There are always different levels how deep you go in,but usually you also have a router or router table (between 0,5-1k including bits), a sander (0,5k with sanding paper), the workbench (around 1-4k), etc.
5k for just the basics is very reasonable and that misses the main thing: The bloody wood. Wood has become extremely expensive over the years, especially since the war started and if you do something that keeps you occupied 8h a week it will easily 1-2k of wood and other small stuff per year.
That is then around 10k for 5y of the hobby + optimistically speaking.