A $100 per month saved and paid as a premium for an Index Universal Life Insurance ( IUL) plan can yield good retirement money for a 36 yr old female with death benefit of $300,000. In this plan, there is a flexibility to save more each month on top of the monthly premium.
My son is saving at 2% in his credit union because he wants to help his sister move to another city. Do allocate around 5-10% of your income for a cash accumulation IUL or other retirement plan early on, to allow enough time to grow at 8% or higher rate with no downside market participation.
My daughter saves her money for a house at age 24 and had been going to thrift stores most of the time. As a teacher, she still can buy school supplies for her students as an art teacher.
Here is a sample quote for a 36 yr old female with death benefit of $300k: