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Retiring in 1928: $1M grew to $14M on a 3.5% withdrawal

Retiring in 1928 with $1M and a 3.5% inflation-adjusted withdrawal, the portfolio grew to $14M after 50 years. Its worst year was 1931, when the S&P 500 lost 43.1% including dividends.

Portfolio Value: Started in 1928

100% S&P 500
75/25 stocks/bonds (Trinity study mix)
Major market event
Starting: $1,000,000 · Withdrawal: 3.5%