$10,000 invested in the S&P 500 in 2004
$10,000 put into an S&P 500 index fund in January 2004 would be worth about $102,355 by Sep 2026, with dividends reinvested. That is 10.8% a year.
Real monthly S&P 500 data, updated monthly. How we calculate$10,000 put into gold in Jan 2004 is now worth
Gold came out on top, ahead of the runner-up, S&P 500 at $102,838. Bonds finished last at $18,804. Just keeping up with prices needed $18,087, and all of them did better. It ends in Aug 2026, the latest month with data for Bonds.
Full results by asset
| Asset | Worth now | Per year | Total return | Worst drop |
|---|---|---|---|---|
| Gold | $106,546 | 11.0% | 965% | −39% (Dec 2015) |
| S&P 500 | $102,838 | 10.9% | 928% | −49% (Mar 2009) |
| Bonds | $18,804 | 2.8% | 88% | −25% (Oct 2023) |
What each line measures: Gold, gold monthly average price in US dollars per ounce; S&P 500, S&P 500 monthly average level with dividends reinvested (an index fund, before its small fee); Bonds, total return of 10-year US Treasury bonds (interest plus price changes), modelled from the monthly 10-year yield. Inflation uses the US Consumer Price Index. Monthly averages, data through Aug 2026; no fees or taxes. Past returns do not predict future returns.
The result
Over 23 years the money doubled about 3.4 times. Without reinvesting dividends it would be $67,720: dividends account for 34% of the final value.
Inflation matters over this long. $10,000 in 2004 had the buying power of about $18,087 today, so the real gain is $102,355 against $18,087: still 5.7× the buying power, or 7.9% a year above inflation.
It was not a smooth ride. The value fell 49% from a high around Mar 2009, during the 2008 financial crisis. Holding through it was the price of the final number.
The same $10,000 in other assets from January 2004: 10-year Treasury bonds: $18,804; gold: $104,324. Compare more assets.
| After | Year | Worth |
|---|---|---|
| 5 years | 2009 | $8,405 |
| 10 years | 2014 | $19,680 |
| 20 years | 2024 | $62,240 |
| Now | Sep 2026 | $102,355 |
Value over time, with dividends reinvested. No fees or taxes.
Try other amounts and years
Common questions
How much would $10,000 invested in the S&P 500 in 2004 be worth today?
About $102,355 as of Sep 2026, with dividends reinvested and no fees or taxes. Without dividends, about $67,720.
What was the average yearly return since 2004?
10.8% a year before inflation and 7.9% after inflation.
How much is $10,000 from 2004 in today's money?
About $18,087, based on US consumer prices (CPI). See inflation since 2004.
Is a lump sum better than investing monthly?
Historically a lump sum came out ahead about two-thirds of the time, because markets rise more often than they fall. Spreading it out reduces regret if a crash comes right after. Test both with the lump sum vs DCA calculator.
Based on the S&P 500 monthly average level with dividends reinvested (an index fund before its small fee). Educational estimates, not investment advice. Past returns do not predict future returns.
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