Short answer, no :) Virtual Memory is virtual!
Especially if you consider virtual memory as "the memory that can be addressed by a process". On 64 bit systems, the whole disk hardly could back the entire virtual memory. So "in reality", as you asked, I would say no.
Long(-ish) answer: virtual memory exists as a series of data structures in the kernel. They mostly keep trace of which page/segment is currently reserved, allocated, mapped to a file or mapped to physical memory.
Also, the answer is different if what you look at is "allocated virtual memory". This always exists in one form or another (usually, pages backed by hard-disk swap space).