What if you invested $1,000 in S&P 500 (SPY) in 2005? (Inflation-Adjusted)
SPY · Index · Adjusted to 2026 dollars using BLS CPI-U data
View nominal (non-adjusted) versionUsing BLS CPI-U data, cumulative inflation from 2005 to 2026 totals 72%. Your $1,000 in S&P 500 (SPY) grew to $8,102 in raw dollar terms, but in real purchasing power terms that gain is equivalent to $4,710 in constant 2005 dollars. That reflects a +7.6% per year real annualized return after accounting for price changes over 21 years.
Nominal final value
$8,102
+710.2% total return
Real value (2005 dollars)
$4,710
+371.0% real total return
Real annualized return
+7.6%
vs. +10.3% nominal annualized
Year-by-Year (Inflation-Adjusted)
$1,000 in S&P 500 (SPY) since 2005, values in constant 2005 dollars
| Year | Nominal Value | Real Value (2005 $) |
|---|---|---|
| 2005 | $1,000 | $1,000 |
| 2006 | $1,098 | $1,066 |
| 2007 | $1,261 | $1,188 |
| 2008 | $1,227 | $1,113 |
| 2009 | $758 | $692 |
| 2010 | $1,005 | $894 |
| 2011 | $1,228 | $1,050 |
| 2012 | $1,280 | $1,071 |
| 2013 | $1,491 | $1,222 |
| 2014 | $1,811 | $1,463 |
| 2015 | $2,066 | $1,670 |
| 2016 | $2,048 | $1,632 |
| 2017 | $2,458 | $1,915 |
| 2018 | $3,104 | $2,346 |
| 2019 | $3,029 | $2,236 |
| 2020 | $3,678 | $2,673 |
| 2021 | $4,310 | $2,982 |
| 2022 | $5,309 | $3,365 |
| 2023 | $4,875 | $2,976 |
| 2024 | $5,879 | $3,486 |
| 2025 | $7,421 | $4,315 |
| 2026 | $8,633 | $5,019 |
Inflation adjustment uses BLS CPI-U annual data, deflated to 2026 dollars. Nominal stock data from Yahoo Finance (split-adjusted closing prices). Real values are expressed in constant 2005 purchasing-power dollars. For informational and educational purposes only. Not financial advice. Past performance does not guarantee future results. See our methodology and full disclaimer.