Stock market returns since 2022
If you invested $100 in the S&P 500 at the beginning of 2022, you would have about $92.85 at the end of 2023, assuming you reinvested all dividends. This is a return on investment of -7.15%, or -6.62% per year.
This lump-sum investment does not beat inflation during this period, for an inflation-adjusted return of -9.18% cumulatively, or -8.50% per year.
If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $103.30.
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.
This chart shows the rate of gains and loss by month, including dividends:
Adjusting stock market return for inflation
The nominal return on investment of $100 is $-7.15, or -7.15%. This means by 2023 you would have $92.85 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 2022 was 292.656 and the CPI in 2023 was 299.170.
The ratio between these CPIs describes how relative buying power of a dollar has changed over 1 year.
Adjusted for inflation, the $92.85 nominal end value of the original $100 investment would have a real return of roughly $-9.18 in 2022 dollars. This means the inflation-adjusted return is -9.18% as opposed to the original -7.15%.
For more information on inflation, see our U.S. inflation calculator for 2022.
Full monthly data
The table below shows the full dataset pertaining to a $100 investment, including gains and losses over the 13-month period between 2022 and 2023.
Note that data shown is the monthly average closing price. Returns include dividends.
| Year | Month | Return (%) | Amount ($) | CPI |
|---|
| 2022 | 1 | -2.90% | 97.10 | 281.15 |
| 2022 | 2 | -0.89% | 96.23 | 283.72 |
| 2022 | 3 | 0.12% | 96.34 | 287.50 |
| 2022 | 4 | -7.87% | 88.76 | 289.11 |
| 2022 | 5 | -3.37% | 85.77 | 292.30 |
| 2022 | 6 | 0.46% | 86.17 | 296.31 |
| 2022 | 7 | 6.45% | 91.72 | 296.28 |
| 2022 | 8 | -7.28% | 85.05 | 296.17 |
| 2022 | 9 | -3.09% | 82.42 | 296.81 |
| 2022 | 10 | 5.29% | 86.77 | 298.01 |
| 2022 | 11 | 0.01% | 86.78 | 297.71 |
| 2022 | 12 | 1.38% | 87.98 | 296.80 |
| 2023 | 1 | 5.53% | 92.85 | 299.17 |
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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 2022. This would result in a final amount of $103.30, including dividend reinvestments. In this particular case, dollar-cost average returns are greater than the returns of a lump-sum investment (which ends with $92.85).
| Year | Month | Contribution ($) | Amount ($) |
|---|
| 2022 | 1 | 7.69 | 7.46 |
| 2022 | 2 | 7.69 | 15.00 |
| 2022 | 3 | 7.69 | 22.71 |
| 2022 | 4 | 7.69 | 28.00 |
| 2022 | 5 | 7.69 | 34.48 |
| 2022 | 6 | 7.69 | 42.35 |
| 2022 | 7 | 7.69 | 53.26 |
| 2022 | 8 | 7.69 | 56.50 |
| 2022 | 9 | 7.69 | 62.20 |
| 2022 | 10 | 7.69 | 73.57 |
| 2022 | 11 | 7.69 | 81.26 |
| 2022 | 12 | 7.69 | 90.16 |
| 2023 | 1 | 7.72 | 103.30 |
Click to show 6 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.
FAQs
If you invested $100 in the S&P 500 at the beginning of 2022, you would have about $101.13 at the end of 2023, assuming you reinvested all dividends. This is a return on investment of 1.13%, or 0.68% per year.
What is the return of the S&P 500 over the last 10 years? ›
Stock Market Average Yearly Return for the Last 10 Years
The historical average yearly return of the S&P 500 is 12.68% over the last 10 years, as of the end of February 2024. This assumes dividends are reinvested. Adjusted for inflation, the 10-year average stock market return (including dividends) is 9.56%.
What has the S&P 500 return year to date? ›
S&P 500 1 Year Return is at 27.86%, compared to 28.36% last month and -9.30% last year. This is higher than the long term average of 6.70%.
What is the total return of the S&P 500 performance? ›
S&P 500 Annual Total Return is at 26.29%, compared to -18.11% last year. This is higher than the long term average of 9.95%.
How much has the sp500 lost in 2022? ›
Contributor. I share strategies for a financially secure and healthy long life. The S&P 500 lost 18.11% during 2022, when you include the return from dividends.
What is the S&P 500 last 2 year return? ›
S&P 500 2 Year Return (I:SP5002YR)
S&P 500 2 Year Return is at 15.98%, compared to 16.51% last month and 3.43% last year. This is higher than the long term average of 14.07%. The S&P 500 2 Year Return is the investment return received for a 2 year period, excluding dividends, when holding the S&P 500 index.
What is the return of the S&P YTD in 2024? ›
So far in 2024 (YTD), the S&P 500 index has returned an average 13.00%.
What is the return of the S&P 500 for the last 3 years? ›
Basic Info. S&P 500 3 Year Return is at 32.26%, compared to 33.72% last month and 58.99% last year.
What has the S&P 500 averaged over the last 30 years? ›
Looking at the S&P 500 for the years 1993 to mid-2023, the average stock market return for the last 30 years is 9.90% (7.22% when adjusted for inflation). Some of this success can be attributed to the dot-com boom in the late 1990s (before the bust), which resulted in high return rates for five consecutive years.
What is the S&P 500 performance over the last 12 months? ›
S&P 500 12 Month Total Return is at 29.88%, compared to 30.45% last month and -7.73% last year.
Price Performance
| Period | Period Low | |
|---|
| 3-Month | 4,845.47 +4.65% on 01/31/24 | Period Open: 4,864.60 |
| 6-Month | 4,103.78 +23.56% on 10/27/23 | Period Open: 4,217.04 |
| YTD | 4,682.11 +8.30% on 01/05/24 | Period Open: 4,769.83 |
| 52-Week | 4,048.28 +25.25% on 05/04/23 | Period Open: 4,133.52 |
7 more rowsPerformance
| 5 Day | 0.96% |
|---|
| 1 Month | -3.39% |
| 3 Month | 4.15% |
| YTD | 6.30% |
| 1 Year | 25.01% |
General ROI: A positive ROI is generally considered good, with a normal ROI of 5-7% often seen as a reasonable expectation. However, a strong general ROI is something greater than 10%. Return on Stocks: On average, a ROI of 7% after inflation is often considered good, based on the historical returns of the market.
What is the difference between sp500 and sp500 total return? ›
The SPTR is different from the standard S&P Index (SPX), which does not include dividend gains. The total return indexes follow a similar pattern in which many mutual funds operate, where all resulting cash payouts are automatically reinvested back into the fund itself.
How much has the S&P returned this year? ›
Performance
| 5 Day | -3.05% |
|---|
| 1 Month | -5.10% |
| 3 Month | 2.63% |
| YTD | 4.14% |
| 1 Year | 20.17% |
S&P 500 5 Year Return is at 85.38%, compared to 83.02% last month and 55.60% last year. This is higher than the long term average of 45.20%. 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.
What is the return of the S&P over the last five years? ›
Average returns
| Period | Average annualised return | Total return |
|---|
| Last year | 30.7% | 30.7% |
| Last 5 years | 15.9% | 109.5% |
| Last 10 years | 15.7% | 331.4% |
| Last 20 years | 10.8% | 682.2% |
If you invested $100 in the S&P 500 at the beginning of 2002, you would have about $595.03 at the end of 2023, assuming you reinvested all dividends. This is a return on investment of 495.03%, or 8.58% per year.
