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Cruise ship retirement - cheaper than assisted living on land
Which is cheaper: renting in London or cruise ship retirement?
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Cons of cruise ship retirement
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We have both domestic and international agents, which allows us to utilize global markets with ease. We also can help with shipping vessels from one location to the next. Be sure to check our full collection of used ships online or call us if you have any questions. That’s what you get when you decide to entrust your needs in the hands of the best ship brokers available. You can spare yourself the headache and save yourself the time and effort you’d otherwise be spending on the search in hopes of securing possible leads.

Cruise ship retirement - cheaper than assisted living on land

The prices have been quoted as being in the multi-millions, and the cruise ships compared to New York's uber-luxe Baccarat hotel. Based on the UK's average wage of GBP 26,500, in theory, one would have been required to save an average of GBP 711 per month (if starting work at the age of 22) to afford the cost of “normal” retirement. Bolsover’s retirement cruise travel (the whole year-round cruising) costs GBP 34,439 PP, which would require you to save GBP 850 per month – an increase of only GBP 139 per month. Due to set sail in late 2016 or early 2017 is The Marquette, a 200-unit residential ship that will navigate inland waters in the United States.

Which is cheaper: renting in London or cruise ship retirement?

For that much, you’ll get meals, accommodation, entertainment and the chance to call at exotic locations on several continents around the world. Several lines offer world voyages that can last three months or longer. For example, Cunard's Queen Elizabeth 2 offers a world cruise lasting 108 days and 3 of these back to back span for almost one year.

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Of course, like any used vessel, it is going to need a huge investment to get it into shape to carry passengers, and bring it up to current maritime safety standards and upgrade it with the latest amenities. For example, in 2013 the refit of Carnival Destiny (now Carnival Sunshine) cost the shipowner Carnival Corporation about USD 155 million. Everyday life onboard a cruise ship is similar to living in a retirement community or nice hotel, except that outdoor scenery keeps changing.

The least expensive accommodation aboard is an inside room for USD 16,845 (based on double occupancy and early booking). This works out to USD 155 per day to sail the world, including meals, amenities, and housekeeping, not to mention being able to tell all your friends that you have retired on QE2. Unlike many other lines, Cunard offers single rooms, starting at USD 24,180 for an inside on the 108-day cruise.

The private cruise ship MS The World is a floating residential community owned by citizens of 19 countries. Navigating around the globe, it stays several days in each port, and its owners actually live on the ship. The oldest and largest residential ship on the water is named The World.

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Most residents use the condos as second homes, and stay on board for a few months at a time, renting out their sea homes for the rest of the year. Most cruises run from 3 days to 3 weeks, and prices average about USD 150 per day based on double occupancy, depending on the location and size of the room, on the length of the voyage and on the cruise line itself. The average price of independent living facilities is USD 2,000 per month and nearly USD 3,000 per month for assisted living facilities, so on average cruising is more expensive than traditional retirement options... It may be less than the higher-end facilities that charge USD 6,000 per month or more, and shorter sailings can even be found for USD 100 per day, bringing them close to the price of assisted living facilities. However, fares are for the cruise only and don't include taxes, airfare to the point of departure, gratuities or port excursions.

Homes at Sea

For snowbirds who shutter their winter homes and travel to warmer climates for 6 months per year, living on a cruise ship may be an alternative to Florida. And for those who own a home and have their mortgage paid-off, it may be cost-effective to rent their home and use the income to pay for living on a ship. Lots of seniors like the idea of cruise ship retirement and can make it work on their own. As the idea grows and more people choose to cruise instead of land-based options, retirement community developers will start to offer retirement cruise ships with purchased accommodations or affordable leased and more services for seniors. The success of resident ships like The World is already prompting such discussions and cruise ship retirement could become the next great retirement trend.

Ocean Marine offers fishing vessels of all types - ranging from Shrimpers, Draggers to Long liners.The following vessels on this web site are just a sample of what we have to offer. Imagine having access to a database with listings of used ships for sale from around the world. On top of that, you have your own group of specialists steadily hunting for other options that match your specifications and description. Trying to find the perfect vessel to match your needs among all the used ships for sale is a demanding search. You will not only have to locate the ship but also verify the specifications and details. And that’s before handling all the paperwork to transfer ownership.

As to whether living out your golden years aboard a cruise ship is a viable alternative to spending them in the retirement homes, a Northwestern University geriatrician says such a plan is a cost-effective alternative to assisted living. She determined that the net cost of cruise ship retirement was only about USD 2,000 more than the alternatives (USD 230,000 versus USD 228,000) and offered a higher quality of service. According to Lindquist, the plan would work best for retirees who need minimal care. Each unit on The World features a kitchen (there is even a grocery shop onboard, as well as a wealth of port calls in which to stock up), living and dining areas, multiple verandas depending on the apartment size and en-suite bathrooms for every bedroom.

Foot spa and gym, two pools, a jogging track, a tennis court, and golf facilities, as well as four restaurants, a grill, a deli, five bars, a tea room and private chefs for hire. The concierge is able to organize access to exclusive events and all reservations around the world. The average age of the residents aboard The World is 64, with a solid 35% under 50.

There are various reasons why an individual owner or cruise line may put a cruise ship up for sale. The reasons may include the ship being outdated or the owner not being able to maintain it. Here are a few pointers to help you if in the market for cruise ships. While few have spent quite as long at sea, Lee Wachtstatter is not the only full-time resident of the line. Crystal Cruises told USA Today that at least three other ladies live permanently on its ships.

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