Real cost of full timing

Buying a replacement RV or new truck or a future house, is not $350 a month offset by future income, its a $50,000 or $100,000 lump sum deduction from your remaining net worth, never to be replaced. Be sure that your $7k/mon x 12 mon x 25 yrs, has allowed for that.

This is the thinking of so many full time RVers and when the time comes for a new truck or RV the money is not there so they have to purchase with a loan, make payments, and pay interest. Or worse, take a huge chunk from the retirement account that often leads to less monthly money. Had they set aside in their budget the money to replace the unit, then when it's needed to be replaced the money would be there. This is no different than any smart person planning for the future and knowing that someday that future will come and the money will be there for the needed costs. If an RVer wants to call it quits after a certain time period and does not anticipate ever replacing a truck or RV, then banking that replacement cost into the budget might be unnecessary. The OP did not state how long he plans to be on the road but if he is RVing full time for twenty years (since he is in his early 60's twenty years is certainly plausable) there needs to be future costs anticipated and planned for without touching the principal, only using the $7000 monthly interest off the account. Typically, for retired folks RVs and pickup trucks are not depreciating assets, they are depreciating liabilities. They don't gain value. And if you quit before needing to spend that money, you have it for other things or to agument your retirement if that works.