$10M seems way too much - if it's per year. Call me paranoid, but that kind of money invites the ESG crowd.
Eh, inflation has happened, and taxes, medical bills, and real estate are insane these days. So much so that you can't live a "normal" life of the standards of 20 years ago with less than $500K+ in salary. (At normal "middle class" modest levels of life hat's $250K after taxes, $200K after medical expenses, $150K after rent, $100K after food, $50K after transportation, $25K after food ...) Sounds outrageous but most…
99% of the country doesn't pay $50K per year in rent. Nor $50K per year in food. Nor $50K per year in transportation. Nor an additional $25K per year in food.