For anyone, it is somewhat unlikely to just reach master level.
"... the NM title is an honor that only one percent of USCF members attain. ..." - IM John Donaldson (2015)
http://www.jeremysilman.com/shop/pc/Reaching-the-Top-77p3905.htm
If one takes up chess at age 17 or later, is one likely to be able to put in the kind of time that is involved for becoming a grandmaster?
"To become a grandmaster is very difficult and can take quite a long time! ... you need to ... solve many exercises, analyse your games, study classic games, modern games, have an opening repertoire and so on. Basically, it is hard work ... It takes a lot more than just reading books to become a grandmaster I am afraid." - GM Artur Yusupov (2013)
http://www.qualitychess.co.uk/ebooks/QandAwithArturYusupovQualityChessAugust2013.pdf
Not sure where I picked this up, but from my understanding it's very rare for anyone over a certain age (17-18?) to take up the game and achieve a GM title. In fact, I don't know of a single GM who didn't start out somewhere between the ages of 4 and 12.
I think it's possible for adults to take up the game late in life and achieve CM or NM, but to get that GM title I'm pretty sure you have to start out real young. There may be exceptions by rare, outstanding people, but I don't know of any.