* Vocabulary is constantly evolving: New words are added and some become obsolete.
* Letter vs. character: The English alphabet has 26 letters, but we also have special characters (like apostrophes, hyphens, etc.) that are used in words.
* Counting letters in a word vs. the whole vocabulary: Do we count the total number of letters used in all words, or only unique letters?
Here's what we can say:
* The English alphabet has 26 letters.
* There are many thousands of words in the English language, with a constantly growing number.
To give you a more specific answer, you'd need to define what you mean by "letters" and "vocabulary" and potentially specify a dictionary or word list.