Where do you get your 50M worldwide figure? When a new flu appears, Neil Ferguson claims his 3K lies of undocumented C code forecast 200M will die. These numbers are all speculation and worse predictors than throwing darts at a board behind your back.
If you look worldwide, there are 7.8B people. If herd immunity takes 60% of the population becoming infected, that's 4.6B infections. With an IFR of 1%, that's 46.8M deaths. 460M hospitalizations (where possible).
Even say the IFR is overstated as some like. Say it's a magnitude less, comparable to the flu at .1% Now you are down to 4.7M deaths, but still the 460M hospitalizations. Still one of the most serious crises in the last 100 years.