So, costs of indefinite travelling

[TheMoose]

I'm in a rather fortunate position. My house will rent for a good chunk more than my monthly mortgage payment is. With all investments, minus all costs, I should clear circa £1,000 (GBP) a month (could be more if I switched to interest only, but would like to keep paying off the capital). Indefinitely. I also will have some savings to work from also.

At some point in the future, I'd really like to take some time out, indefinitely to ride around the world.

In short, my question is whether £1,000 a month is enough?

Obviously I realise the actual question is more complicated than that - taking into account factors such as where I go, where I stay in those places, what bike I ride, how many miles a month I cover etc.

I plan to ride a BMW 1200GS (2011/2012 bike) which supposedly does 40mpg

I want to see a lot of the world (who here doesn't!!), and I understand that if I'm in Africa camping, I'll spend less ££ than if I'm in 5* hotels in Europe. I don't plan to stay in luxurious accommodation, some nights camping, others in b&bs, motels, hostels etc. I would have thought on average, 200 miles a day, 3 days a week, so lets say 2.5k miles a month just riding about. So, about 60 gallons a month, or 250 litres a month. I estimate this to be £400 (worst case scenario) a month. This leaves me with £600 or £20 a day. To me, that doesn't sound like enough taking into account repairs, tyres, food etc.

However, I've seen people talk about travelling on £500 a month, but it seems too cheap to me!

I would plan on starting in Europe and seeing lots of that in the summer and then heading into the Southern Hemisphere, probably Africa around September, following the sun! So, if some savings are spent in first part of trip, not the end of the world.

I would always have a contingency budget of £2k to get me out of a bind, and £10k minimum of credit card space if relly needed.

Am I mental?!