We study algorithms for estimating the size of maximum matching. This problem has been subject to extensive research. For $n$-vertex graphs, Bhattacharya, Kiss, and Saranurak [FOCS'23] (BKS) showed that an estimate that is within $\varepsilon n$ of the optimal solution can be achieved in $n^{2-Ω_\varepsilon(1)}$ time, where $n$ is the number of vertices. While this is subquadratic in $n$ for any fixed $\varepsilon > 0$, it gets closer and closer to the trivial $Θ(n^2)$ time algorithm that reads the entire input as $\varepsilon$ is made smaller and smaller. In this work, we close this gap and show that the algorithm of BKS is close to optimal. In particular, we prove that for any fixed $δ> 0$, there is another fixed $\varepsilon = \varepsilon(δ) > 0$ such that estimating the size of maximum matching within an additive error of $\varepsilon n$ requires $Ω(n^{2-δ})$ time in the adjacency list model.