Can You Live The RV Dream On Retirement Money?

Above, dry camping at Lake Cachuma in California. Photo by Armand Vaquer.

The following is mainly for retirees who are contemplating RVing full-time. But for the rest of us, it is something to consider. RVing full-time has never been a consideration for me when I bought my motorhome when I retired.

RV Life posted an article about retirees and if they can live the RV dream on retirement money. Generally, the correct answer is "it depends."

They start out with:

How far will your retirement money go while RVing? If RVing is in your retirement plans, budgeting for life on the road should be a priority for you. We’re going to look at ways to stretch your money and keep you on the road.

Unfortunately, this question is pretty open-ended and has no definite answer. Traveling from person to person varies greatly, as does the cost to do so.

Many think of retirement RVing as touring the country in a fancy new Class A, which itself could cost $250,000 or more. The operational costs that follow those big diesel pushers can also quickly add up. But not everyone will be living the Class A life, and much more modest RVs are also used for full-time retirement travel.

How much you travel will also make a huge difference in your retirement money and how quickly it disappears. For most RVers, fuel is the number one cost, and it can eat into your bank account in a big way.

As part of your retirement planning, you will have to determine what your RVing will look like. The type of RV you will be buying, frequency of travel, and type of stays you will be enjoying will make up most of your budget. The important thing is to have a plan for your retirement money and live within your plan.

To read more, go here.