Not everyone spends, spends, spends their midlife surplus. Some folks help an adult child buy a first home or bankroll a grandchild's education. But being too generous here could hurt you later. Make sure you and your spouse have plenty to live on during your retirement years before worrying about financing little Susie's college fund. Some people use their pre-retirement surplus to help figure out what they'll do with most of their time once they stop working.
Some people have a real clear idea what they'll be doing when they leave the work force.
You Want Now . Some people take art classes. Others start mentoring or volunteer in community or church groups. The kids are gone and hopefully self-sufficient. You've got to find something to drive your soul.