I like the sentiments expressed in the post and hope that on my deathbed I will not regret "not having spent more time with my children".
I think, though, I would regret it more if on my deathbed I thought "My children did not get the opportunity to attend University because we could not afford it", or "If I had the money to send them to a better school, they may have had more opportunities".
I also would not like to be a burden on my children if I became sick because I did not have enough money saved to pay for medical care or whatever other care I need.
In my fifties, when there are redundancies, I don't want to be the one they say "while all the other workers are prepared to put in the hard yards, he's the one that always leaves at 5:00" or miss out on promotions because the others work longer hours than me.