Superannuation is a great way for Australians to build wealth for their retirement.

But it’s not just a savings pot.

Did you know that you can also earn a passive income off your balance once you transition to the pension phase?

But how much do you need in your super to be able to get the passive income you want when your retirement years arrive?

And how achievable is a $10,000 per month passive income?

Let’s investigate.

How much do I need in my superannuation to get a passive income of $10,000 every single month?

First, you need to work out what $10,000 in passive income every month equals over the entire year. 

So, $10,000 x 12 = $120,000.

Then you need to divide your annual passive income by the dividend yield of your overall portfolio. 

For example, $120,000 ÷ 5% = $2.4 million (that’s the portfolio size you’d need).

The catch is that the answer varies depending on your dividend yield.

That means a portfolio with a dividend yield of around 6% only needs to be half the size of one with a dividend yield of around 3% to generate the same level of passive income.

Break it down for me

Say your overall portfolio has a yield of around 2% or 3%. You’ll need a balance of around $6 million or $4 million to earn your $10,000 per month ($120,000 per year) passive income.

Of course, these are huge figures and this level of superannuation balance is out of reach for the majority of Australians.

But the good news is, as your yield goes up, the amount you need to earn the same $10,000 per month passive income, goes down.

So, if your portfolio yields closer to 4%, you’d need around $3 million.

Then if your portfolio yields a little higher, around 5%, you’d need more like $2.4 million to earn the same amount.

At 6%, you’d need a superannuation balance of around $2 million to earn the same amount.

Increase that to a 7% or 8% yield, and you’re looking at closer to $1.7 million or $1.5 million, respectively.

Then if you have the appetite for higher yielding and riskier shares, around the 9% or 10% mark, you’d need around $1.33 million or $1.2 million in your super to earn the same level of passive income.

Remember, most ASX dividend shares pay dividends on a semi-annually or yearly basis. Which means that while you could target the equivalent of $10,000 per month in passive income, you won’t actually receive the money on a month-by-month basis, but instead in a lump sum every six or 12 months.

Why can’t I invest in the highest yielding ASX shares available so I can earn the same passive income off a lower balance?

Technically this is possible, but it comes with a significant amount of risk.

When it comes to ASX dividend shares, high-yielding shares could be cyclical businesses that fluctuate significantly with market cycles, niche companies with strong cash conversion, or they have discounted share prices. 

It doesn’t mean high-yield shares should be avoided, but rather, they should be part of a diversified portfolio rather than account for the entire portfolio.

Rather than trying to get rich quick, it’s best to concentrate on a diverse range of good-quality businesses with strong balance sheets and stable earnings. Ideally, you want to focus on stocks that are most likely to stand the test of time.

Ok, so what does a diversified portfolio look like?

If you plan to earn $10,000 per month off a 5% yielding portfolio, you’d need a balance of around $2.4 million.

That doesn’t mean that every investment in that superannuation portfolio has to be 5%. It can be a variation which equates to a combined overall 5% yield.

And remember, you don’t need to invest the whole sum in one go. Start with a monthly investment and let compounding do some of the hard work for you.

I’d look at splitting my superannuation portfolio into different yielding stocks, across different sectors.

You could look to have around 10% of your portfolio invested in 3% yielding ASX shares, 20% into 4% yielding, 35% into 5% yielding, 25% into 6% yielding, and 10% into 7% yielding. Overall, this would give a total overall portfolio yield of just over 5%.

Alternatively, you could split it down far more simply and allocate 20% equally to 2%, 3%, 4%, 5%, and 11% yielding shares. Again, overall, this would total a 5% yield and you’d benefit from a range of exposures.

The post How much superannuation do I need to earn $10,000 per month in passive income? appeared first on The Motley Fool Australia.

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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.

The PEXA Group Ltd (ASX: PXA) share price will in focus on Wednesday after the company updated investors on its response to IPART’s draft report into ELNO service fees.

Key highlights include confirmation of 4.2 million Australian Exchange transaction volumes for FY26 and expectations for a fall in volumes in FY27 due to macroeconomic conditions.

What did PEXA Group report?

• PEXA recorded 4.2 million Exchange transaction volumes in FY26, comprising 2.67 million transfers, 0.97 million refinances, and 0.55 million other transactions.
• July 2026 transfer volumes reached approximately 192,000.
• PEXA has not yet confirmed its FY26 financial results or FY27 guidance; these are due to be released on 28 August 2026.
• PEXA expects transaction volumes to decline in FY27 as a result of recent macroeconomic changes.

What else do investors need to know?

PEXA has formally lodged its submission in response to the Independent Pricing and Regulatory Tribunal (IPART)’s draft report on ELNO service fees. This response includes several independent expert reports commissioned by PEXA, offering alternative methodologies for assessing digital platform service fees and rates of return.

The outcome of the IPART review could impact how electronic lodgment service fees are set in future, with the NSW Government expected to receive the final report by the end of September 2026. Once received, the report will be referred to ARNECC, which will conduct additional consultations and determine next steps—a process that may take several months.

What’s next for PEXA Group?

PEXA will release its full FY26 results and provide guidance for FY27 on 28 August 2026. Management also plans to discuss the ongoing review of ELNO service fees and other strategic priorities on its investor call. The company’s volume outlook remains cautious into FY27 as it navigates macroeconomic headwinds and regulatory changes.

Longer term, PEXA continues its strategy of expanding its digital property settlement platform both domestically and in the UK, building on recent launches and capabilities.

PEXA Group share price snapshot

The PEXA Group share price has been among the worst performers on the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a decline of around 50%.

View Original Announcement

The post PEXA Group updates market on FY26 volumes and responds to fee review appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro 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. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

It was a bumpy, but ultimately negative Tuesday session for the S&P/ASX 200 Index (ASX: XJO) and many ASX shares today. After spending almost the entire session in green territory, investors seemed to get cold feet in the late afternoon. By the time the markets closed, the ASX 200 had choked, closing 0.035% lower. That leaves the index at a flat 9,070 points.

It seems the weekend wasn’t enough to bring some optimism to investors’ minds, with the ASX 200 opening sharply lower this morning and staying in red territory all day. By the time trading wrapped up, the index had lost 0.46% and finished at 9,073.2 points.

This miserly finish for the Australian markets this Tuesday followed a rough start to the American trading week on Wall Street last night (our time).

The Dow Jones Industrial Average Index (DJX: .DJI) was not feeling Monday-fresh, dropping 0.51%.

The tech-heavy Nasdaq Composite Index (NASDAQ: .IXIC) fared slightly better, but still fell 0.32%.

But let’s get back to our local markets now and take stock of what the various ASX sectors were up to this session.

Winners and losers

With the market’s falls, there were unsurprisingly more red sectors than green ones today.

Leading those red sectors were gold stocks. The All Ordinaries Gold Index (ASX: XGD) had a rough one, cratering by 1.57%.

Communications shares weren’t popular either, with the S&P/ASX 200 Communication Services Index (ASX: XTJ) plunging 1.26%.

We could say the same for consumer staples stocks. The S&P/ASX 200 Consumer Staples Index (ASX: XSJ) saw a 1.16% dive this session.

Financial shares weren’t much better, evident from the S&P/ASX 200 Financials Index (ASX: XFJ)’s 1.1% wipeout.

Consumer discretionary stocks came next. The S&P/ASX 200 Consumer Discretionary Index (ASX: XDJ) suffered a 1.03% reduction this Tuesday.

Tech shares were right behind that, with the S&P/ASX 200 Information Technology Index (ASX: XIJ) dipping 1.02%.

Industrial stocks had a day to forget, too. The S&P/ASX 200 Industrials Index (ASX: XNJ) endured a 0.75% dip today.

Let’s turn to the winners now. Leading the charge were healthcare shares, illustrated by the S&P/ASX 200 Healthcare Index (ASX: XHJ)’s whopping 7.81% surge. We can thank CSL Ltd (ASX: CSL) for that.

Energy stocks enjoyed some time in the sun too. The S&P/ASX 200 Energy Index (ASX: XEJ) jumped up 0.99% today.

Utilities shares also got a reprieve, with the S&P/ASX 200 Utilities Index (ASX: XUJ) advancing 0.89%.

Mining stocks were another safe haven. The S&P/ASX 200 Materials Index (ASX: XMJ) rose 0.15% by the closing bell.

Finally, real estate investment trusts (REITs) got in under the wire, as you can see by the S&P/ASX 200 A-REIT Index (ASX: XPJ)’s 0.05% inch higher.

Top 10 ASX 200 shares countdown

Our winner this session was manufacturing stock Reliance Worldwide Corporation Ltd (ASX: RWC).

Reliance shares exploded 24.65% higher today to close at $4.50 each. This came after the company posted its latest earnings, which included the revelation that it had received a takeover offer.

Here’s how the other winners pulled up at the kerb:

ASX-listed company	Share price	Price change
Reliance Worldwide Corporation Ltd (ASX: RWC)	$4.50	24.65%
CSL Ltd (ASX: CSL)	$157.82	17.25%
Judo Capital Holdings Ltd (ASX: JDO)	$1.07	16.94%
Pro Medicus Ltd (ASX: PME)	$196.75	11.88%
SRG Global Ltd (ASX: SRG)	$3.96	9.39%
A2 Milk Company Ltd (ASX: A2M)	$7.09	8.58%
Cochlear Ltd (ASX: COH)	$10.32	6.50%
Challenger Ltd (ASX: CGF)	$10.32	6.50%
Beach Energy Ltd (ASX: BPT)	$0.905	3.43%
Deterra Royalties Ltd (ASX: DRR)	$4.35	3.08%

Our top 10 shares countdown is a recurring end-of-day summary that shows which companies made big moves on the day. Check in at Fool.com.au after the weekday market closes to see which stocks make the countdown.

The post Here are the top 10 ASX 200 shares today appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has positions in CSL. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL and Cochlear. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended Pro Medicus. The Motley Fool Australia has recommended CSL, Challenger, Cochlear, Pro Medicus, and Srg Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.