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 $30,796.24 at the end of 2024, assuming you reinvested all dividends. This is a return on investment of 30,696.24%, or 10.14% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 2,993.89% cumulatively, or 5.95% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $29,709.68.

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 $30,696.24, or 30,696.24%. This means by 2024 you would have $30,796.24 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 2024 was 313.548.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 59 years.

Adjusted for inflation, the $30,796.24 nominal end value of the original $100 investment would have a real return of roughly $2,993.89 in 1965 dollars. This means the inflation-adjusted return is 2,993.89% as opposed to the original 30,696.24%.

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 712-month period between 1965 and 2024.

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	3.15%	24,368.50	299.17
2023	2	-2.59%	23,738.47	300.84
2023	3	4.00%	24,687.12	301.84
2023	4	0.74%	24,869.23	303.36
2023	5	4.94%	26,098.32	304.13
2023	6	3.88%	27,109.90	305.11
2023	7	-1.00%	26,839.44	305.69
2023	8	-0.95%	26,583.50	307.03
2023	9	-3.04%	25,776.08	307.79
2023	10	4.60%	26,962.22	307.67
2023	11	5.18%	28,357.59	307.05
2023	12	2.91%	29,183.31	306.75
2024	1	4.20%	30,408.80	308.42
2024	2	3.28%	31,406.85	310.33
2024	3	-1.01%	31,089.92	312.33
2024	4	-0.94%	30,796.24	313.55

Click to show 702 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 $29,709.68, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $30,796.24).

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	-	23,508.73
2023	2	-	22,900.93
2023	3	-	23,816.10
2023	4	-	23,991.79
2023	5	-	25,177.51
2023	6	-	26,153.40
2023	7	-	25,892.49
2023	8	-	25,645.58
2023	9	-	24,866.65
2023	10	-	26,010.94
2023	11	-	27,357.07
2023	12	-	28,153.66
2024	1	-	29,335.91
2024	2	-	30,298.75
2024	3	-	29,993.00
2024	4	-	29,709.68

Click to show 702 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

What is the average return of the S&P 500 since 1965? ›

Stock market returns since 1965

This is a return on investment of 31,787.31%, or 10.22% per year. This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 3,115.97% cumulatively, or 6.03% per year.

Keep Reading ›

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

The average yearly return of the S&P 500 is 11.35% over the last 50 years, as of the end of April 2024. This assumes dividends are reinvested. Adjusted for inflation, the 50-year average stock market return (including dividends) is 7.26%.

View Details ›

What if I invested $1 000 in the S&P 500 20 years ago? ›

Over the last 20 years, through the end of Feb. 2024, the S&P 500 has posted an average annual return of 9.74%, right about in line with its long-term average. Here's how much you would have now if you invested in the S&P 500 20 years ago, based on varying starting amounts: $1,000 would grow to $2,533.

Get More Info ›

Does Warren Buffett outperform the S&P? ›

Since Buffett took control of Berkshire Hathaway in 1965, the stock has trounced the S&P 500. Its compound annual gain through 2023 was 19.8% versus 10.2% for the broader index. But Buffett says those days of market-trouncing returns are behind it.

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What is the 30 year average return on the S&P 500? ›

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).

Learn More Now ›

What is the average S&P return over 20 years? ›

Average returns

Period	Average annualised return	Total return
Last year	25.7%	25.7%
Last 5 years	14.2%	94.5%
Last 10 years	15.3%	316.2%
Last 20 years	10.6%	651.5%

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

S&P 500: $100 in 1980 → $13,719.04 in 2024

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 3,505.34% cumulatively, or 8.42% per year. If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $11,799.89.

Read On ›

What is the average return on the sp500 last 40 years? ›

40 Years (1982 – 2022): 11.6% annual return. 30 Years (1992 – 2022): 9.64% annual return. 20 Years (2002 – 2022): 8.14% annual return. 10 Years (2012 – 2022): 12.74% annual return.

Find Out More ›

How to turn $1000 into $10000 in a month? ›

6 Ways to Turn $1000 into $10000

Invest in Real Estate.
Invest in Stocks and ETFs.
Get Out of Debt Now.
Start an Online Business.
Retail Arbitrage.
Invest in Yourself.

Jan 23, 2024

How much money will I have if I invest $1000 a month for 20 years? ›

Investing $1,000 a month for 20 years would leave you with around $687,306. The specific amount you end up with depends on your returns -- the S&P 500 has averaged 10% returns over the last 50 years. The more you invest (and the earlier), the more you can take advantage of compound growth.

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What is the 10 year return on Berkshire Hathaway? ›

Ten Year Stock Price Total Return for Berkshire Hathaway is calculated as follows: Last Close Price [ 416.94 ] / Adj Prior Close Price [ 127.13 ] (-) 1 (=) Total Return [ 228.0% ] Prior price dividend adjustment factor is 1.00.

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What was the best stock to buy in 1965? ›

McDonald's (MCD) had the best year in the 1960s by a US stock in 1967, returning 192.5%.

ASSET	YEAR	% RETURN
Motorola Solutions (MSI)	1965	161.81%
Xerox (XRX)	1965	106.65%
Raytheon Technologies (RTX)	1965	91.69%
Boeing (BA)	1964	91.3%

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Is Berkshire Hathaway better than S&P? ›

Historical Performance. Berkshire Hathaway: Has historically outperformed the S&P 500 over the long term under Warren Buffett's leadership. However, past performance doesn't guarantee future results.

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

Stock Market Historical Returns

40 Years (1982 – 2022): 11.6% annual return. 30 Years (1992 – 2022): 9.64% annual return. 20 Years (2002 – 2022): 8.14% annual return.

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What is the average rate of return over the lifetime of the S&P 500 since 1957? ›

The index has returned a historic annualized average return of around 10.26% since its 1957 inception through the end of 2023.

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