u/Entire_Issue9506

Is retirement really as simple as it seems? I’m early 30s, and am fortunate enough to be able to contribute the max amount to my 401k per year. If I run the math, depending on interest rates I would retire at 65 with roughly 6-7M, obviously there’ll be taxes paid on that, but I think I would be comfortable in retirement at 3M net.

Of course I’m trying to take advantage of other investments, but worst case maxing 401k is relatively safe, or am I over simplifying it?

I’m hoping for some advice or feedback on where I stand financially and thoughts on spending more of my income.

For context:
32M
Income ranges between 150k-200k (sales so it fluctuates)
$40k in 401k
$110k in investments that are liquid (index funds, HYSA, could be pulled within a few days if needed for house down payment, etc)
$15k emergency fund
After all expenses I generally have a few thousand left over that I put into savings.
Long term will likely make slightly more given my career path, would like to have kids in about 3 years. (For what it’s worth) Wife makes more and is very financially comfortable

I would consider myself very frugal with money, whenever I get commission checks they instantly go to savings. I almost never spend large chunks of money on travel, cars, etc. I realized I constantly have anxiety/stress about saving the majority of my income. I understand my 401k is fairly low considering my other finances, and my main question is this: should I start allocating the max to my 401k, which would slow down my other investments, and stop stressing so much about small spending for more travel/lifestyle with my leftover money? If I started maxing my 401k I would retire around 65 with $2-$3M, which would be plenty. Im not thinking of being reckless, I’m just worried I’m not enjoying my youth as much as I should seeing friends traveling Europe, staying in nice hotels etc. I know I’ll never be irresponsible with money, but I do feel like I’m missing out by stressing so much.

Edit in response to comments: When I say putting money into savings it’s usually into my index funds (the $110k). I definitely can afford to max out my 401k, historically I’ve just put money into index funds rather than a 401k, which is why the balance is so much higher. Money is relatively new, I used to make 90-100k before moving into this space.