Friday, April 12, 2024

How Much it Costs to Retire on a Cruise Ship Real Life Example

how much to live on a cruise ship

This as-told-to essay is based on a conversation with Ryan Gutridge, an IT professional who spends more than 300 days a year on a cruise ship. Taking these factors into account, the cost of living on a cruise ship can range from $60,000 per year to upwards of $150,000. This year, Gutridge budgeted $30,000 to live on a cruise ship full time. It’s important to think about how you’ll stay connected with the ones you love back home. For example, you may arrange a weekly Skype call, or stay in touch via email, text, and online chats. At the same time, consider how you’ll expand your circle once you’re aboard the ship.

Ship & Sailing Region

I asked Greg what stands out to him in observing other guests across his sailings. When you sail for weeks at a time, it's easy to pick up on trends among other passengers. Choosing a ship and itinerary is always a subjective choice, so it's important to prioritize the aspects of the voyage that are important to you.

how much to live on a cruise ship

Tips for Living on a Cruise Ship Year-Round

This, of course, is a fluid number that’s dependent upon how many cruise ports your itinerary includes and the specific destinations themselves. “Super Mario,” for example, has spent over 20 years living on Royal Caribbean ships in interior cabins, mostly on itineraries in the Caribbean. Through the line’s loyalty program, he only pays 150 percent of the cruise fare for a single traveler.

Keep a Lower-Tier Cabin (No Suites!)

For the purposes of this article, we’re going to assume that you choose a mainstream line like Royal Caribbean, Carnival, or Norwegian. We’ll also assume that you’re going to live on board with one other person, such as your spouse. Could Punton foresee someone living on the ship for the rest of their life? "People can actually [own] in perpetuity … so it can actually be gifted into their estates and passed down through the generations … and their family can continue to live on the next ship as well."

That’s why we also factored in the taxes and port fees and the automatic gratuity. And remember, if you book a cruise cabin, it’s normally sold on the basis of double occupancy. But more than that, we find it more likely that someone retiring on a cruise ship would do so with a partner. When you choose to live on a cruise ship, you’ll have to adjust to a smaller living space compared to a traditional home. Cabins on cruise ships are designed to maximize efficiency and make the most of the available space.

Want to live on a cruise ship? A 2-year trip around the world from Florida will cost you this much - FOX 35 Orlando

Want to live on a cruise ship? A 2-year trip around the world from Florida will cost you this much.

Posted: Mon, 31 Jul 2023 07:00:00 GMT [source]

Similar in model to assisted living facilities, cruise ships are equipped to handle most medical emergencies in the short term. Onboard medical facilities will typically include X-ray machines, defibrillators, basic emergency medical equipment and an array of medication. By planning ahead, you can have your medications filled before you board.

How Much It Costs To Live on A Cruise Ship

If possible, those who are taking up a floating residence try to book the same cabin for most or all of their time onboard. Thus, they won’t have to move their belongings around from cabin to cabin. This means they’re usually booking their cruises as soon as the booking windows open. This ensures they have their choice in cabins (and a better shot at being able to select the same one).

What it costs

The company had originally announced a three-year itinerary on their ship MV Gemini, with all-inclusive fares starting at $29,999 per person, per year. At the time, this looked like one of the most affordable long-term options for anyone interested in living on a cruise ship. If you’re paying with a credit card, remember to call your credit card company to inquire about the travel insurance they offer and what it covers in a scenario where you live on a cruise ship. Ask your travel specialist for recommendations and put the question to your financial planner. Brainstorm with a financial planner about what you can afford to spend per day, week, or month, and see how those numbers fit with your cruise specialist’s quotes.

Since people want the latest and greatest, cruise lines often cut the fares on older ships to keep them full. Of course, the big issue that comes to mind when living long-term on a cruise ship is the cost. For instance, according to our calculations, the cost for two people to live for a year on a single ship comes out to about $175,000. There’s always something going on around the ship, so you’ll never be bored. And if you love cruising, then we can think of nowhere else that’s as easy to live out the good life than on a cruise ship.

Suppose you have serious health ailments that often require a trip to the hospital for check-ups and treatment. It would be best if you run the scenario of permanently living on a cruise ship by your regular physician. Anyone planning a cruise must consider the ship, itinerary, cabin and so many other factors. You can also save money while in port by picking up items at the pharmacy that you might need on the ship, as toiletries and other items are extremely expensive on a cruise. Each port area typically has a small shop or pharmacy selling things like deodorant, toothpaste, and other personal items. What’s going to be difficult is if you plan to sail long-term, then being in an interior room with no windows may be tough to handle.

Internet packages that include the ability to surf the internet, email, stream music and movies, and download and upload files cost around $18 to $25 per day. Other cruise lines, especially luxury brands, provide internet access to guests for free. Shopping for Carnival's cheapest cruises on older ships, I could get the average below $50 per person per night in inside cabins and around $110 in balcony cabins, including port taxes and fees. That means your cruise fare could be as little as $18,250 per person per year. But anyone who buys a cruise knows it’s not just the cruise fare you have to pay.

In this article, we’ll explore the possibility of living on a cruise ship full-time, the costs involved, and what you can expect from this unique lifestyle. So, if you’ve ever wondered what it would be like to call a cruise ship your home, keep reading to find out if it’s a feasible option for you. Are you thinking about living this out-of-the-box nomadic lifestyle?

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