I have read much here about the cost of touring. There have been many posts about daily costs, etc. It's all been helpful but recently I started looking at costs a little differently...sort of. Hypothetically if a person had a budget of say $1500 per month could you tour long term or indefinitely on that amount? If a person started on their bike from home and had no additional travel expenses could it be done? This would have to include all costs ie. food, camping fees, occasional motel/hostel, misc, etc.
I'm planning on selling my house, once the market here improves, and I'm thinking about traveling for an indefinite amount of time before I buy another home. I can't travel long term and keep the house and I want to downsize anyway. Much of the travel (maybe all of it) would be bike touring in the US and Canada. During this time I would only have expenses directly related to traveling. I'm 55 years old and retired and figure it's time to start living some of my dreams. So is $1500 per month realistic or do I need to increase the budget?
Right now I'm just in the brain storming stage and trying to figure out possibilities. All feedback is appreciated.