Is that a fast speed do you think?
i.e.
is the speed relativistic?
is this electron bound to the proton?
can you look up what sort of speeds to expect for electrons to get a feel for how far they may move from protons?
One of the most important parts of learning physics is developing a feel for the way things work.
FWIW: your reasoning is sound - conservation of energy is a solid argument.
Short of double-checking your arithmetic (did you use the right numbers? did you keep track of the minus signs?) and making sure there are no energy losses you've forgotten about - you should be fine.
I just think you should start getting used to looking at your answers and asking if they make sense ... the distance moved here is almost 1mm ... this is very big compared to an atom but the electron starts out 2cm away from the proton so it does not look like it should be bound - so you should expect a large displacement to be possible. You could also work out what the speed would be when the electron is close to the proton (r=0).