Is $20000 enough to travel the world?

Generally, $20,000 is the baseline cost for a trip around the world for one person for one year. This estimation falls in line with popular recommendations that budget travelers can spend an average of $50 a day on the road, and allows additional budget for flights and vaccines.



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In general, you should expect it to cost between $25,000 to $35,000 per person to travel around the world for a year. This rough estimate comes from reading travel budgets of other bloggers, various travel planning resources, and our own experience.

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Several popular travel blogs, such as A Little Adrift, Never Ending Footsteps, and Earth Trekkers, all agree that a baseline of $20,000 per person for one year is doable. This averages out to just over $50 per day. Here's how you can figure out your magic number.

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Backpackers should expect to spend between $40 – $70 USD/day in Eastern Europe, $70 – $100/day in Western Europe, and $150 – $200/day in the Nordic countries.

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If you're planning a world trip, it's usually a long-term route of at least a few months and up to a year around the world, or more.

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Choose the right transport when planning a cheap vacation
  • Use public transport or walk to take a low-cost trip. ...
  • Rent a bicycle and travel inexpensively. ...
  • Hitchhiking, the cheapest way to travel abroad. ...
  • Take an overnight train for a low-budget trip. ...
  • Rent a campervan and travel cheap around the world.


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Examples of jobs that pay to travel include cruise ship workers, flight attendants, and tour guides. These jobs often dictate when and where you get to travel and often provide free accommodation.

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While it's technically legal to travel domestically with this kind of money, it can arouse suspicion from law enforcement. And to reiterate, if law enforcement suspects your money is tied to illegal activity, they can seize it.

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You can expect to pay about $320 per day for an all-inclusive trip to Japan, so the average price for an 14-day trip would be $4500 with flights included.

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With 10,000 USD, you could easily travel around Europe for a few weeks. You could stay in budget hostels and eat at local restaurants or cook your own meals. If you plan carefully and look for deals, it's possible to stretch that amount even further.

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So, how much money do you really need for 3 weeks in Europe? While it varies depending on your travel style and destination, a budget of around $2,000 - $5,000 USD should cover your expenses. Of course, this is just a rough estimate - the more you can save, the better!

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The late fall and winter months—from mid to late October through mid-to-late March—are often the cheapest time to fly to Europe (though fares can spike in December).

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