The lexer/parser is never the bottleneck. In fact, you can write those two by hand over a single weekend for a largish language. With LLMs, it takes 15 minutes if you have an unambiguous spec.
The biggest time sink, and the reason you will fail for sure, is the inability to restrict the scope of the project. You start with a limited feature set and produce the entire compiler/vm toolchain. Then you get greedy and fiddle with the type system, adding features that you have never used and probably never will. And now you have to change every single phase from start to end.
I mostly give up at this stage.