$1M in Schwab U.S. Dividend ETF in 2016 grew to $2.3M with $527K dividends withdrawn as income.

Investing $1 million in the Schwab U.S. Dividend Equity ETF (SCHD) in 2016 and withdrawing all dividends as cash, mimicking a retiree's spending, would be worth about $2.3 million today. Over this period, the investment generated roughly $527,000 in dividends, averaging around $53,000 annually, with income increasing over time. SCHD focuses on stable, mature companies with strong dividend histories, avoiding high-yield traps and maintaining a low expense ratio of 0.06%. While the fund's price has risen significantly, the current dividend yield is 3.27%, slightly lower than the 3.5-4% yield new investors got in 2016, making future income growth and dividend yield key metrics for retirees to watch.