5 vacation spots that could quietly drain your retirement savings
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Retirement is often pictured as a time to finally travel—whether that means sipping coffee in Paris, relaxing on a beach in Hawaii, or seeing the bright lights of New York City.
But while those dream destinations may look picture-perfect, they can also carry hefty price tags that quickly add up.
With the median retirement income for Americans aged 65 to 74 sitting just under $56,000 a year, according to the US Census Bureau, it doesn’t take much for a trip to eat into your nest egg.
That doesn’t mean travel should be avoided—it just means planning is key.
Before you book that once-in-a-lifetime getaway, it’s worth knowing which destinations can quietly drain your wallet, and what alternatives might be easier on your budget.
Hawaii’s beauty is undeniable, with its lush landscapes, beaches, and volcanic wonders.
But a one-week trip for two can easily cost $5,000 or more once airfare, lodging, and food are factored in.
Flights from the East Coast often exceed $1,000 per person, and while hostels might be cheaper, most retirees prefer hotels—many of which cost $500 to $2,000 per night.
Add in tours, excursions, and daily meals, and Hawaii becomes a destination that requires deep pockets.
Europe remains a dream for history and art lovers, but costs mount quickly.
Airfare can run from $400 off-season to $700 or more during summer, and accommodations in major cities like Paris or London often start at $200 per night.
Even modest sightseeing adds up—Eurail passes, museum entry fees, or a gondola ride in Venice can easily push the budget higher.
For many retirees, a few weeks in Europe could rival several months of living expenses back home.
The excitement of New York City comes at a high cost.
Hotels in Manhattan often exceed $500 per night, and attractions like Broadway shows or harbor cruises cost $50 or more per person.
Dining can also be pricey—a simple sit-down dinner for two may run $60 to $120.
While walking the city is part of the experience, the long blocks and crowded subways can be especially tiring for older travelers.
Bora Bora is known for its turquoise lagoons and overwater bungalows, but it is one of the most expensive destinations in the world.
Flights from the US often begin at $2,000 per person, with luxury accommodations averaging $1,000 or more per night.
The island’s isolation means everyday meals and transportation are marked up heavily.
The long journey, requiring multiple flights and transfers, can also be especially taxing for retirees.
Dubai dazzles with its skyscrapers and luxury lifestyle, but the costs are just as towering.
A week in a moderate hotel can reach $1,800, while luxury accommodations may exceed $7,500.
Food, activities, and transportation can easily add $2,000 to the total.
Combined with airfare and visa costs, a trip to Dubai can rival the price of a new car—making it one of the priciest choices for retirees.
Travel doesn’t have to mean draining your savings.
The US offers plenty of affordable destinations with rich culture and history:
Retirement should be about enjoying the freedom you’ve worked so hard for—not stressing over the price of every meal, hotel, or plane ticket.
With a little planning and some smart choices, it’s possible to see the world, savor new experiences, and still keep your finances secure.
At The GrayVine, we believe the best trips aren’t the most expensive—they’re the ones that leave you with lasting memories, laughter, and stories to share for years to come.
Read next: Is your next vacation on the danger list? See which 21 countries Americans are now being told to avoid
Have you ever taken a dream trip that ended up costing more than expected? Or do you have a favorite budget-friendly destination you’d recommend to other retirees? Share your travel tips and experiences in the comments—we’d love to hear how you make the most of your adventures.
But while those dream destinations may look picture-perfect, they can also carry hefty price tags that quickly add up.
With the median retirement income for Americans aged 65 to 74 sitting just under $56,000 a year, according to the US Census Bureau, it doesn’t take much for a trip to eat into your nest egg.
That doesn’t mean travel should be avoided—it just means planning is key.
Before you book that once-in-a-lifetime getaway, it’s worth knowing which destinations can quietly drain your wallet, and what alternatives might be easier on your budget.
Some dream destinations can carry hefty price tags, but retirees can still enjoy rewarding travel by planning wisely. Image Source: Pexels / Rafael Minguet Delgado.
1. Hawaii: paradise with a price tag
Hawaii’s beauty is undeniable, with its lush landscapes, beaches, and volcanic wonders.
But a one-week trip for two can easily cost $5,000 or more once airfare, lodging, and food are factored in.
Flights from the East Coast often exceed $1,000 per person, and while hostels might be cheaper, most retirees prefer hotels—many of which cost $500 to $2,000 per night.
Add in tours, excursions, and daily meals, and Hawaii becomes a destination that requires deep pockets.
Hawaii’s stunning beaches and views come at a steep travel cost. Image Source: YouTube / Matt's Travel Tips.
Also read: Don’t book your next flight until you read these senior travel must-knows
2. Europe: culture with costly surprises
Europe remains a dream for history and art lovers, but costs mount quickly.
Airfare can run from $400 off-season to $700 or more during summer, and accommodations in major cities like Paris or London often start at $200 per night.
Even modest sightseeing adds up—Eurail passes, museum entry fees, or a gondola ride in Venice can easily push the budget higher.
For many retirees, a few weeks in Europe could rival several months of living expenses back home.
A European getaway offers culture and history, but expenses add up quickly. Image Source: Pexels / Chris Molloy.
Also read: Think flying is the cheapest travel option? Not if you live in this US region
3. New York City: the city that never stops charging
The excitement of New York City comes at a high cost.
Hotels in Manhattan often exceed $500 per night, and attractions like Broadway shows or harbor cruises cost $50 or more per person.
Dining can also be pricey—a simple sit-down dinner for two may run $60 to $120.
While walking the city is part of the experience, the long blocks and crowded subways can be especially tiring for older travelers.
New York dazzles with energy and attractions, but it’s one of the priciest US cities to visit. Image Source: Pexels / David Skyrius.
4. Bora Bora: luxury in isolation
Bora Bora is known for its turquoise lagoons and overwater bungalows, but it is one of the most expensive destinations in the world.
Flights from the US often begin at $2,000 per person, with luxury accommodations averaging $1,000 or more per night.
The island’s isolation means everyday meals and transportation are marked up heavily.
The long journey, requiring multiple flights and transfers, can also be especially taxing for retirees.
Bora Bora’s turquoise waters and luxury bungalows make it beautiful—and budget-busting. Image Source: YouTube / Expedia.
Also read: These hidden havens across the US are perfect for your next quiet escape
5. Dubai: glitz, glamour, and big bills
Dubai dazzles with its skyscrapers and luxury lifestyle, but the costs are just as towering.
A week in a moderate hotel can reach $1,800, while luxury accommodations may exceed $7,500.
Food, activities, and transportation can easily add $2,000 to the total.
Combined with airfare and visa costs, a trip to Dubai can rival the price of a new car—making it one of the priciest choices for retirees.
Dubai’s skyscrapers and luxury lifestyle are unmatched, but so are the costs. Image Source: Pexels / Aleksandar Pasaric.
Also read: Retire in style: Uncover golden travel secrets!
Smart alternatives closer to home
Travel doesn’t have to mean draining your savings.
The US offers plenty of affordable destinations with rich culture and history:
- Charleston, South Carolina: Historic charm, Southern cuisine, and ocean breezes at a fraction of Europe’s cost.
- San Antonio, Texas: A blend of history and Tex-Mex culture along the famous River Walk.
- National Parks: From the Grand Canyon to Yellowstone, America’s parks provide stunning scenery and affordable lodging, especially with the Senior Pass.
Also read: Would you travel for your favorite snack? You’re not alone—here’s how far some Americans go to satisfy a craving
Tips for traveling on a retirement budget
- Travel off-season: Prices for flights and hotels drop significantly outside peak months.
- Book early or last-minute: Planning ahead—or snagging a last-minute deal—can save hundreds.
- Join group tours: Senior travel groups often negotiate lower rates and handle logistics.
- Use rewards points: Credit card points can cover airfare or hotel stays.
- Stay flexible: Being open to changes can make your trip both more affordable and more fun.
Retirement should be about enjoying the freedom you’ve worked so hard for—not stressing over the price of every meal, hotel, or plane ticket.
With a little planning and some smart choices, it’s possible to see the world, savor new experiences, and still keep your finances secure.
At The GrayVine, we believe the best trips aren’t the most expensive—they’re the ones that leave you with lasting memories, laughter, and stories to share for years to come.
Read next: Is your next vacation on the danger list? See which 21 countries Americans are now being told to avoid
Have you ever taken a dream trip that ended up costing more than expected? Or do you have a favorite budget-friendly destination you’d recommend to other retirees? Share your travel tips and experiences in the comments—we’d love to hear how you make the most of your adventures.
