Stock market returns since 1970
If you invested $100 in the S&P 500 at the beginning of 1970, you would have about $22,136.93 at the end of 2023, assuming you reinvested all dividends. This is a return on investment of 22,036.93%, or 10.59% per year.
This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 2,697.30% cumulatively, or 6.40% per year.
If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $21,442.61.
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 $22,036.93, or 22,036.93%. This means by 2023 you would have $22,136.93 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 1970 was 38.800 and the CPI in 2023 was 307.051.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 53 years.
Adjusted for inflation, the $22,136.93 nominal end value of the original $100 investment would have a real return of roughly $2,697.30 in 1970 dollars. This means the inflation-adjusted return is 2,697.30% as opposed to the original 22,036.93%.
For more information on inflation, see our U.S. inflation calculator for 1970.
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Full monthly data
The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 644-month period between 1970 and 2023.
Note that data shown is the monthly average closing price. Returns include dividends.
| Year | Month | Return (%) | Amount ($) | CPI |
|---|---|---|---|---|
| 1970 | 1 | -3.20% | 96.80 | 37.80 |
| 1970 | 2 | 2.01% | 98.75 | 38.00 |
| 1970 | 3 | -2.75% | 96.04 | 38.20 |
| 1970 | 4 | -11.20% | 85.28 | 38.50 |
| 1970 | 5 | -0.27% | 85.05 | 38.60 |
| 1970 | 6 | 0.52% | 85.50 | 38.80 |
| 1970 | 7 | 3.26% | 88.28 | 39.00 |
| 1970 | 8 | 6.32% | 93.86 | 39.00 |
| 1970 | 9 | 2.49% | 96.20 | 39.20 |
| 1970 | 10 | 0.21% | 96.40 | 39.40 |
| 1970 | 11 | 7.16% | 103.30 | 39.60 |
| 1970 | 12 | 4.11% | 107.54 | 39.80 |
| 1971 | 1 | 4.15% | 112.01 | 39.80 |
| 1971 | 2 | 2.83% | 115.18 | 39.90 |
| 1971 | 3 | 3.67% | 119.41 | 40.00 |
| 1971 | 4 | -1.11% | 118.09 | 40.10 |
| 1971 | 5 | -1.60% | 116.20 | 40.30 |
| 1971 | 6 | -0.46% | 115.67 | 40.60 |
| 1971 | 7 | -1.52% | 113.91 | 40.70 |
| 1971 | 8 | 2.49% | 116.74 | 40.80 |
| 1971 | 9 | -1.86% | 114.57 | 40.80 |
| 1971 | 10 | -4.37% | 109.56 | 40.90 |
| 1971 | 11 | 7.16% | 117.41 | 40.90 |
| 1971 | 12 | 4.42% | 122.60 | 41.10 |
| 1972 | 1 | 2.09% | 125.16 | 41.10 |
| 1972 | 2 | 2.62% | 128.44 | 41.30 |
| 1972 | 3 | 1.26% | 130.05 | 41.40 |
| 1972 | 4 | -0.78% | 129.05 | 41.50 |
| 1972 | 5 | 0.52% | 129.71 | 41.60 |
| 1972 | 6 | -0.50% | 129.06 | 41.70 |
| 1972 | 7 | 3.78% | 133.94 | 41.90 |
| 1972 | 8 | -1.21% | 132.32 | 42.00 |
| 1972 | 9 | 0.42% | 132.87 | 42.10 |
| 1972 | 10 | 5.25% | 139.85 | 42.30 |
| 1972 | 11 | 2.31% | 143.09 | 42.40 |
| 1972 | 12 | 0.99% | 144.50 | 42.50 |
| 1973 | 1 | -3.33% | 139.70 | 42.60 |
| 1973 | 2 | -1.35% | 137.82 | 42.90 |
| 1973 | 3 | -1.63% | 135.57 | 43.30 |
| 1973 | 4 | -2.57% | 132.08 | 43.60 |
| 1973 | 5 | -1.99% | 129.45 | 43.90 |
| 1973 | 6 | 1.21% | 131.02 | 44.20 |
| 1973 | 7 | -1.64% | 128.88 | 44.30 |
| 1973 | 8 | 2.00% | 131.45 | 45.10 |
| 1973 | 9 | 4.24% | 137.02 | 45.20 |
| 1973 | 10 | -6.85% | 127.63 | 45.60 |
| 1973 | 11 | -6.81% | 118.94 | 45.90 |
| 1973 | 12 | 1.70% | 120.96 | 46.20 |
| 1974 | 1 | -2.47% | 117.97 | 46.60 |
| 1974 | 2 | 4.57% | 123.37 | 47.20 |
| 1974 | 3 | -4.82% | 117.43 | 47.80 |
| 1974 | 4 | -2.71% | 114.25 | 48.00 |
| 1974 | 5 | 0.46% | 114.77 | 48.60 |
| 1974 | 6 | -11.35% | 101.75 | 49.00 |
| 1974 | 7 | -3.76% | 97.92 | 49.40 |
| 1974 | 8 | -10.01% | 88.11 | 50.00 |
| 1974 | 9 | 2.38% | 90.21 | 50.60 |
| 1974 | 10 | 3.74% | 93.59 | 51.10 |
| 1974 | 11 | -6.09% | 87.88 | 51.50 |
| 1974 | 12 | 8.63% | 95.47 | 51.90 |
| 1975 | 1 | 10.81% | 105.79 | 52.10 |
| 1975 | 2 | 4.97% | 111.05 | 52.50 |
| 1975 | 3 | 1.49% | 112.70 | 52.70 |
| 1975 | 4 | 6.71% | 120.27 | 52.90 |
| 1975 | 5 | 2.89% | 123.75 | 53.20 |
| 1975 | 6 | 0.43% | 124.28 | 53.60 |
| 1975 | 7 | -7.00% | 115.59 | 54.20 |
| 1975 | 8 | -0.85% | 114.60 | 54.30 |
| 1975 | 9 | 4.97% | 120.30 | 54.60 |
| 1975 | 10 | 2.04% | 122.76 | 54.90 |
| 1975 | 11 | -1.18% | 121.31 | 55.30 |
| 1975 | 12 | 9.55% | 132.89 | 55.50 |
| 1976 | 1 | 4.18% | 138.44 | 55.60 |
| 1976 | 2 | 0.80% | 139.55 | 55.80 |
| 1976 | 3 | 1.10% | 141.08 | 55.90 |
| 1976 | 4 | -0.38% | 140.54 | 56.10 |
| 1976 | 5 | 0.90% | 141.80 | 56.50 |
| 1976 | 6 | 2.67% | 145.58 | 56.80 |
| 1976 | 7 | -0.56% | 144.77 | 57.10 |
| 1976 | 8 | 2.44% | 148.30 | 57.40 |
| 1976 | 9 | -3.11% | 143.69 | 57.60 |
| 1976 | 10 | -0.37% | 143.16 | 57.90 |
| 1976 | 11 | 3.79% | 148.58 | 58.00 |
| 1976 | 12 | -0.54% | 147.78 | 58.20 |
| 1977 | 1 | -2.37% | 144.28 | 58.50 |
| 1977 | 2 | -0.05% | 144.20 | 59.10 |
| 1977 | 3 | -1.19% | 142.48 | 59.50 |
| 1977 | 4 | 0.06% | 142.57 | 60.00 |
| 1977 | 5 | 0.90% | 143.86 | 60.30 |
| 1977 | 6 | 1.28% | 145.70 | 60.70 |
| 1977 | 7 | -2.08% | 142.67 | 61.00 |
| 1977 | 8 | -1.18% | 141.00 | 61.20 |
| 1977 | 9 | -2.20% | 137.90 | 61.40 |
| 1977 | 10 | 0.98% | 139.25 | 61.60 |
| 1977 | 11 | -0.08% | 139.14 | 61.90 |
| 1977 | 12 | -3.39% | 134.42 | 62.10 |
| 1978 | 1 | -0.97% | 133.12 | 62.50 |
| 1978 | 2 | 0.27% | 133.47 | 62.90 |
| 1978 | 3 | 4.83% | 139.92 | 63.40 |
| 1978 | 4 | 5.50% | 147.62 | 63.90 |
| 1978 | 5 | 0.67% | 148.61 | 64.50 |
| 1978 | 6 | -0.06% | 148.52 | 65.20 |
| 1978 | 7 | 7.33% | 159.40 | 65.70 |
| 1978 | 8 | 0.40% | 160.04 | 66.00 |
| 1978 | 9 | -2.77% | 155.60 | 66.50 |
| 1978 | 10 | -5.44% | 147.14 | 67.10 |
| 1978 | 11 | 1.92% | 149.97 | 67.40 |
| 1978 | 12 | 4.19% | 156.25 | 67.70 |
| 1979 | 1 | -1.06% | 154.59 | 68.30 |
| 1979 | 2 | 2.34% | 158.21 | 69.10 |
| 1979 | 3 | 2.43% | 162.06 | 69.80 |
| 1979 | 4 | -1.89% | 158.99 | 70.60 |
| 1979 | 5 | 2.42% | 162.84 | 71.50 |
| 1979 | 6 | 1.42% | 165.15 | 72.30 |
| 1979 | 7 | 5.01% | 173.43 | 73.10 |
| 1979 | 8 | 1.54% | 176.10 | 73.80 |
| 1979 | 9 | -3.35% | 170.20 | 74.60 |
| 1979 | 10 | -0.32% | 169.65 | 75.20 |
| 1979 | 11 | 4.40% | 177.12 | 75.90 |
| 1979 | 12 | 3.31% | 182.99 | 76.70 |
| 1980 | 1 | 4.40% | 191.03 | 77.80 |
| 1980 | 2 | -8.78% | 174.26 | 78.90 |
| 1980 | 3 | -1.16% | 172.24 | 80.10 |
| 1980 | 4 | 5.04% | 180.91 | 81.00 |
| 1980 | 5 | 6.86% | 193.33 | 81.80 |
| 1980 | 6 | 4.97% | 202.94 | 82.70 |
| 1980 | 7 | 3.50% | 210.05 | 82.70 |
| 1980 | 8 | 2.84% | 216.00 | 83.30 |
| 1980 | 9 | 3.32% | 223.19 | 84.00 |
| 1980 | 10 | 4.61% | 233.49 | 84.80 |
| 1980 | 11 | -1.24% | 230.58 | 85.50 |
| 1980 | 12 | 0.01% | 230.60 | 86.30 |
| 1981 | 1 | -3.07% | 223.52 | 87.00 |
| 1981 | 2 | 4.14% | 232.78 | 87.90 |
| 1981 | 3 | 1.29% | 235.80 | 88.50 |
| 1981 | 4 | -1.62% | 231.98 | 89.10 |
| 1981 | 5 | 0.86% | 233.97 | 89.80 |
| 1981 | 6 | -2.02% | 229.25 | 90.60 |
| 1981 | 7 | 0.80% | 231.09 | 91.60 |
| 1981 | 8 | -8.30% | 211.91 | 92.30 |
| 1981 | 9 | 1.73% | 215.57 | 93.20 |
| 1981 | 10 | 3.04% | 222.13 | 93.40 |
| 1981 | 11 | 1.18% | 224.75 | 93.70 |
| 1981 | 12 | -4.80% | 213.95 | 94.00 |
| 1982 | 1 | -1.91% | 209.86 | 94.30 |
| 1982 | 2 | -2.74% | 204.10 | 94.60 |
| 1982 | 3 | 5.47% | 215.26 | 94.50 |
| 1982 | 4 | 0.57% | 216.49 | 94.90 |
| 1982 | 5 | -5.27% | 205.07 | 95.80 |
| 1982 | 6 | 0.24% | 205.58 | 97.00 |
| 1982 | 7 | 0.79% | 207.21 | 97.50 |
| 1982 | 8 | 12.10% | 232.27 | 97.70 |
| 1982 | 9 | 8.88% | 252.90 | 97.90 |
| 1982 | 10 | 4.50% | 264.28 | 98.20 |
| 1982 | 11 | 1.36% | 267.86 | 98.00 |
| 1982 | 12 | 3.93% | 278.38 | 97.60 |
| 1983 | 1 | 2.13% | 284.31 | 97.80 |
| 1983 | 2 | 3.87% | 295.30 | 97.90 |
| 1983 | 3 | 4.20% | 307.69 | 97.90 |
| 1983 | 4 | 4.42% | 321.31 | 98.60 |
| 1983 | 5 | 1.75% | 326.94 | 99.20 |
| 1983 | 6 | 0.71% | 329.26 | 99.50 |
| 1983 | 7 | -2.41% | 321.33 | 99.90 |
| 1983 | 8 | 3.31% | 331.98 | 100.20 |
| 1983 | 9 | 0.65% | 334.13 | 100.70 |
| 1983 | 10 | -1.14% | 330.32 | 101.00 |
| 1983 | 11 | -0.13% | 329.89 | 101.20 |
| 1983 | 12 | 1.58% | 335.09 | 101.30 |
| 1984 | 1 | -5.11% | 317.96 | 101.90 |
| 1984 | 2 | 0.44% | 319.37 | 102.40 |
| 1984 | 3 | 0.51% | 320.99 | 102.60 |
| 1984 | 4 | -0.25% | 320.18 | 103.10 |
| 1984 | 5 | -1.85% | 314.26 | 103.40 |
| 1984 | 6 | -0.91% | 311.40 | 103.70 |
| 1984 | 7 | 9.21% | 340.07 | 104.10 |
| 1984 | 8 | 1.41% | 344.86 | 104.50 |
| 1984 | 9 | -0.41% | 343.44 | 105.00 |
| 1984 | 10 | 1.29% | 347.85 | 105.30 |
| 1984 | 11 | -0.71% | 345.39 | 105.30 |
| 1984 | 12 | 4.70% | 361.62 | 105.30 |
| 1985 | 1 | 5.79% | 382.54 | 105.50 |
| 1985 | 2 | -0.48% | 380.71 | 106.00 |
| 1985 | 3 | 1.02% | 384.61 | 106.40 |
| 1985 | 4 | 2.74% | 395.14 | 106.90 |
| 1985 | 5 | 2.51% | 405.06 | 107.30 |
| 1985 | 6 | 2.25% | 414.16 | 107.60 |
| 1985 | 7 | -1.85% | 406.52 | 107.80 |
| 1985 | 8 | -1.88% | 398.86 | 108.00 |
| 1985 | 9 | 1.50% | 404.82 | 108.30 |
| 1985 | 10 | 6.42% | 430.81 | 108.70 |
| 1985 | 11 | 5.29% | 453.62 | 109.00 |
| 1985 | 12 | 0.75% | 457.03 | 109.30 |
| 1986 | 1 | 5.70% | 483.07 | 109.60 |
| 1986 | 2 | 6.18% | 512.94 | 109.30 |
| 1986 | 3 | 2.74% | 527.00 | 108.80 |
| 1986 | 4 | 0.49% | 529.59 | 108.60 |
| 1986 | 5 | 3.13% | 546.18 | 108.90 |
| 1986 | 6 | -1.80% | 536.33 | 109.50 |
| 1986 | 7 | 2.28% | 548.56 | 109.50 |
| 1986 | 8 | -2.46% | 535.09 | 109.70 |
| 1986 | 9 | -0.09% | 534.61 | 110.20 |
| 1986 | 10 | 3.53% | 553.50 | 110.30 |
| 1986 | 11 | 1.71% | 562.96 | 110.40 |
| 1986 | 12 | 6.67% | 600.52 | 110.50 |
| 1987 | 1 | 6.46% | 639.33 | 111.20 |
| 1987 | 2 | 4.38% | 667.31 | 111.60 |
| 1987 | 3 | -0.86% | 661.59 | 112.10 |
| 1987 | 4 | 0.17% | 662.74 | 112.70 |
| 1987 | 5 | 4.50% | 692.55 | 113.10 |
| 1987 | 6 | 3.12% | 714.17 | 113.50 |
| 1987 | 7 | 6.45% | 760.26 | 113.80 |
| 1987 | 8 | -3.03% | 737.23 | 114.40 |
| 1987 | 9 | -11.85% | 649.84 | 115.00 |
| 1987 | 10 | -12.30% | 569.88 | 115.30 |
| 1987 | 11 | -1.33% | 562.28 | 115.40 |
| 1987 | 12 | 4.25% | 586.15 | 115.40 |
| 1988 | 1 | 3.33% | 605.67 | 115.70 |
| 1988 | 2 | 3.23% | 625.24 | 116.00 |
| 1988 | 3 | -0.89% | 619.70 | 116.50 |
| 1988 | 4 | -2.19% | 606.14 | 117.10 |
| 1988 | 5 | 6.00% | 642.50 | 117.50 |
| 1988 | 6 | -0.31% | 640.53 | 118.00 |
| 1988 | 7 | -1.72% | 629.52 | 118.50 |
| 1988 | 8 | 1.93% | 641.65 | 119.00 |
| 1988 | 9 | 3.80% | 666.04 | 119.80 |
| 1988 | 10 | -2.02% | 652.59 | 120.20 |
| 1988 | 11 | 2.33% | 667.77 | 120.30 |
| 1988 | 12 | 3.51% | 691.22 | 120.50 |
| 1989 | 1 | 3.30% | 714.03 | 121.10 |
| 1989 | 2 | -0.16% | 712.88 | 121.60 |
| 1989 | 3 | 3.56% | 738.29 | 122.30 |
| 1989 | 4 | 4.12% | 768.67 | 123.10 |
| 1989 | 5 | 3.39% | 794.75 | 123.80 |
| 1989 | 6 | 2.80% | 817.01 | 124.10 |
| 1989 | 7 | 4.69% | 855.33 | 124.40 |
| 1989 | 8 | 0.46% | 859.23 | 124.60 |
| 1989 | 9 | 0.29% | 861.69 | 125.00 |
| 1989 | 10 | -1.81% | 846.06 | 125.60 |
| 1989 | 11 | 2.74% | 869.21 | 125.90 |
| 1989 | 12 | -2.21% | 849.99 | 126.10 |
| 1990 | 1 | -2.53% | 828.51 | 127.40 |
| 1990 | 2 | 2.71% | 850.94 | 128.00 |
| 1990 | 3 | 0.20% | 852.61 | 128.70 |
| 1990 | 4 | 3.85% | 885.44 | 128.90 |
| 1990 | 5 | 3.17% | 913.51 | 129.20 |
| 1990 | 6 | 0.17% | 915.06 | 129.90 |
| 1990 | 7 | -7.86% | 843.13 | 130.40 |
| 1990 | 8 | -4.34% | 806.52 | 131.60 |
| 1990 | 9 | -2.32% | 787.85 | 132.70 |
| 1990 | 10 | 2.98% | 811.36 | 133.50 |
| 1990 | 11 | 4.59% | 848.57 | 133.80 |
| 1990 | 12 | -0.69% | 842.75 | 133.80 |
| 1991 | 1 | 11.61% | 940.57 | 134.60 |
| 1991 | 2 | 3.04% | 969.21 | 134.80 |
| 1991 | 3 | 2.26% | 991.10 | 135.00 |
| 1991 | 4 | -0.18% | 989.33 | 135.20 |
| 1991 | 5 | 0.35% | 992.76 | 135.60 |
| 1991 | 6 | 0.78% | 1,000.51 | 136.00 |
| 1991 | 7 | 2.68% | 1,027.31 | 136.20 |
| 1991 | 8 | -0.30% | 1,024.20 | 136.60 |
| 1991 | 9 | 0.18% | 1,026.06 | 137.20 |
| 1991 | 10 | 0.02% | 1,026.22 | 137.40 |
| 1991 | 11 | 0.94% | 1,035.82 | 137.80 |
| 1991 | 12 | 7.36% | 1,112.03 | 137.90 |
| 1992 | 1 | -0.60% | 1,105.35 | 138.10 |
| 1992 | 2 | -1.01% | 1,094.16 | 138.60 |
| 1992 | 3 | 0.26% | 1,097.05 | 139.30 |
| 1992 | 4 | 2.07% | 1,119.74 | 139.50 |
| 1992 | 5 | -1.33% | 1,104.86 | 139.70 |
| 1992 | 6 | 1.91% | 1,125.99 | 140.20 |
| 1992 | 7 | 0.94% | 1,136.59 | 140.50 |
| 1992 | 8 | 0.38% | 1,140.89 | 140.90 |
| 1992 | 9 | -1.18% | 1,127.40 | 141.30 |
| 1992 | 10 | 2.76% | 1,158.49 | 141.80 |
| 1992 | 11 | 3.27% | 1,196.38 | 142.00 |
| 1992 | 12 | 0.14% | 1,198.09 | 141.90 |
| 1993 | 1 | 1.72% | 1,218.75 | 142.60 |
| 1993 | 2 | 2.15% | 1,244.95 | 143.10 |
| 1993 | 3 | -1.34% | 1,228.25 | 143.60 |
| 1993 | 4 | 0.72% | 1,237.15 | 144.00 |
| 1993 | 5 | 0.87% | 1,247.86 | 144.20 |
| 1993 | 6 | 0.06% | 1,248.62 | 144.40 |
| 1993 | 7 | 1.76% | 1,270.62 | 144.40 |
| 1993 | 8 | 1.35% | 1,287.84 | 144.80 |
| 1993 | 9 | 1.24% | 1,303.83 | 145.10 |
| 1993 | 10 | 0.01% | 1,303.93 | 145.70 |
| 1993 | 11 | 0.89% | 1,315.50 | 145.80 |
| 1993 | 12 | 1.74% | 1,338.34 | 145.80 |
| 1994 | 1 | -0.08% | 1,337.32 | 146.20 |
| 1994 | 2 | -1.42% | 1,318.28 | 146.70 |
| 1994 | 3 | -3.35% | 1,274.17 | 147.20 |
| 1994 | 4 | 1.06% | 1,287.65 | 147.40 |
| 1994 | 5 | 1.11% | 1,301.92 | 147.50 |
| 1994 | 6 | -0.52% | 1,295.16 | 148.00 |
| 1994 | 7 | 3.08% | 1,335.08 | 148.40 |
| 1994 | 8 | 0.82% | 1,346.00 | 149.00 |
| 1994 | 9 | -0.44% | 1,340.02 | 149.40 |
| 1994 | 10 | -0.37% | 1,335.06 | 149.50 |
| 1994 | 11 | -1.03% | 1,321.37 | 149.70 |
| 1994 | 12 | 2.45% | 1,353.76 | 149.70 |
| 1995 | 1 | 3.82% | 1,405.46 | 150.30 |
| 1995 | 2 | 2.56% | 1,441.41 | 150.90 |
| 1995 | 3 | 3.22% | 1,487.76 | 151.40 |
| 1995 | 4 | 3.35% | 1,537.57 | 151.90 |
| 1995 | 5 | 3.18% | 1,586.44 | 152.20 |
| 1995 | 6 | 3.55% | 1,642.72 | 152.50 |
| 1995 | 7 | 0.51% | 1,651.15 | 152.50 |
| 1995 | 8 | 3.72% | 1,712.53 | 152.90 |
| 1995 | 9 | 0.91% | 1,728.16 | 153.20 |
| 1995 | 10 | 2.36% | 1,768.92 | 153.70 |
| 1995 | 11 | 3.39% | 1,828.87 | 153.60 |
| 1995 | 12 | 0.16% | 1,831.84 | 153.50 |
| 1996 | 1 | 5.90% | 1,940.00 | 154.40 |
| 1996 | 2 | -0.20% | 1,936.11 | 154.90 |
| 1996 | 3 | 0.20% | 1,939.92 | 155.70 |
| 1996 | 4 | 2.35% | 1,985.60 | 156.30 |
| 1996 | 5 | 1.28% | 2,010.99 | 156.60 |
| 1996 | 6 | -3.48% | 1,941.08 | 156.70 |
| 1996 | 7 | 3.08% | 2,000.78 | 157.00 |
| 1996 | 8 | 2.02% | 2,041.27 | 157.30 |
| 1996 | 9 | 4.12% | 2,125.36 | 157.80 |
| 1996 | 10 | 5.05% | 2,232.74 | 158.30 |
| 1996 | 11 | 1.20% | 2,259.49 | 158.60 |
| 1996 | 12 | 3.26% | 2,333.09 | 158.60 |
| 1997 | 1 | 4.36% | 2,434.84 | 159.10 |
| 1997 | 2 | -0.62% | 2,419.66 | 159.60 |
| 1997 | 3 | -3.41% | 2,337.26 | 160.00 |
| 1997 | 4 | 9.22% | 2,552.71 | 160.20 |
| 1997 | 5 | 5.34% | 2,688.94 | 160.10 |
| 1997 | 6 | 5.74% | 2,843.18 | 160.30 |
| 1997 | 7 | 0.35% | 2,853.06 | 160.50 |
| 1997 | 8 | 1.19% | 2,887.07 | 160.80 |
| 1997 | 9 | 1.65% | 2,934.58 | 161.20 |
| 1997 | 10 | -1.15% | 2,900.77 | 161.60 |
| 1997 | 11 | 2.63% | 2,977.19 | 161.50 |
| 1997 | 12 | 0.24% | 2,984.25 | 161.30 |
| 1998 | 1 | 6.40% | 3,175.31 | 161.60 |
| 1998 | 2 | 5.31% | 3,344.01 | 161.90 |
| 1998 | 3 | 3.41% | 3,457.89 | 162.20 |
| 1998 | 4 | -0.22% | 3,450.22 | 162.50 |
| 1998 | 5 | 0.12% | 3,454.24 | 162.80 |
| 1998 | 6 | 4.47% | 3,608.56 | 163.00 |
| 1998 | 7 | -6.97% | 3,357.01 | 163.20 |
| 1998 | 8 | -4.90% | 3,192.57 | 163.40 |
| 1998 | 9 | 1.29% | 3,233.78 | 163.60 |
| 1998 | 10 | 10.97% | 3,588.67 | 164.00 |
| 1998 | 11 | 4.10% | 3,735.95 | 164.00 |
| 1998 | 12 | 5.05% | 3,924.53 | 163.90 |
| 1999 | 1 | -0.07% | 3,921.91 | 164.30 |
| 1999 | 2 | 2.92% | 4,036.57 | 164.50 |
| 1999 | 3 | 4.25% | 4,208.12 | 165.00 |
| 1999 | 4 | -0.10% | 4,203.97 | 166.20 |
| 1999 | 5 | -0.61% | 4,178.25 | 166.20 |
| 1999 | 6 | 4.52% | 4,367.20 | 166.20 |
| 1999 | 7 | -3.77% | 4,202.37 | 166.70 |
| 1999 | 8 | -0.60% | 4,177.24 | 167.10 |
| 1999 | 9 | -1.27% | 4,124.08 | 167.90 |
| 1999 | 10 | 7.11% | 4,417.14 | 168.20 |
| 1999 | 11 | 2.81% | 4,541.20 | 168.30 |
| 1999 | 12 | -0.12% | 4,535.80 | 168.30 |
| 2000 | 1 | -2.48% | 4,423.40 | 168.80 |
| 2000 | 2 | 3.94% | 4,597.73 | 169.80 |
| 2000 | 3 | 1.42% | 4,663.23 | 171.20 |
| 2000 | 4 | -2.84% | 4,530.85 | 171.30 |
| 2000 | 5 | 3.16% | 4,674.18 | 171.50 |
| 2000 | 6 | 0.85% | 4,713.93 | 172.40 |
| 2000 | 7 | 0.94% | 4,758.23 | 172.80 |
| 2000 | 8 | -1.08% | 4,706.85 | 172.80 |
| 2000 | 9 | -5.21% | 4,461.43 | 173.70 |
| 2000 | 10 | -0.77% | 4,426.96 | 174.00 |
| 2000 | 11 | -3.32% | 4,279.98 | 174.10 |
| 2000 | 12 | 0.46% | 4,299.46 | 174.00 |
| 2001 | 1 | -2.14% | 4,207.61 | 175.10 |
| 2001 | 2 | -9.08% | 3,825.56 | 175.80 |
| 2001 | 3 | 0.45% | 3,842.73 | 176.20 |
| 2001 | 4 | 6.88% | 4,107.08 | 176.90 |
| 2001 | 5 | -2.39% | 4,008.98 | 177.70 |
| 2001 | 6 | -2.66% | 3,902.33 | 178.00 |
| 2001 | 7 | -2.05% | 3,822.49 | 177.50 |
| 2001 | 8 | -11.25% | 3,392.57 | 177.50 |
| 2001 | 9 | 3.18% | 3,500.59 | 178.30 |
| 2001 | 10 | 5.05% | 3,677.48 | 177.70 |
| 2001 | 11 | 1.47% | 3,731.39 | 177.40 |
| 2001 | 12 | -0.30% | 3,720.28 | 176.70 |
| 2002 | 1 | -3.35% | 3,595.55 | 177.10 |
| 2002 | 2 | 4.95% | 3,773.36 | 177.80 |
| 2002 | 3 | -3.51% | 3,640.75 | 178.80 |
| 2002 | 4 | -2.82% | 3,538.06 | 179.80 |
| 2002 | 5 | -5.92% | 3,328.58 | 179.80 |
| 2002 | 6 | -10.76% | 2,970.47 | 179.90 |
| 2002 | 7 | 1.14% | 3,004.30 | 180.10 |
| 2002 | 8 | -4.76% | 2,861.36 | 180.70 |
| 2002 | 9 | -1.37% | 2,822.25 | 181.00 |
| 2002 | 10 | 6.63% | 3,009.24 | 181.30 |
| 2002 | 11 | -1.04% | 2,978.09 | 181.30 |
| 2002 | 12 | -0.22% | 2,971.46 | 180.90 |
| 2003 | 1 | -6.41% | 2,780.85 | 181.70 |
| 2003 | 2 | 1.31% | 2,817.22 | 183.10 |
| 2003 | 3 | 5.29% | 2,966.13 | 184.20 |
| 2003 | 4 | 5.31% | 3,123.70 | 183.80 |
| 2003 | 5 | 5.70% | 3,301.88 | 183.50 |
| 2003 | 6 | 0.60% | 3,321.56 | 183.70 |
| 2003 | 7 | -0.17% | 3,316.03 | 183.90 |
| 2003 | 8 | 3.16% | 3,420.86 | 184.60 |
| 2003 | 9 | 2.03% | 3,490.23 | 185.20 |
| 2003 | 10 | 1.21% | 3,532.48 | 185.00 |
| 2003 | 11 | 3.06% | 3,640.71 | 184.50 |
| 2003 | 12 | 4.93% | 3,820.38 | 184.30 |
| 2004 | 1 | 1.09% | 3,861.89 | 185.20 |
| 2004 | 2 | -1.57% | 3,801.44 | 186.20 |
| 2004 | 3 | 0.97% | 3,838.25 | 187.40 |
| 2004 | 4 | -2.56% | 3,739.83 | 188.00 |
| 2004 | 5 | 2.86% | 3,846.70 | 189.10 |
| 2004 | 6 | -2.24% | 3,760.58 | 189.70 |
| 2004 | 7 | -1.39% | 3,708.40 | 189.40 |
| 2004 | 8 | 2.78% | 3,811.59 | 189.50 |
| 2004 | 9 | 0.10% | 3,815.50 | 189.90 |
| 2004 | 10 | 4.77% | 3,997.65 | 190.90 |
| 2004 | 11 | 2.73% | 4,106.68 | 191.00 |
| 2004 | 12 | -1.35% | 4,051.27 | 190.30 |
| 2005 | 1 | 1.68% | 4,119.38 | 190.70 |
| 2005 | 2 | -0.26% | 4,108.85 | 191.80 |
| 2005 | 3 | -2.41% | 4,009.87 | 193.30 |
| 2005 | 4 | 1.34% | 4,063.44 | 194.60 |
| 2005 | 5 | 2.18% | 4,152.05 | 194.40 |
| 2005 | 6 | 1.81% | 4,227.11 | 194.50 |
| 2005 | 7 | 0.31% | 4,240.22 | 195.40 |
| 2005 | 8 | 0.28% | 4,252.08 | 196.40 |
| 2005 | 9 | -2.62% | 4,140.49 | 198.80 |
| 2005 | 10 | 3.96% | 4,304.52 | 199.20 |
| 2005 | 11 | 2.14% | 4,396.82 | 197.60 |
| 2005 | 12 | 1.47% | 4,461.31 | 196.80 |
| 2006 | 1 | -0.02% | 4,460.56 | 198.30 |
| 2006 | 2 | 1.49% | 4,526.85 | 198.70 |
| 2006 | 3 | 0.80% | 4,562.99 | 199.80 |
| 2006 | 4 | -0.79% | 4,527.10 | 201.50 |
| 2006 | 5 | -2.71% | 4,404.61 | 202.50 |
| 2006 | 6 | 0.72% | 4,436.32 | 202.90 |
| 2006 | 7 | 2.29% | 4,537.99 | 203.50 |
| 2006 | 8 | 2.53% | 4,652.86 | 203.90 |
| 2006 | 9 | 3.62% | 4,821.10 | 202.90 |
| 2006 | 10 | 2.00% | 4,917.60 | 201.80 |
| 2006 | 11 | 2.15% | 5,023.24 | 201.50 |
| 2006 | 12 | 0.69% | 5,058.05 | 201.80 |
| 2007 | 1 | 1.60% | 5,138.77 | 202.42 |
| 2007 | 2 | -2.47% | 5,011.65 | 203.50 |
| 2007 | 3 | 4.18% | 5,221.15 | 205.35 |
| 2007 | 4 | 3.39% | 5,398.23 | 206.69 |
| 2007 | 5 | 0.34% | 5,416.85 | 207.95 |
| 2007 | 6 | 0.57% | 5,447.98 | 208.35 |
| 2007 | 7 | -4.20% | 5,219.10 | 208.30 |
| 2007 | 8 | 3.07% | 5,379.58 | 207.92 |
| 2007 | 9 | 2.99% | 5,540.52 | 208.49 |
| 2007 | 10 | -4.81% | 5,274.22 | 208.94 |
| 2007 | 11 | 1.24% | 5,339.53 | 210.18 |
| 2007 | 12 | -6.64% | 4,985.24 | 210.04 |
| 2008 | 1 | -1.56% | 4,907.27 | 211.08 |
| 2008 | 2 | -2.63% | 4,778.38 | 211.69 |
| 2008 | 3 | 4.24% | 4,981.16 | 213.53 |
| 2008 | 4 | 2.56% | 5,108.81 | 214.82 |
| 2008 | 5 | -4.25% | 4,891.86 | 216.63 |
| 2008 | 6 | -6.08% | 4,594.51 | 218.82 |
| 2008 | 7 | 2.11% | 4,691.48 | 219.96 |
| 2008 | 8 | -4.85% | 4,464.06 | 219.09 |
| 2008 | 9 | -20.19% | 3,562.60 | 218.78 |
| 2008 | 10 | -8.61% | 3,256.03 | 216.57 |
| 2008 | 11 | -0.35% | 3,244.59 | 212.43 |
| 2008 | 12 | -1.10% | 3,209.05 | 210.23 |
| 2009 | 1 | -6.70% | 2,993.96 | 211.14 |
| 2009 | 2 | -5.69% | 2,823.68 | 212.19 |
| 2009 | 3 | 12.32% | 3,171.61 | 212.71 |
| 2009 | 4 | 6.66% | 3,382.83 | 213.24 |
| 2009 | 5 | 2.87% | 3,479.88 | 213.86 |
| 2009 | 6 | 1.28% | 3,524.34 | 215.69 |
| 2009 | 7 | 8.12% | 3,810.54 | 215.35 |
| 2009 | 8 | 3.65% | 3,949.64 | 215.83 |
| 2009 | 9 | 2.40% | 4,044.55 | 215.97 |
| 2009 | 10 | 2.09% | 4,129.26 | 216.18 |
| 2009 | 11 | 2.23% | 4,221.17 | 216.33 |
| 2009 | 12 | 1.36% | 4,278.45 | 215.95 |
| 2010 | 1 | -2.90% | 4,154.44 | 216.69 |
| 2010 | 2 | 5.94% | 4,401.34 | 216.74 |
| 2010 | 3 | 4.09% | 4,581.27 | 217.63 |
| 2010 | 4 | -5.88% | 4,311.78 | 218.01 |
| 2010 | 5 | -3.54% | 4,158.99 | 218.18 |
| 2010 | 6 | -0.16% | 4,152.37 | 217.97 |
| 2010 | 7 | 0.86% | 4,188.23 | 218.01 |
| 2010 | 8 | 3.37% | 4,329.42 | 218.31 |
| 2010 | 9 | 4.58% | 4,527.60 | 218.44 |
| 2010 | 10 | 2.49% | 4,640.38 | 218.71 |
| 2010 | 11 | 3.71% | 4,812.71 | 218.80 |
| 2010 | 12 | 3.46% | 4,979.33 | 219.18 |
| 2011 | 1 | 3.15% | 5,136.23 | 220.22 |
| 2011 | 2 | -1.11% | 5,079.09 | 221.31 |
| 2011 | 3 | 2.22% | 5,191.89 | 223.47 |
| 2011 | 4 | 0.66% | 5,226.12 | 224.91 |
| 2011 | 5 | -3.66% | 5,034.71 | 225.96 |
| 2011 | 6 | 3.10% | 5,190.87 | 225.72 |
| 2011 | 7 | -10.40% | 4,650.99 | 225.92 |
| 2011 | 8 | -0.79% | 4,614.28 | 226.55 |
| 2011 | 9 | 3.02% | 4,753.58 | 226.89 |
| 2011 | 10 | 1.77% | 4,837.58 | 226.42 |
| 2011 | 11 | 1.55% | 4,912.80 | 226.23 |
| 2011 | 12 | 4.78% | 5,147.75 | 225.67 |
| 2012 | 1 | 4.16% | 5,362.03 | 226.67 |
| 2012 | 2 | 2.88% | 5,516.67 | 227.66 |
| 2012 | 3 | -0.04% | 5,514.56 | 229.39 |
| 2012 | 4 | -3.09% | 5,344.11 | 230.09 |
| 2012 | 5 | -1.15% | 5,282.52 | 229.82 |
| 2012 | 6 | 2.92% | 5,436.83 | 229.48 |
| 2012 | 7 | 3.39% | 5,621.01 | 229.10 |
| 2012 | 8 | 3.02% | 5,790.83 | 230.38 |
| 2012 | 9 | -0.22% | 5,778.26 | 231.41 |
| 2012 | 10 | -2.84% | 5,614.30 | 231.32 |
| 2012 | 11 | 2.18% | 5,736.44 | 230.22 |
| 2012 | 12 | 4.27% | 5,981.31 | 229.60 |
| 2013 | 1 | 2.33% | 6,120.86 | 230.28 |
| 2013 | 2 | 2.72% | 6,287.50 | 232.17 |
| 2013 | 3 | 1.45% | 6,378.90 | 232.77 |
| 2013 | 4 | 4.57% | 6,670.69 | 232.53 |
| 2013 | 5 | -1.12% | 6,596.13 | 232.95 |
| 2013 | 6 | 3.25% | 6,810.80 | 233.50 |
| 2013 | 7 | 0.25% | 6,828.00 | 233.60 |
| 2013 | 8 | 1.19% | 6,909.42 | 233.88 |
| 2013 | 9 | 2.12% | 7,055.73 | 234.15 |
| 2013 | 10 | 3.86% | 7,328.08 | 233.55 |
| 2013 | 11 | 1.52% | 7,439.59 | 233.07 |
| 2013 | 12 | 0.97% | 7,511.59 | 233.05 |
| 2014 | 1 | -0.13% | 7,501.82 | 233.92 |
| 2014 | 2 | 2.72% | 7,706.04 | 234.78 |
| 2014 | 3 | 0.20% | 7,721.59 | 236.29 |
| 2014 | 4 | 1.53% | 7,839.88 | 237.07 |
| 2014 | 5 | 3.20% | 8,090.47 | 237.90 |
| 2014 | 6 | 1.50% | 8,211.49 | 238.34 |
| 2014 | 7 | -0.43% | 8,176.43 | 238.25 |
| 2014 | 8 | 1.78% | 8,321.81 | 237.85 |
| 2014 | 9 | -2.65% | 8,101.57 | 238.03 |
| 2014 | 10 | 5.71% | 8,563.82 | 237.43 |
| 2014 | 11 | 0.63% | 8,618.10 | 236.15 |
| 2014 | 12 | -1.11% | 8,522.44 | 234.81 |
| 2015 | 1 | 2.83% | 8,763.40 | 233.71 |
| 2015 | 2 | 0.06% | 8,768.25 | 234.72 |
| 2015 | 3 | 0.88% | 8,845.27 | 236.12 |
| 2015 | 4 | 0.98% | 8,931.86 | 236.60 |
| 2015 | 5 | -0.44% | 8,892.96 | 237.81 |
| 2015 | 6 | -0.08% | 8,885.88 | 238.64 |
| 2015 | 7 | -2.42% | 8,670.45 | 238.65 |
| 2015 | 8 | -4.51% | 8,279.66 | 238.32 |
| 2015 | 9 | 4.32% | 8,637.11 | 237.95 |
| 2015 | 10 | 2.93% | 8,890.39 | 237.84 |
| 2015 | 11 | -1.10% | 8,792.33 | 237.34 |
| 2015 | 12 | -6.42% | 8,227.89 | 236.53 |
| 2016 | 1 | -0.55% | 8,182.65 | 236.92 |
| 2016 | 2 | 6.36% | 8,703.29 | 237.11 |
| 2016 | 3 | 2.83% | 8,949.70 | 238.13 |
| 2016 | 4 | -0.30% | 8,922.46 | 239.26 |
| 2016 | 5 | 1.07% | 9,017.62 | 240.23 |
| 2016 | 6 | 3.30% | 9,314.97 | 241.02 |
| 2016 | 7 | 1.20% | 9,426.68 | 240.63 |
| 2016 | 8 | -0.44% | 9,385.33 | 240.85 |
| 2016 | 9 | -0.51% | 9,337.84 | 241.43 |
| 2016 | 10 | 1.20% | 9,450.00 | 241.73 |
| 2016 | 11 | 3.95% | 9,822.90 | 241.35 |
| 2016 | 12 | 1.44% | 9,964.11 | 241.43 |
| 2017 | 1 | 2.58% | 10,220.83 | 242.84 |
| 2017 | 2 | 1.75% | 10,399.62 | 243.60 |
| 2017 | 3 | -0.15% | 10,383.61 | 243.80 |
| 2017 | 4 | 1.69% | 10,559.34 | 244.52 |
| 2017 | 5 | 1.78% | 10,746.91 | 244.73 |
| 2017 | 6 | 0.99% | 10,853.08 | 244.96 |
| 2017 | 7 | 0.25% | 10,879.98 | 244.79 |
| 2017 | 8 | 1.65% | 11,059.85 | 245.52 |
| 2017 | 9 | 2.73% | 11,362.31 | 246.82 |
| 2017 | 10 | 1.59% | 11,542.93 | 246.66 |
| 2017 | 11 | 2.88% | 11,875.77 | 246.67 |
| 2017 | 12 | 4.86% | 12,453.15 | 246.52 |
| 2018 | 1 | -2.89% | 12,093.67 | 247.87 |
| 2018 | 2 | 0.06% | 12,101.48 | 248.99 |
| 2018 | 3 | -1.66% | 11,900.11 | 249.55 |
| 2018 | 4 | 1.96% | 12,133.55 | 250.55 |
| 2018 | 5 | 2.11% | 12,389.93 | 251.59 |
| 2018 | 6 | 1.58% | 12,585.78 | 251.99 |
| 2018 | 7 | 2.45% | 12,894.23 | 252.01 |
| 2018 | 8 | 1.68% | 13,110.82 | 252.15 |
| 2018 | 9 | -3.85% | 12,606.19 | 252.44 |
| 2018 | 10 | -2.08% | 12,344.47 | 252.89 |
| 2018 | 11 | -5.56% | 11,657.81 | 252.04 |
| 2018 | 12 | 1.74% | 11,860.15 | 251.23 |
| 2019 | 1 | 5.83% | 12,551.46 | 251.71 |
| 2019 | 2 | 1.95% | 12,795.97 | 252.78 |
| 2019 | 3 | 3.72% | 13,272.39 | 254.20 |
| 2019 | 4 | -1.53% | 13,069.09 | 255.55 |
| 2019 | 5 | 1.40% | 13,252.67 | 256.09 |
| 2019 | 6 | 3.83% | 13,759.90 | 256.14 |
| 2019 | 7 | -3.13% | 13,328.61 | 256.57 |
| 2019 | 8 | 3.09% | 13,739.82 | 256.56 |
| 2019 | 9 | 0.01% | 13,741.17 | 256.76 |
| 2019 | 10 | 4.43% | 14,350.41 | 257.35 |
| 2019 | 11 | 2.47% | 14,704.77 | 257.21 |
| 2019 | 12 | 3.35% | 15,196.85 | 256.97 |
| 2020 | 1 | 0.12% | 15,215.40 | 257.97 |
| 2020 | 2 | -18.92% | 12,337.00 | 258.68 |
| 2020 | 3 | 4.32% | 12,869.78 | 258.12 |
| 2020 | 4 | 5.89% | 13,627.47 | 256.39 |
| 2020 | 5 | 6.51% | 14,514.39 | 256.39 |
| 2020 | 6 | 3.48% | 15,018.97 | 257.80 |
| 2020 | 7 | 5.89% | 15,904.11 | 259.10 |
| 2020 | 8 | -0.63% | 15,804.40 | 259.92 |
| 2020 | 9 | 1.73% | 16,077.18 | 260.28 |
| 2020 | 10 | 3.95% | 16,712.89 | 260.39 |
| 2020 | 11 | 4.26% | 17,424.87 | 260.23 |
| 2020 | 12 | 2.80% | 17,911.95 | 260.47 |
| 2021 | 1 | 2.49% | 18,358.23 | 261.58 |
| 2021 | 2 | 0.82% | 18,509.02 | 263.01 |
| 2021 | 3 | 6.02% | 19,623.54 | 264.88 |
| 2021 | 4 | 0.76% | 19,772.72 | 267.05 |
| 2021 | 5 | 1.81% | 20,130.69 | 269.20 |
| 2021 | 6 | 3.07% | 20,748.34 | 271.70 |
| 2021 | 7 | 2.19% | 21,201.73 | 273.00 |
| 2021 | 8 | -0.08% | 21,183.81 | 273.57 |
| 2021 | 9 | 0.45% | 21,279.60 | 274.31 |
| 2021 | 10 | 4.74% | 22,289.26 | 276.59 |
| 2021 | 11 | 0.27% | 22,348.42 | 277.95 |
| 2021 | 12 | -2.05% | 21,889.84 | 278.80 |
| 2022 | 1 | -2.90% | 21,254.47 | 281.15 |
| 2022 | 2 | -0.89% | 21,064.76 | 283.72 |
| 2022 | 3 | 0.12% | 21,089.68 | 287.50 |
| 2022 | 4 | -7.87% | 19,429.34 | 289.11 |
| 2022 | 5 | -3.37% | 18,774.69 | 292.30 |
| 2022 | 6 | 0.46% | 18,861.94 | 296.31 |
| 2022 | 7 | 6.45% | 20,078.04 | 296.28 |
| 2022 | 8 | -7.28% | 18,616.88 | 296.17 |
| 2022 | 9 | -3.09% | 18,041.40 | 296.81 |
| 2022 | 10 | 5.29% | 18,994.90 | 298.01 |
| 2022 | 11 | 0.01% | 18,996.96 | 297.71 |
| 2022 | 12 | 1.38% | 19,258.45 | 296.80 |
| 2023 | 1 | 3.15% | 19,864.51 | 299.17 |
| 2023 | 2 | -2.59% | 19,350.92 | 300.84 |
| 2023 | 3 | 4.00% | 20,124.23 | 301.84 |
| 2023 | 4 | 0.74% | 20,272.68 | 303.36 |
| 2023 | 5 | 4.94% | 21,274.60 | 304.13 |
| 2023 | 6 | 3.88% | 22,099.21 | 305.11 |
| 2023 | 7 | -1.13% | 21,850.59 | 305.69 |
| 2023 | 8 | 1.31% | 22,136.93 | 307.03 |
Click to show 630 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 1970. This would result in a final amount of $21,442.61, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $22,136.93).
| Year | Month | Contribution ($) | Amount ($) |
|---|---|---|---|
| 1970 | 1 | 4.16 | 4.01 |
| 1970 | 2 | 4.16 | 8.33 |
| 1970 | 3 | 4.16 | 12.13 |
| 1970 | 4 | 4.16 | 14.45 |
| 1970 | 5 | 4.16 | 18.55 |
| 1970 | 6 | 4.16 | 22.81 |
| 1970 | 7 | 4.16 | 27.84 |
| 1970 | 8 | 4.16 | 34.01 |
| 1970 | 9 | 4.16 | 39.10 |
| 1970 | 10 | 4.16 | 43.34 |
| 1970 | 11 | 4.16 | 50.89 |
| 1970 | 12 | 4.16 | 57.30 |
| 1971 | 1 | 4.16 | 64.00 |
| 1971 | 2 | 4.16 | 70.07 |
| 1971 | 3 | 4.16 | 76.95 |
| 1971 | 4 | 4.16 | 80.20 |
| 1971 | 5 | 4.16 | 83.01 |
| 1971 | 6 | 4.16 | 86.75 |
| 1971 | 7 | 4.16 | 89.52 |
| 1971 | 8 | 4.16 | 96.00 |
| 1971 | 9 | 4.16 | 98.28 |
| 1971 | 10 | 4.16 | 97.95 |
| 1971 | 11 | 4.16 | 109.42 |
| 1971 | 12 | 4.32 | 118.75 |
| 1972 | 1 | - | 121.23 |
| 1972 | 2 | - | 124.41 |
| 1972 | 3 | - | 125.98 |
| 1972 | 4 | - | 125.00 |
| 1972 | 5 | - | 125.64 |
| 1972 | 6 | - | 125.01 |
| 1972 | 7 | - | 129.74 |
| 1972 | 8 | - | 128.17 |
| 1972 | 9 | - | 128.70 |
| 1972 | 10 | - | 135.47 |
| 1972 | 11 | - | 138.60 |
| 1972 | 12 | - | 139.97 |
| 1973 | 1 | - | 135.32 |
| 1973 | 2 | - | 133.49 |
| 1973 | 3 | - | 131.31 |
| 1973 | 4 | - | 127.94 |
| 1973 | 5 | - | 125.39 |
| 1973 | 6 | - | 126.91 |
| 1973 | 7 | - | 124.84 |
| 1973 | 8 | - | 127.33 |
| 1973 | 9 | - | 132.72 |
| 1973 | 10 | - | 123.62 |
| 1973 | 11 | - | 115.21 |
| 1973 | 12 | - | 117.17 |
| 1974 | 1 | - | 114.27 |
| 1974 | 2 | - | 119.50 |
| 1974 | 3 | - | 113.74 |
| 1974 | 4 | - | 110.67 |
| 1974 | 5 | - | 111.17 |
| 1974 | 6 | - | 98.56 |
| 1974 | 7 | - | 94.85 |
| 1974 | 8 | - | 85.35 |
| 1974 | 9 | - | 87.38 |
| 1974 | 10 | - | 90.65 |
| 1974 | 11 | - | 85.13 |
| 1974 | 12 | - | 92.48 |
| 1975 | 1 | - | 102.47 |
| 1975 | 2 | - | 107.57 |
| 1975 | 3 | - | 109.17 |
| 1975 | 4 | - | 116.50 |
| 1975 | 5 | - | 119.87 |
| 1975 | 6 | - | 120.39 |
| 1975 | 7 | - | 111.96 |
| 1975 | 8 | - | 111.01 |
| 1975 | 9 | - | 116.53 |
| 1975 | 10 | - | 118.91 |
| 1975 | 11 | - | 117.50 |
| 1975 | 12 | - | 128.72 |
| 1976 | 1 | - | 134.10 |
| 1976 | 2 | - | 135.17 |
| 1976 | 3 | - | 136.65 |
| 1976 | 4 | - | 136.13 |
| 1976 | 5 | - | 137.36 |
| 1976 | 6 | - | 141.02 |
| 1976 | 7 | - | 140.23 |
| 1976 | 8 | - | 143.65 |
| 1976 | 9 | - | 139.18 |
| 1976 | 10 | - | 138.67 |
| 1976 | 11 | - | 143.92 |
| 1976 | 12 | - | 143.15 |
| 1977 | 1 | - | 139.76 |
| 1977 | 2 | - | 139.68 |
| 1977 | 3 | - | 138.01 |
| 1977 | 4 | - | 138.10 |
| 1977 | 5 | - | 139.35 |
| 1977 | 6 | - | 141.13 |
| 1977 | 7 | - | 138.20 |
| 1977 | 8 | - | 136.57 |
| 1977 | 9 | - | 133.57 |
| 1977 | 10 | - | 134.88 |
| 1977 | 11 | - | 134.78 |
| 1977 | 12 | - | 130.21 |
| 1978 | 1 | - | 128.94 |
| 1978 | 2 | - | 129.28 |
| 1978 | 3 | - | 135.53 |
| 1978 | 4 | - | 142.99 |
| 1978 | 5 | - | 143.95 |
| 1978 | 6 | - | 143.86 |
| 1978 | 7 | - | 154.40 |
| 1978 | 8 | - | 155.02 |
| 1978 | 9 | - | 150.72 |
| 1978 | 10 | - | 142.53 |
| 1978 | 11 | - | 145.27 |
| 1978 | 12 | - | 151.35 |
| 1979 | 1 | - | 149.75 |
| 1979 | 2 | - | 153.25 |
| 1979 | 3 | - | 156.98 |
| 1979 | 4 | - | 154.01 |
| 1979 | 5 | - | 157.73 |
| 1979 | 6 | - | 159.97 |
| 1979 | 7 | - | 167.99 |
| 1979 | 8 | - | 170.58 |
| 1979 | 9 | - | 164.86 |
| 1979 | 10 | - | 164.33 |
| 1979 | 11 | - | 171.57 |
| 1979 | 12 | - | 177.25 |
| 1980 | 1 | - | 185.04 |
| 1980 | 2 | - | 168.80 |
| 1980 | 3 | - | 166.84 |
| 1980 | 4 | - | 175.24 |
| 1980 | 5 | - | 187.26 |
| 1980 | 6 | - | 196.57 |
| 1980 | 7 | - | 203.46 |
| 1980 | 8 | - | 209.23 |
| 1980 | 9 | - | 216.19 |
| 1980 | 10 | - | 226.16 |
| 1980 | 11 | - | 223.35 |
| 1980 | 12 | - | 223.37 |
| 1981 | 1 | - | 216.51 |
| 1981 | 2 | - | 225.48 |
| 1981 | 3 | - | 228.40 |
| 1981 | 4 | - | 224.71 |
| 1981 | 5 | - | 226.63 |
| 1981 | 6 | - | 222.06 |
| 1981 | 7 | - | 223.85 |
| 1981 | 8 | - | 205.26 |
| 1981 | 9 | - | 208.81 |
| 1981 | 10 | - | 215.16 |
| 1981 | 11 | - | 217.70 |
| 1981 | 12 | - | 207.24 |
| 1982 | 1 | - | 203.27 |
| 1982 | 2 | - | 197.69 |
| 1982 | 3 | - | 208.51 |
| 1982 | 4 | - | 209.70 |
| 1982 | 5 | - | 198.64 |
| 1982 | 6 | - | 199.13 |
| 1982 | 7 | - | 200.71 |
| 1982 | 8 | - | 224.99 |
| 1982 | 9 | - | 244.97 |
| 1982 | 10 | - | 255.99 |
| 1982 | 11 | - | 259.46 |
| 1982 | 12 | - | 269.65 |
| 1983 | 1 | - | 275.39 |
| 1983 | 2 | - | 286.04 |
| 1983 | 3 | - | 298.04 |
| 1983 | 4 | - | 311.23 |
| 1983 | 5 | - | 316.69 |
| 1983 | 6 | - | 318.93 |
| 1983 | 7 | - | 311.25 |
| 1983 | 8 | - | 321.57 |
| 1983 | 9 | - | 323.65 |
| 1983 | 10 | - | 319.95 |
| 1983 | 11 | - | 319.54 |
| 1983 | 12 | - | 324.58 |
| 1984 | 1 | - | 307.99 |
| 1984 | 2 | - | 309.35 |
| 1984 | 3 | - | 310.92 |
| 1984 | 4 | - | 310.13 |
| 1984 | 5 | - | 304.40 |
| 1984 | 6 | - | 301.64 |
| 1984 | 7 | - | 329.41 |
| 1984 | 8 | - | 334.04 |
| 1984 | 9 | - | 332.66 |
| 1984 | 10 | - | 336.94 |
| 1984 | 11 | - | 334.56 |
| 1984 | 12 | - | 350.27 |
| 1985 | 1 | - | 370.54 |
| 1985 | 2 | - | 368.77 |
| 1985 | 3 | - | 372.55 |
| 1985 | 4 | - | 382.74 |
| 1985 | 5 | - | 392.35 |
| 1985 | 6 | - | 401.17 |
| 1985 | 7 | - | 393.77 |
| 1985 | 8 | - | 386.35 |
| 1985 | 9 | - | 392.12 |
| 1985 | 10 | - | 417.30 |
| 1985 | 11 | - | 439.39 |
| 1985 | 12 | - | 442.70 |
| 1986 | 1 | - | 467.92 |
| 1986 | 2 | - | 496.85 |
| 1986 | 3 | - | 510.47 |
| 1986 | 4 | - | 512.98 |
| 1986 | 5 | - | 529.05 |
| 1986 | 6 | - | 519.51 |
| 1986 | 7 | - | 531.36 |
| 1986 | 8 | - | 518.31 |
| 1986 | 9 | - | 517.84 |
| 1986 | 10 | - | 536.14 |
| 1986 | 11 | - | 545.30 |
| 1986 | 12 | - | 581.69 |
| 1987 | 1 | - | 619.28 |
| 1987 | 2 | - | 646.38 |
| 1987 | 3 | - | 640.84 |
| 1987 | 4 | - | 641.95 |
| 1987 | 5 | - | 670.83 |
| 1987 | 6 | - | 691.77 |
| 1987 | 7 | - | 736.42 |
| 1987 | 8 | - | 714.10 |
| 1987 | 9 | - | 629.45 |
| 1987 | 10 | - | 552.01 |
| 1987 | 11 | - | 544.64 |
| 1987 | 12 | - | 567.77 |
| 1988 | 1 | - | 586.67 |
| 1988 | 2 | - | 605.63 |
| 1988 | 3 | - | 600.26 |
| 1988 | 4 | - | 587.13 |
| 1988 | 5 | - | 622.35 |
| 1988 | 6 | - | 620.44 |
| 1988 | 7 | - | 609.77 |
| 1988 | 8 | - | 621.52 |
| 1988 | 9 | - | 645.15 |
| 1988 | 10 | - | 632.12 |
| 1988 | 11 | - | 646.82 |
| 1988 | 12 | - | 669.54 |
| 1989 | 1 | - | 691.64 |
| 1989 | 2 | - | 690.52 |
| 1989 | 3 | - | 715.13 |
| 1989 | 4 | - | 744.56 |
| 1989 | 5 | - | 769.82 |
| 1989 | 6 | - | 791.38 |
| 1989 | 7 | - | 828.50 |
| 1989 | 8 | - | 832.28 |
| 1989 | 9 | - | 834.66 |
| 1989 | 10 | - | 819.52 |
| 1989 | 11 | - | 841.95 |
| 1989 | 12 | - | 823.33 |
| 1990 | 1 | - | 802.53 |
| 1990 | 2 | - | 824.25 |
| 1990 | 3 | - | 825.87 |
| 1990 | 4 | - | 857.67 |
| 1990 | 5 | - | 884.86 |
| 1990 | 6 | - | 886.36 |
| 1990 | 7 | - | 816.68 |
| 1990 | 8 | - | 781.23 |
| 1990 | 9 | - | 763.14 |
| 1990 | 10 | - | 785.91 |
| 1990 | 11 | - | 821.95 |
| 1990 | 12 | - | 816.32 |
| 1991 | 1 | - | 911.07 |
| 1991 | 2 | - | 938.81 |
| 1991 | 3 | - | 960.02 |
| 1991 | 4 | - | 958.30 |
| 1991 | 5 | - | 961.62 |
| 1991 | 6 | - | 969.13 |
| 1991 | 7 | - | 995.09 |
| 1991 | 8 | - | 992.08 |
| 1991 | 9 | - | 993.88 |
| 1991 | 10 | - | 994.03 |
| 1991 | 11 | - | 1,003.33 |
| 1991 | 12 | - | 1,077.16 |
| 1992 | 1 | - | 1,070.68 |
| 1992 | 2 | - | 1,059.84 |
| 1992 | 3 | - | 1,062.64 |
| 1992 | 4 | - | 1,084.62 |
| 1992 | 5 | - | 1,070.21 |
| 1992 | 6 | - | 1,090.67 |
| 1992 | 7 | - | 1,100.94 |
| 1992 | 8 | - | 1,105.11 |
| 1992 | 9 | - | 1,092.04 |
| 1992 | 10 | - | 1,122.15 |
| 1992 | 11 | - | 1,158.86 |
| 1992 | 12 | - | 1,160.51 |
| 1993 | 1 | - | 1,180.52 |
| 1993 | 2 | - | 1,205.91 |
| 1993 | 3 | - | 1,189.73 |
| 1993 | 4 | - | 1,198.35 |
| 1993 | 5 | - | 1,208.72 |
| 1993 | 6 | - | 1,209.45 |
| 1993 | 7 | - | 1,230.77 |
| 1993 | 8 | - | 1,247.45 |
| 1993 | 9 | - | 1,262.94 |
| 1993 | 10 | - | 1,263.03 |
| 1993 | 11 | - | 1,274.24 |
| 1993 | 12 | - | 1,296.36 |
| 1994 | 1 | - | 1,295.38 |
| 1994 | 2 | - | 1,276.93 |
| 1994 | 3 | - | 1,234.20 |
| 1994 | 4 | - | 1,247.26 |
| 1994 | 5 | - | 1,261.08 |
| 1994 | 6 | - | 1,254.54 |
| 1994 | 7 | - | 1,293.21 |
| 1994 | 8 | - | 1,303.78 |
| 1994 | 9 | - | 1,297.99 |
| 1994 | 10 | - | 1,293.19 |
| 1994 | 11 | - | 1,279.92 |
| 1994 | 12 | - | 1,311.30 |
| 1995 | 1 | - | 1,361.38 |
| 1995 | 2 | - | 1,396.20 |
| 1995 | 3 | - | 1,441.10 |
| 1995 | 4 | - | 1,489.34 |
| 1995 | 5 | - | 1,536.68 |
| 1995 | 6 | - | 1,591.20 |
| 1995 | 7 | - | 1,599.36 |
| 1995 | 8 | - | 1,658.82 |
| 1995 | 9 | - | 1,673.96 |
| 1995 | 10 | - | 1,713.43 |
| 1995 | 11 | - | 1,771.51 |
| 1995 | 12 | - | 1,774.39 |
| 1996 | 1 | - | 1,879.15 |
| 1996 | 2 | - | 1,875.38 |
| 1996 | 3 | - | 1,879.08 |
| 1996 | 4 | - | 1,923.33 |
| 1996 | 5 | - | 1,947.92 |
| 1996 | 6 | - | 1,880.20 |
| 1996 | 7 | - | 1,938.03 |
| 1996 | 8 | - | 1,977.25 |
| 1996 | 9 | - | 2,058.70 |
| 1996 | 10 | - | 2,162.71 |
| 1996 | 11 | - | 2,188.62 |
| 1996 | 12 | - | 2,259.92 |
| 1997 | 1 | - | 2,358.47 |
| 1997 | 2 | - | 2,343.77 |
| 1997 | 3 | - | 2,263.95 |
| 1997 | 4 | - | 2,472.64 |
| 1997 | 5 | - | 2,604.60 |
| 1997 | 6 | - | 2,754.00 |
| 1997 | 7 | - | 2,763.58 |
| 1997 | 8 | - | 2,796.52 |
| 1997 | 9 | - | 2,842.53 |
| 1997 | 10 | - | 2,809.79 |
| 1997 | 11 | - | 2,883.81 |
| 1997 | 12 | - | 2,890.65 |
| 1998 | 1 | - | 3,075.71 |
| 1998 | 2 | - | 3,239.12 |
| 1998 | 3 | - | 3,349.44 |
| 1998 | 4 | - | 3,342.01 |
| 1998 | 5 | - | 3,345.90 |
| 1998 | 6 | - | 3,495.38 |
| 1998 | 7 | - | 3,251.72 |
| 1998 | 8 | - | 3,092.43 |
| 1998 | 9 | - | 3,132.35 |
| 1998 | 10 | - | 3,476.11 |
| 1998 | 11 | - | 3,618.77 |
| 1998 | 12 | - | 3,801.44 |
| 1999 | 1 | - | 3,798.90 |
| 1999 | 2 | - | 3,909.96 |
| 1999 | 3 | - | 4,076.14 |
| 1999 | 4 | - | 4,072.11 |
| 1999 | 5 | - | 4,047.20 |
| 1999 | 6 | - | 4,230.23 |
| 1999 | 7 | - | 4,070.56 |
| 1999 | 8 | - | 4,046.22 |
| 1999 | 9 | - | 3,994.73 |
| 1999 | 10 | - | 4,278.60 |
| 1999 | 11 | - | 4,398.77 |
| 1999 | 12 | - | 4,393.54 |
| 2000 | 1 | - | 4,284.66 |
| 2000 | 2 | - | 4,453.52 |
| 2000 | 3 | - | 4,516.97 |
| 2000 | 4 | - | 4,388.74 |
| 2000 | 5 | - | 4,527.58 |
| 2000 | 6 | - | 4,566.08 |
| 2000 | 7 | - | 4,608.99 |
| 2000 | 8 | - | 4,559.22 |
| 2000 | 9 | - | 4,321.50 |
| 2000 | 10 | - | 4,288.11 |
| 2000 | 11 | - | 4,145.74 |
| 2000 | 12 | - | 4,164.60 |
| 2001 | 1 | - | 4,075.64 |
| 2001 | 2 | - | 3,705.57 |
| 2001 | 3 | - | 3,722.20 |
| 2001 | 4 | - | 3,978.26 |
| 2001 | 5 | - | 3,883.24 |
| 2001 | 6 | - | 3,779.93 |
| 2001 | 7 | - | 3,702.60 |
| 2001 | 8 | - | 3,286.16 |
| 2001 | 9 | - | 3,390.79 |
| 2001 | 10 | - | 3,562.13 |
| 2001 | 11 | - | 3,614.35 |
| 2001 | 12 | - | 3,603.60 |
| 2002 | 1 | - | 3,482.78 |
| 2002 | 2 | - | 3,655.01 |
| 2002 | 3 | - | 3,526.56 |
| 2002 | 4 | - | 3,427.09 |
| 2002 | 5 | - | 3,224.18 |
| 2002 | 6 | - | 2,877.30 |
| 2002 | 7 | - | 2,910.07 |
| 2002 | 8 | - | 2,771.62 |
| 2002 | 9 | - | 2,733.73 |
| 2002 | 10 | - | 2,914.85 |
| 2002 | 11 | - | 2,884.68 |
| 2002 | 12 | - | 2,878.26 |
| 2003 | 1 | - | 2,693.63 |
| 2003 | 2 | - | 2,728.86 |
| 2003 | 3 | - | 2,873.10 |
| 2003 | 4 | - | 3,025.73 |
| 2003 | 5 | - | 3,198.32 |
| 2003 | 6 | - | 3,217.38 |
| 2003 | 7 | - | 3,212.03 |
| 2003 | 8 | - | 3,313.56 |
| 2003 | 9 | - | 3,380.76 |
| 2003 | 10 | - | 3,421.68 |
| 2003 | 11 | - | 3,526.52 |
| 2003 | 12 | - | 3,700.55 |
| 2004 | 1 | - | 3,740.76 |
| 2004 | 2 | - | 3,682.21 |
| 2004 | 3 | - | 3,717.86 |
| 2004 | 4 | - | 3,622.53 |
| 2004 | 5 | - | 3,726.05 |
| 2004 | 6 | - | 3,642.63 |
| 2004 | 7 | - | 3,592.08 |
| 2004 | 8 | - | 3,692.04 |
| 2004 | 9 | - | 3,695.83 |
| 2004 | 10 | - | 3,872.26 |
| 2004 | 11 | - | 3,977.88 |
| 2004 | 12 | - | 3,924.21 |
| 2005 | 1 | - | 3,990.18 |
| 2005 | 2 | - | 3,979.98 |
| 2005 | 3 | - | 3,884.11 |
| 2005 | 4 | - | 3,935.99 |
| 2005 | 5 | - | 4,021.83 |
| 2005 | 6 | - | 4,094.53 |
| 2005 | 7 | - | 4,107.23 |
| 2005 | 8 | - | 4,118.71 |
| 2005 | 9 | - | 4,010.63 |
| 2005 | 10 | - | 4,169.51 |
| 2005 | 11 | - | 4,258.91 |
| 2005 | 12 | - | 4,321.38 |
| 2006 | 1 | - | 4,320.66 |
| 2006 | 2 | - | 4,384.87 |
| 2006 | 3 | - | 4,419.88 |
| 2006 | 4 | - | 4,385.11 |
| 2006 | 5 | - | 4,266.46 |
| 2006 | 6 | - | 4,297.18 |
| 2006 | 7 | - | 4,395.66 |
| 2006 | 8 | - | 4,506.92 |
| 2006 | 9 | - | 4,669.89 |
| 2006 | 10 | - | 4,763.36 |
| 2006 | 11 | - | 4,865.69 |
| 2006 | 12 | - | 4,899.40 |
| 2007 | 1 | - | 4,977.60 |
| 2007 | 2 | - | 4,854.46 |
| 2007 | 3 | - | 5,057.39 |
| 2007 | 4 | - | 5,228.92 |
| 2007 | 5 | - | 5,246.96 |
| 2007 | 6 | - | 5,277.11 |
| 2007 | 7 | - | 5,055.41 |
| 2007 | 8 | - | 5,210.85 |
| 2007 | 9 | - | 5,366.74 |
| 2007 | 10 | - | 5,108.80 |
| 2007 | 11 | - | 5,172.05 |
| 2007 | 12 | - | 4,828.88 |
| 2008 | 1 | - | 4,753.36 |
| 2008 | 2 | - | 4,628.50 |
| 2008 | 3 | - | 4,824.93 |
| 2008 | 4 | - | 4,948.57 |
| 2008 | 5 | - | 4,738.43 |
| 2008 | 6 | - | 4,450.40 |
| 2008 | 7 | - | 4,544.33 |
| 2008 | 8 | - | 4,324.04 |
| 2008 | 9 | - | 3,450.86 |
| 2008 | 10 | - | 3,153.90 |
| 2008 | 11 | - | 3,142.83 |
| 2008 | 12 | - | 3,108.40 |
| 2009 | 1 | - | 2,900.06 |
| 2009 | 2 | - | 2,735.12 |
| 2009 | 3 | - | 3,072.13 |
| 2009 | 4 | - | 3,276.73 |
| 2009 | 5 | - | 3,370.73 |
| 2009 | 6 | - | 3,413.80 |
| 2009 | 7 | - | 3,691.03 |
| 2009 | 8 | - | 3,825.76 |
| 2009 | 9 | - | 3,917.70 |
| 2009 | 10 | - | 3,999.75 |
| 2009 | 11 | - | 4,088.78 |
| 2009 | 12 | - | 4,144.26 |
| 2010 | 1 | - | 4,024.14 |
| 2010 | 2 | - | 4,263.30 |
| 2010 | 3 | - | 4,437.58 |
| 2010 | 4 | - | 4,176.54 |
| 2010 | 5 | - | 4,028.54 |
| 2010 | 6 | - | 4,022.13 |
| 2010 | 7 | - | 4,056.87 |
| 2010 | 8 | - | 4,193.63 |
| 2010 | 9 | - | 4,385.59 |
| 2010 | 10 | - | 4,494.83 |
| 2010 | 11 | - | 4,661.76 |
| 2010 | 12 | - | 4,823.16 |
| 2011 | 1 | - | 4,975.13 |
| 2011 | 2 | - | 4,919.78 |
| 2011 | 3 | - | 5,029.05 |
| 2011 | 4 | - | 5,062.21 |
| 2011 | 5 | - | 4,876.80 |
| 2011 | 6 | - | 5,028.06 |
| 2011 | 7 | - | 4,505.11 |
| 2011 | 8 | - | 4,469.55 |
| 2011 | 9 | - | 4,604.49 |
| 2011 | 10 | - | 4,685.85 |
| 2011 | 11 | - | 4,758.71 |
| 2011 | 12 | - | 4,986.29 |
| 2012 | 1 | - | 5,193.85 |
| 2012 | 2 | - | 5,343.64 |
| 2012 | 3 | - | 5,341.60 |
| 2012 | 4 | - | 5,176.49 |
| 2012 | 5 | - | 5,116.83 |
| 2012 | 6 | - | 5,266.30 |
| 2012 | 7 | - | 5,444.71 |
| 2012 | 8 | - | 5,609.20 |
| 2012 | 9 | - | 5,597.02 |
| 2012 | 10 | - | 5,438.21 |
| 2012 | 11 | - | 5,556.52 |
| 2012 | 12 | - | 5,793.71 |
| 2013 | 1 | - | 5,928.88 |
| 2013 | 2 | - | 6,090.29 |
| 2013 | 3 | - | 6,178.83 |
| 2013 | 4 | - | 6,461.47 |
| 2013 | 5 | - | 6,389.24 |
| 2013 | 6 | - | 6,597.18 |
| 2013 | 7 | - | 6,613.84 |
| 2013 | 8 | - | 6,692.71 |
| 2013 | 9 | - | 6,834.43 |
| 2013 | 10 | - | 7,098.24 |
| 2013 | 11 | - | 7,206.25 |
| 2013 | 12 | - | 7,275.99 |
| 2014 | 1 | - | 7,266.53 |
| 2014 | 2 | - | 7,464.34 |
| 2014 | 3 | - | 7,479.40 |
| 2014 | 4 | - | 7,593.99 |
| 2014 | 5 | - | 7,836.72 |
| 2014 | 6 | - | 7,953.94 |
| 2014 | 7 | - | 7,919.98 |
| 2014 | 8 | - | 8,060.80 |
| 2014 | 9 | - | 7,847.46 |
| 2014 | 10 | - | 8,295.21 |
| 2014 | 11 | - | 8,347.80 |
| 2014 | 12 | - | 8,255.13 |
| 2015 | 1 | - | 8,488.54 |
| 2015 | 2 | - | 8,493.24 |
| 2015 | 3 | - | 8,567.84 |
| 2015 | 4 | - | 8,651.71 |
| 2015 | 5 | - | 8,614.04 |
| 2015 | 6 | - | 8,607.18 |
| 2015 | 7 | - | 8,398.50 |
| 2015 | 8 | - | 8,019.97 |
| 2015 | 9 | - | 8,366.21 |
| 2015 | 10 | - | 8,611.54 |
| 2015 | 11 | - | 8,516.56 |
| 2015 | 12 | - | 7,969.83 |
| 2016 | 1 | - | 7,926.00 |
| 2016 | 2 | - | 8,430.31 |
| 2016 | 3 | - | 8,669.00 |
| 2016 | 4 | - | 8,642.61 |
| 2016 | 5 | - | 8,734.78 |
| 2016 | 6 | - | 9,022.81 |
| 2016 | 7 | - | 9,131.01 |
| 2016 | 8 | - | 9,090.96 |
| 2016 | 9 | - | 9,044.96 |
| 2016 | 10 | - | 9,153.61 |
| 2016 | 11 | - | 9,514.80 |
| 2016 | 12 | - | 9,651.59 |
| 2017 | 1 | - | 9,900.26 |
| 2017 | 2 | - | 10,073.44 |
| 2017 | 3 | - | 10,057.93 |
| 2017 | 4 | - | 10,228.14 |
| 2017 | 5 | - | 10,409.84 |
| 2017 | 6 | - | 10,512.68 |
| 2017 | 7 | - | 10,538.73 |
| 2017 | 8 | - | 10,712.96 |
| 2017 | 9 | - | 11,005.94 |
| 2017 | 10 | - | 11,180.89 |
| 2017 | 11 | - | 11,503.29 |
| 2017 | 12 | - | 12,062.56 |
| 2018 | 1 | - | 11,714.36 |
| 2018 | 2 | - | 11,721.92 |
| 2018 | 3 | - | 11,526.87 |
| 2018 | 4 | - | 11,752.98 |
| 2018 | 5 | - | 12,001.32 |
| 2018 | 6 | - | 12,191.03 |
| 2018 | 7 | - | 12,489.81 |
| 2018 | 8 | - | 12,699.61 |
| 2018 | 9 | - | 12,210.80 |
| 2018 | 10 | - | 11,957.29 |
| 2018 | 11 | - | 11,292.17 |
| 2018 | 12 | - | 11,488.16 |
| 2019 | 1 | - | 12,157.79 |
| 2019 | 2 | - | 12,394.63 |
| 2019 | 3 | - | 12,856.11 |
| 2019 | 4 | - | 12,659.18 |
| 2019 | 5 | - | 12,837.01 |
| 2019 | 6 | - | 13,328.32 |
| 2019 | 7 | - | 12,910.56 |
| 2019 | 8 | - | 13,308.88 |
| 2019 | 9 | - | 13,310.18 |
| 2019 | 10 | - | 13,900.32 |
| 2019 | 11 | - | 14,243.56 |
| 2019 | 12 | - | 14,720.21 |
| 2020 | 1 | - | 14,738.18 |
| 2020 | 2 | - | 11,950.05 |
| 2020 | 3 | - | 12,466.13 |
| 2020 | 4 | - | 13,200.05 |
| 2020 | 5 | - | 14,059.15 |
| 2020 | 6 | - | 14,547.91 |
| 2020 | 7 | - | 15,405.29 |
| 2020 | 8 | - | 15,308.70 |
| 2020 | 9 | - | 15,572.92 |
| 2020 | 10 | - | 16,188.70 |
| 2020 | 11 | - | 16,878.35 |
| 2020 | 12 | - | 17,350.15 |
| 2021 | 1 | - | 17,782.43 |
| 2021 | 2 | - | 17,928.49 |
| 2021 | 3 | - | 19,008.05 |
| 2021 | 4 | - | 19,152.56 |
| 2021 | 5 | - | 19,499.30 |
| 2021 | 6 | - | 20,097.58 |
| 2021 | 7 | - | 20,536.74 |
| 2021 | 8 | - | 20,519.39 |
| 2021 | 9 | - | 20,612.17 |
| 2021 | 10 | - | 21,590.17 |
| 2021 | 11 | - | 21,647.47 |
| 2021 | 12 | - | 21,203.27 |
| 2022 | 1 | - | 20,587.83 |
| 2022 | 2 | - | 20,404.07 |
| 2022 | 3 | - | 20,428.21 |
| 2022 | 4 | - | 18,819.95 |
| 2022 | 5 | - | 18,185.83 |
| 2022 | 6 | - | 18,270.34 |
| 2022 | 7 | - | 19,448.30 |
| 2022 | 8 | - | 18,032.97 |
| 2022 | 9 | - | 17,475.54 |
| 2022 | 10 | - | 18,399.14 |
| 2022 | 11 | - | 18,401.13 |
| 2022 | 12 | - | 18,654.41 |
| 2023 | 1 | - | 19,241.46 |
| 2023 | 2 | - | 18,743.99 |
| 2023 | 3 | - | 19,493.04 |
| 2023 | 4 | - | 19,636.84 |
| 2023 | 5 | - | 20,607.33 |
| 2023 | 6 | - | 21,406.08 |
| 2023 | 7 | - | 21,165.25 |
| 2023 | 8 | - | 21,442.61 |
Click to show 630 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.
As a seasoned expert in financial markets and investment, my understanding of stock market trends and dynamics is backed by a wealth of experience and a deep knowledge of historical data. The article you provided discusses the stock market returns since 1970, focusing on the performance of a $100 investment in the S&P 500 index. I'll break down the key concepts used in the article:
-
Overview:
- The article begins by stating that if you invested $100 in the S&P 500 at the beginning of 1970 and reinvested all dividends, your investment would be approximately $22,136.93 by the end of 2023.
- The overall return on investment is calculated as 22,036.93%, with an annualized return of 10.59%.
-
Adjusting for Inflation:
- The article emphasizes the importance of adjusting for inflation when evaluating investment performance over the long term.
- The Consumer Price Index (CPI) is used to calculate the real (inflation-adjusted) value of the investment. The CPI in 1970 was 38.800, and in 2023, it was 307.051.
- Adjusted for inflation, the nominal end value of the original $100 investment is approximately $2,697.30, resulting in an inflation-adjusted return of 2,697.30% compared to the original 22,036.93%.
-
Full Monthly Data:
- The article provides a comprehensive table with monthly data, including returns (%), the amount ($), and the Consumer Price Index (CPI) from 1970 to 2023.
- The data is based on the average monthly closing price of the S&P 500 index and includes dividends.
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Dollar Cost Average:
- The article introduces the concept of dollar-cost averaging, stating that if you used this strategy with a monthly investment instead of a lump sum, you would have approximately $21,442.61.
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Graphs and Downloads:
- Visual representations, such as graphs, are provided to illustrate the performance of the $100 investment over time and the rate of gains and losses by month, including dividends.
- Downloadable files are offered for the performance chart and monthly data for further analysis.
In summary, the article explores the historical performance of the S&P 500 index, considering both nominal and inflation-adjusted returns. It also introduces the concept of dollar-cost averaging as an alternative investment strategy. The provided data and visualizations offer a comprehensive overview of the stock market's long-term returns.
