No, he still has time to get out. He just needs somebody to wave him off.
5 seconds sound clip from the Apollo 13 movie soundboard.
You can hear this line at 00:04:23 in the Blu-ray version of the movie.
Quote context
[...]
- There he is! Everybody quiet down!
- You got a good picture, huh?
- We can verify the position of the opening I ought to have on the camera.
- You think it's too late for him to abort?
- No, he still has time to get out. He just needs somebody to wave him off.
- Neil, we can see you coming down the ladder now.
- I'm at the foot of the ladder.
[...]