Join Date: Jun 2011
Location: somewhere south of civilization
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Re: Looks like they landed on their feet
Your figures seem way off base by what I've seen most cruisers sailing and spending as their annual budget. Obviously, I don't ask them how much they paid for their boat, but a general idea of boat prices is available on Yachtworld.com.
It's pretty easy to estimate their cruising budget as well, if you spend some time around them, and I'd say the majority seem to be spending between 20 and 25k annually.
I can't see how anyone in even your 16% bracket can end up there, unless they were genius investors, considering the costs of living while working toward their retirement to a boat. Many still have a home and a car or two back home which they must also support, at what cost I have no idea. Never mind the air fare of flying back and forth several times a year.
"Any idiot can make a boat go; it takes a sailor to stop one." Spike Africa aboard the schooner Wanderer in Sausalito, Ca. 1964.
“Believe me, my young friend, there is nothing - absolutely nothing - half so much worth doing as simply messing about in boats.” ― Kenneth Grahame, The Wind in the Willows
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