Stock market returns since 1980
If you invested $100 in the S&P 500 at the beginning of 1980, you would have about $14,312.86 at the end of 2024, assuming you reinvested all dividends. This is a return on investment of 14,212.86%, or 11.82% per year.
This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 3,655.16% cumulatively, or 8.51% per year.
If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $12,310.64.
Contents
- Overview
- Adjusting for inflation
- Full monthly data
- Dollar cost average
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.
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This chart shows the rate of gains and loss by month, including dividends:
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Adjusting stock market return for inflation
The nominal return on investment of $100 is $14,212.86, or 14,212.86%. This means by 2024 you would have $14,312.86 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 1980 was 82.400 and the CPI in 2024 was 314.069.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 44 years.
Adjusted for inflation, the $14,312.86 nominal end value of the original $100 investment would have a real return of roughly $3,655.16 in 1980 dollars. This means the inflation-adjusted return is 3,655.16% as opposed to the original 14,212.86%.
For more information on inflation, see our U.S. inflation calculator for 1980.
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Full monthly data
The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 533-month period between 1980 and 2024.
Note that data shown is the monthly average closing price. Returns include dividends.
| Year | Month | Return (%) | Amount ($) | CPI |
|---|---|---|---|---|
| 1980 | 1 | 4.40% | 104.40 | 77.80 |
| 1980 | 2 | -8.78% | 95.23 | 78.90 |
| 1980 | 3 | -1.16% | 94.13 | 80.10 |
| 1980 | 4 | 5.04% | 98.87 | 81.00 |
| 1980 | 5 | 6.86% | 105.65 | 81.80 |
| 1980 | 6 | 4.97% | 110.90 | 82.70 |
| 1980 | 7 | 3.50% | 114.79 | 82.70 |
| 1980 | 8 | 2.84% | 118.04 | 83.30 |
| 1980 | 9 | 3.32% | 121.97 | 84.00 |
| 1980 | 10 | 4.61% | 127.60 | 84.80 |
| 1980 | 11 | -1.24% | 126.01 | 85.50 |
| 1980 | 12 | 0.01% | 126.02 | 86.30 |
| 1981 | 1 | -3.07% | 122.15 | 87.00 |
| 1981 | 2 | 4.14% | 127.21 | 87.90 |
| 1981 | 3 | 1.29% | 128.86 | 88.50 |
| 1981 | 4 | -1.62% | 126.77 | 89.10 |
| 1981 | 5 | 0.86% | 127.86 | 89.80 |
| 1981 | 6 | -2.02% | 125.28 | 90.60 |
| 1981 | 7 | 0.80% | 126.29 | 91.60 |
| 1981 | 8 | -8.30% | 115.80 | 92.30 |
| 1981 | 9 | 1.73% | 117.80 | 93.20 |
| 1981 | 10 | 3.04% | 121.39 | 93.40 |
| 1981 | 11 | 1.18% | 122.82 | 93.70 |
| 1981 | 12 | -4.80% | 116.92 | 94.00 |
| 1982 | 1 | -1.91% | 114.68 | 94.30 |
| 1982 | 2 | -2.74% | 111.54 | 94.60 |
| 1982 | 3 | 5.47% | 117.64 | 94.50 |
| 1982 | 4 | 0.57% | 118.31 | 94.90 |
| 1982 | 5 | -5.27% | 112.07 | 95.80 |
| 1982 | 6 | 0.24% | 112.34 | 97.00 |
| 1982 | 7 | 0.79% | 113.24 | 97.50 |
| 1982 | 8 | 12.10% | 126.93 | 97.70 |
| 1982 | 9 | 8.88% | 138.21 | 97.90 |
| 1982 | 10 | 4.50% | 144.43 | 98.20 |
| 1982 | 11 | 1.36% | 146.38 | 98.00 |
| 1982 | 12 | 3.93% | 152.13 | 97.60 |
| 1983 | 1 | 2.13% | 155.37 | 97.80 |
| 1983 | 2 | 3.87% | 161.38 | 97.90 |
| 1983 | 3 | 4.20% | 168.15 | 97.90 |
| 1983 | 4 | 4.42% | 175.59 | 98.60 |
| 1983 | 5 | 1.75% | 178.67 | 99.20 |
| 1983 | 6 | 0.71% | 179.93 | 99.50 |
| 1983 | 7 | -2.41% | 175.60 | 99.90 |
| 1983 | 8 | 3.31% | 181.42 | 100.20 |
| 1983 | 9 | 0.65% | 182.60 | 100.70 |
| 1983 | 10 | -1.14% | 180.51 | 101.00 |
| 1983 | 11 | -0.13% | 180.28 | 101.20 |
| 1983 | 12 | 1.58% | 183.12 | 101.30 |
| 1984 | 1 | -5.11% | 173.76 | 101.90 |
| 1984 | 2 | 0.44% | 174.53 | 102.40 |
| 1984 | 3 | 0.51% | 175.41 | 102.60 |
| 1984 | 4 | -0.25% | 174.97 | 103.10 |
| 1984 | 5 | -1.85% | 171.74 | 103.40 |
| 1984 | 6 | -0.91% | 170.18 | 103.70 |
| 1984 | 7 | 9.21% | 185.84 | 104.10 |
| 1984 | 8 | 1.41% | 188.46 | 104.50 |
| 1984 | 9 | -0.41% | 187.68 | 105.00 |
| 1984 | 10 | 1.29% | 190.10 | 105.30 |
| 1984 | 11 | -0.71% | 188.75 | 105.30 |
| 1984 | 12 | 4.70% | 197.62 | 105.30 |
| 1985 | 1 | 5.79% | 209.05 | 105.50 |
| 1985 | 2 | -0.48% | 208.05 | 106.00 |
| 1985 | 3 | 1.02% | 210.19 | 106.40 |
| 1985 | 4 | 2.74% | 215.94 | 106.90 |
| 1985 | 5 | 2.51% | 221.36 | 107.30 |
| 1985 | 6 | 2.25% | 226.33 | 107.60 |
| 1985 | 7 | -1.85% | 222.16 | 107.80 |
| 1985 | 8 | -1.88% | 217.97 | 108.00 |
| 1985 | 9 | 1.50% | 221.23 | 108.30 |
| 1985 | 10 | 6.42% | 235.43 | 108.70 |
| 1985 | 11 | 5.29% | 247.90 | 109.00 |
| 1985 | 12 | 0.75% | 249.76 | 109.30 |
| 1986 | 1 | 5.70% | 263.99 | 109.60 |
| 1986 | 2 | 6.18% | 280.31 | 109.30 |
| 1986 | 3 | 2.74% | 288.00 | 108.80 |
| 1986 | 4 | 0.49% | 289.41 | 108.60 |
| 1986 | 5 | 3.13% | 298.48 | 108.90 |
| 1986 | 6 | -1.80% | 293.10 | 109.50 |
| 1986 | 7 | 2.28% | 299.78 | 109.50 |
| 1986 | 8 | -2.46% | 292.42 | 109.70 |
| 1986 | 9 | -0.09% | 292.15 | 110.20 |
| 1986 | 10 | 3.53% | 302.48 | 110.30 |
| 1986 | 11 | 1.71% | 307.65 | 110.40 |
| 1986 | 12 | 6.67% | 328.18 | 110.50 |
| 1987 | 1 | 6.46% | 349.38 | 111.20 |
| 1987 | 2 | 4.38% | 364.67 | 111.60 |
| 1987 | 3 | -0.86% | 361.55 | 112.10 |
| 1987 | 4 | 0.17% | 362.17 | 112.70 |
| 1987 | 5 | 4.50% | 378.47 | 113.10 |
| 1987 | 6 | 3.12% | 390.28 | 113.50 |
| 1987 | 7 | 6.45% | 415.47 | 113.80 |
| 1987 | 8 | -3.03% | 402.88 | 114.40 |
| 1987 | 9 | -11.85% | 355.12 | 115.00 |
| 1987 | 10 | -12.30% | 311.43 | 115.30 |
| 1987 | 11 | -1.33% | 307.28 | 115.40 |
| 1987 | 12 | 4.25% | 320.32 | 115.40 |
| 1988 | 1 | 3.33% | 330.99 | 115.70 |
| 1988 | 2 | 3.23% | 341.68 | 116.00 |
| 1988 | 3 | -0.89% | 338.66 | 116.50 |
| 1988 | 4 | -2.19% | 331.25 | 117.10 |
| 1988 | 5 | 6.00% | 351.11 | 117.50 |
| 1988 | 6 | -0.31% | 350.04 | 118.00 |
| 1988 | 7 | -1.72% | 344.02 | 118.50 |
| 1988 | 8 | 1.93% | 350.65 | 119.00 |
| 1988 | 9 | 3.80% | 363.98 | 119.80 |
| 1988 | 10 | -2.02% | 356.63 | 120.20 |
| 1988 | 11 | 2.33% | 364.92 | 120.30 |
| 1988 | 12 | 3.51% | 377.74 | 120.50 |
| 1989 | 1 | 3.30% | 390.21 | 121.10 |
| 1989 | 2 | -0.16% | 389.58 | 121.60 |
| 1989 | 3 | 3.56% | 403.46 | 122.30 |
| 1989 | 4 | 4.12% | 420.07 | 123.10 |
| 1989 | 5 | 3.39% | 434.32 | 123.80 |
| 1989 | 6 | 2.80% | 446.48 | 124.10 |
| 1989 | 7 | 4.69% | 467.42 | 124.40 |
| 1989 | 8 | 0.46% | 469.55 | 124.60 |
| 1989 | 9 | 0.29% | 470.90 | 125.00 |
| 1989 | 10 | -1.81% | 462.36 | 125.60 |
| 1989 | 11 | 2.74% | 475.01 | 125.90 |
| 1989 | 12 | -2.21% | 464.51 | 126.10 |
| 1990 | 1 | -2.53% | 452.77 | 127.40 |
| 1990 | 2 | 2.71% | 465.02 | 128.00 |
| 1990 | 3 | 0.20% | 465.94 | 128.70 |
| 1990 | 4 | 3.85% | 483.88 | 128.90 |
| 1990 | 5 | 3.17% | 499.22 | 129.20 |
| 1990 | 6 | 0.17% | 500.07 | 129.90 |
| 1990 | 7 | -7.86% | 460.75 | 130.40 |
| 1990 | 8 | -4.34% | 440.75 | 131.60 |
| 1990 | 9 | -2.32% | 430.55 | 132.70 |
| 1990 | 10 | 2.98% | 443.39 | 133.50 |
| 1990 | 11 | 4.59% | 463.73 | 133.80 |
| 1990 | 12 | -0.69% | 460.55 | 133.80 |
| 1991 | 1 | 11.61% | 514.01 | 134.60 |
| 1991 | 2 | 3.04% | 529.66 | 134.80 |
| 1991 | 3 | 2.26% | 541.62 | 135.00 |
| 1991 | 4 | -0.18% | 540.65 | 135.20 |
| 1991 | 5 | 0.35% | 542.53 | 135.60 |
| 1991 | 6 | 0.78% | 546.76 | 136.00 |
| 1991 | 7 | 2.68% | 561.41 | 136.20 |
| 1991 | 8 | -0.30% | 559.71 | 136.60 |
| 1991 | 9 | 0.18% | 560.72 | 137.20 |
| 1991 | 10 | 0.02% | 560.81 | 137.40 |
| 1991 | 11 | 0.94% | 566.06 | 137.80 |
| 1991 | 12 | 7.36% | 607.71 | 137.90 |
| 1992 | 1 | -0.60% | 604.06 | 138.10 |
| 1992 | 2 | -1.01% | 597.94 | 138.60 |
| 1992 | 3 | 0.26% | 599.52 | 139.30 |
| 1992 | 4 | 2.07% | 611.92 | 139.50 |
| 1992 | 5 | -1.33% | 603.79 | 139.70 |
| 1992 | 6 | 1.91% | 615.33 | 140.20 |
| 1992 | 7 | 0.94% | 621.13 | 140.50 |
| 1992 | 8 | 0.38% | 623.48 | 140.90 |
| 1992 | 9 | -1.18% | 616.11 | 141.30 |
| 1992 | 10 | 2.76% | 633.09 | 141.80 |
| 1992 | 11 | 3.27% | 653.80 | 142.00 |
| 1992 | 12 | 0.14% | 654.74 | 141.90 |
| 1993 | 1 | 1.72% | 666.03 | 142.60 |
| 1993 | 2 | 2.15% | 680.35 | 143.10 |
| 1993 | 3 | -1.34% | 671.22 | 143.60 |
| 1993 | 4 | 0.72% | 676.08 | 144.00 |
| 1993 | 5 | 0.87% | 681.93 | 144.20 |
| 1993 | 6 | 0.06% | 682.35 | 144.40 |
| 1993 | 7 | 1.76% | 694.37 | 144.40 |
| 1993 | 8 | 1.35% | 703.78 | 144.80 |
| 1993 | 9 | 1.24% | 712.52 | 145.10 |
| 1993 | 10 | 0.01% | 712.58 | 145.70 |
| 1993 | 11 | 0.89% | 718.90 | 145.80 |
| 1993 | 12 | 1.74% | 731.38 | 145.80 |
| 1994 | 1 | -0.08% | 730.82 | 146.20 |
| 1994 | 2 | -1.42% | 720.42 | 146.70 |
| 1994 | 3 | -3.35% | 696.31 | 147.20 |
| 1994 | 4 | 1.06% | 703.68 | 147.40 |
| 1994 | 5 | 1.11% | 711.48 | 147.50 |
| 1994 | 6 | -0.52% | 707.79 | 148.00 |
| 1994 | 7 | 3.08% | 729.60 | 148.40 |
| 1994 | 8 | 0.82% | 735.56 | 149.00 |
| 1994 | 9 | -0.44% | 732.30 | 149.40 |
| 1994 | 10 | -0.37% | 729.59 | 149.50 |
| 1994 | 11 | -1.03% | 722.11 | 149.70 |
| 1994 | 12 | 2.45% | 739.81 | 149.70 |
| 1995 | 1 | 3.82% | 768.06 | 150.30 |
| 1995 | 2 | 2.56% | 787.71 | 150.90 |
| 1995 | 3 | 3.22% | 813.04 | 151.40 |
| 1995 | 4 | 3.35% | 840.26 | 151.90 |
| 1995 | 5 | 3.18% | 866.96 | 152.20 |
| 1995 | 6 | 3.55% | 897.72 | 152.50 |
| 1995 | 7 | 0.51% | 902.32 | 152.50 |
| 1995 | 8 | 3.72% | 935.87 | 152.90 |
| 1995 | 9 | 0.91% | 944.41 | 153.20 |
| 1995 | 10 | 2.36% | 966.68 | 153.70 |
| 1995 | 11 | 3.39% | 999.45 | 153.60 |
| 1995 | 12 | 0.16% | 1,001.07 | 153.50 |
| 1996 | 1 | 5.90% | 1,060.18 | 154.40 |
| 1996 | 2 | -0.20% | 1,058.05 | 154.90 |
| 1996 | 3 | 0.20% | 1,060.13 | 155.70 |
| 1996 | 4 | 2.35% | 1,085.10 | 156.30 |
| 1996 | 5 | 1.28% | 1,098.97 | 156.60 |
| 1996 | 6 | -3.48% | 1,060.77 | 156.70 |
| 1996 | 7 | 3.08% | 1,093.39 | 157.00 |
| 1996 | 8 | 2.02% | 1,115.52 | 157.30 |
| 1996 | 9 | 4.12% | 1,161.47 | 157.80 |
| 1996 | 10 | 5.05% | 1,220.15 | 158.30 |
| 1996 | 11 | 1.20% | 1,234.77 | 158.60 |
| 1996 | 12 | 3.26% | 1,275.00 | 158.60 |
| 1997 | 1 | 4.36% | 1,330.60 | 159.10 |
| 1997 | 2 | -0.62% | 1,322.30 | 159.60 |
| 1997 | 3 | -3.41% | 1,277.27 | 160.00 |
| 1997 | 4 | 9.22% | 1,395.01 | 160.20 |
| 1997 | 5 | 5.34% | 1,469.46 | 160.10 |
| 1997 | 6 | 5.74% | 1,553.75 | 160.30 |
| 1997 | 7 | 0.35% | 1,559.15 | 160.50 |
| 1997 | 8 | 1.19% | 1,577.74 | 160.80 |
| 1997 | 9 | 1.65% | 1,603.70 | 161.20 |
| 1997 | 10 | -1.15% | 1,585.22 | 161.60 |
| 1997 | 11 | 2.63% | 1,626.99 | 161.50 |
| 1997 | 12 | 0.24% | 1,630.84 | 161.30 |
| 1998 | 1 | 6.40% | 1,735.25 | 161.60 |
| 1998 | 2 | 5.31% | 1,827.44 | 161.90 |
| 1998 | 3 | 3.41% | 1,889.68 | 162.20 |
| 1998 | 4 | -0.22% | 1,885.49 | 162.50 |
| 1998 | 5 | 0.12% | 1,887.68 | 162.80 |
| 1998 | 6 | 4.47% | 1,972.02 | 163.00 |
| 1998 | 7 | -6.97% | 1,834.55 | 163.20 |
| 1998 | 8 | -4.90% | 1,744.69 | 163.40 |
| 1998 | 9 | 1.29% | 1,767.21 | 163.60 |
| 1998 | 10 | 10.97% | 1,961.15 | 164.00 |
| 1998 | 11 | 4.10% | 2,041.64 | 164.00 |
| 1998 | 12 | 5.05% | 2,144.69 | 163.90 |
| 1999 | 1 | -0.07% | 2,143.26 | 164.30 |
| 1999 | 2 | 2.92% | 2,205.92 | 164.50 |
| 1999 | 3 | 4.25% | 2,299.67 | 165.00 |
| 1999 | 4 | -0.10% | 2,297.40 | 166.20 |
| 1999 | 5 | -0.61% | 2,283.34 | 166.20 |
| 1999 | 6 | 4.52% | 2,386.60 | 166.20 |
| 1999 | 7 | -3.77% | 2,296.52 | 166.70 |
| 1999 | 8 | -0.60% | 2,282.79 | 167.10 |
| 1999 | 9 | -1.27% | 2,253.74 | 167.90 |
| 1999 | 10 | 7.11% | 2,413.89 | 168.20 |
| 1999 | 11 | 2.81% | 2,481.69 | 168.30 |
| 1999 | 12 | -0.12% | 2,478.74 | 168.30 |
| 2000 | 1 | -2.48% | 2,417.32 | 168.80 |
| 2000 | 2 | 3.94% | 2,512.58 | 169.80 |
| 2000 | 3 | 1.42% | 2,548.38 | 171.20 |
| 2000 | 4 | -2.84% | 2,476.03 | 171.30 |
| 2000 | 5 | 3.16% | 2,554.36 | 171.50 |
| 2000 | 6 | 0.85% | 2,576.08 | 172.40 |
| 2000 | 7 | 0.94% | 2,600.29 | 172.80 |
| 2000 | 8 | -1.08% | 2,572.22 | 172.80 |
| 2000 | 9 | -5.21% | 2,438.10 | 173.70 |
| 2000 | 10 | -0.77% | 2,419.26 | 174.00 |
| 2000 | 11 | -3.32% | 2,338.94 | 174.10 |
| 2000 | 12 | 0.46% | 2,349.58 | 174.00 |
| 2001 | 1 | -2.14% | 2,299.39 | 175.10 |
| 2001 | 2 | -9.08% | 2,090.61 | 175.80 |
| 2001 | 3 | 0.45% | 2,099.99 | 176.20 |
| 2001 | 4 | 6.88% | 2,244.45 | 176.90 |
| 2001 | 5 | -2.39% | 2,190.84 | 177.70 |
| 2001 | 6 | -2.66% | 2,132.56 | 178.00 |
| 2001 | 7 | -2.05% | 2,088.93 | 177.50 |
| 2001 | 8 | -11.25% | 1,853.98 | 177.50 |
| 2001 | 9 | 3.18% | 1,913.01 | 178.30 |
| 2001 | 10 | 5.05% | 2,009.68 | 177.70 |
| 2001 | 11 | 1.47% | 2,039.14 | 177.40 |
| 2001 | 12 | -0.30% | 2,033.07 | 176.70 |
| 2002 | 1 | -3.35% | 1,964.91 | 177.10 |
| 2002 | 2 | 4.95% | 2,062.08 | 177.80 |
| 2002 | 3 | -3.51% | 1,989.61 | 178.80 |
| 2002 | 4 | -2.82% | 1,933.49 | 179.80 |
| 2002 | 5 | -5.92% | 1,819.01 | 179.80 |
| 2002 | 6 | -10.76% | 1,623.31 | 179.90 |
| 2002 | 7 | 1.14% | 1,641.80 | 180.10 |
| 2002 | 8 | -4.76% | 1,563.69 | 180.70 |
| 2002 | 9 | -1.37% | 1,542.31 | 181.00 |
| 2002 | 10 | 6.63% | 1,644.50 | 181.30 |
| 2002 | 11 | -1.04% | 1,627.48 | 181.30 |
| 2002 | 12 | -0.22% | 1,623.85 | 180.90 |
| 2003 | 1 | -6.41% | 1,519.69 | 181.70 |
| 2003 | 2 | 1.31% | 1,539.56 | 183.10 |
| 2003 | 3 | 5.29% | 1,620.94 | 184.20 |
| 2003 | 4 | 5.31% | 1,707.05 | 183.80 |
| 2003 | 5 | 5.70% | 1,804.42 | 183.50 |
| 2003 | 6 | 0.60% | 1,815.18 | 183.70 |
| 2003 | 7 | -0.17% | 1,812.16 | 183.90 |
| 2003 | 8 | 3.16% | 1,869.44 | 184.60 |
| 2003 | 9 | 2.03% | 1,907.35 | 185.20 |
| 2003 | 10 | 1.21% | 1,930.44 | 185.00 |
| 2003 | 11 | 3.06% | 1,989.59 | 184.50 |
| 2003 | 12 | 4.93% | 2,087.77 | 184.30 |
| 2004 | 1 | 1.09% | 2,110.46 | 185.20 |
| 2004 | 2 | -1.57% | 2,077.43 | 186.20 |
| 2004 | 3 | 0.97% | 2,097.54 | 187.40 |
| 2004 | 4 | -2.56% | 2,043.75 | 188.00 |
| 2004 | 5 | 2.86% | 2,102.16 | 189.10 |
| 2004 | 6 | -2.24% | 2,055.09 | 189.70 |
| 2004 | 7 | -1.39% | 2,026.58 | 189.40 |
| 2004 | 8 | 2.78% | 2,082.97 | 189.50 |
| 2004 | 9 | 0.10% | 2,085.11 | 189.90 |
| 2004 | 10 | 4.77% | 2,184.65 | 190.90 |
| 2004 | 11 | 2.73% | 2,244.23 | 191.00 |
| 2004 | 12 | -1.35% | 2,213.95 | 190.30 |
| 2005 | 1 | 1.68% | 2,251.17 | 190.70 |
| 2005 | 2 | -0.26% | 2,245.42 | 191.80 |
| 2005 | 3 | -2.41% | 2,191.33 | 193.30 |
| 2005 | 4 | 1.34% | 2,220.60 | 194.60 |
| 2005 | 5 | 2.18% | 2,269.03 | 194.40 |
| 2005 | 6 | 1.81% | 2,310.05 | 194.50 |
| 2005 | 7 | 0.31% | 2,317.21 | 195.40 |
| 2005 | 8 | 0.28% | 2,323.69 | 196.40 |
| 2005 | 9 | -2.62% | 2,262.71 | 198.80 |
| 2005 | 10 | 3.96% | 2,352.35 | 199.20 |
| 2005 | 11 | 2.14% | 2,402.79 | 197.60 |
| 2005 | 12 | 1.47% | 2,438.03 | 196.80 |
| 2006 | 1 | -0.02% | 2,437.62 | 198.30 |
| 2006 | 2 | 1.49% | 2,473.85 | 198.70 |
| 2006 | 3 | 0.80% | 2,493.60 | 199.80 |
| 2006 | 4 | -0.79% | 2,473.99 | 201.50 |
| 2006 | 5 | -2.71% | 2,407.04 | 202.50 |
| 2006 | 6 | 0.72% | 2,424.38 | 202.90 |
| 2006 | 7 | 2.29% | 2,479.94 | 203.50 |
| 2006 | 8 | 2.53% | 2,542.71 | 203.90 |
| 2006 | 9 | 3.62% | 2,634.65 | 202.90 |
| 2006 | 10 | 2.00% | 2,687.39 | 201.80 |
| 2006 | 11 | 2.15% | 2,745.12 | 201.50 |
| 2006 | 12 | 0.69% | 2,764.14 | 201.80 |
| 2007 | 1 | 1.60% | 2,808.25 | 202.42 |
| 2007 | 2 | -2.47% | 2,738.78 | 203.50 |
| 2007 | 3 | 4.18% | 2,853.27 | 205.35 |
| 2007 | 4 | 3.39% | 2,950.05 | 206.69 |
| 2007 | 5 | 0.34% | 2,960.22 | 207.95 |
| 2007 | 6 | 0.57% | 2,977.23 | 208.35 |
| 2007 | 7 | -4.20% | 2,852.15 | 208.30 |
| 2007 | 8 | 3.07% | 2,939.85 | 207.92 |
| 2007 | 9 | 2.99% | 3,027.80 | 208.49 |
| 2007 | 10 | -4.81% | 2,882.27 | 208.94 |
| 2007 | 11 | 1.24% | 2,917.96 | 210.18 |
| 2007 | 12 | -6.64% | 2,724.35 | 210.04 |
| 2008 | 1 | -1.56% | 2,681.74 | 211.08 |
| 2008 | 2 | -2.63% | 2,611.30 | 211.69 |
| 2008 | 3 | 4.24% | 2,722.12 | 213.53 |
| 2008 | 4 | 2.56% | 2,791.88 | 214.82 |
| 2008 | 5 | -4.25% | 2,673.32 | 216.63 |
| 2008 | 6 | -6.08% | 2,510.82 | 218.82 |
| 2008 | 7 | 2.11% | 2,563.81 | 219.96 |
| 2008 | 8 | -4.85% | 2,439.53 | 219.09 |
| 2008 | 9 | -20.19% | 1,946.90 | 218.78 |
| 2008 | 10 | -8.61% | 1,779.37 | 216.57 |
| 2008 | 11 | -0.35% | 1,773.12 | 212.43 |
| 2008 | 12 | -1.10% | 1,753.69 | 210.23 |
| 2009 | 1 | -6.70% | 1,636.15 | 211.14 |
| 2009 | 2 | -5.69% | 1,543.09 | 212.19 |
| 2009 | 3 | 12.32% | 1,733.23 | 212.71 |
| 2009 | 4 | 6.66% | 1,848.66 | 213.24 |
| 2009 | 5 | 2.87% | 1,901.70 | 213.86 |
| 2009 | 6 | 1.28% | 1,925.99 | 215.69 |
| 2009 | 7 | 8.12% | 2,082.40 | 215.35 |
| 2009 | 8 | 3.65% | 2,158.41 | 215.83 |
| 2009 | 9 | 2.40% | 2,210.28 | 215.97 |
| 2009 | 10 | 2.09% | 2,256.57 | 216.18 |
| 2009 | 11 | 2.23% | 2,306.80 | 216.33 |
| 2009 | 12 | 1.36% | 2,338.10 | 215.95 |
| 2010 | 1 | -2.90% | 2,270.33 | 216.69 |
| 2010 | 2 | 5.94% | 2,405.26 | 216.74 |
| 2010 | 3 | 4.09% | 2,503.59 | 217.63 |
| 2010 | 4 | -5.88% | 2,356.32 | 218.01 |
| 2010 | 5 | -3.54% | 2,272.82 | 218.18 |
| 2010 | 6 | -0.16% | 2,269.20 | 217.97 |
| 2010 | 7 | 0.86% | 2,288.80 | 218.01 |
| 2010 | 8 | 3.37% | 2,365.96 | 218.31 |
| 2010 | 9 | 4.58% | 2,474.26 | 218.44 |
| 2010 | 10 | 2.49% | 2,535.89 | 218.71 |
| 2010 | 11 | 3.71% | 2,630.07 | 218.80 |
| 2010 | 12 | 3.46% | 2,721.12 | 219.18 |
| 2011 | 1 | 3.15% | 2,806.86 | 220.22 |
| 2011 | 2 | -1.11% | 2,775.64 | 221.31 |
| 2011 | 3 | 2.22% | 2,837.28 | 223.47 |
| 2011 | 4 | 0.66% | 2,855.99 | 224.91 |
| 2011 | 5 | -3.66% | 2,751.39 | 225.96 |
| 2011 | 6 | 3.10% | 2,836.73 | 225.72 |
| 2011 | 7 | -10.40% | 2,541.69 | 225.92 |
| 2011 | 8 | -0.79% | 2,521.63 | 226.55 |
| 2011 | 9 | 3.02% | 2,597.75 | 226.89 |
| 2011 | 10 | 1.77% | 2,643.66 | 226.42 |
| 2011 | 11 | 1.55% | 2,684.76 | 226.23 |
| 2011 | 12 | 4.78% | 2,813.16 | 225.67 |
| 2012 | 1 | 4.16% | 2,930.26 | 226.67 |
| 2012 | 2 | 2.88% | 3,014.77 | 227.66 |
| 2012 | 3 | -0.04% | 3,013.61 | 229.39 |
| 2012 | 4 | -3.09% | 2,920.47 | 230.09 |
| 2012 | 5 | -1.15% | 2,886.81 | 229.82 |
| 2012 | 6 | 2.92% | 2,971.14 | 229.48 |
| 2012 | 7 | 3.39% | 3,071.79 | 229.10 |
| 2012 | 8 | 3.02% | 3,164.59 | 230.38 |
| 2012 | 9 | -0.22% | 3,157.72 | 231.41 |
| 2012 | 10 | -2.84% | 3,068.12 | 231.32 |
| 2012 | 11 | 2.18% | 3,134.87 | 230.22 |
| 2012 | 12 | 4.27% | 3,268.69 | 229.60 |
| 2013 | 1 | 2.33% | 3,344.95 | 230.28 |
| 2013 | 2 | 2.72% | 3,436.01 | 232.17 |
| 2013 | 3 | 1.45% | 3,485.97 | 232.77 |
| 2013 | 4 | 4.57% | 3,645.42 | 232.53 |
| 2013 | 5 | -1.12% | 3,604.68 | 232.95 |
| 2013 | 6 | 3.25% | 3,721.99 | 233.50 |
| 2013 | 7 | 0.25% | 3,731.39 | 233.60 |
| 2013 | 8 | 1.19% | 3,775.88 | 233.88 |
| 2013 | 9 | 2.12% | 3,855.84 | 234.15 |
| 2013 | 10 | 3.86% | 4,004.67 | 233.55 |
| 2013 | 11 | 1.52% | 4,065.61 | 233.07 |
| 2013 | 12 | 0.97% | 4,104.96 | 233.05 |
| 2014 | 1 | -0.13% | 4,099.62 | 233.92 |
| 2014 | 2 | 2.72% | 4,211.22 | 234.78 |
| 2014 | 3 | 0.20% | 4,219.72 | 236.29 |
| 2014 | 4 | 1.53% | 4,284.37 | 237.07 |
| 2014 | 5 | 3.20% | 4,421.31 | 237.90 |
| 2014 | 6 | 1.50% | 4,487.44 | 238.34 |
| 2014 | 7 | -0.43% | 4,468.28 | 238.25 |
| 2014 | 8 | 1.78% | 4,547.73 | 237.85 |
| 2014 | 9 | -2.65% | 4,427.37 | 238.03 |
| 2014 | 10 | 5.71% | 4,679.98 | 237.43 |
| 2014 | 11 | 0.63% | 4,709.65 | 236.15 |
| 2014 | 12 | -1.11% | 4,657.37 | 234.81 |
| 2015 | 1 | 2.83% | 4,789.05 | 233.71 |
| 2015 | 2 | 0.06% | 4,791.70 | 234.72 |
| 2015 | 3 | 0.88% | 4,833.79 | 236.12 |
| 2015 | 4 | 0.98% | 4,881.11 | 236.60 |
| 2015 | 5 | -0.44% | 4,859.86 | 237.81 |
| 2015 | 6 | -0.08% | 4,855.99 | 238.64 |
| 2015 | 7 | -2.42% | 4,738.26 | 238.65 |
| 2015 | 8 | -4.51% | 4,524.70 | 238.32 |
| 2015 | 9 | 4.32% | 4,720.04 | 237.95 |
| 2015 | 10 | 2.93% | 4,858.45 | 237.84 |
| 2015 | 11 | -1.10% | 4,804.86 | 237.34 |
| 2015 | 12 | -6.42% | 4,496.41 | 236.53 |
| 2016 | 1 | -0.55% | 4,471.68 | 236.92 |
| 2016 | 2 | 6.36% | 4,756.20 | 237.11 |
| 2016 | 3 | 2.83% | 4,890.86 | 238.13 |
| 2016 | 4 | -0.30% | 4,875.98 | 239.26 |
| 2016 | 5 | 1.07% | 4,927.98 | 240.23 |
| 2016 | 6 | 3.30% | 5,090.48 | 241.02 |
| 2016 | 7 | 1.20% | 5,151.52 | 240.63 |
| 2016 | 8 | -0.44% | 5,128.93 | 240.85 |
| 2016 | 9 | -0.51% | 5,102.97 | 241.43 |
| 2016 | 10 | 1.20% | 5,164.27 | 241.73 |
| 2016 | 11 | 3.95% | 5,368.05 | 241.35 |
| 2016 | 12 | 1.44% | 5,445.22 | 241.43 |
| 2017 | 1 | 2.58% | 5,585.52 | 242.84 |
| 2017 | 2 | 1.75% | 5,683.22 | 243.60 |
| 2017 | 3 | -0.15% | 5,674.47 | 243.80 |
| 2017 | 4 | 1.69% | 5,770.50 | 244.52 |
| 2017 | 5 | 1.78% | 5,873.01 | 244.73 |
| 2017 | 6 | 0.99% | 5,931.03 | 244.96 |
| 2017 | 7 | 0.25% | 5,945.73 | 244.79 |
| 2017 | 8 | 1.65% | 6,044.03 | 245.52 |
| 2017 | 9 | 2.73% | 6,209.32 | 246.82 |
| 2017 | 10 | 1.59% | 6,308.02 | 246.66 |
| 2017 | 11 | 2.88% | 6,489.91 | 246.67 |
| 2017 | 12 | 4.86% | 6,805.44 | 246.52 |
| 2018 | 1 | -2.89% | 6,608.99 | 247.87 |
| 2018 | 2 | 0.06% | 6,613.26 | 248.99 |
| 2018 | 3 | -1.66% | 6,503.22 | 249.55 |
| 2018 | 4 | 1.96% | 6,630.78 | 250.55 |
| 2018 | 5 | 2.11% | 6,770.89 | 251.59 |
| 2018 | 6 | 1.58% | 6,877.92 | 251.99 |
| 2018 | 7 | 2.45% | 7,046.49 | 252.01 |
| 2018 | 8 | 1.68% | 7,164.85 | 252.15 |
| 2018 | 9 | -3.85% | 6,889.07 | 252.44 |
| 2018 | 10 | -2.08% | 6,746.05 | 252.89 |
| 2018 | 11 | -5.56% | 6,370.80 | 252.04 |
| 2018 | 12 | 1.74% | 6,481.37 | 251.23 |
| 2019 | 1 | 5.83% | 6,859.17 | 251.71 |
| 2019 | 2 | 1.95% | 6,992.78 | 252.78 |
| 2019 | 3 | 3.72% | 7,253.14 | 254.20 |
| 2019 | 4 | -1.53% | 7,142.04 | 255.55 |
| 2019 | 5 | 1.40% | 7,242.37 | 256.09 |
| 2019 | 6 | 3.83% | 7,519.56 | 256.14 |
| 2019 | 7 | -3.13% | 7,283.86 | 256.57 |
| 2019 | 8 | 3.09% | 7,508.59 | 256.56 |
| 2019 | 9 | 0.01% | 7,509.32 | 256.76 |
| 2019 | 10 | 4.43% | 7,842.26 | 257.35 |
| 2019 | 11 | 2.47% | 8,035.91 | 257.21 |
| 2019 | 12 | 3.35% | 8,304.83 | 256.97 |
| 2020 | 1 | 0.12% | 8,314.97 | 257.97 |
| 2020 | 2 | -18.92% | 6,741.96 | 258.68 |
| 2020 | 3 | 4.32% | 7,033.12 | 258.12 |
| 2020 | 4 | 5.89% | 7,447.19 | 256.39 |
| 2020 | 5 | 6.51% | 7,931.87 | 256.39 |
| 2020 | 6 | 3.48% | 8,207.62 | 257.80 |
| 2020 | 7 | 5.89% | 8,691.34 | 259.10 |
| 2020 | 8 | -0.63% | 8,636.84 | 259.92 |
| 2020 | 9 | 1.73% | 8,785.91 | 260.28 |
| 2020 | 10 | 3.95% | 9,133.32 | 260.39 |
| 2020 | 11 | 4.26% | 9,522.40 | 260.23 |
| 2020 | 12 | 2.80% | 9,788.58 | 260.47 |
| 2021 | 1 | 2.49% | 10,032.47 | 261.58 |
| 2021 | 2 | 0.82% | 10,114.87 | 263.01 |
| 2021 | 3 | 6.02% | 10,723.94 | 264.88 |
| 2021 | 4 | 0.76% | 10,805.46 | 267.05 |
| 2021 | 5 | 1.81% | 11,001.09 | 269.20 |
| 2021 | 6 | 3.07% | 11,338.62 | 271.70 |
| 2021 | 7 | 2.19% | 11,586.39 | 273.00 |
| 2021 | 8 | -0.08% | 11,576.60 | 273.57 |
| 2021 | 9 | 0.45% | 11,628.95 | 274.31 |
| 2021 | 10 | 4.74% | 12,180.71 | 276.59 |
| 2021 | 11 | 0.27% | 12,213.04 | 277.95 |
| 2021 | 12 | -2.05% | 11,962.43 | 278.80 |
| 2022 | 1 | -2.90% | 11,615.22 | 281.15 |
| 2022 | 2 | -0.89% | 11,511.54 | 283.72 |
| 2022 | 3 | 0.12% | 11,525.16 | 287.50 |
| 2022 | 4 | -7.87% | 10,617.81 | 289.11 |
| 2022 | 5 | -3.37% | 10,260.06 | 292.30 |
| 2022 | 6 | 0.46% | 10,307.74 | 296.31 |
| 2022 | 7 | 6.45% | 10,972.32 | 296.28 |
| 2022 | 8 | -7.28% | 10,173.82 | 296.17 |
| 2022 | 9 | -3.09% | 9,859.33 | 296.81 |
| 2022 | 10 | 5.29% | 10,380.40 | 298.01 |
| 2022 | 11 | 0.01% | 10,381.53 | 297.71 |
| 2022 | 12 | 1.38% | 10,524.42 | 296.80 |
| 2023 | 1 | 3.15% | 10,855.62 | 299.17 |
| 2023 | 2 | -2.59% | 10,574.96 | 300.84 |
| 2023 | 3 | 4.00% | 10,997.56 | 301.84 |
| 2023 | 4 | 0.74% | 11,078.69 | 303.36 |
| 2023 | 5 | 4.94% | 11,626.22 | 304.13 |
| 2023 | 6 | 3.88% | 12,076.85 | 305.11 |
| 2023 | 7 | -1.00% | 11,956.37 | 305.69 |
| 2023 | 8 | -0.95% | 11,842.36 | 307.03 |
| 2023 | 9 | -3.04% | 11,482.67 | 307.79 |
| 2023 | 10 | 4.60% | 12,011.07 | 307.67 |
| 2023 | 11 | 5.18% | 12,632.67 | 307.05 |
| 2023 | 12 | 2.91% | 13,000.51 | 306.75 |
| 2024 | 1 | 4.20% | 13,546.44 | 308.42 |
| 2024 | 2 | 3.28% | 13,991.05 | 310.33 |
| 2024 | 3 | -1.01% | 13,849.86 | 312.33 |
| 2024 | 4 | 2.40% | 14,182.35 | 313.55 |
| 2024 | 5 | 0.92% | 14,312.86 | 314.07 |
Click to show 522 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 1980. This would result in a final amount of $12,310.64, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $14,312.86).
| Year | Month | Contribution ($) | Amount ($) |
|---|---|---|---|
| 1980 | 1 | 4.16 | 4.33 |
| 1980 | 2 | 4.16 | 7.72 |
| 1980 | 3 | 4.16 | 11.73 |
| 1980 | 4 | 4.16 | 16.67 |
| 1980 | 5 | 4.16 | 22.24 |
| 1980 | 6 | 4.16 | 27.69 |
| 1980 | 7 | 4.16 | 32.95 |
| 1980 | 8 | 4.16 | 38.14 |
| 1980 | 9 | 4.16 | 43.69 |
| 1980 | 10 | 4.16 | 50.05 |
| 1980 | 11 | 4.16 | 53.52 |
| 1980 | 12 | 4.16 | 57.67 |
| 1981 | 1 | 4.16 | 59.91 |
| 1981 | 2 | 4.16 | 66.71 |
| 1981 | 3 | 4.16 | 71.77 |
| 1981 | 4 | 4.16 | 74.69 |
| 1981 | 5 | 4.16 | 79.50 |
| 1981 | 6 | 4.16 | 81.96 |
| 1981 | 7 | 4.16 | 86.80 |
| 1981 | 8 | 4.16 | 83.39 |
| 1981 | 9 | 4.16 | 89.04 |
| 1981 | 10 | 4.16 | 96.02 |
| 1981 | 11 | 4.16 | 101.34 |
| 1981 | 12 | 4.32 | 100.56 |
| 1982 | 1 | - | 98.64 |
| 1982 | 2 | - | 95.93 |
| 1982 | 3 | - | 101.18 |
| 1982 | 4 | - | 101.76 |
| 1982 | 5 | - | 96.39 |
| 1982 | 6 | - | 96.63 |
| 1982 | 7 | - | 97.39 |
| 1982 | 8 | - | 109.18 |
| 1982 | 9 | - | 118.87 |
| 1982 | 10 | - | 124.22 |
| 1982 | 11 | - | 125.91 |
| 1982 | 12 | - | 130.85 |
| 1983 | 1 | - | 133.64 |
| 1983 | 2 | - | 138.80 |
| 1983 | 3 | - | 144.63 |
| 1983 | 4 | - | 151.03 |
| 1983 | 5 | - | 153.67 |
| 1983 | 6 | - | 154.76 |
| 1983 | 7 | - | 151.04 |
| 1983 | 8 | - | 156.04 |
| 1983 | 9 | - | 157.05 |
| 1983 | 10 | - | 155.26 |
| 1983 | 11 | - | 155.06 |
| 1983 | 12 | - | 157.50 |
| 1984 | 1 | - | 149.45 |
| 1984 | 2 | - | 150.11 |
| 1984 | 3 | - | 150.88 |
| 1984 | 4 | - | 150.49 |
| 1984 | 5 | - | 147.71 |
| 1984 | 6 | - | 146.37 |
| 1984 | 7 | - | 159.85 |
| 1984 | 8 | - | 162.10 |
| 1984 | 9 | - | 161.43 |
| 1984 | 10 | - | 163.50 |
| 1984 | 11 | - | 162.35 |
| 1984 | 12 | - | 169.97 |
| 1985 | 1 | - | 179.81 |
| 1985 | 2 | - | 178.95 |
| 1985 | 3 | - | 180.78 |
| 1985 | 4 | - | 185.73 |
| 1985 | 5 | - | 190.39 |
| 1985 | 6 | - | 194.67 |
| 1985 | 7 | - | 191.08 |
| 1985 | 8 | - | 187.48 |
| 1985 | 9 | - | 190.28 |
| 1985 | 10 | - | 202.50 |
| 1985 | 11 | - | 213.22 |
| 1985 | 12 | - | 214.82 |
| 1986 | 1 | - | 227.06 |
| 1986 | 2 | - | 241.10 |
| 1986 | 3 | - | 247.71 |
| 1986 | 4 | - | 248.93 |
| 1986 | 5 | - | 256.73 |
| 1986 | 6 | - | 252.10 |
| 1986 | 7 | - | 257.84 |
| 1986 | 8 | - | 251.51 |
| 1986 | 9 | - | 251.29 |
| 1986 | 10 | - | 260.16 |
| 1986 | 11 | - | 264.61 |
| 1986 | 12 | - | 282.27 |
| 1987 | 1 | - | 300.51 |
| 1987 | 2 | - | 313.66 |
| 1987 | 3 | - | 310.97 |
| 1987 | 4 | - | 311.51 |
| 1987 | 5 | - | 325.52 |
| 1987 | 6 | - | 335.69 |
| 1987 | 7 | - | 357.35 |
| 1987 | 8 | - | 346.52 |
| 1987 | 9 | - | 305.45 |
| 1987 | 10 | - | 267.87 |
| 1987 | 11 | - | 264.29 |
| 1987 | 12 | - | 275.51 |
| 1988 | 1 | - | 284.68 |
| 1988 | 2 | - | 293.89 |
| 1988 | 3 | - | 291.28 |
| 1988 | 4 | - | 284.91 |
| 1988 | 5 | - | 302.00 |
| 1988 | 6 | - | 301.07 |
| 1988 | 7 | - | 295.90 |
| 1988 | 8 | - | 301.60 |
| 1988 | 9 | - | 313.06 |
| 1988 | 10 | - | 306.74 |
| 1988 | 11 | - | 313.87 |
| 1988 | 12 | - | 324.90 |
| 1989 | 1 | - | 335.62 |
| 1989 | 2 | - | 335.08 |
| 1989 | 3 | - | 347.02 |
| 1989 | 4 | - | 361.30 |
| 1989 | 5 | - | 373.56 |
| 1989 | 6 | - | 384.02 |
| 1989 | 7 | - | 402.04 |
| 1989 | 8 | - | 403.87 |
| 1989 | 9 | - | 405.02 |
| 1989 | 10 | - | 397.68 |
| 1989 | 11 | - | 408.56 |
| 1989 | 12 | - | 399.53 |
| 1990 | 1 | - | 389.43 |
| 1990 | 2 | - | 399.97 |
| 1990 | 3 | - | 400.76 |
| 1990 | 4 | - | 416.19 |
| 1990 | 5 | - | 429.38 |
| 1990 | 6 | - | 430.11 |
| 1990 | 7 | - | 396.30 |
| 1990 | 8 | - | 379.10 |
| 1990 | 9 | - | 370.32 |
| 1990 | 10 | - | 381.37 |
| 1990 | 11 | - | 398.86 |
| 1990 | 12 | - | 396.13 |
| 1991 | 1 | - | 442.10 |
| 1991 | 2 | - | 455.56 |
| 1991 | 3 | - | 465.85 |
| 1991 | 4 | - | 465.02 |
| 1991 | 5 | - | 466.63 |
| 1991 | 6 | - | 470.28 |
| 1991 | 7 | - | 482.87 |
| 1991 | 8 | - | 481.41 |
| 1991 | 9 | - | 482.29 |
| 1991 | 10 | - | 482.36 |
| 1991 | 11 | - | 486.87 |
| 1991 | 12 | - | 522.70 |
| 1992 | 1 | - | 519.56 |
| 1992 | 2 | - | 514.30 |
| 1992 | 3 | - | 515.66 |
| 1992 | 4 | - | 526.32 |
| 1992 | 5 | - | 519.33 |
| 1992 | 6 | - | 529.26 |
| 1992 | 7 | - | 534.24 |
| 1992 | 8 | - | 536.26 |
| 1992 | 9 | - | 529.92 |
| 1992 | 10 | - | 544.53 |
| 1992 | 11 | - | 562.34 |
| 1992 | 12 | - | 563.15 |
| 1993 | 1 | - | 572.86 |
| 1993 | 2 | - | 585.17 |
| 1993 | 3 | - | 577.32 |
| 1993 | 4 | - | 581.51 |
| 1993 | 5 | - | 586.54 |
| 1993 | 6 | - | 586.90 |
| 1993 | 7 | - | 597.24 |
| 1993 | 8 | - | 605.33 |
| 1993 | 9 | - | 612.85 |
| 1993 | 10 | - | 612.90 |
| 1993 | 11 | - | 618.33 |
| 1993 | 12 | - | 629.07 |
| 1994 | 1 | - | 628.59 |
| 1994 | 2 | - | 619.64 |
| 1994 | 3 | - | 598.90 |
| 1994 | 4 | - | 605.24 |
| 1994 | 5 | - | 611.95 |
| 1994 | 6 | - | 608.77 |
| 1994 | 7 | - | 627.54 |
| 1994 | 8 | - | 632.67 |
| 1994 | 9 | - | 629.86 |
| 1994 | 10 | - | 627.53 |
| 1994 | 11 | - | 621.09 |
| 1994 | 12 | - | 636.32 |
| 1995 | 1 | - | 660.62 |
| 1995 | 2 | - | 677.52 |
| 1995 | 3 | - | 699.30 |
| 1995 | 4 | - | 722.71 |
| 1995 | 5 | - | 745.68 |
| 1995 | 6 | - | 772.14 |
| 1995 | 7 | - | 776.10 |
| 1995 | 8 | - | 804.95 |
| 1995 | 9 | - | 812.30 |
| 1995 | 10 | - | 831.45 |
| 1995 | 11 | - | 859.63 |
| 1995 | 12 | - | 861.03 |
| 1996 | 1 | - | 911.87 |
| 1996 | 2 | - | 910.04 |
| 1996 | 3 | - | 911.83 |
| 1996 | 4 | - | 933.31 |
| 1996 | 5 | - | 945.24 |
| 1996 | 6 | - | 912.38 |
| 1996 | 7 | - | 940.44 |
| 1996 | 8 | - | 959.47 |
| 1996 | 9 | - | 999.00 |
| 1996 | 10 | - | 1,049.47 |
| 1996 | 11 | - | 1,062.04 |
| 1996 | 12 | - | 1,096.64 |
| 1997 | 1 | - | 1,144.46 |
| 1997 | 2 | - | 1,137.33 |
| 1997 | 3 | - | 1,098.60 |
| 1997 | 4 | - | 1,199.86 |
| 1997 | 5 | - | 1,263.90 |
| 1997 | 6 | - | 1,336.40 |
| 1997 | 7 | - | 1,341.04 |
| 1997 | 8 | - | 1,357.03 |
| 1997 | 9 | - | 1,379.36 |
| 1997 | 10 | - | 1,363.47 |
| 1997 | 11 | - | 1,399.39 |
| 1997 | 12 | - | 1,402.71 |
| 1998 | 1 | - | 1,492.51 |
| 1998 | 2 | - | 1,571.80 |
| 1998 | 3 | - | 1,625.34 |
| 1998 | 4 | - | 1,621.73 |
| 1998 | 5 | - | 1,623.62 |
| 1998 | 6 | - | 1,696.16 |
| 1998 | 7 | - | 1,577.92 |
| 1998 | 8 | - | 1,500.62 |
| 1998 | 9 | - | 1,519.99 |
| 1998 | 10 | - | 1,686.80 |
| 1998 | 11 | - | 1,756.03 |
| 1998 | 12 | - | 1,844.67 |
| 1999 | 1 | - | 1,843.44 |
| 1999 | 2 | - | 1,897.33 |
| 1999 | 3 | - | 1,977.97 |
| 1999 | 4 | - | 1,976.02 |
| 1999 | 5 | - | 1,963.93 |
| 1999 | 6 | - | 2,052.74 |
| 1999 | 7 | - | 1,975.27 |
| 1999 | 8 | - | 1,963.45 |
| 1999 | 9 | - | 1,938.47 |
| 1999 | 10 | - | 2,076.22 |
| 1999 | 11 | - | 2,134.53 |
| 1999 | 12 | - | 2,131.99 |
| 2000 | 1 | - | 2,079.16 |
| 2000 | 2 | - | 2,161.10 |
| 2000 | 3 | - | 2,191.89 |
| 2000 | 4 | - | 2,129.66 |
| 2000 | 5 | - | 2,197.04 |
| 2000 | 6 | - | 2,215.72 |
| 2000 | 7 | - | 2,236.54 |
| 2000 | 8 | - | 2,212.39 |
| 2000 | 9 | - | 2,097.03 |
| 2000 | 10 | - | 2,080.83 |
| 2000 | 11 | - | 2,011.75 |
| 2000 | 12 | - | 2,020.90 |
| 2001 | 1 | - | 1,977.73 |
| 2001 | 2 | - | 1,798.15 |
| 2001 | 3 | - | 1,806.22 |
| 2001 | 4 | - | 1,930.48 |
| 2001 | 5 | - | 1,884.36 |
| 2001 | 6 | - | 1,834.24 |
| 2001 | 7 | - | 1,796.71 |
| 2001 | 8 | - | 1,594.63 |
| 2001 | 9 | - | 1,645.40 |
| 2001 | 10 | - | 1,728.55 |
| 2001 | 11 | - | 1,753.89 |
| 2001 | 12 | - | 1,748.67 |
| 2002 | 1 | - | 1,690.04 |
| 2002 | 2 | - | 1,773.62 |
| 2002 | 3 | - | 1,711.28 |
| 2002 | 4 | - | 1,663.02 |
| 2002 | 5 | - | 1,564.55 |
| 2002 | 6 | - | 1,396.23 |
| 2002 | 7 | - | 1,412.13 |
| 2002 | 8 | - | 1,344.94 |
| 2002 | 9 | - | 1,326.56 |
| 2002 | 10 | - | 1,414.45 |
| 2002 | 11 | - | 1,399.81 |
| 2002 | 12 | - | 1,396.70 |
| 2003 | 1 | - | 1,307.10 |
| 2003 | 2 | - | 1,324.19 |
| 2003 | 3 | - | 1,394.19 |
| 2003 | 4 | - | 1,468.25 |
| 2003 | 5 | - | 1,552.00 |
| 2003 | 6 | - | 1,561.25 |
| 2003 | 7 | - | 1,558.66 |
| 2003 | 8 | - | 1,607.93 |
| 2003 | 9 | - | 1,640.53 |
| 2003 | 10 | - | 1,660.39 |
| 2003 | 11 | - | 1,711.27 |
| 2003 | 12 | - | 1,795.72 |
| 2004 | 1 | - | 1,815.23 |
| 2004 | 2 | - | 1,786.82 |
| 2004 | 3 | - | 1,804.12 |
| 2004 | 4 | - | 1,757.85 |
| 2004 | 5 | - | 1,808.09 |
| 2004 | 6 | - | 1,767.61 |
| 2004 | 7 | - | 1,743.08 |
| 2004 | 8 | - | 1,791.58 |
| 2004 | 9 | - | 1,793.42 |
| 2004 | 10 | - | 1,879.04 |
| 2004 | 11 | - | 1,930.29 |
| 2004 | 12 | - | 1,904.25 |
| 2005 | 1 | - | 1,936.26 |
| 2005 | 2 | - | 1,931.31 |
| 2005 | 3 | - | 1,884.79 |
| 2005 | 4 | - | 1,909.97 |
| 2005 | 5 | - | 1,951.62 |
| 2005 | 6 | - | 1,986.90 |
| 2005 | 7 | - | 1,993.06 |
| 2005 | 8 | - | 1,998.63 |
| 2005 | 9 | - | 1,946.18 |
| 2005 | 10 | - | 2,023.28 |
| 2005 | 11 | - | 2,066.66 |
| 2005 | 12 | - | 2,096.98 |
| 2006 | 1 | - | 2,096.63 |
| 2006 | 2 | - | 2,127.79 |
| 2006 | 3 | - | 2,144.77 |
| 2006 | 4 | - | 2,127.90 |
| 2006 | 5 | - | 2,070.32 |
| 2006 | 6 | - | 2,085.23 |
| 2006 | 7 | - | 2,133.02 |
| 2006 | 8 | - | 2,187.01 |
| 2006 | 9 | - | 2,266.09 |
| 2006 | 10 | - | 2,311.45 |
| 2006 | 11 | - | 2,361.11 |
| 2006 | 12 | - | 2,377.46 |
| 2007 | 1 | - | 2,415.41 |
| 2007 | 2 | - | 2,355.66 |
| 2007 | 3 | - | 2,454.13 |
| 2007 | 4 | - | 2,537.37 |
| 2007 | 5 | - | 2,546.12 |
| 2007 | 6 | - | 2,560.75 |
| 2007 | 7 | - | 2,453.17 |
| 2007 | 8 | - | 2,528.60 |
| 2007 | 9 | - | 2,604.24 |
| 2007 | 10 | - | 2,479.08 |
| 2007 | 11 | - | 2,509.77 |
| 2007 | 12 | - | 2,343.24 |
| 2008 | 1 | - | 2,306.60 |
| 2008 | 2 | - | 2,246.01 |
| 2008 | 3 | - | 2,341.33 |
| 2008 | 4 | - | 2,401.33 |
| 2008 | 5 | - | 2,299.35 |
| 2008 | 6 | - | 2,159.59 |
| 2008 | 7 | - | 2,205.16 |
| 2008 | 8 | - | 2,098.27 |
| 2008 | 9 | - | 1,674.55 |
| 2008 | 10 | - | 1,530.45 |
| 2008 | 11 | - | 1,525.08 |
| 2008 | 12 | - | 1,508.37 |
| 2009 | 1 | - | 1,407.27 |
| 2009 | 2 | - | 1,327.23 |
| 2009 | 3 | - | 1,490.77 |
| 2009 | 4 | - | 1,590.05 |
| 2009 | 5 | - | 1,635.67 |
| 2009 | 6 | - | 1,656.57 |
| 2009 | 7 | - | 1,791.09 |
| 2009 | 8 | - | 1,856.47 |
| 2009 | 9 | - | 1,901.09 |
| 2009 | 10 | - | 1,940.90 |
| 2009 | 11 | - | 1,984.10 |
| 2009 | 12 | - | 2,011.03 |
| 2010 | 1 | - | 1,952.74 |
| 2010 | 2 | - | 2,068.79 |
| 2010 | 3 | - | 2,153.36 |
| 2010 | 4 | - | 2,026.69 |
| 2010 | 5 | - | 1,954.87 |
| 2010 | 6 | - | 1,951.77 |
| 2010 | 7 | - | 1,968.62 |
| 2010 | 8 | - | 2,034.99 |
| 2010 | 9 | - | 2,128.14 |
| 2010 | 10 | - | 2,181.15 |
| 2010 | 11 | - | 2,262.15 |
| 2010 | 12 | - | 2,340.47 |
| 2011 | 1 | - | 2,414.21 |
| 2011 | 2 | - | 2,387.36 |
| 2011 | 3 | - | 2,440.38 |
| 2011 | 4 | - | 2,456.47 |
| 2011 | 5 | - | 2,366.50 |
| 2011 | 6 | - | 2,439.90 |
| 2011 | 7 | - | 2,186.13 |
| 2011 | 8 | - | 2,168.88 |
| 2011 | 9 | - | 2,234.36 |
| 2011 | 10 | - | 2,273.84 |
| 2011 | 11 | - | 2,309.19 |
| 2011 | 12 | - | 2,419.63 |
| 2012 | 1 | - | 2,520.35 |
| 2012 | 2 | - | 2,593.03 |
| 2012 | 3 | - | 2,592.04 |
| 2012 | 4 | - | 2,511.92 |
| 2012 | 5 | - | 2,482.98 |
| 2012 | 6 | - | 2,555.51 |
| 2012 | 7 | - | 2,642.08 |
| 2012 | 8 | - | 2,721.90 |
| 2012 | 9 | - | 2,715.99 |
| 2012 | 10 | - | 2,638.92 |
| 2012 | 11 | - | 2,696.33 |
| 2012 | 12 | - | 2,811.43 |
| 2013 | 1 | - | 2,877.03 |
| 2013 | 2 | - | 2,955.35 |
| 2013 | 3 | - | 2,998.32 |
| 2013 | 4 | - | 3,135.47 |
| 2013 | 5 | - | 3,100.42 |
| 2013 | 6 | - | 3,201.32 |
| 2013 | 7 | - | 3,209.41 |
| 2013 | 8 | - | 3,247.68 |
| 2013 | 9 | - | 3,316.45 |
| 2013 | 10 | - | 3,444.46 |
| 2013 | 11 | - | 3,496.88 |
| 2013 | 12 | - | 3,530.72 |
| 2014 | 1 | - | 3,526.13 |
| 2014 | 2 | - | 3,622.12 |
| 2014 | 3 | - | 3,629.43 |
| 2014 | 4 | - | 3,685.03 |
| 2014 | 5 | - | 3,802.82 |
| 2014 | 6 | - | 3,859.70 |
| 2014 | 7 | - | 3,843.22 |
| 2014 | 8 | - | 3,911.55 |
| 2014 | 9 | - | 3,808.03 |
| 2014 | 10 | - | 4,025.30 |
| 2014 | 11 | - | 4,050.82 |
| 2014 | 12 | - | 4,005.85 |
| 2015 | 1 | - | 4,119.12 |
| 2015 | 2 | - | 4,121.40 |
| 2015 | 3 | - | 4,157.60 |
| 2015 | 4 | - | 4,198.30 |
| 2015 | 5 | - | 4,180.01 |
| 2015 | 6 | - | 4,176.69 |
| 2015 | 7 | - | 4,075.43 |
| 2015 | 8 | - | 3,891.74 |
| 2015 | 9 | - | 4,059.75 |
| 2015 | 10 | - | 4,178.80 |
| 2015 | 11 | - | 4,132.71 |
| 2015 | 12 | - | 3,867.41 |
| 2016 | 1 | - | 3,846.14 |
| 2016 | 2 | - | 4,090.86 |
| 2016 | 3 | - | 4,206.68 |
| 2016 | 4 | - | 4,193.88 |
| 2016 | 5 | - | 4,238.61 |
| 2016 | 6 | - | 4,378.37 |
| 2016 | 7 | - | 4,430.88 |
| 2016 | 8 | - | 4,411.44 |
| 2016 | 9 | - | 4,389.12 |
| 2016 | 10 | - | 4,441.84 |
| 2016 | 11 | - | 4,617.12 |
| 2016 | 12 | - | 4,683.50 |
| 2017 | 1 | - | 4,804.16 |
| 2017 | 2 | - | 4,888.20 |
| 2017 | 3 | - | 4,880.67 |
| 2017 | 4 | - | 4,963.27 |
| 2017 | 5 | - | 5,051.44 |
| 2017 | 6 | - | 5,101.34 |
| 2017 | 7 | - | 5,113.98 |
| 2017 | 8 | - | 5,198.53 |
| 2017 | 9 | - | 5,340.70 |
| 2017 | 10 | - | 5,425.59 |
| 2017 | 11 | - | 5,582.04 |
| 2017 | 12 | - | 5,853.43 |
| 2018 | 1 | - | 5,684.46 |
| 2018 | 2 | - | 5,688.13 |
| 2018 | 3 | - | 5,593.49 |
| 2018 | 4 | - | 5,703.21 |
| 2018 | 5 | - | 5,823.72 |
| 2018 | 6 | - | 5,915.77 |
| 2018 | 7 | - | 6,060.76 |
| 2018 | 8 | - | 6,162.56 |
| 2018 | 9 | - | 5,925.37 |
| 2018 | 10 | - | 5,802.35 |
| 2018 | 11 | - | 5,479.59 |
| 2018 | 12 | - | 5,574.70 |
| 2019 | 1 | - | 5,899.64 |
| 2019 | 2 | - | 6,014.57 |
| 2019 | 3 | - | 6,238.51 |
| 2019 | 4 | - | 6,142.94 |
| 2019 | 5 | - | 6,229.24 |
| 2019 | 6 | - | 6,467.65 |
| 2019 | 7 | - | 6,264.93 |
| 2019 | 8 | - | 6,458.22 |
| 2019 | 9 | - | 6,458.85 |
| 2019 | 10 | - | 6,745.21 |
| 2019 | 11 | - | 6,911.78 |
| 2019 | 12 | - | 7,143.07 |
| 2020 | 1 | - | 7,151.79 |
| 2020 | 2 | - | 5,798.84 |
| 2020 | 3 | - | 6,049.27 |
| 2020 | 4 | - | 6,405.41 |
| 2020 | 5 | - | 6,822.29 |
| 2020 | 6 | - | 7,059.46 |
| 2020 | 7 | - | 7,475.51 |
| 2020 | 8 | - | 7,428.64 |
| 2020 | 9 | - | 7,556.86 |
| 2020 | 10 | - | 7,855.67 |
| 2020 | 11 | - | 8,190.32 |
| 2020 | 12 | - | 8,419.27 |
| 2021 | 1 | - | 8,629.04 |
| 2021 | 2 | - | 8,699.91 |
| 2021 | 3 | - | 9,223.77 |
| 2021 | 4 | - | 9,293.90 |
| 2021 | 5 | - | 9,462.16 |
| 2021 | 6 | - | 9,752.47 |
| 2021 | 7 | - | 9,965.58 |
| 2021 | 8 | - | 9,957.16 |
| 2021 | 9 | - | 10,002.18 |
| 2021 | 10 | - | 10,476.76 |
| 2021 | 11 | - | 10,504.57 |
| 2021 | 12 | - | 10,289.02 |
| 2022 | 1 | - | 9,990.37 |
| 2022 | 2 | - | 9,901.20 |
| 2022 | 3 | - | 9,912.91 |
| 2022 | 4 | - | 9,132.50 |
| 2022 | 5 | - | 8,824.79 |
| 2022 | 6 | - | 8,865.80 |
| 2022 | 7 | - | 9,437.41 |
| 2022 | 8 | - | 8,750.61 |
| 2022 | 9 | - | 8,480.11 |
| 2022 | 10 | - | 8,928.30 |
| 2022 | 11 | - | 8,929.26 |
| 2022 | 12 | - | 9,052.17 |
| 2023 | 1 | - | 9,337.04 |
| 2023 | 2 | - | 9,095.64 |
| 2023 | 3 | - | 9,459.12 |
| 2023 | 4 | - | 9,528.90 |
| 2023 | 5 | - | 9,999.83 |
| 2023 | 6 | - | 10,387.43 |
| 2023 | 7 | - | 10,283.80 |
| 2023 | 8 | - | 10,185.74 |
| 2023 | 9 | - | 9,876.37 |
| 2023 | 10 | - | 10,330.85 |
| 2023 | 11 | - | 10,865.50 |
| 2023 | 12 | - | 11,181.88 |
| 2024 | 1 | - | 11,651.44 |
| 2024 | 2 | - | 12,033.85 |
| 2024 | 3 | - | 11,912.42 |
| 2024 | 4 | - | 12,198.39 |
| 2024 | 5 | - | 12,310.64 |
Click to show 522 more rows
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.
