Travel
Dear Community,
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Poll: If you plan to retire at 65yo, how likely are you to travel
We are planning to retire at 65yo, and hope to continue traveling. We met with our financial advisor, and she mentioned that while most (when they are young) say that they plan to travel when they retire, many end up not traveling as extensively as they had once thought they would.
Dh and I, too, plan and hope to travel in retirement (and built that money into our retirement annual income) but now I am beginning to questions if we will infect do as much traveling as we think we will. We are young now (early 30s) so it is hard to foresee how energetic we will be at 65.
What are your thoughts?
Out of curiosity, how much money do you/will you have budgeted for travel when you retire (if you are retiring at 65/67yo).
Re: Poll: If you plan to retire at 65yo, how likely are you to travel
<a href="http://villanuevatravels.blogspot.com/" target=
My grandparents who are in their 70s travel, but they're in ridiculously good health. Most of their friends are dead. Statistically at 65 your husband has 10 years left and you have 15; if you both make it to 65.
I think saving for retirement is a good idea but deciding how you're going to spend the money or what you'll be doing 30 years out is ridiculous. Too many factors: you could be dead, you could be disabled, you could be a widow, you might end up raising your grandkids. Many, many reasons people who planned to travel don't.
We just have a general retirement fund which accounts for a portion of money to go towards leisure. If that's travel when we get there - fine. If it's bingo night every Tuesday well that's okay too. The caveat is that DH and I are not forgoing any travel now with the expectation to do it when we retire.
My grandparents are in their 80s and they still average 1 big trip a year. Yes, they have some mobility issues that limit how much they can walk, so they tend to do a cruise (like a northern europe cruise or an alaskan cruise). But they still travel.
We are saving money for retirement obviously, but I'm bad and have absolutely no idea of a budget for it.
And much of the rest of neeps' comment. I have no idea how much I'll be saving for retirement, since I don't know where I'll be working, how many different pension plans I'll be stuck with, and anything about what my life will be like at retirement. Heck, a year ago this time I thought I'd be married when I retired. You never know what life will throw at you, so I want to make sure I don't miss out on anything because I waited too long.
And even though I hope to travel post-retirement, even if I'm in great shape, I probably won't be up for some of the more adventurous things I can do now.
My parents are 73 and 68 and they travel extensively, 3-4 trips a year. They tend to cruise, since it's less wearing (one room, one time to unpack and repack, multiple destinations) but right now they're finishing up a non-cruise 24 day tour of New Zealand, Australia and Hawaii, and finishing in Palm Springs with my aunt. In May they are doing a Mediterranean cruise and then there is a Russian river cruise happening some time in the foreseeable future.
They retired well, due to excellent planning by my father, and of course, luck.
They are in fine health, but I would not describe it as ridiculously good. I am interested to hear how they made out with the Australian heat and the extremely busy schedule they had in NZ and Oz, and all the moving around.
My husband and I would like to travel after retirement, but we don't have a specifically designated travel goal in our retirement plans.
We own a flat in London and may retire there since DH is English. We'll see what happens.
Yeah that's right my name's Yauch!
My dad is 73, and he and his wife travel frequently - probably 4 trips a year between the US and UK, one down to Chile to see me, plus leisure travel which over the past couple of years has included trips from CA to Hawaii and Arizona and from the UK to France, Holland and probably some other mainland European countries. Their latest trip was a week-long cruise around Norway to see the northern lights.
He does find the long flights more tiring now, and he only flies business and leaves 10 days between long-haul flights due to comfort and health concerns (DVTs). He's always traveled, so this is "slowed down" from the days of business trips all over the place.
I'm sure H and I will travel until we physically can't anymore because we love it, but we don't have trips that we're "saving" for retirement - we'd rather do as much as we can now.
Married bio
Pro pics
Travel and expat life blog
Travel is fatal to prejudice, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts. Broad, wholesome, charitable views of men and things cannot be acquired by vegetating in one little corner of the earth all one's lifetime.
Mark Twain
My Travel Blog
oh yeah, this is me
We definitely plan on traveling. DH will be 65 in Sept, I will be 55 in May. Dh plans to semi-retire this year which is one of the reasons we are building a new home in Florida. We want warm weather, easy access to cruise ports and shorter flights to the islands.
We will still receive income from our rental properties, so our lifestyle should not be changed that much. DH will put in for SS at 67 and we won't start drawing from 401K until that time or after. I am in good health and DH is in excellent health and stills plays ice hockey 2-3 times a week. Both sets of our parents are in their late 70s/mid 80s and still going strong.
My parents will be 63 and 64 this year. My Dad is semi - retired (slowing down). They just kicked up their travel quite a bit. Until 6 years ago neither had been out of the country except for Mexico and Canada. My Dad keeps saying in your 60s you better go go, because in your 70s you will be slow go, and in 80s will be no go. (I think that's just a general statement that one of his older friends told him, and really stuck with him).
In this last year and a half, they have gone to Argentina, Japan, Germany, Switzerland, Austria, Mexico, Florida, Nebraska. In the next 6 months they plan to go to Israel, Hawaii, Norway, Mexico, and India. So it is definitely possible!
I hope we will still travel when we retire. I have noticed that I have become less adventurous, than I even was 5 years ago, so I am thinking I might be a cautious traveler at 65. We are only tentatively saving trips for later in life. Most are do to budget constraints... Antarctica for example.
Having said all that, I still totally agree with neeps that you can't plan life! I hope we will be travelling when we retire, but heck if that's not our thing anymore, that's OK too!
In my profession, people can work up to their 70s or even 80s (part-time)! So I don't plan on completely retiring especially if I do not pay off my 6 figure debt. Therefore I hope to travel as much or more than I do currently when I reach 65.
I don't think you should save up that dream trip just for retirement. Too many factors to consider - health, unforeseen problems that could sink your money and time, etc.
We are not saving our dream trip for retirement... Just wondering if we actually would continue to travel as extensively as we have been into our retirement.
We budget roughly $850/month right now (depending on if there are any major home repairs that need to be done- it is just 2 of us, no plans for kids), and we are moving that budget into retirement as well... Though I do wonder if we will be needing that money since I fear we will be less adventurous and less mobile. But I guess we can take more domestic vacations or cruising is an option too.
At least for me, it is really difficult to plan out my life. I guess I am going to have to wait and see if my DH and I actually get a pension when we reach retirement age. Since, I have serious doubts about that, I am doing most of my traveling now. ((Knock on wood))) but now I am healthy and I have the money to travel, so I am going to enjoy life now and hope that I will still be able to travel some when I get older.
We definitely want to travel during our retirement. My ILs go on 2-3 trips a year (they're in their early 60's). We're not holding back from taking any trips now, though.
My parents do travel (and are retired) but they also travelled extensively when they were young. Most of my mothers friends are the same (Australian based). My fathers friends (US based) are totally different. Only one of his good friends travel and now the husband has dementia I think that has been delayed, none of my fathers friends travelled before retirement.
I think alot of people underestimate health issues once they hit retirement, and people that were too scared to travel in their 30s aren't going to change in their 60s.
We plan on getting all the "rough" stuff out of the way, and is one big reason why Alaska, Cananda and Western Europe are largely unexplored by us.
I should ask my parents how much they spend on travel now.
My husband and I plan to retire at 55. We have no debts, no mortgage, and have invested wisely. We both also have a great pension plan. We will be buying a condo somewhere warm and spending six months a year there.
We take about three or four big trips a year. This year we went to Turks & Caicos twice, we are going to Mexico next month, and then to England and France in the summer.
Couldn't say it better! I'm travelling all I can now and we have vague plans of retiring to Italy one day (will have UK citizenship soon).
My mom can't really travel anymore (mid-50's) since she's not in great health. I know she regrets not doing more of it when she could which has been a good life lesson for me.
BFP Apr 2012, EDD Dec 19 2012 * twin h/b at 6wk, 9wk scan * Baby A lost at 12wks, Baby B was my rainbow born at 36wks
We plan on selling our condo in FL at some point and purchasing a condo in Hawaii for retirement. FL is great while we are younger (although we rent it out now) and can drive or fly there (plus my ILs live in the same complex) but we love, love Hawaii so at some point we will buy there instead.
Our retirement goal is 52. We are on track, but we also realize that with kids on the way, we could have unforseen expenses that could easily bump it to 55 or 60.
If we do retire at 50ish we've got lots of travelling in mind. I could easily see that being less likely at 60 based on health, stamina, etc.
We won't forgo any travel now to wait till retirement. You never know if you will get there!