Just out of curiosity, what formula did you use to come up with a 10 year cruising budget?
It is just thinking right now, but it works out like this.
$6o to 70,000 for the boat, I particularly like the Tayana 37.
30 to 40,000 to get her ready for sea.
$3000 to $4,000 a month for expenses once underway.
Total budget is right around $500,000 for boat and lifestyle.
I would not need to sell my house to make this happen and I have enough aside for retirement if and when it happens. I also have enough to live more than a cruising lifestyle, like mountain climbing, etc.
Sort of like, if I get to Africa, I want to be able to climb Kilimanjaro. When I am in Mediterranean I want to be able to see the sights from more than the cockpit of the boat.
And there is always feeding the photography beast.
Both of my girls are set up now. One is six months away from her Masters in Geology and the other is on her way to being a Business Manager. I don't have to worry about them anymore. That is nice.