Technically you would call it “lukewarm” but it’s still probably hotter than the water you shower in.
OK. The setting on a water heater is usually around 120°, but we actually “hot” shower somewhere between 95° and 105°. The Eco mode lets the water heater “rest” a little at times, allowing the water to cool down, but likely a maximum of about 5-10°, not more. They know there has to be some hot water available, just not as much as during heavy demand times.
So a “learning” eco mode will likely find that you need more in the morning, perhaps less in the day (depends on washing machine), maybe more at night (for dishes), etc. It’ll never get it really right, but it can modulate its behavior somewhat, save a bit of energy, and still be “prepared” to serve you with hot water on demand.
(During a heavy demand period the water will be at max hot, factory set at 120° (but mine goes to 140° - with warnings that it is scalding in big red letters at that temp). In the morning you regulate the temp by mixing “hot” and “cold” water, and it stretches the 40 gallon tank to provide 50 or 60 gallons of “hot”. During a “rest” period it might only be able to provide 35 “hot” gallons - direct through the hot water pipe, no cool mixing needed. But yeah, if you run out then you’re SOL until it rebounds which could be a couple hours.
There is also a vacation mode under the app setting in my previous house, but not on the Rheem (or at least I haven’t noticed.) Presumably that all but shuts it waayyyy down until you come back. I never used it, we always had people in the house when we traveled.
All this experience is with electric heat pumps: furnaces and water heaters. I haven’t had gas or oil since the 80’s. And no, I don’t bother with the Eco mode, we’re always here and our needs are irregular = but I did read the manual and then a bunch of other stuff about it when I got it. Same with the Nest thermostat, too; doesn’t pay to let the house drift down when one of us is always home anyway.
OK, this is almost as long as a CVS receipt, so I should stop. Anyway, I didn’t buy it for the Eco property, I bought it for the overall “heat pump” vs induction heat. If I break even on overall cost that’s enough for me. If I did a little better, OK, that’s fine too.