In Australia, age 65 is the sweet spot for retirement. At this age, you can access your superannuation regardless of whether you have quit work or not. 

And you’re also only two years away from potentially also receiving an Age Pension payment.

But for many Australians, retiring at 65 means they need to turn decades of super contributions into a reliable income stream that can support them throughout retirement.

But the question is, how do you know if you have enough in your super?

Lets investigate what a comfortable retirement starting at age 65 could look like, and how much it’ll cost.

The definition of a comfortable retirement

First, it’s important to understand what a comfortable retirement actually looks like.

A comfortable retirement generally means having enough income to cover your everyday expenses while also allowing for discretionary spending such as travel, dining out, hobbies and entertainment, without having to significantly compromise your lifestyle.

Individuals and couples should be able to maintain a reasonable standard of living, perhaps afford the occasional small luxury, and still have some financial buffer for unexpected expenses.

Think top-tier private health insurance, regular leisure activities, funds for home repairs or renovations, the occasional meal out, and perhaps even an annual holiday.

How much does a comfortable retirement cost?

The Association of Superannuation Funds of Australia (ASFA) estimates that a comfortable retirement will cost around $55,923 per year for single Australians. 

A couple living together can expect to spend around $78,566 per year combined.

How much do I need in my superannuation to afford this lifestyle?

In order to fund this lifestyle level, ASFA has calculated that at age 67, single Australians will need around $630,000. 

Couples will need a combined superannuation balance closer to $730,000.

But the catch is that these figures are based on the understanding that you’ll retire at age 67, that you will only need to fund around 10 years of retirement, will be eligible to receive a part Age Pension, and you own your home in full.

So, if you want to retire at a much earlier age of 65, you’ll need to work towards a different goal to be able to fund those extra seven years.

I’ve crunched the numbers to work out the balance you’d need to quit work a couple of years earlier.

Your annual costs will be around the same: $55,923 per year for single Australians and $78,566 per year combined for a couple living together.

But, as I mentioned above, you’ll need to fund an additional seven years that ASFA figures haven’t accounted for.

At age 65, singles will need to have at around $742,000 in their superannuation. 

Meanwhile, couples will need a combined balance closer to $888,000 at the same age. 

But note, if you don’t own your home outright, you’ll also need to consider how you’ll pay your mortgage or rent.

The post How much do I need in my superannuation to retire comfortably at age 65? appeared first on The Motley Fool Australia.

More reading

• IperionX wins US Army contract to ramp up titanium production
• Tamboran Resources achieves first gas sales and robust cash position
• Kingsgate Consolidated posts record FY2026 earnings
• Praemium posts FY26 revenue growth and completes platform integration
• Black Cat Syndicate posts record FY26 earnings and profit turnaround

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 ASX dividend stock JB Hi-Fi Ltd (ASX: JBH) is one of the most underappreciated ideas out there, in my view. The electronics and appliances retailer has been sold off, but I think this is a great opportunity to invest for the long-term.

As the chart below shows, the JB Hi-Fi share price has dropped by 42% in the past year.

Not many large ASX businesses have fallen that much in a relatively short amount of time. However, I think this ASX dividend stock could be a buying opportunity for contrarian and opportunistic investors.

It pays to be optimistic

I can understand why the market is pessimistic about the short-term outlook of the business.

Higher interest rates can cause uncertainty and less spending by households. However, I don’t expect interest rates to remain this high forever, so pessimism could turn into optimism. Perhaps as early as next year.

In my view, JB Hi-Fi’s earnings are more defensive than investors are giving it credit for. Households always need appliances and also certain electronics such as phones and computers are seen as essential for living these days, whether that’s work, education, entertainment or communication.

In FY26, the ASX dividend stock reported that underlying operating profit (EBIT) grew 3.8%, while underlying earnings per share (EPS) climbed by 2.9%. With EPS of $4.48, it was able to fund an annual dividend per share of $3.37. That was despite the difficult trading conditions amid the Middle East conflict and elevated inflation and interest rates.

According to the forecast on Commsec, the business is only expected to see a slight decline of EPS to $4.46 in FY27. That translates into a forward price/earnings (P/E) ratio of just 15, which I think is low for this business.

The company is expanding its store network, continuing to work on being as efficient and profitable as possible, and providing good customer service.

Compelling dividend yield

When a share price falls, it pushes up the prospective dividend yield for investors. For example, if a business had a dividend yield of 5% and the share price drops 20%, the dividend yield becomes 6%.

According to the projection on Commsec, JB Hi-Fi is forecast to pay an annual dividend per share of $3.35 in FY27. That translates into a potential dividend yield of 5% excluding franking credits and 7.1% including franking credits.

That’s a great dividend yield for a large, stable business like JB Hi-Fi, in my view. If there is a good time to invest in this ASX dividend stock, I think now is a great time. But, there are other shares that could be even better value.

The post 1 ASX dividend stock down 42% I’d buy right now appeared first on The Motley Fool Australia.

More reading

• Are falling house prices hurting ASX retail shares?
• 2 ASX 200 shares I’d buy and 2 I’d avoid amid a surging Aussie dollar
• Why Megaport, Lendlease and JB Hi-Fi shares all crashed 14% to 15% this week
• 16 ASX 200 shares with ex-dividend dates next week
• Have these ASX 200 shares now fallen too far to ignore the value?

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.

The Solstice Minerals Ltd (ASX: SLS) share price is in focus after the company reported outstanding new high-grade copper-gold intercepts at its 100%-owned Nanadie Copper-Gold Project in Western Australia. Key highlights include a broad 172-metre intercept at 0.69% copper and 0.30g/t gold and an 18-metre interval grading 2.29% copper and 1.12g/t gold.

What did Solstice Minerals report?

• 172m @ 0.69% Cu, 0.30g/t Au from 54m to end of hole in drillhole NANRC058, including 83m @ 0.96% Cu, 0.44g/t Au
• 18m @ 2.29% Cu, 1.12g/t Au to end of hole from 292m (including 5m @ 6.88% Cu, 3.60g/t Au) in NANRC057
• Step-out RC drilling extended the Nanadie resource system to at least 1.3km strike; remains open in all directions
• Diamond tail returned 60.6m @ 0.64% Cu, 0.33g/t Au, and 11.75g/t Ag, with a high-grade silver zone of 14.6m @ 0.69% Cu, 0.10g/t Au, 31.32g/t Ag
• Current Mineral Resource Estimate (MRE): 40.4Mt @ 0.4% Cu, 0.1g/t Au, and 1.0g/t Ag
• No debt and $45 million cash at 31 August 2026

What else do investors need to know?

Ongoing drilling continues to identify previously unrecognised high-grade zones within and adjacent to the current resource boundary, highlighting the potential for higher-than-estimated grades. Results from recent holes will drive continued exploration, particularly along up-plunge positions on the eastern side of the host gabbro and step-down extensions at depth.

Solstice’s expanded camp and core processing facilities have been completed, setting the stage for accelerated drilling with multiple RC and diamond rigs planned to operate for the rest of the year. There are assays pending from a further 13 completed diamond holes and over 20 RC holes, with more news flow likely as the company works to expand both the grade and size of the Nanadie resource.

What did Solstice Minerals management say?

Nick Castleden, Solstice Minerals’ Chief Executive Officer and Managing Director, commented:

Coming hard on the heels of the fantastic, combined intercept of 722.3m at 0.44% Cu, 0.13g/t Au from hole NANRCD005 announced on Friday, these exciting new results show that the momentum of drilling news-flow from Nanadie has well and truly moved up a gear. Importantly, these results confirm our interpretation that there may be significant zones of valuable near-surface high-grade mineralisation both within and adjacent to the current Nanadie Resource that have not previously been recognised or adequately tested.

What’s next for Solstice Minerals?

Solstice is well funded to continue exploration, with a plan to increase drilling density across and below the existing mineral resource boundary. High-grade zones will receive further infill and step-out drilling, while new targets—including the nearby Stark Prospect—are set to be tested.

As the company accelerates its drill program, pending assays and an updated geological model are expected to provide a steady flow of exploration results. The Nanadie system remains open along strike and at depth, offering significant potential for further resource growth in a favourable mining jurisdiction.

Solstice Minerals share price snapshot

Over the past 12 months, Solstice Minerals shares have surged 600%, outperforming the All Ordinaries Index (ASX: XAO).

View Original Announcement

The post Solstice Minerals shares in focus as Nanadie drill results impress appeared first on The Motley Fool Australia.

More reading

• Solstice Minerals extends deep, high-grade copper-gold zones at Nanadie
• Solstice Minerals: Nanadie drilling extends copper-gold system
• Solstice Minerals: Nanadie copper-gold system grows

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 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.