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

Where in Europe?

East and the Balkan. Poland, Slovakia, Hungary, Romania, Bulgaria, Greece etc

Spain, Portugal.