Home Technical Sailing Videos How Much Does it Cost to Sail Around the World?

How Much Does it Cost to Sail Around the World?

written by Terysa June 10, 2017

This is it- the big question that everyone wants answered! How much does it cost to sail around the world? We try and answer this question as best we can in this week’s video.

Here’s a breakdown of what we believe a realistic cost to be:

  • Boat: $30,000 upwards. Most cruisers who are planning circumnavigation or offshore cruising will buy a boat that is considerably more expensive than this. We would recommend that if you’re buying used, it’s best to buy a boat that is already kitted out.
  • Monthly budget for 2 people in the Caribbean and Europe: $3000
  • Slush fund: as much as you can afford! We would recommend at least $5000 in savings to deal with any unforeseen circumstances. The older the boat, the more you may need in repairs, maintenance & equipment.
  • Equipment: we’ve spent about $20,000 on equipment purely designed for offshore and trade wind passage making. Therefore, if you are planning to limit your cruising to a cruising ground such as the Caribbean, you may not need any of these items. They include: Parasailor, SSB radio, hydrovane, Watt and Sea hydrogenerator, wind generator, solar panels, Yellow Brick tracker, laptop for receiving GRIB files at sea (Mac Books are not compatible), flares, and spare parts. This doesn’t include ‘basics’ such as autopilot, AIS, life-raft, EPIRB, sat phone, and code zero sail, fishing rods and lures, BBQ, cool box, etc.

We hope you find this video informative and helpful!

Nick & Terysa

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9 comments

CB September 2, 2017 at 9:36 pm

Want to subscribe, but it goes wrong! Help!

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Terysa September 15, 2017 at 1:36 am

You might have to head over to our YouTube page to subscribe! Or you can sign up to our website by clicking the link on our home page. 🙂

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Dale Miller October 31, 2017 at 8:20 pm

Just a quick question. Did I see your Southerly for sale by S and J yachts in, I think, South Carolina? Are you selling your Southerly and why, if I may inquire?
Thanks,
Dale

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Rob January 3, 2018 at 2:25 pm

I’m off on my first boat cruise in about 3 weeks time and SUPER excited.
Never ever thought of buying a boat and cruising the world (but my other half has, and has been across the Atlantic already), but now i’m intrigued and excited.
Loved the video and will watch a few more.
Happy trails from the bush.. (I live in the South Luangwa National Park)

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Beatie February 21, 2018 at 3:37 pm

Hi Terysa, thanks for an informative vlog.
A quick question – the $3000 per month… does this include your medical and boat insurance, as well as the cost of your flights home and the storage of the boat?
Thanks

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Terysa February 21, 2018 at 9:19 pm

Hey mate- yes it does. The only thing it doesn’t include is large, one off costs that we’d incur very rarely, such as when we bought our new rib and outboard (we dipped into savings for that).

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Alex April 12, 2019 at 7:56 am

Question – these seem very reasonable to me as upfront costs, but it seems to me that some of these costs could be recouped by selling the boat and equipment after having used it for a year or two. And if the boat (and some of the equipment) is bought used, then probably the resale value wouldn’t be that much lower than the purchase value. Does that seem accurate?

Alex

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Terysa April 17, 2019 at 1:13 pm

Hi Alex- some boats hold their value far better than others. Production boats tend to depreciate far quicker than non-production boats (ie, Southerlys) and likewise some onboard equipment will hold its value better than others. It’s too broad a subject to answer accurately, and the boat market- like any other market- is subject to ups and downs. Hope that very vague answer helps.

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Brett April 22, 2019 at 8:45 am

Hi guys, really useful stuff. Thank you. One of my concerns has always been that whilst I would consider myself as a strong sailor, the reality is that most of that is racing rather than long offshore stuff. Generally, when people say they have 40 years sailing experience, it is often one year 40 times! I.e. I have raced many times from the UK to the Channel Islands and France, but that is not the same at all as cruising from France to the Bay of Biscay et cetera or crossing the Atlantic. In addition, whilst I am a good bodger, I don’t have great technical knowledge on electrics or anything like that. Your site is very useful and easy to follow in and allaying some of those fears. Thanks

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