Yes, you might even be able to travel 1.5–2 months across Europe. Depends on how much less than $5000 but even around $3000 you should be comfortable.
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In all, I try to keep monthly spending under $2,500 (not including my business spending). And even with this as my budget ceiling, I often come in under. A few months ago, I did the math on the 30+ real Europe travel budgets linked below (scroll down for links) and the monthly average came in at $1,637.
You can Easily travel across Europe on that budget. I have been traveling in Europe now for 7 months straight. Traveled through 15 countries in Europe and one in North Africa. I've spent approximately $5000 for 7 months of travel if not less.
Considering average prices, $5,000 is more than enough to travel Europe comfortably for several weeks. With $5,000, you will be able to buy a return ticket, take flights between European countries, use public transport, eat multiple meals at restaurants per day, and visit paid attractions for more than three weeks.
3 WEEKS IN EUROPE AVERAGE COSTIf you're on a backpacker's budget, you should be able to do it for $1,500. Plan to stay in dorm rooms and cook when you can. If you want to splurge, $4,500 for 3 weeks in Europe is very comfortable. You can book five-star hotels, eat at fancier restaurants, and book private tours.
It all depends on where you're going and what you plan to do during your trip. As you can see from our travel costs table above, some European cities are cheaper or more expensive than others. As a general rule, though, it's a good idea to budget at least $100 a day for your vacation.
If managed carefully, a $5,000 budget is more than enough to eat and drink your way across the continent on a 10-day or two-week trip –or perhaps even longer.
You won't be able to survive on $5,000 per year if you're backpacking around expensive countries like Japan and England, so consider choosing some cheap countries for travelling instead. Southeast Asia, Eastern Europe and Central America are three of the most affordable regions for backpackers.
A Europe 2 weeks itinerary is definitely not long enough for Europe. Through a 2 weeks Europe trip itinerary, you can see one city in three to four countries, or five countries, if the countries are closer to each other. Seeing Europe in two weeks means you'd have to pick only a few cities and their highlights to see.
If you want to cover a lot of ground, one month gives you enough time to spend at least two or three nights in each destination. If, on the other hand, you want to do more than just scratch the surface of each country, it's best to stick to fewer destinations and travel at a slower pace.
You can fly with any amount of cash. No law prohibits you from bringing any amount of money on a flight. Likewise, TSA has no rules that limit how much money you can bring through security. In other words, TSA has no cash limit per person.
How Much Spending Money Do I Need Per Day? Virtually impossible to predict, we'd advise a figure roughly around €140 a day for spending money in Western Europe and about €60–140 a day for Eastern Europe.
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.
It can be done, but you'd have to budget money carefully and watch how much you spend on food, sights, etc (and that takes away some fun & spontaneity. I prefer to go the 3 star route and free up extra spending money (I'd still avoid fancy dinners every night).