$900k in retirement accounts for 40 yr old working couple

$400k HHI couple both 40 yrs of age with two young toddlers. Just crossed the $900k threshold across several retirement accounts we have.

VHCOL housing and childcare for toddlers leading to lower savings than we’d like. Half of the HHI is w2 with max contributions and employer matching to 401k, while the other half of HHI is own business so not currently putting anything from that income stream towards retirement.

We are not aiming to retire early, so 65-67 yrs would be what we are thinking now. Currently retirement accounts have high allocation on stocks rather than bonds and other safer options, because we are not going to be touching our retirement accounts for at least 25 yrs.

We feel behind on retirement readiness, when we compare our current income level versus our retirement accounts balance. Any advice or perspective appreciated!