Category: Stock Market

It’s a strong start to the week for this ASX gold stock.

Greatland Resources Ltd (ASX: GGP) raced 10.45% higher to $10.78 during Monday morning trade, grabbing investor attention in a big way.

That’s a welcome turnaround after a tough month that saw the share price slide 20% — although zooming out, it’s still up an impressive 46% over the past year.

So, what’s driving the surge?

Major resource upgrade

The answer lies in a major resource upgrade that has lit a fire under the stock.

Greatland revealed a 150% increase in Telfer’s gold Mineral Resources to 8.0 million ounces. Even more eye-catching, the combined Telfer and Havieron resources now sit at a massive 14.9 million ounces of gold and 645,000 tonnes of copper.

This updated December 2025 Group Mineral Resource Estimate reflects a period of rapid growth, fuelled by extensive drilling since the last update. The company has been pushing hard to expand its resource base — and today’s numbers suggest that strategy is paying off.

Importantly, the $6.5 billion ASX gold stock also continues to advance the Telfer operation itself. A strong drilling pipeline and the addition of high-grade underground resources are helping to build momentum.

Improving ore reserves

There’s another key detail investors are getting excited about. The upgrade includes a significant lift in Measured and Indicated Resources — the higher-confidence categories.

That matters because it improves the ASX gold stock’s ability to convert resources into ore reserves, which are critical for long-term mine planning and production visibility.

On top of that, updated cost and revenue assumptions — based on 2025 actuals and conservative commodity price forecasts — point to a solid economic foundation for the project.

Managing Director Shaun Day didn’t hold back on the outlook:

Telfer and Havieron’s combined resource of 550Mt @ 0.84g/t Au & 0.12% Cu for 14.9Moz Au & 645Kt Cu has the potential to underpin a multi-decade, world class mining hub. Our investment in significantly increased drilling has delivered substantial organic growth, with the overall Telfer resource growing by 150% to 8.0Moz, and the higher confidence Measured and Indicated component by 163% to 3.8Moz.

So what’s next?

Greatland isn’t slowing down. Following the substantial increase in both total resources and confidence levels, the company is now targeting an updated Telfer Ore Reserve Estimate in the June 2026 quarter. That could be another key catalyst.

At the same time, focus is shifting to higher-grade zones like the West Dome Underground and Main Dome sub-level cave, which could enhance project economics even further.

And there’s more to come. A record drilling program is set to continue through the second half of FY26 and into FY27, with the aim of growing and upgrading resources even further.

ASX gold stock snapshot

Looking at the bigger picture, Greatland has been a standout performer. Over the past 12 months, the ASX gold stock has risen 46%, comfortably beating the S&P/ASX 200 Index (ASX: XJO), which is up around 9% over the same period.

Today’s surge shows just how quickly sentiment can shift — especially when a miner delivers a blockbuster resource upgrade.

The post Why is this ASX gold stock storming 10% higher today? appeared first on The Motley Fool Australia.

More reading

• Greatland Resources delivers major resource upgrade at Telfer
• ASX 200 mining shares rebound after March sell-off creates opportunities
• Here are the top 10 ASX 200 shares today
• ASX gold shares down 31% since war began: What should you do?
• Up 84% since August, should you buy this $6 billion ASX 200 gold stock today?

Motley Fool contributor Marc Van Dinther 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.

Terramin Australia Ltd (ASX: TZN) shares have jumped after the company released a revised mining plan for its Tala Hamza zinc project in Algeria.

Large, long-term project

The company said in a statement to the ASX on Monday that the revised plan envisaged a 20-year mine life at a production rate of 2 million tonnes of ore per year, producing about 178,000 tonnes of zinc concentrate.

The mine is expected to cost US$415 million to build, with Terramin saying the operating costs were competitive by world standards.

Early works were already underway, with all of the relevant approvals in place, including the mining permit, the company said

Terramin said the most significant change to its mining plans from a previous definitive feasibility study was the increase in the mining rate from 1.32 million tonnes of ore per year to 2 million.

The company also said negotiations were at an advanced stage with respect to the establishment of a “significant debt facility” with a major Algerian Government bank.

The Tala Hamza project had also been registered with the Algerian Investment Promotion Agency, which will provide benefits such as an exemption from corporate tax for up to 7 years, an exemption from sales tax and customs duties during construction, and access to concessional financing support.

Terramin Executive Chair Bruce Sheng said regarding the project:

The updated Mining Study confirms the strong economics of a significantly expanded Tala Hamza Zinc Project, now scaled to 2.0 mtpa throughput. With all major approvals secured and early works already underway, the Project is firmly advancing into development. Tala Hamza benefits from exceptional infrastructure, including close proximity to a deep-water port, reliable and affordable power, and access to a skilled local workforce, positioning it as one of the most compelling zinc-lead development opportunities globally. We are grateful for the continued support of the Algerian Government and our local partners, who remain instrumental in bringing this nationally significant project to life.

Solid cash flow generator

The Tala Hamza project was expected to have a payback period of about four years, and at a mining rate of 2 million tonnes per year, was expected to generate free cash flow of US$2.19 billion.

Terramin shares were 12.9% higher after the release of the news on Monday, at 3.5 cents.

This is not far off the 12-month lows for the shares of 2.5 cents and well shy of the year-high of 7.8 cents.

The company was valued at $74 million at the close of trade on Friday.

The post Which junior ASX mining company’s shares are surging on positive news? appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England 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.

AMP Ltd (ASX: AMP) shares are starting the week with a bang.

In early trade on Monday, the financial services company’s shares are up 4% to $1.30.

This compares favourably to the S&P/ASX 200 Index (ASX: XJO), which is having a tough start to the week following a selloff on Wall Street on Friday.

The benchmark index is currently down 1.4%.

Why are AMP shares outperforming?

AMP shares are outperforming on Monday after the company sneaked out a positive announcement after the market close on Friday.

That announcement revealed that the company will undertake an on-market share buyback of up to $150 million of ordinary AMP shares.

According to the release, the relevant regulatory approvals have been granted for the buyback, which is expected to commence following release of AMP’s first quarter update. That is scheduled to be released to the market next month on 16 April.

AMP notes that the buyback will not exceed 10% of issued capital over a 12-month period. As a result, shareholder approval is not necessary.

AMP’s chief executive, Alexis George, revealed that the decision to return this capital to shareholders was due to the absence of a compelling alternative. She believes it is the most efficient use of capital. George said:

We remain committed to returning surplus capital to shareholders in the absence of a compelling alternative, and prioritising organic growth in our wealth businesses. Today’s announcement demonstrates this, with an on-market share buyback the most efficient use of capital at this time.

Given that AMP shares are down heavily from their highs, it is hard to argue against this being a good use of capital.

Should you invest?

Analysts are largely very bullish on AMP shares at current levels.

According to a note out of Ord Minnett from last week, it has put a buy rating and $1.65 price target on its shares.

Elsewhere, Morgans Stanley has an overweight rating and loftier $1.90 price target on them.

Macquarie and Citi are bullish with an outperform rating and buy rating together with $1.80 price targets.

Finally, UBS is also positive on AMP and has a buy rating and $1.75 price target on its shares.

All in all, the broker community appears convinced that its shares will be heading meaningfully higher over the next 12 months.

The post AMP shares charge higher on Monday despite market selloff: What’s going on? appeared first on The Motley Fool Australia.

More reading

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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.

One of the best things about investing in the stock market is that we can find great passive income. I think there are great ASX dividend shares that have very high dividend yields.

Businesses with high dividend yields aren’t necessarily the best choice because those payouts could be at risk of reduction.

The following businesses have a track record of giving shareholders regular dividend increases.

Future Generation Australia Ltd (ASX: FGX)

This is a listed investment company (LIC) that enables investors to gain exposure to a portfolio of fund managers’ funds who work for free and generally target smaller companies with plenty of growth potential.

These fund managers work for free to enable Future Generation Australia to donate 1% of its net assets each year to youth charities.

Some of the fund managers involved include Paradice, L1 Group Ltd (ASX: L1G), Vinva, Firetrail, Wilson Asset Management and Eley Griffiths.

Future Generation Australia has been using some of the investment profits it has made to pay out a growing dividend. It has increased its payout every year for the last decade – not many ASX dividend shares can point to a record like that.

The latest annual dividend it announced was 7.2 cents per share, representing a grossed-up dividend yield of 7.9% at the time of writing, including franking credits.

Impressively, the ASX dividend share has donated $49 million since its inception, which is an excellent initiative.

Shaver Shop Group Ltd (ASX: SSG)

Shaver Shop is one of the leaders in Australia in the retail of shaving products. It has 126 stores across Australia and New Zealand.

Its core product range comprises electric shavers, clippers, trimmers and wet shave items It also retails products such as oral care, hair care, massage, air treatment and beauty categories.

Pleasingly, the business has increased annual dividend per share every year since 2017 aside from FY24 when it maintained the payout.

The last two dividends paid by the business come to 10.3 cents per share. At the time of writing, Shaver Shop offers a grossed-up dividend yield of 10.9%, including franking credits.

Shaver Shop is pursuing a few different growth avenues including opening more stores across Australia and New Zealand, it’s growing its own brand (Transform-U), and it’s working with shaving brands to offer exclusive products.

I think this ASX dividend share is one of the best options for a dividend yield of more than 10% with its track record.

The post 2 ASX dividend shares with yields above 7% appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Future Generation Australia. 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 recommended Shaver Shop Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Catapult Group International Ltd (ASX: CAT) share price is in focus as the company outlines its path to growing average annual contract value (ACV) per professional team, targeting a significant lift through upselling, cross-selling, and new solutions.

What did Catapult Group report?

• The company is targeting a rise in average ACV per pro team from US$20,000 to between US$100,000 and US$150,000.
• Emphasis is on new customer wins (“land with P&H”), and expanding with upsell features and fresh solutions.
• The information presented is for illustration and not a current or forecasted performance statement.
• Share-based payment expenses related to the IMPECT acquisition are scheduled over four years, with expense levels dependent on share price and performance milestones.

What else do investors need to know?

Catapult’s future revenue uplift will depend on successful upselling to existing teams and launching additional products. The share-based payment schedule linked to the IMPECT acquisition will vary according to the company’s share price and satisfaction of earn-out requirements, so related expenses may fluctuate over the coming years.

While the metrics presented are not audited results or formal forecasts, they do show management’s thinking on scaling customer value and growing recurring revenues. Investors should note the absence of current-period financials or forward guidance in this update.

What’s next for Catapult Group?

Catapult appears focused on boosting the value it provides to professional sports teams by promoting broader usage of its offerings. The company’s strategy revolves around converting initial contracts into higher-value, multi-solution partnerships.

Looking ahead, Catapult investors will likely watch for the release of official financial results, details on the progress of upselling initiatives, and updates on new product launches.

Catapult Group share price snapshot

Over the past 12 months, Catapult Group shares have declined 11%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 7% over the same period.

View Original Announcement

The post Catapult Group targets bigger ACV per team appeared first on The Motley Fool Australia.

More reading

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Motley Fool contributor Laura Stewart 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 Catapult Sports. The Motley Fool Australia has positions in and has recommended Catapult Sports. 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.

The Webjet Group (ASX: WJL) share price is leaping higher today.

Shares in the All Ordinaries Index (ASX: XAO) travel agency closed Friday trading for 52.5 cents. In morning trade on Monday, shares are changing hands for 55 cents apiece, up 4.8%.

For some context, the All Ords is down 0.9% at this same time.

As you’re likely aware, Webjet first listed as an independent entity on the ASX in September 2024. That followed its spin-off from Web Travel Group Ltd (ASX: WEB).

Since listing, the Webjet share price has experienced some steep ups and downs, with 2026 seeing shares take another sharp fall, down 37.5% since 2 January.

Today, investors learned that the company will be searching for new leadership.

Webjet share price gains on CEO departure

Investors are bidding up the Webjet share price today after the company announced that CEO and managing director Katrina Barry has resigned from her position.

Barry took the reins as CEO at Webjet in June 2024 in the lead-up to its demerger from Web Travel.

Webjet said that Barry will remain aboard until May to support the transition to new leadership and help manage the full-year results release.

The board said it will now launch a search process for her successor.

What did management say?

“Katrina led the business during the successful demerger and ASX listing of the group’s B2C business to become Webjet Group,” Webjet chairman Don Clarke said about the changing of the guard that’s looking to help boost the Webjet share price today.

“She then developed a new five-year strategic roadmap for the group and focused on the upgrade of the company’s brand, marketing, and technology capabilities”, he added.

Commenting on her time as CEO of Webjet, Barry said:

Over the past 21 months, we have made remarkable progress: setting a new five-year strategy and growth plan for the group, revitalising the iconic OTA brand and marketing strategy, driving profitability in the New Zealand business units, initiating evolution and enhancement of the technology and business travel platforms, and uplifting leadership capability.

How could the Middle East conflict impact the Webjet share price?

Turning to potential travel disruptions caused by the war in Iran, management noted:

While global uncertainty continues to influence travel behaviour, demand to date has remained resilient, with travellers increasingly favouring domestic and short-haul destinations across Asia and the Pacific.

The Webjet share price looks to be catching tailwinds with the company reaffirming its full-year FY 2026 guidance of underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) in the range of $28 million to $29 million. That excludes the Webjet Business Travel segment, which is expected to reduce underlying EBITDA by $600,000 to $900,000 in the second half of FY 2026.

The post Webjet share price lifting off on CEO bombshell appeared first on The Motley Fool Australia.

More reading

• Catapult Group targets bigger ACV per team
• 2 excellent ASX All Ords stocks I’d buy today
• Why are DroneShield shares trading higher today?
• Why experts think this ASX bank share can rise 58% in a year!
• Average superannuation balances at age 50, 60 and 70, versus what you actually need

Motley Fool contributor Bernd Struben 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 All Ordinaries (ASX: XAO), or ASX All Ords, stock space is a great area of the market to look for opportunities right now because of the volatility and much lower share prices.

Small businesses can be just as good of an investment as a large business, perhaps an even better one, mainly due to their long-term earnings growth potential.

I’m optimistic that the following businesses have a very positive future.

Propel Funeral Partners Ltd (ASX: PFP)

Propel is one of the largest operators of funerals and crematoria in Australia and New Zealand.

It’s a morbid industry, but it’s an important one for society. Sadly, the sector does see a certain level of demand each year. As the saying goes, there are two things certain in life – death and taxes.

Due to Australia’s growing and ageing population, the number of deaths per year is expected to grow in the coming years, which gives the business ultra-long-term tailwinds.

Death volumes are expected to increase by an average of 2.9% between 2026 to 2035 and then grow by a further 2.4% from 2036 to 2045. New Zealand is also expected to long-term growth, though not quite as strong.

Inflation is another useful boost for the ASX All Ords stock’s revenue because it helps boost the average revenue per funeral. Propel Funeral Partners reported that its compound annual growth rate (CAGR) has been 2.8% since FY15, though it was faster during the inflationary period earlier this decade.

I think this company’s net profit can steadily grow over the long-term, making the recent decline an appealing time to buy, in my view.

Siteminder Ltd (ASX: SDR)

Siteminder is another ASX All Ords stock that I’m bullish about over the long-term because of its growth rate and plans for the future.

The business provides software to hotels around the world to help them run their operations and generate more revenue for their rooms over the course of a year.

The ASX All Ords stock has a goal of growing its revenue by 30% per year, which is a tremendous rate of compounding if it can achieve that goal. The business is offering new modules to clients to help them be even better at generating revenue from the software (such as analysis of data), including an offering that enables Siteminder to automatically adjust room prices for the hotel.

The company is currently growing revenue at a growth rate that’s in mid-20% range and I think the market is underestimating at how much it could grow in the next few years.

Additionally, the company’s operating profit (EBITDA) margins and cash flow margins are growing, particularly as it is now generating positive figures in those two areas (it has been in the minus but improving in previous years).

With the Siteminder share price down more than 60% in the past six months, I think this is a great time to invest.

The post 2 excellent ASX All Ords stocks I’d buy today appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Propel Funeral Partners and SiteMinder. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended SiteMinder. The Motley Fool Australia has positions in and has recommended SiteMinder. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

DroneShield Ltd (ASX: DRO) shares are trading higher after the company announced that it had opened its new European headquarters in Amsterdam.

The company said the headquarters signified its commitment to the European region which was among its fastest-growing markets, “and provides a strengthened operational presence to support its expanding footprint across EU and NATO-aligned markets”.

Servicing a key market

DroneShield said the new headquarters would serve as the operational base for its EU Centre of Excellence, and aligned the company with the EU’s ReArm Europe Plan/Readiness 2030 initiative, “which seeks to boost military spending, strengthen industrial sovereignty, and accelerate support for Ukraine”.

The company added:

It further builds on DroneShield’s newly established European manufacturing footprint to advance sovereign counter-UAS capability, which marks a major expansion of the Company’s European industrial footprint and manufacturing capacity.

The new headquarters will be led by Louis Gamarra, who was promoted to the position of Chief Commercial Officer earlier this year.

The company said:

Mr Gamarra will oversee the continued growth of DroneShield’s commercial and operational functions across Europe, including the expansion of a dedicated in-region team. The Company’s European footprint now comprises of around a dozen staff, and benefits from a multilingual team proficient in English, German, French, Dutch, Spanish, and Scandinavian languages (Danish, Swedish, and Norwegian). The team will continue to work alongside DroneShield’s robust network of European resellers, while also growing internal operations functions to support delivery to customers. The newly established European headquarters will ensure that customers receive not just leading-edge capability, but also more efficient support and deployment.

DroneShield said that in 2025, Europe was its best-performing market, accounting for $98 million in revenue and 45% of total revenue.

The company added:

As of February 2026, DroneShield has a regional pipeline valued at $1.2 billion. Geopolitical pressures, such as the Iranian conflict, ongoing war in Ukraine and repeated Russian drone incursions, continue to drive demand for deployed counter-UAS solutions across Europe and the Middle East.

Mr Gamarra said regarding the opening:

DroneShield’s investment in Benelux marks a major milestone that strengthens our ability to support frontline users, procurement agencies and industry partners across Europe. With increasing demand for counter-drone solutions across the region, our new European headquarters will allow us to deliver faster, more localised support to our EU partners. We’re proud to be investing in local talent and infrastructure to meet the growing security needs across Europe.

DroneShield shares were 1.8% higher in early trade on Monday at $3.94. Bell Potter has a $4.80 price target on the stock.

The company was valued at $3.58 billion at the close of trade on Friday.

The post Why are DroneShield shares trading higher today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England 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 DroneShield and is short shares of DroneShield. 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 ASX bank share Judo Capital Holdings Ltd (ASX: JDO) could be one of the most exciting names to own in the sector, according to expert views.

After a rapid fall of the Judo share price over the last couple of months, as the chart below shows, this could be a contrarian and effective time to invest.

How bullish are analysts?

There have been seven top analysts who have given an opinion on Judo shares in the last three months, according to CMC Invest.

Of those seven ratings, all seven of them currently rate the ASX bank share as a buy.

A price target tells investors where experts think the share price will be in the next 12 months.

The average price target for those seven optimistic analyst views is $2.28, suggesting a possible 58% rise in the next year (at the time of writing).

That’s just an average view of all the analysts – the lowest price target is $2.05, which suggests a possible rise of 42%. The most optimistic price target is $2.50, implying a potential 73% increase in the next year.

How fast is the ASX bank share growing?

The business is rapidly growing, which could help justify the Judo share price rise in the coming years, though volatility could persist in the short term.

In the first six months to 31 December 2025, Judo’s gross loans and acceptances (GLA) rose 15% year over year to $13.4 billion, while deposits increased 21% to $10.9 billion.

Judo highlighted that it delivered continued above-system growth, which essentially means it’s gaining market share.

The profitability of its lending, as measured by the net interest margin (NIM), grew 22 basis points (0.22%) year over year to 3.03%, though it was flat compared to the second half of FY25.

All of those positive numbers led to good, profitable growth numbers for the ASX bank share. The profit before tax (PBT) rose 53% to $86.5 million, and statutory net profit grew 46% year over year to $59.9 million.

Pleasingly, the return on equity (ROE) is regularly improving, which tells investors how much profit it’s making on the retained shareholder money within the business. A growing ROE suggests that further scaling of the business will lead to even stronger profitability at the business.

Its ROE was 5.1% in HY25, 5.5% in the second half of FY25, and 6.9% in the first half of FY26.

For FY26, the business is aiming for a PBT of between $180 million and $190 million, suggesting another good year of profit growth for the bank.

Further profit improvement is expected by the business as it reaches ‘at scale’ – ROE is expected to reach low to mid-teen ROE, while its cost-to-income (CTI) ratio is expected to improve from less than 50% in FY26 to “approaching 30%” in the long term.

Overall, the ASX bank share has a very promising future, and it could be one to watch.

The post Why experts think this ASX bank share can rise 58% in a year! appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison 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.

Your 50s are a critical point when you need to start fine-tuning your retirement strategy. You need to focus your attention to paying off debts, paying off your mortgage, and maximising your superannuation.

By age 60 you need to have a plan in place. Perhaps you want to retire in a few years time? Or perhaps you’re happy to work (even just part-time) into your 70s?

Here’s a breakdown of how much superannuation the average Aussie has saved by age 50, 60 and 70. 

And then a breakdown of how much you actually need at each of those ages to be able to live a comfortable retirement lifestyle. Because the numbers aren’t the same.

What is the average superannuation balance at age 50?

According to data from the Association of Superannuation Funds (ASFA), the average superannuation balance for a 50 to 54 year old male is $254.071, and for a female it’s $190,175.

What is the average superannuation balance at age 60?

For the 60 to 64 year olds, the average superannuation balance is $395,852 for men and $313,360 for women.

What is the average superannuation balance at age 70?

For 70 to 74 year olds, the average superannuation balance is $501,785 for men and $449,540 for women.

How do those figures compare to what I actually need at age 50, 60 and 70?

Even if you’re on track with the average Australian and their superannuation balance, it doesn’t necessarily mean you have enough to live a comfortable retirement when the time comes. 

The problem is that compulsory employer superannuation contributions aren’t enough. 

The Super Guarantee helps Aussies build savings for retirement, but it will never be able to fund the lifestyle that they want. This is especially the case while the cost of living continues to accelerate.

At the same time, many Australians think that because their superannuation is invested in a diversified portfolio, which is often benchmarked to broad market indices like the S&P/ASX 200 Index (ASX: XJO), it’ll look after itself.

According to ASFA data, a comfortable retirement is expected to cost approximately $54,840 per year for individuals and $77,375 per year for couples.

That lifestyle requires a superannuation balance of around $630,000 for a single person, or $730,000 for a couple.

In order to reach that figure, you’d need a balance of $313,500 at age 50.

And then by age 60 your balance would need to increase to $496,500.

By your late 60s to early-70s, you need to be at or close to your superannuation goal of $630,000 to $730,000 (for a couple) if you want to retire comfortably.

The post Average superannuation balances at age 50, 60 and 70, versus what you actually need 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.