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This link does a fairly in depth calculation and finds it’s possible: https://www.investopedia.com/articles/retirement/101416/how-retire-cruise-ship-less-1-mil
by Closi 6y ago
This link does a fairly in depth calculation and finds it’s possible:
https://www.investopedia.com/articles/retirement/101416/how-retire-cruise-ship-less-1-million.asp https://www.investopedia.com/articles/retirement/101416/how-...
- DennisP 6y ago> Princess Cruise Lines, for example, offers last-minute deals from less than $100 a day per person.[5] Booking back-to-back cruises at low rates could help keep your retirement spending under $40,000 a year, which can help your retirement dollars go further. So to fit that budget you'd be constantly hustling for last-minute cruise deals, and for a cheap place to stay when you can't find a cheap cruise ready to go at your current port. That's not exactly what I'd call "set for life." Also note their estimate is "per person." Cruise lines price rooms for at least double occupancy so they're actually saying you'll need $200/day, unless you're splitting with someone who has their own money. On top of cruise fees, you'll need some budget to just buy stuff now and then. You might even want health insurance.
- Closi 6y ago> Also note their estimate is "per person." Cruise lines price rooms for at least double occupancy so they're actually saying you'll need $200/day, unless you're splitting with someone who has their own money. I think you misread the article - it assumes you have a one person cabin and then says you could do it cheaper if two of you are together. And yes, you will have to look for a good deal. This is the reality of cruising too, there are always heavy discounts which long term cruisers will take advantage of. My parents are avid cruisers and have enough money to not need to be frugal, and even they do this - because what buys them a stateroom without a discount can sometimes buy them a suite with one.