Retiring in 1965: a 4% withdrawal ran out of money in year 31
Retiring in 1965 with $2M and a 4% inflation-adjusted withdrawal, the money ran out in year 31 (1995). Its worst year was 1974, when the S&P 500 lost 20.7% including dividends. Inflation had pushed the yearly withdrawal from $80K to $385K by then.
Portfolio Value: Started in 1965
100% S&P 500
75/25 stocks/bonds (Trinity study mix)
Major market event
Starting: $2,000,000
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Withdrawal: 4.0%