I guess we'll see, won't we. I mean for all the panic about Wuhan, fewer than 3.2K people died there so far, and when it all winds down, the death toll will likely be below 5K people. Probably fewer than died of flu complications in the same time frame. Given that the vast majority of the cases are not acute, probably most of their metro population was exposed to the virus, which is tens of millions of people.
I know that extreme measures were taken to stop the spread (and such actions are infeasible in the West), but they did contain it: there are very few new cases or deaths.
So no, there won't be "millions of deaths" or anything close to that, especially if older people are isolated.