You didn't mention your insurance, so I hope you have that settled. Hospitalisation, and a Income Protection plan in the event of Illness. After you have the basics settled and with the amount of monies in your EF, you should start investing. All the money you save right now should be deployed into a globally diversified portfolio. You can set up a few portfolios for short term, mid term, and long term goals. With no liabilities and a spouse, you can start working towards financial independence by adding more income from your investments that will help you retire a little bit more in a few years time until it fully replaces your income and your need to work.