S&P 500: $100 in 1949 → $350,097.58 in 2024

$

Stock market returns since 1949

If you invested $100 in the S&P 500 at the beginning of 1949, you would have about $350,097.58 at the end of 2024, assuming you reinvested all dividends. This is a return on investment of 349,997.58%, or 11.44% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 26,474.31% cumulatively, or 7.69% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $303,080.76.

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 $349,997.58, or 349,997.58%. This means by 2024 you would have $350,097.58 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 1949 was 23.800 and the CPI in 2024 was 313.548.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 75 years.

Adjusted for inflation, the $350,097.58 nominal end value of the original $100 investment would have a real return of roughly $26,474.31 in 1949 dollars. This means the inflation-adjusted return is 26,474.31% as opposed to the original 349,997.58%.

For more information on inflation, see our U.S. inflation calculator for 1949.

Full monthly data

The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 904-month period between 1949 and 2024.

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

YearMonthReturn (%)Amount ($)CPI
19491-3.33%96.6724.00
194921.49%98.1123.80
194930.41%98.5223.80
19494-0.18%98.3423.90
19495-4.91%93.5123.80
194966.26%99.3723.90
194974.17%103.5123.70
194981.87%105.4523.80
194993.14%108.7623.90
1949101.95%110.8823.70
1949113.24%114.4723.80
1949122.63%117.4823.60
195012.52%120.4523.50
195021.38%122.1023.50
195033.39%126.2423.60
195043.91%131.1823.60
195052.16%134.0223.70
19506-6.72%125.0123.80
195076.64%133.3024.10
195084.11%138.7824.30
195094.72%145.3324.40
1950100.38%145.8824.60
1950110.19%146.1624.70
1950128.01%157.8825.00
195114.31%164.6825.40
19512-1.11%162.8525.70
195131.93%165.9825.80
195140.63%167.0325.80
19515-1.15%165.1125.90
195162.37%169.0225.90
195174.97%177.4125.90
195183.14%182.9825.90
195190.03%183.0326.10
195110-2.25%178.9126.20
1951113.61%185.3726.40
1951123.83%192.4826.50
19521-1.33%189.9126.50
195220.75%191.3426.30
195230.20%191.7226.30
195240.46%192.6126.40
195253.24%198.8626.40
195263.37%205.5526.50
195270.88%207.3626.70
19528-1.11%205.0626.70
19529-1.61%201.7626.70
1952103.67%209.1626.70
1952114.51%218.5926.70
1952120.99%220.7526.70
19531-0.77%219.0426.60
195320.96%221.1426.50
19533-4.47%211.2526.60
195341.00%213.3726.60
19535-3.11%206.7426.70
195361.91%210.6926.80
195370.90%212.5926.80
19538-4.11%203.8626.90
195393.52%211.0226.90
1953102.71%216.7427.00
1953111.84%220.7226.90
1953123.02%227.3926.90
195412.68%233.4826.90
195422.58%239.5126.90
195434.45%250.1726.90
195444.42%261.2326.80
195451.22%264.4326.90
195464.46%276.2126.90
195472.39%282.8326.90
195482.74%290.5826.90
195492.71%298.4526.80
1954104.30%311.2926.80
1954114.95%326.7126.80
1954122.17%333.8026.70
195513.70%346.1626.70
19552-0.44%344.6526.70
195533.81%357.7826.70
19554-0.08%357.5026.70
195556.15%379.4726.70
195567.64%408.4726.70
19557-0.30%407.2526.80
195584.82%426.8626.80
19559-4.72%406.7026.90
1955107.07%435.4326.90
1955111.24%440.8226.90
195512-2.39%430.2926.80
195610.95%434.3826.80
195627.21%465.6826.80
195631.48%472.5926.80
19564-2.84%459.1726.90
19565-0.26%457.9727.00
195665.75%484.3027.20
19567-0.28%482.9227.40
19568-3.09%468.0027.30
19569-0.95%463.5427.40
195610-0.71%460.2427.50
1956111.81%468.5627.50
195612-1.86%459.8327.60
19571-4.00%441.4627.60
195721.62%448.6127.70
195732.64%460.4827.80
195744.16%479.6327.90
195751.95%489.0128.00
195762.32%500.3628.10
19577-5.21%474.3228.30
19578-3.74%456.5828.30
19579-5.90%429.6628.30
195710-1.80%421.9228.30
1957110.32%423.2628.40
1957122.33%433.1228.40
195810.70%436.1628.60
195822.42%446.7128.60
195830.90%450.7128.80
195843.56%466.7528.90
195852.74%479.5228.90
195863.07%494.2428.90
195874.05%514.2829.00
195882.94%529.4228.90
195894.36%552.5028.90
1958103.33%570.8728.90
1958112.16%583.2229.00
1958124.25%608.0328.90
19591-1.27%600.3429.00
195922.81%617.1928.90
195931.94%629.1428.90
195941.77%640.2529.00
19595-0.61%636.3629.00
195964.23%663.2729.10
19597-0.32%661.1529.20
19598-3.70%636.6729.20
195990.18%637.8029.30
1959100.67%642.0629.40
1959113.46%664.3029.40
195912-1.49%654.4329.40
19601-3.61%630.8129.30
19602-1.08%624.0129.40
196031.58%633.8929.40
19604-0.62%629.9329.50
196053.99%655.0629.50
19606-2.20%640.6729.60
196071.49%650.2229.60
19608-2.72%632.5329.60
19609-1.67%621.9429.60
1960103.54%643.9729.80
1960112.69%661.2929.80
1960125.43%697.1829.80
196114.37%727.6829.80
196123.40%752.3929.80
196132.92%774.3629.80
196141.26%784.1429.80
19615-1.08%775.6729.80
19616-0.03%775.4529.80
196173.84%805.2230.00
19618-0.54%800.8629.90
196191.34%811.6230.00
1961104.77%850.3530.00
1961111.16%860.2430.00
196112-3.49%830.2430.00
196211.91%846.0930.00
196220.34%848.9830.10
19623-2.94%823.9830.10
19624-7.19%764.7730.20
19625-11.41%677.4930.20
196262.72%695.9030.20
196273.02%716.9430.30
19628-0.59%712.6830.30
19629-2.86%692.3330.40
1962107.20%742.1830.40
1962114.62%776.5030.40
1962124.15%808.7030.40
196311.60%821.6030.40
19632-0.11%820.7130.40
196334.98%861.5730.50
196342.27%881.1230.50
196350.22%883.0330.50
19636-1.22%872.2430.60
196373.03%898.6830.70
196382.89%924.6830.70
196390.50%929.3130.70
196310-0.31%926.4630.80
1963112.39%948.6330.80
1963123.33%980.2230.90
196411.48%994.7330.90
196422.07%1,015.3330.90
196431.69%1,032.5230.90
196441.22%1,045.1230.90
19645-0.35%1,041.4530.90
196463.96%1,082.7131.00
19647-1.23%1,069.4431.10
196481.97%1,090.4631.00
196491.97%1,111.9431.10
1964100.94%1,122.3631.10
196411-1.49%1,105.6331.20
1964122.82%1,136.8231.20
196510.98%1,147.9031.20
196520.34%1,151.7631.20
196531.56%1,169.7031.30
196541.73%1,189.9631.40
19655-4.51%1,136.3331.40
196560.10%1,137.5031.60
196572.12%1,161.5931.60
196583.60%1,203.3731.60
196592.50%1,233.4131.60
1965101.08%1,246.6831.70
196511-0.21%1,244.0531.70
1965121.98%1,268.6831.80
19661-0.43%1,263.2231.80
19662-3.86%1,214.4332.00
196633.32%1,254.7632.10
19664-5.01%1,191.9332.30
19665-0.56%1,185.2632.30
196660.02%1,185.4832.40
19667-5.77%1,117.0832.50
19668-3.22%1,081.0632.70
19669-0.56%1,074.9632.70
1966105.32%1,132.1032.90
1966110.72%1,140.2132.90
1966124.13%1,187.3032.90
196713.73%1,231.5932.90
196722.63%1,264.0232.90
196731.99%1,289.2133.00
196742.06%1,315.7433.10
19675-0.99%1,302.6933.20
196761.99%1,328.6433.30
196771.85%1,353.2433.40
196781.65%1,375.6333.50
196790.10%1,376.9733.60
196710-2.88%1,337.2933.70
1967113.11%1,378.9033.80
196712-0.02%1,378.6633.90
19681-4.26%1,319.9734.10
19682-1.56%1,299.3934.20
196837.66%1,398.9434.30
196842.56%1,434.7234.40
196852.94%1,476.9134.50
196860.05%1,477.6434.70
19687-1.93%1,449.0634.90
196883.51%1,499.8935.00
196892.72%1,540.6435.10
1968101.79%1,568.1535.30
1968111.29%1,588.3135.40
196812-3.99%1,525.0135.50
19691-0.24%1,521.3835.60
19692-1.91%1,492.2635.80
196932.27%1,526.2036.10
196943.51%1,579.8236.30
19695-4.97%1,501.2836.40
19696-4.21%1,438.1536.60
19697-0.28%1,434.0736.80
196980.63%1,443.0837.00
196991.35%1,462.5137.10
1969101.00%1,477.1037.30
196911-5.03%1,402.8437.50
196912-0.59%1,394.5837.70
19701-3.20%1,350.0137.80
197022.01%1,377.1738.00
19703-2.75%1,339.3338.20
19704-11.20%1,189.3438.50
19705-0.27%1,186.1338.60
197060.52%1,192.3338.80
197073.26%1,231.1539.00
197086.32%1,308.9739.00
197092.49%1,341.5639.20
1970100.21%1,344.3339.40
1970117.16%1,440.5639.60
1970124.11%1,499.7839.80
197114.15%1,562.0439.80
197122.83%1,606.2739.90
197133.67%1,665.2840.00
19714-1.11%1,646.8340.10
19715-1.60%1,620.5540.30
19716-0.46%1,613.0540.60
19717-1.52%1,588.5840.70
197182.49%1,628.0840.80
19719-1.86%1,597.7440.80
197110-4.37%1,527.8940.90
1971117.16%1,637.3440.90
1971124.42%1,709.7541.10
197212.09%1,745.4441.10
197222.62%1,791.1641.30
197231.26%1,813.7141.40
19724-0.78%1,799.6441.50
197250.52%1,808.9241.60
19726-0.50%1,799.8141.70
197273.78%1,867.9141.90
19728-1.21%1,845.3042.00
197290.42%1,853.0042.10
1972105.25%1,950.3642.30
1972112.31%1,995.4442.40
1972120.99%2,015.1942.50
19731-3.33%1,948.1842.60
19732-1.35%1,921.9742.90
19733-1.63%1,890.5843.30
19734-2.57%1,841.9943.60
19735-1.99%1,805.3443.90
197361.21%1,827.1944.20
19737-1.64%1,797.3144.30
197382.00%1,833.1745.10
197394.24%1,910.8145.20
197310-6.85%1,779.8745.60
197311-6.81%1,658.7445.90
1973121.70%1,686.9546.20
19741-2.47%1,645.2346.60
197424.57%1,720.4947.20
19743-4.82%1,637.6247.80
19744-2.71%1,593.3248.00
197450.46%1,600.6048.60
19746-11.35%1,418.9849.00
19747-3.76%1,365.5649.40
19748-10.01%1,228.8250.00
197492.38%1,258.0350.60
1974103.74%1,305.1251.10
197411-6.09%1,225.6251.50
1974128.63%1,331.4251.90
1975110.81%1,475.3152.10
197524.97%1,548.6952.50
197531.49%1,571.7252.70
197546.71%1,677.2252.90
197552.89%1,725.7753.20
197560.43%1,733.2353.60
19757-7.00%1,611.9754.20
19758-0.85%1,598.2254.30
197594.97%1,677.6854.60
1975102.04%1,711.9354.90
197511-1.18%1,691.7355.30
1975129.55%1,853.2155.50
197614.18%1,930.6455.60
197620.80%1,946.1455.80
197631.10%1,967.4555.90
19764-0.38%1,959.9156.10
197650.90%1,977.5656.50
197662.67%2,030.2756.80
19767-0.56%2,018.8957.10
197682.44%2,068.1157.40
19769-3.11%2,003.8357.60
197610-0.37%1,996.4857.90
1976113.79%2,072.0858.00
197612-0.54%2,060.9558.20
19771-2.37%2,012.1358.50
19772-0.05%2,011.0459.10
19773-1.19%1,987.0459.50
197740.06%1,988.3260.00
197750.90%2,006.2160.30
197761.28%2,031.9460.70
19777-2.08%1,989.7061.00
19778-1.18%1,966.3161.20
19779-2.20%1,923.1061.40
1977100.98%1,941.9761.60
197711-0.08%1,940.4161.90
197712-3.39%1,874.6262.10
19781-0.97%1,856.4062.50
197820.27%1,861.3362.90
197834.83%1,951.2463.40
197845.50%2,058.6463.90
197850.67%2,072.5064.50
19786-0.06%2,071.2165.20
197877.33%2,222.9965.70
197880.40%2,231.8866.00
19789-2.77%2,169.9866.50
197810-5.44%2,051.9867.10
1978111.92%2,091.4467.40
1978124.19%2,178.9767.70
19791-1.06%2,155.9468.30
197922.34%2,206.4169.10
197932.43%2,260.0569.80
19794-1.89%2,217.2770.60
197952.42%2,270.8771.50
197961.42%2,303.1472.30
197975.01%2,418.6373.10
197981.54%2,455.8873.80
19799-3.35%2,373.5574.60
197910-0.32%2,365.9075.20
1979114.40%2,470.0975.90
1979123.31%2,551.9176.70
198014.40%2,664.0977.80
19802-8.78%2,430.2478.90
19803-1.16%2,402.0080.10
198045.04%2,522.9781.00
198056.86%2,696.1181.80
198064.97%2,830.0982.70
198073.50%2,929.2882.70
198082.84%3,012.3583.30
198093.32%3,112.5084.00
1980104.61%3,256.1384.80
198011-1.24%3,215.6085.50
1980120.01%3,215.9286.30
19811-3.07%3,117.1987.00
198124.14%3,246.3487.90
198131.29%3,288.3488.50
19814-1.62%3,235.1689.10
198150.86%3,262.9189.80
19816-2.02%3,197.1290.60
198170.80%3,222.7891.60
19818-8.30%2,955.2092.30
198191.73%3,006.2493.20
1981103.04%3,097.7593.40
1981111.18%3,134.2893.70
198112-4.80%2,983.7194.00
19821-1.91%2,926.6094.30
19822-2.74%2,846.2894.60
198235.47%3,001.9594.50
198240.57%3,019.0594.90
19825-5.27%2,859.9395.80
198260.24%2,866.9097.00
198270.79%2,889.6697.50
1982812.10%3,239.2197.70
198298.88%3,526.9097.90
1982104.50%3,685.6098.20
1982111.36%3,735.5698.00
1982123.93%3,882.2197.60
198312.13%3,964.9097.80
198323.87%4,118.1797.90
198334.20%4,291.0397.90
198344.42%4,480.8698.60
198351.75%4,559.4399.20
198360.71%4,591.7299.50
19837-2.41%4,481.1999.90
198383.31%4,629.69100.20
198390.65%4,659.69100.70
198310-1.14%4,606.50101.00
198311-0.13%4,600.60101.20
1983121.58%4,673.10101.30
19841-5.11%4,434.20101.90
198420.44%4,453.82102.40
198430.51%4,476.41102.60
19844-0.25%4,465.10103.10
19845-1.85%4,382.57103.40
19846-0.91%4,342.76103.70
198479.21%4,742.58104.10
198481.41%4,809.30104.50
19849-0.41%4,789.47105.00
1984101.29%4,851.06105.30
198411-0.71%4,816.73105.30
1984124.70%5,043.00105.30
198515.79%5,334.86105.50
19852-0.48%5,309.34106.00
198531.02%5,363.75106.40
198542.74%5,510.48106.90
198552.51%5,648.85107.30
198562.25%5,775.79107.60
19857-1.85%5,669.21107.80
19858-1.88%5,562.34108.00
198591.50%5,645.53108.30
1985106.42%6,008.00108.70
1985115.29%6,326.10109.00
1985120.75%6,373.65109.30
198615.70%6,736.78109.60
198626.18%7,153.30109.30
198632.74%7,349.40108.80
198640.49%7,385.54108.60
198653.13%7,616.95108.90
19866-1.80%7,479.55109.50
198672.28%7,650.15109.50
19868-2.46%7,462.24109.70
19869-0.09%7,455.53110.20
1986103.53%7,718.93110.30
1986111.71%7,850.85110.40
1986126.67%8,374.76110.50
198716.46%8,915.93111.20
198724.38%9,306.13111.60
19873-0.86%9,226.43112.10
198740.17%9,242.37112.70
198754.50%9,658.14113.10
198763.12%9,959.67113.50
198776.45%10,602.47113.80
19878-3.03%10,281.17114.40
19879-11.85%9,062.45115.00
198710-12.30%7,947.46115.30
198711-1.33%7,841.39115.40
1987124.25%8,174.38115.40
198813.33%8,446.46115.70
198823.23%8,719.46116.00
19883-0.89%8,642.20116.50
19884-2.19%8,453.09117.10
198856.00%8,960.12117.50
19886-0.31%8,932.62118.00
19887-1.72%8,779.12118.50
198881.93%8,948.30119.00
198893.80%9,288.48119.80
198810-2.02%9,100.83120.20
1988112.33%9,312.51120.30
1988123.51%9,639.63120.50
198913.30%9,957.73121.10
19892-0.16%9,941.63121.60
198933.56%10,296.03122.30
198944.12%10,719.74123.10
198953.39%11,083.42123.80
198962.80%11,393.77124.10
198974.69%11,928.23124.40
198980.46%11,982.57124.60
198990.29%12,016.87125.00
198910-1.81%11,798.93125.60
1989112.74%12,121.84125.90
198912-2.21%11,853.80126.10
19901-2.53%11,554.23127.40
199022.71%11,867.02128.00
199030.20%11,890.28128.70
199043.85%12,348.16128.90
199053.17%12,739.60129.20
199060.17%12,761.22129.90
19907-7.86%11,758.03130.40
19908-4.34%11,247.61131.60
19909-2.32%10,987.14132.70
1990102.98%11,314.97133.50
1990114.59%11,833.95133.80
199012-0.69%11,752.86133.80
1991111.61%13,116.99134.60
199123.04%13,516.36134.80
199132.26%13,821.67135.00
19914-0.18%13,796.94135.20
199150.35%13,844.82135.60
199160.78%13,952.88136.00
199172.68%14,326.66136.20
19918-0.30%14,283.24136.60
199190.18%14,309.19137.20
1991100.02%14,311.45137.40
1991110.94%14,445.28137.80
1991127.36%15,508.16137.90
19921-0.60%15,414.98138.10
19922-1.01%15,258.93138.60
199230.26%15,299.26139.30
199242.07%15,615.70139.50
19925-1.33%15,408.15139.70
199261.91%15,702.77140.20
199270.94%15,850.65140.50
199280.38%15,910.59140.90
19929-1.18%15,722.52141.30
1992102.76%16,155.97141.80
1992113.27%16,684.47142.00
1992120.14%16,708.31141.90
199311.72%16,996.40142.60
199322.15%17,361.85143.10
19933-1.34%17,128.90143.60
199340.72%17,253.04144.00
199350.87%17,402.31144.20
199360.06%17,412.92144.40
199371.76%17,719.82144.40
199381.35%17,959.92144.80
199391.24%18,182.96145.10
1993100.01%18,184.34145.70
1993110.89%18,345.66145.80
1993121.74%18,664.12145.80
19941-0.08%18,649.99146.20
19942-1.42%18,384.45146.70
19943-3.35%17,769.24147.20
199441.06%17,957.28147.40
199451.11%18,156.26147.50
19946-0.52%18,062.05148.00
199473.08%18,618.74148.40
199480.82%18,770.94149.00
19949-0.44%18,687.60149.40
199410-0.37%18,618.48149.50
199411-1.03%18,427.51149.70
1994122.45%18,879.20149.70
199513.82%19,600.21150.30
199522.56%20,101.62150.90
199533.22%20,748.00151.40
199543.35%21,442.59151.90
199553.18%22,124.12152.20
199563.55%22,908.97152.50
199570.51%23,026.52152.50
199583.72%23,882.57152.90
199590.91%24,100.52153.20
1995102.36%24,668.90153.70
1995113.39%25,504.96153.60
1995120.16%25,546.43153.50
199615.90%27,054.79154.40
19962-0.20%27,000.49154.90
199630.20%27,053.70155.70
199642.35%27,690.76156.30
199651.28%28,044.82156.60
19966-3.48%27,069.82156.70
199673.08%27,902.42157.00
199682.02%28,467.09157.30
199694.12%29,639.79157.80
1996105.05%31,137.22158.30
1996111.20%31,510.31158.60
1996123.26%32,536.77158.60
199714.36%33,955.75159.10
19972-0.62%33,743.98159.60
19973-3.41%32,594.91160.00
199749.22%35,599.46160.20
199755.34%37,499.34160.10
199765.74%39,650.27160.30
199770.35%39,788.17160.50
199781.19%40,262.45160.80
199791.65%40,924.92161.20
199710-1.15%40,453.44161.60
1997112.63%41,519.24161.50
1997120.24%41,617.67161.30
199816.40%44,282.10161.60
199825.31%46,634.75161.90
199833.41%48,222.98162.20
19984-0.22%48,116.00162.50
199850.12%48,172.03162.80
199864.47%50,324.20163.00
19987-6.97%46,816.09163.20
19988-4.90%44,522.83163.40
199891.29%45,097.56163.60
19981010.97%50,046.73164.00
1998114.10%52,100.71164.00
1998125.05%54,730.59163.90
19991-0.07%54,694.07164.30
199922.92%56,293.06164.50
199934.25%58,685.53165.00
19994-0.10%58,627.53166.20
19995-0.61%58,268.87166.20
199964.52%60,904.01166.20
19997-3.77%58,605.26166.70
19998-0.60%58,254.79167.10
19999-1.27%57,513.51167.90
1999107.11%61,600.39168.20
1999112.81%63,330.58168.30
199912-0.12%63,255.26168.30
20001-2.48%61,687.75168.80
200023.94%64,118.83169.80
200031.42%65,032.31171.20
20004-2.84%63,186.18171.30
200053.16%65,185.06171.50
200060.85%65,739.36172.40
200070.94%66,357.12172.80
20008-1.08%65,640.69172.80
20009-5.21%62,218.04173.70
200010-0.77%61,737.36174.00
200011-3.32%59,687.64174.10
2000120.46%59,959.22174.00
20011-2.14%58,678.34175.10
20012-9.08%53,350.40175.80
200130.45%53,589.78176.20
200146.88%57,276.40176.90
20015-2.39%55,908.26177.70
20016-2.66%54,420.98178.00
20017-2.05%53,307.61177.50
20018-11.25%47,311.93177.50
200193.18%48,818.36178.30
2001105.05%51,285.22177.70
2001111.47%52,037.09177.40
200112-0.30%51,882.18176.70
20021-3.35%50,142.69177.10
200224.95%52,622.38177.80
20023-3.51%50,773.00178.80
20024-2.82%49,341.02179.80
20025-5.92%46,419.56179.80
20026-10.76%41,425.51179.90
200271.14%41,897.26180.10
20028-4.76%39,903.90180.70
20029-1.37%39,358.40181.00
2002106.63%41,966.12181.30
200211-1.04%41,531.74181.30
200212-0.22%41,439.33180.90
20031-6.41%38,781.06181.70
200321.31%39,288.28183.10
200335.29%41,365.00184.20
200345.31%43,562.40183.80
200355.70%46,047.28183.50
200360.60%46,321.67183.70
20037-0.17%46,244.63183.90
200383.16%47,706.51184.60
200392.03%48,673.91185.20
2003101.21%49,263.15185.00
2003113.06%50,772.48184.50
2003124.93%53,278.08184.30
200411.09%53,857.04185.20
20042-1.57%53,014.07186.20
200430.97%53,527.32187.40
20044-2.56%52,154.74188.00
200452.86%53,645.15189.10
20046-2.24%52,444.16189.70
20047-1.39%51,716.46189.40
200482.78%53,155.53189.50
200490.10%53,210.07189.90
2004104.77%55,750.26190.90
2004112.73%57,270.82191.00
200412-1.35%56,498.11190.30
200511.68%57,447.96190.70
20052-0.26%57,301.13191.80
20053-2.41%55,920.79193.30
200541.34%56,667.82194.60
200552.18%57,903.58194.40
200561.81%58,950.35194.50
200570.31%59,133.11195.40
200580.28%59,298.50196.40
20059-2.62%57,742.37198.80
2005103.96%60,029.86199.20
2005112.14%61,316.98197.60
2005121.47%62,216.36196.80
20061-0.02%62,206.01198.30
200621.49%63,130.48198.70
200630.80%63,634.47199.80
20064-0.79%63,133.89201.50
20065-2.71%61,425.62202.50
200660.72%61,867.91202.90
200672.29%63,285.78203.50
200682.53%64,887.65203.90
200693.62%67,233.93202.90
2006102.00%68,579.71201.80
2006112.15%70,052.99201.50
2006120.69%70,538.33201.80
200711.60%71,664.16202.42
20072-2.47%69,891.26203.50
200734.18%72,812.90205.35
200743.39%75,282.53206.69
200750.34%75,542.19207.95
200760.57%75,976.27208.35
20077-4.20%72,784.42208.30
200783.07%75,022.36207.92
200792.99%77,266.75208.49
200710-4.81%73,553.07208.94
2007111.24%74,463.82210.18
200712-6.64%69,523.00210.04
20081-1.56%68,435.68211.08
20082-2.63%66,638.13211.69
200834.24%69,466.12213.53
200842.56%71,246.26214.82
20085-4.25%68,220.73216.63
20086-6.08%64,073.95218.82
200872.11%65,426.25219.96
20088-4.85%62,254.69219.09
20089-20.19%49,683.24218.78
200810-8.61%45,407.82216.57
200811-0.35%45,248.34212.43
200812-1.10%44,752.62210.23
20091-6.70%41,753.07211.14
20092-5.69%39,378.39212.19
2009312.32%44,230.50212.71
200946.66%47,176.17213.24
200952.87%48,529.59213.86
200961.28%49,149.63215.69
200978.12%53,140.94215.35
200983.65%55,080.77215.83
200992.40%56,404.42215.97
2009102.09%57,585.71216.18
2009112.23%58,867.49216.33
2009121.36%59,666.30215.95
20101-2.90%57,936.89216.69
201025.94%61,380.10216.74
201034.09%63,889.27217.63
20104-5.88%60,131.05218.01
20105-3.54%58,000.27218.18
20106-0.16%57,908.01217.97
201070.86%58,408.11218.01
201083.37%60,377.14218.31
201094.58%63,140.86218.44
2010102.49%64,713.65218.71
2010113.71%67,116.94218.80
2010123.46%69,440.66219.18
201113.15%71,628.64220.22
20112-1.11%70,831.80221.31
201132.22%72,404.96223.47
201140.66%72,882.28224.91
20115-3.66%70,212.89225.96
201163.10%72,390.71225.72
20117-10.40%64,861.61225.92
20118-0.79%64,349.69226.55
201193.02%66,292.35226.89
2011101.77%67,463.82226.42
2011111.55%68,512.71226.23
2011124.78%71,789.37225.67
201214.16%74,777.68226.67
201222.88%76,934.15227.66
20123-0.04%76,904.75229.39
20124-3.09%74,527.66230.09
20125-1.15%73,668.80229.82
201262.92%75,820.73229.48
201273.39%78,389.31229.10
201283.02%80,757.58230.38
20129-0.22%80,582.22231.41
201210-2.84%78,295.71231.32
2012112.18%79,999.06230.22
2012124.27%83,414.03229.60
201312.33%85,360.10230.28
201322.72%87,683.98232.17
201331.45%88,958.73232.77
201344.57%93,027.94232.53
20135-1.12%91,988.10232.95
201363.25%94,981.83233.50
201370.25%95,221.68233.60
201381.19%96,357.17233.88
201392.12%98,397.58234.15
2013103.86%102,195.72233.55
2013111.52%103,750.80233.07
2013120.97%104,754.90233.05
20141-0.13%104,618.69233.92
201422.72%107,466.69234.78
201430.20%107,683.47236.29
201441.53%109,333.22237.07
201453.20%112,827.86237.90
201461.50%114,515.56238.34
20147-0.43%114,026.64238.25
201481.78%116,054.07237.85
20149-2.65%112,982.60238.03
2014105.71%119,429.00237.43
2014110.63%120,186.04236.15
201412-1.11%118,851.92234.81
201512.83%122,212.34233.71
201520.06%122,280.00234.72
201530.88%123,354.12236.12
201540.98%124,561.64236.60
20155-0.44%124,019.17237.81
20156-0.08%123,920.42238.64
20157-2.42%120,916.09238.65
20158-4.51%115,466.29238.32
201594.32%120,451.11237.95
2015102.93%123,983.30237.84
201511-1.10%122,615.80237.34
201512-6.42%114,744.33236.53
20161-0.55%114,113.34236.92
201626.36%121,374.06237.11
201632.83%124,810.48238.13
20164-0.30%124,430.60239.26
201651.07%125,757.64240.23
201663.30%129,904.42241.02
201671.20%131,462.31240.63
20168-0.44%130,885.62240.85
20169-0.51%130,223.36241.43
2016101.20%131,787.55241.73
2016113.95%136,987.84241.35
2016121.44%138,957.23241.43
201712.58%142,537.38242.84
201721.75%145,030.73243.60
20173-0.15%144,807.38243.80
201741.69%147,258.06244.52
201751.78%149,873.99244.73
201760.99%151,354.57244.96
201770.25%151,729.64244.79
201781.65%154,238.13245.52
201792.73%158,456.23246.82
2017101.59%160,975.00246.66
2017112.88%165,616.69246.67
2017124.86%173,668.81246.52
20181-2.89%168,655.53247.87
201820.06%168,764.45248.99
20183-1.66%165,956.26249.55
201841.96%169,211.69250.55
201852.11%172,787.08251.59
201861.58%175,518.40251.99
201872.45%179,820.01252.01
201881.68%182,840.53252.15
20189-3.85%175,803.03252.44
201810-2.08%172,153.17252.89
201811-5.56%162,577.13252.04
2018121.74%165,398.87251.23
201915.83%175,039.81251.71
201921.95%178,449.63252.78
201933.72%185,093.70254.20
20194-1.53%182,258.45255.55
201951.40%184,818.73256.09
201963.83%191,892.38256.14
20197-3.13%185,877.67256.57
201983.09%191,612.42256.56
201990.01%191,631.21256.76
2019104.43%200,127.55257.35
2019112.47%205,069.33257.21
2019123.35%211,931.77256.97
202010.12%212,190.49257.97
20202-18.92%172,048.91258.68
202034.32%179,479.04258.12
202045.89%190,045.63256.39
202056.51%202,414.31256.39
202063.48%209,451.11257.80
202075.89%221,795.12259.10
20208-0.63%220,404.46259.92
202091.73%224,208.65260.28
2020103.95%233,074.12260.39
2020114.26%243,003.26260.23
2020122.80%249,795.93260.47
202112.49%256,019.67261.58
202120.82%258,122.51263.01
202136.02%273,665.32264.88
202140.76%275,745.81267.05
202151.81%280,737.97269.20
202163.07%289,351.58271.70
202172.19%295,674.38273.00
20218-0.08%295,424.54273.57
202190.45%296,760.38274.31
2021104.74%310,840.90276.59
2021110.27%311,665.88277.95
202112-2.05%305,270.64278.80
20221-2.90%296,409.95281.15
20222-0.89%293,764.24283.72
202230.12%294,111.77287.50
20224-7.87%270,957.15289.11
20225-3.37%261,827.56292.30
202260.46%263,044.23296.31
202276.45%280,003.73296.28
20228-7.28%259,626.73296.17
20229-3.09%251,601.21296.81
2022105.29%264,898.57298.01
2022110.01%264,927.28297.71
2022121.38%268,573.89296.80
202313.15%277,025.83299.17
20232-2.59%269,863.53300.84
202334.00%280,647.87301.84
202340.74%282,718.20303.36
202354.94%296,690.66304.13
202363.88%308,190.52305.11
20237-1.00%305,115.89305.69
20238-0.95%302,206.38307.03
20239-3.04%293,027.43307.79
2023104.60%306,511.74307.67
2023115.18%322,374.48307.05
2023122.91%331,761.50306.75
202414.20%345,693.06308.42
202423.28%357,039.12310.33
20243-1.01%353,436.14312.33
20244-0.94%350,097.58313.55
Click to show 894 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 1949. This would result in a final amount of $303,080.76, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $350,097.58).

YearMonthContribution ($)Amount ($)
194914.164.00
194924.168.26
194934.1612.45
194944.1616.55
194954.1619.67
194964.1625.30
194974.1630.67
194984.1635.45
194994.1640.83
1949104.1645.85
1949114.1651.60
1949124.1657.21
195014.1662.89
195024.1667.95
195034.1674.53
195044.1681.75
195054.1687.74
195064.1685.70
195074.1695.80
195084.16104.04
195094.16113.29
1950104.16117.87
1950114.16122.24
1950124.32136.67
19511-142.56
19512-140.98
19513-143.69
19514-144.60
19515-142.94
19516-146.32
19517-153.59
19518-158.40
19519-158.45
195110-154.88
195111-160.48
195112-166.63
19521-164.41
19522-165.64
19523-165.98
19524-166.74
19525-172.15
19526-177.95
19527-179.51
19528-177.52
19529-174.66
195210-181.07
195211-189.23
195212-191.10
19531-189.63
19532-191.44
19533-182.88
19534-184.71
19535-178.97
19536-182.40
19537-184.04
19538-176.48
19539-182.68
195310-187.63
195311-191.08
195312-196.86
19541-202.12
19542-207.34
19543-216.57
19544-226.15
19545-228.92
19546-239.12
19547-244.85
19548-251.55
19549-258.37
195410-269.49
195411-282.84
195412-288.97
19551-299.68
19552-298.37
19553-309.73
19554-309.49
19555-328.50
19556-353.62
19557-352.56
19558-369.54
19559-352.08
195510-376.96
195511-381.62
195512-372.51
19561-376.04
19562-403.14
19563-409.12
19564-397.51
19565-396.47
19566-419.26
19567-418.06
19568-405.15
19569-401.29
195610-398.43
195611-405.64
195612-398.08
19571-382.17
19572-388.37
19573-398.64
19574-415.22
19575-423.33
19576-433.16
19577-410.62
19578-395.26
19579-371.96
195710-365.26
195711-366.42
195712-374.95
19581-377.58
19582-386.72
19583-390.19
19584-404.07
19585-415.12
19586-427.87
19587-445.21
19588-458.32
19589-478.30
195810-494.21
195811-504.89
195812-526.38
19591-519.72
19592-534.30
19593-544.65
19594-554.26
19595-550.90
19596-574.19
19597-572.36
19598-551.17
19599-552.14
195910-555.84
195911-575.09
195912-566.54
19601-546.09
19602-540.21
19603-548.76
19604-545.34
19605-567.09
19606-554.63
19607-562.90
19608-547.58
19609-538.42
196010-557.48
196011-572.48
196012-603.55
19611-629.95
19612-651.35
19613-670.36
19614-678.83
19615-671.50
19616-671.31
19617-697.08
19618-693.31
19619-702.62
196110-736.15
196111-744.71
196112-718.74
19621-732.47
19622-734.96
19623-713.32
19624-662.07
19625-586.51
19626-602.44
19627-620.66
19628-616.97
19629-599.35
196210-642.51
196211-672.22
196212-700.09
19631-711.26
19632-710.49
19633-745.86
19634-762.79
19635-764.44
19636-755.10
19637-777.99
19638-800.50
19639-804.50
196310-802.04
196311-821.23
196312-848.58
19641-861.14
19642-878.97
19643-893.86
19644-904.76
19645-901.59
19646-937.30
19647-925.82
19648-944.01
19649-962.61
196410-971.63
196411-957.15
196412-984.15
19651-993.74
19652-997.08
19653-1,012.61
19654-1,030.15
19655-983.72
19656-984.73
19657-1,005.60
19658-1,041.76
19659-1,067.77
196510-1,079.26
196511-1,076.98
196512-1,098.30
19661-1,093.58
19662-1,051.34
19663-1,086.25
19664-1,031.86
19665-1,026.09
19666-1,026.27
19667-967.06
19668-935.88
19669-930.60
196610-980.07
196611-987.08
196612-1,027.85
19671-1,066.19
19672-1,094.27
19673-1,116.07
19674-1,139.04
19675-1,127.74
19676-1,150.21
19677-1,171.51
19678-1,190.88
19679-1,192.04
196710-1,157.69
196711-1,193.72
196712-1,193.51
19681-1,142.70
19682-1,124.88
19683-1,211.07
19684-1,242.04
19685-1,278.57
19686-1,279.19
19687-1,254.46
19688-1,298.46
19689-1,333.74
196810-1,357.56
196811-1,375.01
196812-1,320.21
19691-1,317.06
19692-1,291.85
19693-1,321.23
19694-1,367.66
19695-1,299.67
19696-1,245.01
19697-1,241.48
19698-1,249.28
19699-1,266.10
196910-1,278.73
196911-1,214.44
196912-1,207.29
19701-1,168.70
19702-1,192.22
19703-1,159.46
19704-1,029.61
19705-1,026.84
19706-1,032.20
19707-1,065.81
19708-1,133.18
19709-1,161.39
197010-1,163.79
197011-1,247.10
197012-1,298.37
19711-1,352.26
19712-1,390.56
19713-1,441.64
19714-1,425.67
19715-1,402.92
19716-1,396.42
19717-1,375.24
19718-1,409.43
19719-1,383.17
197110-1,322.70
197111-1,417.45
197112-1,480.14
19721-1,511.03
19722-1,550.61
19723-1,570.13
19724-1,557.95
19725-1,565.99
19726-1,558.10
19727-1,617.06
19728-1,597.48
19729-1,604.15
197210-1,688.44
197211-1,727.46
197212-1,744.55
19731-1,686.55
19732-1,663.86
19733-1,636.68
19734-1,594.62
19735-1,562.89
19736-1,581.81
19737-1,555.94
19738-1,586.98
19739-1,654.20
197310-1,540.84
197311-1,435.98
197312-1,460.40
19741-1,424.28
19742-1,489.44
19743-1,417.70
19744-1,379.34
19745-1,385.65
19746-1,228.42
19747-1,182.17
19748-1,063.79
19749-1,089.08
197410-1,129.85
197411-1,061.02
197412-1,152.62
19751-1,277.19
19752-1,340.71
19753-1,360.64
19754-1,451.98
19755-1,494.01
19756-1,500.46
19757-1,395.49
19758-1,383.59
19759-1,452.37
197510-1,482.02
197511-1,464.54
197512-1,604.33
19761-1,671.37
19762-1,684.78
19763-1,703.23
19764-1,696.70
19765-1,711.99
19766-1,757.62
19767-1,747.76
19768-1,790.37
19769-1,734.72
197610-1,728.36
197611-1,793.81
197612-1,784.17
19771-1,741.91
19772-1,740.97
19773-1,720.18
19774-1,721.29
19775-1,736.78
19776-1,759.05
19777-1,722.49
19778-1,702.25
19779-1,664.83
197710-1,681.17
197711-1,679.82
197712-1,622.87
19781-1,607.09
19782-1,611.36
19783-1,689.19
19784-1,782.17
19785-1,794.17
19786-1,793.06
19787-1,924.45
19788-1,932.15
19789-1,878.56
197810-1,776.41
197811-1,810.57
197812-1,886.34
19791-1,866.41
19792-1,910.10
19793-1,956.53
19794-1,919.50
19795-1,965.90
19796-1,993.84
19797-2,093.81
19798-2,126.07
19799-2,054.79
197910-2,048.16
197911-2,138.37
197912-2,209.20
19801-2,306.31
19802-2,103.87
19803-2,079.42
19804-2,184.14
19805-2,334.03
19806-2,450.02
19807-2,535.89
19808-2,607.80
19809-2,694.50
198010-2,818.85
198011-2,783.76
198012-2,784.04
19811-2,698.56
19812-2,810.37
19813-2,846.73
19814-2,800.69
19815-2,824.71
19816-2,767.76
19817-2,789.97
19818-2,558.33
19819-2,602.52
198110-2,681.73
198111-2,713.36
198112-2,583.00
19821-2,533.57
19822-2,464.03
19823-2,598.80
19824-2,613.60
19825-2,475.85
19826-2,481.89
19827-2,501.59
19828-2,804.20
19829-3,053.25
198210-3,190.64
198211-3,233.89
198212-3,360.84
19831-3,432.43
19832-3,565.12
19833-3,714.76
19834-3,879.10
19835-3,947.12
19836-3,975.07
19837-3,879.38
19838-4,007.94
19839-4,033.91
198310-3,987.86
198311-3,982.75
198312-4,045.52
19841-3,838.70
19842-3,855.69
19843-3,875.24
19844-3,865.45
19845-3,794.01
19846-3,759.54
19847-4,105.67
19848-4,163.43
19849-4,146.26
198410-4,199.58
198411-4,169.86
198412-4,365.75
19851-4,618.41
19852-4,596.32
19853-4,643.42
19854-4,770.44
19855-4,890.23
19856-5,000.12
19857-4,907.85
19858-4,815.34
19859-4,887.36
198510-5,201.15
198511-5,476.53
198512-5,517.70
19861-5,832.05
19862-6,192.63
19863-6,362.40
19864-6,393.69
19865-6,594.02
19866-6,475.07
19867-6,622.76
19868-6,460.09
19869-6,454.28
198610-6,682.31
198611-6,796.51
198612-7,250.06
19871-7,718.55
19872-8,056.35
19873-7,987.35
19874-8,001.16
19875-8,361.08
19876-8,622.13
19877-9,178.60
19878-8,900.45
19879-7,845.40
198710-6,880.15
198711-6,788.32
198712-7,076.59
19881-7,312.14
19882-7,548.47
19883-7,481.59
19884-7,317.87
19885-7,756.81
19886-7,733.00
19887-7,600.11
19888-7,746.58
19889-8,041.07
198810-7,878.63
198811-8,061.88
198812-8,345.06
19891-8,620.44
19892-8,606.50
19893-8,913.31
19894-9,280.12
19895-9,594.96
19896-9,863.63
19897-10,326.31
19898-10,373.35
19899-10,403.05
198910-10,214.38
198911-10,493.92
198912-10,261.87
19901-10,002.54
19902-10,273.32
19903-10,293.46
19904-10,689.85
19905-11,028.71
19906-11,047.43
19907-10,178.97
19908-9,737.09
19909-9,511.61
199010-9,795.41
199011-10,244.69
199012-10,174.50
19911-11,355.43
19912-11,701.16
19913-11,965.47
19914-11,944.06
19915-11,985.51
19916-12,079.06
19917-12,402.65
19918-12,365.05
19919-12,387.51
199110-12,389.47
199111-12,505.33
199112-13,425.48
19921-13,344.81
19922-13,209.71
19923-13,244.62
19924-13,518.57
19925-13,338.89
19926-13,593.95
19927-13,721.96
19928-13,773.86
19929-13,611.04
199210-13,986.29
199211-14,443.81
199212-14,464.45
19931-14,713.85
19932-15,030.22
19933-14,828.55
19934-14,936.02
19935-15,065.24
19936-15,074.43
19937-15,340.11
19938-15,547.97
19939-15,741.06
199310-15,742.25
199311-15,881.91
199312-16,157.60
19941-16,145.37
19942-15,915.49
19943-15,382.89
19944-15,545.68
19945-15,717.94
19946-15,636.39
19947-16,118.31
19948-16,250.07
19949-16,177.92
199410-16,118.08
199411-15,952.76
199412-16,343.79
19951-16,967.97
19952-17,402.04
19953-17,961.62
19954-18,562.93
19955-19,152.94
19956-19,832.38
19957-19,934.15
19958-20,675.23
19959-20,863.91
199510-21,355.96
199511-22,079.74
199512-22,115.64
19961-23,421.43
19962-23,374.43
19963-23,420.48
19964-23,972.00
19965-24,278.50
19966-23,434.44
19967-24,155.23
19968-24,644.06
19969-25,659.27
199610-26,955.60
199611-27,278.59
199612-28,167.20
19971-29,395.62
19972-29,212.28
19973-28,217.53
19974-30,818.58
19975-32,463.31
19976-34,325.38
19977-34,444.76
19978-34,855.35
19979-35,428.85
199710-35,020.69
199711-35,943.35
199712-36,028.57
19981-38,335.18
19982-40,371.88
19983-41,746.81
19984-41,654.19
19985-41,702.70
19986-43,565.84
19987-40,528.86
19988-38,543.58
19989-39,041.12
199810-43,325.64
199811-45,103.77
199812-47,380.47
19991-47,348.86
19992-48,733.11
19993-50,804.28
19994-50,754.07
19995-50,443.57
19996-52,724.82
19997-50,734.79
19998-50,431.38
19999-49,789.66
199910-53,327.69
199911-54,825.52
199912-54,760.31
20001-53,403.31
20002-55,507.91
20003-56,298.71
20004-54,700.51
20005-56,430.95
20006-56,910.80
20007-57,445.60
20008-56,825.39
20009-53,862.38
200010-53,446.26
200011-51,671.81
200012-51,906.92
20011-50,798.05
20012-46,185.64
20013-46,392.87
20014-49,584.39
20015-48,399.99
20016-47,112.44
20017-46,148.60
20018-40,958.11
20019-42,262.23
200110-44,397.80
200111-45,048.70
200112-44,914.59
20021-43,408.71
20022-45,555.39
20023-43,954.38
20024-42,714.70
20025-40,185.58
20026-35,862.21
20027-36,270.61
20028-34,544.95
20029-34,072.71
200210-36,330.22
200211-35,954.18
200212-35,874.18
20031-33,572.91
20032-34,012.01
20033-35,809.83
20034-37,712.13
20035-39,863.30
20036-40,100.84
20037-40,034.15
20038-41,299.70
20039-42,137.18
200310-42,647.29
200311-43,953.92
200312-46,123.03
20041-46,624.23
20042-45,894.47
20043-46,338.79
20044-45,150.55
20045-46,440.81
20046-45,401.10
20047-44,771.13
20048-46,016.94
20049-46,064.15
200410-48,263.21
200411-49,579.56
200412-48,910.62
20051-49,732.91
20052-49,605.80
20053-48,410.84
20054-49,057.54
20055-50,127.34
20056-51,033.54
20057-51,191.75
20058-51,334.93
20059-49,987.79
200510-51,968.07
200511-53,082.34
200512-53,860.93
20061-53,851.97
20062-54,652.28
20063-55,088.59
20064-54,655.24
20065-53,176.39
20066-53,559.28
20067-54,786.73
20068-56,173.48
20069-58,204.66
200610-59,369.71
200611-60,645.13
200612-61,065.29
20071-62,039.92
20072-60,505.12
20073-63,034.40
20074-65,172.37
20075-65,397.15
20076-65,772.93
20077-63,009.74
20078-64,947.13
20079-66,890.11
200710-63,675.16
200711-64,463.60
200712-60,186.31
20081-59,245.02
20082-57,688.87
20083-60,137.07
20084-61,678.15
20085-59,058.93
20086-55,469.05
20087-56,639.75
20088-53,894.11
20089-43,010.96
200810-39,309.72
200811-39,171.66
200812-38,742.51
20091-36,145.79
20092-34,090.02
20093-38,290.51
20094-40,840.59
20095-42,012.25
20096-42,549.01
20097-46,004.31
20098-47,683.62
20099-48,829.51
200910-49,852.16
200911-50,961.80
200912-51,653.34
20101-50,156.18
20102-53,136.98
20103-55,309.18
20104-52,055.67
20105-50,211.05
20106-50,131.18
20107-50,564.11
20108-52,268.71
20109-54,661.28
201010-56,022.84
201011-58,103.38
201012-60,115.03
20111-62,009.18
20112-61,319.35
20113-62,681.24
20114-63,094.46
20115-60,783.56
20116-62,668.90
20117-56,150.93
20118-55,707.76
20119-57,389.53
201110-58,403.67
201111-59,311.71
201112-62,148.32
20121-64,735.31
20122-66,602.17
20123-66,576.73
20124-64,518.87
20125-63,775.35
20126-65,638.28
20127-67,861.91
20128-69,912.13
20129-69,760.33
201210-67,780.88
201211-69,255.48
201212-72,211.83
20131-73,896.55
20132-75,908.35
20133-77,011.90
20134-80,534.63
20135-79,634.43
20136-82,226.12
20137-82,433.76
20138-83,416.76
20139-85,183.15
201310-88,471.21
201311-89,817.45
201312-90,686.71
20141-90,568.78
20142-93,034.31
20143-93,221.98
20144-94,650.17
20145-97,675.49
20146-99,136.54
20147-98,713.28
20148-100,468.43
20149-97,809.45
201410-103,390.12
201411-104,045.50
201412-102,890.55
20151-105,799.67
20152-105,858.25
20153-106,788.11
20154-107,833.47
20155-107,363.85
20156-107,278.36
20157-104,677.50
20158-99,959.59
20159-104,274.96
201510-107,332.80
201511-106,148.95
201512-99,334.59
20161-98,788.34
20162-105,073.97
20163-108,048.89
20164-107,720.02
20165-108,868.85
20166-112,458.73
20167-113,807.40
20168-113,308.16
20169-112,734.84
201610-114,088.97
201611-118,590.88
201612-120,295.78
20171-123,395.14
20172-125,553.64
20173-125,360.28
20174-127,481.84
20175-129,746.46
20176-131,028.21
20177-131,352.90
20178-133,524.51
20179-137,176.14
201710-139,356.65
201711-143,374.98
201712-150,345.73
20181-146,005.72
20182-146,100.00
20183-143,668.94
20184-146,487.18
20185-149,582.41
20186-151,946.92
20187-155,670.85
20188-158,285.72
20189-152,193.33
201810-149,033.63
201811-140,743.61
201812-143,186.41
20191-151,532.61
20192-154,484.50
20193-160,236.29
20194-157,781.81
20195-159,998.25
20196-166,121.94
20197-160,914.99
20198-165,879.58
20199-165,895.84
201910-173,251.15
201911-177,529.28
201912-183,470.11
20201-183,694.09
20202-148,943.37
20203-155,375.66
20204-164,523.20
20205-175,230.81
20206-181,322.60
20207-192,008.85
20208-190,804.95
20209-194,098.25
202010-201,773.12
202011-210,368.82
202012-216,249.26
20211-221,637.17
20212-223,457.60
20213-236,913.07
20214-238,714.16
20215-243,035.90
20216-250,492.73
20217-255,966.40
20218-255,750.11
20219-256,906.55
202110-269,096.11
202111-269,810.30
202112-264,273.92
20221-256,603.18
20222-254,312.79
20223-254,613.64
20224-234,568.60
20225-226,665.08
20226-227,718.36
20227-242,400.26
20228-224,759.81
20229-217,812.09
202210-229,323.67
202211-229,348.52
202212-232,505.40
20231-239,822.28
20232-233,621.85
20233-242,957.90
20234-244,750.18
20235-256,846.20
20236-266,801.66
20237-264,139.95
20238-261,621.17
20239-253,674.92
202310-265,348.34
202311-279,080.77
202312-287,207.15
20241-299,267.75
20242-309,090.08
20243-305,970.97
20244-303,080.76
Click to show 894 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 1949 to 2024
Start Value
Average monthly close
$15.36
End Value
Average monthly close
$5,064.20
Change in price+32,870.05%
+8.04% / yr
Change incl. dividends+349,997.58%
+11.44% / yr
Change incl. dividends, inflation-adjusted+26,474.31%
+7.69% / yr
Final amount, nominal
($100 base)
$350,097.58
Final amount, inflation-adjusted
($100 base)
$26,574.31