How Much Should You Spend on Travel in Retirement? The Real Math for $1M to $10M Portfolios

Many retirees plan travel wrong. They treat $20,000 to $80,000+ a year for 30 years as one big number — and either underspend out of fear, or overspend early and permanentize a temporary lifestyle. 👉 FREE: Download our 15 Retirement Planning Checklists — the ones we use with clients → https://www.covenantwealthadvisors.co... 🗓️ Work with Us: https://www.covenantwealthadvisors.co... Check out our Covenant Wealth Advisors Youtube Channel → / ‪@covenantwealthadvisors‬ ======================= In this video, I'll show you the real math on how much you can safely spend on travel in retirement — using the same framework I use with affluent clients at Covenant Wealth Advisors. We'll cover the "travel window" concept, the five-step filter to find your travel surplus, and specific starting-point ranges for portfolios from $1M to $10M. If you're within 10 years of retirement with a $1M–$5M portfolio, this is the planning conversation most advisors skip. ━━━━━━━━━━━━━━━━━━━━━━━━━ 💡 KEY CONCEPTS COVERED ━━━━━━━━━━━━━━━━━━━━━━━━━ ✔ The "travel window" framework — why 30 years is the wrong planning horizon ✔ Go-Go, Slow-Go, Low-Go phases of retirement travel ✔ Travel spending starting points for $1M, $2.5M, $5M, and $10M portfolios ✔ The 5-step filter to identify your "travel surplus" ✔ Tax-aware withdrawal strategy: which accounts to pull from first ✔ Why bigger portfolios don't automatically mean bigger travel budgets ━━━━━━━━━━━━━━━━━━━━━━━━━ 💬 LET'S TALK ━━━━━━━━━━━━━━━━━━━━━━━━━ Drop a number in the comments — 5, 10, 15, or 20+ — how many active travel years do you realistically think you have ahead of you? I read every single one. ━━━━━━━━━━━━━━━━━━━━━━━━━ 📺 RELATED VIDEOS ━━━━━━━━━━━━━━━━━━━━━━━━━ ▶ 5 Reasons a Roth Conversion Can Make Sense at the 24% Tax Rate:    • 5 Reasons a Roth Conversion Can Make Sense...   ▶ 5 Really Good Reasons to File for Social Security at 62:    • 5 Really Good Reasons to File for Social S...   ▶ Retirement is Short: Why Your Biggest Fear in Retirement is Probably Wrong:    • Retirement is Short: Why Your Biggest Fear...   ━━━━━━━━━━━━━━━━━━━━━━━━━ 👋 ABOUT MARK FONVILLE, CFP® ━━━━━━━━━━━━━━━━━━━━━━━━━ I'm Mark Fonville, CERTIFIED FINANCIAL PLANNER™ and CEO of Covenant Wealth Advisors in Richmond, Virginia. We help affluent retirees and pre-retirees with $1M–$10M+ portfolios create reliable retirement income, minimize taxes, and retire with confidence. 🌐 Website: https://www.covenantwealthadvisors.com/ 📧 Contact: https://www.covenantwealthadvisors.co... ━━━━━━━━━━━━━━━━━━━━━━━━━ CHAPTERS ━━━━━━━━━━━━━━━━━━━━━━━━━ 0:00 The $2.4M Travel Mistake Most Retirees Make 1:18 Case Study: Can a $3M Couple Spend $80K a Year? 3:18 Don't Permanize Temporary Travel 4:38 Your 3 Travel Windows: Go-Go, Slow-Go, No-Go 5:18 Longevity vs. Mobility: Why They Aren't the Same 7:03 How Much to Spend by Portfolio: $1M, $2.5M, $5M, $10M 8:39 The 5-Step Filter to Find Your Travel Surplus 10:02 The Front-Loaded Plan: Spend Big Early, Then Taper 11:14 Which Account Pays for Travel? RMDs, Taxes & Cash Flow ━━━━━━━━━━━━━━━━━━━━━━━━━ ⚠️ DISCLAIMER ━━━━━━━━━━━━━━━━━━━━━━━━━ This video is for educational and informational purposes only and does not constitute investment, tax, or legal advice. All examples are hypothetical and do not represent any specific client or guaranteed outcome. Spending ranges referenced are planning starting points — not safe withdrawal rules or personalized recommendations. Please consult a qualified CERTIFIED FINANCIAL PLANNER™ professional, CPA, or attorney before making financial decisions. Investing involves risk, including possible loss of principal. Services offered by Covenant Wealth Advisors (CWA), a d/b/a of Fonville Wealth Management LLC, a fee-only financial planner and registered investment adviser with offices in Richmond, Reston, and Williamsburg, Va. Registration of an investment advisor does not imply a certain level of skill or training. Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks. Investments involve risk and there is no guarantee that investments will appreciate. Past performance is not indicative of future results. #RetirementPlanning #TravelInRetirement #RetirementIncome #FinancialPlanning #EarlyRetirement