Tables of S&P 500 Rolling Total Returns

1-Year Returns

Starting Year	Annualized Return	Annualized Inflation-Adjusted Return
1871	15.6%	13.9%
1872	11.2%	8.7%
1873	-2.5%	2.0%
1874	4.7%	12.5%
1875	5.4%	11.8%
1876	-14.2%	-14.9%
1877	-1.3%	16.9%
1878	16.3%	29.6%
1879	49.4%	23.8%
1880	26.7%	34.4%
1881	0.3%	-7.2%
1882	3.6%	5.6%
1883	-5.5%	2.3%
1884	-12.4%	-2.3%
1885	29.9%	34.6%
1886	11.9%	11.9%
1887	-0.6%	-5.1%
1888	3.3%	8.2%
1889	7.1%	12.4%
1890	-6.2%	-8.4%
1891	18.9%	26.5%
1892	6.2%	-1.5%
1893	-18.8%	-6.4%
1894	3.6%	8.0%
1895	5.0%	3.5%
1896	3.2%	6.3%
1897	20.4%	16.9%
1898	29.3%	27.4%
1899	3.7%	-11.3%
1900	21.0%	23.9%
1901	19.5%	16.6%
1902	8.3%	-1.2%
1903	-17.1%	-13.3%
1904	32.1%	29.1%
1905	21.3%	21.3%
1906	0.7%	-3.6%
1907	-24.2%	-22.5%
1908	39.4%	35.1%
1909	16.2%	4.9%
1910	-3.4%	3.6%
1911	3.5%	4.7%
1912	7.2%	-0.1%
1913	-4.7%	-6.6%
1914	-5.5%	-6.4%
1915	31.2%	27.4%
1916	8.2%	-3.8%
1917	-18.5%	-31.9%
1918	18.1%	0.2%
1919	19.6%	2.3%
1920	-14.0%	-12.6%
1921	10.1%	23.8%
1922	29.1%	29.9%
1923	5.5%	2.4%
1924	27.1%	27.1%
1925	25.9%	21.7%
1926	11.6%	14.1%
1927	37.2%	38.7%
1928	47.6%	49.3%
1929	-9.4%	-9.4%
1930	-22.7%	-16.9%
1931	-44.3%	-38.0%
1932	-6.2%	4.0%
1933	56.7%	53.1%
1934	-8.0%	-10.7%
1935	55.0%	52.7%
1936	32.7%	29.9%
1937	-32.1%	-32.6%
1938	17.3%	18.9%
1939	3.1%	3.8%
1940	-8.9%	-10.2%
1941	-9.1%	-18.3%
1942	21.6%	13.0%
1943	23.6%	20.1%
1944	19.7%	17.0%
1945	39.4%	36.3%
1946	-12.0%	-25.5%
1947	2.6%	-6.9%
1948	9.6%	8.2%
1949	17.6%	20.1%
1950	34.6%	24.5%
1951	21.9%	16.8%
1952	14.7%	14.3%
1953	3.0%	1.9%
1954	46.8%	47.9%
1955	28.9%	28.5%
1956	6.9%	3.8%
1957	-5.8%	-9.1%
1958	40.4%	38.4%
1959	7.6%	6.5%
1960	6.5%	4.8%
1961	19.1%	18.3%
1962	-2.6%	-3.9%
1963	21.2%	19.3%
1964	16.0%	14.9%
1965	11.6%	9.5%
1966	-6.4%	-9.5%
1967	16.1%	12.0%
1968	10.6%	6.0%
1969	-8.5%	-13.9%
1970	7.5%	2.1%
1971	14.0%	10.4%
1972	17.9%	13.7%
1973	-16.3%	-23.5%
1974	-21.1%	-29.4%
1975	39.2%	30.4%
1976	11.2%	5.7%
1977	-9.0%	-14.8%
1978	16.3%	6.4%
1979	17.2%	2.9%
1980	26.1%	12.7%
1981	-7.2%	-14.4%
1982	30.1%	25.5%
1983	20.4%	15.5%
1984	7.9%	4.3%
1985	26.4%	21.7%
1986	31.4%	29.5%
1987	-2.4%	-6.2%
1988	18.0%	12.7%
1989	23.0%	16.9%
1990	-0.8%	-6.1%
1991	32.0%	28.6%
1992	7.7%	4.3%
1993	11.7%	9.0%
1994	1.2%	-1.6%
1995	35.3%	31.7%
1996	27.4%	23.6%
1997	27.9%	25.9%
1998	31.5%	29.4%
1999	15.6%	12.5%
2000	-5.2%	-8.6%
2001	-13.5%	-14.5%
2002	-20.1%	-22.1%
2003	28.6%	26.2%
2004	6.1%	3.0%
2005	10.1%	5.9%
2006	13.4%	11.1%
2007	-1.4%	-5.5%
2008	-35.6%	-35.7%
2009	33.3%	29.8%
2010	16.4%	14.5%
2011	3.4%	0.5%
2012	16.2%	14.4%
2013	25.6%	23.7%
2014	13.5%	13.6%
2015	-3.4%	-4.8%
2016	21.1%	18.2%
2017	25.0%	22.5%
2018	-4.7%	-6.2%
2019	28.2%	25.0%
2020	17.9%	16.2%

	Annualized Return	Annualized Inflation-Adjusted Return
Median	11.2%	8.5%
Average	10.7%	8.5%
Standard Deviation	18.0%	17.9%

2-Year Returns

Starting Year	Annualized Return	Annualized Inflation-Adjusted Return
1871	13.4%	11.3%
1872	4.2%	5.3%
1873	1.1%	7.2%
1874	5.0%	12.1%
1875	-4.9%	-2.5%
1876	-8.0%	-0.2%
1877	7.1%	23.1%
1878	31.8%	26.7%
1879	37.6%	29.0%
1880	12.7%	11.7%
1881	1.9%	-1.0%
1882	-1.0%	3.9%
1883	-9.0%	0.0%
1884	6.7%	14.7%
1885	20.6%	22.8%
1886	5.5%	3.0%
1887	1.3%	1.3%
1888	5.2%	10.3%
1889	0.2%	1.4%
1890	5.6%	7.6%
1891	12.3%	11.6%
1892	-7.2%	-4.0%
1893	-8.3%	0.6%
1894	4.3%	5.7%
1895	4.1%	4.9%
1896	11.5%	11.5%
1897	24.8%	22.1%
1898	15.8%	6.3%
1899	12.0%	4.9%
1900	20.2%	20.2%
1901	13.7%	7.3%
1902	-5.2%	-7.4%
1903	4.7%	5.8%
1904	26.6%	25.2%
1905	10.5%	8.1%
1906	-12.6%	-13.6%
1907	2.8%	2.3%
1908	27.3%	19.0%
1909	6.0%	4.3%
1910	0.0%	4.1%
1911	5.3%	2.2%
1912	1.0%	-3.5%
1913	-5.1%	-6.5%
1914	11.4%	9.2%
1915	19.2%	10.7%
1916	-6.1%	-19.1%
1917	-1.9%	-17.4%
1918	18.8%	1.2%
1919	1.4%	-5.5%
1920	-2.7%	4.0%
1921	19.2%	26.8%
1922	16.7%	15.3%
1923	15.8%	14.1%
1924	26.5%	24.4%
1925	18.5%	17.8%
1926	23.7%	25.8%
1927	42.3%	43.9%
1928	15.6%	16.3%
1929	-16.3%	-13.2%
1930	-34.4%	-28.2%
1931	-27.7%	-19.7%
1932	21.2%	26.2%
1933	20.1%	16.9%
1934	19.4%	16.8%
1935	43.4%	40.8%
1936	-5.1%	-6.4%
1937	-10.8%	-10.4%
1938	9.9%	11.1%
1939	-3.1%	-3.4%
1940	-9.0%	-14.4%
1941	5.2%	-4.0%
1942	22.6%	16.5%
1943	21.6%	18.5%
1944	29.2%	26.3%
1945	10.7%	0.7%
1946	-5.0%	-16.7%
1947	6.0%	0.4%
1948	13.5%	14.0%
1949	25.8%	22.3%
1950	28.1%	20.6%
1951	18.2%	15.5%
1952	8.7%	7.9%
1953	23.0%	22.8%
1954	37.6%	37.8%
1955	17.4%	15.5%
1956	0.3%	-2.9%
1957	15.0%	12.2%
1958	22.9%	21.5%
1959	7.1%	5.6%
1960	12.6%	11.3%
1961	7.7%	6.6%
1962	8.7%	7.1%
1963	18.6%	17.1%
1964	13.8%	12.2%
1965	2.2%	-0.5%
1966	4.3%	0.7%
1967	13.3%	9.0%
1968	0.6%	-4.5%
1969	-0.8%	-6.2%
1970	10.7%	6.2%
1971	15.9%	12.0%
1972	-0.7%	-6.7%
1973	-18.7%	-26.5%
1974	4.8%	-4.0%
1975	24.4%	17.4%
1976	0.6%	-5.1%
1977	2.9%	-4.8%
1978	16.7%	4.6%
1979	21.5%	7.7%
1980	8.2%	-1.8%
1981	9.9%	3.7%
1982	25.2%	20.4%
1983	14.0%	9.8%
1984	16.8%	12.6%
1985	28.9%	25.5%
1986	13.3%	10.2%
1987	7.3%	2.8%
1988	20.5%	14.8%
1989	10.4%	4.8%
1990	14.4%	9.9%
1991	19.2%	15.8%
1992	9.7%	6.6%
1993	6.3%	3.5%
1994	17.0%	13.9%
1995	31.3%	27.6%
1996	27.6%	24.8%
1997	29.7%	27.6%
1998	23.3%	20.6%
1999	4.7%	1.4%
2000	-9.4%	-11.6%
2001	-16.9%	-18.4%
2002	1.3%	-0.9%
2003	16.8%	14.0%
2004	8.1%	4.5%
2005	11.8%	8.5%
2006	5.7%	2.5%
2007	-20.3%	-22.0%
2008	-7.4%	-8.6%
2009	24.5%	21.9%
2010	9.7%	7.3%
2011	9.6%	7.2%
2012	20.8%	18.9%
2013	19.4%	18.5%
2014	4.7%	4.0%
2015	8.1%	6.1%
2016	23.0%	20.3%
2017	9.1%	7.2%
2018	10.5%	8.3%
2019	22.9%	20.6%

	Annualized Return	Annualized Inflation-Adjusted Return
Median	9.9%	7.3%
Average	10.0%	7.7%
Standard Deviation	13.1%	12.9%

3-Year Returns

Starting Year	Annualized Return	Annualized Inflation-Adjusted Return
1871	7.9%	8.1%
1872	4.3%	7.7%
1873	2.5%	8.7%
1874	-1.8%	2.3%
1875	-3.7%	3.6%
1876	-0.5%	8.9%
1877	19.7%	23.3%
1878	30.1%	29.2%
1879	23.8%	15.6%
1880	9.6%	9.6%
1881	-0.6%	0.1%
1882	-5.0%	1.8%
1883	2.5%	10.4%
1884	8.4%	13.8%
1885	13.1%	12.6%
1886	4.7%	4.7%
1887	3.2%	4.9%
1888	1.2%	3.7%
1889	6.1%	9.2%
1890	5.8%	4.5%
1891	0.8%	5.3%
1892	-3.7%	-0.1%
1893	-4.1%	1.5%
1894	3.9%	5.9%
1895	9.3%	8.8%
1896	17.1%	16.6%
1897	17.3%	9.8%
1898	17.5%	11.9%
1899	14.4%	8.6%
1900	16.1%	12.6%
1901	2.4%	0.0%
1902	5.9%	3.4%
1903	9.9%	10.8%
1904	17.3%	14.7%
1905	-2.5%	-3.2%
1906	2.1%	0.3%
1907	7.1%	3.2%
1908	16.1%	13.7%
1909	5.1%	4.4%
1910	2.3%	2.7%
1911	1.9%	-0.8%
1912	-1.2%	-4.4%
1913	5.7%	3.6%
1914	10.3%	4.7%
1915	5.0%	-5.8%
1916	1.3%	-13.1%
1917	4.8%	-11.3%
1918	6.7%	-3.6%
1919	4.2%	3.4%
1920	6.9%	12.0%
1921	14.4%	18.1%
1922	20.1%	19.1%
1923	19.1%	16.6%
1924	21.3%	20.8%
1925	24.4%	24.4%
1926	31.2%	33.2%
1927	22.4%	23.4%
1928	1.1%	4.0%
1929	-26.9%	-22.4%
1930	-26.1%	-18.8%
1931	-6.4%	-0.4%
1932	10.6%	12.5%
1933	30.7%	27.8%
1934	23.7%	21.0%
1935	11.8%	10.2%
1936	1.9%	1.4%
1937	-6.4%	-5.9%
1938	3.3%	3.5%
1939	-5.1%	-8.7%
1940	0.3%	-6.1%
1941	11.0%	3.5%
1942	21.6%	16.6%
1943	27.3%	24.2%
1944	13.6%	5.9%
1945	8.0%	-1.9%
1946	-0.4%	-9.1%
1947	9.8%	6.6%
1948	20.1%	17.4%
1949	24.5%	20.4%
1950	23.4%	18.5%
1951	12.9%	10.8%
1952	20.2%	19.9%
1953	24.9%	24.6%
1954	26.5%	25.4%
1955	9.1%	6.6%
1956	12.2%	9.3%
1957	12.5%	10.3%
1958	17.2%	15.6%
1959	11.0%	9.7%
1960	7.3%	6.0%
1961	12.0%	10.7%
1962	11.1%	9.6%
1963	16.2%	14.5%
1964	6.6%	4.4%
1965	6.7%	3.5%
1966	6.3%	2.4%
1967	5.5%	0.7%
1968	2.9%	-2.3%
1969	3.9%	-1.0%
1970	13.1%	8.6%
1971	4.0%	-1.3%
1972	-8.0%	-15.0%
1973	-2.7%	-11.0%
1974	6.9%	-0.9%
1975	12.1%	5.5%
1976	5.6%	-1.4%
1977	7.4%	-2.3%
1978	19.8%	7.3%
1979	11.1%	-0.2%
1980	15.0%	6.6%
1981	13.3%	7.5%
1982	19.1%	14.8%
1983	18.0%	13.6%
1984	21.5%	18.0%
1985	17.5%	13.9%
1986	14.8%	11.1%
1987	12.3%	7.3%
1988	12.9%	7.3%
1989	17.2%	12.2%
1990	12.1%	8.0%
1991	16.7%	13.5%
1992	6.8%	3.8%
1993	15.2%	12.2%
1994	20.4%	17.0%
1995	30.2%	27.1%
1996	28.9%	26.3%
1997	24.8%	22.4%
1998	12.9%	10.0%
1999	-1.8%	-4.2%
2000	-13.2%	-15.3%
2001	-3.9%	-5.6%
2002	2.9%	0.4%
2003	14.5%	11.2%
2004	9.8%	6.6%
2005	7.2%	3.6%
2006	-10.4%	-12.2%
2007	-5.4%	-7.6%
2008	-0.1%	-1.5%
2009	17.1%	14.3%
2010	11.8%	9.6%
2011	14.7%	12.4%
2012	18.3%	17.1%
2013	11.2%	10.2%
2014	9.9%	8.5%
2015	13.5%	11.3%
2016	13.0%	10.7%
2017	15.1%	12.8%
2018	12.9%	10.9%

	Annualized Return	Annualized Inflation-Adjusted Return
Median	9.9%	7.3%
Average	10.0%	7.7%
Standard Deviation	13.1%	12.9%

5-Year Returns

Starting Year	Annualized Return	Annualized Inflation-Adjusted Return
1871	6.7%	9.7%
1872	0.5%	3.5%
1873	-1.8%	5.0%
1874	1.7%	10.2%
1875	9.2%	12.3%
1876	13.3%	16.5%
1877	16.8%	18.5%
1878	18.0%	16.1%
1879	13.2%	10.8%
1880	1.7%	5.6%
1881	2.3%	5.7%
1882	4.5%	9.7%
1883	3.7%	7.4%
1884	5.5%	8.6%
1885	9.8%	11.7%
1886	2.9%	3.4%
1887	4.2%	6.0%
1888	5.5%	6.8%
1889	0.6%	3.7%
1890	-0.1%	2.9%
1891	2.2%	5.5%
1892	-0.7%	1.8%
1893	1.9%	5.4%
1894	11.8%	12.1%
1895	11.8%	7.8%
1896	15.0%	11.7%
1897	18.5%	13.8%
1898	16.0%	10.0%
1899	6.1%	1.9%
1900	11.4%	9.8%
1901	11.4%	9.4%
1902	7.7%	5.3%
1903	0.3%	0.3%
1904	11.3%	9.6%
1905	8.5%	5.1%
1906	3.6%	1.9%
1907	4.2%	3.6%
1908	11.7%	8.9%
1909	3.5%	1.2%
1910	-0.7%	-1.1%
1911	5.6%	3.1%
1912	6.5%	1.4%
1913	0.8%	-6.1%
1914	5.2%	-4.8%
1915	10.3%	-3.1%
1916	1.4%	-10.1%
1917	1.7%	-5.5%
1918	11.5%	7.6%
1919	9.1%	8.0%
1920	10.4%	12.8%
1921	19.1%	20.6%
1922	19.4%	18.6%
1923	20.9%	20.2%
1924	29.3%	29.6%
1925	20.8%	21.1%
1926	9.6%	12.2%
1927	-4.6%	-0.7%
1928	-11.6%	-6.2%
1929	-10.5%	-5.8%
1930	-10.2%	-6.0%
1931	3.2%	6.1%
1932	22.7%	23.0%
1933	15.0%	12.8%
1934	8.5%	7.3%
1935	11.0%	10.6%
1936	-0.1%	-0.6%
1937	-7.4%	-9.4%
1938	4.0%	0.5%
1939	5.1%	0.6%
1940	8.3%	3.1%
1941	17.9%	12.1%
1942	17.1%	10.0%
1943	13.2%	5.8%
1944	10.5%	3.7%
1945	10.1%	4.2%
1946	9.4%	2.3%
1947	16.8%	12.0%
1948	19.4%	16.7%
1949	17.9%	15.3%
1950	23.3%	20.2%
1951	22.2%	20.9%
1952	19.0%	18.1%
1953	14.4%	12.8%
1954	21.8%	19.9%
1955	14.4%	12.3%
1956	10.1%	7.8%
1957	12.6%	10.7%
1958	13.3%	11.9%
1959	10.0%	8.7%
1960	11.7%	10.3%
1961	12.7%	11.3%
1962	7.4%	5.5%
1963	11.3%	8.7%
1964	9.3%	6.2%
1965	4.2%	0.3%
1966	3.4%	-1.1%
1967	7.6%	2.9%
1968	7.9%	3.2%
1969	2.0%	-3.3%
1970	-0.9%	-7.1%
1971	4.3%	-2.4%
1972	3.8%	-3.3%
1973	-1.4%	-8.7%
1974	5.3%	-2.5%
1975	13.9%	5.2%
1976	11.7%	2.1%
1977	7.7%	-2.1%
1978	15.7%	5.8%
1979	16.5%	7.6%
1980	14.6%	7.8%
1981	14.7%	9.5%
1982	22.9%	19.0%
1983	16.1%	12.2%
1984	15.6%	11.7%
1985	18.7%	14.3%
1986	13.0%	8.5%
1987	13.1%	8.3%
1988	15.4%	10.7%
1989	14.1%	9.9%
1990	9.8%	6.2%
1991	16.8%	13.6%
1992	16.0%	12.7%
1993	20.0%	17.1%
1994	24.0%	21.2%
1995	27.4%	24.4%
1996	18.6%	15.7%
1997	9.8%	7.5%
1998	-0.1%	-2.4%
1999	-0.5%	-2.9%
2000	-2.2%	-4.6%
2001	0.8%	-1.7%
2002	6.4%	3.5%
2003	10.9%	7.6%
2004	-3.4%	-5.9%
2005	1.1%	-1.5%
2006	2.2%	0.1%
2007	0.4%	-1.9%
2008	3.7%	1.9%
2009	18.5%	16.1%
2010	14.8%	13.1%
2011	10.6%	9.0%
2012	14.1%	12.6%
2013	15.8%	14.1%
2014	9.6%	8.0%
2015	12.3%	10.1%
2016	16.8%	14.6%

	Annualized Return	Annualized Inflation-Adjusted Return
Median	9.9%	7.6%
Average	9.4%	7.1%
Standard Deviation	7.8%	7.7%

10-Year Returns

Starting Year	Annualized Return	Annualized Inflation-Adjusted Return
1871	9.9%	13.1%
1872	8.4%	10.8%
1873	7.6%	10.4%
1874	7.3%	10.5%
1875	5.4%	8.9%
1876	7.6%	11.0%
1877	10.5%	14.0%
1878	10.6%	11.7%
1879	9.3%	9.7%
1880	5.7%	8.6%
1881	2.6%	4.5%
1882	4.3%	7.8%
1883	4.6%	7.1%
1884	3.0%	6.1%
1885	4.8%	7.2%
1886	2.5%	4.4%
1887	1.7%	3.9%
1888	3.7%	6.1%
1889	6.0%	7.8%
1890	5.7%	5.3%
1891	8.4%	8.5%
1892	8.5%	7.7%
1893	8.7%	7.7%
1894	8.9%	6.9%
1895	11.6%	8.8%
1896	13.2%	10.5%
1897	12.9%	9.5%
1898	7.8%	5.1%
1899	8.7%	5.7%
1900	9.9%	7.5%
1901	7.5%	5.5%
1902	5.9%	4.4%
1903	5.8%	4.5%
1904	7.3%	5.3%
1905	3.8%	2.0%
1906	4.6%	2.5%
1907	5.4%	2.4%
1908	6.1%	1.1%
1909	4.4%	-1.8%
1910	4.7%	-2.1%
1911	3.5%	-3.8%
1912	4.1%	-2.1%
1913	6.1%	0.5%
1914	7.1%	1.4%
1915	10.4%	4.6%
1916	9.9%	4.1%
1917	10.2%	5.9%
1918	16.1%	13.7%
1919	18.7%	18.3%
1920	15.5%	16.9%
1921	14.3%	16.3%
1922	6.7%	8.5%
1923	3.4%	6.2%
1924	7.6%	10.5%
1925	4.1%	6.7%
1926	6.3%	9.1%
1927	8.2%	10.6%
1928	0.8%	2.9%
1929	-1.5%	0.5%
1930	-0.2%	1.9%
1931	1.5%	2.7%
1932	6.6%	5.6%
1933	9.4%	6.5%
1934	6.8%	3.9%
1935	9.7%	6.8%
1936	8.5%	5.6%
1937	4.1%	-0.2%
1938	8.5%	3.1%
1939	7.8%	2.1%
1940	9.2%	3.6%
1941	13.6%	7.1%
1942	16.9%	11.0%
1943	16.3%	11.1%
1944	14.2%	9.3%
1945	16.5%	11.9%
1946	15.6%	11.2%
1947	17.9%	15.0%
1948	16.9%	14.7%
1949	19.8%	17.6%
1950	18.8%	16.2%
1951	16.0%	14.2%
1952	15.8%	14.3%
1953	13.9%	12.4%
1954	15.7%	14.2%
1955	13.1%	11.3%
1956	11.4%	9.5%
1957	10.0%	8.1%
1958	12.3%	10.3%
1959	9.6%	7.4%
1960	7.9%	5.2%
1961	8.0%	4.9%
1962	7.5%	4.2%
1963	9.6%	5.9%
1964	5.6%	1.3%
1965	1.6%	-3.5%
1966	3.9%	-1.8%
1967	5.7%	-0.2%
1968	3.1%	-2.9%
1969	3.7%	-2.9%
1970	6.3%	-1.1%
1971	8.0%	-0.2%
1972	5.8%	-2.7%
1973	6.8%	-1.7%
1974	10.8%	2.4%
1975	14.3%	6.5%
1976	13.2%	5.8%
1977	15.1%	7.9%
1978	15.9%	9.0%
1979	16.1%	9.6%
1980	16.6%	11.0%
1981	13.9%	9.0%
1982	17.9%	13.5%
1983	15.7%	11.5%
1984	14.9%	10.8%
1985	14.1%	10.2%
1986	14.9%	11.0%
1987	14.6%	10.5%
1988	17.7%	13.8%
1989	19.0%	15.4%
1990	18.2%	15.0%
1991	17.7%	14.6%
1992	12.8%	10.1%
1993	9.5%	6.9%
1994	11.1%	8.5%
1995	11.6%	9.0%
1996	9.3%	6.6%
1997	8.1%	5.5%
1998	5.3%	2.5%
1999	-2.0%	-4.4%
2000	-0.6%	-3.0%
2001	1.5%	-0.8%
2002	3.3%	0.8%
2003	7.3%	4.7%
2004	7.0%	4.5%
2005	7.7%	5.6%
2006	6.3%	4.4%
2007	7.0%	5.1%
2008	9.6%	7.8%
2009	14.0%	12.0%
2010	13.5%	11.6%
2011	13.7%	11.7%

	Annualized Return	Annualized Inflation-Adjusted Return
Median	8.5%	6.9%
Average	9.2%	6.9%
Standard Deviation	5.0%	5.1%

15-Year Returns

Starting Year	Annualized Return	Annualized Inflation-Adjusted Return
1871	7.3%	10.5%
1872	7.1%	10.4%
1873	6.3%	9.4%
1874	6.7%	9.8%
1875	6.8%	9.8%
1876	6.0%	8.4%
1877	8.4%	11.3%
1878	8.9%	10.0%
1879	6.3%	7.7%
1880	3.7%	6.7%
1881	2.4%	4.8%
1882	2.6%	5.8%
1883	3.7%	6.5%
1884	5.9%	8.1%
1885	7.1%	7.4%
1886	6.6%	6.8%
1887	7.0%	7.1%
1888	7.6%	7.4%
1889	6.1%	5.8%
1890	7.6%	6.8%
1891	9.4%	8.8%
1892	8.2%	6.9%
1893	5.8%	5.2%
1894	9.7%	7.8%
1895	10.5%	7.6%
1896	9.9%	7.6%
1897	10.0%	7.5%
1898	9.1%	6.3%
1899	6.9%	4.2%
1900	6.2%	4.5%
1901	6.8%	4.7%
1902	6.1%	3.4%
1903	4.1%	0.8%
1904	6.6%	1.8%
1905	5.9%	0.3%
1906	3.5%	-1.9%
1907	4.1%	-0.3%
1908	7.9%	3.2%
1909	5.9%	1.3%
1910	6.5%	2.6%
1911	8.4%	3.8%
1912	9.0%	4.4%
1913	10.8%	6.7%
1914	14.1%	10.1%
1915	13.7%	9.8%
1916	9.8%	6.7%
1917	5.0%	3.6%
1918	6.0%	6.6%
1919	8.1%	9.7%
1920	6.2%	8.7%
1921	10.4%	12.8%
1922	11.8%	13.2%
1923	7.1%	8.3%
1924	7.9%	9.4%
1925	6.4%	8.0%
1926	4.1%	5.8%
1927	2.7%	3.5%
1928	1.9%	2.1%
1929	0.7%	0.6%
1930	2.6%	2.3%
1931	6.7%	5.7%
1932	10.0%	7.0%
1933	10.7%	6.3%
1934	8.0%	3.8%
1935	9.8%	5.9%
1936	8.8%	4.5%
1937	8.2%	3.7%
1938	12.0%	7.4%
1939	11.1%	6.3%
1940	13.7%	8.9%
1941	16.4%	11.5%
1942	17.6%	13.3%
1943	15.7%	11.7%
1944	16.6%	12.7%
1945	15.8%	12.0%
1946	13.8%	10.1%
1947	16.1%	13.5%
1948	15.7%	13.8%
1949	16.5%	14.5%
1950	16.4%	14.2%
1951	14.9%	13.2%
1952	12.9%	11.3%
1953	13.0%	11.1%
1954	13.5%	11.4%
1955	10.0%	7.5%
1956	8.7%	5.9%
1957	9.2%	6.3%
1958	10.8%	7.9%
1959	7.1%	3.7%
1960	4.9%	0.9%
1961	6.7%	2.4%
1962	6.3%	1.6%
1963	5.8%	0.8%
1964	5.5%	0.1%
1965	5.6%	-0.7%
1966	6.4%	-0.5%
1967	6.4%	-0.9%
1968	7.2%	-0.1%
1969	7.8%	0.5%
1970	9.0%	1.8%
1971	10.2%	3.0%
1972	11.2%	4.1%
1973	9.8%	2.7%
1974	12.4%	5.4%
1975	15.7%	9.0%
1976	13.1%	6.7%
1977	14.4%	8.1%
1978	15.7%	9.5%
1979	15.4%	9.7%
1980	14.3%	9.4%
1981	14.8%	10.5%
1982	17.3%	13.3%
1983	17.2%	13.3%
1984	17.8%	14.1%
1985	18.4%	14.7%
1986	16.1%	12.6%
1987	12.9%	9.5%
1988	11.4%	8.1%
1989	12.1%	9.0%
1990	11.0%	8.0%
1991	11.8%	8.9%
1992	10.6%	7.8%
1993	10.0%	7.1%
1994	6.0%	3.4%
1995	8.0%	5.4%
1996	6.9%	4.4%
1997	5.4%	3.0%
1998	4.8%	2.3%
1999	4.4%	2.0%
2000	4.3%	2.1%
2001	4.4%	2.3%
2002	6.8%	4.6%
2003	10.0%	7.8%
2004	7.9%	5.7%
2005	9.2%	7.0%
2006	9.7%	7.7%

	Annualized Return	Annualized Inflation-Adjusted Return
Median	8.3%	6.8%
Average	9.2%	6.7%
Standard Deviation	4.0%	3.9%

20-Year Returns

Starting Year	Annualized Return	Annualized Inflation-Adjusted Return
1871	6.2%	8.7%
1872	6.3%	9.3%
1873	6.1%	8.7%
1874	5.1%	8.3%
1875	5.1%	8.1%
1876	5.1%	7.6%
1877	6.0%	8.8%
1878	7.1%	8.8%
1879	7.7%	8.8%
1880	5.7%	7.0%
1881	5.5%	6.5%
1882	6.4%	7.7%
1883	6.6%	7.4%
1884	5.9%	6.5%
1885	8.1%	8.0%
1886	7.8%	7.4%
1887	7.2%	6.6%
1888	5.7%	5.6%
1889	7.3%	6.7%
1890	7.8%	6.4%
1891	7.9%	7.0%
1892	7.2%	6.0%
1893	7.2%	6.1%
1894	8.1%	6.1%
1895	7.6%	5.3%
1896	8.8%	6.4%
1897	9.1%	5.9%
1898	7.0%	3.1%
1899	6.5%	1.8%
1900	7.3%	2.6%
1901	5.4%	0.8%
1902	5.0%	1.1%
1903	5.9%	2.5%
1904	7.2%	3.3%
1905	7.0%	3.3%
1906	7.2%	3.3%
1907	7.8%	4.2%
1908	11.0%	7.2%
1909	11.3%	7.8%
1910	9.9%	7.0%
1911	8.7%	5.8%
1912	5.4%	3.1%
1913	4.7%	3.3%
1914	7.3%	5.9%
1915	7.2%	5.6%
1916	8.1%	6.6%
1917	9.2%	8.2%
1918	8.2%	8.1%
1919	8.2%	9.1%
1920	7.4%	9.2%
1921	7.7%	9.3%
1922	6.7%	7.1%
1923	6.3%	6.3%
1924	7.2%	7.2%
1925	6.9%	6.7%
1926	7.4%	7.3%
1927	6.1%	5.1%
1928	4.6%	3.0%
1929	3.1%	1.3%
1930	4.4%	2.8%
1931	7.4%	4.9%
1932	11.6%	8.3%
1933	12.8%	8.8%
1934	10.4%	6.6%
1935	13.0%	9.3%
1936	12.0%	8.4%
1937	10.8%	7.1%
1938	12.6%	8.8%
1939	13.6%	9.6%
1940	13.9%	9.7%
1941	14.8%	10.6%
1942	16.3%	12.6%
1943	15.1%	11.7%
1944	15.0%	11.7%
1945	14.8%	11.6%
1946	13.5%	10.4%
1947	13.9%	11.5%
1948	14.6%	12.5%
1949	14.6%	12.4%
1950	13.2%	10.5%
1951	11.9%	9.4%
1952	11.6%	9.1%
1953	11.7%	9.1%
1954	10.6%	7.6%
1955	7.2%	3.7%
1956	7.6%	3.7%
1957	7.8%	3.8%
1958	7.6%	3.5%
1959	6.6%	2.1%
1960	7.1%	2.0%
1961	8.0%	2.3%
1962	6.6%	0.7%
1963	8.2%	2.0%
1964	8.1%	1.9%
1965	7.8%	1.4%
1966	8.4%	1.9%
1967	10.3%	3.8%
1968	9.3%	2.9%
1969	9.7%	3.2%
1970	11.3%	4.8%
1971	10.9%	4.3%
1972	11.7%	5.1%
1973	11.2%	4.7%
1974	12.8%	6.5%
1975	14.2%	8.3%
1976	14.0%	8.4%
1977	14.8%	9.2%
1978	16.8%	11.4%
1979	17.5%	12.5%
1980	17.4%	13.0%
1981	15.8%	11.8%
1982	15.4%	11.8%
1983	12.6%	9.1%
1984	13.0%	9.6%
1985	12.9%	9.6%
1986	12.1%	8.8%
1987	11.3%	8.0%
1988	11.3%	8.0%
1989	8.0%	5.0%
1990	8.4%	5.6%
1991	9.3%	6.6%
1992	8.0%	5.3%
1993	8.4%	5.8%
1994	9.0%	6.5%
1995	9.6%	7.3%
1996	7.8%	5.5%
1997	7.5%	5.3%
1998	7.4%	5.1%
1999	5.7%	3.5%
2000	6.2%	4.0%
2001	7.4%	5.3%

	Annualized Return	Annualized Inflation-Adjusted Return
Median	8.0%	6.6%
Average	9.2%	6.6%
Standard Deviation	3.2%	3.0%

30-Year Returns

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Starting Year	Annualized Return	Annualized Inflation-Adjusted Return
1871	6.9%	8.7%
1872	7.1%	8.7%
1873	7.0%	8.4%
1874	6.4%	7.8%
1875	7.2%	8.3%
1876	7.7%	8.6%
1877	8.3%	9.1%
1878	7.3%	7.6%
1879	8.0%	7.7%
1880	7.1%	7.1%
1881	6.1%	6.2%
1882	6.2%	6.6%
1883	6.4%	6.4%
1884	6.4%	6.1%
1885	6.7%	6.0%
1886	6.7%	5.8%
1887	6.6%	5.2%
1888	5.9%	4.1%
1889	6.3%	3.8%
1890	6.7%	3.5%
1891	6.4%	3.3%
1892	6.2%	3.2%
1893	6.8%	4.2%
1894	7.8%	4.5%
1895	8.5%	5.1%
1896	9.2%	5.6%
1897	9.5%	5.9%
1898	9.9%	6.5%
1899	10.4%	7.1%
1900	9.9%	7.1%
1901	8.3%	5.7%
1902	5.6%	3.5%
1903	5.1%	3.7%
1904	7.3%	5.7%
1905	6.0%	4.4%
1906	6.9%	5.2%
1907	7.9%	6.2%
1908	7.5%	5.8%
1909	6.9%	5.3%
1910	6.5%	5.3%
1911	6.3%	4.8%
1912	5.8%	3.9%
1913	6.2%	4.3%
1914	7.2%	5.2%
1915	8.0%	6.0%
1916	8.2%	6.2%
1917	7.5%	5.3%
1918	8.3%	6.4%
1919	8.1%	6.7%
1920	8.0%	7.3%
1921	9.6%	8.6%
1922	10.0%	8.3%
1923	9.6%	7.9%
1924	9.5%	7.9%
1925	10.0%	8.4%
1926	10.1%	8.6%
1927	9.9%	8.3%
1928	8.6%	6.8%
1929	8.4%	6.5%
1930	9.0%	7.1%
1931	10.2%	7.9%
1932	13.0%	10.2%
1933	13.1%	10.0%
1934	12.2%	9.0%
1935	13.0%	10.0%
1936	11.8%	8.7%
1937	10.5%	7.4%
1938	12.5%	9.3%
1939	12.3%	8.9%
1940	11.9%	8.2%
1941	12.5%	8.6%
1942	13.3%	9.7%
1943	13.2%	9.8%
1944	11.7%	8.1%
1945	10.2%	6.3%
1946	10.2%	6.2%
1947	11.1%	7.4%
1948	10.6%	7.1%
1949	10.8%	7.0%
1950	10.8%	6.5%
1951	10.6%	6.1%
1952	9.6%	5.0%
1953	10.0%	5.4%
1954	10.6%	5.8%
1955	9.5%	4.6%
1956	9.4%	4.4%
1957	10.2%	5.2%
1958	10.3%	5.3%
1959	9.7%	4.6%
1960	10.2%	4.9%
1961	9.9%	4.5%
1962	10.3%	4.8%
1963	10.6%	5.1%
1964	10.3%	4.8%
1965	9.8%	4.2%
1966	10.5%	4.9%
1967	11.7%	6.0%
1968	12.0%	6.4%
1969	12.7%	7.1%
1970	13.6%	8.1%
1971	13.1%	7.7%
1972	12.1%	6.7%
1973	10.6%	5.4%
1974	12.2%	7.2%
1975	13.3%	8.5%
1976	12.4%	7.8%
1977	12.5%	8.0%
1978	12.8%	8.3%
1979	10.6%	6.5%
1980	11.1%	7.4%
1981	10.8%	7.4%
1982	11.2%	8.0%
1983	10.8%	7.7%
1984	10.9%	7.9%
1985	11.1%	8.2%
1986	10.1%	7.3%
1987	9.8%	7.0%
1988	10.7%	7.6%
1989	9.9%	7.3%
1990	10.1%	7.5%
1991	10.7%	8.3%

	Annualized Return	Annualized Inflation-Adjusted Return
Median	9.9%	6.7%
Average	9.4%	6.6%
Standard Deviation	2.2%	1.7%

Data Collection

All data was gathered from DQYDJ using a start month of January for each rolling period. Returns include dividend reinvestment.