Funding Once-in-a-Lifetime Travel in Your First Year of Retirement

The first year of retirement offers a rare window: time is newly abundant, routines are still flexible, and financial plans are fresh. A 2025 AARP survey found that 70% of adults age 50 and over expect to travel in retirement, underscoring the role travel plays during this transition. For those who have allocated resources toward it, this period presents an opportunity to pursue experiences that once competed with career and family obligations.

Aligning Travel With a Retirement Income Plan

Before booking anything, a financial advisor can help review income sources and develop withdrawal strategies to support travel. Market conditions in 2026 continue to reflect moderate volatility and higher tourism costs compared to pre-2020 levels, particularly for premium experiences. This environment makes coordination between travel spending and income distribution particularly important.

Positioning travel within a retirement income framework helps determine sustainable spending levels. Structuring withdrawals around larger, one-time travel expenses can reduce unnecessary tax exposure and avoid liquidating investments at inopportune times. With financial clarity established, retirees can focus on destinations that deliver depth, access, and lasting value.

The Grand Tour: Europe Beyond the Surface

A multi-country European trip can be a magical and rewarding start to retirement. With fewer time constraints, retirees can move at a more deliberate pace, allowing regional immersion. A 6–10-week journey allows for deeper engagement with each destination that could feature places like:

• Northern Italy’s lake region, paired with smaller Tuscan towns
• France beyond Paris, such as Provence or Bordeaux
• Central Europe’s cultural corridors—Vienna, Salzburg, and Prague

Private guides, culinary experiences, and extended stays in boutique accommodations add dimension. Continued investment in rail infrastructure across Europe has made first-class train travel both comfortable and dependable. Be mindful that trips of this magnitude require careful organization to manage logistics and currencies.

Expedition Travel: Antarctica or the Arctic

For retirees seeking something truly distinctive, expedition travel offers access to remote regions that few get to experience firsthand. Antarctica has emerged as a premier destination for high-net-worth (HNW) travelers. Modern expedition vessels emphasize:

• Smaller passenger capacities for more intimate excursions
•  Sustainability standards aligned with evolving environmental regulations
• Expert-led programming in fields such as marine biology and climate science

Arctic alternatives, such as Svalbard (part of the Kingdom of Norway) or Greenland, provide similar journeys with slightly shorter travel timelines. These trips require early booking and significant financial outlay, making it worthwhile to build a tax-efficient withdrawal strategy around the timing of large expenditures while maintaining portfolio balance.

Africa on a Deeper Level: Private Safari Experiences

Wildlife enthusiasts might choose a traditional safari for extraordinary viewing opportunities. Private or semi-private reserves offer retirees flexibility, comfort, and exclusivity. A safari excursion might include:

• South Africa’s Sabi Sands for close-range wildlife encounters
• Botswana’s Okavango Delta for water-based safaris
• Kenya’s Maasai Mara during the Great Migration

Private guides, chartered bush flights, and luxury lodges provide refined accommodations, customized pacing, and access to areas with limited tourism capacity. Today’s currency dynamics favor U.S. travelers in certain African regions, making high-end safaris comparatively attractive relative to other global luxury destinations.

The Ultimate Reset: Around-the-World Itineraries

For those looking to commemorate retirement with a landmark experience, an around-the-world itinerary extends both range and depth. Unlike shorter trips, global travel demands preparation across continents, time zones, and climates, such as this itinerary:

•  Japan during cherry blossom season
• Southeast Asia’s cultural centers, such as Bangkok and Luang Prabang
• Australia or New Zealand for expansive landscapes and cultural discovery

Air alliances and private travel advisors can streamline logistics, while premium cabins reduce fatigue on long-haul flights. Given the scope of these trips, retirees should account for them in their financial planning discussions for liquidity, tax positioning, and legacy considerations.

Travel With Purpose

The intentional design of a once-in-a-lifetime trip in retirement distinguishes it from other getaways. Experiences that combine personal interests, such as cuisine, nature, or philanthropy, create deeper engagement and lasting fulfillment. Modern travel arrangements increasingly consider:

• Sustainability and responsible tourism practices
•  Health and mobility accommodations tailored to individual needs
• Flexible cancellation policies in response to global uncertainty

Professional guidance can streamline these decisions, aligning travel ambitions with financial priorities.

The first year of retirement sets the tone for what follows. Travel during this period can serve as both a celebration and a meaningful transition. Retirees who plan carefully can relax and enjoy their pursuits knowing their financial strategy supports the journey ahead. Contact an SHP Financial advisor today for a complimentary review of your portfolio and guidance in shaping your dream retirement.