It was a busy week for Australia’s top brokers. This has led to a number of broker notes being released. 

Three broker buy ratings that you might want to know more about are summarised below. Here’s why brokers think these ASX shares are in the buy zone:

BHP Group Ltd (ASX: BHP)

According to a note out of Morgan Stanley, its analysts have retained their overweight rating and $67.50 price target on this mining giant’s shares. The broker believes that recent weakness, which has been caused by profit-taking following a very strong run, has created a buying opportunity for investors. Morgan Stanley is particularly positive on copper, which it believes could underpin strong earnings. The BHP share price ended the week at $58.28.

Goodman Group (ASX: GMG)

A note out of Citi reveals that its analysts have retained their buy rating and $40.00 price target on this industrial property company’s shares. Citi believes there’s a chance that Goodman could upgrade its earnings guidance, which currently points to 9% growth, ahead of its FY 2026 results in August. Looking further ahead, the broker highlights that Goodman is negotiating a number of leases for key assets around the globe. It suspects that this could support a series of upgrades to its FY 2027 guidance as the year progresses. Outside this, Citi remains positive on the company largely due to its data centre pipeline and strong logistics portfolio. The Goodman share price was fetching $29.97 at Friday’s close.

Zip Co Ltd (ASX: ZIP)

Analysts at UBS have retained their buy rating on this buy now pay later provider’s shares with an improved price target of $4.10. According to the note, the broker has been pleased to see that US consumer spending has been resilient despite global uncertainty. In light of this, UBS believes that Zip could have a strong finish to FY 2026, with robust transaction growth in the key US market. Combined with recent facility refinancing, the broker believes Zip is well-positioned to continue its strong financial performance for the foreseeable future. The Zip share price ended the week at $3.13.

The post Top brokers name 3 ASX shares to buy next week appeared first on The Motley Fool Australia.

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Citigroup is an advertising partner of Motley Fool Money. Motley Fool contributor James Mickleboro has positions in Goodman Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goodman Group. The Motley Fool Australia has recommended BHP Group and Goodman Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

At the age of 62, your superannuation should be a priority.

After all, by this point, you can retire whenever you’re ready.

At age 62, Australians have passed their preservation age (60 years old) so they can access their super whenever they like.

They’re also just three years from the average retirement age (65 years old), and five years from receiving the Age Pension if eligible (67 years old).

The most important thing to work out before you retire is whether your superannuation balance is enough to fund the retirement lifestyle you want to live.

So, you want to retire comfortably at age 62? First, let’s break down what that might look like, and how much money you’ll need.

What does a comfortable retirement look like?

In Australia, retirement is generally split into two categories: a modest retirement and a comfortable one. 

A modest retirement, according to the Association of Superannuation Funds of Australia (ASFA), is defined as being able to cover expenses slightly above what the full Centrelink Age Pension would provide from age 67. 

Then, a comfortable retirement is defined as one that enables retirees to maintain a good standard of living well beyond the Age Pension. It budgets for expenses beyond a modest retirement, including top-tier private health insurance and regular leisure activities. It allocates funds for home repairs or renovations, and perhaps even an annual holiday. This is what the majority of Australians aim for.

How much does a comfortable retirement cost?

ASFA estimates that a comfortable retirement will cost roughly $55,923 per year for single Australians. For couples, the annual cost will be closer to $78,566. 

Note, however, that these figures assume you’ll receive a part of the Age Pension and that you own your home outright. It’s also expected that you have an emergency fund set aside.

Ok, so how much do I need in my superannuation by age 62 to be able to afford that?

In order to fund a modest comfortable retirement, ASFA calculates that single Australians will need around $630,000. Meanwhile, couples will need around $730,000 combined.

But there is a catch.

These figures are calculated on the assumption that you’ll access your superannuation from age 67.

They also assume you’ll need to fund around 10 years of a comfortable retirement.

So, if you’re planning to retire earlier, at age 62, you’ll need to factor in those five additional years.

I’ve done a quick calculation using ASFA’s figures to work out the sum you actually need to retire at age 62.

Singles will need to have closer to $840,000 in their superannuation. Meanwhile, couples will need a combined balance of around $1.2 million at age 62. This assumes you’ll need to fund around 15 years of retirement. 

But remember, if you don’t own your home outright, you’ll also need to consider how you’ll pay your mortgage or rent on top of your other bills and budget accordingly.

The post How much do I need in my superannuation to retire comfortably at age 62? 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.

Retirement planning can look a little less intimidating when two people are approaching it together.

Couples often have two super balances, two working histories, and the ability to share many of the largest household costs.

Even so, deciding whether there is enough money to retire comfortably is rarely as simple as adding the two balances together and hoping the result looks reassuring.

The better question is whether the combined super, other savings, and any future Age Pension payments can support the lifestyle both people expect after work.

What is the benchmark for couples?

According to the Association of Superannuation Funds of Australia, a homeowner couple needs around $730,000 in super at retirement to support a comfortable lifestyle.

That estimate assumes the couple owns their home outright and receives some Age Pension support as their savings decline over time.

A comfortable retirement is not intended to represent an extravagant lifestyle. It allows for private health insurance, a reliable car, regular leisure activities, household repairs, domestic holidays, and occasional overseas travel, while also leaving some room to deal with unexpected costs.

For couples expecting a simpler lifestyle, ASFA estimates that around $120,000 in combined super may support a modest retirement for homeowners. At that level, however, the Age Pension would be expected to provide most of the couple’s income, and there would be much less room for travel, larger purchases, or financial surprises.

Why couples do not need twice as much as singles

The comfortable retirement target for a couple is only moderately higher than the $630,000 benchmark for a single homeowner.

This may initially appear surprising, but couples can share many major expenses. They usually pay for one home, one electricity connection, one internet service, and many of the same household items that a single retiree must fund alone.

That creates an important advantage, although couples should not assume that every cost will be shared evenly. Healthcare, hobbies, travel preferences, and personal spending can still vary considerably between two people.

The shared-cost benefit also means that relationship status can have a major influence on how far a super balance stretches. A couple with $730,000 may be able to achieve a comfortable lifestyle, while a single retiree with half that amount could face a much tighter budget.

Is $730,000 enough for every couple?

The ASFA figure is a guide rather than a guarantee, and some couples will require substantially more.

Those who plan to retire early may need to fund several years before becoming eligible for the Age Pension. Couples who are still paying a mortgage, renting privately, travelling frequently, or supporting adult children may also need a larger balance.

Health can change the calculation as well. Private health insurance, dental treatment, home modifications, mobility assistance, and care costs can place additional pressure on retirement income.

Other couples may find that they need less than the benchmark because they own a low-maintenance home, have modest spending habits, or receive income from investments outside super.

Combined balances can make a major difference

One benefit of planning as a couple is that two moderate balances can create a strong combined position.

For example, two people retiring with $365,000 each would together meet the current comfortable benchmark. Neither balance looks especially large in isolation, but the household position is much stronger once they are combined.

This is why couples should review their retirement finances together rather than treating each superannuation account as a separate plan. Contribution strategies, investment risk, retirement dates, pension eligibility, and expected spending all affect the household outcome.

It may also make sense for one partner to contribute more heavily to super at certain times, particularly when there is a large difference between balances or taxable incomes. The appropriate strategy will depend on the couple’s circumstances and may be worth discussing with a qualified adviser.

The real retirement target

A couple’s retirement target should ultimately be based on expected spending rather than a single headline number.

Housing is likely to be the largest dividing line. A couple with a paid-off home and $600,000 in superannuation may feel more secure than renters with a substantially larger balance because ongoing housing costs can absorb a significant share of retirement income.

The timing of retirement matters as well. Working for an additional year or two can allow further contributions, provide more time for investment growth, and shorten the period that super needs to fund.

Foolish takeaway

A homeowner couple aiming for a comfortable retirement should currently target around $730,000 in combined superannuation, while a modest retirement may be possible with around $120,000 and substantial Age Pension support.

Those figures provide a reasonable starting point, but the right amount will depend on housing, retirement age, spending expectations, health, and other assets.

The strongest position is not necessarily having the largest possible balance. It is having enough combined income and flexibility to support the retirement that both partners have in mind.

The post How much superannuation should Australian couples have before retirement? appeared first on The Motley Fool Australia.

More reading

• Magnificent 8? Meet the US tech stock up 215% in 2026
• If I invest $10,000 in CBA shares, how much passive income will I receive in 2027?
• Here’s the dividend forecast out to 2027 for ANZ shares
• VIHY: Is Vanguard’s new ASX dividend ETF a buy for income?
• 3 ASX shares I’d buy with $5,000 this week

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.