Retiring in 1946: $1M grew to $107.1M on a 3.5% withdrawal

Retiring in 1946 with $1M and a 3.5% inflation-adjusted withdrawal, the portfolio grew to $107.1M after 50 years. Its worst year was 1974, when the S&P 500 lost 20.7% including dividends. 1946 brought a burst of postwar inflation and a sharp stock decline as wartime price controls were lifted.