Can You Retire on a Cruise Ship?

For many of today's retirees who are younger, stronger, and far more active than retirees of yore, the idea of retiring to a cruise ship lifestyle—adventure, luxury dining, daily maid service and more—has very definite appeal.

In fact, with a full agenda of activities and entertainment, medical care available if you need it, and no dishes to wash or beds to make—ever—at a cost that may be no more prohibitive than retirement village living, it may make more than a little sense.

So say the alternative retirement planners at Cruise Retirement Ltd., who make it possible for people 50 years-plus to purchase a stateroom on a luxury cruise ship and enjoy unlimited travel in style. You can have full access to cruise ship amenities, see the world's most exotic destinations, and pay all your bills (with the exception of personal extras) with a single monthly payment.

You take your cruise ship friends with you all over the world, families can visit you in any port, and you'll never lack for something to do or a dance or dining partner.

For retirees who don't need regular medical supervision, it may be a wonderful option—so much so that a number of cruise companies directly target the retirement and pre-retirement set.

How financially viable is the idea?

According to a survey published in PubMed, which aggregates biomedical data for the National Center for Biotechnology Information (NCBI), living on a cruise ship costs only about $2,000 more annually than staying in a retirement village or an assisted living facility—although critics have said that rising prices may make that figure outdated.

Still, the next time you (or your parents) embark on a luxury cruise, don't be surprised if you (or they) consider staying on that ship for years!