S&P 500 Returns since 1965 (2024)

Stock market returns since 1965

If you invested $100 in the S&P 500 at the beginning of 1965, you would have about $24,931.97 at the end of 2023, assuming you reinvested all dividends. This is a return on investment of 24,831.97%, or 9.97% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 2,510.55% cumulatively, or 5.78% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $24,052.31.

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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Adjusting stock market return for inflation

The nominal return on investment of $100 is $24,831.97, or 24,831.97%. This means by 2023 you would have $24,931.97 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 1965 was 31.500 and the CPI in 2023 was 300.840.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 58 years.

Adjusted for inflation, the $24,931.97 nominal end value of the original $100 investment would have a real return of roughly $2,510.55 in 1965 dollars. This means the inflation-adjusted return is 2,510.55% as opposed to the original 24,831.97%.

For more information on inflation, see our U.S. inflation calculator for 1965.

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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 697-month period between 1965 and 2023.

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

Year	Month	Return (%)	Amount ($)	CPI
1965	1	0.98%	100.98	31.20
1965	2	0.34%	101.31	31.20
1965	3	1.56%	102.89	31.30
1965	4	1.73%	104.67	31.40
1965	5	-4.51%	99.96	31.40
1965	6	0.10%	100.06	31.60
1965	7	2.12%	102.18	31.60
1965	8	3.60%	105.85	31.60
1965	9	2.50%	108.50	31.60
1965	10	1.08%	109.66	31.70
1965	11	-0.21%	109.43	31.70
1965	12	1.98%	111.60	31.80
1966	1	-0.43%	111.12	31.80
1966	2	-3.86%	106.83	32.00
1966	3	3.32%	110.37	32.10
1966	4	-5.01%	104.85	32.30
1966	5	-0.56%	104.26	32.30
1966	6	0.02%	104.28	32.40
1966	7	-5.77%	98.26	32.50
1966	8	-3.22%	95.10	32.70
1966	9	-0.56%	94.56	32.70
1966	10	5.32%	99.59	32.90
1966	11	0.72%	100.30	32.90
1966	12	4.13%	104.44	32.90
1967	1	3.73%	108.34	32.90
1967	2	2.63%	111.19	32.90
1967	3	1.99%	113.40	33.00
1967	4	2.06%	115.74	33.10
1967	5	-0.99%	114.59	33.20
1967	6	1.99%	116.87	33.30
1967	7	1.85%	119.04	33.40
1967	8	1.65%	121.01	33.50
1967	9	0.10%	121.12	33.60
1967	10	-2.88%	117.63	33.70
1967	11	3.11%	121.29	33.80
1967	12	-0.02%	121.27	33.90
1968	1	-4.26%	116.11	34.10
1968	2	-1.56%	114.30	34.20
1968	3	7.66%	123.06	34.30
1968	4	2.56%	126.20	34.40
1968	5	2.94%	129.92	34.50
1968	6	0.05%	129.98	34.70
1968	7	-1.93%	127.47	34.90
1968	8	3.51%	131.94	35.00
1968	9	2.72%	135.52	35.10
1968	10	1.79%	137.94	35.30
1968	11	1.29%	139.72	35.40
1968	12	-3.99%	134.15	35.50
1969	1	-0.24%	133.83	35.60
1969	2	-1.91%	131.27	35.80
1969	3	2.27%	134.25	36.10
1969	4	3.51%	138.97	36.30
1969	5	-4.97%	132.06	36.40
1969	6	-4.21%	126.51	36.60
1969	7	-0.28%	126.15	36.80
1969	8	0.63%	126.94	37.00
1969	9	1.35%	128.65	37.10
1969	10	1.00%	129.93	37.30
1969	11	-5.03%	123.40	37.50
1969	12	-0.59%	122.67	37.70
1970	1	-3.20%	118.75	37.80
1970	2	2.01%	121.14	38.00
1970	3	-2.75%	117.81	38.20
1970	4	-11.20%	104.62	38.50
1970	5	-0.27%	104.34	38.60
1970	6	0.52%	104.88	38.80
1970	7	3.26%	108.30	39.00
1970	8	6.32%	115.14	39.00
1970	9	2.49%	118.01	39.20
1970	10	0.21%	118.25	39.40
1970	11	7.16%	126.72	39.60
1970	12	4.11%	131.93	39.80
1971	1	4.15%	137.40	39.80
1971	2	2.83%	141.30	39.90
1971	3	3.67%	146.49	40.00
1971	4	-1.11%	144.86	40.10
1971	5	-1.60%	142.55	40.30
1971	6	-0.46%	141.89	40.60
1971	7	-1.52%	139.74	40.70
1971	8	2.49%	143.21	40.80
1971	9	-1.86%	140.54	40.80
1971	10	-4.37%	134.40	40.90
1971	11	7.16%	144.03	40.90
1971	12	4.42%	150.40	41.10
1972	1	2.09%	153.54	41.10
1972	2	2.62%	157.56	41.30
1972	3	1.26%	159.54	41.40
1972	4	-0.78%	158.30	41.50
1972	5	0.52%	159.12	41.60
1972	6	-0.50%	158.32	41.70
1972	7	3.78%	164.31	41.90
1972	8	-1.21%	162.32	42.00
1972	9	0.42%	163.00	42.10
1972	10	5.25%	171.56	42.30
1972	11	2.31%	175.53	42.40
1972	12	0.99%	177.27	42.50
1973	1	-3.33%	171.37	42.60
1973	2	-1.35%	169.07	42.90
1973	3	-1.63%	166.30	43.30
1973	4	-2.57%	162.03	43.60
1973	5	-1.99%	158.81	43.90
1973	6	1.21%	160.73	44.20
1973	7	-1.64%	158.10	44.30
1973	8	2.00%	161.25	45.10
1973	9	4.24%	168.08	45.20
1973	10	-6.85%	156.57	45.60
1973	11	-6.81%	145.91	45.90
1973	12	1.70%	148.39	46.20
1974	1	-2.47%	144.72	46.60
1974	2	4.57%	151.34	47.20
1974	3	-4.82%	144.05	47.80
1974	4	-2.71%	140.16	48.00
1974	5	0.46%	140.80	48.60
1974	6	-11.35%	124.82	49.00
1974	7	-3.76%	120.12	49.40
1974	8	-10.01%	108.09	50.00
1974	9	2.38%	110.66	50.60
1974	10	3.74%	114.80	51.10
1974	11	-6.09%	107.81	51.50
1974	12	8.63%	117.12	51.90
1975	1	10.81%	129.78	52.10
1975	2	4.97%	136.23	52.50
1975	3	1.49%	138.26	52.70
1975	4	6.71%	147.54	52.90
1975	5	2.89%	151.81	53.20
1975	6	0.43%	152.46	53.60
1975	7	-7.00%	141.80	54.20
1975	8	-0.85%	140.59	54.30
1975	9	4.97%	147.58	54.60
1975	10	2.04%	150.59	54.90
1975	11	-1.18%	148.81	55.30
1975	12	9.55%	163.02	55.50
1976	1	4.18%	169.83	55.60
1976	2	0.80%	171.19	55.80
1976	3	1.10%	173.07	55.90
1976	4	-0.38%	172.40	56.10
1976	5	0.90%	173.96	56.50
1976	6	2.67%	178.59	56.80
1976	7	-0.56%	177.59	57.10
1976	8	2.44%	181.92	57.40
1976	9	-3.11%	176.27	57.60
1976	10	-0.37%	175.62	57.90
1976	11	3.79%	182.27	58.00
1976	12	-0.54%	181.29	58.20
1977	1	-2.37%	177.00	58.50
1977	2	-0.05%	176.90	59.10
1977	3	-1.19%	174.79	59.50
1977	4	0.06%	174.90	60.00
1977	5	0.90%	176.48	60.30
1977	6	1.28%	178.74	60.70
1977	7	-2.08%	175.02	61.00
1977	8	-1.18%	172.97	61.20
1977	9	-2.20%	169.16	61.40
1977	10	0.98%	170.82	61.60
1977	11	-0.08%	170.69	61.90
1977	12	-3.39%	164.90	62.10
1978	1	-0.97%	163.30	62.50
1978	2	0.27%	163.73	62.90
1978	3	4.83%	171.64	63.40
1978	4	5.50%	181.09	63.90
1978	5	0.67%	182.31	64.50
1978	6	-0.06%	182.19	65.20
1978	7	7.33%	195.55	65.70
1978	8	0.40%	196.33	66.00
1978	9	-2.77%	190.88	66.50
1978	10	-5.44%	180.50	67.10
1978	11	1.92%	183.97	67.40
1978	12	4.19%	191.67	67.70
1979	1	-1.06%	189.65	68.30
1979	2	2.34%	194.09	69.10
1979	3	2.43%	198.80	69.80
1979	4	-1.89%	195.04	70.60
1979	5	2.42%	199.76	71.50
1979	6	1.42%	202.59	72.30
1979	7	5.01%	212.75	73.10
1979	8	1.54%	216.03	73.80
1979	9	-3.35%	208.79	74.60
1979	10	-0.32%	208.12	75.20
1979	11	4.40%	217.28	75.90
1979	12	3.31%	224.48	76.70
1980	1	4.40%	234.35	77.80
1980	2	-8.78%	213.78	78.90
1980	3	-1.16%	211.29	80.10
1980	4	5.04%	221.93	81.00
1980	5	6.86%	237.16	81.80
1980	6	4.97%	248.95	82.70
1980	7	3.50%	257.67	82.70
1980	8	2.84%	264.98	83.30
1980	9	3.32%	273.79	84.00
1980	10	4.61%	286.42	84.80
1980	11	-1.24%	282.86	85.50
1980	12	0.01%	282.89	86.30
1981	1	-3.07%	274.20	87.00
1981	2	4.14%	285.56	87.90
1981	3	1.29%	289.26	88.50
1981	4	-1.62%	284.58	89.10
1981	5	0.86%	287.02	89.80
1981	6	-2.02%	281.23	90.60
1981	7	0.80%	283.49	91.60
1981	8	-8.30%	259.95	92.30
1981	9	1.73%	264.44	93.20
1981	10	3.04%	272.49	93.40
1981	11	1.18%	275.71	93.70
1981	12	-4.80%	262.46	94.00
1982	1	-1.91%	257.44	94.30
1982	2	-2.74%	250.37	94.60
1982	3	5.47%	264.07	94.50
1982	4	0.57%	265.57	94.90
1982	5	-5.27%	251.57	95.80
1982	6	0.24%	252.19	97.00
1982	7	0.79%	254.19	97.50
1982	8	12.10%	284.94	97.70
1982	9	8.88%	310.24	97.90
1982	10	4.50%	324.20	98.20
1982	11	1.36%	328.60	98.00
1982	12	3.93%	341.50	97.60
1983	1	2.13%	348.77	97.80
1983	2	3.87%	362.25	97.90
1983	3	4.20%	377.46	97.90
1983	4	4.42%	394.16	98.60
1983	5	1.75%	401.07	99.20
1983	6	0.71%	403.91	99.50
1983	7	-2.41%	394.19	99.90
1983	8	3.31%	407.25	100.20
1983	9	0.65%	409.89	100.70
1983	10	-1.14%	405.21	101.00
1983	11	-0.13%	404.69	101.20
1983	12	1.58%	411.07	101.30
1984	1	-5.11%	390.05	101.90
1984	2	0.44%	391.78	102.40
1984	3	0.51%	393.77	102.60
1984	4	-0.25%	392.77	103.10
1984	5	-1.85%	385.51	103.40
1984	6	-0.91%	382.01	103.70
1984	7	9.21%	417.18	104.10
1984	8	1.41%	423.05	104.50
1984	9	-0.41%	421.30	105.00
1984	10	1.29%	426.72	105.30
1984	11	-0.71%	423.70	105.30
1984	12	4.70%	443.61	105.30
1985	1	5.79%	469.28	105.50
1985	2	-0.48%	467.03	106.00
1985	3	1.02%	471.82	106.40
1985	4	2.74%	484.73	106.90
1985	5	2.51%	496.90	107.30
1985	6	2.25%	508.07	107.60
1985	7	-1.85%	498.69	107.80
1985	8	-1.88%	489.29	108.00
1985	9	1.50%	496.61	108.30
1985	10	6.42%	528.49	108.70
1985	11	5.29%	556.47	109.00
1985	12	0.75%	560.66	109.30
1986	1	5.70%	592.60	109.60
1986	2	6.18%	629.24	109.30
1986	3	2.74%	646.49	108.80
1986	4	0.49%	649.67	108.60
1986	5	3.13%	670.02	108.90
1986	6	-1.80%	657.94	109.50
1986	7	2.28%	672.94	109.50
1986	8	-2.46%	656.41	109.70
1986	9	-0.09%	655.82	110.20
1986	10	3.53%	678.99	110.30
1986	11	1.71%	690.60	110.40
1986	12	6.67%	736.68	110.50
1987	1	6.46%	784.29	111.20
1987	2	4.38%	818.61	111.60
1987	3	-0.86%	811.60	112.10
1987	4	0.17%	813.00	112.70
1987	5	4.50%	849.58	113.10
1987	6	3.12%	876.10	113.50
1987	7	6.45%	932.64	113.80
1987	8	-3.03%	904.38	114.40
1987	9	-11.85%	797.18	115.00
1987	10	-12.30%	699.10	115.30
1987	11	-1.33%	689.77	115.40
1987	12	4.25%	719.06	115.40
1988	1	3.33%	742.99	115.70
1988	2	3.23%	767.00	116.00
1988	3	-0.89%	760.21	116.50
1988	4	-2.19%	743.57	117.10
1988	5	6.00%	788.17	117.50
1988	6	-0.31%	785.76	118.00
1988	7	-1.72%	772.25	118.50
1988	8	1.93%	787.14	119.00
1988	9	3.80%	817.06	119.80
1988	10	-2.02%	800.55	120.20
1988	11	2.33%	819.17	120.30
1988	12	3.51%	847.95	120.50
1989	1	3.30%	875.93	121.10
1989	2	-0.16%	874.51	121.60
1989	3	3.56%	905.69	122.30
1989	4	4.12%	942.96	123.10
1989	5	3.39%	974.95	123.80
1989	6	2.80%	1,002.25	124.10
1989	7	4.69%	1,049.26	124.40
1989	8	0.46%	1,054.04	124.60
1989	9	0.29%	1,057.06	125.00
1989	10	-1.81%	1,037.89	125.60
1989	11	2.74%	1,066.29	125.90
1989	12	-2.21%	1,042.72	126.10
1990	1	-2.53%	1,016.36	127.40
1990	2	2.71%	1,043.88	128.00
1990	3	0.20%	1,045.93	128.70
1990	4	3.85%	1,086.20	128.90
1990	5	3.17%	1,120.64	129.20
1990	6	0.17%	1,122.54	129.90
1990	7	-7.86%	1,034.29	130.40
1990	8	-4.34%	989.39	131.60
1990	9	-2.32%	966.48	132.70
1990	10	2.98%	995.32	133.50
1990	11	4.59%	1,040.97	133.80
1990	12	-0.69%	1,033.84	133.80
1991	1	11.61%	1,153.83	134.60
1991	2	3.04%	1,188.96	134.80
1991	3	2.26%	1,215.82	135.00
1991	4	-0.18%	1,213.64	135.20
1991	5	0.35%	1,217.86	135.60
1991	6	0.78%	1,227.36	136.00
1991	7	2.68%	1,260.24	136.20
1991	8	-0.30%	1,256.42	136.60
1991	9	0.18%	1,258.70	137.20
1991	10	0.02%	1,258.90	137.40
1991	11	0.94%	1,270.67	137.80
1991	12	7.36%	1,364.17	137.90
1992	1	-0.60%	1,355.98	138.10
1992	2	-1.01%	1,342.25	138.60
1992	3	0.26%	1,345.80	139.30
1992	4	2.07%	1,373.63	139.50
1992	5	-1.33%	1,355.37	139.70
1992	6	1.91%	1,381.29	140.20
1992	7	0.94%	1,394.30	140.50
1992	8	0.38%	1,399.57	140.90
1992	9	-1.18%	1,383.03	141.30
1992	10	2.76%	1,421.16	141.80
1992	11	3.27%	1,467.64	142.00
1992	12	0.14%	1,469.74	141.90
1993	1	1.72%	1,495.08	142.60
1993	2	2.15%	1,527.23	143.10
1993	3	-1.34%	1,506.74	143.60
1993	4	0.72%	1,517.66	144.00
1993	5	0.87%	1,530.79	144.20
1993	6	0.06%	1,531.72	144.40
1993	7	1.76%	1,558.72	144.40
1993	8	1.35%	1,579.84	144.80
1993	9	1.24%	1,599.46	145.10
1993	10	0.01%	1,599.58	145.70
1993	11	0.89%	1,613.77	145.80
1993	12	1.74%	1,641.78	145.80
1994	1	-0.08%	1,640.54	146.20
1994	2	-1.42%	1,617.18	146.70
1994	3	-3.35%	1,563.07	147.20
1994	4	1.06%	1,579.61	147.40
1994	5	1.11%	1,597.11	147.50
1994	6	-0.52%	1,588.82	148.00
1994	7	3.08%	1,637.79	148.40
1994	8	0.82%	1,651.18	149.00
1994	9	-0.44%	1,643.85	149.40
1994	10	-0.37%	1,637.77	149.50
1994	11	-1.03%	1,620.97	149.70
1994	12	2.45%	1,660.70	149.70
1995	1	3.82%	1,724.13	150.30
1995	2	2.56%	1,768.23	150.90
1995	3	3.22%	1,825.09	151.40
1995	4	3.35%	1,886.19	151.90
1995	5	3.18%	1,946.14	152.20
1995	6	3.55%	2,015.18	152.50
1995	7	0.51%	2,025.52	152.50
1995	8	3.72%	2,100.82	152.90
1995	9	0.91%	2,120.00	153.20
1995	10	2.36%	2,169.99	153.70
1995	11	3.39%	2,243.54	153.60
1995	12	0.16%	2,247.18	153.50
1996	1	5.90%	2,379.87	154.40
1996	2	-0.20%	2,375.09	154.90
1996	3	0.20%	2,379.77	155.70
1996	4	2.35%	2,435.81	156.30
1996	5	1.28%	2,466.95	156.60
1996	6	-3.48%	2,381.19	156.70
1996	7	3.08%	2,454.43	157.00
1996	8	2.02%	2,504.10	157.30
1996	9	4.12%	2,607.26	157.80
1996	10	5.05%	2,738.98	158.30
1996	11	1.20%	2,771.80	158.60
1996	12	3.26%	2,862.09	158.60
1997	1	4.36%	2,986.91	159.10
1997	2	-0.62%	2,968.28	159.60
1997	3	-3.41%	2,867.20	160.00
1997	4	9.22%	3,131.50	160.20
1997	5	5.34%	3,298.62	160.10
1997	6	5.74%	3,487.83	160.30
1997	7	0.35%	3,499.96	160.50
1997	8	1.19%	3,541.68	160.80
1997	9	1.65%	3,599.95	161.20
1997	10	-1.15%	3,558.48	161.60
1997	11	2.63%	3,652.23	161.50
1997	12	0.24%	3,660.89	161.30
1998	1	6.40%	3,895.26	161.60
1998	2	5.31%	4,102.21	161.90
1998	3	3.41%	4,241.92	162.20
1998	4	-0.22%	4,232.51	162.50
1998	5	0.12%	4,237.44	162.80
1998	6	4.47%	4,426.75	163.00
1998	7	-6.97%	4,118.17	163.20
1998	8	-4.90%	3,916.44	163.40
1998	9	1.29%	3,966.99	163.60
1998	10	10.97%	4,402.35	164.00
1998	11	4.10%	4,583.02	164.00
1998	12	5.05%	4,814.36	163.90
1999	1	-0.07%	4,811.15	164.30
1999	2	2.92%	4,951.80	164.50
1999	3	4.25%	5,162.26	165.00
1999	4	-0.10%	5,157.16	166.20
1999	5	-0.61%	5,125.61	166.20
1999	6	4.52%	5,357.41	166.20
1999	7	-3.77%	5,155.20	166.70
1999	8	-0.60%	5,124.37	167.10
1999	9	-1.27%	5,059.16	167.90
1999	10	7.11%	5,418.66	168.20
1999	11	2.81%	5,570.86	168.30
1999	12	-0.12%	5,564.23	168.30
2000	1	-2.48%	5,426.35	168.80
2000	2	3.94%	5,640.20	169.80
2000	3	1.42%	5,720.55	171.20
2000	4	-2.84%	5,558.16	171.30
2000	5	3.16%	5,733.99	171.50
2000	6	0.85%	5,782.75	172.40
2000	7	0.94%	5,837.09	172.80
2000	8	-1.08%	5,774.07	172.80
2000	9	-5.21%	5,472.99	173.70
2000	10	-0.77%	5,430.71	174.00
2000	11	-3.32%	5,250.41	174.10
2000	12	0.46%	5,274.30	174.00
2001	1	-2.14%	5,161.62	175.10
2001	2	-9.08%	4,692.95	175.80
2001	3	0.45%	4,714.01	176.20
2001	4	6.88%	5,038.30	176.90
2001	5	-2.39%	4,917.96	177.70
2001	6	-2.66%	4,787.13	178.00
2001	7	-2.05%	4,689.19	177.50
2001	8	-11.25%	4,161.78	177.50
2001	9	3.18%	4,294.29	178.30
2001	10	5.05%	4,511.29	177.70
2001	11	1.47%	4,577.43	177.40
2001	12	-0.30%	4,563.80	176.70
2002	1	-3.35%	4,410.79	177.10
2002	2	4.95%	4,628.91	177.80
2002	3	-3.51%	4,466.23	178.80
2002	4	-2.82%	4,340.27	179.80
2002	5	-5.92%	4,083.28	179.80
2002	6	-10.76%	3,643.98	179.90
2002	7	1.14%	3,685.48	180.10
2002	8	-4.76%	3,510.14	180.70
2002	9	-1.37%	3,462.15	181.00
2002	10	6.63%	3,691.54	181.30
2002	11	-1.04%	3,653.33	181.30
2002	12	-0.22%	3,645.20	180.90
2003	1	-6.41%	3,411.37	181.70
2003	2	1.31%	3,455.98	183.10
2003	3	5.29%	3,638.66	184.20
2003	4	5.31%	3,831.95	183.80
2003	5	5.70%	4,050.54	183.50
2003	6	0.60%	4,074.67	183.70
2003	7	-0.17%	4,067.90	183.90
2003	8	3.16%	4,196.49	184.60
2003	9	2.03%	4,281.59	185.20
2003	10	1.21%	4,333.42	185.00
2003	11	3.06%	4,466.19	184.50
2003	12	4.93%	4,686.59	184.30
2004	1	1.09%	4,737.52	185.20
2004	2	-1.57%	4,663.37	186.20
2004	3	0.97%	4,708.52	187.40
2004	4	-2.56%	4,587.78	188.00
2004	5	2.86%	4,718.88	189.10
2004	6	-2.24%	4,613.24	189.70
2004	7	-1.39%	4,549.22	189.40
2004	8	2.78%	4,675.81	189.50
2004	9	0.10%	4,680.61	189.90
2004	10	4.77%	4,904.06	190.90
2004	11	2.73%	5,037.81	191.00
2004	12	-1.35%	4,969.84	190.30
2005	1	1.68%	5,053.39	190.70
2005	2	-0.26%	5,040.48	191.80
2005	3	-2.41%	4,919.06	193.30
2005	4	1.34%	4,984.77	194.60
2005	5	2.18%	5,093.47	194.40
2005	6	1.81%	5,185.55	194.50
2005	7	0.31%	5,201.63	195.40
2005	8	0.28%	5,216.18	196.40
2005	9	-2.62%	5,079.29	198.80
2005	10	3.96%	5,280.51	199.20
2005	11	2.14%	5,393.73	197.60
2005	12	1.47%	5,472.85	196.80
2006	1	-0.02%	5,471.94	198.30
2006	2	1.49%	5,553.26	198.70
2006	3	0.80%	5,597.59	199.80
2006	4	-0.79%	5,553.56	201.50
2006	5	-2.71%	5,403.29	202.50
2006	6	0.72%	5,442.19	202.90
2006	7	2.29%	5,566.92	203.50
2006	8	2.53%	5,707.82	203.90
2006	9	3.62%	5,914.21	202.90
2006	10	2.00%	6,032.60	201.80
2006	11	2.15%	6,162.19	201.50
2006	12	0.69%	6,204.89	201.80
2007	1	1.60%	6,303.92	202.42
2007	2	-2.47%	6,147.97	203.50
2007	3	4.18%	6,404.97	205.35
2007	4	3.39%	6,622.21	206.69
2007	5	0.34%	6,645.05	207.95
2007	6	0.57%	6,683.23	208.35
2007	7	-4.20%	6,402.46	208.30
2007	8	3.07%	6,599.32	207.92
2007	9	2.99%	6,796.75	208.49
2007	10	-4.81%	6,470.08	208.94
2007	11	1.24%	6,550.19	210.18
2007	12	-6.64%	6,115.57	210.04
2008	1	-1.56%	6,019.93	211.08
2008	2	-2.63%	5,861.81	211.69
2008	3	4.24%	6,110.57	213.53
2008	4	2.56%	6,267.16	214.82
2008	5	-4.25%	6,001.02	216.63
2008	6	-6.08%	5,636.25	218.82
2008	7	2.11%	5,755.20	219.96
2008	8	-4.85%	5,476.22	219.09
2008	9	-20.19%	4,370.37	218.78
2008	10	-8.61%	3,994.29	216.57
2008	11	-0.35%	3,980.26	212.43
2008	12	-1.10%	3,936.65	210.23
2009	1	-6.70%	3,672.80	211.14
2009	2	-5.69%	3,463.91	212.19
2009	3	12.32%	3,890.72	212.71
2009	4	6.66%	4,149.84	213.24
2009	5	2.87%	4,268.89	213.86
2009	6	1.28%	4,323.43	215.69
2009	7	8.12%	4,674.53	215.35
2009	8	3.65%	4,845.17	215.83
2009	9	2.40%	4,961.60	215.97
2009	10	2.09%	5,065.51	216.18
2009	11	2.23%	5,178.26	216.33
2009	12	1.36%	5,248.53	215.95
2010	1	-2.90%	5,096.40	216.69
2010	2	5.94%	5,399.28	216.74
2010	3	4.09%	5,620.00	217.63
2010	4	-5.88%	5,289.41	218.01
2010	5	-3.54%	5,101.98	218.18
2010	6	-0.16%	5,093.86	217.97
2010	7	0.86%	5,137.85	218.01
2010	8	3.37%	5,311.06	218.31
2010	9	4.58%	5,554.17	218.44
2010	10	2.49%	5,692.52	218.71
2010	11	3.71%	5,903.92	218.80
2010	12	3.46%	6,108.33	219.18
2011	1	3.15%	6,300.79	220.22
2011	2	-1.11%	6,230.70	221.31
2011	3	2.22%	6,369.08	223.47
2011	4	0.66%	6,411.07	224.91
2011	5	-3.66%	6,176.26	225.96
2011	6	3.10%	6,367.83	225.72
2011	7	-10.40%	5,705.53	225.92
2011	8	-0.79%	5,660.50	226.55
2011	9	3.02%	5,831.39	226.89
2011	10	1.77%	5,934.44	226.42
2011	11	1.55%	6,026.70	226.23
2011	12	4.78%	6,314.93	225.67
2012	1	4.16%	6,577.80	226.67
2012	2	2.88%	6,767.49	227.66
2012	3	-0.04%	6,764.91	229.39
2012	4	-3.09%	6,555.81	230.09
2012	5	-1.15%	6,480.26	229.82
2012	6	2.92%	6,669.55	229.48
2012	7	3.39%	6,895.49	229.10
2012	8	3.02%	7,103.82	230.38
2012	9	-0.22%	7,088.39	231.41
2012	10	-2.84%	6,887.26	231.32
2012	11	2.18%	7,037.10	230.22
2012	12	4.27%	7,337.49	229.60
2013	1	2.33%	7,508.68	230.28
2013	2	2.72%	7,713.10	232.17
2013	3	1.45%	7,825.23	232.77
2013	4	4.57%	8,183.18	232.53
2013	5	-1.12%	8,091.71	232.95
2013	6	3.25%	8,355.05	233.50
2013	7	0.25%	8,376.15	233.60
2013	8	1.19%	8,476.03	233.88
2013	9	2.12%	8,655.52	234.15
2013	10	3.86%	8,989.62	233.55
2013	11	1.52%	9,126.41	233.07
2013	12	0.97%	9,214.74	233.05
2014	1	-0.13%	9,202.75	233.92
2014	2	2.72%	9,453.28	234.78
2014	3	0.20%	9,472.35	236.29
2014	4	1.53%	9,617.47	237.07
2014	5	3.20%	9,924.87	237.90
2014	6	1.50%	10,073.33	238.34
2014	7	-0.43%	10,030.32	238.25
2014	8	1.78%	10,208.67	237.85
2014	9	-2.65%	9,938.48	238.03
2014	10	5.71%	10,505.54	237.43
2014	11	0.63%	10,572.13	236.15
2014	12	-1.11%	10,454.78	234.81
2015	1	2.83%	10,750.38	233.71
2015	2	0.06%	10,756.33	234.72
2015	3	0.88%	10,850.81	236.12
2015	4	0.98%	10,957.03	236.60
2015	5	-0.44%	10,909.31	237.81
2015	6	-0.08%	10,900.63	238.64
2015	7	-2.42%	10,636.35	238.65
2015	8	-4.51%	10,156.96	238.32
2015	9	4.32%	10,595.45	237.95
2015	10	2.93%	10,906.16	237.84
2015	11	-1.10%	10,785.87	237.34
2015	12	-6.42%	10,093.45	236.53
2016	1	-0.55%	10,037.95	236.92
2016	2	6.36%	10,676.64	237.11
2016	3	2.83%	10,978.92	238.13
2016	4	-0.30%	10,945.50	239.26
2016	5	1.07%	11,062.24	240.23
2016	6	3.30%	11,427.01	241.02
2016	7	1.20%	11,564.05	240.63
2016	8	-0.44%	11,513.32	240.85
2016	9	-0.51%	11,455.06	241.43
2016	10	1.20%	11,592.66	241.73
2016	11	3.95%	12,050.10	241.35
2016	12	1.44%	12,223.34	241.43
2017	1	2.58%	12,538.26	242.84
2017	2	1.75%	12,757.59	243.60
2017	3	-0.15%	12,737.94	243.80
2017	4	1.69%	12,953.52	244.52
2017	5	1.78%	13,183.63	244.73
2017	6	0.99%	13,313.86	244.96
2017	7	0.25%	13,346.86	244.79
2017	8	1.65%	13,567.52	245.52
2017	9	2.73%	13,938.56	246.82
2017	10	1.59%	14,160.12	246.66
2017	11	2.88%	14,568.43	246.67
2017	12	4.86%	15,276.73	246.52
2018	1	-2.89%	14,835.74	247.87
2018	2	0.06%	14,845.32	248.99
2018	3	-1.66%	14,598.30	249.55
2018	4	1.96%	14,884.66	250.55
2018	5	2.11%	15,199.17	251.59
2018	6	1.58%	15,439.43	251.99
2018	7	2.45%	15,817.82	252.01
2018	8	1.68%	16,083.52	252.15
2018	9	-3.85%	15,464.47	252.44
2018	10	-2.08%	15,143.41	252.89
2018	11	-5.56%	14,301.05	252.04
2018	12	1.74%	14,549.27	251.23
2019	1	5.83%	15,397.33	251.71
2019	2	1.95%	15,697.27	252.78
2019	3	3.72%	16,281.72	254.20
2019	4	-1.53%	16,032.32	255.55
2019	5	1.40%	16,257.53	256.09
2019	6	3.83%	16,879.76	256.14
2019	7	-3.13%	16,350.68	256.57
2019	8	3.09%	16,855.14	256.56
2019	9	0.01%	16,856.79	256.76
2019	10	4.43%	17,604.17	257.35
2019	11	2.47%	18,038.87	257.21
2019	12	3.35%	18,642.52	256.97
2020	1	0.12%	18,665.28	257.97
2020	2	-18.92%	15,134.24	258.68
2020	3	4.32%	15,787.83	258.12
2020	4	5.89%	16,717.31	256.39
2020	5	6.51%	17,805.32	256.39
2020	6	3.48%	18,424.31	257.80
2020	7	5.89%	19,510.15	259.10
2020	8	-0.63%	19,387.82	259.92
2020	9	1.73%	19,722.45	260.28
2020	10	3.95%	20,502.30	260.39
2020	11	4.26%	21,375.72	260.23
2020	12	2.80%	21,973.23	260.47
2021	1	2.49%	22,520.70	261.58
2021	2	0.82%	22,705.68	263.01
2021	3	6.02%	24,072.90	264.88
2021	4	0.76%	24,255.91	267.05
2021	5	1.81%	24,695.04	269.20
2021	6	3.07%	25,452.74	271.70
2021	7	2.19%	26,008.92	273.00
2021	8	-0.08%	25,986.94	273.57
2021	9	0.45%	26,104.45	274.31
2021	10	4.74%	27,343.04	276.59
2021	11	0.27%	27,415.61	277.95
2021	12	-2.05%	26,853.05	278.80
2022	1	-2.90%	26,073.62	281.15
2022	2	-0.89%	25,840.89	283.72
2022	3	0.12%	25,871.46	287.50
2022	4	-7.87%	23,834.67	289.11
2022	5	-3.37%	23,031.59	292.30
2022	6	0.46%	23,138.62	296.31
2022	7	6.45%	24,630.45	296.28
2022	8	-7.28%	22,838.00	296.17
2022	9	-3.09%	22,132.03	296.81
2022	10	5.29%	23,301.73	298.01
2022	11	0.01%	23,304.26	297.71
2022	12	1.38%	23,625.03	296.80
2023	1	5.53%	24,931.97	299.17

Click to show 690 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 1965. This would result in a final amount of $24,052.31, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $24,931.97).

Year	Month	Contribution ($)	Amount ($)
1965	1	4.16	4.19
1965	2	4.16	8.37
1965	3	4.16	12.71
1965	4	4.16	17.16
1965	5	4.16	20.34
1965	6	4.16	24.52
1965	7	4.16	29.28
1965	8	4.16	34.63
1965	9	4.16	39.75
1965	10	4.16	44.37
1965	11	4.16	48.42
1965	12	4.16	53.61
1966	1	4.16	57.51
1966	2	4.16	59.28
1966	3	4.16	65.53
1966	4	4.16	66.19
1966	5	4.16	69.95
1966	6	4.16	74.11
1966	7	4.16	73.74
1966	8	4.16	75.38
1966	9	4.16	79.07
1966	10	4.16	87.65
1966	11	4.16	92.45
1966	12	4.32	100.76
1967	1	-	104.51
1967	2	-	107.27
1967	3	-	109.40
1967	4	-	111.65
1967	5	-	110.55
1967	6	-	112.75
1967	7	-	114.84
1967	8	-	116.74
1967	9	-	116.85
1967	10	-	113.48
1967	11	-	117.01
1967	12	-	116.99
1968	1	-	112.01
1968	2	-	110.27
1968	3	-	118.72
1968	4	-	121.75
1968	5	-	125.33
1968	6	-	125.39
1968	7	-	122.97
1968	8	-	127.28
1968	9	-	130.74
1968	10	-	133.08
1968	11	-	134.79
1968	12	-	129.41
1969	1	-	129.11
1969	2	-	126.63
1969	3	-	129.51
1969	4	-	134.07
1969	5	-	127.40
1969	6	-	122.04
1969	7	-	121.70
1969	8	-	122.46
1969	9	-	124.11
1969	10	-	125.35
1969	11	-	119.05
1969	12	-	118.35
1970	1	-	114.56
1970	2	-	116.87
1970	3	-	113.66
1970	4	-	100.93
1970	5	-	100.66
1970	6	-	101.18
1970	7	-	104.48
1970	8	-	111.08
1970	9	-	113.85
1970	10	-	114.08
1970	11	-	122.25
1970	12	-	127.27
1971	1	-	132.56
1971	2	-	136.31
1971	3	-	141.32
1971	4	-	139.75
1971	5	-	137.52
1971	6	-	136.89
1971	7	-	134.81
1971	8	-	138.16
1971	9	-	135.59
1971	10	-	129.66
1971	11	-	138.95
1971	12	-	145.09
1972	1	-	148.12
1972	2	-	152.00
1972	3	-	153.91
1972	4	-	152.72
1972	5	-	153.51
1972	6	-	152.73
1972	7	-	158.51
1972	8	-	156.59
1972	9	-	157.25
1972	10	-	165.51
1972	11	-	169.34
1972	12	-	171.01
1973	1	-	165.32
1973	2	-	163.10
1973	3	-	160.44
1973	4	-	156.31
1973	5	-	153.20
1973	6	-	155.06
1973	7	-	152.52
1973	8	-	155.57
1973	9	-	162.15
1973	10	-	151.04
1973	11	-	140.76
1973	12	-	143.16
1974	1	-	139.62
1974	2	-	146.00
1974	3	-	138.97
1974	4	-	135.21
1974	5	-	135.83
1974	6	-	120.42
1974	7	-	115.88
1974	8	-	104.28
1974	9	-	106.76
1974	10	-	110.75
1974	11	-	104.01
1974	12	-	112.99
1975	1	-	125.20
1975	2	-	131.42
1975	3	-	133.38
1975	4	-	142.33
1975	5	-	146.45
1975	6	-	147.08
1975	7	-	136.79
1975	8	-	135.63
1975	9	-	142.37
1975	10	-	145.28
1975	11	-	143.56
1975	12	-	157.27
1976	1	-	163.84
1976	2	-	165.15
1976	3	-	166.96
1976	4	-	166.32
1976	5	-	167.82
1976	6	-	172.29
1976	7	-	171.33
1976	8	-	175.50
1976	9	-	170.05
1976	10	-	169.42
1976	11	-	175.84
1976	12	-	174.89
1977	1	-	170.75
1977	2	-	170.66
1977	3	-	168.62
1977	4	-	168.73
1977	5	-	170.25
1977	6	-	172.43
1977	7	-	168.85
1977	8	-	166.86
1977	9	-	163.20
1977	10	-	164.80
1977	11	-	164.67
1977	12	-	159.08
1978	1	-	157.54
1978	2	-	157.95
1978	3	-	165.58
1978	4	-	174.70
1978	5	-	175.88
1978	6	-	175.77
1978	7	-	188.65
1978	8	-	189.40
1978	9	-	184.15
1978	10	-	174.13
1978	11	-	177.48
1978	12	-	184.91
1979	1	-	182.96
1979	2	-	187.24
1979	3	-	191.79
1979	4	-	188.16
1979	5	-	192.71
1979	6	-	195.45
1979	7	-	205.25
1979	8	-	208.41
1979	9	-	201.42
1979	10	-	200.77
1979	11	-	209.61
1979	12	-	216.56
1980	1	-	226.08
1980	2	-	206.23
1980	3	-	203.84
1980	4	-	214.10
1980	5	-	228.80
1980	6	-	240.16
1980	7	-	248.58
1980	8	-	255.63
1980	9	-	264.13
1980	10	-	276.32
1980	11	-	272.88
1980	12	-	272.91
1981	1	-	264.53
1981	2	-	275.49
1981	3	-	279.05
1981	4	-	274.54
1981	5	-	276.89
1981	6	-	271.31
1981	7	-	273.49
1981	8	-	250.78
1981	9	-	255.11
1981	10	-	262.88
1981	11	-	265.98
1981	12	-	253.20
1982	1	-	248.35
1982	2	-	241.54
1982	3	-	254.75
1982	4	-	256.20
1982	5	-	242.70
1982	6	-	243.29
1982	7	-	245.22
1982	8	-	274.88
1982	9	-	299.30
1982	10	-	312.76
1982	11	-	317.00
1982	12	-	329.45
1983	1	-	336.47
1983	2	-	349.47
1983	3	-	364.14
1983	4	-	380.25
1983	5	-	386.92
1983	6	-	389.66
1983	7	-	380.28
1983	8	-	392.88
1983	9	-	395.43
1983	10	-	390.91
1983	11	-	390.41
1983	12	-	396.56
1984	1	-	376.29
1984	2	-	377.96
1984	3	-	379.87
1984	4	-	378.91
1984	5	-	371.91
1984	6	-	368.53
1984	7	-	402.46
1984	8	-	408.12
1984	9	-	406.44
1984	10	-	411.67
1984	11	-	408.75
1984	12	-	427.96
1985	1	-	452.72
1985	2	-	450.56
1985	3	-	455.17
1985	4	-	467.63
1985	5	-	479.37
1985	6	-	490.14
1985	7	-	481.10
1985	8	-	472.03
1985	9	-	479.09
1985	10	-	509.85
1985	11	-	536.84
1985	12	-	540.88
1986	1	-	571.69
1986	2	-	607.04
1986	3	-	623.68
1986	4	-	626.75
1986	5	-	646.38
1986	6	-	634.72
1986	7	-	649.20
1986	8	-	633.25
1986	9	-	632.69
1986	10	-	655.04
1986	11	-	666.23
1986	12	-	710.69
1987	1	-	756.62
1987	2	-	789.73
1987	3	-	782.97
1987	4	-	784.32
1987	5	-	819.60
1987	6	-	845.19
1987	7	-	899.74
1987	8	-	872.47
1987	9	-	769.05
1987	10	-	674.43
1987	11	-	665.43
1987	12	-	693.69
1988	1	-	716.78
1988	2	-	739.94
1988	3	-	733.39
1988	4	-	717.34
1988	5	-	760.37
1988	6	-	758.03
1988	7	-	745.01
1988	8	-	759.36
1988	9	-	788.23
1988	10	-	772.31
1988	11	-	790.27
1988	12	-	818.03
1989	1	-	845.02
1989	2	-	843.66
1989	3	-	873.73
1989	4	-	909.69
1989	5	-	940.55
1989	6	-	966.89
1989	7	-	1,012.24
1989	8	-	1,016.85
1989	9	-	1,019.77
1989	10	-	1,001.27
1989	11	-	1,028.67
1989	12	-	1,005.93
1990	1	-	980.51
1990	2	-	1,007.05
1990	3	-	1,009.02
1990	4	-	1,047.88
1990	5	-	1,081.10
1990	6	-	1,082.93
1990	7	-	997.80
1990	8	-	954.48
1990	9	-	932.38
1990	10	-	960.20
1990	11	-	1,004.24
1990	12	-	997.36
1991	1	-	1,113.12
1991	2	-	1,147.01
1991	3	-	1,172.92
1991	4	-	1,170.82
1991	5	-	1,174.89
1991	6	-	1,184.06
1991	7	-	1,215.78
1991	8	-	1,212.09
1991	9	-	1,214.29
1991	10	-	1,214.49
1991	11	-	1,225.84
1991	12	-	1,316.04
1992	1	-	1,308.13
1992	2	-	1,294.89
1992	3	-	1,298.31
1992	4	-	1,325.17
1992	5	-	1,307.55
1992	6	-	1,332.56
1992	7	-	1,345.10
1992	8	-	1,350.19
1992	9	-	1,334.23
1992	10	-	1,371.01
1992	11	-	1,415.86
1992	12	-	1,417.89
1993	1	-	1,442.33
1993	2	-	1,473.35
1993	3	-	1,453.58
1993	4	-	1,464.11
1993	5	-	1,476.78
1993	6	-	1,477.68
1993	7	-	1,503.72
1993	8	-	1,524.10
1993	9	-	1,543.03
1993	10	-	1,543.14
1993	11	-	1,556.83
1993	12	-	1,583.86
1994	1	-	1,582.66
1994	2	-	1,560.13
1994	3	-	1,507.92
1994	4	-	1,523.88
1994	5	-	1,540.76
1994	6	-	1,532.77
1994	7	-	1,580.01
1994	8	-	1,592.92
1994	9	-	1,585.85
1994	10	-	1,579.99
1994	11	-	1,563.78
1994	12	-	1,602.11
1995	1	-	1,663.30
1995	2	-	1,705.85
1995	3	-	1,760.70
1995	4	-	1,819.64
1995	5	-	1,877.48
1995	6	-	1,944.08
1995	7	-	1,954.06
1995	8	-	2,026.70
1995	9	-	2,045.20
1995	10	-	2,093.43
1995	11	-	2,164.38
1995	12	-	2,167.90
1996	1	-	2,295.90
1996	2	-	2,291.29
1996	3	-	2,295.81
1996	4	-	2,349.87
1996	5	-	2,379.92
1996	6	-	2,297.18
1996	7	-	2,367.83
1996	8	-	2,415.75
1996	9	-	2,515.27
1996	10	-	2,642.34
1996	11	-	2,674.00
1996	12	-	2,761.11
1997	1	-	2,881.52
1997	2	-	2,863.55
1997	3	-	2,766.04
1997	4	-	3,021.01
1997	5	-	3,182.24
1997	6	-	3,364.77
1997	7	-	3,376.47
1997	8	-	3,416.72
1997	9	-	3,472.94
1997	10	-	3,432.93
1997	11	-	3,523.37
1997	12	-	3,531.72
1998	1	-	3,757.83
1998	2	-	3,957.48
1998	3	-	4,092.26
1998	4	-	4,083.18
1998	5	-	4,087.93
1998	6	-	4,270.57
1998	7	-	3,972.87
1998	8	-	3,778.26
1998	9	-	3,827.03
1998	10	-	4,247.02
1998	11	-	4,421.33
1998	12	-	4,644.50
1999	1	-	4,641.40
1999	2	-	4,777.09
1999	3	-	4,980.12
1999	4	-	4,975.20
1999	5	-	4,944.76
1999	6	-	5,168.38
1999	7	-	4,973.31
1999	8	-	4,943.57
1999	9	-	4,880.66
1999	10	-	5,227.48
1999	11	-	5,374.31
1999	12	-	5,367.91
2000	1	-	5,234.89
2000	2	-	5,441.20
2000	3	-	5,518.72
2000	4	-	5,362.05
2000	5	-	5,531.68
2000	6	-	5,578.72
2000	7	-	5,631.14
2000	8	-	5,570.34
2000	9	-	5,279.89
2000	10	-	5,239.10
2000	11	-	5,065.16
2000	12	-	5,088.21
2001	1	-	4,979.51
2001	2	-	4,527.38
2001	3	-	4,547.69
2001	4	-	4,860.54
2001	5	-	4,744.44
2001	6	-	4,618.23
2001	7	-	4,523.75
2001	8	-	4,014.95
2001	9	-	4,142.78
2001	10	-	4,352.12
2001	11	-	4,415.93
2001	12	-	4,402.78
2002	1	-	4,255.17
2002	2	-	4,465.60
2002	3	-	4,308.66
2002	4	-	4,187.14
2002	5	-	3,939.22
2002	6	-	3,515.42
2002	7	-	3,555.45
2002	8	-	3,386.29
2002	9	-	3,340.00
2002	10	-	3,561.29
2002	11	-	3,524.43
2002	12	-	3,516.59
2003	1	-	3,291.01
2003	2	-	3,334.05
2003	3	-	3,510.28
2003	4	-	3,696.76
2003	5	-	3,907.63
2003	6	-	3,930.91
2003	7	-	3,924.37
2003	8	-	4,048.43
2003	9	-	4,130.52
2003	10	-	4,180.53
2003	11	-	4,308.61
2003	12	-	4,521.24
2004	1	-	4,570.37
2004	2	-	4,498.83
2004	3	-	4,542.39
2004	4	-	4,425.91
2004	5	-	4,552.39
2004	6	-	4,450.47
2004	7	-	4,388.72
2004	8	-	4,510.84
2004	9	-	4,515.47
2004	10	-	4,731.03
2004	11	-	4,860.07
2004	12	-	4,794.49
2005	1	-	4,875.10
2005	2	-	4,862.64
2005	3	-	4,745.50
2005	4	-	4,808.90
2005	5	-	4,913.76
2005	6	-	5,002.59
2005	7	-	5,018.10
2005	8	-	5,032.14
2005	9	-	4,900.08
2005	10	-	5,094.20
2005	11	-	5,203.43
2005	12	-	5,279.75
2006	1	-	5,278.87
2006	2	-	5,357.32
2006	3	-	5,400.09
2006	4	-	5,357.62
2006	5	-	5,212.65
2006	6	-	5,250.18
2006	7	-	5,370.50
2006	8	-	5,506.44
2006	9	-	5,705.55
2006	10	-	5,819.75
2006	11	-	5,944.78
2006	12	-	5,985.96
2007	1	-	6,081.50
2007	2	-	5,931.05
2007	3	-	6,178.99
2007	4	-	6,388.56
2007	5	-	6,410.60
2007	6	-	6,447.43
2007	7	-	6,176.57
2007	8	-	6,366.48
2007	9	-	6,556.95
2007	10	-	6,241.80
2007	11	-	6,319.09
2007	12	-	5,899.80
2008	1	-	5,807.53
2008	2	-	5,654.99
2008	3	-	5,894.97
2008	4	-	6,046.04
2008	5	-	5,789.29
2008	6	-	5,437.39
2008	7	-	5,552.15
2008	8	-	5,283.00
2008	9	-	4,216.18
2008	10	-	3,853.36
2008	11	-	3,839.83
2008	12	-	3,797.76
2009	1	-	3,543.21
2009	2	-	3,341.70
2009	3	-	3,753.45
2009	4	-	4,003.42
2009	5	-	4,118.28
2009	6	-	4,170.89
2009	7	-	4,509.60
2009	8	-	4,674.22
2009	9	-	4,786.54
2009	10	-	4,886.79
2009	11	-	4,995.56
2009	12	-	5,063.35
2010	1	-	4,916.59
2010	2	-	5,208.79
2010	3	-	5,421.72
2010	4	-	5,102.79
2010	5	-	4,921.97
2010	6	-	4,914.14
2010	7	-	4,956.58
2010	8	-	5,123.67
2010	9	-	5,358.21
2010	10	-	5,491.67
2010	11	-	5,695.62
2010	12	-	5,892.81
2011	1	-	6,078.49
2011	2	-	6,010.87
2011	3	-	6,144.37
2011	4	-	6,184.87
2011	5	-	5,958.35
2011	6	-	6,143.16
2011	7	-	5,504.23
2011	8	-	5,460.79
2011	9	-	5,625.65
2011	10	-	5,725.06
2011	11	-	5,814.07
2011	12	-	6,092.13
2012	1	-	6,345.72
2012	2	-	6,528.72
2012	3	-	6,526.23
2012	4	-	6,324.50
2012	5	-	6,251.62
2012	6	-	6,434.23
2012	7	-	6,652.21
2012	8	-	6,853.18
2012	9	-	6,838.30
2012	10	-	6,644.26
2012	11	-	6,788.81
2012	12	-	7,078.61
2013	1	-	7,243.76
2013	2	-	7,440.96
2013	3	-	7,549.14
2013	4	-	7,894.46
2013	5	-	7,806.22
2013	6	-	8,060.27
2013	7	-	8,080.62
2013	8	-	8,176.98
2013	9	-	8,350.13
2013	10	-	8,672.45
2013	11	-	8,804.41
2013	12	-	8,889.62
2014	1	-	8,878.06
2014	2	-	9,119.75
2014	3	-	9,138.14
2014	4	-	9,278.14
2014	5	-	9,574.70
2014	6	-	9,717.92
2014	7	-	9,676.43
2014	8	-	9,848.48
2014	9	-	9,587.83
2014	10	-	10,134.88
2014	11	-	10,199.13
2014	12	-	10,085.91
2015	1	-	10,371.08
2015	2	-	10,376.82
2015	3	-	10,467.97
2015	4	-	10,570.44
2015	5	-	10,524.41
2015	6	-	10,516.03
2015	7	-	10,261.08
2015	8	-	9,798.60
2015	9	-	10,221.62
2015	10	-	10,521.37
2015	11	-	10,405.32
2015	12	-	9,737.34
2016	1	-	9,683.79
2016	2	-	10,299.94
2016	3	-	10,591.56
2016	4	-	10,559.32
2016	5	-	10,671.94
2016	6	-	11,023.84
2016	7	-	11,156.04
2016	8	-	11,107.10
2016	9	-	11,050.90
2016	10	-	11,183.64
2016	11	-	11,624.95
2016	12	-	11,792.07
2017	1	-	12,095.89
2017	2	-	12,307.47
2017	3	-	12,288.52
2017	4	-	12,496.49
2017	5	-	12,718.48
2017	6	-	12,844.12
2017	7	-	12,875.95
2017	8	-	13,088.83
2017	9	-	13,446.78
2017	10	-	13,660.52
2017	11	-	14,054.42
2017	12	-	14,737.74
2018	1	-	14,312.30
2018	2	-	14,321.55
2018	3	-	14,083.24
2018	4	-	14,359.50
2018	5	-	14,662.91
2018	6	-	14,894.69
2018	7	-	15,259.73
2018	8	-	15,516.06
2018	9	-	14,918.85
2018	10	-	14,609.12
2018	11	-	13,796.48
2018	12	-	14,035.94
2019	1	-	14,854.08
2019	2	-	15,143.44
2019	3	-	15,707.26
2019	4	-	15,466.66
2019	5	-	15,683.93
2019	6	-	16,284.21
2019	7	-	15,773.79
2019	8	-	16,260.45
2019	9	-	16,262.05
2019	10	-	16,983.05
2019	11	-	17,402.42
2019	12	-	17,984.77
2020	1	-	18,006.73
2020	2	-	14,600.27
2020	3	-	15,230.80
2020	4	-	16,127.49
2020	5	-	17,177.11
2020	6	-	17,774.26
2020	7	-	18,821.79
2020	8	-	18,703.78
2020	9	-	19,026.60
2020	10	-	19,778.94
2020	11	-	20,621.54
2020	12	-	21,197.97
2021	1	-	21,726.12
2021	2	-	21,904.57
2021	3	-	23,223.55
2021	4	-	23,400.11
2021	5	-	23,823.75
2021	6	-	24,554.71
2021	7	-	25,091.27
2021	8	-	25,070.07
2021	9	-	25,183.43
2021	10	-	26,378.32
2021	11	-	26,448.33
2021	12	-	25,905.62
2022	1	-	25,153.69
2022	2	-	24,929.17
2022	3	-	24,958.66
2022	4	-	22,993.74
2022	5	-	22,218.99
2022	6	-	22,322.24
2022	7	-	23,761.44
2022	8	-	22,032.22
2022	9	-	21,351.17
2022	10	-	22,479.60
2022	11	-	22,482.03
2022	12	-	22,791.49
2023	1	-	24,052.31

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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.

FAQs

S&P 500 Returns since 1965? ›

This is a return on investment of 24,462.29%, or 9.91% per year. This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 2,450.45% cumulatively, or 5.72% per year.

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What is the average S&P 500 return over 25 years? ›

The index acts as a benchmark of the performance of the U.S. stock market overall, dating back to the 1920s. The index has returned a historic annualized average return of around 11.88% since its 1957 inception through the end of 2021.

What is the S&P 500 return for the last 50 years? ›

Stock Market Average Yearly Return for the Last 50 Years

The average yearly return of the S&P 500 is 10.53% over the last 50 years, as of the end of April 2023.

What is the return of the S&P 500 over 30 years? ›

Average Market Return for the Last 30 Years

Looking at the S&P 500 for the years 1992 to 2021, the average stock market return for the last 30 years is 9.89% (7.31% when adjusted for inflation).

What if I invested $1000 in S&P 500 10 years ago? ›

And if you had put $1,000 into the S&P 500 about a decade ago, the amount would have more than tripled to $3,217 as of April 20, according to CNBC's calculations.

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What is the average return of the S&P over 40 years? ›

S&P 500: $100 in 1950 → $237,677.86 in 2023

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 18,781.79% cumulatively, or 7.42% per year.

How much would $8000 invested in the S&P 500 in 1980 be worth today? ›

Comparison to S&P 500 Index

	Original Amount	Final Amount
Nominal	$8,000	$875,356.30
Real Inflation Adjusted	$8,000	$237,765.84

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What is the rolling 10 year average return S&P 500? ›

Basic Info. S&P 500 10 Year Return is at 156.3%, compared to 161.0% last month and 215.4% last year. This is higher than the long term average of 112.6%.

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What is the S&P 500 10 year return? ›

What is the 10 year average return for the S&P 500? The S&P 500 10 year average return is 12.15% with a 10 year inflation adjusted return of 10.42%. Commonly referred to as “the market”, the S&P 500 is a collection of the 500 largest public companies in the United States.

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What is the average return on the S&P 500 over the last 75 years? ›

Stock market returns since 1965

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 2,450.45% cumulatively, or 5.72% per year.

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How much would 100$ invested into S&P 500 30 years ago be worth today? ›

If you invested $100 in the S&P 500 at the beginning of 1930, you would have about $566,135.36 at the end of 2023, assuming you reinvested all dividends. This is a return on investment of 566,035.36%, or 9.71% per year.

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What is the average return of the S&P 500 over the last 70 years? ›

Stock market returns since 1970

This is a return on investment of 19,922.48%, or 10.46% per year. This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 2,460.87% cumulatively, or 6.28% per year.

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What is the best 30 year return on the stock market? ›

The best 30 year annual return was 14.8% in the 30 years ending in 1968. This makes sense considering you would have been invested in 1939 following the worst 10 year stretch in history. The most recent 10 year annual gain through January 2023 was 12.7%.

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Can you put 1 million dollars in the S&P 500 and live off the interest? ›

Once you have $1 million in assets, you can look seriously at living entirely off the returns of a portfolio. After all, the S&P 500 alone averages 10% returns per year. Setting aside taxes and down-year investment portfolio management, a $1 million index fund could provide $100,000 annually.

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How much would $100 invested in the S&P 500 in 1980 be worth today? ›

Stock market returns since 1980

If you invested $100 in the S&P 500 at the beginning of 1980, you would have about $10,941.95 at the end of 2023, assuming you reinvested all dividends. This is a return on investment of 10,841.95%, or 11.47% per year.

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How much is $10,000 invested in Apple 20 years ago? ›

As a result, $10,000 in AAPL stock purchased 20 years ago would be worth about $7.51 million today, assuming reinvested dividends.

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What is the 20 average return of the S&P 500? ›

S&P 500 Historical Annual Returns

S&P 500 Index - Historical Annual Data
Year	Average Closing Price	Annual % Change
2021	4,273.41	26.89%
2020	3,217.86	16.26%
2019	2,913.36	28.88%

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Is now a good time to invest in S&P 500? ›

We do not think now is a good time to invest heavily in the S&P 500 if you have a short- to medium-term horizon. We underweight equities in our broader Asset Allocation framework because inflation is still high, and we do not think the Federal Reserve has finished hiking despite market expectations of cuts in 2023.

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Which S&P 500 fund is best? ›

Summary of the Best S&P 500 Index Funds of 2023

Fidelity 500 Index Fund (FXAIX)
Vanguard 500 Index Fund Admiral Shares (VFIAX)
Schwab S&P 500 Index Fund (SWPPX)

May 12, 2023

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How long does it take to turn 500k into $1 million? ›

How Long Would It Take To Turn $500k into $1 million. With $2.5 million of properties appreciating 10% a year, your $500,000 investment would turn into $1,000,000 in two years, or three years, if those properties appreciated only 7% per year.

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Where will the S&P 500 be in 10 years? ›

S&P 500 10 Years Forecast (Until 2032)

Year	Price
2023	4 200
2024	4 900
2025	5 500
2026	5 750

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What if I invest $500 a month for 10 years? ›

If you invested $500 a month for 10 years and earned a 4% rate of return, you'd have $73,625 today. If you invested $500 a month for 10 years and earned a 6% rate of return, you'd have $81,940 today. If you invested $500 a month for 10 years and earned an 8% rate of return, you'd have $91,473 today.

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What is the average real return for S&P? ›

The average stock market return is about 10% per year, as measured by the S&P 500 index. In some years, the market returns more than that, and in other years, it returns less.

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How often is the S&P 500 compounded? ›

Interest rate

The Standard & Poor's 500® (S&P 500®) for the 10 years ending December 31^st 2022, had an annual compounded rate of return of 12.6%, including reinvestment of dividends.

Does the S&P 500 pay dividends? ›

But it's important to note that the S&P 500 index itself does not pay dividends—the companies in the index do. An investor has to buy shares of the companies themselves or of index funds in order to receive dividends. “The S&P itself does not pay a dividend,” explains Titan investment manager Christopher Seifel.

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What will the S&P be in 2040? ›

If the S&P 500 does compound 7% annually over the next 20 years, the index will reach roughly 12,560 by 2040.

How many index funds should I own? ›

Experts agree that for most personal investors, a portfolio comprising 5 to 10 ETFs is perfect in terms of diversification. But the number of ETFs is not what you should be looking at. Rather, you should consider the number of different sources of risk you are getting with those ETFs.

What is the S&P 500 3 year return? ›

Basic Info. S&P 500 3 Year Return is at 37.30%, compared to 43.16% last month and 50.15% last year.

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What $1000 invested in stocks 10 years ago would be worth today? ›

$1000 Invested In This Stock 10 Years Ago Would Be Worth $5,700 Today. Be Smarter Than Your Friends: Benzinga members get 3 trade opportunities & the hot takes on the economy every single week.

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What is the return of the S&P 500 with and without dividends? ›

Basic Info. S&P 500 Annual Return is at -19.44%, compared to 26.89% last year. This is lower than the long term average of 7.28%. The S&P 500 Annual Return is the investment return received each year, excluding dividends, when holding the S&P 500 index.

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What is historically the average excess return of the S&P 500? ›

The average return of the stock market over the long term is just above 10%, as measured by the S&P 500 index. Over the past decade, through to March 31, 2022, the annualized performance of the S&P 500 was 14.5%.

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How much to invest in S&P 500 to be a millionaire? ›

As you can see from the chart, investing $5,000 annually in the S&P 500 would make you a millionaire in a little over 30 years, assuming average 10.25% annual returns.

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What if I invested $100 in S&P 500 in 2010? ›

If you invested $100 in the S&P 500 at the beginning of 2010, you would have about $467.98 at the end of 2023, assuming you reinvested all dividends. This is a return on investment of 367.98%, or 12.35% per year.

What is the value in 5 years of $1,000 invested today? ›

Formula and Calculation of Future Value

For example, assume a $1,000 investment is held for five years in a savings account with 10% simple interest paid annually. In this case, the FV of the $1,000 initial investment is $1,000 × [1 + (0.10 x 5)], or $1,500.

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How much would $10,000 invested in S&P 500? ›

The same $10,000 invested in the S&P 500 would be worth just $7,520 now.

What is the highest the S&P 500 has ever been? ›

4,796.56

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What was the average return of the spy in the last 30 years? ›

In the last 30 Years, the SPDR S&P 500 (SPY) ETF obtained a 9.71% compound annual return, with a 14.96% standard deviation. In 2022, the ETF granted a 1.34% dividend yield.

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What would $1000 invested in Apple in 1984 be worth today? ›

23, 1984). A $1,000 investment could have purchased 7,692.31 shares of AAPL at the time. The $1,000 investment in AAPL shares would be worth $1,162,615.73 today, based on a price of $151.01 for Apple stock at the time of writing.

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What is the best performing stock of all time? ›

The Best Performing Stocks in History

Coca-Cola. (NASDAQ: KO) ...
Altria. (NASDAQ: MO) ...
Amazon.com. (NASDAQ: AMZN) ...
Celgene. (NASDAQ: CELG) ...
Apple. (NASDAQ: AAPL) ...
Alphabet. (NASDAQ:GOOG) ...
Gilead Sciences. (NASDAQ: GILD) ...
Microsoft. (NASDAQ: MSFT)

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What is the safest investment with the highest return? ›

High-quality bonds and fixed-indexed annuities are often considered the safest investments with the highest returns. However, there are many different types of bond funds and annuities, each with risks and rewards. For example, government bonds are generally more stable than corporate bonds based on past performance.

Can you live off the interest of 2 million dollars? ›

At $200,000 per year in average returns, this is more than enough for all but the highest spenders to live comfortably. You can collect your returns, pay your capital gains taxes and have plenty left over for a comfortable lifestyle. The bad news about an index fund is the variability.

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Can I live off the interest of 3 million dollars? ›

Living off the interest of $3 million is possible when you diversify your portfolio and pick the right investments. Here are six common investments and expected income for each year: Savings and money market accounts. Savings accounts are one of the most liquid places to hold your money besides a checking account.

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Can you live off the interest of 4 million dollars? ›

Sustainable Withdrawal Rate

So, if you have a $4 million portfolio withdrawing 4% per year would give you about $160,000 per year to live off of. Of course, this figure doesn't account for taxes or inflation rates.

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Is it OK to only invest in S&P 500? ›

That said, you shouldn't necessarily invest exclusively in the S&P 500. There are other indices, sectors, and groups of stocks you can invest in through mutual funds and ETFs, and there are some excellent individual stocks you can invest in.

How much will $200 K be worth in 20 years? ›

After 20 years: $238,224.

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Is S&P 500 high or low risk? ›

They're low-risk: Any fund offers the safety of diversification. With 500+ stocks in their portfolio, S&P 500 funds are especially diversified, their securities representing a range of industries.

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How much would $10000 in Apple stock at its IPO in 1980 be worth today? ›

Apple went public in December 1980 with its IPO priced at a pre-split price of $22 per share. A $10,000 invested in Apple back then would now be worth more than $1.6 million.

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How much you d have right now if you invested $1000 in Apple shares when Steve Jobs resigned as CEO in 2011? ›

Returns on Apple since 2011: Following the resignation of Jobs here's how much $1,000 in Apple stock invested in August 2011, at the then split-adjusted share price of $13.36 would be worth today: $10,950 for a return of 995%.

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How rich would you be if you bought Apple stock in 1980? ›

Since Apple stock trades at $126.36 today, that translates to a return of 126,360%. In other words, that $1,000 investment in 1980 would be worth more than $1.26 million today! But that's not all, because Apple has paid a dividend in several years since 1987.

What is the average annual return of the S&P 500 last 10 years? ›

Basic Info. S&P 500 10 Year Return is at 156.3%, compared to 161.0% last month and 215.4% last year. This is higher than the long term average of 112.6%.

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What will S&P 500 be in 10 years? ›

S&P 500 10 Years Forecast (Until 2032)

In terms of a price target, Bank of America is targeting S&P 500 5,150 to 8,700 with its S&P 500 price forecast for 2030, but it is worth noting that some others are calling for a move as high as 10,000 by the time we get to 2032.

What is the average return of the S&P 500 last 5 years? ›

Basic Info. S&P 500 5 Year Return is at 54.51%, compared to 57.45% last month and 71.33% last year. This is higher than the long term average of 44.37%. The S&P 500 5 Year Return is the investment return received for a 5 year period, excluding dividends, when holding the S&P 500 index.

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What is the real total return of the S&P 500 annually? ›

Basic Info. S&P 500 Annual Total Return is at -18.11%, compared to 28.71% last year.

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Is S&P 500 safe long term? ›

Legendary investor Warren Buffet once said that all it takes to make money as an investor is to 'consistently buy an S&P 500 low-cost index fund. ' And academic research tends to agree that the S&P 500 is a good investment in the long term, despite occasional drawdowns.

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What is the 10 year average return on the Dow Jones? ›

5, 10, 20, and 30-Year Return on the Stock Market

	Average Rate of Return	Inflation-Adjusted Return
5-Year (2017-2021)	18.55%	15.19%
10-Year (2012-2021)	16.58%	14.15%
20-Year (2002-2021)	9.51%	7.04%
30-Year (1992-2021)	10.66%	8.10%

Jan 2, 2023

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Does the S&P 500 double every 5 years? ›

How long has it historically taken a stock investment to double? NYU business professor Aswath Damodaran has done the math. According to his math, since 1949 S&P 500 investments have doubled ten times, or an average of about seven years each time.

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How much would I have if I invested in S&P 500 30 years ago? ›

What is the average stock market return over 20 years? ›

5-year, 10-year, 20-year and 30-year S&P 500 returns

Period (start-of-year to end-of-2022)	Average annual S&P 500 return
5 years (2018-2022)	7.51%
10 years (2013-2022)	10.41%
20 years (2003-2022)	7.64%
30 years (1993-2022)	7.52%

May 30, 2023

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What is the average mutual fund return over 20 years? ›

What is the average mutual fund return? The 20-year return on mutual funds averages 4.67%. The actual return varies based on the funds chosen and time in the fund.