Here are 2 high quality ASX retirement shares to buy now

These shares could be good options for a retirement portfolio according to analysts.

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Are you looking for retirement portfolio options? If you are, then you may want to look at the quality ASX shares listed below.

Here's why these shares could be top options for retirees:

CSL Limited (ASX: CSL)

If you're building a retirement portfolio, you will want to focus on quality. And there are few higher quality businesses out there than CSL.

CSL is one of the world's leading biotechnology companies. Its three businesses, CSL Behring, CSL Seqirus and CSL Vifor, provide lifesaving products to patients in more than 100 countries and employ 32,000 people.

But CSL is never one to rest on its laurels. As well as not being afraid to make major acquisitions, the company reinvests ~12% of its sales back into research and development (R&D) each year. This ensures that it has an R&D pipeline containing some potentially lucrative and lifesaving therapies and vaccines.

A number of brokers rate CSL shares as a buy currently. One of them is Citi, which has a buy rating and a $325 price target.

Woolworths Limited (ASX: WOW)

Another ASX retirement share to consider buying is Woolworths. It is the retail conglomerate behind the Woolworths supermarket chain, Countdown supermarkets in New Zealand, and Big W.

As with CSL, Woolworths is a high-quality business with defensive qualities. It also offers positive exposure to inflation, which makes it a good pick in the current environment.

Goldman Sachs is a big fan of the company and has it on its coveted conviction list. It likes the company due to its digital and omnichannel advantage, which it expects to drive further market share and margin gains.

The broker currently has a buy rating and a $42.40 price target on the company's shares. Goldman is also forecasting fully franked dividend yields above 3% through to FY 2026.

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

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