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Retiring in 1938: $2M grew to $143.5M on a 4% withdrawal

Retiring in 1938 with $2M and a 4% inflation-adjusted withdrawal, the portfolio grew to $143.5M after 50 years. Its worst year was 1974, when the S&P 500 lost 20.7% including dividends.

Portfolio Value: Started in 1938

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