Retire And Live On A Cruise Ship

Retirees were the most active cruise travelers in 2018.

Retire and live on a cruise ship. With about 950 cruises under his belt he currently spends approximately 350 days a year on Royal Caribbeans Freedom of the Seas. Some retirement cruise ships offer permanent membership at a nearby country club for free. The study estimated the cost of staying on a Royal Caribbean ship at the time to be about 33260 a year compared with the national average of 28689 annually for an assisted-living facility.

There are several ways. For a pretty price these ships will take you just about anywhere you can imagine with all food bedding and on-board entertainment included. A cruise ship retirement has the potential to be more affordable than a standard retirement if you were comparing it to living in a retirement home or assisted living community says Tricia Tetreault financial analyst for Fit Small Business.

More and more active adults are choosing to set sail and retire on cruise ships whether that means escaping the winter cold for a few months or making the sea a permanent home. On-board restaurants modern fitness centers and cultural excursions make living on a cruise ship in retirement. A 2004 study in the Journal of the American Geriatrics Society concluded that 20 years in a retirement home for someone entering at age 65 would cost an average of 228075 as opposed to 230497 for the same amount of time aboard a cruise ship.

It is cheaper then assisted-living. Put in terms of the 4 safe withdrawal rate rule the couple would need to have 6875000 to retire full-time on a cruise ship and would need 1400000 125000 to buy the rig and 1250000 to fund the lifestyle to retire and live full-time in a RV. Take 67-year-old Mario Salcedo for example.

The idea of retiring from the rat race and living out your days on a cruise has great appeal for some people. Retirement on a cruise ship is an affordable way to live on the water and travel at the same time. Others offer fractional ownership such as a time share instead of buying the unit outright.

Retire to a Cruise Shipit can be done. Mario Salcedo earned the nickname The Happiest Guy in the World from the New York Times for spending the bulk of two decades on ships while still running a business. Resident ships are a new concept and cater primarily to retirees.