How Much To Retire On Cruise Ship

Discover how annuities can provide guaranteed income for life.

How much to retire on cruise ship. Cruises starting at a few hundred dollars for a week are common. After all a cruise for 500 a week would cost only 26000 to sail for a year. Keep in mind though that youll also be saving money in other areas.

We literally work almost all our lives to achieve that goal. For 195000 USD clients earn a right to a cabin on a lease for 20 years. If you anticipate spending 20 years in retirement and adhere to a conservative investment strategy you could make cruise-ship living work with savings of 600000.

Youd be able to withdraw 2400 a month the first year in retirement with subsequent withdrawals adjusted for inflation. Another option is based out of Australia called Cruise Retirement. The cost would be about 5000 a month.

The average entry price will be less than 355000 with monthly fees similar to the. According to Third Age Matters the accommodation prices published by providers on government website My Aged Care has an average price of 359000 in 2015. Some ships offer the option to rent your cruise ship unit.

At first glance it seems like living on a cruise ship would be amazingly affordable. The magic number is typically S1000000. Ad The future of cruising - Modern Spacious ships.

For many people that would be cheaper than living on land. Based on that number the average cost of living aboard a cruise ship year-round would total a little more than 77000 for retirees taking a nomadic approach. This concept is only in its development stages however it shows a load of promise.