What if you invested in Goldman Sachs in 1999?

GS · Financial · Data through 2026-06-01

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If you invested $1,000 in Goldman Sachs in 1999

$21,627today
+2062.7% total return|+11.8% annualized

The same $1,000 in the S&P 500 would be worth $9,412(+841.2%)

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The S&P 500 returned $9,412 on the same $1,000. Goldman Sachs beat the market by $12,215.

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What if Goldman Sachs keeps this up?

Project forward at Goldman Sachs's 11.8% historical growth rate. See 5-30 year scenarios.

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Growth of $1,000

Goldman Sachs vs. S&P 500 vs. US Dollar, 1999 to present

Goldman Sachs
S&P 500
US Dollar

Year-by-Year Returns

$1,000 invested in Goldman Sachs starting January 1999

YearPriceValueAnnual
1999$46.56$1,000-
2000$63.05$1,354+35.4%
2001$78.67$1,690+24.8%
2002$60.47$1,299-23.1%
2003$47.73$1,025-21.1%
2004$70.40$1,512+47.5%
2005$77.08$1,656+9.5%
2006$101.88$2,188+32.2%
2007$154.30$3,314+51.5%
2008$146.09$3,138-5.3%
2009$59.61$1,280-59.2%
2010$111.18$2,388+86.5%
2011$123.48$2,652+11.1%
2012$85.10$1,828-31.1%
2013$114.75$2,465+34.8%
2014$129.05$2,772+12.5%
2015$137.35$2,950+6.4%
2016$130.40$2,801-5.1%
2017$187.97$4,037+44.1%
2018$222.35$4,776+18.3%
2019$166.61$3,579-25.1%
2020$204.18$4,385+22.5%
2021$238.49$5,122+16.8%
2022$317.41$6,817+33.1%
2023$336.01$7,217+5.9%
2024$363.90$7,816+8.3%
2025$621.57$13,350+70.8%
2026$926.43$19,898+49%

What this return means

$1,000 in Goldman Sachs (GS) in 1999 grew to $21,627. That works out to +2062.7%, about 22x the original stake, as of 2026-06-01.

That is about 11.8% a year compounded, broadly in line with long-run stock market averages. By comparison the S&P 500 returned about $9,412 on the same stake, putting Goldman Sachs ahead by close to $12,215. The index compounded at about 8.5% a year over that period.

Getting here meant sitting through real volatility. The best single year was 2010 at +86.5%, and the worst was 2009 at -59.2%. At its lowest point the position was down about 61% from an earlier high. These figures use split-adjusted closing prices and exclude dividends, taxes, trading fees, and inflation, so a real after-tax result would differ.

This is historical math, not financial advice. Past performance does not guarantee future results.

What if you invested $100 a month instead?

Most people do not drop a lump sum in on day one. They add a fixed amount every month. Putting $100 into Goldman Sachs at the close of every month from May 1999 through June 2026 means 326 buys and $32,600 contributed over about 27.2 years.

$100/month, dollar-cost averaged

$290,289

+790.5% on $32,600 in

Same $32,600, all in at the start

$705,024

+2,062.7% on $32,600 in

Going all in at the start beat spreading the buys out by $414,735. That is the usual result when a stock trends up: each monthly buy pays a higher price than the last, so the average cost climbs. Averaging in also meant an average buy price of $113.08 per share across the whole stretch, so the monthly buyer never had to time a single low. Neither number counts dividends, taxes, or trading costs.

Illustrative fixed $100/month example, not a recommendation. Figures are computed from GS split-adjusted monthly closes through June 2026. Past performance does not guarantee future results.

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For informational and educational purposes only. Not financial advice. Past performance does not guarantee future results. All calculations are based on split-adjusted closing prices from Yahoo Finance and do not account for dividends, taxes, or trading fees. See our methodology and full disclaimer.