Very much so. Joe Kittinger went as fast as 714MPH when he jumped from a balloon at an altitude of 102,800ft in 1960. By the time his parachute was deployed he would have been closer to 120MPH. This was meant to answer a different question about atmosphere and speed. My mistake. :(
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Get a plastic bag a yougurt cup and string. First poke two holes on the sides of the yougurt put the string in. Tie tightly put a egg in the cup then drop from pourch or roof anything way up high.
i would use lots of cotton wool for the egg, and paper towels selotaped together. use selotape to tie the egg to the parachute (done this in school b4)