Yes, if you wish to run the very latest MacOS software.
However, you will still receive updates on your current MacOS, until the MacOS on the device cannot run macOS Monterey 12.7.2 or higher

Machines able to run macOS Monterey 12.7.2 will still receive regular security updates and include the following devices:
- MacBook Pro introduced in 2015 or later
- MacBook Air introduced in 2015 or later
- MacBook introduced in 2016 or later
- Mac mini introduced in 2014 or later
- iMac introduced in late 2015 or later
- iMac Pro
- Mac Studio
- Mac Pro introduced in 2013 or later
What if my Mac cannot run Monterey or higher?
You may find issues running Safari browser with secure sites such as Banking and Government institutions websites
What can be done to keep my old Mac running and secure?
There are a number of workarounds. Contact us for further help
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