Want To Sail the World? Here’s How Much It Costs

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Embarking on a sailing adventure around the world is the ultimate dream for many. Imagine the thrill of navigating the vast oceans, discovering exotic islands, and experiencing diverse cultures, all while living aboard your own floating home. It’s a journey that promises freedom, challenge, and a deep connection with the world around you.

But what does it take to turn this dream into a reality? From the majestic blue waters of the Caribbean to the remote atolls of the Pacific, and the historic ports of the Mediterranean, each leg of the journey offers its own unique set of experiences and expenses. Whether you’re navigating through the Panama Canal or anchoring in a secluded bay in the South Pacific, the adventure of a lifetime awaits.

The journey or “sailing around the world” typically involves crossing the Atlantic, Pacific, and Indian Oceans, and visiting various continents and countries along the way.

In this guide, we’ll dive into the nitty-gritty of sailing around the world, covering everything from the cost of your vessel to the price of a fresh catch in a local market. So hoist the sails, set your course, and let’s explore what it really costs to sail around the globe!

1. Boat Purchase and Maintenance:
   • Purchase: The cost of a seaworthy, ocean-crossing sailboat can range from $50,000 to $300,000 or more, depending on size, age, and condition. A used, well-maintained boat in the 35-45 foot range is often a good balance between comfort and affordability.
   • Maintenance: Annual maintenance costs can vary from $5,000 to $15,000, depending on the boat’s condition and the extent of repairs and upgrades needed. Regular maintenance includes hull cleaning, engine servicing, sail repairs, and safety equipment checks.
2. Living Expenses:
   • Food: Provisioning costs can range from $300 to $600 per month, depending on your diet and local prices. Buying in bulk and fishing can help reduce costs.
   • Fuel: Fuel costs for the engine and generator can vary widely, depending on usage and fuel prices in different regions. Budgeting $100 to $300 per month is a reasonable estimate.
   • Marina Fees: Staying in marinas can be expensive, with fees ranging from $30 to $100 per night. Anchoring out is usually free, but you may need to pay for dinghy docks or trash disposal.
3. Insurance:
   • Boat Insurance: Expect to pay 1.5% to 3% of the boat’s value annually for comprehensive insurance.
   • Health Insurance: International health insurance costs vary, but budgeting $200 to $400 per month per person is a good starting point.
4. Cruising Fees and Permits:
   • Visas: Visa costs vary by country but budgeting $50 to $100 per visa is a good estimate.
   • Cruising Permits: Some countries require cruising permits, which can cost from $100 to $500 or more.
5. Communication:
   • Satellite Phone and Data: For offshore communication, a satellite phone and data plan can cost around $100 to $200 per month.
6. Safety and Navigation:
   • Safety Equipment: EPIRB, liferaft, flares, and other safety gear can cost $2,000 to $5,000 initially.
   • Charts and Navigation Software: Electronic charts, navigation software, and updates can cost $500 to $1,000.
7. Unexpected Costs:
   • Always have a contingency fund for unexpected repairs, medical emergencies, or other unforeseen expenses. A good rule of thumb is to have at least 10-20% of your total budget set aside for emergencies.

In summary, the total cost of sailing around the world can range from $100,000 to $200,000 or more, depending on your lifestyle, boat choice, and travel preferences. Careful planning, budgeting, and a willingness to live simply can help make this dream more affordable. For more information and personal accounts, you might find the book “Sailing a Serious Ocean” by John Kretschmer and the website Cruising World helpful.

Editor's note: This article was produced via automated technology and then fine-tuned and verified for accuracy by a member of GOBankingRates' editorial team.

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