That doesn't sound unreasonable. That is Ivy Bridge/Intel Core 3rd gen capabilities. You aren't running a generative AI but can do all manner of work loads. Combined with some software efficiency gains and you could be fairly comfortable.
This part of why I have been advocating for years that the open source/free software folks should be focusing on optimization and stability/security as long term it will probably be much more useful that adding features that can be dumped on top.
22nm is already overkill for a lot of applications. But, like, if your country gets embargoed, you should be able to make computer chips for cars and farming equipment. Top end GPUs? Not necessary. Some basic RISC-V cpu for compute appliances? That should be a capability that everybody has.