Mikhail Botvinnik once stated that two or three opening systems for White and as many for Black is enough for most players; top-rated or otherwise. Of course, it is good to know more openings in order to know how to play against them, but they are not neccesarily to be memorized and known by heart. I myself try to concentrate on mastering only a few systems for both colors in order to get better at those specific openings.
Opening theory is always changing, so it's virtually impossible to memorize all of them. I advise you to follow Botvinnik's advice. You might find it to be more effective.
I always wondered about this also. I have read that some GMs do quit well with just 1 white opening. Then know a few Black openings. Do you really memorize all of white and blacks moves for your system? Or do you just know what the main structure looks like for your opening?
I am just returning to Competitive otb chess after a 12 year lay off and will basicly be using what i used then. 1 white opening that I have studied to about move 12. The main problem starting out is alot of your opponents wont know your opening well or at all. They wont follow book at all. So just go for the structure of what your opening is. Unless this is totally wrong? hehe
As for black I know one def to e4 and d4 that i have studied to about move 8 also. I dont 100% know blacks reply to moves past about 5 or so tho for black. I just am going with the feel. I mean I have been studing the Najdorf .It seems amazing that some GMs would have every possible move for every variation to like move 20. I guess if its your job you would. But still seems amazing.
I am lower rated tho so I have been spending more time on tactics and endgame then openings tho. Since i figure at my level alot of players have very limited opening play. My old rating 12 years ago was 946.