I can testify to this. I am a voracious reader, especially of fanfics. Google tells me that Fallout: Equestria itself comes in at 484,000 words. For comparison, an average paperback comes in a 100K. The Lord of the Rings trilogy is 473,000.
I've been reading this story every spare minute for about a week now, and I've only just now reached the half-way point. It is one of, if not the best, grimdark fanfiction. Be warned: it's violent, has profanity, and certain side stories contain sexual content. Still great, though.