Life at sea: 10 things to consider when retiring on a cruise ship


When cruise passenger While reporting a growing trend among retirees to spend their time at sea, we were unprepared for the huge interest our story would generate.

Over 70,000 readers clicked Shared and commented on the article, which spoke to couples who actually did.

Many asked the questions Barbara had asked: Would I like more information about life on a cruise ship? 1 person? Thanks

That Story of Angelyn Burk and her husband Voyage to retirement at sea sparked a research frenzy.

Natalie Ball, the director of Compare says:

“Seniors live longer and do research shows that they don’t become less active when they retire. They want to make friends, learn skills and see the world. It seems those who play bridge would prefer to do it with a mojito in the middle of the Pacific.”

research out Compare says one in 10 people aged 65 and over was planning a cruise before the pandemic and 30% would consider a long-term cruise rather than stay-at-home or assisted living.

If you find yourself in that 30%, here’s what you need to know.

How much will you spend?

Cost is the crucial part of all of this, with the twin considerations of whether you can afford it and how different a cruise ship costs from assisted living. Goodwin investment If you break the costs down like this, the average cruiser spends $300 per day, but this can be reduced to around $140 or less with proper planning.

Goodwin investment puts the cost of an average retirement plan at around $5,200 a month, compared to $4,200 if you could stick to that $140 a day. However, this price would not always include specialty restaurants, all entertainment, gratuities and beverages, and would also need to be non-luxurious on a less expensive cruise line.

It’s incredibly reasonable to do the math, but of course it requires thorough planning.

who will you meet

You need to put together a small team of advisors to ensure that you are acting in your best interest financially and healthily. Your first advisor should be with a financial planner to ensure you have enough room in your wallet to make that retirement a reality. Then you should let your doctor give you the all-clear. Then when you want to get everything else going, start chatting with your travel agent and find some deals.

Keep prices low

financial strategists say the average spend for someone on a cruise ship was about $300 a day in 2018, but that number can be significantly reduced with smart action. Noted long-term cruiser Mama Lee Wachtstetter said she would get the best deals if she booked six months in advance. If you’re looking for special offers rather than booking the first thing you see, prices are also reduced and you may be able to get further discounts by booking back-to-back cruises.

Test it first

Before you make the decision to take your retirement at sea, it’s best to test your resolve with a few consecutive cruises, or at least one long-term cruise. Being on a ship for a month is a completely different experience than a shorter cruise and you should be sure it’s what you want before committing yourself financially.


World cruises come with many medical risks, especially as you get older. They can easily get sick and have to bear the costs of foreign hospitals or even have to be evacuated from the ship. This makes insurance a crucial piece of the puzzle when it comes to cruise retirement. Mrs Ball says: “Some insurers may specifically exclude cruises or offer them as an add-on. Many do not cover pre-existing medical conditions, have limited health insurance for those over 80, or may charge a significant deductible for seniors. Check the policy carefully before you buy it so you can set sail with peace of mind.”

The disadvantages

While it may sound like pure fantasy to retire on a cruise, it’s good to be aware of a few downsides and take them into account. For example, there is a great psychological cost to having to leave family behind, as well as any pets. You won’t have your regular doctors or other services around, there is a lot of budgeting and planning involved, staying healthy with the dining options and ease can be difficult. It’s important to consider some of the less glamorous aspects long before you sign up for this new life.

Decommissioning of cruise ships - is it cheaper?What does retirement mean?

One thing to keep in mind is that in the post-COVID work revolution, fewer and fewer people are confined to offices. This means that if you have a remote job, you might be able to start living and working on a cruise ship now rather than waiting for your retirement. Mario Salcedo has been cruising on Royal Caribbean ships for more than 23 years while also running his online business.

Cruise ships versus residences

If you want to retire by the sea, you have the choice of booking multiple cruises or booking a residency on a livestock ship. While the prices for a residency with a private ship like The World can be incredibly high, there are some other options such as Plots. Marty Finver is a Florida cruise fanatic who trades back-to-back cruises for a residency.

Back-to-back cruises, while extremely enjoyable in the past, can be a pain in the neck at times.

No matter how careful you are, there will always be gaps between cruises and this entails additional costs for hotels, flights and other inconveniences.”

Back to back against world cruises

Depending on your preferences, you have the option to book back-to-back cruises or world cruises. Back-to-back cruises give you a little more flexibility in terms of where you want to go and who you want to sail with, but come with a lot more administration. World cruises require you to be vigilant when booking as they sell out quickly, but you can take longer to get used to it.

Rent out your home

If you own a home but long for the sea, renting your home can fund your life at sea and give you financial security. Even other assets like cars or vacation homes could be rented out to fund your new sea life.


Comments are closed.