S&P 500: $100 in 2016 → $259.66 in 2021

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Stock market returns since 2016

If you invested $100 in the S&P 500 at the beginning of 2016, you would have about $259.66 at the beginning of 2021, assuming you reinvested all dividends. This is a return on investment of 159.66%, or 18.34% per year.

This investment result beats inflation during this period for an inflation-adjusted return of about 127.80% cumulatively, or 15.64% per year.

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 $159.66, or 159.66%. This means by 2021 you would have $259.66 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 2016 was 240.007 and the CPI in 2021 was 273.567.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 5 years.

Adjusted for inflation, the $259.66 nominal end value of the original $100 investment would have a real value of roughly $127.80 in 2016 dollars. This means the inflation-adjusted return is 127.80% as opposed to the original 159.66%.

For more information on inflation, see our U.S. inflation calculator for 2016.

Full monthly data

The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 68-month period between 2016 and 2021.

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

Year Month Return (%) Amount ($)
2016 1 -0.55% 99.45
2016 2 6.36% 105.78
2016 3 2.83% 108.77
2016 4 -0.30% 108.44
2016 5 1.07% 109.60
2016 6 3.30% 113.21
2016 7 1.20% 114.57
2016 8 -0.44% 114.07
2016 9 -0.51% 113.49
2016 10 1.20% 114.85
2016 11 3.95% 119.39
2016 12 1.44% 121.10
2017 1 2.58% 124.22
2017 2 1.75% 126.39
2017 3 -0.15% 126.20
2017 4 1.69% 128.34
2017 5 1.78% 130.62
2017 6 0.99% 131.91
2017 7 0.25% 132.23
2017 8 1.65% 134.42
2017 9 2.73% 138.10
2017 10 1.59% 140.29
2017 11 2.88% 144.34
2017 12 4.86% 151.35
2018 1 -2.89% 146.98
2018 2 0.06% 147.08
2018 3 -1.66% 144.63
2018 4 1.96% 147.47
2018 5 2.11% 150.58
2018 6 1.58% 152.96
2018 7 2.45% 156.71
2018 8 1.68% 159.35
2018 9 -3.85% 153.21
2018 10 -2.08% 150.03
2018 11 -5.56% 141.69
2018 12 1.74% 144.15
2019 1 5.83% 152.55
2019 2 1.95% 155.52
2019 3 3.72% 161.31
2019 4 -1.53% 158.84
2019 5 1.40% 161.07
2019 6 3.83% 167.23
2019 7 -3.13% 161.99
2019 8 3.09% 166.99
2019 9 0.01% 167.01
2019 10 4.43% 174.41
2019 11 2.47% 178.72
2019 12 3.35% 184.70
2020 1 0.12% 184.92
2020 2 -18.92% 149.94
2020 3 4.32% 156.42
2020 4 5.89% 165.63
2020 5 6.51% 176.40
2020 6 3.48% 182.54
2020 7 5.89% 193.30
2020 8 -0.63% 192.08
2020 9 1.73% 195.40
2020 10 3.95% 203.12
2020 11 4.26% 211.78
2020 12 2.80% 217.70
2021 1 2.49% 223.12
2021 2 0.82% 224.95
2021 3 6.02% 238.50
2021 4 0.76% 240.31
2021 5 1.81% 244.66
2021 6 3.07% 252.17
2021 7 2.07% 257.40
2021 8 0.88% 259.66
Click to show 54 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.

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S&P 500 from 2016 to 2021
Start Value
Average monthly close
$1,918.60
End Value
Average monthly close
$3,278.20
Change in price +70.86%
+14.33% / yr
Change incl. dividends +159.66%
+18.34% / yr
Change, inflation-adjusted +127.80%
+15.64%
Final amount, nominal
($100 base)
$259.66
Final amount, inflation-adjusted
($100 base)
$227.80