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Retiring in 1932: $2M grew to $129.6M on a 4% withdrawal

Retiring in 1932 with $2M and a 4% inflation-adjusted withdrawal, the portfolio grew to $129.6M after 50 years. Its worst year was 1937, when the S&P 500 lost 31.2% including dividends. Stocks hit their Great Depression low in the summer of 1932, so a 1932 retiree started near one of the best entry points of the century.

Portfolio Value: Started in 1932

100% S&P 500
50/50 stocks/bonds (Trinity study mix)
Major market event
Starting: $2,000,000 · Withdrawal: 4.0%