^ Not necessarily. Since the mid 70's all master cylinders have been a dual reservoir type on passenger automobiles to prevent catastrophic failure. If it is a single reservoir and you lose all the fluid, there won’t be any braking capacity. Now, most look like they are single reservoir since they have a single cap, but that thing has an internal wall to keep enough fluid to run half the brakes (usually). It is also typically known that the front brakes do over 60% of the vehicle braking, so when they start to go, its best to check out the whole system.
First thing to do is to pop the hood and check the fluid level to see if one side is lower than the other. If it is, refill and check for leaks with someone pumping the brakes while another is underneath. A substantial leak will be easy to spot, slow leaks are a pain in the arse to find; or you won’t find it until you get a blowout and all the fluid is on the road with you not stopping (not fun).
Since you are in salt country, you could have a rusted line that has a small leak causing the loss of braking capacity; or one of the rubber lines between the distribution block and the caliber has dry rotted and needs replacement. Best check is when the underside of the vehicle is relatively dry; look for wet spots or areas on the brake lines (brake fluid has a distinct smell, so try to smell the wet area if you can and compare to the smell in the brake reservoir). Replace any lines if found faulty and bleed the entire system.
Front brake caliper seals have been known to go bad, so it could be that and you may not immediately see the leak. To check for this, you’ll need to pull the wheels and the calipers to check for wet spots on the seal or along the rotor. It’s a good time to check the pads while yer in there and replace if necessary.
Two mechanically inclined people can easily change out a master cylinder in a couple hours as well as check the entire brake system. Just remember to bench bleed the master before installation (it will save you headaches later!).
Good luck.