People who do not have natural talent and high IQ keep bringing up this justification that IQ is 2% and effort 98% which is a case of psychological delusion. I sympathise with all those millions of chess club players who have spent their whole life practicing, practicing and practicing without ever reaching master level. All great chess players in their interviews admitted that they had special talent which helped them reach high levels. People can watch Fischer and Carlsen’s interviews as examples.
Natural talent isn't something that can be controlled. Carlsen, for example, has a phenomenal memory. Morphy did, as well. Luck of the draw.
But for the rest of us mortals, effort and dedication is a controllable factor. Fischer, for example, obviously had talent, but it was his work ethic that put him over the top. He was obsessive with chess, to an incredible degree.
He put in the long hours (literally, spending twelve hours a day or more on chess). He even learned Russian for the sole purpose of gaining access to more study materials. And all the effort clearly paid off.
A lot of players hit a wall in their improvement, that's true. Usually, that's where coaching can help (if one has access to it).
Your understanding of IQ is flawed. IQ only measures your 'potential' to excel in any given field. The IQ you are born with is the same as the one you die with, it has been proven that it can't be trained or improved. It affects your ability to learn things, understand things, solve problems etc, hence the capacity of a person to excel at chess is higher for those with a higher IQ, of that there is no doubt. However IQ, being all about potential, still requires the person to put in the effort and hard work to realise that potential. Your IQ score is also dependent on the type of test so the actual score is irrelevant, only the percentile score on any given test e.g. top 2%.
As it happens, I recently had a formal test at the age of 36 and have decided to take up chess again after longing for something to challenge me and scoring well on the test. Haven't played regularly since I was about 16!
Basically you're saying: "Live with the IQ, die with the IQ"
Certain factors can actually harm your IQ over time though. Examples include smoking, not sleeping enough for a long time, and other things that can lead to or worsen neurological decline. A lot of IQ tests are also inaccurate, doing one IQ test with some answers then doing the test again with the same answers can give you different results for each test even though you gave the exact same answers.