The average age of retirement in the U.S. is 63 for women and 65 for men, according to recent research from financial services company Empower — a milestone several decades off for Gen Z and young millennial professionals.

What's more, for many people, saving enough money for a comfortable lifestyle in their golden years remains an elusive feat. More than 57% of working Americans think they're behind where they should be on their retirement savings, including 35% who feel significantly behind, per a 2024 Bankrate survey .

That's perhaps not surprising given the lofty figure Americans consider the bare minimum for retirement: $1.46 million, according to a Northwestern Mutual study .

An alternative to reaching such a far-off, financially cumbersome goal? The increasingly popul

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