In a developed ovary, a female fetus typically has around 1-2 million primordial follicles. These follicles contain immature eggs (oocytes). As the individual matures, the number of primordial follicles decreases, and only about 300,000 to 500,000 primordial follicles remain at puberty. By the time of menopause, the number is further reduced.
Thus, the correct answer is 1-2 million.