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The phrase "after squandering much of" is correct and usable in written English.
It can be used to describe a situation where someone has wasted a significant amount of resources, time, or opportunities before a subsequent event or action.
Example: "After squandering much of his inheritance on frivolous purchases, he realized he needed to start saving for the future."
Alternatives: "after wasting a significant portion of" or "after depleting much of".
Exact(1)
After squandering much of the last six months on faulting Russians for the horrific presidency of Donald Trump..
Similar(59)
He risks squandering much of that by seeking confrontation rather than the political consensus he needs to improve the lot of poorer Bolivians.
It ended by squandering much of its promise because it was too reactive.
After he squandered much of his fortune, Melbourne exchanged his grand house in 1791 with that of the king's son, the Duke of York and Albany, who installed his Prussian wife and her menagerie of cats, dogs and monkeys.
I had squandered much of the semester covering Columbia.
Five years earlier, after the drowning of her son, she fled Russia for France, where she took a lover whom she allowed to squander much of her fortune.
A holdover from the bare-knuckle days, he had squandered much of his fortune during years of drunken carousal.
However, the UN squandered much of its credibility in this context during the time of a coup in 2007.
Since then, he has squandered much of his initial support and seems uncertain as to where he is heading.
Her second husband squandered much of her fortune in the stock market, so the match was short-lived.
Ever cautious, McClellan squandered much of his advantage by waiting more than 17 hours before getting underway.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com