Do you want to travel the world in retirement? Here are some ways to do it.

What if you could travel the globe in retirement? This is a dream that almost everyone has had at some point. Quit your job, move out of the country, and start a new life as a traveler. What if that dream could become your retirement reality?

Let’s take a look at how to spend retirement, not just relaxing at home but exploring new places through travel. These steps will help you to envision how this type of life change would look and how it matches your personality.

Find out if you’re really ready

Before you embark on a journey of adventure, there is a lot to do. This planning begins with an honest assessment about your readiness for such a lifestyle. There are no right or wrong answers. However, it is important to ask the following questions.

Are You Really Passionate about Traveling? Or just Love to Take Vacations?

Although it may seem obvious, there is a huge difference between a week-long vacation or a life that revolves around travel. Are you a fan of packing, flying, shelter-finding, and all the inconveniences that come with traveling? Is a vacation of a week enough to satisfy you or not? If you can afford to travel for extended periods of time, are you prepared to “rough it?”

Are there any obligations that you have to fulfill at home?

It will be difficult for you to drive if you have elderly parents or disabled children.

What’s your Health?

You don’t have to be perfect to travel. However, you must be able to handle the stresses of traveling. Before you make long-term travel plans, consult your doctor if you have any chronic or serious health issues. You will need travel insurance to protect yourself against any medical emergency outside of the United States. Medicare doesn’t cover overseas health costs.

Take a look at your financial situation

Travelling around the world is expensive. A one-week-long trip to another country can run you about $2,000, so your retirement annuity could help you save money. You should prepare for financial difficulties if you plan to stay abroad for a longer period of time. You will need a large nest egg to support your extensive travels. However, the amount you get depends on your expectations.

You will need to have a large bank account in order to be able to afford luxury hotels in Europe and North America. If you are willing to stay in modest accommodations–hostels, inexpensive motels, rented apartments, or campgrounds–you can travel quite inexpensively. You can save even more by visiting developing countries. In many cases, you can travel for a few dollars per person.