How We Budget for Travel in Early Retirement

How much should you budget for travel in early retirement—and how do you know whether that amount is sustainable? _________________________________________________________________________________________ 📊 PLAN YOUR RETIREMENT WITH BOLDIN I use Boldin to model retirement scenarios, spending, taxes, and other long-term financial decisions. If you want to build and test your own retirement plan, you can check it out here: https://go.boldin.com/scottunlocked Disclosure: This is an affiliate link. If you purchase a paid Boldin plan through my link, I may earn a commission at no additional cost to you. _________________________________________________________________________________________ In this video, I walk through how my wife and I built travel into our retirement plan. Rather than starting with an arbitrary dollar amount, we first thought about the experiences we wanted, how frequently we hoped to travel, and how those plans might change as we move through the Go-Go, Mid-Go, Slow-Go, and No-Go years of retirement. I also explain why we intentionally front-loaded more of our travel spending into our healthiest and most active years, what expenses we include in our travel budget, and how flexible spending guardrails allow us to adjust when market conditions change. Our goal isn't to spend as much as possible. It's to give ourselves permission to enjoy the experiences we planned for—without putting our long-term retirement plan at unnecessary risk. How are you budgeting for travel in retirement: annually, trip by trip, or through a sinking fund? Share your approach in the comments. CHAPTERS 00:00 How much can we spend on travel? 00:32 Why travel mattered in our retirement plan 01:18 Start with the life, then build the number 02:17 Our four-step travel-budget process 03:30 Go-Go, Mid-Go, Slow-Go and No-Go years 04:39 Why we front-loaded our travel spending 05:43 What our travel budget includes 06:30 Using guardrails when markets change 07:34 Turning the budget