VERY dependent. We are talking about an object that routinely travels *500 mph* horizontally under, say, 80,000 - 90,000 lbs of thrust, but which weighs 200,000 lbs or so.
500 mph with two jet engines pushing it. You forgot about that part.
Pieces of a disintegrated aircraft are not very aerodynamic, so I probable overestimated their terminal velocity. On second thought, 120 mph is probably closer to the truth.