Nope. My base 14" is still screaming fast at nearly anything I throw at it, and I like to think I'm a lot more demanding than an average user. That's exactly I expected from it, I planned to get a good 5 years of use.
I don't do much video, 3D, nor gaming on it.
My previous MBP was a late 2013 15", and I used it for 9 years: at that point it was still decent for base usage but the difference was noticeable. But still, I replaced it mostly because a key was broken, one speaker died, there are spots in the display, the battery was basically useless, a bug in the nvidia driver caused the cpu to jump to 100% when using an external monitor, AND I found a deal on the M1.
What I need now is a new gaming PC (mine is still on a 3770k) and a new iPhone (I'm using a 16/2 at the moment).