VOO Dividend Calculator
Estimate how much dividend income a VOO investment could generate, and see how reinvesting those dividends could affect your long-term portfolio value.
Your investment
Price growth only, not counting dividends — those are estimated separately below.
An assumption you choose — check VOO's current yield on Vanguard's site before relying on this number.
How much the dividend payout might increase each year, separate from price growth.
Estimated future portfolio value
$404,251
Includes reinvested dividends compounding alongside price growth.
Total contributions
$130,000
Estimated price growth
$203,903
Total dividends reinvested
$70,347
Today's estimated dividend income
Based on your initial investment and entered dividend yield, before any growth.
$10
per month
$30
per quarter
$120
per year
Year-by-year breakdown
| Year | Contributions | Dividends | Price growth | Ending balance |
|---|---|---|---|---|
| 1 | $6,000 | $165 | $924 | $17,089 |
| 2 | $6,000 | $267 | $1,440 | $24,796 |
| 3 | $6,000 | $387 | $2,001 | $33,184 |
| 4 | $6,000 | $528 | $2,612 | $42,324 |
| 5 | $6,000 | $694 | $3,278 | $52,296 |
| 10 | $6,000 | $2,061 | $7,670 | $118,211 |
| 15 | $6,000 | $5,043 | $14,738 | $224,706 |
| 20 | $6,000 | $11,604 | $26,596 | $404,251 |
How the VOO dividend calculator works
VOO is the Vanguard S&P 500 ETF, and like most of the companies in the S&P 500, it passes dividend payments through to shareholders on a quarterly basis. This calculator separates your projection into two parts: price growth (the "Expected annual price return" you enter) and dividend income (based on the dividend yield and dividend growth rate you enter).
Each month, the calculator estimates a dividend payment based on your current portfolio balance and dividend yield, then either reinvests it — buying more shares that go on to grow and pay their own future dividends — or sets it aside as cash, depending on the reinvestment option you choose. The dividend yield itself is assumed to grow slightly each year, based on your dividend growth rate assumption.
For the full formulas behind the price-growth side of the calculation, see our methodology page.
Example calculation
Say you invest $10,000 with a $500 monthly contribution over 20 years, assuming a 7% annual price return, a 1.2% starting dividend yield, and 5% annual dividend growth, with dividends reinvested. Early on, the estimated annual dividend is small relative to the portfolio. As the balance grows from contributions, price appreciation, and reinvested dividends, the dividend income itself grows too — both because the balance it's calculated on is larger, and because the assumed yield rises slightly each year.
Try switching reinvestment off in the calculator above with the same numbers to see how much dividend income you'd receive as cash instead, and how that changes the final portfolio value.
Related Calculators
VOO Calculator
The main VOO growth calculator — initial investment, contributions, and return.
VOO ROI Calculator
See your estimated total ROI and annualized return (CAGR).
VOO Compound Interest Calculator
See how monthly compounding affects a VOO investment over time.
What Is VOO?
A plain-language explanation of the fund, including its dividends.
Frequently asked questions
This is an educational calculator, not financial advice.
Results shown are estimated future values based on the return assumption you enter — they are not predictions and VOO is not guaranteed to achieve any particular return. Past performance of the S&P 500 or any fund does not guarantee future results. Consider speaking with a licensed financial professional before making investment decisions.