I think the timeframe that started with 2000 might be one of those few that's destined for failure. At least, for me. I put a bunch of data into a spreadsheet awhile back, using my actual gains and losses for each year, and also the actual rate of inflation for each year. If I had started off with $1M on 12/31/1999, a 4% withdrawal rate would have me at $287,553 at the end of 2017. While I wouldn't be out of money, at that rate what's left wouldn't last much longer.
A 3% withdrawal rate would have me at $817,293. I think even that would have me a little leery. Although, for a 30 year retirement, at this point there would only be 12 years left, so that might work out. But for, say, a 40 year or more timespan, I might be a bit apprehensive.
As for that 2000-2002 timeframe, If I was retired, I probably would have started scaling back on my spending over the summer of 2001. As I recall, 2000 actually wasn't all that bad for the most part, and I only ended up down about 5.4%. The early part of 2001 actually seemed optimistic, and I hit a new all-time peak in May of that year...of course, I was (and am) still adding investments, and not having to draw anything out yet. But, as things cooled down over the summer, I would've begun to worry. And then, the 9/11 tragedy hit. I ended up down about 30.4% that year. And I went on to lose another 23.1% in 2002.