19759-2,741.72
197510-2,797.70
197511-2,764.70
197512-3,028.60
19761-3,155.14
19762-3,180.45
19763-3,215.29
19764-3,202.97
19765-3,231.82
19766-3,317.96
19767-3,299.35
19768-3,379.79
19769-3,274.74
197610-3,262.73
197611-3,386.27
197612-3,368.08
19771-3,288.30
19772-3,286.52
19773-3,247.29
19774-3,249.39
19775-3,278.62
19776-3,320.67
19777-3,251.65
19778-3,213.43
19779-3,142.80
197710-3,173.64
197711-3,171.09
197712-3,063.58
19781-3,033.81
19782-3,041.86
19783-3,188.79
19784-3,364.31
19785-3,386.97
19786-3,384.86
19787-3,632.91
19788-3,647.43
19789-3,546.26
197810-3,353.43
197811-3,417.91
197812-3,560.96
19791-3,523.32
19792-3,605.81
19793-3,693.46
19794-3,623.55
19795-3,711.15
19796-3,763.88
19797-3,952.61
19798-4,013.50
19799-3,878.95
197910-3,866.44
197911-4,036.72
197912-4,170.43
19801-4,353.76
19802-3,971.60
19803-3,925.44
19804-4,123.13
19805-4,406.09
19806-4,625.05
19807-4,787.14
19808-4,922.90
19809-5,086.57
198010-5,321.30
198011-5,255.06
198012-5,255.59
19811-5,094.23
19812-5,305.30
19813-5,373.94
19814-5,287.03
19815-5,332.37
19816-5,224.86
19817-5,266.79
19818-4,829.51
19819-4,912.92
198110-5,062.46
198111-5,122.17
198112-4,876.09
19821-4,782.77
19822-4,651.50
19823-4,905.91
19824-4,933.85
19825-4,673.81
19826-4,685.21
19827-4,722.41
19828-5,293.65
19829-5,763.80
198210-6,023.16
198211-6,104.81
198212-6,344.46
19831-6,479.60
19832-6,730.08
19833-7,012.57
19834-7,322.80
19835-7,451.21
19836-7,503.97
19837-7,323.34
19838-7,566.02
19839-7,615.04
198310-7,528.12
198311-7,518.48
198312-7,636.97
19841-7,246.55
19842-7,278.61
19843-7,315.52
19844-7,297.05
19845-7,162.17
19846-7,097.11
19847-7,750.51
19848-7,859.56
19849-7,827.14
198410-7,927.79
198411-7,871.70
198412-8,241.48
19851-8,718.44
19852-8,676.74
19853-8,765.65
19854-9,005.45
19855-9,231.57
19856-9,439.03
19857-9,264.85
19858-9,090.20
19859-9,226.15
198510-9,818.52
198511-10,338.36
198512-10,416.08
19861-11,009.51
19862-11,690.20
19863-12,010.68
19864-12,069.75
19865-12,447.93
19866-12,223.38
19867-12,502.17
19868-12,195.09
19869-12,184.13
198610-12,614.59
198611-12,830.17
198612-13,686.37
19871-14,570.77
19872-15,208.44
19873-15,078.20
19874-15,104.26
19875-15,783.71
19876-16,276.50
19877-17,326.98
19878-16,801.90
19879-14,810.22
198710-12,988.06
198711-12,814.71
198712-13,358.89
19881-13,803.55
19882-14,249.69
19883-14,123.43
19884-13,814.38
19885-14,642.99
19886-14,598.05
19887-14,347.18
19888-14,623.68
19889-15,179.61
198810-14,872.95
198811-15,218.89
198812-15,753.47
19891-16,273.31
19892-16,247.01
19893-16,826.18
19894-17,518.63
19895-18,112.97
19896-18,620.16
19897-19,493.59
19898-19,582.39
19899-19,638.45
198910-19,282.29
198911-19,809.99
198912-19,371.95
19901-18,882.38
19902-19,393.56
19903-19,431.57
19904-20,179.87
19905-20,819.56
19906-20,854.89
19907-19,215.44
19908-18,381.29
19909-17,955.62
199010-18,491.38
199011-19,339.51
199012-19,207.00
19911-21,436.32
19912-22,088.97
19913-22,587.92
19914-22,547.52
19915-22,625.76
19916-22,802.35
19917-23,413.21
19918-23,342.24
19919-23,384.64
199110-23,388.34
199111-23,607.05
199112-25,344.06
19921-25,191.79
19922-24,936.75
19923-25,002.66
19924-25,519.80
19925-25,180.61
19926-25,662.10
19927-25,903.76
19928-26,001.73
19929-25,694.37
199210-26,402.74
199211-27,266.43
199212-27,305.39
19931-27,776.20
19932-28,373.43
19933-27,992.73
19934-28,195.60
19935-28,439.55
19936-28,456.90
19937-28,958.44
19938-29,350.82
19939-29,715.33
199310-29,717.57
199311-29,981.22
199312-30,501.66
19941-30,478.57
19942-30,044.61
19943-29,039.20
19944-29,346.51
19945-29,671.69
19946-29,517.73
19947-30,427.49
19948-30,676.23
19949-30,540.02
199410-30,427.06
199411-30,114.97
199412-30,853.14
19951-32,031.45
19952-32,850.87
19953-33,907.21
19954-35,042.34
19955-36,156.13
19956-37,438.76
19957-37,630.87
19958-39,029.86
19959-39,386.03
199510-40,314.91
199511-41,681.24
199512-41,749.00
19961-44,214.03
19962-44,125.29
19963-44,212.23
19964-45,253.36
19965-45,831.96
19966-44,238.58
19967-45,599.25
19968-46,522.06
19969-48,438.53
199610-50,885.69
199611-51,495.41
199612-53,172.90
19971-55,491.86
19972-55,145.76
19973-53,267.91
19974-58,178.06
19975-61,282.92
19976-64,798.06
19977-65,023.42
19978-65,798.51
19979-66,881.14
199710-66,110.64
199711-67,852.40
199712-68,013.27
19981-72,367.59
19982-76,212.39
19983-78,807.93
19984-78,633.09
19985-78,724.66
19986-82,241.82
19987-76,508.74
19988-72,760.99
19989-73,700.23
199810-81,788.38
199811-85,145.06
199812-89,442.92
19991-89,383.25
19992-91,996.38
19993-95,906.25
19994-95,811.46
19995-95,225.32
19996-99,531.77
19997-95,775.06
19998-95,202.31
19999-93,990.89
199910-100,669.83
199911-103,497.38
199912-103,374.29
20001-100,812.59
20002-104,785.57
20003-106,278.41
20004-103,261.39
20005-106,528.04
20006-107,433.89
20007-108,443.46
20008-107,272.65
20009-101,679.21
200010-100,893.67
200011-97,543.93
200012-97,987.76
20011-95,894.49
20012-87,187.36
20013-87,578.57
20014-93,603.39
20015-91,367.53
20016-88,936.94
20017-87,117.44
20018-77,319.06
20019-79,780.92
200110-83,812.37
200111-85,041.10
200112-84,787.94
20021-81,945.19
20022-85,997.61
20023-82,975.28
20024-80,635.07
20025-75,860.70
20026-67,699.23
20027-68,470.18
20028-65,212.55
20029-64,321.07
200210-68,582.71
200211-67,872.84
200212-67,721.81
20031-63,377.57
20032-64,206.48
20033-67,600.34
20034-71,191.42
20035-75,252.31
20036-75,700.74
20037-75,574.83
20038-77,963.88
20039-79,544.86
200310-80,507.82
200311-82,974.43
200312-87,069.18
20041-88,015.33
20042-86,637.72
20043-87,476.49
20044-85,233.37
20045-87,669.06
20046-85,706.35
20047-84,517.11
20048-86,868.90
20049-86,958.03
200410-91,109.31
200411-93,594.27
200412-92,331.48
20051-93,883.76
20052-93,643.81
20053-91,388.00
20054-92,608.83
20055-94,628.35
20056-96,339.03
20057-96,637.70
20058-96,907.98
20059-94,364.91
200510-98,103.21
200511-100,206.67
200512-101,676.47
20061-101,659.56
20062-103,170.36
20063-103,994.00
20064-103,175.94
20065-100,384.22
20066-101,107.02
20067-103,424.15
20068-106,042.00
20069-109,876.38
200610-112,075.72
200611-114,483.40
200612-115,276.57
20071-117,116.44
20072-114,219.11
20073-118,993.76
20074-123,029.74
20075-123,454.07
20076-124,163.46
20077-118,947.22
20078-122,604.54
20079-126,272.42
200710-120,203.38
200711-121,691.76
200712-113,617.27
20081-111,840.34
20082-108,902.70
20083-113,524.31
20084-116,433.49
20085-111,489.05
20086-104,712.22
20087-106,922.21
20088-101,739.11
20089-81,194.34
200810-74,207.28
200811-73,946.65
200812-73,136.53
20091-68,234.55
20092-64,353.75
20093-72,283.26
20094-77,097.19
20095-79,309.01
20096-80,322.29
20097-86,845.06
20098-90,015.20
20099-92,178.37
200910-94,108.88
200911-96,203.61
200912-97,509.06
20101-94,682.79
20102-100,309.82
20103-104,410.42
20104-98,268.58
20105-94,786.37
20106-94,635.59
20107-95,452.87
20108-98,670.74
20109-103,187.33
201010-105,757.64
201011-109,685.20
201012-113,482.71
20111-117,058.40
20112-115,756.17
20113-118,327.09
20114-119,107.15
20115-114,744.73
20116-118,303.80
20117-105,999.44
20118-105,162.85
20119-108,337.62
201110-110,252.07
201111-111,966.22
201112-117,321.07
20121-122,204.69
20122-125,728.87
20123-125,680.83
20124-121,796.09
20125-120,392.50
20126-123,909.27
20127-128,106.95
20128-131,977.27
20129-131,690.70
201210-127,953.99
201211-130,737.67
201212-136,318.55
20131-139,498.89
20132-143,296.69
20133-145,379.92
20134-152,029.99
20135-150,330.64
20136-155,223.11
20137-155,615.09
20138-157,470.75
20139-160,805.28
201310-167,012.35
201311-169,553.71
201312-171,194.67
20141-170,972.05
20142-175,626.37
20143-175,980.65
20144-178,676.74
20145-184,387.81
20146-187,145.93
20147-186,346.91
20148-189,660.22
20149-184,640.70
201410-195,175.66
201411-196,412.85
201412-194,232.58
20151-199,724.31
20152-199,834.88
20153-201,590.25
20154-203,563.63
20155-202,677.11
20156-202,515.71
20157-197,605.93
20158-188,699.64
20159-196,846.03
201510-202,618.48
201511-200,383.66
201512-187,519.79
20161-186,488.60
20162-198,354.36
20163-203,970.29
20164-203,349.47
20165-205,518.17
20166-212,295.01
20167-214,840.97
20168-213,898.53
20169-212,816.24
201610-215,372.51
201611-223,871.03
201612-227,089.48
20171-232,940.31
20172-237,015.04
20173-236,650.02
20174-240,655.02
20175-244,930.09
20176-247,349.71
20177-247,962.66
20178-252,062.13
20179-258,955.53
201710-263,071.80
201711-270,657.44
201712-283,816.53
20181-275,623.64
20182-275,801.63
20183-271,212.37
20184-276,532.53
20185-282,375.58
20186-286,839.21
20187-293,869.08
20188-298,805.34
20189-287,304.36
201810-281,339.61
201811-265,690.06
201812-270,301.47
20191-286,057.08
20192-291,629.54
20193-302,487.55
20194-297,854.08
20195-302,038.18
20196-313,598.22
20197-303,768.75
20198-313,140.71
20199-313,171.41
201910-327,056.46
201911-335,132.53
201912-346,347.40
20201-346,770.21
20202-281,169.23
20203-293,311.84
20204-310,580.18
20205-330,793.59
20206-342,293.41
20207-362,466.49
20208-360,193.82
20209-366,410.77
202010-380,899.07
202011-397,125.68
202012-408,226.53
20211-418,397.62
20212-421,834.16
20213-447,234.84
20214-450,634.86
20215-458,793.26
20216-472,869.96
20217-483,202.93
20218-482,794.63
20219-484,977.71
202110-507,988.67
202111-509,336.89
202112-498,885.53
20221-484,405.03
20222-480,081.31
20223-480,649.26
20224-442,809.04
20225-427,889.10
20226-429,877.43
20227-457,593.33
20228-424,292.41
20229-411,176.79
202210-432,907.87
202211-432,954.79
202212-438,914.22
20231-452,726.73
20232-441,021.81
20233-458,646.01
20234-462,029.42
20235-484,863.78
20236-503,657.30
20237-498,632.63
20238-493,877.79
20239-478,877.17
202310-500,913.78
202311-526,837.30
202312-542,177.95
20241-564,945.47
20242-583,487.66
20243-577,599.52
20244-591,465.63
20245-596,908.29
Click to show 966 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 1943 to 2024
Start Value
Average monthly close
$10.09
End Value
Average monthly close
$5,283.40
Change in price+52,262.74%
+8.04% / yr
Change incl. dividends+743,485.09%
+11.57% / yr
Change incl. dividends, inflation-adjusted+40,859.22%
+7.67% / yr
Final amount, nominal
($100 base)
$743,585.09
Final amount, inflation-adjusted
($100 base)
$40,959.22