S&P 500 Total Return by Decade History

As we start a new decade what can we expect the total return for next decade to be in S&P 500. S&P 500 Total Return by Decade History Shows that Growth Rate and Multiple Expansion/Contraction Change will be decisive factors.

Unless we are going to see a major recession which delevers from the excesses is the low interest rate world we will likely seen 3-5% earnings growth related return. Depending on how interest rates move we could remain with no change or a change in either direction. 

My sense is that in most scenarios we can expect 5-9% total return per year over the best decade in S&P 500.