I think you can definitely do it, because, from what you say, you have made the key decision already; to travel the world.
There are many ways of achieving what you want to do and, IMO, you have a healthy budget in place, to the extent that many others would like to be in the same situation.
You could spend a bit of time reading a selection of blogs that are "stored" in this website for general ideas about costs (yep, some people have kept detailed cost records in spread sheets for instance). You would also get inspiration for where to go and even how to do it: personally, I have been reading this one most recently:-
Chasing the Sunshine
If you really do need to reassure yourself about how far you can travel on your proposed budget then this thread has some useful/interesting input:-
http://www.horizonsunlimited.com/hub...00-month-61216
Personally, I would start the trip in one or other of those parts of the world where the cost of living is better value than some other, westernised, countries with a very high cost of living - such as Australia!
Best wishes for your plans!
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Dave
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