S&P 500: $100 in 1947 → $428,687.51 in 2024

$

Stock market returns since 1947

If you invested $100 in the S&P 500 at the beginning of 1947, you would have about $428,687.51 at the end of 2024, assuming you reinvested all dividends. This is a return on investment of 428,587.51%, or 11.41% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 30,219.38% cumulatively, or 7.66% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $403,746.36.

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 $428,587.51, or 428,587.51%. This means by 2024 you would have $428,687.51 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 1947 was 22.300 and the CPI in 2024 was 315.301.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 77 years.

Adjusted for inflation, the $428,687.51 nominal end value of the original $100 investment would have a real return of roughly $30,219.38 in 1947 dollars. This means the inflation-adjusted return is 30,219.38% as opposed to the original 428,587.51%.

For more information on inflation, see our U.S. inflation calculator for 1947.

Full monthly data

The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 929-month period between 1947 and 2024.

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

YearMonthReturn (%)Amount ($)CPI
194714.27%104.2721.50
19472-3.67%100.4421.50
19473-3.30%97.1321.90
19474-1.36%95.8021.90
194753.92%99.5621.90
194766.69%106.2222.00
19477-1.56%104.5722.20
19478-2.17%102.3022.50
194793.03%105.4023.00
194710-0.73%104.6323.00
194711-1.12%103.4623.10
194712-0.86%102.5623.40
19481-4.45%98.0023.70
194821.92%99.8823.50
194838.19%108.0623.40
194845.33%113.8223.80
194854.59%119.0423.90
19486-1.96%116.7124.10
19487-2.49%113.8024.40
19488-0.68%113.0324.50
194893.19%116.6424.50
194810-5.10%110.6924.40
194811-0.16%110.5124.20
1948121.63%112.3124.10
19491-3.33%108.5724.00
194921.49%110.1923.80
194930.41%110.6523.80
19494-0.18%110.4523.90
19495-4.91%105.0223.80
194966.26%111.6023.90
194974.17%116.2523.70
194981.87%118.4323.80
194993.14%122.1523.90
1949101.95%124.5323.70
1949113.24%128.5723.80
1949122.63%131.9523.60
195012.52%135.2823.50
195021.38%137.1423.50
195033.39%141.7823.60
195043.91%147.3323.60
195052.16%150.5223.70
19506-6.72%140.4023.80
195076.64%149.7224.10
195084.11%155.8724.30
195094.72%163.2324.40
1950100.38%163.8424.60
1950110.19%164.1624.70
1950128.01%177.3125.00
195114.31%184.9525.40
19512-1.11%182.9025.70
195131.93%186.4225.80
195140.63%187.5925.80
19515-1.15%185.4425.90
195162.37%189.8325.90
195174.97%199.2625.90
195183.14%205.5125.90
195190.03%205.5626.10
195110-2.25%200.9326.20
1951113.61%208.1926.40
1951123.83%216.1726.50
19521-1.33%213.2926.50
195220.75%214.8926.30
195230.20%215.3326.30
195240.46%216.3226.40
195253.24%223.3426.40
195263.37%230.8626.50
195270.88%232.8926.70
19528-1.11%230.3126.70
19529-1.61%226.6026.70
1952103.67%234.9126.70
1952114.51%245.5026.70
1952120.99%247.9326.70
19531-0.77%246.0126.60
195320.96%248.3726.50
19533-4.47%237.2626.60
195341.00%239.6426.60
19535-3.11%232.1926.70
195361.91%236.6326.80
195370.90%238.7626.80
19538-4.11%228.9526.90
195393.52%237.0126.90
1953102.71%243.4227.00
1953111.84%247.9026.90
1953123.02%255.3926.90
195412.68%262.2326.90
195422.58%269.0026.90
195434.45%280.9726.90
195444.42%293.4026.80
195451.22%296.9926.90
195464.46%310.2226.90
195472.39%317.6526.90
195482.74%326.3526.90
195492.71%335.2026.80
1954104.30%349.6226.80
1954114.95%366.9426.80
1954122.17%374.9026.70
195513.70%388.7826.70
19552-0.44%387.0926.70
195533.81%401.8326.70
19554-0.08%401.5126.70
195556.15%426.1926.70
195567.64%458.7626.70
19557-0.30%457.3926.80
195584.82%479.4226.80
19559-4.72%456.7726.90
1955107.07%489.0426.90
1955111.24%495.1026.90
195512-2.39%483.2726.80
195610.95%487.8626.80
195627.21%523.0226.80
195631.48%530.7726.80
19564-2.84%515.7126.90
19565-0.26%514.3627.00
195665.75%543.9227.20
19567-0.28%542.3827.40
19568-3.09%525.6227.30
19569-0.95%520.6127.40
195610-0.71%516.9027.50
1956111.81%526.2527.50
195612-1.86%516.4527.60
19571-4.00%495.8127.60
195721.62%503.8527.70
195732.64%517.1727.80
195744.16%538.6927.90
195751.95%549.2128.00
195762.32%561.9728.10
19577-5.21%532.7228.30
19578-3.74%512.7928.30
19579-5.90%482.5628.30
195710-1.80%473.8728.30
1957110.32%475.3828.40
1957122.33%486.4528.40
195810.70%489.8628.60
195822.42%501.7128.60
195830.90%506.2128.80
195843.56%524.2228.90
195852.74%538.5628.90
195863.07%555.0928.90
195874.05%577.6029.00
195882.94%594.6028.90
195894.36%620.5228.90
1958103.33%641.1628.90
1958112.16%655.0329.00
1958124.25%682.8928.90
19591-1.27%674.2629.00
195922.81%693.1828.90
195931.94%706.6028.90
195941.77%719.0729.00
19595-0.61%714.7129.00
195964.23%744.9329.10
19597-0.32%742.5629.20
19598-3.70%715.0629.20
195990.18%716.3229.30
1959100.67%721.1129.40
1959113.46%746.0929.40
195912-1.49%735.0029.40
19601-3.61%708.4729.30
19602-1.08%700.8429.40
196031.58%711.9429.40
19604-0.62%707.4929.50
196053.99%735.7129.50
19606-2.20%719.5529.60
196071.49%730.2829.60
19608-2.72%710.4129.60
19609-1.67%698.5229.60
1960103.54%723.2529.80
1960112.69%742.7129.80
1960125.43%783.0229.80
196114.37%817.2729.80
196123.40%845.0329.80
196132.92%869.7029.80
196141.26%880.6929.80
19615-1.08%871.1729.80
19616-0.03%870.9329.80
196173.84%904.3630.00
19618-0.54%899.4629.90
196191.34%911.5430.00
1961104.77%955.0430.00
1961111.16%966.1530.00
196112-3.49%932.4630.00
196211.91%950.2730.00
196220.34%953.5130.10
19623-2.94%925.4330.10
19624-7.19%858.9330.20
19625-11.41%760.9130.20
196262.72%781.5830.20
196273.02%805.2130.30
19628-0.59%800.4330.30
19629-2.86%777.5730.40
1962107.20%833.5630.40
1962114.62%872.1030.40
1962124.15%908.2730.40
196311.60%922.7630.40
19632-0.11%921.7630.40
196334.98%967.6530.50
196342.27%989.6130.50
196350.22%991.7530.50
19636-1.22%979.6330.60
196373.03%1,009.3330.70
196382.89%1,038.5330.70
196390.50%1,043.7230.70
196310-0.31%1,040.5230.80
1963112.39%1,065.4330.80
1963123.33%1,100.9130.90
196411.48%1,117.2030.90
196422.07%1,140.3430.90
196431.69%1,159.6530.90
196441.22%1,173.8030.90
19645-0.35%1,169.6830.90
196463.96%1,216.0131.00
19647-1.23%1,201.1131.10
196481.97%1,224.7231.00
196491.97%1,248.8431.10
1964100.94%1,260.5531.10
196411-1.49%1,241.7631.20
1964122.82%1,276.7931.20
196510.98%1,289.2431.20
196520.34%1,293.5631.20
196531.56%1,313.7131.30
196541.73%1,336.4731.40
19655-4.51%1,276.2331.40
196560.10%1,277.5531.60
196572.12%1,304.6131.60
196583.60%1,351.5331.60
196592.50%1,385.2731.60
1965101.08%1,400.1831.70
196511-0.21%1,397.2231.70
1965121.98%1,424.8931.80
19661-0.43%1,418.7531.80
19662-3.86%1,363.9632.00
196633.32%1,409.2532.10
19664-5.01%1,338.6832.30
19665-0.56%1,331.1932.30
196660.02%1,331.4432.40
19667-5.77%1,254.6232.50
19668-3.22%1,214.1632.70
19669-0.56%1,207.3132.70
1966105.32%1,271.4932.90
1966110.72%1,280.5932.90
1966124.13%1,333.4832.90
196713.73%1,383.2232.90
196722.63%1,419.6532.90
196731.99%1,447.9433.00
196742.06%1,477.7333.10
19675-0.99%1,463.0833.20
196761.99%1,492.2333.30
196771.85%1,519.8633.40
196781.65%1,545.0033.50
196790.10%1,546.5033.60
196710-2.88%1,501.9333.70
1967113.11%1,548.6733.80
196712-0.02%1,548.4033.90
19681-4.26%1,482.4834.10
19682-1.56%1,459.3734.20
196837.66%1,571.1834.30
196842.56%1,611.3734.40
196852.94%1,658.7534.50
196860.05%1,659.5734.70
19687-1.93%1,627.4734.90
196883.51%1,684.5635.00
196892.72%1,730.3335.10
1968101.79%1,761.2335.30
1968111.29%1,783.8735.40
196812-3.99%1,712.7835.50
19691-0.24%1,708.6935.60
19692-1.91%1,675.9935.80
196932.27%1,714.1136.10
196943.51%1,774.3336.30
19695-4.97%1,686.1236.40
19696-4.21%1,615.2236.60
19697-0.28%1,610.6436.80
196980.63%1,620.7637.00
196991.35%1,642.5837.10
1969101.00%1,658.9637.30
196911-5.03%1,575.5637.50
196912-0.59%1,566.2837.70
19701-3.20%1,516.2237.80
197022.01%1,546.7338.00
19703-2.75%1,504.2338.20
19704-11.20%1,335.7738.50
19705-0.27%1,332.1738.60
197060.52%1,339.1338.80
197073.26%1,382.7339.00
197086.32%1,470.1339.00
197092.49%1,506.7339.20
1970100.21%1,509.8539.40
1970117.16%1,617.9339.60
1970124.11%1,684.4439.80
197114.15%1,754.3639.80
197122.83%1,804.0439.90
197133.67%1,870.3240.00
19714-1.11%1,849.6040.10
19715-1.60%1,820.0840.30
19716-0.46%1,811.6540.60
19717-1.52%1,784.1740.70
197182.49%1,828.5340.80
19719-1.86%1,794.4540.80
197110-4.37%1,716.0140.90
1971117.16%1,838.9340.90
1971124.42%1,920.2641.10
197212.09%1,960.3441.10
197222.62%2,011.6941.30
197231.26%2,037.0241.40
19724-0.78%2,021.2141.50
197250.52%2,031.6441.60
19726-0.50%2,021.4141.70
197273.78%2,097.8941.90
19728-1.21%2,072.5042.00
197290.42%2,081.1542.10
1972105.25%2,190.4942.30
1972112.31%2,241.1342.40
1972120.99%2,263.3042.50
19731-3.33%2,188.0442.60
19732-1.35%2,158.6142.90
19733-1.63%2,123.3543.30
19734-2.57%2,068.7843.60
19735-1.99%2,027.6243.90
197361.21%2,052.1644.20
19737-1.64%2,018.6044.30
197382.00%2,058.8745.10
197394.24%2,146.0745.20
197310-6.85%1,999.0145.60
197311-6.81%1,862.9745.90
1973121.70%1,894.6546.20
19741-2.47%1,847.8046.60
197424.57%1,932.3347.20
19743-4.82%1,839.2547.80
19744-2.71%1,789.4948.00
197450.46%1,797.6748.60
19746-11.35%1,593.6949.00
19747-3.76%1,533.6949.40
19748-10.01%1,380.1150.00
197492.38%1,412.9250.60
1974103.74%1,465.8151.10
197411-6.09%1,376.5251.50
1974128.63%1,495.3551.90
1975110.81%1,656.9652.10
197524.97%1,739.3752.50
197531.49%1,765.2352.70
197546.71%1,883.7352.90
197552.89%1,938.2553.20
197560.43%1,946.6353.60
19757-7.00%1,810.4454.20
19758-0.85%1,795.0054.30
197594.97%1,884.2354.60
1975102.04%1,922.7054.90
197511-1.18%1,900.0255.30
1975129.55%2,081.3955.50
197614.18%2,168.3555.60
197620.80%2,185.7555.80
197631.10%2,209.6955.90
19764-0.38%2,201.2256.10
197650.90%2,221.0556.50
197662.67%2,280.2556.80
19767-0.56%2,267.4657.10
197682.44%2,322.7457.40
19769-3.11%2,250.5457.60
197610-0.37%2,242.2957.90
1976113.79%2,327.2058.00
197612-0.54%2,314.6958.20
19771-2.37%2,259.8758.50
19772-0.05%2,258.6459.10
19773-1.19%2,231.6859.50
197740.06%2,233.1260.00
197750.90%2,253.2260.30
197761.28%2,282.1160.70
19777-2.08%2,234.6861.00
19778-1.18%2,208.4161.20
19779-2.20%2,159.8761.40
1977100.98%2,181.0661.60
197711-0.08%2,179.3261.90
197712-3.39%2,105.4362.10
19781-0.97%2,084.9762.50
197820.27%2,090.5062.90
197834.83%2,191.4863.40
197845.50%2,312.1063.90
197850.67%2,327.6764.50
19786-0.06%2,326.2265.20
197877.33%2,496.6965.70
197880.40%2,506.6766.00
19789-2.77%2,437.1566.50
197810-5.44%2,304.6367.10
1978111.92%2,348.9467.40
1978124.19%2,447.2567.70
19791-1.06%2,421.3868.30
197922.34%2,478.0769.10
197932.43%2,538.3169.80
19794-1.89%2,490.2670.60
197952.42%2,550.4771.50
197961.42%2,586.7172.30
197975.01%2,716.4173.10
197981.54%2,758.2673.80
19799-3.35%2,665.7974.60
197910-0.32%2,657.1975.20
1979114.40%2,774.2175.90
1979123.31%2,866.1176.70
198014.40%2,992.1077.80
19802-8.78%2,729.4678.90
19803-1.16%2,697.7480.10
198045.04%2,833.6081.00
198056.86%3,028.0681.80
198064.97%3,178.5482.70
198073.50%3,289.9482.70
198082.84%3,383.2383.30
198093.32%3,495.7284.00
1980104.61%3,657.0384.80
198011-1.24%3,611.5185.50
1980120.01%3,611.8786.30
19811-3.07%3,500.9887.00
198124.14%3,646.0487.90
198131.29%3,693.2188.50
19814-1.62%3,633.4889.10
198150.86%3,664.6489.80
19816-2.02%3,590.7590.60
198170.80%3,619.5791.60
19818-8.30%3,319.0592.30
198191.73%3,376.3893.20
1981103.04%3,479.1593.40
1981111.18%3,520.1893.70
198112-4.80%3,351.0694.00
19821-1.91%3,286.9394.30
19822-2.74%3,196.7294.60
198235.47%3,371.5694.50
198240.57%3,390.7694.90
19825-5.27%3,212.0595.80
198260.24%3,219.8897.00
198270.79%3,245.4597.50
1982812.10%3,638.0397.70
198298.88%3,961.1397.90
1982104.50%4,139.3898.20
1982111.36%4,195.4998.00
1982123.93%4,360.2097.60
198312.13%4,453.0797.80
198323.87%4,625.2197.90
198334.20%4,819.3597.90
198344.42%5,032.5598.60
198351.75%5,120.8099.20
198360.71%5,157.0699.50
19837-2.41%5,032.9299.90
198383.31%5,199.71100.20
198390.65%5,233.40100.70
198310-1.14%5,173.66101.00
198311-0.13%5,167.03101.20
1983121.58%5,248.46101.30
19841-5.11%4,980.15101.90
198420.44%5,002.18102.40
198430.51%5,027.55102.60
19844-0.25%5,014.85103.10
19845-1.85%4,922.16103.40
19846-0.91%4,877.45103.70
198479.21%5,326.49104.10
198481.41%5,401.43104.50
19849-0.41%5,379.16105.00
1984101.29%5,448.33105.30
198411-0.71%5,409.78105.30
1984124.70%5,663.91105.30
198515.79%5,991.70105.50
19852-0.48%5,963.04106.00
198531.02%6,024.14106.40
198542.74%6,188.94106.90
198552.51%6,344.34107.30
198562.25%6,486.92107.60
19857-1.85%6,367.21107.80
19858-1.88%6,247.19108.00
198591.50%6,340.62108.30
1985106.42%6,747.72108.70
1985115.29%7,104.98109.00
1985120.75%7,158.39109.30
198615.70%7,566.22109.60
198626.18%8,034.02109.30
198632.74%8,254.27108.80
198640.49%8,294.87108.60
198653.13%8,554.77108.90
19866-1.80%8,400.45109.50
198672.28%8,592.05109.50
19868-2.46%8,381.01109.70
19869-0.09%8,373.47110.20
1986103.53%8,669.30110.30
1986111.71%8,817.46110.40
1986126.67%9,405.88110.50
198716.46%10,013.68111.20
198724.38%10,451.92111.60
19873-0.86%10,362.40112.10
198740.17%10,380.31112.70
198754.50%10,847.27113.10
198763.12%11,185.93113.50
198776.45%11,907.87113.80
19878-3.03%11,547.01114.40
19879-11.85%10,178.24115.00
198710-12.30%8,925.97115.30
198711-1.33%8,806.84115.40
1987124.25%9,180.82115.40
198813.33%9,486.41115.70
198823.23%9,793.02116.00
19883-0.89%9,706.25116.50
19884-2.19%9,493.85117.10
198856.00%10,063.31117.50
19886-0.31%10,032.42118.00
19887-1.72%9,860.02118.50
198881.93%10,050.04119.00
198893.80%10,432.10119.80
198810-2.02%10,221.35120.20
1988112.33%10,459.09120.30
1988123.51%10,826.48120.50
198913.30%11,183.74121.10
19892-0.16%11,165.66121.60
198933.56%11,563.69122.30
198944.12%12,039.58123.10
198953.39%12,448.03123.80
198962.80%12,796.60124.10
198974.69%13,396.86124.40
198980.46%13,457.88124.60
198990.29%13,496.41125.00
198910-1.81%13,251.64125.60
1989112.74%13,614.30125.90
198912-2.21%13,313.26126.10
19901-2.53%12,976.81127.40
199022.71%13,328.11128.00
199030.20%13,354.23128.70
199043.85%13,868.50128.90
199053.17%14,308.12129.20
199060.17%14,332.41129.90
19907-7.86%13,205.70130.40
19908-4.34%12,632.44131.60
19909-2.32%12,339.90132.70
1990102.98%12,708.10133.50
1990114.59%13,290.97133.80
199012-0.69%13,199.90133.80
1991111.61%14,731.98134.60
199123.04%15,180.52134.80
199132.26%15,523.42135.00
19914-0.18%15,495.65135.20
199150.35%15,549.42135.60
199160.78%15,670.78136.00
199172.68%16,090.59136.20
19918-0.30%16,041.82136.60
199190.18%16,070.96137.20
1991100.02%16,073.50137.40
1991110.94%16,223.81137.80
1991127.36%17,417.56137.90
19921-0.60%17,312.91138.10
19922-1.01%17,137.64138.60
199230.26%17,182.93139.30
199242.07%17,538.34139.50
19925-1.33%17,305.23139.70
199261.91%17,636.13140.20
199270.94%17,802.21140.50
199280.38%17,869.54140.90
19929-1.18%17,658.31141.30
1992102.76%18,145.13141.80
1992113.27%18,738.70142.00
1992120.14%18,765.47141.90
199311.72%19,089.04142.60
199322.15%19,499.48143.10
19933-1.34%19,237.85143.60
199340.72%19,377.27144.00
199350.87%19,544.92144.20
199360.06%19,556.84144.40
199371.76%19,901.52144.40
199381.35%20,171.18144.80
199391.24%20,421.69145.10
1993100.01%20,423.23145.70
1993110.89%20,604.42145.80
1993121.74%20,962.09145.80
19941-0.08%20,946.22146.20
19942-1.42%20,647.98146.70
19943-3.35%19,957.02147.20
199441.06%20,168.22147.40
199451.11%20,391.70147.50
19946-0.52%20,285.89148.00
199473.08%20,911.12148.40
199480.82%21,082.06149.00
19949-0.44%20,988.45149.40
199410-0.37%20,910.82149.50
199411-1.03%20,696.34149.70
1994122.45%21,203.64149.70
199513.82%22,013.43150.30
199522.56%22,576.57150.90
199533.22%23,302.53151.40
199543.35%24,082.64151.90
199553.18%24,848.09152.20
199563.55%25,729.57152.50
199570.51%25,861.60152.50
199583.72%26,823.05152.90
199590.91%27,067.82153.20
1995102.36%27,706.19153.70
1995113.39%28,645.19153.60
1995120.16%28,691.76153.50
199615.90%30,385.83154.40
19962-0.20%30,324.85154.90
199630.20%30,384.60155.70
199642.35%31,100.11156.30
199651.28%31,497.75156.60
19966-3.48%30,402.71156.70
199673.08%31,337.82157.00
199682.02%31,972.02157.30
199694.12%33,289.10157.80
1996105.05%34,970.90158.30
1996111.20%35,389.93158.60
1996123.26%36,542.77158.60
199714.36%38,136.46159.10
19972-0.62%37,898.61159.60
19973-3.41%36,608.06160.00
199749.22%39,982.53160.20
199755.34%42,116.33160.10
199765.74%44,532.09160.30
199770.35%44,686.97160.50
199781.19%45,219.64160.80
199791.65%45,963.68161.20
199710-1.15%45,434.15161.60
1997112.63%46,631.17161.50
1997120.24%46,741.73161.30
199816.40%49,734.21161.60
199825.31%52,376.52161.90
199833.41%54,160.30162.20
19984-0.22%54,040.14162.50
199850.12%54,103.07162.80
199864.47%56,520.22163.00
19987-6.97%52,580.19163.20
19988-4.90%50,004.57163.40
199891.29%50,650.06163.60
19981010.97%56,208.59164.00
1998114.10%58,515.45164.00
1998125.05%61,469.13163.90
19991-0.07%61,428.12164.30
199922.92%63,223.98164.50
199934.25%65,911.01165.00
19994-0.10%65,845.87166.20
19995-0.61%65,443.05166.20
199964.52%68,402.64166.20
19997-3.77%65,820.86166.70
19998-0.60%65,427.24167.10
19999-1.27%64,594.70167.90
1999107.11%69,184.76168.20
1999112.81%71,127.98168.30
199912-0.12%71,043.38168.30
20001-2.48%69,282.87168.80
200023.94%72,013.28169.80
200031.42%73,039.23171.20
20004-2.84%70,965.79171.30
200053.16%73,210.78171.50
200060.85%73,833.32172.40
200070.94%74,527.14172.80
20008-1.08%73,722.51172.80
20009-5.21%69,878.45173.70
200010-0.77%69,338.59174.00
200011-3.32%67,036.50174.10
2000120.46%67,341.52174.00
20011-2.14%65,902.93175.10
20012-9.08%59,919.01175.80
200130.45%60,187.86176.20
200146.88%64,328.39176.90
20015-2.39%62,791.81177.70
20016-2.66%61,121.40178.00
20017-2.05%59,870.96177.50
20018-11.25%53,137.08177.50
200193.18%54,828.98178.30
2001105.05%57,599.56177.70
2001111.47%58,444.00177.40
200112-0.30%58,270.02176.70
20021-3.35%56,316.36177.10
200224.95%59,101.36177.80
20023-3.51%57,024.28178.80
20024-2.82%55,415.98179.80
20025-5.92%52,134.83179.80
20026-10.76%46,525.90179.90
200271.14%47,055.73180.10
20028-4.76%44,816.95180.70
20029-1.37%44,204.28181.00
2002106.63%47,133.07181.30
200211-1.04%46,645.22181.30
200212-0.22%46,541.42180.90
20031-6.41%43,555.87181.70
200321.31%44,125.53183.10
200335.29%46,457.95184.20
200345.31%48,925.89183.80
200355.70%51,716.71183.50
200360.60%52,024.89183.70
20037-0.17%51,938.36183.90
200383.16%53,580.23184.60
200392.03%54,666.74185.20
2003101.21%55,328.53185.00
2003113.06%57,023.69184.50
2003124.93%59,837.79184.30
200411.09%60,488.03185.20
20042-1.57%59,541.27186.20
200430.97%60,117.71187.40
20044-2.56%58,576.14188.00
200452.86%60,250.06189.10
20046-2.24%58,901.19189.70
20047-1.39%58,083.90189.40
200482.78%59,700.15189.50
200490.10%59,761.40189.90
2004104.77%62,614.35190.90
2004112.73%64,322.12191.00
200412-1.35%63,454.27190.30
200511.68%64,521.07190.70
20052-0.26%64,356.16191.80
20053-2.41%62,805.88193.30
200541.34%63,644.88194.60
200552.18%65,032.78194.40
200561.81%66,208.44194.50
200570.31%66,413.70195.40
200580.28%66,599.45196.40
20059-2.62%64,851.74198.80
2005103.96%67,420.86199.20
2005112.14%68,866.46197.60
2005121.47%69,876.57196.80
20061-0.02%69,864.94198.30
200621.49%70,903.23198.70
200630.80%71,469.27199.80
20064-0.79%70,907.07201.50
20065-2.71%68,988.47202.50
200660.72%69,485.22202.90
200672.29%71,077.65203.50
200682.53%72,876.75203.90
200693.62%75,511.91202.90
2006102.00%77,023.39201.80
2006112.15%78,678.06201.50
2006120.69%79,223.16201.80
200711.60%80,487.60202.42
20072-2.47%78,496.42203.50
200734.18%81,777.78205.35
200743.39%84,551.48206.69
200750.34%84,843.10207.95
200760.57%85,330.62208.35
20077-4.20%81,745.79208.30
200783.07%84,259.26207.92
200792.99%86,779.99208.49
200710-4.81%82,609.08208.94
2007111.24%83,631.96210.18
200712-6.64%78,082.81210.04
20081-1.56%76,861.62211.08
20082-2.63%74,842.75211.69
200834.24%78,018.93213.53
200842.56%80,018.24214.82
20085-4.25%76,620.20216.63
20086-6.08%71,962.87218.82
200872.11%73,481.67219.96
20088-4.85%69,919.62219.09
20089-20.19%55,800.34218.78
200810-8.61%50,998.53216.57
200811-0.35%50,819.41212.43
200812-1.10%50,262.66210.23
20091-6.70%46,893.80211.14
20092-5.69%44,226.74212.19
2009312.32%49,676.25212.71
200946.66%52,984.60213.24
200952.87%54,504.66213.86
200961.28%55,201.03215.69
200978.12%59,683.77215.35
200983.65%61,862.43215.83
200992.40%63,349.05215.97
2009102.09%64,675.78216.18
2009112.23%66,115.38216.33
2009121.36%67,012.54215.95
20101-2.90%65,070.20216.69
201025.94%68,937.34216.74
201034.09%71,755.45217.63
20104-5.88%67,534.51218.01
20105-3.54%65,141.39218.18
20106-0.16%65,037.76217.97
201070.86%65,599.44218.01
201083.37%67,810.90218.31
201094.58%70,914.90218.44
2010102.49%72,681.33218.71
2010113.71%75,380.52218.80
2010123.46%77,990.34219.18
201113.15%80,447.71220.22
20112-1.11%79,552.76221.31
201132.22%81,319.61223.47
201140.66%81,855.70224.91
20115-3.66%78,857.65225.96
201163.10%81,303.61225.72
20117-10.40%72,847.51225.92
20118-0.79%72,272.56226.55
201193.02%74,454.40226.89
2011101.77%75,770.10226.42
2011111.55%76,948.14226.23
2011124.78%80,628.23225.67
201214.16%83,984.46226.67
201222.88%86,406.44227.66
20123-0.04%86,373.42229.39
20124-3.09%83,703.66230.09
20125-1.15%82,739.05229.82
201262.92%85,155.93229.48
201273.39%88,040.76229.10
201283.02%90,700.62230.38
20129-0.22%90,503.67231.41
201210-2.84%87,935.64231.32
2012112.18%89,848.71230.22
2012124.27%93,684.14229.60
201312.33%95,869.81230.28
201322.72%98,479.82232.17
201331.45%99,911.51232.77
201344.57%104,481.73232.53
20135-1.12%103,313.86232.95
201363.25%106,676.19233.50
201370.25%106,945.57233.60
201381.19%108,220.87233.88
201392.12%110,512.50234.15
2013103.86%114,778.27233.55
2013111.52%116,524.81233.07
2013120.97%117,652.55233.05
20141-0.13%117,499.56233.92
201422.72%120,698.21234.78
201430.20%120,941.69236.29
201441.53%122,794.56237.07
201453.20%126,719.46237.90
201461.50%128,614.96238.34
20147-0.43%128,065.83238.25
201481.78%130,342.89237.85
20149-2.65%126,893.25238.03
2014105.71%134,133.34237.43
2014110.63%134,983.60236.15
201412-1.11%133,485.22234.81
201512.83%137,259.38233.71
201520.06%137,335.37234.72
201530.88%138,541.73236.12
201540.98%139,897.93236.60
20155-0.44%139,288.67237.81
20156-0.08%139,177.75238.64
20157-2.42%135,803.53238.65
20158-4.51%129,682.74238.32
201594.32%135,281.30237.95
2015102.93%139,248.38237.84
201511-1.10%137,712.51237.34
201512-6.42%128,871.89236.53
20161-0.55%128,163.21236.92
201626.36%136,317.89237.11
201632.83%140,177.40238.13
20164-0.30%139,750.75239.26
201651.07%141,241.18240.23
201663.30%145,898.52241.02
201671.20%147,648.22240.63
20168-0.44%147,000.53240.85
20169-0.51%146,256.73241.43
2016101.20%148,013.51241.73
2016113.95%153,854.07241.35
2016121.44%156,065.93241.43
201712.58%160,086.88242.84
201721.75%162,887.21243.60
20173-0.15%162,636.36243.80
201741.69%165,388.78244.52
201751.78%168,326.79244.73
201760.99%169,989.66244.96
201770.25%170,410.90244.79
201781.65%173,228.25245.52
201792.73%177,965.69246.82
2017101.59%180,794.58246.66
2017112.88%186,007.76246.67
2017124.86%195,051.27246.52
20181-2.89%189,420.75247.87
201820.06%189,543.08248.99
20183-1.66%186,389.13249.55
201841.96%190,045.38250.55
201852.11%194,060.98251.59
201861.58%197,128.59251.99
201872.45%201,959.83252.01
201881.68%205,352.24252.15
20189-3.85%197,448.26252.44
201810-2.08%193,349.02252.89
201811-5.56%182,593.96252.04
2018121.74%185,763.13251.23
201915.83%196,591.08251.71
201921.95%200,420.72252.78
201933.72%207,882.82254.20
20194-1.53%204,698.49255.55
201951.40%207,573.99256.09
201963.83%215,518.56256.14
20197-3.13%208,763.32256.57
201983.09%215,204.14256.56
201990.01%215,225.24256.76
2019104.43%224,767.66257.35
2019112.47%230,317.90257.21
2019123.35%238,025.25256.97
202010.12%238,315.82257.97
20202-18.92%193,231.93258.68
202034.32%201,576.87258.12
202045.89%213,444.44256.39
202056.51%227,335.98256.39
202063.48%235,239.17257.80
202075.89%249,103.00259.10
20208-0.63%247,541.12259.92
202091.73%251,813.68260.28
2020103.95%261,770.69260.39
2020114.26%272,922.33260.23
2020122.80%280,551.33260.47
202112.49%287,541.34261.58
202120.82%289,903.09263.01
202136.02%307,359.56264.88
202140.76%309,696.21267.05
202151.81%315,303.02269.20
202163.07%324,977.15271.70
202172.19%332,078.42273.00
20218-0.08%331,797.82273.57
202190.45%333,298.13274.31
2021104.74%349,112.28276.59
2021110.27%350,038.83277.95
202112-2.05%342,856.20278.80
20221-2.90%332,904.56281.15
20222-0.89%329,933.11283.72
202230.12%330,323.43287.50
20224-7.87%304,317.95289.11
20225-3.37%294,064.31292.30
202260.46%295,430.78296.31
202276.45%314,478.37296.28
20228-7.28%291,592.51296.17
20229-3.09%282,578.87296.81
2022105.29%297,513.43298.01
2022110.01%297,545.68297.71
2022121.38%301,641.26296.80
202313.15%311,133.83299.17
20232-2.59%303,089.69300.84
202334.00%315,201.82301.84
202340.74%317,527.05303.36
202354.94%333,219.83304.13
202363.88%346,135.57305.11
20237-1.00%342,682.40305.69
20238-0.95%339,414.66307.03
20239-3.04%329,105.57307.79
2023104.60%344,250.10307.67
2023115.18%362,065.89307.05
2023122.91%372,608.66306.75
202414.20%388,255.51308.42
202423.28%400,998.52310.33
20243-1.01%396,951.93312.33
202442.52%406,942.07313.55
202455.34%428,687.51314.07
Click to show 918 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 1947. This would result in a final amount of $403,746.36, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $428,687.51).

YearMonthContribution ($)Amount ($)
194714.164.32
194724.168.15
194734.1611.89
194744.1615.82
194754.1620.74
194764.1626.55
194774.1630.21
194784.1633.61
194794.1638.90
1947104.1642.72
1947114.1646.34
1947124.1650.04
194814.1651.77
194824.1656.98
194834.1666.13
194844.1674.02
194854.1681.75
194864.1684.21
194874.1686.15
194884.1689.68
194894.1696.81
1948104.1695.80
1948114.1699.78
1948124.32105.78
19491-102.26
19492-103.78
19493-104.21
19494-104.02
19495-98.91
19496-105.11
19497-109.49
19498-111.54
19499-115.04
194910-117.28
194911-121.09
194912-124.27
19501-127.40
19502-129.16
19503-133.53
19504-138.76
19505-141.76
19506-132.23
19507-141.01
19508-146.80
19509-153.73
195010-154.31
195011-154.61
195012-167.00
19511-174.19
19512-172.26
19513-175.57
19514-176.68
19515-174.65
19516-178.79
19517-187.67
19518-193.55
19519-193.60
195110-189.24
195111-196.08
195112-203.60
19521-200.89
19522-202.39
19523-202.80
19524-203.73
19525-210.35
19526-217.43
19527-219.34
19528-216.91
19529-213.42
195210-221.24
195211-231.22
195212-233.51
19531-231.70
19532-233.92
19533-223.45
19534-225.69
19535-218.68
19536-222.87
19537-224.87
19538-215.63
19539-223.22
195310-229.26
195311-233.47
195312-240.53
19541-246.97
19542-253.35
19543-264.62
19544-276.33
19545-279.71
19546-292.17
19547-299.17
19548-307.37
19549-315.70
195410-329.28
195411-345.59
195412-353.08
19551-366.16
19552-364.57
19553-378.45
19554-378.15
19555-401.39
19556-432.07
19557-430.78
19558-451.53
19559-430.19
195510-460.59
195511-466.29
195512-455.16
19561-459.48
19562-492.59
19563-499.89
19564-485.70
19565-484.43
19566-512.28
19567-510.82
19568-495.04
19569-490.32
195610-486.83
195611-495.63
195612-486.40
19571-466.97
19572-474.53
19573-487.08
19574-507.35
19575-517.26
19576-529.27
19577-501.72
19578-482.96
19579-454.48
195710-446.30
195711-447.72
195712-458.14
19581-461.36
19582-472.52
19583-476.76
19584-493.72
19585-507.22
19586-522.80
19587-543.99
19588-560.01
19589-584.42
195810-603.86
195811-616.92
195812-643.16
19591-635.03
19592-652.85
19593-665.49
19594-677.24
19595-673.13
19596-701.59
19597-699.35
19598-673.46
19599-674.65
195910-679.16
195911-702.68
195912-692.24
19601-667.26
19602-660.06
19603-670.52
19604-666.33
19605-692.90
19606-677.69
19607-687.79
19608-669.08
19609-657.88
196010-681.17
196011-699.50
196012-737.46
19611-769.72
19612-795.87
19613-819.10
19614-829.45
19615-820.49
19616-820.26
19617-851.75
19618-847.13
19619-858.51
196110-899.48
196111-909.94
196112-878.21
19621-894.98
19622-898.03
19623-871.58
19624-808.96
19625-716.64
19626-736.11
19627-758.36
19628-753.86
19629-732.33
196210-785.06
196211-821.36
196212-855.42
19631-869.07
19632-868.13
19633-911.35
19634-932.03
19635-934.05
19636-922.64
19637-950.60
19638-978.11
19639-983.00
196310-979.99
196311-1,003.44
196312-1,036.86
19641-1,052.20
19642-1,073.99
19643-1,092.18
19644-1,105.51
19645-1,101.63
19646-1,145.26
19647-1,131.23
19648-1,153.46
19649-1,176.19
196410-1,187.21
196411-1,169.51
196412-1,202.50
19651-1,214.23
19652-1,218.30
19653-1,237.28
19654-1,258.72
19655-1,201.98
19656-1,203.22
19657-1,228.71
19658-1,272.90
19659-1,304.68
196510-1,318.72
196511-1,315.92
196512-1,341.99
19661-1,336.21
19662-1,284.60
19663-1,327.26
19664-1,260.80
19665-1,253.74
19666-1,253.97
19667-1,181.63
19668-1,143.52
19669-1,137.07
196610-1,197.51
196611-1,206.09
196612-1,255.90
19671-1,302.75
19672-1,337.06
19673-1,363.70
19674-1,391.76
19675-1,377.95
19676-1,405.41
19677-1,431.43
19678-1,455.11
19679-1,456.52
196710-1,414.55
196711-1,458.57
196712-1,458.31
19681-1,396.23
19682-1,374.46
19683-1,479.77
19684-1,517.62
19685-1,562.25
19686-1,563.01
19687-1,532.78
19688-1,586.55
19689-1,629.66
196810-1,658.76
196811-1,680.08
196812-1,613.13
19691-1,609.28
19692-1,578.48
19693-1,614.38
19694-1,671.10
19695-1,588.02
19696-1,521.24
19697-1,516.93
19698-1,526.46
19699-1,547.02
196910-1,562.45
196911-1,483.89
196912-1,475.15
19701-1,428.01
19702-1,456.74
19703-1,416.71
19704-1,258.06
19705-1,254.66
19706-1,261.22
19707-1,302.28
19708-1,384.60
19709-1,419.07
197010-1,422.00
197011-1,523.80
197012-1,586.44
19711-1,652.29
19712-1,699.08
19713-1,761.50
19714-1,741.99
19715-1,714.19
19716-1,706.25
19717-1,680.36
19718-1,722.15
19719-1,690.05
197110-1,616.17
197111-1,731.95
197112-1,808.54
19721-1,846.28
19722-1,894.65
19723-1,918.50
19724-1,903.62
19725-1,913.44
19726-1,903.80
19727-1,975.83
19728-1,951.92
19729-1,960.06
197210-2,063.05
197211-2,110.74
197212-2,131.62
19731-2,060.74
19732-2,033.02
19733-1,999.81
19734-1,948.42
19735-1,909.65
19736-1,932.76
19737-1,901.16
19738-1,939.09
19739-2,021.22
197310-1,882.70
197311-1,754.58
197312-1,784.42
19741-1,740.29
19742-1,819.90
19743-1,732.24
19744-1,685.38
19745-1,693.08
19746-1,500.97
19747-1,444.46
19748-1,299.82
19749-1,330.72
197410-1,380.53
197411-1,296.43
197412-1,408.35
19751-1,560.56
19752-1,638.17
19753-1,662.53
19754-1,774.13
19755-1,825.49
19756-1,833.37
19757-1,705.11
19758-1,690.57
19759-1,774.61
197510-1,810.84
197511-1,789.48
197512-1,960.29
19761-2,042.19
19762-2,058.58
19763-2,081.13
19764-2,073.16
19765-2,091.83
19766-2,147.58
19767-2,135.54
19768-2,187.60
19769-2,119.61
197610-2,111.84
197611-2,191.80
197612-2,180.02
19771-2,128.39
19772-2,127.24
19773-2,101.84
19774-2,103.20
19775-2,122.12
19776-2,149.34
19777-2,104.66
19778-2,079.92
19779-2,034.21
197710-2,054.17
197711-2,052.52
197712-1,982.94
19781-1,963.66
19782-1,968.88
19783-2,063.97
19784-2,177.58
19785-2,192.25
19786-2,190.88
19787-2,351.44
19788-2,360.83
19789-2,295.36
197810-2,170.54
197811-2,212.28
197812-2,304.87
19791-2,280.51
19792-2,333.90
19793-2,390.63
19794-2,345.38
19795-2,402.08
19796-2,436.21
19797-2,558.37
19798-2,597.78
19799-2,510.69
197910-2,502.59
197911-2,612.81
197912-2,699.36
19801-2,818.02
19802-2,570.66
19803-2,540.78
19804-2,668.74
19805-2,851.89
19806-2,993.61
19807-3,098.53
19808-3,186.40
19809-3,292.34
198010-3,444.27
198011-3,401.39
198012-3,401.73
19811-3,297.29
19812-3,433.91
19813-3,478.34
19814-3,422.09
19815-3,451.43
19816-3,381.84
19817-3,408.98
19818-3,125.95
19819-3,179.94
198110-3,276.73
198111-3,315.37
198112-3,156.10
19821-3,095.69
19822-3,010.73
19823-3,175.40
19824-3,193.49
19825-3,025.17
19826-3,032.55
19827-3,056.62
19828-3,426.37
19829-3,730.68
198210-3,898.55
198211-3,951.40
198212-4,106.52
19831-4,193.99
19832-4,356.11
19833-4,538.96
19834-4,739.76
19835-4,822.87
19836-4,857.02
19837-4,740.11
19838-4,897.18
19839-4,928.92
198310-4,872.66
198311-4,866.41
198312-4,943.10
19841-4,690.40
19842-4,711.15
19843-4,735.05
19844-4,723.09
19845-4,635.79
19846-4,593.68
19847-5,016.60
19848-5,087.18
19849-5,066.20
198410-5,131.34
198411-5,095.04
198412-5,334.38
19851-5,643.10
19852-5,616.11
19853-5,673.66
19854-5,828.87
19855-5,975.23
19856-6,109.51
19857-5,996.77
19858-5,883.73
19859-5,971.72
198510-6,355.14
198511-6,691.61
198512-6,741.91
19861-7,126.02
19862-7,566.60
19863-7,774.04
19864-7,812.27
19865-8,057.05
19866-7,911.71
19867-8,092.16
19868-7,893.40
19869-7,886.30
198610-8,164.92
198611-8,304.46
198612-8,858.64
19871-9,431.08
19872-9,843.82
19873-9,759.52
19874-9,776.38
19875-10,216.17
19876-10,535.13
19877-11,215.07
19878-10,875.20
19879-9,586.07
198710-8,406.65
198711-8,294.45
198712-8,646.68
19881-8,934.49
19882-9,223.26
19883-9,141.54
19884-8,941.50
19885-9,477.82
19886-9,448.73
19887-9,286.36
19888-9,465.32
19889-9,825.16
198810-9,626.67
198811-9,850.58
198812-10,196.60
19891-10,533.07
19892-10,516.04
19893-10,890.92
19894-11,339.11
19895-11,723.80
19896-12,052.09
19897-12,617.42
19898-12,674.90
19899-12,711.18
198910-12,480.66
198911-12,822.22
198912-12,538.69
19901-12,221.81
19902-12,552.68
19903-12,577.28
19904-13,061.62
19905-13,475.67
19906-13,498.54
19907-12,437.39
19908-11,897.48
19909-11,621.96
199010-11,968.74
199011-12,517.69
199012-12,431.93
19911-13,874.87
19912-14,297.31
19913-14,620.26
19914-14,594.11
19915-14,644.75
19916-14,759.05
19917-15,154.44
19918-15,108.50
19919-15,135.95
199110-15,138.34
199111-15,279.90
199112-16,404.20
19921-16,305.64
19922-16,140.56
19923-16,183.22
19924-16,517.95
19925-16,298.41
19926-16,610.05
19927-16,766.47
19928-16,829.88
19929-16,630.94
199210-17,089.44
199211-17,648.47
199212-17,673.69
19931-17,978.43
19932-18,364.99
19933-18,118.58
19934-18,249.89
19935-18,407.79
19936-18,419.02
19937-18,743.65
19938-18,997.62
19939-19,233.55
199310-19,235.00
199311-19,405.65
199312-19,742.51
19941-19,727.56
19942-19,446.68
19943-18,795.92
19944-18,994.83
19945-19,205.31
19946-19,105.65
19947-19,694.50
19948-19,855.50
19949-19,767.34
199410-19,694.22
199411-19,492.22
199412-19,970.01
19951-20,732.68
19952-21,263.06
19953-21,946.78
19954-22,681.51
19955-23,402.42
19956-24,232.62
19957-24,356.96
19958-25,262.47
19959-25,493.01
199510-26,094.23
199511-26,978.60
199512-27,022.47
19961-28,617.98
19962-28,560.54
19963-28,616.82
19964-29,290.69
19965-29,665.20
19966-28,633.87
19967-29,514.58
19968-30,111.88
19969-31,352.33
199610-32,936.28
199611-33,330.93
199612-34,416.70
19971-35,917.67
19972-35,693.65
19973-34,478.20
19974-37,656.34
19975-39,665.99
19976-41,941.20
19977-42,087.07
19978-42,588.75
19979-43,289.50
199710-42,790.78
199711-43,918.16
199712-44,022.28
19981-46,840.66
19982-49,329.24
19983-51,009.24
19984-50,896.07
19985-50,955.34
19986-53,231.85
19987-49,521.06
19988-47,095.29
19989-47,703.23
199810-52,938.36
199811-55,111.01
199812-57,892.84
19991-57,854.22
19992-59,545.59
19993-62,076.29
19994-62,014.94
19995-61,635.55
19996-64,422.95
19997-61,991.38
19998-61,620.66
19999-60,836.56
199910-65,159.57
199911-66,989.73
199912-66,910.06
20001-65,251.97
20002-67,823.52
20003-68,789.78
20004-66,836.98
20005-68,951.36
20006-69,537.68
20007-70,191.13
20008-69,433.31
20009-65,812.90
200010-65,304.46
200011-63,136.30
200012-63,423.57
20011-62,068.68
20012-56,432.91
20013-56,686.12
20014-60,585.74
20015-59,138.56
20016-57,565.34
20017-56,387.65
20018-50,045.55
20019-51,639.01
200110-54,248.41
200111-55,043.71
200112-54,879.86
20021-53,039.86
20022-55,662.83
20023-53,706.59
20024-52,191.87
20025-49,101.61
20026-43,819.01
20027-44,318.02
20028-42,209.49
20029-41,632.47
200210-44,390.86
200211-43,931.38
200212-43,833.63
20031-41,021.77
20032-41,558.30
20033-43,755.01
20034-46,079.37
20035-48,707.82
20036-48,998.07
20037-48,916.58
20038-50,462.92
20039-51,486.22
200310-52,109.50
200311-53,706.04
200312-56,356.41
20041-56,968.82
20042-56,077.14
20043-56,620.05
20044-55,168.16
20045-56,744.69
20046-55,474.30
20047-54,704.56
20048-56,226.78
20049-56,284.47
200410-58,971.43
200411-60,579.84
200412-59,762.49
20051-60,767.22
20052-60,611.90
20053-59,151.81
20054-59,942.01
20055-61,249.16
20056-62,356.42
20057-62,549.73
20058-62,724.68
20059-61,078.64
200510-63,498.30
200511-64,859.79
200512-65,811.13
20061-65,800.18
20062-66,778.06
20063-67,311.17
20064-66,781.68
20065-64,974.70
20066-65,442.55
20067-66,942.33
20068-68,636.76
20069-71,118.61
200610-72,542.15
200611-74,100.54
200612-74,613.93
20071-75,804.81
20072-73,929.48
20073-77,019.92
20074-79,632.25
20075-79,906.90
20076-80,366.06
20077-76,989.80
20078-79,357.04
20079-81,731.11
200710-77,802.86
200711-78,766.23
200712-73,539.93
20081-72,389.79
20082-70,488.38
20083-73,479.77
20084-75,362.76
20085-72,162.42
20086-67,776.05
20087-69,206.48
20088-65,851.68
20089-52,553.86
200810-48,031.42
200811-47,862.72
200812-47,338.36
20091-44,165.50
20092-41,653.62
20093-46,786.07
20094-49,901.94
20095-51,333.56
20096-51,989.42
20097-56,211.35
20098-58,263.26
20099-59,663.38
200910-60,912.93
200911-62,268.76
200912-63,113.73
20101-61,284.40
20102-64,926.55
20103-67,580.70
20104-63,605.34
20105-61,351.44
20106-61,253.85
20107-61,782.84
20108-63,865.64
20109-66,789.05
201010-68,452.71
201011-70,994.86
201012-73,452.84
20111-75,767.24
20112-74,924.36
20113-76,588.41
20114-77,093.31
20115-74,269.69
20116-76,573.34
20117-68,609.22
20118-68,067.72
20119-70,122.62
201110-71,361.78
201111-72,471.27
201112-75,937.25
20121-79,098.23
20122-81,379.29
20123-81,348.19
20124-78,833.76
20125-77,925.27
20126-80,201.54
20127-82,918.52
20128-85,423.63
20129-85,238.15
201210-82,819.52
201211-84,621.29
201212-88,233.57
20131-90,292.08
20132-92,750.24
20133-94,098.63
20134-98,402.96
20135-97,303.03
20136-100,469.74
20137-100,723.45
20138-101,924.55
20139-104,082.85
201310-108,100.44
201311-109,745.36
201312-110,807.49
20141-110,663.40
20142-113,675.95
20143-113,905.27
20144-115,650.33
20145-119,346.89
20146-121,132.10
20147-120,614.93
20148-122,759.50
20149-119,510.57
201410-126,329.43
201411-127,130.21
201412-125,719.01
20151-129,273.59
20152-129,345.16
20153-130,481.34
20154-131,758.63
20155-131,184.82
20156-131,080.35
20157-127,902.45
20158-122,137.76
20159-127,410.59
201510-131,146.87
201511-129,700.36
201512-121,374.09
20161-120,706.64
20162-128,386.88
20163-132,021.84
20164-131,620.01
20165-133,023.73
20166-137,410.10
20167-139,058.00
20168-138,448.00
20169-137,747.48
201610-139,402.04
201611-144,902.80
201612-146,985.97
20171-150,772.98
20172-153,410.39
20173-153,174.13
20174-155,766.41
20175-158,533.49
20176-160,099.62
20177-160,496.35
20178-163,149.78
20179-167,611.60
201710-170,275.90
201711-175,185.78
201712-183,703.14
20181-178,400.20
20182-178,515.41
20183-175,544.96
20184-178,988.49
20185-182,770.46
20186-185,659.59
20187-190,209.75
20188-193,404.79
20189-185,960.67
201810-182,099.92
201811-171,970.59
201812-174,955.38
20191-185,153.36
20192-188,760.18
20193-195,788.14
20194-192,789.08
20195-195,497.28
20196-202,979.64
20197-196,617.41
20198-202,683.51
20199-202,703.38
201910-211,690.62
201911-216,917.94
201912-224,176.88
20201-224,450.54
20202-181,989.64
20203-189,849.07
20204-201,026.18
20205-214,109.51
20206-221,552.89
20207-234,610.12
20208-233,139.11
20209-237,163.09
202010-246,540.80
202011-257,043.63
202012-264,228.78
20211-270,812.11
20212-273,036.45
20213-289,477.30
20214-291,678.00
20215-296,958.60
20216-306,069.89
20217-312,758.01
20218-312,493.73
20219-313,906.76
202110-328,800.83
202111-329,673.48
202112-322,908.73
20221-313,536.08
20222-310,737.51
20223-311,105.12
20224-286,612.65
20225-276,955.57
20226-278,242.54
20227-296,181.93
20228-274,627.58
20229-266,138.36
202210-280,204.02
202211-280,234.39
202212-284,091.69
20231-293,031.98
20232-285,455.85
20233-296,863.29
20234-299,053.24
20235-313,833.01
20236-325,997.31
20237-322,745.04
20238-319,667.42
20239-309,958.12
202310-324,221.54
202311-341,000.80
202312-350,930.19
20241-365,666.70
20242-377,668.32
20243-373,857.16
20244-383,266.07
20245-403,746.36
Click to show 918 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 1947 to 2024
Start Value
Average monthly close
$15.21
End Value
Average monthly close
$5,509.01
Change in price+36,119.66%
+7.95% / yr
Change incl. dividends+428,587.51%
+11.41% / yr
Change incl. dividends, inflation-adjusted+30,219.38%
+7.66% / yr
Final amount, nominal
($100 base)
$428,687.51
Final amount, inflation-adjusted
($100 base)
$30,319.38