What should be Angular Bundle Size?

Question

We are using pretty standard Angular & Angular Material packages + two more additional packages, as listed below:

Should our bundle size still be under 512 KB?

Does Angular team recommends 1MB is max limit, or is it a placeholder value for vanilla angular cli app?

angular.json

      "configurations": {
        "production": {
          "budgets": [
            {
              "type": "initial",
              "maximumWarning": "500kb",
              **"maximumError": "1mb"**
            },

package.json

"@angular/animations"
"@angular/cdk"
"@angular/common"
"@angular/compiler"
"@angular/core"
"@angular/forms"
"@angular/localize"
"@angular/material"
"@angular/material-moment-adapter"
"@angular/platform-browser"
"@angular/platform-browser-dynamic"
"@angular/router"
"@ng-bootstrap/ng-bootstrap"
"bootstrap"
"mat-table-filter"
"moment"
"ngx-cookie-service"
"ngx-mat-select-search"
"rxjs"
"save-dev"
"tslib"
"tslint-angular"
"zone.js"