People are choosing to live on the water full-time in their retirement
A new report explores trend of couples retiring on their sailboats for less than it costs to stay at home.
“Plenty of everyday people are choosing to live on the water full-time—in their retirement,” says InternationalLiving.com editor Jason Holland, author of the publication’s new report. “After a bit of training and hands-on experience at home, they’re tying up beside mega-yachts in the Mediterranean…finding large floating communities of like-minded expat sailors in the Caribbean…and island hopping in the Gulf of Thailand, heading wherever their fancy takes them.”
According to Holland, “This lifestyle can be more affordable than most folks assume, allowing them to live on the water for less than it would cost to stay home. For under $100,000, you can buy a well-equipped used sail boat around 40 feet in length, plenty of room for two people.”
As the report explains, living costs for a couple can be as little as $1,000 to $1,500 a month, including marina fees (at a full-service marina facility that typically includes water, power, wifi, and other amenities). These fees are usually based on the length of the boat and generally run from $150 to $600 per month, depending on location. Marinas in Asia and Latin America tend to cost less, those in Europe more.
Expats Carol and Kent Witt anchored throughout the Med during their sailing retirement. “We once anchored off Capo Palinuro, south of Italy’s Amalfi Coast,” says Carol. “The water there is perfect for swimming and snorkeling, two of our favorite pastimes. On the cliff overlooking our anchorage was a hotel that charges $342 a night. Guests have to walk down a rickety network of several hundred steps to reach the cove that serves as the resort’s beach. At night we went ashore and enjoyed the fancy hotel’s sunset views and ambience for the price of a cocktail.”
A sailing life is easier and safer than ever before thanks to modern technology for navigation and communication, the report reveals.
“With GPS for navigation you always know exactly where you are, a safe route to get where you’re going and how long it’ll take to get there,” says Holland. “You program in the destination just like with a land GPS. You have radar for monitoring weather. And there are even monitoring systems that help you avoid large commercial ships.”
Most folks start with basic sailing classes. Gary Pierce knew nothing about sailing. “But that wasn’t going to stop me,” he says. “Over the next four years my wife Julie and I prepared, taking the baby-steps approach to sailboat life. I read everything I could get my hands on about sailing and cruising. We started taking sailing lessons in Kemah, Texas, 90 miles from our home.”
The Caribbean offers a well-established boating infrastructure, as well as plenty of deserted islands to explore. Its proximity to the eastern U.S. makes it a great place to try out life at sea. “Right now, I’m looking at turquoise, clear waters in all directions,” says expat Tina Dreffin, 58. “The sky is always blue, and the weather is warm year-round. And we catch dinner off the back of the boat.” She, along with her husband, Peter, 63, lives aboard the couple’s catamaran, Freebird, in the Central Exumas of the Bahamas.
Besides the Bahamas, other top spots in the region include Placencia, Belize; Roatan, Honduras, the Bocas del Toro archipelago of Panama; the British Virgin Islands; and the island of Antigua…
Sailors have plied the Mediterranean in their pleasure craft since the days of the Phoenicians, Greeks, and Romans and today expats continue to do so. “We’ve hopscotched our way along the northern Turkish coast and sailed between Greek islands where everything is blue and white—the sea, the sand, the sky, and the houses,” says Carol Witt. “In fact, we’ve sailed all over the Mediterranean. Anyone can retire like this. I did it at 60 and I wasn’t a sailor.”
As well as featuring stories from expats who are cruising the Med and Latin America, International Living’s report also explores a sailing retirement in Asia, where a couple can enjoy this lifestyle from $2,000 a month.
The full report on expats enjoying a sailing retirement, which includes resources to help learn the arts and sciences of sailing, navigation, boat repair and maintenance, and more, can be read here: Find Your Sea Legs with an Affordable Boating Retirement.