Retiring in 1982: $1M grew to $99.3M on a 4% withdrawal

Retiring in 1982 with $1M and a 4% inflation-adjusted withdrawal, the portfolio was worth $99.3M after 44 years, as of the latest data. Its worst year was 2008, when the S&P 500 lost 35.2% including dividends. August 1982 marked the start of an 18-year bull market, as Paul Volcker's Fed brought inflation down from double digits.