S&P 500 Returns since 1960 (2024)

Stock market returns since 1960

If you invested $100 in the S&P 500 at the beginning of 1960, you would have about $58,324.60 at the end of 2024, assuming you reinvested all dividends. This is a return on investment of 58,224.60%, or 10.39% per year.

This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 5,388.68% cumulatively, or 6.42% per year.

If you used dollar-cost averaging (monthly) instead of a lump-sum investment, you'd have $54,078.15.

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 $58,224.60, or 58,224.60%. This means by 2024 you would have $58,324.60 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 1960 was 29.600 and the CPI in 2024 was 314.540.

The ratio between these CPIs describes how relative buying power of a dollar has changed over 64 years.

Adjusted for inflation, the $58,324.60 nominal end value of the original $100 investment would have a real return of roughly $5,388.68 in 1960 dollars. This means the inflation-adjusted return is 5,388.68% as opposed to the original 58,224.60%.

For more information on inflation, see our U.S. inflation calculator for 1960.

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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 773-month period between 1960 and 2024.

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

Year	Month	Return (%)	Amount ($)	CPI
1960	1	-3.61%	96.39	29.30
1960	2	-1.08%	95.35	29.40
1960	3	1.58%	96.86	29.40
1960	4	-0.62%	96.26	29.50
1960	5	3.99%	100.10	29.50
1960	6	-2.20%	97.90	29.60
1960	7	1.49%	99.36	29.60
1960	8	-2.72%	96.65	29.60
1960	9	-1.67%	95.04	29.60
1960	10	3.54%	98.40	29.80
1960	11	2.69%	101.05	29.80
1960	12	5.43%	106.53	29.80
1961	1	4.37%	111.19	29.80
1961	2	3.40%	114.97	29.80
1961	3	2.92%	118.33	29.80
1961	4	1.26%	119.82	29.80
1961	5	-1.08%	118.53	29.80
1961	6	-0.03%	118.49	29.80
1961	7	3.84%	123.04	30.00
1961	8	-0.54%	122.38	29.90
1961	9	1.34%	124.02	30.00
1961	10	4.77%	129.94	30.00
1961	11	1.16%	131.45	30.00
1961	12	-3.49%	126.86	30.00
1962	1	1.91%	129.29	30.00
1962	2	0.34%	129.73	30.10
1962	3	-2.94%	125.91	30.10
1962	4	-7.19%	116.86	30.20
1962	5	-11.41%	103.52	30.20
1962	6	2.72%	106.34	30.20
1962	7	3.02%	109.55	30.30
1962	8	-0.59%	108.90	30.30
1962	9	-2.86%	105.79	30.40
1962	10	7.20%	113.41	30.40
1962	11	4.62%	118.65	30.40
1962	12	4.15%	123.57	30.40
1963	1	1.60%	125.54	30.40
1963	2	-0.11%	125.41	30.40
1963	3	4.98%	131.65	30.50
1963	4	2.27%	134.64	30.50
1963	5	0.22%	134.93	30.50
1963	6	-1.22%	133.28	30.60
1963	7	3.03%	137.32	30.70
1963	8	2.89%	141.30	30.70
1963	9	0.50%	142.00	30.70
1963	10	-0.31%	141.57	30.80
1963	11	2.39%	144.96	30.80
1963	12	3.33%	149.78	30.90
1964	1	1.48%	152.00	30.90
1964	2	2.07%	155.15	30.90
1964	3	1.69%	157.77	30.90
1964	4	1.22%	159.70	30.90
1964	5	-0.35%	159.14	30.90
1964	6	3.96%	165.44	31.00
1964	7	-1.23%	163.42	31.10
1964	8	1.97%	166.63	31.00
1964	9	1.97%	169.91	31.10
1964	10	0.94%	171.50	31.10
1964	11	-1.49%	168.95	31.20
1964	12	2.82%	173.71	31.20
1965	1	0.98%	175.41	31.20
1965	2	0.34%	175.99	31.20
1965	3	1.56%	178.74	31.30
1965	4	1.73%	181.83	31.40
1965	5	-4.51%	173.64	31.40
1965	6	0.10%	173.82	31.60
1965	7	2.12%	177.50	31.60
1965	8	3.60%	183.88	31.60
1965	9	2.50%	188.47	31.60
1965	10	1.08%	190.50	31.70
1965	11	-0.21%	190.10	31.70
1965	12	1.98%	193.86	31.80
1966	1	-0.43%	193.03	31.80
1966	2	-3.86%	185.57	32.00
1966	3	3.32%	191.73	32.10
1966	4	-5.01%	182.13	32.30
1966	5	-0.56%	181.11	32.30
1966	6	0.02%	181.15	32.40
1966	7	-5.77%	170.70	32.50
1966	8	-3.22%	165.19	32.70
1966	9	-0.56%	164.26	32.70
1966	10	5.32%	172.99	32.90
1966	11	0.72%	174.23	32.90
1966	12	4.13%	181.43	32.90
1967	1	3.73%	188.19	32.90
1967	2	2.63%	193.15	32.90
1967	3	1.99%	197.00	33.00
1967	4	2.06%	201.05	33.10
1967	5	-0.99%	199.06	33.20
1967	6	1.99%	203.02	33.30
1967	7	1.85%	206.78	33.40
1967	8	1.65%	210.20	33.50
1967	9	0.10%	210.41	33.60
1967	10	-2.88%	204.34	33.70
1967	11	3.11%	210.70	33.80
1967	12	-0.02%	210.67	33.90
1968	1	-4.26%	201.70	34.10
1968	2	-1.56%	198.55	34.20
1968	3	7.66%	213.77	34.30
1968	4	2.56%	219.23	34.40
1968	5	2.94%	225.68	34.50
1968	6	0.05%	225.79	34.70
1968	7	-1.93%	221.42	34.90
1968	8	3.51%	229.19	35.00
1968	9	2.72%	235.42	35.10
1968	10	1.79%	239.62	35.30
1968	11	1.29%	242.70	35.40
1968	12	-3.99%	233.03	35.50
1969	1	-0.24%	232.47	35.60
1969	2	-1.91%	228.02	35.80
1969	3	2.27%	233.21	36.10
1969	4	3.51%	241.40	36.30
1969	5	-4.97%	229.40	36.40
1969	6	-4.21%	219.76	36.60
1969	7	-0.28%	219.13	36.80
1969	8	0.63%	220.51	37.00
1969	9	1.35%	223.48	37.10
1969	10	1.00%	225.71	37.30
1969	11	-5.03%	214.36	37.50
1969	12	-0.59%	213.10	37.70
1970	1	-3.20%	206.29	37.80
1970	2	2.01%	210.44	38.00
1970	3	-2.75%	204.66	38.20
1970	4	-11.20%	181.74	38.50
1970	5	-0.27%	181.25	38.60
1970	6	0.52%	182.19	38.80
1970	7	3.26%	188.13	39.00
1970	8	6.32%	200.02	39.00
1970	9	2.49%	205.00	39.20
1970	10	0.21%	205.42	39.40
1970	11	7.16%	220.13	39.60
1970	12	4.11%	229.17	39.80
1971	1	4.15%	238.69	39.80
1971	2	2.83%	245.45	39.90
1971	3	3.67%	254.46	40.00
1971	4	-1.11%	251.64	40.10
1971	5	-1.60%	247.63	40.30
1971	6	-0.46%	246.48	40.60
1971	7	-1.52%	242.74	40.70
1971	8	2.49%	248.78	40.80
1971	9	-1.86%	244.14	40.80
1971	10	-4.37%	233.47	40.90
1971	11	7.16%	250.19	40.90
1971	12	4.42%	261.26	41.10
1972	1	2.09%	266.71	41.10
1972	2	2.62%	273.70	41.30
1972	3	1.26%	277.14	41.40
1972	4	-0.78%	274.99	41.50
1972	5	0.52%	276.41	41.60
1972	6	-0.50%	275.02	41.70
1972	7	3.78%	285.43	41.90
1972	8	-1.21%	281.97	42.00
1972	9	0.42%	283.15	42.10
1972	10	5.25%	298.03	42.30
1972	11	2.31%	304.91	42.40
1972	12	0.99%	307.93	42.50
1973	1	-3.33%	297.69	42.60
1973	2	-1.35%	293.69	42.90
1973	3	-1.63%	288.89	43.30
1973	4	-2.57%	281.47	43.60
1973	5	-1.99%	275.87	43.90
1973	6	1.21%	279.20	44.20
1973	7	-1.64%	274.64	44.30
1973	8	2.00%	280.12	45.10
1973	9	4.24%	291.98	45.20
1973	10	-6.85%	271.97	45.60
1973	11	-6.81%	253.46	45.90
1973	12	1.70%	257.77	46.20
1974	1	-2.47%	251.40	46.60
1974	2	4.57%	262.90	47.20
1974	3	-4.82%	250.24	47.80
1974	4	-2.71%	243.47	48.00
1974	5	0.46%	244.58	48.60
1974	6	-11.35%	216.83	49.00
1974	7	-3.76%	208.66	49.40
1974	8	-10.01%	187.77	50.00
1974	9	2.38%	192.23	50.60
1974	10	3.74%	199.43	51.10
1974	11	-6.09%	187.28	51.50
1974	12	8.63%	203.45	51.90
1975	1	10.81%	225.44	52.10
1975	2	4.97%	236.65	52.50
1975	3	1.49%	240.17	52.70
1975	4	6.71%	256.29	52.90
1975	5	2.89%	263.71	53.20
1975	6	0.43%	264.85	53.60
1975	7	-7.00%	246.32	54.20
1975	8	-0.85%	244.22	54.30
1975	9	4.97%	256.36	54.60
1975	10	2.04%	261.59	54.90
1975	11	-1.18%	258.51	55.30
1975	12	9.55%	283.18	55.50
1976	1	4.18%	295.01	55.60
1976	2	0.80%	297.38	55.80
1976	3	1.10%	300.64	55.90
1976	4	-0.38%	299.48	56.10
1976	5	0.90%	302.18	56.50
1976	6	2.67%	310.24	56.80
1976	7	-0.56%	308.50	57.10
1976	8	2.44%	316.02	57.40
1976	9	-3.11%	306.20	57.60
1976	10	-0.37%	305.07	57.90
1976	11	3.79%	316.62	58.00
1976	12	-0.54%	314.92	58.20
1977	1	-2.37%	307.46	58.50
1977	2	-0.05%	307.30	59.10
1977	3	-1.19%	303.63	59.50
1977	4	0.06%	303.83	60.00
1977	5	0.90%	306.56	60.30
1977	6	1.28%	310.49	60.70
1977	7	-2.08%	304.04	61.00
1977	8	-1.18%	300.46	61.20
1977	9	-2.20%	293.86	61.40
1977	10	0.98%	296.74	61.60
1977	11	-0.08%	296.50	61.90
1977	12	-3.39%	286.45	62.10
1978	1	-0.97%	283.67	62.50
1978	2	0.27%	284.42	62.90
1978	3	4.83%	298.16	63.40
1978	4	5.50%	314.57	63.90
1978	5	0.67%	316.69	64.50
1978	6	-0.06%	316.49	65.20
1978	7	7.33%	339.68	65.70
1978	8	0.40%	341.04	66.00
1978	9	-2.77%	331.58	66.50
1978	10	-5.44%	313.55	67.10
1978	11	1.92%	319.58	67.40
1978	12	4.19%	332.96	67.70
1979	1	-1.06%	329.44	68.30
1979	2	2.34%	337.15	69.10
1979	3	2.43%	345.35	69.80
1979	4	-1.89%	338.81	70.60
1979	5	2.42%	347.00	71.50
1979	6	1.42%	351.93	72.30
1979	7	5.01%	369.58	73.10
1979	8	1.54%	375.27	73.80
1979	9	-3.35%	362.69	74.60
1979	10	-0.32%	361.52	75.20
1979	11	4.40%	377.44	75.90
1979	12	3.31%	389.95	76.70
1980	1	4.40%	407.09	77.80
1980	2	-8.78%	371.35	78.90
1980	3	-1.16%	367.04	80.10
1980	4	5.04%	385.52	81.00
1980	5	6.86%	411.98	81.80
1980	6	4.97%	432.45	82.70
1980	7	3.50%	447.61	82.70
1980	8	2.84%	460.30	83.30
1980	9	3.32%	475.61	84.00
1980	10	4.61%	497.55	84.80
1980	11	-1.24%	491.36	85.50
1980	12	0.01%	491.41	86.30
1981	1	-3.07%	476.32	87.00
1981	2	4.14%	496.06	87.90
1981	3	1.29%	502.48	88.50
1981	4	-1.62%	494.35	89.10
1981	5	0.86%	498.59	89.80
1981	6	-2.02%	488.54	90.60
1981	7	0.80%	492.46	91.60
1981	8	-8.30%	451.57	92.30
1981	9	1.73%	459.37	93.20
1981	10	3.04%	473.35	93.40
1981	11	1.18%	478.93	93.70
1981	12	-4.80%	455.93	94.00
1982	1	-1.91%	447.20	94.30
1982	2	-2.74%	434.93	94.60
1982	3	5.47%	458.71	94.50
1982	4	0.57%	461.33	94.90
1982	5	-5.27%	437.01	95.80
1982	6	0.24%	438.08	97.00
1982	7	0.79%	441.56	97.50
1982	8	12.10%	494.97	97.70
1982	9	8.88%	538.93	97.90
1982	10	4.50%	563.18	98.20
1982	11	1.36%	570.81	98.00
1982	12	3.93%	593.22	97.60
1983	1	2.13%	605.86	97.80
1983	2	3.87%	629.28	97.90
1983	3	4.20%	655.69	97.90
1983	4	4.42%	684.70	98.60
1983	5	1.75%	696.70	99.20
1983	6	0.71%	701.64	99.50
1983	7	-2.41%	684.75	99.90
1983	8	3.31%	707.44	100.20
1983	9	0.65%	712.02	100.70
1983	10	-1.14%	703.90	101.00
1983	11	-0.13%	702.99	101.20
1983	12	1.58%	714.07	101.30
1984	1	-5.11%	677.57	101.90
1984	2	0.44%	680.57	102.40
1984	3	0.51%	684.02	102.60
1984	4	-0.25%	682.29	103.10
1984	5	-1.85%	669.68	103.40
1984	6	-0.91%	663.60	103.70
1984	7	9.21%	724.69	104.10
1984	8	1.41%	734.89	104.50
1984	9	-0.41%	731.86	105.00
1984	10	1.29%	741.27	105.30
1984	11	-0.71%	736.02	105.30
1984	12	4.70%	770.60	105.30
1985	1	5.79%	815.19	105.50
1985	2	-0.48%	811.29	106.00
1985	3	1.02%	819.61	106.40
1985	4	2.74%	842.03	106.90
1985	5	2.51%	863.17	107.30
1985	6	2.25%	882.57	107.60
1985	7	-1.85%	866.28	107.80
1985	8	-1.88%	849.95	108.00
1985	9	1.50%	862.67	108.30
1985	10	6.42%	918.05	108.70
1985	11	5.29%	966.66	109.00
1985	12	0.75%	973.93	109.30
1986	1	5.70%	1,029.41	109.60
1986	2	6.18%	1,093.06	109.30
1986	3	2.74%	1,123.03	108.80
1986	4	0.49%	1,128.55	108.60
1986	5	3.13%	1,163.91	108.90
1986	6	-1.80%	1,142.91	109.50
1986	7	2.28%	1,168.98	109.50
1986	8	-2.46%	1,140.27	109.70
1986	9	-0.09%	1,139.24	110.20
1986	10	3.53%	1,179.49	110.30
1986	11	1.71%	1,199.65	110.40
1986	12	6.67%	1,279.71	110.50
1987	1	6.46%	1,362.40	111.20
1987	2	4.38%	1,422.02	111.60
1987	3	-0.86%	1,409.85	112.10
1987	4	0.17%	1,412.28	112.70
1987	5	4.50%	1,475.81	113.10
1987	6	3.12%	1,521.89	113.50
1987	7	6.45%	1,620.11	113.80
1987	8	-3.03%	1,571.02	114.40
1987	9	-11.85%	1,384.79	115.00
1987	10	-12.30%	1,214.41	115.30
1987	11	-1.33%	1,198.20	115.40
1987	12	4.25%	1,249.09	115.40
1988	1	3.33%	1,290.66	115.70
1988	2	3.23%	1,332.38	116.00
1988	3	-0.89%	1,320.57	116.50
1988	4	-2.19%	1,291.68	117.10
1988	5	6.00%	1,369.15	117.50
1988	6	-0.31%	1,364.95	118.00
1988	7	-1.72%	1,341.49	118.50
1988	8	1.93%	1,367.35	119.00
1988	9	3.80%	1,419.33	119.80
1988	10	-2.02%	1,390.65	120.20
1988	11	2.33%	1,423.00	120.30
1988	12	3.51%	1,472.99	120.50
1989	1	3.30%	1,521.59	121.10
1989	2	-0.16%	1,519.13	121.60
1989	3	3.56%	1,573.29	122.30
1989	4	4.12%	1,638.03	123.10
1989	5	3.39%	1,693.60	123.80
1989	6	2.80%	1,741.03	124.10
1989	7	4.69%	1,822.69	124.40
1989	8	0.46%	1,831.00	124.60
1989	9	0.29%	1,836.24	125.00
1989	10	-1.81%	1,802.94	125.60
1989	11	2.74%	1,852.28	125.90
1989	12	-2.21%	1,811.32	126.10
1990	1	-2.53%	1,765.55	127.40
1990	2	2.71%	1,813.34	128.00
1990	3	0.20%	1,816.90	128.70
1990	4	3.85%	1,886.86	128.90
1990	5	3.17%	1,946.68	129.20
1990	6	0.17%	1,949.98	129.90
1990	7	-7.86%	1,796.69	130.40
1990	8	-4.34%	1,718.69	131.60
1990	9	-2.32%	1,678.89	132.70
1990	10	2.98%	1,728.99	133.50
1990	11	4.59%	1,808.29	133.80
1990	12	-0.69%	1,795.90	133.80
1991	1	11.61%	2,004.34	134.60
1991	2	3.04%	2,065.37	134.80
1991	3	2.26%	2,112.02	135.00
1991	4	-0.18%	2,108.24	135.20
1991	5	0.35%	2,115.56	135.60
1991	6	0.78%	2,132.07	136.00
1991	7	2.68%	2,189.19	136.20
1991	8	-0.30%	2,182.55	136.60
1991	9	0.18%	2,186.52	137.20
1991	10	0.02%	2,186.86	137.40
1991	11	0.94%	2,207.31	137.80
1991	12	7.36%	2,369.73	137.90
1992	1	-0.60%	2,355.49	138.10
1992	2	-1.01%	2,331.64	138.60
1992	3	0.26%	2,337.80	139.30
1992	4	2.07%	2,386.16	139.50
1992	5	-1.33%	2,354.44	139.70
1992	6	1.91%	2,399.46	140.20
1992	7	0.94%	2,422.06	140.50
1992	8	0.38%	2,431.22	140.90
1992	9	-1.18%	2,402.48	141.30
1992	10	2.76%	2,468.72	141.80
1992	11	3.27%	2,549.47	142.00
1992	12	0.14%	2,553.12	141.90
1993	1	1.72%	2,597.14	142.60
1993	2	2.15%	2,652.98	143.10
1993	3	-1.34%	2,617.38	143.60
1993	4	0.72%	2,636.35	144.00
1993	5	0.87%	2,659.16	144.20
1993	6	0.06%	2,660.78	144.40
1993	7	1.76%	2,707.68	144.40
1993	8	1.35%	2,744.37	144.80
1993	9	1.24%	2,778.45	145.10
1993	10	0.01%	2,778.66	145.70
1993	11	0.89%	2,803.31	145.80
1993	12	1.74%	2,851.97	145.80
1994	1	-0.08%	2,849.81	146.20
1994	2	-1.42%	2,809.24	146.70
1994	3	-3.35%	2,715.23	147.20
1994	4	1.06%	2,743.96	147.40
1994	5	1.11%	2,774.37	147.50
1994	6	-0.52%	2,759.97	148.00
1994	7	3.08%	2,845.04	148.40
1994	8	0.82%	2,868.30	149.00
1994	9	-0.44%	2,855.56	149.40
1994	10	-0.37%	2,845.00	149.50
1994	11	-1.03%	2,815.82	149.70
1994	12	2.45%	2,884.84	149.70
1995	1	3.82%	2,995.01	150.30
1995	2	2.56%	3,071.63	150.90
1995	3	3.22%	3,170.40	151.40
1995	4	3.35%	3,276.54	151.90
1995	5	3.18%	3,380.68	152.20
1995	6	3.55%	3,500.61	152.50
1995	7	0.51%	3,518.57	152.50
1995	8	3.72%	3,649.38	152.90
1995	9	0.91%	3,682.68	153.20
1995	10	2.36%	3,769.53	153.70
1995	11	3.39%	3,897.29	153.60
1995	12	0.16%	3,903.63	153.50
1996	1	5.90%	4,134.11	154.40
1996	2	-0.20%	4,125.81	154.90
1996	3	0.20%	4,133.94	155.70
1996	4	2.35%	4,231.29	156.30
1996	5	1.28%	4,285.39	156.60
1996	6	-3.48%	4,136.41	156.70
1996	7	3.08%	4,263.63	157.00
1996	8	2.02%	4,349.92	157.30
1996	9	4.12%	4,529.11	157.80
1996	10	5.05%	4,757.93	158.30
1996	11	1.20%	4,814.94	158.60
1996	12	3.26%	4,971.79	158.60
1997	1	4.36%	5,188.61	159.10
1997	2	-0.62%	5,156.25	159.60
1997	3	-3.41%	4,980.67	160.00
1997	4	9.22%	5,439.78	160.20
1997	5	5.34%	5,730.09	160.10
1997	6	5.74%	6,058.76	160.30
1997	7	0.35%	6,079.84	160.50
1997	8	1.19%	6,152.31	160.80
1997	9	1.65%	6,253.54	161.20
1997	10	-1.15%	6,181.49	161.60
1997	11	2.63%	6,344.35	161.50
1997	12	0.24%	6,359.39	161.30
1998	1	6.40%	6,766.53	161.60
1998	2	5.31%	7,126.03	161.90
1998	3	3.41%	7,368.72	162.20
1998	4	-0.22%	7,352.37	162.50
1998	5	0.12%	7,360.93	162.80
1998	6	4.47%	7,689.80	163.00
1998	7	-6.97%	7,153.74	163.20
1998	8	-4.90%	6,803.32	163.40
1998	9	1.29%	6,891.14	163.60
1998	10	10.97%	7,647.40	164.00
1998	11	4.10%	7,961.25	164.00
1998	12	5.05%	8,363.11	163.90
1999	1	-0.07%	8,357.54	164.30
1999	2	2.92%	8,601.87	164.50
1999	3	4.25%	8,967.45	165.00
1999	4	-0.10%	8,958.59	166.20
1999	5	-0.61%	8,903.78	166.20
1999	6	4.52%	9,306.44	166.20
1999	7	-3.77%	8,955.18	166.70
1999	8	-0.60%	8,901.63	167.10
1999	9	-1.27%	8,788.36	167.90
1999	10	7.11%	9,412.86	168.20
1999	11	2.81%	9,677.24	168.30
1999	12	-0.12%	9,665.73	168.30
2000	1	-2.48%	9,426.20	168.80
2000	2	3.94%	9,797.69	169.80
2000	3	1.42%	9,937.27	171.20
2000	4	-2.84%	9,655.17	171.30
2000	5	3.16%	9,960.61	171.50
2000	6	0.85%	10,045.31	172.40
2000	7	0.94%	10,139.71	172.80
2000	8	-1.08%	10,030.23	172.80
2000	9	-5.21%	9,507.23	173.70
2000	10	-0.77%	9,433.79	174.00
2000	11	-3.32%	9,120.58	174.10
2000	12	0.46%	9,162.08	174.00
2001	1	-2.14%	8,966.35	175.10
2001	2	-9.08%	8,152.21	175.80
2001	3	0.45%	8,188.79	176.20
2001	4	6.88%	8,752.13	176.90
2001	5	-2.39%	8,543.07	177.70
2001	6	-2.66%	8,315.80	178.00
2001	7	-2.05%	8,145.68	177.50
2001	8	-11.25%	7,229.51	177.50
2001	9	3.18%	7,459.70	178.30
2001	10	5.05%	7,836.64	177.70
2001	11	1.47%	7,951.53	177.40
2001	12	-0.30%	7,927.86	176.70
2002	1	-3.35%	7,662.06	177.10
2002	2	4.95%	8,040.97	177.80
2002	3	-3.51%	7,758.38	178.80
2002	4	-2.82%	7,539.56	179.80
2002	5	-5.92%	7,093.15	179.80
2002	6	-10.76%	6,330.03	179.90
2002	7	1.14%	6,402.12	180.10
2002	8	-4.76%	6,097.52	180.70
2002	9	-1.37%	6,014.16	181.00
2002	10	6.63%	6,412.64	181.30
2002	11	-1.04%	6,346.26	181.30
2002	12	-0.22%	6,332.14	180.90
2003	1	-6.41%	5,925.95	181.70
2003	2	1.31%	6,003.45	183.10
2003	3	5.29%	6,320.78	184.20
2003	4	5.31%	6,656.56	183.80
2003	5	5.70%	7,036.26	183.50
2003	6	0.60%	7,078.19	183.70
2003	7	-0.17%	7,066.42	183.90
2003	8	3.16%	7,289.80	184.60
2003	9	2.03%	7,437.62	185.20
2003	10	1.21%	7,527.66	185.00
2003	11	3.06%	7,758.30	184.50
2003	12	4.93%	8,141.16	184.30
2004	1	1.09%	8,229.63	185.20
2004	2	-1.57%	8,100.82	186.20
2004	3	0.97%	8,179.25	187.40
2004	4	-2.56%	7,969.51	188.00
2004	5	2.86%	8,197.25	189.10
2004	6	-2.24%	8,013.74	189.70
2004	7	-1.39%	7,902.54	189.40
2004	8	2.78%	8,122.44	189.50
2004	9	0.10%	8,130.77	189.90
2004	10	4.77%	8,518.93	190.90
2004	11	2.73%	8,751.28	191.00
2004	12	-1.35%	8,633.20	190.30
2005	1	1.68%	8,778.34	190.70
2005	2	-0.26%	8,755.91	191.80
2005	3	-2.41%	8,544.98	193.30
2005	4	1.34%	8,659.13	194.60
2005	5	2.18%	8,847.96	194.40
2005	6	1.81%	9,007.92	194.50
2005	7	0.31%	9,035.84	195.40
2005	8	0.28%	9,061.11	196.40
2005	9	-2.62%	8,823.33	198.80
2005	10	3.96%	9,172.87	199.20
2005	11	2.14%	9,369.55	197.60
2005	12	1.47%	9,506.98	196.80
2006	1	-0.02%	9,505.40	198.30
2006	2	1.49%	9,646.66	198.70
2006	3	0.80%	9,723.67	199.80
2006	4	-0.79%	9,647.18	201.50
2006	5	-2.71%	9,386.15	202.50
2006	6	0.72%	9,453.73	202.90
2006	7	2.29%	9,670.39	203.50
2006	8	2.53%	9,915.17	203.90
2006	9	3.62%	10,273.69	202.90
2006	10	2.00%	10,479.33	201.80
2006	11	2.15%	10,704.46	201.50
2006	12	0.69%	10,778.62	201.80
2007	1	1.60%	10,950.65	202.42
2007	2	-2.47%	10,679.74	203.50
2007	3	4.18%	11,126.18	205.35
2007	4	3.39%	11,503.56	206.69
2007	5	0.34%	11,543.23	207.95
2007	6	0.57%	11,609.56	208.35
2007	7	-4.20%	11,121.83	208.30
2007	8	3.07%	11,463.80	207.92
2007	9	2.99%	11,806.76	208.49
2007	10	-4.81%	11,239.29	208.94
2007	11	1.24%	11,378.45	210.18
2007	12	-6.64%	10,623.47	210.04
2008	1	-1.56%	10,457.32	211.08
2008	2	-2.63%	10,182.65	211.69
2008	3	4.24%	10,614.78	213.53
2008	4	2.56%	10,886.79	214.82
2008	5	-4.25%	10,424.48	216.63
2008	6	-6.08%	9,790.83	218.82
2008	7	2.11%	9,997.47	219.96
2008	8	-4.85%	9,512.84	219.09
2008	9	-20.19%	7,591.85	218.78
2008	10	-8.61%	6,938.55	216.57
2008	11	-0.35%	6,914.18	212.43
2008	12	-1.10%	6,838.43	210.23
2009	1	-6.70%	6,380.08	211.14
2009	2	-5.69%	6,017.22	212.19
2009	3	12.32%	6,758.65	212.71
2009	4	6.66%	7,208.76	213.24
2009	5	2.87%	7,415.57	213.86
2009	6	1.28%	7,510.31	215.69
2009	7	8.12%	8,120.21	215.35
2009	8	3.65%	8,416.62	215.83
2009	9	2.40%	8,618.88	215.97
2009	10	2.09%	8,799.39	216.18
2009	11	2.23%	8,995.25	216.33
2009	12	1.36%	9,117.32	215.95
2010	1	-2.90%	8,853.05	216.69
2010	2	5.94%	9,379.19	216.74
2010	3	4.09%	9,762.61	217.63
2010	4	-5.88%	9,188.33	218.01
2010	5	-3.54%	8,862.74	218.18
2010	6	-0.16%	8,848.64	217.97
2010	7	0.86%	8,925.06	218.01
2010	8	3.37%	9,225.94	218.31
2010	9	4.58%	9,648.25	218.44
2010	10	2.49%	9,888.58	218.71
2010	11	3.71%	10,255.81	218.80
2010	12	3.46%	10,610.89	219.18
2011	1	3.15%	10,945.22	220.22
2011	2	-1.11%	10,823.46	221.31
2011	3	2.22%	11,063.85	223.47
2011	4	0.66%	11,136.79	224.91
2011	5	-3.66%	10,728.89	225.96
2011	6	3.10%	11,061.67	225.72
2011	7	-10.40%	9,911.19	225.92
2011	8	-0.79%	9,832.96	226.55
2011	9	3.02%	10,129.81	226.89
2011	10	1.77%	10,308.82	226.42
2011	11	1.55%	10,469.09	226.23
2011	12	4.78%	10,969.78	225.67
2012	1	4.16%	11,426.41	226.67
2012	2	2.88%	11,755.93	227.66
2012	3	-0.04%	11,751.44	229.39
2012	4	-3.09%	11,388.21	230.09
2012	5	-1.15%	11,256.97	229.82
2012	6	2.92%	11,585.80	229.48
2012	7	3.39%	11,978.29	229.10
2012	8	3.02%	12,340.17	230.38
2012	9	-0.22%	12,313.38	231.41
2012	10	-2.84%	11,963.99	231.32
2012	11	2.18%	12,224.27	230.22
2012	12	4.27%	12,746.09	229.60
2013	1	2.33%	13,043.46	230.28
2013	2	2.72%	13,398.56	232.17
2013	3	1.45%	13,593.35	232.77
2013	4	4.57%	14,215.15	232.53
2013	5	-1.12%	14,056.25	232.95
2013	6	3.25%	14,513.71	233.50
2013	7	0.25%	14,550.36	233.60
2013	8	1.19%	14,723.87	233.88
2013	9	2.12%	15,035.66	234.15
2013	10	3.86%	15,616.03	233.55
2013	11	1.52%	15,853.65	233.07
2013	12	0.97%	16,007.09	233.05
2014	1	-0.13%	15,986.27	233.92
2014	2	2.72%	16,421.46	234.78
2014	3	0.20%	16,454.59	236.29
2014	4	1.53%	16,706.68	237.07
2014	5	3.20%	17,240.68	237.90
2014	6	1.50%	17,498.57	238.34
2014	7	-0.43%	17,423.86	238.25
2014	8	1.78%	17,733.66	237.85
2014	9	-2.65%	17,264.32	238.03
2014	10	5.71%	18,249.36	237.43
2014	11	0.63%	18,365.04	236.15
2014	12	-1.11%	18,161.18	234.81
2015	1	2.83%	18,674.67	233.71
2015	2	0.06%	18,685.01	234.72
2015	3	0.88%	18,849.14	236.12
2015	4	0.98%	19,033.66	236.60
2015	5	-0.44%	18,950.77	237.81
2015	6	-0.08%	18,935.67	238.64
2015	7	-2.42%	18,476.60	238.65
2015	8	-4.51%	17,643.84	238.32
2015	9	4.32%	18,405.55	237.95
2015	10	2.93%	18,945.28	237.84
2015	11	-1.10%	18,736.32	237.34
2015	12	-6.42%	17,533.52	236.53
2016	1	-0.55%	17,437.10	236.92
2016	2	6.36%	18,546.58	237.11
2016	3	2.83%	19,071.68	238.13
2016	4	-0.30%	19,013.63	239.26
2016	5	1.07%	19,216.41	240.23
2016	6	3.30%	19,850.06	241.02
2016	7	1.20%	20,088.11	240.63
2016	8	-0.44%	19,999.99	240.85
2016	9	-0.51%	19,898.80	241.43
2016	10	1.20%	20,137.81	241.73
2016	11	3.95%	20,932.44	241.35
2016	12	1.44%	21,233.38	241.43
2017	1	2.58%	21,780.44	242.84
2017	2	1.75%	22,161.44	243.60
2017	3	-0.15%	22,127.31	243.80
2017	4	1.69%	22,501.79	244.52
2017	5	1.78%	22,901.51	244.73
2017	6	0.99%	23,127.75	244.96
2017	7	0.25%	23,185.07	244.79
2017	8	1.65%	23,568.38	245.52
2017	9	2.73%	24,212.92	246.82
2017	10	1.59%	24,597.81	246.66
2017	11	2.88%	25,307.08	246.67
2017	12	4.86%	26,537.48	246.52
2018	1	-2.89%	25,771.43	247.87
2018	2	0.06%	25,788.07	248.99
2018	3	-1.66%	25,358.97	249.55
2018	4	1.96%	25,856.41	250.55
2018	5	2.11%	26,402.75	251.59
2018	6	1.58%	26,820.11	251.99
2018	7	2.45%	27,477.42	252.01
2018	8	1.68%	27,938.97	252.15
2018	9	-3.85%	26,863.60	252.44
2018	10	-2.08%	26,305.89	252.89
2018	11	-5.56%	24,842.62	252.04
2018	12	1.74%	25,273.80	251.23
2019	1	5.83%	26,746.98	251.71
2019	2	1.95%	27,268.02	252.78
2019	3	3.72%	28,283.27	254.20
2019	4	-1.53%	27,850.03	255.55
2019	5	1.40%	28,241.25	256.09
2019	6	3.83%	29,322.14	256.14
2019	7	-3.13%	28,403.06	256.57
2019	8	3.09%	29,279.36	256.56
2019	9	0.01%	29,282.23	256.76
2019	10	4.43%	30,580.52	257.35
2019	11	2.47%	31,335.65	257.21
2019	12	3.35%	32,384.26	256.97
2020	1	0.12%	32,423.79	257.97
2020	2	-18.92%	26,289.96	258.68
2020	3	4.32%	27,425.32	258.12
2020	4	5.89%	29,039.95	256.39
2020	5	6.51%	30,929.94	256.39
2020	6	3.48%	32,005.20	257.80
2020	7	5.89%	33,891.43	259.10
2020	8	-0.63%	33,678.93	259.92
2020	9	1.73%	34,260.23	260.28
2020	10	3.95%	35,614.92	260.39
2020	11	4.26%	37,132.14	260.23
2020	12	2.80%	38,170.10	260.47
2021	1	2.49%	39,121.12	261.58
2021	2	0.82%	39,442.44	263.01
2021	3	6.02%	41,817.46	264.88
2021	4	0.76%	42,135.37	267.05
2021	5	1.81%	42,898.20	269.20
2021	6	3.07%	44,214.41	271.70
2021	7	2.19%	45,180.56	273.00
2021	8	-0.08%	45,142.38	273.57
2021	9	0.45%	45,346.51	274.31
2021	10	4.74%	47,498.08	276.59
2021	11	0.27%	47,624.14	277.95
2021	12	-2.05%	46,646.92	278.80
2022	1	-2.90%	45,292.96	281.15
2022	2	-0.89%	44,888.68	283.72
2022	3	0.12%	44,941.79	287.50
2022	4	-7.87%	41,403.64	289.11
2022	5	-3.37%	40,008.59	292.30
2022	6	0.46%	40,194.51	296.31
2022	7	6.45%	42,786.01	296.28
2022	8	-7.28%	39,672.30	296.17
2022	9	-3.09%	38,445.95	296.81
2022	10	5.29%	40,477.86	298.01
2022	11	0.01%	40,482.25	297.71
2022	12	1.38%	41,039.47	296.80
2023	1	3.15%	42,330.97	299.17
2023	2	-2.59%	41,236.53	300.84
2023	3	4.00%	42,884.43	301.84
2023	4	0.74%	43,200.79	303.36
2023	5	4.94%	45,335.85	304.13
2023	6	3.88%	47,093.09	305.11
2023	7	-1.00%	46,623.27	305.69
2023	8	-0.95%	46,178.68	307.03
2023	9	-3.04%	44,776.09	307.79
2023	10	4.60%	46,836.57	307.67
2023	11	5.18%	49,260.47	307.05
2023	12	2.91%	50,694.86	306.75
2024	1	4.20%	52,823.67	308.42
2024	2	3.28%	54,557.41	310.33
2024	3	-1.01%	54,006.85	312.33
2024	4	2.52%	55,366.05	313.55
2024	5	5.34%	58,324.60	314.07

Click to show 762 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 1960. This would result in a final amount of $54,078.15, including dividend reinvestments. In this particular case, dollar-cost average returns are less than the returns of a lump-sum investment (which ends with $58,324.60).

Year	Month	Contribution ($)	Amount ($)
1960	1	4.16	4.00
1960	2	4.16	8.06
1960	3	4.16	12.40
1960	4	4.16	16.44
1960	5	4.16	21.41
1960	6	4.16	25.00
1960	7	4.16	29.58
1960	8	4.16	32.81
1960	9	4.16	36.34
1960	10	4.16	41.92
1960	11	4.16	47.31
1960	12	4.16	54.25
1961	1	4.16	60.96
1961	2	4.16	67.32
1961	3	4.16	73.55
1961	4	4.16	78.69
1961	5	4.16	81.94
1961	6	4.16	86.07
1961	7	4.16	93.68
1961	8	4.16	97.30
1961	9	4.16	102.81
1961	10	4.16	112.07
1961	11	4.16	117.57
1961	12	4.32	117.63
1962	1	-	119.87
1962	2	-	120.28
1962	3	-	116.74
1962	4	-	108.35
1962	5	-	95.99
1962	6	-	98.60
1962	7	-	101.58
1962	8	-	100.97
1962	9	-	98.09
1962	10	-	105.15
1962	11	-	110.01
1962	12	-	114.58
1963	1	-	116.40
1963	2	-	116.28
1963	3	-	122.07
1963	4	-	124.84
1963	5	-	125.11
1963	6	-	123.58
1963	7	-	127.32
1963	8	-	131.01
1963	9	-	131.66
1963	10	-	131.26
1963	11	-	134.40
1963	12	-	138.88
1964	1	-	140.93
1964	2	-	143.85
1964	3	-	146.29
1964	4	-	148.07
1964	5	-	147.55
1964	6	-	153.40
1964	7	-	151.52
1964	8	-	154.50
1964	9	-	157.54
1964	10	-	159.02
1964	11	-	156.65
1964	12	-	161.06
1965	1	-	162.63
1965	2	-	163.18
1965	3	-	165.72
1965	4	-	168.59
1965	5	-	160.99
1965	6	-	161.16
1965	7	-	164.57
1965	8	-	170.49
1965	9	-	174.75
1965	10	-	176.63
1965	11	-	176.26
1965	12	-	179.75
1966	1	-	178.97
1966	2	-	172.06
1966	3	-	177.77
1966	4	-	168.87
1966	5	-	167.93
1966	6	-	167.96
1966	7	-	158.27
1966	8	-	153.16
1966	9	-	152.30
1966	10	-	160.40
1966	11	-	161.54
1966	12	-	168.22
1967	1	-	174.49
1967	2	-	179.09
1967	3	-	182.65
1967	4	-	186.41
1967	5	-	184.56
1967	6	-	188.24
1967	7	-	191.73
1967	8	-	194.90
1967	9	-	195.09
1967	10	-	189.47
1967	11	-	195.36
1967	12	-	195.33
1968	1	-	187.01
1968	2	-	184.10
1968	3	-	198.20
1968	4	-	203.27
1968	5	-	209.25
1968	6	-	209.35
1968	7	-	205.30
1968	8	-	212.50
1968	9	-	218.28
1968	10	-	222.18
1968	11	-	225.03
1968	12	-	216.06
1969	1	-	215.55
1969	2	-	211.42
1969	3	-	216.23
1969	4	-	223.83
1969	5	-	212.70
1969	6	-	203.76
1969	7	-	203.18
1969	8	-	204.46
1969	9	-	207.21
1969	10	-	209.28
1969	11	-	198.75
1969	12	-	197.58
1970	1	-	191.27
1970	2	-	195.12
1970	3	-	189.76
1970	4	-	168.51
1970	5	-	168.05
1970	6	-	168.93
1970	7	-	174.43
1970	8	-	185.45
1970	9	-	190.07
1970	10	-	190.46
1970	11	-	204.10
1970	12	-	212.49
1971	1	-	221.31
1971	2	-	227.58
1971	3	-	235.94
1971	4	-	233.32
1971	5	-	229.60
1971	6	-	228.54
1971	7	-	225.07
1971	8	-	230.67
1971	9	-	226.37
1971	10	-	216.47
1971	11	-	231.98
1971	12	-	242.24
1972	1	-	247.29
1972	2	-	253.77
1972	3	-	256.97
1972	4	-	254.97
1972	5	-	256.29
1972	6	-	255.00
1972	7	-	264.64
1972	8	-	261.44
1972	9	-	262.53
1972	10	-	276.33
1972	11	-	282.71
1972	12	-	285.51
1973	1	-	276.02
1973	2	-	272.30
1973	3	-	267.86
1973	4	-	260.97
1973	5	-	255.78
1973	6	-	258.88
1973	7	-	254.64
1973	8	-	259.72
1973	9	-	270.72
1973	10	-	252.17
1973	11	-	235.01
1973	12	-	239.01
1974	1	-	233.10
1974	2	-	243.76
1974	3	-	232.02
1974	4	-	225.74
1974	5	-	226.77
1974	6	-	201.04
1974	7	-	193.47
1974	8	-	174.10
1974	9	-	178.24
1974	10	-	184.91
1974	11	-	173.65
1974	12	-	188.64
1975	1	-	209.02
1975	2	-	219.42
1975	3	-	222.68
1975	4	-	237.63
1975	5	-	244.51
1975	6	-	245.56
1975	7	-	228.38
1975	8	-	226.44
1975	9	-	237.69
1975	10	-	242.55
1975	11	-	239.68
1975	12	-	262.56
1976	1	-	273.53
1976	2	-	275.73
1976	3	-	278.75
1976	4	-	277.68
1976	5	-	280.18
1976	6	-	287.65
1976	7	-	286.04
1976	8	-	293.01
1976	9	-	283.90
1976	10	-	282.86
1976	11	-	293.57
1976	12	-	291.99
1977	1	-	285.08
1977	2	-	284.92
1977	3	-	281.52
1977	4	-	281.70
1977	5	-	284.24
1977	6	-	287.88
1977	7	-	281.90
1977	8	-	278.59
1977	9	-	272.46
1977	10	-	275.14
1977	11	-	274.92
1977	12	-	265.60
1978	1	-	263.01
1978	2	-	263.71
1978	3	-	276.45
1978	4	-	291.67
1978	5	-	293.63
1978	6	-	293.45
1978	7	-	314.95
1978	8	-	316.21
1978	9	-	307.44
1978	10	-	290.72
1978	11	-	296.31
1978	12	-	308.72
1979	1	-	305.45
1979	2	-	312.60
1979	3	-	320.20
1979	4	-	314.14
1979	5	-	321.74
1979	6	-	326.31
1979	7	-	342.67
1979	8	-	347.95
1979	9	-	336.28
1979	10	-	335.20
1979	11	-	349.96
1979	12	-	361.55
1980	1	-	377.45
1980	2	-	344.32
1980	3	-	340.31
1980	4	-	357.45
1980	5	-	381.98
1980	6	-	400.97
1980	7	-	415.02
1980	8	-	426.79
1980	9	-	440.98
1980	10	-	461.33
1980	11	-	455.59
1980	12	-	455.63
1981	1	-	441.64
1981	2	-	459.94
1981	3	-	465.89
1981	4	-	458.36
1981	5	-	462.29
1981	6	-	452.97
1981	7	-	456.60
1981	8	-	418.69
1981	9	-	425.92
1981	10	-	438.89
1981	11	-	444.06
1981	12	-	422.73
1982	1	-	414.64
1982	2	-	403.26
1982	3	-	425.32
1982	4	-	427.74
1982	5	-	405.19
1982	6	-	406.18
1982	7	-	409.41
1982	8	-	458.93
1982	9	-	499.69
1982	10	-	522.18
1982	11	-	529.25
1982	12	-	550.03
1983	1	-	561.75
1983	2	-	583.46
1983	3	-	607.95
1983	4	-	634.85
1983	5	-	645.98
1983	6	-	650.55
1983	7	-	634.89
1983	8	-	655.93
1983	9	-	660.18
1983	10	-	652.65
1983	11	-	651.81
1983	12	-	662.08
1984	1	-	628.24
1984	2	-	631.02
1984	3	-	634.22
1984	4	-	632.61
1984	5	-	620.92
1984	6	-	615.28
1984	7	-	671.93
1984	8	-	681.38
1984	9	-	678.57
1984	10	-	687.30
1984	11	-	682.43
1984	12	-	714.49
1985	1	-	755.84
1985	2	-	752.23
1985	3	-	759.93
1985	4	-	780.72
1985	5	-	800.33
1985	6	-	818.31
1985	7	-	803.21
1985	8	-	788.07
1985	9	-	799.86
1985	10	-	851.21
1985	11	-	896.28
1985	12	-	903.02
1986	1	-	954.47
1986	2	-	1,013.48
1986	3	-	1,041.26
1986	4	-	1,046.38
1986	5	-	1,079.17
1986	6	-	1,059.70
1986	7	-	1,083.87
1986	8	-	1,057.25
1986	9	-	1,056.30
1986	10	-	1,093.62
1986	11	-	1,112.31
1986	12	-	1,186.53
1987	1	-	1,263.21
1987	2	-	1,318.49
1987	3	-	1,307.20
1987	4	-	1,309.46
1987	5	-	1,368.36
1987	6	-	1,411.08
1987	7	-	1,502.16
1987	8	-	1,456.63
1987	9	-	1,283.97
1987	10	-	1,125.99
1987	11	-	1,110.97
1987	12	-	1,158.14
1988	1	-	1,196.69
1988	2	-	1,235.37
1988	3	-	1,224.43
1988	4	-	1,197.63
1988	5	-	1,269.47
1988	6	-	1,265.57
1988	7	-	1,243.82
1988	8	-	1,267.79
1988	9	-	1,315.99
1988	10	-	1,289.40
1988	11	-	1,319.40
1988	12	-	1,365.74
1989	1	-	1,410.81
1989	2	-	1,408.53
1989	3	-	1,458.74
1989	4	-	1,518.77
1989	5	-	1,570.30
1989	6	-	1,614.27
1989	7	-	1,689.99
1989	8	-	1,697.69
1989	9	-	1,702.55
1989	10	-	1,671.67
1989	11	-	1,717.42
1989	12	-	1,679.44
1990	1	-	1,637.00
1990	2	-	1,681.32
1990	3	-	1,684.61
1990	4	-	1,749.49
1990	5	-	1,804.94
1990	6	-	1,808.01
1990	7	-	1,665.88
1990	8	-	1,593.56
1990	9	-	1,556.66
1990	10	-	1,603.10
1990	11	-	1,676.63
1990	12	-	1,665.14
1991	1	-	1,858.41
1991	2	-	1,914.99
1991	3	-	1,958.25
1991	4	-	1,954.75
1991	5	-	1,961.53
1991	6	-	1,976.84
1991	7	-	2,029.80
1991	8	-	2,023.65
1991	9	-	2,027.32
1991	10	-	2,027.64
1991	11	-	2,046.60
1991	12	-	2,197.19
1992	1	-	2,183.99
1992	2	-	2,161.88
1992	3	-	2,167.60
1992	4	-	2,212.43
1992	5	-	2,183.02
1992	6	-	2,224.77
1992	7	-	2,245.72
1992	8	-	2,254.21
1992	9	-	2,227.56
1992	10	-	2,288.98
1992	11	-	2,363.85
1992	12	-	2,367.23
1993	1	-	2,408.05
1993	2	-	2,459.82
1993	3	-	2,426.82
1993	4	-	2,444.41
1993	5	-	2,465.56
1993	6	-	2,467.06
1993	7	-	2,510.54
1993	8	-	2,544.56
1993	9	-	2,576.16
1993	10	-	2,576.35
1993	11	-	2,599.21
1993	12	-	2,644.33
1994	1	-	2,642.33
1994	2	-	2,604.71
1994	3	-	2,517.54
1994	4	-	2,544.18
1994	5	-	2,572.38
1994	6	-	2,559.03
1994	7	-	2,637.90
1994	8	-	2,659.46
1994	9	-	2,647.66
1994	10	-	2,637.86
1994	11	-	2,610.81
1994	12	-	2,674.80
1995	1	-	2,776.95
1995	2	-	2,847.99
1995	3	-	2,939.57
1995	4	-	3,037.98
1995	5	-	3,134.54
1995	6	-	3,245.74
1995	7	-	3,262.39
1995	8	-	3,383.68
1995	9	-	3,414.56
1995	10	-	3,495.09
1995	11	-	3,613.54
1995	12	-	3,619.41
1996	1	-	3,833.12
1996	2	-	3,825.42
1996	3	-	3,832.96
1996	4	-	3,923.22
1996	5	-	3,973.38
1996	6	-	3,835.25
1996	7	-	3,953.21
1996	8	-	4,033.21
1996	9	-	4,199.36
1996	10	-	4,411.51
1996	11	-	4,464.37
1996	12	-	4,609.80
1997	1	-	4,810.84
1997	2	-	4,780.84
1997	3	-	4,618.04
1997	4	-	5,043.72
1997	5	-	5,312.90
1997	6	-	5,617.64
1997	7	-	5,637.18
1997	8	-	5,704.38
1997	9	-	5,798.23
1997	10	-	5,731.44
1997	11	-	5,882.44
1997	12	-	5,896.38
1998	1	-	6,273.88
1998	2	-	6,607.20
1998	3	-	6,832.22
1998	4	-	6,817.06
1998	5	-	6,825.00
1998	6	-	7,129.92
1998	7	-	6,632.89
1998	8	-	6,307.99
1998	9	-	6,389.41
1998	10	-	7,090.61
1998	11	-	7,381.62
1998	12	-	7,754.22
1999	1	-	7,749.05
1999	2	-	7,975.59
1999	3	-	8,314.55
1999	4	-	8,306.34
1999	5	-	8,255.52
1999	6	-	8,628.87
1999	7	-	8,303.18
1999	8	-	8,253.53
1999	9	-	8,148.50
1999	10	-	8,727.53
1999	11	-	8,972.66
1999	12	-	8,961.99
2000	1	-	8,739.91
2000	2	-	9,084.34
2000	3	-	9,213.77
2000	4	-	8,952.21
2000	5	-	9,235.41
2000	6	-	9,313.94
2000	7	-	9,401.46
2000	8	-	9,299.96
2000	9	-	8,815.04
2000	10	-	8,746.94
2000	11	-	8,456.53
2000	12	-	8,495.01
2001	1	-	8,313.53
2001	2	-	7,558.67
2001	3	-	7,592.59
2001	4	-	8,114.91
2001	5	-	7,921.07
2001	6	-	7,710.35
2001	7	-	7,552.61
2001	8	-	6,703.15
2001	9	-	6,916.58
2001	10	-	7,266.08
2001	11	-	7,372.60
2001	12	-	7,350.66
2002	1	-	7,104.21
2002	2	-	7,455.53
2002	3	-	7,193.51
2002	4	-	6,990.63
2002	5	-	6,576.71
2002	6	-	5,869.16
2002	7	-	5,936.00
2002	8	-	5,653.58
2002	9	-	5,576.29
2002	10	-	5,945.75
2002	11	-	5,884.21
2002	12	-	5,871.12
2003	1	-	5,494.49
2003	2	-	5,566.36
2003	3	-	5,860.59
2003	4	-	6,171.91
2003	5	-	6,523.97
2003	6	-	6,562.85
2003	7	-	6,551.93
2003	8	-	6,759.05
2003	9	-	6,896.11
2003	10	-	6,979.59
2003	11	-	7,193.44
2003	12	-	7,548.43
2004	1	-	7,630.45
2004	2	-	7,511.02
2004	3	-	7,583.74
2004	4	-	7,389.27
2004	5	-	7,600.43
2004	6	-	7,430.28
2004	7	-	7,327.18
2004	8	-	7,531.07
2004	9	-	7,538.79
2004	10	-	7,898.69
2004	11	-	8,114.12
2004	12	-	8,004.64
2005	1	-	8,139.22
2005	2	-	8,118.41
2005	3	-	7,922.85
2005	4	-	8,028.69
2005	5	-	8,203.77
2005	6	-	8,352.07
2005	7	-	8,377.97
2005	8	-	8,401.40
2005	9	-	8,180.93
2005	10	-	8,505.02
2005	11	-	8,687.38
2005	12	-	8,814.80
2006	1	-	8,813.34
2006	2	-	8,944.31
2006	3	-	9,015.72
2006	4	-	8,944.80
2006	5	-	8,702.77
2006	6	-	8,765.43
2006	7	-	8,966.32
2006	8	-	9,193.27
2006	9	-	9,525.69
2006	10	-	9,716.36
2006	11	-	9,925.09
2006	12	-	9,993.86
2007	1	-	10,153.36
2007	2	-	9,902.18
2007	3	-	10,316.12
2007	4	-	10,666.01
2007	5	-	10,702.80
2007	6	-	10,764.30
2007	7	-	10,312.08
2007	8	-	10,629.15
2007	9	-	10,947.14
2007	10	-	10,420.98
2007	11	-	10,550.02
2007	12	-	9,850.00
2008	1	-	9,695.95
2008	2	-	9,441.28
2008	3	-	9,841.95
2008	4	-	10,094.16
2008	5	-	9,665.50
2008	6	-	9,077.98
2008	7	-	9,269.58
2008	8	-	8,820.23
2008	9	-	7,039.11
2008	10	-	6,433.37
2008	11	-	6,410.78
2008	12	-	6,340.54
2009	1	-	5,915.57
2009	2	-	5,579.12
2009	3	-	6,266.57
2009	4	-	6,683.91
2009	5	-	6,875.66
2009	6	-	6,963.51
2009	7	-	7,529.00
2009	8	-	7,803.83
2009	9	-	7,991.37
2009	10	-	8,158.73
2009	11	-	8,340.33
2009	12	-	8,453.51
2010	1	-	8,208.49
2010	2	-	8,696.32
2010	3	-	9,051.82
2010	4	-	8,519.36
2010	5	-	8,217.47
2010	6	-	8,204.40
2010	7	-	8,275.25
2010	8	-	8,554.22
2010	9	-	8,945.78
2010	10	-	9,168.62
2010	11	-	9,509.11
2010	12	-	9,838.34
2011	1	-	10,148.33
2011	2	-	10,035.44
2011	3	-	10,258.32
2011	4	-	10,325.95
2011	5	-	9,947.75
2011	6	-	10,256.30
2011	7	-	9,189.58
2011	8	-	9,117.05
2011	9	-	9,392.29
2011	10	-	9,558.26
2011	11	-	9,706.87
2011	12	-	10,171.10
2012	1	-	10,594.49
2012	2	-	10,900.01
2012	3	-	10,895.85
2012	4	-	10,559.06
2012	5	-	10,437.38
2012	6	-	10,742.27
2012	7	-	11,106.18
2012	8	-	11,441.72
2012	9	-	11,416.87
2012	10	-	11,092.92
2012	11	-	11,334.25
2012	12	-	11,818.08
2013	1	-	12,093.80
2013	2	-	12,423.05
2013	3	-	12,603.65
2013	4	-	13,180.18
2013	5	-	13,032.86
2013	6	-	13,457.01
2013	7	-	13,490.99
2013	8	-	13,651.86
2013	9	-	13,940.95
2013	10	-	14,479.07
2013	11	-	14,699.39
2013	12	-	14,841.65
2014	1	-	14,822.35
2014	2	-	15,225.86
2014	3	-	15,256.57
2014	4	-	15,490.31
2014	5	-	15,985.43
2014	6	-	16,224.54
2014	7	-	16,155.27
2014	8	-	16,442.52
2014	9	-	16,007.35
2014	10	-	16,920.68
2014	11	-	17,027.93
2014	12	-	16,838.92
2015	1	-	17,315.02
2015	2	-	17,324.61
2015	3	-	17,476.79
2015	4	-	17,647.87
2015	5	-	17,571.01
2015	6	-	17,557.02
2015	7	-	17,131.37
2015	8	-	16,359.24
2015	9	-	17,065.49
2015	10	-	17,565.93
2015	11	-	17,372.18
2015	12	-	16,256.95
2016	1	-	16,167.56
2016	2	-	17,196.25
2016	3	-	17,683.12
2016	4	-	17,629.30
2016	5	-	17,817.32
2016	6	-	18,404.83
2016	7	-	18,625.55
2016	8	-	18,543.85
2016	9	-	18,450.02
2016	10	-	18,671.63
2016	11	-	19,408.41
2016	12	-	19,687.43
2017	1	-	20,194.67
2017	2	-	20,547.93
2017	3	-	20,516.28
2017	4	-	20,863.49
2017	5	-	21,234.12
2017	6	-	21,443.89
2017	7	-	21,497.02
2017	8	-	21,852.43
2017	9	-	22,450.05
2017	10	-	22,806.91
2017	11	-	23,464.54
2017	12	-	24,605.36
2018	1	-	23,895.08
2018	2	-	23,910.51
2018	3	-	23,512.65
2018	4	-	23,973.88
2018	5	-	24,480.44
2018	6	-	24,867.41
2018	7	-	25,476.86
2018	8	-	25,904.81
2018	9	-	24,907.74
2018	10	-	24,390.63
2018	11	-	23,033.90
2018	12	-	23,433.68
2019	1	-	24,799.61
2019	2	-	25,282.71
2019	3	-	26,224.04
2019	4	-	25,822.34
2019	5	-	26,185.08
2019	6	-	27,187.27
2019	7	-	26,335.11
2019	8	-	27,147.61
2019	9	-	27,150.27
2019	10	-	28,354.03
2019	11	-	29,054.18
2019	12	-	30,026.45
2020	1	-	30,063.11
2020	2	-	24,375.86
2020	3	-	25,428.55
2020	4	-	26,925.63
2020	5	-	28,678.02
2020	6	-	29,674.99
2020	7	-	31,423.89
2020	8	-	31,226.86
2020	9	-	31,765.84
2020	10	-	33,021.90
2020	11	-	34,428.65
2020	12	-	35,391.04
2021	1	-	36,272.82
2021	2	-	36,570.75
2021	3	-	38,772.85
2021	4	-	39,067.61
2021	5	-	39,774.90
2021	6	-	40,995.27
2021	7	-	41,891.09
2021	8	-	41,855.69
2021	9	-	42,044.95
2021	10	-	44,039.88
2021	11	-	44,156.76
2021	12	-	43,250.68
2022	1	-	41,995.30
2022	2	-	41,620.46
2022	3	-	41,669.70
2022	4	-	38,389.15
2022	5	-	37,095.68
2022	6	-	37,268.05
2022	7	-	39,670.87
2022	8	-	36,783.86
2022	9	-	35,646.81
2022	10	-	37,530.78
2022	11	-	37,534.84
2022	12	-	38,051.50
2023	1	-	39,248.97
2023	2	-	38,234.21
2023	3	-	39,762.14
2023	4	-	40,055.46
2023	5	-	42,035.07
2023	6	-	43,664.37
2023	7	-	43,228.76
2023	8	-	42,816.54
2023	9	-	41,516.07
2023	10	-	43,426.52
2023	11	-	45,673.95
2023	12	-	47,003.90
2024	1	-	48,977.72
2024	2	-	50,585.23
2024	3	-	50,074.76
2024	4	-	51,335.00
2024	5	-	54,078.15

Click to show 762 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 last 60 years? ›

Stock market returns since 1960

This is a return on investment of 58,224.60%, or 10.39% per year. This lump-sum investment beats inflation during this period for an inflation-adjusted return of about 5,388.68% cumulatively, or 6.42% per year.

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How much has the sp500 returned since 1957? ›

Bottom Line. Since 1957, the S&P 500's average annual rate of return has been approximately 10.5% (through March 2023) and around 6.6% after adjusting for inflation.

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What's the average return of the S&P 500 over the last 20 years? ›

Average returns

Period	Average annualised return	Total return
Last year	24.3%	24.3%
Last 5 years	15.7%	107.1%
Last 10 years	15.6%	325.1%
Last 20 years	11.1%	725.5%

What is the 15 year average return on the S&P 500? ›

The S&P 500: 15-year return of 495% (12.6% annually) The S&P 500 tracks 500 large and profitable U.S. companies. The index is weighed by market capitalization, such that larger companies have more influence over its performance.

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How long did it take for the S&P 500 to recover from 2008? ›

The S&P 500 dropped nearly 50% and took seven years to recover. 2008: In response to the housing bubble and subprime mortgage crisis, the S&P 500 lost nearly half its value and took two years to recover. 2020: As COVID-19 spread globally in February 2020, the market fell by over 30% in a little over a month.

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What is the average return of the sp500 in 50 years? ›

Stock Market Average Yearly Return for the Last 50 Years

The average yearly return of the S&P 500 is 11.47% over the last 50 years, as of the end of May 2024. This assumes dividends are reinvested.

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

Milestone highs

August 18, 2020: The S&P 500 index closed at a record high of 3389.78 amid the ongoing COVID-19 pandemic in the United States.
April 1, 2021: The S&P 500 index reaches 4,000 points, closing at 4,019.87.
February 9, 2024: The S&P 500 index reaches 5,000 points, closing at 5,026.61.

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Is the S&P 500 compounded annually? ›

The actual rate of return is largely dependent on the types of investments you select. The Standard & Poor's 500® (S&P 500®) for the 10 years ending December 31^st 2023, had an annual compounded rate of return of 15.2%, including reinvestment of dividends.

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What is the average stock market return over 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.

How to get 10% return on investment? ›

Investments That Can Potentially Return 10% or More

Growth Stocks. Growth stocks represent companies expected to grow at an above-average rate compared to other companies. ...
Real Estate. ...
Junk Bonds. ...
Index Funds and ETFs. ...
Options Trading. ...
Private Credit.

Jun 12, 2024

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What is the expected return of the stock market in the next 10 years? ›

The largest shift was in U.S. small-cap stocks, where our forecasts for annualized returns for the next decade range from 5.0% to 7.0% as of June 30, 2024, up from 4.3% to 6.3% as of the March 31, 2024, running of the Vanguard Capital Markets Model (VCMM).

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

Basic Info. S&P 500 10 Year Return is at 181.9%, compared to 186.0% last month and 176.0% last year. This is higher than the long term average of 115.5%.

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What stock pays the highest dividend? ›

10 Best Dividend Stocks to Buy

Verizon Communications VZ.
Chevron CVX.
Comcast CMCSA.
Medtronic MDT.
Dow DOW.
LyondellBasell Industries LYB.
Devon Energy DVN.
Hershey HSY.

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Aug 30, 2024

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What is the average return of the Nasdaq 100 last 30 years? ›

The Nasdaq has an average annualized return of 10.4% for the past 30 years.

What is the Nasdaq 100 return for the last 15 years? ›

S&P 500 Index Versus Nasdaq 100 Performance

Over the past 15 years, Nasdaq 100 has delivered a CAGR of around 16%, while S&P 500 has returned about 8%.

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. 10 Years (2012 – 2022): 12.74% annual return.

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

S&P 500 Index

The market is surging, but is now really the best time to buy? The S&P 500 (^GSPC -1.73%) has been booming over the past year and a half, currently up by nearly 50% from its low in late 2022. The index has also reached two dozen all-time highs throughout 2024, its most recent in late May.