The share market has traditionally generated average annual returns of around 9% to 10% over the long term.

But I think some ASX shares have the potential to do even better from here.

These three would be on my buy list.

Breville Group Ltd (ASX: BRG)

Breville is one company I think the market may be underestimating.

The business has spent years building premium appliance brands that can be sold into households around the world. Coffee machines remain very important, but the opportunity extends across a much wider range of kitchen products.

What I like is the repeatability of that model. Breville can enter new markets, expand distribution, launch new products, and encourage existing customers who already know the brand to buy something else.

That gives the ASX share several ways to grow without needing one breakthrough product to carry the business.

So, with Breville shares now trading around $30.43, down almost 15% from their 52-week high, I think a combination of earnings growth and improving investor sentiment could comfortably support a return of more than 10%.

Hub24 Ltd (ASX: HUB)

Hub24 has also had a substantial fall from its highs, but I remain positive about the business.

The company operates investment platforms used by financial advisers to manage client wealth.

I like the position Hub24 has built because more advisers are choosing modern platforms that can make portfolio administration easier while giving them access to a wider range of investment options and technology.

Once an adviser begins moving client assets onto a platform, those funds can remain there for years. New clients and additional contributions can then increase the amount administered without Hub24 having to start from scratch each time.

The company has continued gaining market share and attracting strong net inflows, while its growing scale can support higher profits as more assets move onto the platform.

At around $70, Hub24 is now trading more than 40% below its 52-week high. I think this has created an attractive entry point for long-term investors.

Cochlear Ltd (ASX: COH)

Cochlear shares have fallen heavily from their previous highs as weaker growth and a reduced earnings outlook have tested investor confidence.

There are genuine reasons for caution. But I do not think the long-term need for Cochlear’s products has changed.

Severe hearing loss remains significantly undertreated around the world, leaving a large population of people who could potentially benefit from cochlear implants.

Cochlear is also continuing to improve its technology. The newer Nucleus Nexa platform gives the company an opportunity to strengthen its offering, while future innovations could make implants more capable and easier for patients to live with.

The business does not need to return anywhere near its previous share price for investors buying today to earn 10%.

If sales growth improves and confidence in the earnings outlook begins to rebuild, I think there is plenty of room for the shares to move higher.

Foolish takeaway

I think all three ASX shares have more going for them than their recent share price performances suggest.

Breville still has international room to expand, Hub24 continues to benefit from more wealth moving onto its platform, and Cochlear is addressing a large healthcare need that is not going away.

None is guaranteed to deliver a double-digit return, but I would be comfortable backing each from current levels.

The post 3 ASX shares I think could return 10%+ appeared first on The Motley Fool Australia.

More reading

• Cochlear share price rebounds 53% from 10-year low: Can it keep climbing?
• Cochlear vs Pro Medicus: Which beaten-down ASX healthcare share is the better buy today?
• 2 ASX shares I’d buy before they return to their 52-week highs
• 3 ASX 200 shares I’d buy if I couldn’t sell for 10 years
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Grace Alvino has positions in Hub24. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Cochlear and Hub24. The Motley Fool Australia has recommended Cochlear and Hub24. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Cochlear Ltd (ASX: COH) share price has climbed higher into the green in Wednesday morning trade.

At the time of writing, the ASX healthcare shares are up over 1% to $137.95 a piece.

Today’s increase means the shares have now rebounded around 53% from a 10-year low of just $90 each in late April.

The recovery has been pretty consistent, but there is a long way for the shares to go before they return to pre-2026 levels following a series of investor sell-offs earlier this year.

It’s been a difficult year for the medical hearing implant device company. Cochlear has suffered from a number of strong headwinds, including a sector-wide rotation away from ASX healthcare shares this year and some disappointing financial updates.

The Cochlear share price fell around 20% after the company released its half-year results in February, and the shares crashed another 41% in a day in late April after the company downgraded its guidance figures. 

What has driven the rebound?

There has clearly been a recovery of investor sentiment since April, and healthcare stocks have generally started attracting more interest from investors over the past couple of months.

In July, the company confirmed that its hearing implant systems will continue to be imported into the US duty-free after the US Government released its findings from a series of Section 301 investigations. The announcement helped ease US tariff issue concerns.

In mid-August, management posted its FY26 results. The announcement included underlying net profit of $322 million, down 22% but right at the top end of guidance.  

Looking ahead to FY27, Cochlear expects low-single-digit constant currency revenue growth and an underlying net profit between $330 million and $350 million. 

Investors were thrilled with the results and rushed to snap up the shares.

Now the question is, can the Cochlear share price keep climbing? Or is another crash coming?

Here’s what the experts think.

Can the Cochlear share price climb higher?

Looking ahead, I still see Cochlear as a strong, globally dominant business with its long-term outlook intact. I think the steep sell-off this year was overdone, and that the share price could quietly keep climbing higher.

But at the time of writing, it looks like the experts aren’t convinced. It looks like many are questioning whether Cochlear shares can stage a meaningful recovery over the next 12 months.

Market Index data shows the majority of brokers have a hold rating on Cochlear shares. But the $126.07 average target price now implies a potential 8% downside from the current trading price.

TradingView data is a little more positive. Again, the majority of analysts have a hold rating on the shares. The $142.26 average target price implies a potential 4% upside over the next 12 months, at the time of writing.

The post Cochlear share price rebounds 53% from 10-year low: Can it keep climbing? appeared first on The Motley Fool Australia.

More reading

• 3 ASX shares I think could return 10%+
• Cochlear vs Pro Medicus: Which beaten-down ASX healthcare share is the better buy today?
• 2 ASX shares I’d buy before they return to their 52-week highs
• Here are the top 10 ASX 200 shares today
• CSL led the ASX healthcare shares rebound. Can it continue?

Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Cochlear. The Motley Fool Australia has recommended Cochlear. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

At age 67, Australians could be eligible to receive the Age Pension payment.

This is a fortnightly sum, paid by Centrelink, to help older individuals fund their retirement. It’s an excellent tool, but is it enough to be able to afford the lifestyle you want?

Let’s take a look.

How much is the Age Pension?

The maximum fortnightly Age Pension payment will go up next week to $1,237.70 for individuals. Couples will soon get up to $933 per person per fortnight. 

This totals $32,180 per year for singles, and $48,516 per year for couples combined.

These figures include the maximum basic rate, the maximum pension supplement, and the energy supplement.

But, not everyone will get it. 

Eligibility for the Age Pension is heavily dependent on your income level and the assets you own.

It is possible to earn a part-payment if your income and/or assets are over the threshold, and the amount is generally calculated on a sliding scale.

How much does it cost to retire?

According to the Association of Superannuation Funds of Australia (ASFA), there are two main retirement lifestyle brackets in Australia: modest and comfortable.

A modest retirement is one that allows you to meet essential living costs. It assumes you’ll have enough money to fund basic costs like basic health insurance, essential utilities, and grocery expenses. It leaves a little room for infrequent, low-cost leisure activities and perhaps the occasional budget meal out. But it doesn’t account for funds for travel, and leaves only a very limited discretionary budget. 

ASFA estimates that a modest retirement will cost approximately $36,548 per year for singles and around $52,690 for a couple combined. These figures assume you own your home outright (so additional mortgage or rental costs will be on top) and that you’ll receive a part Age Pension. 

ASFA defines a comfortable retirement as one that allows Australians to maintain a good standard of living. It covers expenses like top-tier private health insurance, a reasonable car, and regular leisure activities. It also includes money for home repairs and renovations, some meals out, and maybe even an occasional holiday.

The data shows that a comfortable retirement is estimated to cost around $56,166 per year for singles and $78,998 for couples. Again, it assumes you’ll receive a part Age Pension and that you own your home in full.

The verdict

No, the Australian Age Pension isn’t enough to retire comfortably. In fact, it is even below the forecasted cost of a modest retirement. 

For a modest retirement, the gap is around $4,400 per year for singles and $4,200 for couples combined.

For a comfortable retirement, the gap is even wider, at around $24,000 per year for singles and roughly $30,500 for couples combined.

This means you’ll need superannuation or alternative savings to bridge the difference between the Age Pension payment and the realistic costs of retirement. 

The post Is the Australian Age Pension enough to retire comfortably? appeared first on The Motley Fool Australia.

More reading

• How much income could a $1.2 million superannuation balance generate?
• Why I’d buy and hold BHP shares for 10 years
• 3 ASX shares I think could return 10%+
• Cochlear share price rebounds 53% from 10-year low: Can it keep climbing?
• Two broker upgrades put CSL shares back in focus

Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.