Honours and later life
In 1961, he was awarded the Harold Spencer-Jones Gold Medal by the Royal Institute of Navigation in recognition of his contributions to navigation.
In July 1967, a few weeks after his solo circumnavigation, Chichester was knighted, being appointed a Knight Commander of the Order of the British Empire for "individual achievement and sustained endeavour in the navigation and seamanship of small craft". For the ceremony, the Queen used the sword used by her predecessor Queen Elizabeth I to knight the adventurer Sir Francis Drake, the first Englishman with his crew to complete a circumnavigation. Gipsy Moth IV was preserved alongside the Cutty Sark at Greenwich.
Also in 1967, Sir Francis Chichester was made an Honorary Bencher of the Middle Temple after his solo circumnavigation of the globe in 1966–67. An occasional table, located in the Prince's Room, commemorates Chichester's association with the Inn. It is made from the teak forehatch of Gypsy Moth IV, his own craft, and contains an aeronautical chart of the South Atlantic. The hatch cover from his yacht is also displayed in the Prince's Room.
Chichester was also honoured in 1967 by a newly issued 1/9d (one shilling and nine pence) postage stamp, which showed him aboard Gipsy Moth IV. This went against an unwritten tradition of the General Post Office, because Chichester was neither a member of the royal family nor dead when the stamp was issued.
In 1968, when Donald Crowhurst was trying to win the Sunday Times Golden Globe Race, a single-handed round-the-world event, it was Chichester who dismissed Crowhurst's wildly exaggerated reports of his own progress, which had fooled many enthusiastic supporters.
In 1970, Chichester attempted to sail 4,000 miles in twenty days, in Gipsy Moth V, but failed by one day.
Chichester died of cancer in Plymouth, Devon, on 26 August 1972, and was buried in the church of his ancestors, St Peter's Church in Shirwell, near Barnstaple. His widow died in 1989 and is buried with him.