As “Baby Boomers” have begun to reach retirement age, the first wave of what has been called the “Silver Tsunami,” has started. But, these are like no other generation of retirees. For the Boomers, 60 is the new 40, and retirement is less about rocking chairs and Bermuda shorts, than it is rock and roll and glorious adventures! The Boomers come to the “Golden Years,” generally healthier, and with more disposable income than retirees of years past. That means they are exploring the possibilities of very different retirement lifestyles, one of which is retiring, living aboard, and cruising the world in a luxury motor yacht.

If this sounds like your dream retirement, read on – it could be more practical than you think!

The Pros and Cons of Retirement at Sea

It is estimated that there will be over 80 million boomers retiring over the next few years, and a large percentage of them plan on spending all, or at least part of their time living the yachting lifestyle. Anyone who has spent any time on a luxury yacht, can certainly imagine the appeal of spending the rest of your life living on one. Ocean breezes, carefree tropical nights, exotic ports of call – what’s not to love?

But, the “live aboard lifestyle,” while it can have many advantages and benefits, may not be for everyone. Living aboard a boat full-time, at first may seem like a dream, but in reality it could be a bit more complex and challenging than you at first imagined.


Freedom – This is probably the number one reason retirees decide to try the “live- aboard” lifestyle – the freedom to go wherever you want, whenever you want, and basically “take your home” along with you.

Multiple living and travel options – If you do not plan on doing much cruising, you can choose to dock in any number of wonderful marinas across the country, or across the world, and live out your life in a paradise of your choosing. Or, if you get tired of one, simply try another!

Great Views – You are unlikely to find better views anywhere to enjoy your morning coffee, than from the deck of your own yacht.

Great neighbors – You will likely meet some of the best people around, who share your love of the sea and boating, if you choose a live aboard yachting lifestyle. And in the rare event that you do not like your neighbors, well, just pick up anchor, and move on!


Costs – When you factor in all of the expenses of living on board a yacht, from dockage, to fuel, to maintenance, it may be more expensive than you at first thought. Also, if you are considering purchasing a yacht in retirement to live on full-time, rather than simply enjoy for day cruises or longer outings, you are likely going to have to look for a larger vessel, with more space, and larger cabins, to avoid feeling “cooped up.”

Space – And speaking of space, even if you can afford a superyacht – you are going to experience some “downsizing” of space living aboard a yacht as opposed to the homes you have been used to living in your entire life.

Motion – To many, the thought of being gently rocked to sleep every night is a blessing, to others that motion can be a nightmare. Living on board means the motion is constant, even when docked. Motion is minimized by size and stabilizers of most modern luxury yachts, but it is something to be considered for some.

Safety Concerns – For relatively young retirees, and seniors in good health, this may not be too much of concern, but make sure you really believe you are healthy enough and fit enough to live away from land, and doctors and hospitals for extended lengths of time.

Living aboard a motor yacht in retirement can be a very rewarding lifestyle, but, as you can see it also requires some thought and careful consideration.

How a Charter Program Can Give You The Best of Both Worlds

Have you always dreamed about retiring and owning, perhaps even living aboard a motor yacht, but were unsure if you could actually afford it, or really give up living on dry land completely? Buying a motor yacht, and then putting her in a charter income program, as part of our On Demand Yachting solution can give you the “best of both worlds.”

By placing your boat in charter, you can offset the cost of yacht ownership by as much as 40%, and you will have the flexibility of living on your own yacht for as much of the year that you want, and earn charter income for those time of year you prefer a more land based lifestyle.

On Demand has been designed to help make yacht ownership as worry-free as possible, regardless of your stage of life. If you buy a yacht in your retirement, as a subscriber to our On Demand solution, you can get the most out of both your yachting experience and your “Golden Years.”

Operating a motor yacht can be costly. You can reduce your expenses, and avoid costly repairs by keeping her well maintained. On Demand yachting from FYM can help. If you would like to learn more, or if you have any questions or comments about this blog post, do not hesitate to contact our Yacht Management specialists, or call us at (954) 900-9968.