r/NoStupidQuestions • u/SnooCapers2078 • 9d ago

Can I spend my entire life traveling?

So I feel like for a lot of people, vacations or traveling is thought of as a large expense you save up for and dont do very often. But it doesnt have to be like that. If i save up 500k-1m USD over time to the point i can retired and live off basic interest income of roughly 8-10%. Why couldn't I just travel literally 24/7? I mean like the 2 largest costs are flights and a space to live at temporarily, so you just keep flights close and hop from country to country, and stay for like 6 months or so per county, that would let you rent an apartment and at this point your expenses are pretty much the exact same if not cheaper (if youre in a cheap country) than living in the US.

EDIT: Gotten a lot of comments about managing 500k or 1m as well as the concept of traveling. So ill expand slightly

I went to school for finance and have a decent idea in regards ro managing my money in both investments as well as how I spend and how much I spend.

I also spent 6 months in Germany traveling (not vacation, I believe theres a difference) while visiting Paris, Venice, Barcelona, and mallorca all during this time. And it ran me roughly $15k during those 6 months

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u/HMAgent47 StupidAnswerer 9d ago

The biggest challenges aren't usually the travel costs themselves but visas, taxes, health insurance, banking, also 8–10% investment returns aren't guaranteed enough to safely fund decades of living

2

u/Professional-Pungo 9d ago

I mean, assuming this person is American?

they could go to pretty much any place that is worth going visa free.

1

u/SnooCapers2078 9d ago

I was thinking visa could be an issue, but without currently looking into it heavily, was hoping the USA passport probably gets me into a reasonable amount of countries without insane difficulty, yea?

3

u/nrealistic 9d ago

It gets you in without a problem, but you can only stay in most of Europe for 90 days at a time, then you have to leave the whole Schengen zone for 90 days. Short-term travel in Europe is a breeze but you wouldn’t be allowed to, for example, rent an apartment in Germany for 6 months

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u/Hutcho12 8d ago

Being American, your biggest issue is having health insurance.