New Delhi, Feb. 20 -- Ever fantasized about quitting your job, packing a suitcase and jetting off to explore the world? You are not alone but how much money would it take for the average American to actually take the plunge? According to a new survey, the magic number is $287,731.

A nationwide study conducted by Talker Research on behalf of Travelbinger.com asked 2,000 Americans about their financial tipping point for leaving behind their current life to travel full-time. The results revealed that different generations have vastly different ideas about what financial freedom looks like.

For Gen Z, the dream is within closer reach-they would pack their bags for just $211,000-while, Baby Boomers are more cautious, saying they would need a...