Who knows what the future holds.
http://awealthofcommonsense.com/2016/05/deconstructing-30-ye...
> The worst 30 year return — using rolling monthly performance — occurred at the height of the market just before the Great Depression and stocks still returned almost 8% per year over the ensuing three decades.
(This number is not adjusted for inflation, but still.)
https://www.thebalance.com/rolling-index-returns-1973-mid-20...
> The S&P 500 Index, shown in bright red, delivered its worst twenty-year return of 6.4% a year over the twenty years ending in May 1979.
Very few start dates yield poor returns over a 20-year period, and fewer over a 25+ year period. Much less 67 years.
I'm also not sure about the methodology of "including fees and taxes," since the average mutual fund fee has been very high until quite recently, despite Vanguard's start in the 70s, and taxes are highly individual. The article is light on details.