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Do I really need DOCSIS 3.1 modem?
(lemm.ee)
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I can't speak to your modem situation exactly, but I believe you only need the newer modem if you are actually getting that bandwidth from your provider. If you are pretty well below the 3.0 ceiling, I think you're probably just fine.
Re: the router: a newer one can be helpful if you are having issues with wireless devices farther from the router losing connection. If you have a big house, you would be better off with mesh. If you have a small house or apartment, a new Wifi 6 router would solve that problem for you. And most importantly: if you aren't experiencing any obvious issues with your wifi, it probably isn't worth the price of an upgrade.