It depends what you mean by a lot.

It's a lot, but is it rich (in the US)? No.

According to several surveys held in the US, around $2.5M was what most considered enough to be considered wealthy. However, with recent inflation, that figure has probably increased.

Btw the minimum amount needed to be included in the top 1% of household net worth in the US is $11,099,166.

Yes. At least in Europe you can retire with that amount of money and never work again