Wallis died at his country home in Funtington in West Sussex on 13 February 1892 and was buried in St Mary's churchyard at Funtington. He was only a few months short of his 101st birthday with a combined service of 96 years from the time his name first appeared on the books of a Royal Navy ship. He was the last survivor of the action between HMS "Shannon" and USS "Chesapeake", and on his death, four admirals below him on the active list were able to gain immediate promotion.