S&P 500 · worst-case entry

What if you'd bought S&P 500 at the exact 2007 top?

$500/month starting 2007-10-09 — the single worst entry day of the era, straight into a 57% crash. Real adjusted closes, T+1 execution, versus a lump sum on the same day.

If you invested $500/month in S&P 500 from 2007-10 to 2026-09...

$420,591

grown from $113,500 invested over 18.9 years. +$307,091 (+270.56%)

DCA from the top vs. lump sum at the top

Same total money — $113,500 — deployed two ways from 2007-10-09: $500 every month, or everything on the peak day.

StrategyFinal valueTotal returnAnnualized
DCA from the top $420,591+270.6%12.5%/yr IRR
Lump sum at the top ahead$556,461+390.3%8.8%/yr CAGR

Growth over time (DCA)

Dashed: cumulative invested · Solid: portfolio value

Investment schedule

Per investment
$500.00
Frequency
Monthly
Window
2007-10-09 → 2026-09-08
Duration
18.9 years
Number of investments
227
× $500.00 each

Results

Total invested
$113,500
227 × $500.00
Final value
$420,591
as of 2026-09-08
Total return
+$307,091
+270.56%
Annualized (IRR)
12.5%/yr
compounded over 18.9 years

Buying the 2007 pre-GFC top: what actually happened

The S&P 500 peaked on October 9, 2007, months before the global financial crisis unfolded. By March 9, 2009 the index had lost 57% — the deepest US equity drawdown since the Great Depression. On a total-return basis it took until March 2013 to close above the 2007 peak.

Buying the 2007 top is the classic worst-case for a US stock investor. The DCA buyer's first purchases were deeply underwater for years, but every automatic buy through 2008–2012 landed at crisis prices. Note the honest result below: over the very long recovery-plus-bull-market that followed, a lump sum at the top still ended ahead of DCA — being fully invested for 18+ years beat averaging in, even from the worst starting day. What DCA bought was a radically smaller drawdown on the money at risk early on.

Cite this stat

A $500/month DCA into S&P 500 started at the October 2007 pre-crisis peak (2007-10-09) would be worth $420,591 on $113,500 invested (+270.6%) as of September 2026, while the same total invested as a lump sum at the peak would be worth $556,461 (+390.3%).

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Frequently asked questions

What happened after the October 2007 pre-crisis peak?
S&P 500 fell 57% from the 2007-10-09 peak, bottoming on 2009-03-09. The price first closed back above the peak on 2013-03-28.
Did DCA beat a lump sum bought at the 2007 top?
As of September 2026: DCA from the top is worth $420,591 versus $556,461 for a lump sum of the same total money invested on the peak day. The lump sum is ahead — a long enough bull market after recovery rewarded being fully invested early, though it endured a much deeper drawdown along the way.
How is this calculated?
Yahoo Finance adjusted closes (dividends reinvested, splits applied). Monthly buys on the same day-of-month as the peak date; buys landing on non-trading days execute at the next trading day's close (T+1). Annualized return is IRR computed on the actual cashflow schedule. No fees or taxes modeled.

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Other worst-case entries

Disclaimer: This page is for educational purposes only. It is not investment advice. Historical performance does not predict future results. Always do your own research.