An $800,000 superannuation balance sounds like a substantial amount of money.

But retirement could last for 20 or 30 years, and that money may need to cover everything from everyday expenses to travel and unexpected costs.

So, could $800,000 really be enough for a comfortable retirement?

What does a comfortable retirement cost?

One place I would start is the Association of Superannuation Funds of Australia’s Retirement Standard.

ASFA estimates that a single homeowner aged 65 to 84 needs roughly $56,000 a year for a comfortable retirement, while a couple needs around $79,000.

That budget is designed to cover more than the basics. It allows for things such as private health insurance, leisure activities, eating out, maintaining a car, household repairs, and occasional travel.

Of course, everyone’s spending will look different. Someone who enjoys frequent overseas trips with Qantas Airways Ltd (ASX: QAN) may want considerably more, while another retiree with relatively modest expenses could live comfortably on less.

How does $800,000 compare?

This is where I think an $800,000 balance starts to look encouraging.

ASFA estimates that a single homeowner retiring at age 67 needs around $630,000 in superannuation to fund a comfortable retirement. For a couple, the estimated combined balance is around $730,000.

On those benchmarks, $800,000 sits above both figures.

Importantly, those calculations do not assume someone simply lives off the investment income and leaves the original capital untouched forever.

Retirement savings are there to be used. ASFA’s modelling assumes retirees gradually draw down their superannuation and may also receive some Age Pension support as their balance declines.

That means an $800,000 balance does not necessarily need to produce the entire annual spending requirement through dividends or interest alone.

I would still keep investing

If I retired with $800,000, I would not suddenly move the whole balance into cash.

Retirement could still last 20 or 30 years, and inflation will continue increasing the cost of living throughout that period.

I would therefore want part of the portfolio invested in growth assets such as Australian and international shares or exchange-traded funds (ETFs).

The aim would be for investment returns to help replace some of the money being withdrawn and give the balance a better chance of supporting rising expenses over time.

I would also keep some more defensive assets available so I was not forced to sell shares after a major market fall.

That balance between growth and stability would become increasingly important once the portfolio was funding my lifestyle.

There are some important assumptions

Whether $800,000 is enough would depend heavily on personal circumstances.

Owning a home outright makes a substantial difference. A retiree still paying rent or a mortgage would generally need considerably more income.

Retirement age also matters. Someone stopping work at 60 needs their savings to support more years than someone retiring at 67.

Health costs, travel plans, family support, and other major expenses could also change the amount required.

For that reason, I would treat the $800,000 figure as part of the retirement plan rather than the whole plan.

Foolish takeaway

I think $800,000 in superannuation could provide a comfortable retirement for many Australians, particularly homeowners retiring around the traditional retirement age.

It is already above ASFA’s current comfortable retirement benchmarks for both singles and couples.

For me, the key would be making sure the money remained invested sensibly, withdrawals were sustainable, and there was enough flexibility to deal with whatever the next few decades brought.

The post Could I retire comfortably with $800,000 in superannuation? appeared first on The Motley Fool Australia.

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Motley Fool contributor Grace Alvino 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.

It has already been a huge year for Santos Ltd (ASX: STO) shares.

The Santos share price is down 1.72% to $8.58 at the time of writing, but the stock is still up almost 40% since the start of 2026.

Just yesterday, it traded as high as $8.75, a level not seen since late 2014.

Yes, buying after a run like that can feel uncomfortable. Nobody wants to turn up after most of the gains have already been made.

But despite the much higher share price, I’d still be happy buying Santos today.

Here’s why.

Production is about to step up

The biggest reason is that Santos is entering a very different stage of its growth phase.

After years of heavy spending, major projects such as Pikka in Alaska and Barossa are now producing and ramping up.

Pikka achieved first oil in May and has already reached around 40,000 barrels of gross production per day.

Santos is targeting roughly 80,000 barrels per day by the end of the third quarter.

Barossa is starting to contribute as well, giving the company another source of production growth.

Santos expects second-half production to be around 20% to 30% higher than the first half.

And that’s the part I really like.

The company has already done much of the expensive work.

Investors should now start to see greater benefits from those projects, including higher production and stronger cash flow.

The next project is already lined up

Pikka and Barossa aren’t the end of it either.

Santos recently agreed to increase its interest in the Papua LNG project by an additional 3.3% for approximately US$189 million.

That gives the company another sizeable growth project beyond those already contributing.

Papua LNG is still further down the track, but it adds another potential production source without Santos having to rely too heavily on Pikka and Barossa.

The company also has operations across Australia, Papua New Guinea and the United States, which gives it a decent spread of assets.

And with oil prices above US$100 a barrel, Santos is getting some help from higher energy prices as well.

Would I worry about the valuation?

TipRanks shows 9 ranked analysts covering Santos, with 7 buys and 2 holds.

The average 12-month price target is $8.64, which is nearly identical to the current share price.

But there are more bullish targets out there.

Bernstein sits at $10.10, while Citi has a $9.35 target and Macquarie recently lifted its target to $9.25.

So, I wouldn’t buy Santos expecting another 40% gain in the next few months.

My interest is more about what the business could look like over the next few years.

The post Santos shares are up 40% in 2026. Here’s why I’d still buy them today appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras 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.

Commonwealth Bank of Australia (ASX: CBA) shares have tumbled further into the red in Tuesday’s trade.

At the time of writing, the shares are down by around another 1% and changing hands at $153 each. 

The latest decrease means the banking giant has now shed around 12% since it posted its FY26 results in mid-August. The shares are also now down around 5% year to date and 9% lower than 12 months ago.

Why are CBA shares still falling?

It’s been a tough month for ASX bank shares across the board as investor confidence continues to take a beating.

Growing concerns about higher-than-expected inflation, the prospect of further interest rate hikes, and fears of a rising cost of living have led many investors to shy away from ASX shares recently.

And all this came against a backdrop of falling mortgage demand, a weakening housing market, and tight competition squeezing margins.

The bank’s FY26 results, which it posted in mid-August, didn’t help spark investor confidence.

CBA posted a 7% increase in cash NPAT and an 8% increase in statutory NPAT. Operating income also increased by 6.2%. The bank announced a $2.70-per-share fully franked final dividend and a fully franked full-year dividend of $5.05, up 20 cents.

On a positive note, CBA said it is the first time it has reported growth at or above system in each of its five core domestic product categories: home lending, business lending, consumer finance, household deposits, and business deposits.

But going forward, CBA flagged a cautious outlook, with softer household spending and slower economic growth. This raised concerns about the bank’s earnings strength and its already-high valuation amid a weakening market.

Now the question is, are CBA shares approaching the bottom? Or is there more downside ahead?

Are the shares a buy, sell or hold now?

CBA shares have finally made their long-awaited correction, but I don’t think the end is in sight yet.

Market Index data shows all brokers still have a strong sell rating on the shares. The $125.20 average target price implies the shares could fall another 19% over the next 12 months, at the time of writing.

On TradingView data, the majority (14 out of 16) have a sell/strong sell rating on CBA. The average $127.86 target price implies a potential 16% downside, and the minimum $90 suggests the shares could fall another 41%, at the time of writing.

Shaw and Partners has named the Big Four bank as an ASX share to sell this week. The broker highlights that CBA shares continue to trade at a significant premium to peers despite its subdued earnings growth outlook and warns that there is limited scope for further earnings-driven upside.

Medallion Financial Group’s Stuart Bromley also has a sell recommendation on CBA shares. He agrees that the bank’s valuation is strengthened and that better valuation opportunities exist elsewhere. 

The post Down 12%: Are CBA shares a buy, sell or hold now? 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.