It only took a couple of months for 20% of New Yorkers to get infected.[2] If we assume that half the population will get this disease over the next two years, and we assume an infection fatality rate of 0.3%, that's around 500,000 deaths. (328,000,000 * 0.5 * 0.003 == 492,000). Those are optimistic projections. The IFR is likely higher and the R0 is somewhere between 3 and 9[3], so that means at somewhere between 60% and 90% of the population needs to be infected before we get herd immunity.[4]
Unless there are radical improvements in testing and/or treatment, I think we'll end up with at least 500,000 deaths in the US. That would mean we're about 10% of the way through this catastrophe. So strap in, it's gonna be a long ride.
1. https://twitter.com/COVID19Tracking/status/12538071759457443...
2. https://twitter.com/NYGovCuomo/status/1253353516803993600
3. https://wwwnc.cdc.gov/eid/article/26/7/20-0282_article
4. For the relationship between R0 and herd immunity, see figure 2 of this paper: https://academic.oup.com/cid/article-pdf/52/7/911/847338/cir...