Below is a chart courtesy of @beursanalist showing the AEX index since its inception in 1983 with and without dividends.
The AEX started on January 3 1983 with a starting price of € 45. As I write this blogpost the AEX index is at 350,74.
This chart shows how important compounding (the re-investment of your dividends) really is over a long term.
The return without compounding is roughly 677% over 30 years while the return with compounding is roughly 1900%.
Now I only need to get my hands on an AEX-inflation-adjusted chart.