S&P 500: $100 in 1954 → $213,154.04 in 2026

$

Stock market returns since 1954

If you invested $100 in the S&P 500 at the beginning of 1954, you would have about $213,154.04 at the end of 2026, assuming you reinvested all dividends. This is a return on investment of 213,054.04%, or 11.23% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 17,590.39% cumulatively, or 7.45% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $152,782.34.

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 $213,054.04, or 213,054.04%. This means by 2026 you would have $213,154.04 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 1954 was 26.900 and the CPI in 2026 was 324.122.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 72 years.

Adjusted for inflation, the $213,154.04 nominal end value of the original $100 investment would have a real return of roughly $17,590.39 in 1954 dollars. This means the inflation-adjusted return is 17,590.39% as opposed to the original 213,054.04%.

For more information on inflation, see our U.S. inflation calculator for 1954.

Full monthly data

The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 864-month period between 1954 and 2026.

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

YearMonthReturn (%)Amount ($)CPI
195412.68%102.6826.90
195422.58%105.3326.90
195434.45%110.0226.90
195444.42%114.8826.80
195451.22%116.2926.90
195464.46%121.4726.90
195472.39%124.3826.90
195482.74%127.7926.90
195492.71%131.2526.80
1954104.30%136.9026.80
1954114.95%143.6826.80
1954122.17%146.7926.70
195513.70%152.2326.70
19552-0.44%151.5726.70
195533.81%157.3426.70
19554-0.08%157.2126.70
195556.15%166.8826.70
195567.64%179.6326.70
19557-0.30%179.0926.80
195584.82%187.7226.80
19559-4.72%178.8526.90
1955107.07%191.4926.90
1955111.24%193.8626.90
195512-2.39%189.2326.80
195610.95%191.0226.80
195627.21%204.7926.80
195631.48%207.8326.80
19564-2.84%201.9326.90
19565-0.26%201.4027.00
195665.75%212.9827.20
19567-0.28%212.3727.40
19568-3.09%205.8127.30
19569-0.95%203.8527.40
195610-0.71%202.4027.50
1956111.81%206.0627.50
195612-1.86%202.2227.60
19571-4.00%194.1427.60
195721.62%197.2827.70
195732.64%202.5027.80
195744.16%210.9327.90
195751.95%215.0528.00
195762.32%220.0428.10
19577-5.21%208.5928.30
19578-3.74%200.7928.30
19579-5.90%188.9528.30
195710-1.80%185.5528.30
1957110.32%186.1428.40
1957122.33%190.4728.40
195810.70%191.8128.60
195822.42%196.4528.60
195830.90%198.2128.80
195843.56%205.2628.90
195852.74%210.8728.90
195863.07%217.3528.90
195874.05%226.1629.00
195882.94%232.8228.90
195894.36%242.9728.90
1958103.33%251.0528.90
1958112.16%256.4829.00
1958124.25%267.3928.90
19591-1.27%264.0129.00
195922.81%271.4228.90
195931.94%276.6728.90
195941.77%281.5629.00
19595-0.61%279.8529.00
195964.23%291.6829.10
19597-0.32%290.7529.20
19598-3.70%279.9829.20
195990.18%280.4829.30
1959100.67%282.3629.40
1959113.46%292.1329.40
195912-1.49%287.7929.40
19601-3.61%277.4129.30
19602-1.08%274.4229.40
196031.58%278.7629.40
19604-0.62%277.0229.50
196053.99%288.0729.50
19606-2.20%281.7429.60
196071.49%285.9429.60
19608-2.72%278.1629.60
19609-1.67%273.5129.60
1960103.54%283.1929.80
1960112.69%290.8129.80
1960125.43%306.5929.80
196114.37%320.0129.80
196123.40%330.8829.80
196132.92%340.5329.80
196141.26%344.8429.80
19615-1.08%341.1129.80
19616-0.03%341.0229.80
196173.84%354.1130.00
19618-0.54%352.1929.90
196191.34%356.9230.00
1961104.77%373.9530.00
1961111.16%378.3030.00
196112-3.49%365.1130.00
196211.91%372.0830.00
196220.34%373.3530.10
19623-2.94%362.3630.10
19624-7.19%336.3230.20
19625-11.41%297.9430.20
196262.72%306.0330.20
196273.02%315.2830.30
19628-0.59%313.4130.30
19629-2.86%304.4630.40
1962107.20%326.3830.40
1962114.62%341.4830.40
1962124.15%355.6430.40
196311.60%361.3130.40
19632-0.11%360.9230.40
196334.98%378.8930.50
196342.27%387.4930.50
196350.22%388.3230.50
19636-1.22%383.5830.60
196373.03%395.2130.70
196382.89%406.6430.70
196390.50%408.6830.70
196310-0.31%407.4230.80
1963112.39%417.1730.80
1963123.33%431.0730.90
196411.48%437.4530.90
196422.07%446.5130.90
196431.69%454.0630.90
196441.22%459.6130.90
19645-0.35%457.9930.90
196463.96%476.1431.00
19647-1.23%470.3031.10
196481.97%479.5431.00
196491.97%488.9931.10
1964100.94%493.5731.10
196411-1.49%486.2231.20
1964122.82%499.9331.20
196510.98%504.8131.20
196520.34%506.5031.20
196531.56%514.3931.30
196541.73%523.3031.40
19655-4.51%499.7231.40
196560.10%500.2331.60
196572.12%510.8331.60
196583.60%529.2031.60
196592.50%542.4131.60
1965101.08%548.2531.70
196511-0.21%547.0931.70
1965121.98%557.9231.80
19661-0.43%555.5231.80
19662-3.86%534.0632.00
196633.32%551.8032.10
19664-5.01%524.1732.30
19665-0.56%521.2432.30
196660.02%521.3332.40
19667-5.77%491.2532.50
19668-3.22%475.4132.70
19669-0.56%472.7332.70
1966105.32%497.8632.90
1966110.72%501.4232.90
1966124.13%522.1332.90
196713.73%541.6132.90
196722.63%555.8732.90
196731.99%566.9533.00
196742.06%578.6133.10
19675-0.99%572.8733.20
196761.99%584.2933.30
196771.85%595.1133.40
196781.65%604.9533.50
196790.10%605.5433.60
196710-2.88%588.0933.70
1967113.11%606.3933.80
196712-0.02%606.2833.90
19681-4.26%580.4734.10
19682-1.56%571.4234.20
196837.66%615.2034.30
196842.56%630.9434.40
196852.94%649.4934.50
196860.05%649.8134.70
19687-1.93%637.2434.90
196883.51%659.6035.00
196892.72%677.5235.10
1968101.79%689.6235.30
1968111.29%698.4835.40
196812-3.99%670.6535.50
19691-0.24%669.0535.60
19692-1.91%656.2435.80
196932.27%671.1736.10
196943.51%694.7536.30
19695-4.97%660.2136.40
19696-4.21%632.4536.60
19697-0.28%630.6536.80
196980.63%634.6237.00
196991.35%643.1637.10
1969101.00%649.5837.30
196911-5.03%616.9237.50
196912-0.59%613.2837.70
19701-3.20%593.6837.80
197022.01%605.63-
19703-2.75%588.99-
19704-11.20%523.03-
19705-0.27%521.62-
197060.52%524.34-
197073.26%541.41-
197086.32%575.64-
197092.49%589.97-
1970100.21%591.19-
1970117.16%633.51-
1970124.11%659.55-
197114.15%686.93-
197122.83%706.38-
197133.67%732.33-
19714-1.11%724.22-
19715-1.60%712.66-
19716-0.46%709.36-
19717-1.52%698.60-
197182.49%715.97-
19719-1.86%702.63-
197110-4.37%671.91-
1971117.16%720.04-
1971124.42%751.89-
197212.09%767.58-
197222.62%787.69-
197231.26%797.60-
19724-0.78%791.42-
197250.52%795.50-
19726-0.50%791.49-
197273.78%821.44-
19728-1.21%811.50-
197290.42%814.88-
1972105.25%857.70-
1972112.31%877.52-
1972120.99%886.21-
19731-3.33%856.74-
19732-1.35%845.21-
19733-1.63%831.41-
19734-2.57%810.04-
19735-1.99%793.92-
197361.21%803.53-
19737-1.64%790.39-
197382.00%806.16-
197394.24%840.31-
197310-6.85%782.72-
197311-6.81%729.45-
1973121.70%741.86-
19741-2.47%723.51-
197424.57%756.61-
19743-4.82%720.17-
19744-2.71%700.68-
197450.46%703.89-
19746-11.35%624.02-
19747-3.76%600.52-
19748-10.01%540.39-
197492.38%553.24-
1974103.74%573.95-
197411-6.09%538.98-
1974128.63%585.51-
1975110.81%648.79-
197524.97%681.06-
197531.49%691.19-
197546.71%737.58-
197552.89%758.93-
197560.43%762.21-
19757-7.00%708.89-
19758-0.85%702.84-
197594.97%737.78-
1975102.04%752.84-
197511-1.18%743.96-
1975129.55%814.98-
197614.18%849.03-
197620.80%855.84-
197631.10%865.22-
19764-0.38%861.90-
197650.90%869.66-
197662.67%892.84-
19767-0.56%887.84-
197682.44%909.48-
19769-3.11%881.21-
197610-0.37%877.98-
1976113.79%911.23-
197612-0.54%906.33-
19771-2.37%884.86-
19772-0.05%884.38-
19773-1.19%873.83-
197740.06%874.39-
197750.90%882.26-
197761.28%893.57-
19777-2.08%875.00-
19778-1.18%864.71-
19779-2.20%845.71-
1977100.98%854.01-
197711-0.08%853.32-
197712-3.39%824.39-
19781-0.97%816.38-
197820.27%818.55-
197834.83%858.08-
197845.50%905.31-
197850.67%911.41-
19786-0.06%910.84-
197877.33%977.59-
197880.40%981.50-
19789-2.77%954.28-
197810-5.44%902.39-
1978111.92%919.74-
1978124.19%958.23-
19791-1.06%948.11-
197922.34%970.30-
197932.43%993.89-
19794-1.89%975.07-
197952.42%998.65-
197961.42%1,012.84-
197975.01%1,063.62-
197981.54%1,080.01-
19799-3.35%1,043.80-
197910-0.32%1,040.44-
1979114.40%1,086.26-
1979123.31%1,122.24-
198014.40%1,171.57-
19802-8.78%1,068.73-
19803-1.16%1,056.31-
198045.04%1,109.51-
198056.86%1,185.65-
198064.97%1,244.57-
198073.50%1,288.19-
198082.84%1,324.72-
198093.32%1,368.77-
1980104.61%1,431.93-
198011-1.24%1,414.11-
1980120.01%1,414.25-
19811-3.07%1,370.83-
198124.14%1,427.62-
198131.29%1,446.10-
19814-1.62%1,422.71-
198150.86%1,434.91-
19816-2.02%1,405.98-
198170.80%1,417.26-
19818-8.30%1,299.59-
198191.73%1,322.04-
1981103.04%1,362.28-
1981111.18%1,378.34-
198112-4.80%1,312.13-
19821-1.91%1,287.01-
19822-2.74%1,251.69-
198235.47%1,320.15-
198240.57%1,327.67-
19825-5.27%1,257.69-
198260.24%1,260.76-
198270.79%1,270.77-
1982812.10%1,424.49-
198298.88%1,551.00-
1982104.50%1,620.80-
1982111.36%1,642.77-
1982123.93%1,707.26-
198312.13%1,743.62-
198323.87%1,811.02-
198334.20%1,887.04-
198344.42%1,970.52-
198351.75%2,005.07-
198360.71%2,019.27-
19837-2.41%1,970.67-
198383.31%2,035.97-
198390.65%2,049.16-
198310-1.14%2,025.77-
198311-0.13%2,023.18-
1983121.58%2,055.06-
19841-5.11%1,950.00-
198420.44%1,958.63-
198430.51%1,968.56-
19844-0.25%1,963.59-
19845-1.85%1,927.30-
19846-0.91%1,909.79-
198479.21%2,085.61-
198481.41%2,114.96-
19849-0.41%2,106.24-
1984101.29%2,133.32-
198411-0.71%2,118.23-
1984124.70%2,217.73-
198515.79%2,346.08-
19852-0.48%2,334.86-
198531.02%2,358.78-
198542.74%2,423.31-
198552.51%2,484.16-
198562.25%2,539.98-
19857-1.85%2,493.11-
19858-1.88%2,446.12-
198591.50%2,482.70-
1985106.42%2,642.10-
1985115.29%2,781.99-
1985120.75%2,802.90-
198615.70%2,962.59-
198626.18%3,145.76-
198632.74%3,232.00-
198640.49%3,247.90-
198653.13%3,349.66-
19866-1.80%3,289.24-
198672.28%3,364.26-
19868-2.46%3,281.62-
19869-0.09%3,278.68-
1986103.53%3,394.51-
1986111.71%3,452.52-
1986126.67%3,682.92-
198716.46%3,920.90-
198724.38%4,092.50-
19873-0.86%4,057.45-
198740.17%4,064.46-
198754.50%4,247.30-
198763.12%4,379.91-
198776.45%4,662.59-
19878-3.03%4,521.29-
19879-11.85%3,985.34-
198710-12.30%3,495.01-
198711-1.33%3,448.36-
1987124.25%3,594.80-
198813.33%3,714.45-
198823.23%3,834.50-
19883-0.89%3,800.53-
19884-2.19%3,717.36-
198856.00%3,940.34-
19886-0.31%3,928.25-
19887-1.72%3,860.74-
198881.93%3,935.14-
198893.80%4,084.74-
198810-2.02%4,002.22-
1988112.33%4,095.31-
1988123.51%4,239.16-
198913.30%4,379.05-
19892-0.16%4,371.97-
198933.56%4,527.82-
198944.12%4,714.16-
198953.39%4,874.09-
198962.80%5,010.57-
198974.69%5,245.61-
198980.46%5,269.50-
198990.29%5,284.59-
198910-1.81%5,188.75-
1989112.74%5,330.75-
198912-2.21%5,212.87-
19901-2.53%5,081.13-
199022.71%5,218.69-
199030.20%5,228.92-
199043.85%5,430.28-
199053.17%5,602.42-
199060.17%5,611.92-
19907-7.86%5,170.76-
19908-4.34%4,946.29-
19909-2.32%4,831.75-
1990102.98%4,975.92-
1990114.59%5,204.14-
199012-0.69%5,168.49-
1991111.61%5,768.38-
199123.04%5,944.01-
199132.26%6,078.27-
19914-0.18%6,067.40-
199150.35%6,088.45-
199160.78%6,135.97-
199172.68%6,300.35-
19918-0.30%6,281.25-
199190.18%6,292.66-
1991100.02%6,293.66-
1991110.94%6,352.51-
1991127.36%6,819.93-
19921-0.60%6,778.96-
19922-1.01%6,710.33-
199230.26%6,728.06-
199242.07%6,867.22-
19925-1.33%6,775.95-
199261.91%6,905.51-
199270.94%6,970.54-
199280.38%6,996.91-
19929-1.18%6,914.20-
1992102.76%7,104.82-
1992113.27%7,337.23-
1992120.14%7,347.71-
199311.72%7,474.41-
199322.15%7,635.12-
19933-1.34%7,532.67-
199340.72%7,587.26-
199350.87%7,652.91-
199360.06%7,657.58-
199371.76%7,792.54-
199381.35%7,898.13-
199391.24%7,996.21-
1993100.01%7,996.82-
1993110.89%8,067.76-
1993121.74%8,207.81-
19941-0.08%8,201.60-
19942-1.42%8,084.82-
19943-3.35%7,814.27-
199441.06%7,896.97-
199451.11%7,984.47-
19946-0.52%7,943.04-
199473.08%8,187.85-
199480.82%8,254.79-
19949-0.44%8,218.13-
199410-0.37%8,187.74-
199411-1.03%8,103.75-
1994122.45%8,302.39-
199513.82%8,619.47-
199522.56%8,839.97-
199533.22%9,124.22-
199543.35%9,429.68-
199553.18%9,729.39-
199563.55%10,074.54-
199570.51%10,126.24-
199583.72%10,502.70-
199590.91%10,598.54-
1995102.36%10,848.49-
1995113.39%11,216.16-
1995120.16%11,234.40-
199615.90%11,897.72-
19962-0.20%11,873.85-
199630.20%11,897.24-
199642.35%12,177.40-
199651.28%12,333.10-
19966-3.48%11,904.33-
199673.08%12,270.48-
199682.02%12,518.80-
199694.12%13,034.51-
1996105.05%13,693.03-
1996111.20%13,857.10-
1996123.26%14,308.50-
199714.36%14,932.52-
19972-0.62%14,839.39-
19973-3.41%14,334.07-
199749.22%15,655.36-
199755.34%16,490.86-
199765.74%17,436.76-
199770.35%17,497.40-
199781.19%17,705.97-
199791.65%17,997.30-
199710-1.15%17,789.97-
1997112.63%18,258.67-
1997120.24%18,301.95-
199816.40%19,473.67-
199825.31%20,508.29-
199833.41%21,206.73-
19984-0.22%21,159.68-
199850.12%21,184.32-
199864.47%22,130.77-
19987-6.97%20,588.03-
19988-4.90%19,579.54-
199891.29%19,832.28-
19981010.97%22,008.75-
1998114.10%22,912.01-
1998125.05%24,068.54-
19991-0.07%24,052.49-
199922.92%24,755.66-
199934.25%25,807.78-
19994-0.10%25,782.28-
19995-0.61%25,624.55-
199964.52%26,783.39-
19997-3.77%25,772.48-
19998-0.60%25,618.36-
19999-1.27%25,292.37-
1999107.11%27,089.64-
1999112.81%27,850.51-
199912-0.12%27,817.39-
20001-2.48%27,128.05-
200023.94%28,197.15-
200031.42%28,598.87-
20004-2.84%27,787.01-
200053.16%28,666.04-
200060.85%28,909.80-
200070.94%29,181.47-
20008-1.08%28,866.41-
20009-5.21%27,361.25-
200010-0.77%27,149.87-
200011-3.32%26,248.47-
2000120.46%26,367.91-
20011-2.14%25,804.62-
20012-9.08%23,461.58-
200130.45%23,566.86-
200146.88%25,188.10-
20015-2.39%24,586.44-
20016-2.66%23,932.39-
20017-2.05%23,442.77-
20018-11.25%20,806.08-
200193.18%21,468.56-
2001105.05%22,553.39-
2001111.47%22,884.04-
200112-0.30%22,815.91-
20021-3.35%22,050.95-
200224.95%23,141.43-
20023-3.51%22,328.14-
20024-2.82%21,698.40-
20025-5.92%20,413.65-
20026-10.76%18,217.45-
200271.14%18,424.91-
20028-4.76%17,548.30-
20029-1.37%17,308.41-
2002106.63%18,455.19-
200211-1.04%18,264.16-
200212-0.22%18,223.52-
20031-6.41%17,054.51-
200321.31%17,277.57-
200335.29%18,190.84-
200345.31%19,157.17-
200355.70%20,249.93-
200360.60%20,370.60-
20037-0.17%20,336.72-
200383.16%20,979.60-
200392.03%21,405.03-
2003101.21%21,664.16-
2003113.06%22,327.91-
2003124.93%23,429.78-
200411.09%23,684.39-
20042-1.57%23,313.68-
200430.97%23,539.39-
20044-2.56%22,935.78-
200452.86%23,591.21-
20046-2.24%23,063.05-
20047-1.39%22,743.04-
200482.78%23,375.89-
200490.10%23,399.87-
2004104.77%24,516.96-
2004112.73%25,185.64-
200412-1.35%24,845.83-
200511.68%25,263.54-
20052-0.26%25,198.97-
20053-2.41%24,591.95-
200541.34%24,920.47-
200552.18%25,463.91-
200561.81%25,924.24-
200570.31%26,004.61-
200580.28%26,077.34-
20059-2.62%25,393.02-
2005103.96%26,398.97-
2005112.14%26,965.00-
2005121.47%27,360.52-
20061-0.02%27,355.96-
200621.49%27,762.51-
200630.80%27,984.15-
20064-0.79%27,764.01-
20065-2.71%27,012.78-
200660.72%27,207.28-
200672.29%27,830.81-
200682.53%28,535.25-
200693.62%29,567.06-
2006102.00%30,158.89-
2006112.15%30,806.78-
2006120.69%31,020.22-
200711.60%31,515.32-
20072-2.47%30,735.66-
200734.18%32,020.49-
200743.39%33,106.55-
200750.34%33,220.73-
200760.57%33,411.63-
20077-4.20%32,007.97-
200783.07%32,992.13-
200792.99%33,979.13-
200710-4.81%32,345.99-
2007111.24%32,746.51-
200712-6.64%30,573.71-
20081-1.56%30,095.55-
20082-2.63%29,305.05-
200834.24%30,548.70-
200842.56%31,331.54-
20085-4.25%30,001.02-
20086-6.08%28,177.42-
200872.11%28,772.11-
20088-4.85%27,377.37-
20089-20.19%21,848.90-
200810-8.61%19,968.73-
200811-0.35%19,898.59-
200812-1.10%19,680.59-
20091-6.70%18,361.50-
20092-5.69%17,317.20-
2009312.32%19,450.98-
200946.66%20,746.38-
200952.87%21,341.57-
200961.28%21,614.24-
200978.12%23,369.47-
200983.65%24,222.54-
200992.40%24,804.63-
2009102.09%25,324.12-
2009112.23%25,887.80-
2009121.36%26,239.09-
20101-2.90%25,478.56-
201025.94%26,992.76-
201034.09%28,096.20-
20104-5.88%26,443.47-
20105-3.54%25,506.43-
20106-0.16%25,465.86-
201070.86%25,685.78-
201083.37%26,551.69-
201094.58%27,767.08-
2010102.49%28,458.73-
2010113.71%29,515.61-
2010123.46%30,537.50-
201113.15%31,499.70-
20112-1.11%31,149.28-
201132.22%31,841.10-
201140.66%32,051.00-
20115-3.66%30,877.10-
201163.10%31,834.83-
20117-10.40%28,523.80-
20118-0.79%28,298.68-
201193.02%29,152.99-
2011101.77%29,668.16-
2011111.55%30,129.42-
2011124.78%31,570.38-
201214.16%32,884.53-
201222.88%33,832.87-
20123-0.04%33,819.94-
20124-3.09%32,774.58-
20125-1.15%32,396.88-
201262.92%33,343.23-
201273.39%34,472.79-
201283.02%35,514.27-
20129-0.22%35,437.16-
201210-2.84%34,431.63-
2012112.18%35,180.71-
2012124.27%36,682.49-
201312.33%37,538.30-
201322.72%38,560.26-
201331.45%39,120.85-
201344.57%40,910.34-
20135-1.12%40,453.05-
201363.25%41,769.59-
201370.25%41,875.07-
201381.19%42,374.41-
201392.12%43,271.71-
2013103.86%44,942.00-
2013111.52%45,625.87-
2013120.97%46,067.44-
20141-0.13%46,007.53-
201422.72%47,259.98-
201430.20%47,355.32-
201441.53%48,080.81-
201453.20%49,617.63-
201461.50%50,359.82-
20147-0.43%50,144.81-
201481.78%51,036.40-
20149-2.65%49,685.68-
2014105.71%52,520.57-
2014110.63%52,853.49-
201412-1.11%52,266.80-
201512.83%53,744.59-
201520.06%53,774.34-
201530.88%54,246.70-
201540.98%54,777.72-
20155-0.44%54,539.17-
20156-0.08%54,495.74-
20157-2.42%53,174.54-
20158-4.51%50,777.92-
201594.32%52,970.06-
2015102.93%54,523.39-
201511-1.10%53,922.01-
201512-6.42%50,460.43-
20161-0.55%50,182.94-
201626.36%53,375.94-
201632.83%54,887.15-
20164-0.30%54,720.10-
201651.07%55,303.68-
201663.30%57,127.29-
201671.20%57,812.39-
20168-0.44%57,558.78-
20169-0.51%57,267.55-
2016101.20%57,955.42-
2016113.95%60,242.32-
2016121.44%61,108.39-
201712.58%62,682.81-
201721.75%63,779.29-
20173-0.15%63,681.07-
201741.69%64,758.79-
201751.78%65,909.19-
201760.99%66,560.29-
201770.25%66,725.23-
201781.65%67,828.38-
201792.73%69,683.35-
2017101.59%70,791.01-
2017112.88%72,832.26-
2017124.86%76,373.29-
20181-2.89%74,168.63-
201820.06%74,216.53-
20183-1.66%72,981.59-
201841.96%74,413.21-
201852.11%75,985.54-
201861.58%77,186.67-
201872.45%79,078.37-
201881.68%80,406.68-
20189-3.85%77,311.84-
201810-2.08%75,706.77-
201811-5.56%71,495.57-
2018121.74%72,736.47-
201915.83%76,976.21-
201921.95%78,475.72-
201933.72%81,397.54-
20194-1.53%80,150.71-
201951.40%81,276.62-
201963.83%84,387.36-
20197-3.13%81,742.31-
201983.09%84,264.25-
201990.01%84,272.51-
2019104.43%88,008.89-
2019112.47%90,182.11-
2019123.35%93,199.96-
202010.12%93,313.74-
20202-18.92%75,660.92-
202034.32%78,928.42-
202045.89%83,575.22-
202056.51%89,014.53-
202063.48%92,109.06-
202075.89%97,537.51-
20208-0.63%96,925.95-
202091.73%98,598.89-
2020103.95%102,497.61-
2020114.26%106,864.09-
2020122.80%109,851.26-
202112.49%112,588.23-
202120.82%113,512.99-
202136.02%120,348.16-
202140.76%121,263.08-
202151.81%123,458.45-
202163.07%127,246.41-
202172.19%130,026.95-
20218-0.08%129,917.08-
202190.45%130,504.53-
2021104.74%136,696.64-
2021110.27%137,059.43-
202112-2.05%134,247.04-
20221-2.90%130,350.43-
20222-0.89%129,186.94-
202230.12%129,339.77-
20224-7.87%119,157.20-
20225-3.37%115,142.33-
202260.46%115,677.38-
202276.45%123,135.56-
20228-7.28%114,174.49-
20229-3.09%110,645.15-
2022105.29%116,492.85-
2022110.01%116,505.48-
2022121.38%118,109.13-
202313.15%121,825.99-
20232-2.59%118,676.27-
202334.00%123,418.83-
202340.74%124,329.29-
202354.94%130,473.87-
202363.88%135,531.09-
20237-1.00%134,178.99-
20238-0.95%132,899.49-
20239-3.04%128,862.91-
2023104.60%134,792.83-
2023115.18%141,768.69-
2023122.91%145,896.76-
202414.20%152,023.36-
202423.28%157,012.95-
20243-1.01%155,428.49-
202442.52%159,340.18-
202453.55%164,997.69-
202462.38%168,924.07-
20247-0.97%167,284.48-
202482.72%171,838.15-
202493.15%177,254.29-
2024102.48%181,653.36-
2024111.47%184,324.25-
202412-0.42%183,552.81-
202511.09%185,561.83-
20252-5.77%174,855.98-
20253-5.42%165,376.62-
202548.34%179,168.63-
202553.88%186,119.77-
202564.53%194,545.93-
202571.89%198,220.52-
202582.83%203,836.47-
202592.40%208,734.65-
2025100.17%209,098.66-
2025111.76%212,780.80-
2025120.18%213,154.04-
Click to show 858 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 1954. This would result in a final amount of $152,782.34, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $213,154.04).

YearMonthContribution ($)Amount ($)
195414.164.25
195424.168.61
195434.1613.32
195444.1618.23
195454.1622.65
195464.1627.99
195474.1632.90
195484.1638.06
195494.1643.35
1954104.1649.53
1954114.1656.34
1954124.1661.80
195514.1668.38
195524.1672.21
195534.1679.27
195544.1683.35
195554.1692.87
195564.16104.43
195574.16108.25
195584.16117.82
195594.16116.20
1955104.16128.85
1955114.16134.64
1955124.32135.63
19561-136.92
19562-146.79
19563-148.96
19564-144.74
19565-144.36
19566-152.66
19567-152.22
19568-147.52
19569-146.11
195610-145.07
195611-147.70
195612-144.94
19571-139.15
19572-141.41
19573-145.15
19574-151.18
19575-154.14
19576-157.72
19577-149.51
19578-143.92
19579-135.43
195710-132.99
195711-133.42
195712-136.52
19581-137.48
19582-140.81
19583-142.07
19584-147.12
19585-151.15
19586-155.79
19587-162.11
19588-166.88
19589-174.15
195810-179.94
195811-183.84
195812-191.66
19591-189.23
19592-194.54
19593-198.31
19594-201.81
19595-200.59
19596-209.07
19597-208.40
19598-200.68
19599-201.04
195910-202.38
195911-209.39
195912-206.28
19601-198.84
19602-196.69
19603-199.81
19604-198.56
19605-206.48
19606-201.95
19607-204.96
19608-199.38
19609-196.04
196010-202.98
196011-208.45
196012-219.76
19611-229.37
19612-237.16
19613-244.08
19614-247.17
19615-244.50
19616-244.43
19617-253.81
19618-252.44
19619-255.83
196110-268.04
196111-271.15
196112-261.70
19621-266.70
19622-267.61
19623-259.73
19624-241.06
19625-213.55
19626-219.35
19627-225.99
19628-224.64
19629-218.23
196210-233.94
196211-244.76
196212-254.91
19631-258.98
19632-258.70
19633-271.57
19634-277.74
19635-278.34
19636-274.94
19637-283.27
19638-291.47
19639-292.93
196310-292.03
196311-299.02
196312-308.98
19641-313.55
19642-320.04
19643-325.46
19644-329.43
19645-328.28
19646-341.28
19647-337.10
19648-343.72
19649-350.49
196410-353.78
196411-348.51
196412-358.34
19651-361.83
19652-363.04
19653-368.70
19654-375.09
19655-358.18
19656-358.55
19657-366.15
19658-379.31
19659-388.78
196510-392.97
196511-392.14
196512-399.90
19661-398.18
19662-382.80
19663-395.51
19664-375.71
19665-373.61
19666-373.67
19667-352.12
19668-340.76
19669-338.84
196610-356.85
196611-359.40
196612-374.25
19671-388.21
19672-398.43
19673-406.37
19674-414.73
19675-410.62
19676-418.80
19677-426.56
19678-433.61
19679-434.03
196710-421.52
196711-434.64
196712-434.57
19681-416.07
19682-409.58
19683-440.96
19684-452.24
19685-465.54
19686-465.76
19687-456.76
19688-472.78
19689-485.63
196810-494.30
196811-500.65
196812-480.70
19691-479.55
19692-470.37
19693-481.07
19694-497.97
19695-473.22
19696-453.32
19697-452.03
19698-454.87
19699-461.00
196910-465.60
196911-442.19
196912-439.58
19701-425.53
19702-434.10
19703-422.17
19704-374.89
19705-373.88
19706-375.83
19707-388.07
19708-412.60
19709-422.87
197010-423.75
197011-454.08
197012-472.74
19711-492.37
19712-506.31
19713-524.91
19714-519.10
19715-510.81
19716-508.45
19717-500.74
19718-513.19
19719-503.62
197110-481.61
197111-516.11
197112-538.93
19721-550.18
19722-564.59
19723-571.70
19724-567.26
19725-570.19
19726-567.32
19727-588.78
19728-581.66
19729-584.08
197210-614.77
197211-628.98
197212-635.21
19731-614.08
19732-605.82
19733-595.93
19734-580.61
19735-569.06
19736-575.95
19737-566.53
19738-577.83
19739-602.31
197310-561.03
197311-522.85
197312-531.74
19741-518.59
19742-542.32
19743-516.19
19744-502.23
19745-504.52
19746-447.28
19747-430.44
19748-387.34
19749-396.54
197410-411.39
197411-386.33
197412-419.68
19751-465.03
19752-488.16
19753-495.42
19754-528.68
19755-543.98
19756-546.33
19757-508.11
19758-503.78
19759-528.82
197510-539.62
197511-533.25
197512-584.15
19761-608.56
19762-613.44
19763-620.16
19764-617.78
19765-623.35
19766-639.96
19767-636.37
19768-651.89
19769-631.63
197610-629.31
197611-653.14
197612-649.63
19771-634.24
19772-633.90
19773-626.33
19774-626.74
19775-632.38
19776-640.49
19777-627.17
19778-619.80
19779-606.18
197710-612.13
197711-611.64
197712-590.90
19781-585.16
19782-586.71
19783-615.05
19784-648.90
19785-653.27
19786-652.87
19787-700.71
19788-703.51
19789-684.00
197810-646.80
197811-659.24
197812-686.83
19791-679.57
19792-695.48
19793-712.39
19794-698.90
19795-715.80
19796-725.97
19797-762.37
19798-774.12
19799-748.17
197910-745.75
197911-778.60
197912-804.39
19801-839.75
19802-766.03
19803-757.13
19804-795.26
19805-849.84
19806-892.07
19807-923.34
19808-949.52
19809-981.09
198010-1,026.36
198011-1,013.59
198012-1,013.69
19811-982.57
19812-1,023.28
19813-1,036.52
19814-1,019.75
19815-1,028.50
19816-1,007.76
19817-1,015.85
19818-931.51
19819-947.60
198110-976.44
198111-987.95
198112-940.49
19821-922.49
19822-897.17
19823-946.24
19824-951.63
19825-901.48
19826-903.67
19827-910.85
19828-1,021.03
19829-1,111.71
198210-1,161.74
198211-1,177.48
198212-1,223.71
19831-1,249.77
19832-1,298.09
19833-1,352.57
19834-1,412.41
19835-1,437.18
19836-1,447.35
19837-1,412.51
19838-1,459.32
19839-1,468.78
198310-1,452.01
198311-1,450.15
198312-1,473.00
19841-1,397.70
19842-1,403.89
19843-1,411.01
19844-1,407.44
19845-1,381.43
19846-1,368.88
19847-1,494.91
19848-1,515.94
19849-1,509.69
198410-1,529.10
198411-1,518.28
198412-1,589.60
19851-1,681.60
19852-1,673.55
19853-1,690.70
19854-1,736.96
19855-1,780.57
19856-1,820.58
19857-1,786.99
19858-1,753.30
19859-1,779.52
198510-1,893.78
198511-1,994.05
198512-2,009.04
19861-2,123.50
19862-2,254.79
19863-2,316.60
19864-2,327.99
19865-2,400.94
19866-2,357.62
19867-2,411.40
19868-2,352.17
19869-2,350.05
198610-2,433.08
198611-2,474.66
198612-2,639.80
19871-2,810.39
19872-2,933.38
19873-2,908.26
19874-2,913.28
19875-3,044.34
19876-3,139.38
19877-3,342.00
19878-3,240.72
19879-2,856.57
198710-2,505.12
198711-2,471.68
198712-2,576.64
19881-2,662.41
19882-2,748.46
19883-2,724.10
19884-2,664.49
19885-2,824.32
19886-2,815.65
19887-2,767.26
19888-2,820.59
19889-2,927.82
198810-2,868.67
198811-2,935.39
198812-3,038.50
19891-3,138.77
19892-3,133.70
19893-3,245.41
19894-3,378.96
19895-3,493.60
19896-3,591.43
19897-3,759.89
19898-3,777.02
19899-3,787.83
198910-3,719.14
198911-3,820.92
198912-3,736.43
19901-3,642.00
19902-3,740.60
19903-3,747.93
19904-3,892.26
19905-4,015.64
19906-4,022.46
19907-3,706.24
19908-3,545.35
19909-3,463.25
199010-3,566.59
199011-3,730.17
199012-3,704.61
19911-4,134.60
19912-4,260.48
19913-4,356.72
19914-4,348.93
19915-4,364.02
19916-4,398.08
19917-4,515.90
19918-4,502.21
19919-4,510.39
199110-4,511.10
199111-4,553.29
199112-4,888.32
19921-4,858.95
19922-4,809.76
19923-4,822.47
19924-4,922.22
19925-4,856.79
19926-4,949.66
19927-4,996.27
19928-5,015.17
19929-4,955.89
199210-5,092.52
199211-5,259.10
199212-5,266.62
19931-5,357.43
19932-5,472.62
19933-5,399.19
19934-5,438.32
19935-5,485.37
19936-5,488.72
19937-5,585.46
19938-5,661.14
19939-5,731.44
199310-5,731.87
199311-5,782.73
199312-5,883.11
19941-5,878.65
19942-5,794.95
19943-5,601.03
19944-5,660.30
19945-5,723.03
19946-5,693.33
19947-5,868.80
19948-5,916.78
19949-5,890.51
199410-5,868.72
199411-5,808.52
199412-5,950.90
19951-6,178.17
19952-6,336.22
19953-6,539.96
19954-6,758.91
19955-6,973.73
19956-7,221.13
19957-7,258.18
19958-7,528.01
19959-7,596.71
199510-7,775.87
199511-8,039.41
199512-8,052.48
19961-8,527.93
19962-8,510.81
19963-8,527.58
19964-8,728.39
19965-8,839.99
19966-8,532.66
19967-8,795.11
19968-8,973.10
19969-9,342.74
199610-9,814.75
199611-9,932.35
199612-10,255.90
19971-10,703.18
19972-10,636.42
19973-10,274.22
19974-11,221.29
19975-11,820.15
19976-12,498.14
19977-12,541.61
19978-12,691.10
19979-12,899.92
199710-12,751.31
199711-13,087.26
199712-13,118.28
19981-13,958.14
19982-14,699.72
19983-15,200.34
19984-15,166.62
19985-15,184.28
19986-15,862.66
19987-14,756.88
19988-14,034.02
19989-14,215.18
199810-15,775.20
199811-16,422.64
199812-17,251.60
19991-17,240.09
19992-17,744.11
19993-18,498.23
19994-18,479.95
19995-18,366.90
19996-19,197.52
19997-18,472.93
19998-18,362.46
19999-18,128.80
199910-19,417.03
199911-19,962.40
199912-19,938.66
20001-19,444.56
20002-20,210.86
20003-20,498.80
20004-19,916.88
20005-20,546.95
20006-20,721.67
20007-20,916.39
20008-20,690.57
20009-19,611.71
200010-19,460.20
200011-18,814.11
200012-18,899.71
20011-18,495.97
20012-16,816.55
20013-16,892.01
20014-18,054.06
20015-17,622.81
20016-17,154.01
20017-16,803.06
20018-14,913.17
20019-15,388.01
200110-16,165.59
200111-16,402.58
200112-16,353.75
20021-15,805.45
20022-16,587.07
20023-16,004.13
20024-15,552.76
20025-14,631.88
20026-13,057.71
20027-13,206.41
20028-12,578.09
20029-12,406.14
200210-13,228.12
200211-13,091.20
200212-13,062.07
20031-12,224.16
20032-12,384.04
20033-13,038.64
20034-13,731.28
20035-14,514.54
20036-14,601.03
20037-14,576.75
20038-15,037.54
20039-15,342.48
200310-15,528.21
200311-16,003.97
200312-16,793.76
20041-16,976.25
20042-16,710.54
20043-16,872.32
20044-16,439.67
20045-16,909.46
20046-16,530.90
20047-16,301.52
20048-16,755.13
20049-16,772.32
200410-17,573.01
200411-18,052.31
200412-17,808.74
20051-18,108.14
20052-18,061.86
20053-17,626.76
20054-17,862.23
20055-18,251.76
20056-18,581.71
20057-18,639.32
20058-18,691.45
20059-18,200.94
200510-18,921.98
200511-19,327.69
200512-19,611.19
20061-19,607.92
20062-19,899.32
20063-20,058.19
20064-19,900.40
20065-19,361.94
20066-19,501.35
20067-19,948.28
20068-20,453.20
20069-21,192.77
200610-21,616.98
200611-22,081.36
200612-22,234.35
20071-22,589.22
20072-22,030.39
20073-22,951.32
20074-23,729.77
20075-23,811.61
20076-23,948.44
20077-22,942.34
20078-23,647.76
20079-24,355.21
200710-23,184.62
200711-23,471.70
200712-21,914.31
20081-21,571.58
20082-21,004.97
20083-21,896.38
20084-22,457.50
20085-21,503.82
20086-20,196.72
20087-20,622.97
20088-19,623.27
20089-15,660.63
200810-14,312.98
200811-14,262.71
200812-14,106.45
20091-13,160.96
20092-12,412.44
20093-13,941.87
20094-14,870.38
20095-15,296.99
20096-15,492.43
20097-16,750.53
20098-17,361.98
20099-17,779.21
200910-18,151.56
200911-18,555.59
200912-18,807.38
20101-18,262.26
20102-19,347.59
20103-20,138.50
20104-18,953.88
20105-18,282.24
20106-18,253.15
20107-18,410.79
20108-19,031.45
20109-19,902.60
201010-20,398.35
201011-21,155.90
201012-21,888.35
20111-22,578.03
20112-22,326.85
20113-22,822.73
20114-22,973.19
20115-22,131.77
20116-22,818.24
20117-20,444.99
20118-20,283.63
20119-20,895.98
201110-21,265.23
201111-21,595.86
201112-22,628.69
20121-23,570.63
20122-24,250.37
20123-24,241.11
20124-23,491.83
20125-23,221.10
20126-23,899.41
20127-24,709.05
20128-25,455.55
20129-25,400.28
201210-24,679.55
201211-25,216.46
201212-26,292.89
20131-26,906.31
20132-27,638.82
20133-28,040.63
20134-29,323.29
20135-28,995.52
20136-29,939.17
20137-30,014.78
20138-30,372.69
20139-31,015.85
201310-32,213.06
201311-32,703.23
201312-33,019.74
20141-32,976.80
20142-33,874.52
20143-33,942.85
20144-34,462.87
20145-35,564.41
20146-36,096.39
20147-35,942.28
20148-36,581.34
20149-35,613.19
201410-37,645.15
201411-37,883.78
201412-37,463.25
20151-38,522.49
20152-38,543.81
20153-38,882.39
20154-39,263.01
20155-39,092.02
20156-39,060.89
20157-38,113.90
20158-36,396.07
20159-37,967.33
201510-39,080.71
201511-38,649.66
201512-36,168.50
20161-35,969.61
20162-38,258.25
20163-39,341.44
20164-39,221.70
20165-39,640.00
20166-40,947.10
20167-41,438.16
20168-41,256.39
20169-41,047.64
201610-41,540.69
201611-43,179.87
201612-43,800.63
20171-44,929.13
20172-45,715.06
20173-45,644.66
20174-46,417.13
20175-47,241.70
20176-47,708.40
20177-47,826.62
20178-48,617.32
20179-49,946.90
201710-50,740.85
201711-52,203.95
201712-54,742.05
20181-53,161.82
20182-53,196.15
20183-52,310.98
20184-53,337.13
20185-54,464.12
20186-55,325.06
20187-56,680.97
20188-57,633.07
20189-55,414.78
201810-54,264.31
201811-51,245.85
201812-52,135.29
20191-55,174.21
20192-56,249.01
20193-58,343.29
20194-57,449.59
20195-58,256.61
20196-60,486.30
20197-58,590.40
20198-60,398.05
20199-60,403.97
201910-63,082.10
201911-64,639.80
201912-66,802.90
20201-66,884.45
20202-54,231.45
20203-56,573.49
20204-59,904.18
20205-63,802.91
20206-66,020.98
20207-69,911.92
20208-69,473.58
20209-70,672.69
202010-73,467.17
202011-76,596.93
202012-78,738.04
20211-80,699.83
20212-81,362.66
20213-86,261.90
20214-86,917.69
20215-88,491.27
20216-91,206.36
20217-93,199.37
20218-93,120.61
20219-93,541.68
202110-97,980.00
202111-98,240.04
202112-96,224.20
20221-93,431.22
20222-92,597.27
20223-92,706.82
20224-85,408.26
20225-82,530.53
20226-82,914.03
20227-88,259.83
20228-81,836.80
20229-79,307.08
202210-83,498.54
202211-83,507.59
202212-84,657.03
20231-87,321.17
20232-85,063.54
20233-88,462.87
20234-89,115.46
20235-93,519.71
20236-97,144.57
20237-96,175.42
20238-95,258.31
20239-92,365.02
202310-96,615.40
202311-101,615.49
202312-104,574.37
20241-108,965.73
20242-112,542.11
20243-111,406.42
20244-114,210.20
20245-118,265.33
20246-121,079.64
20247-119,904.43
20248-123,168.36
20249-127,050.49
202410-130,203.61
202411-132,118.02
202412-131,565.08
20251-133,005.08
20252-125,331.45
20253-118,536.94
20254-128,422.63
20255-133,405.00
20256-139,444.61
20257-142,078.45
20258-146,103.79
20259-149,614.65
202510-149,875.56
202511-152,514.81
202512-152,782.34
Click to show 858 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 1954 to 2026
Start Value
Average monthly close
$25.46
End Value
Average monthly close
$6,858.47
Change in price +26,838.22%
+8.08% / yr
Change incl. dividends +213,054.04%
+11.23% / yr
Change incl. dividends, inflation-adjusted +17,590.39%
+7.45% / yr
Final amount, nominal
($100 base)
$213,154.04
Final amount, inflation-adjusted
($100 base)
$17,690.39