3 top ASX retirement shares to buy for FY25

Analysts think these stocks could be good additions to a retirement portfolio.

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If you're currently building a retirement portfolio then you may be on the lookout for some ASX shares to add to it.

The good news is there is no shortage of quality options to choose from on the Australian share market.

But which ones could be buys right now? Let's take a look at three that analysts rate as buys:

CSL Limited (ASX: CSL)

The first ASX retirement share to look at is CSL. It is one of the world's leading biotechnology companies.

CSL has been growing at a solid rate for years thanks to its in-demand product portfolio, investment in research and development, and acquisitions. The former includes therapies such as Privigen, Hizentra, Idelvion, and Afstyla.

And while its shares don't provide any meaningful income, they could provide strong returns over the coming years. That's because Macquarie has an outperform rating and $330.00 price target on them. The broker also sees potential for its shares to rise beyond $500 in the next three years thanks to its positive outlook.

Telstra Group Ltd (ASX: TLS)

A second ASX retirement share that could be a buy is telco giant Telstra.

It arguably ticks a lot of boxes when it comes to retirement portfolio holdings. That's because it has defensive qualities, a good dividend yield, and a positive growth outlook.

In respect to the latter, Goldman Sachs highlights that its "low risk earnings (and dividend) growth" across FY 2022 to FY 2025 is "attractive."

Speaking of dividends, Goldman Sachs is forecasting fully franked dividends per share of 18 cents in FY 2024 and 18.5 cents in FY 2025. Based on the current Telstra share price of $3.62, this will mean yields of 5% and 5.1%, respectively.

The broker also sees decent upside for its shares with its buy rating and $4.25 price target.

Transurban Group (ASX: TCL)

A third ASX retirement share to consider is Transurban. It is the toll road giant with a portfolio of roads across Australia and North America. In addition, it has a significant project pipeline that should support its long-term growth.

As with Telstra, Transurban has defensive qualities. After all, these roads are always in need, particularly given population growth and urbanisation. It also has positive exposure to inflation, which is a good thing in the current environment.

Citi currently has a buy rating and $15.50 price target on its shares. It also expects 5%+ dividend yields in the coming years.

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, Goldman Sachs Group, Macquarie Group, and Transurban Group. The Motley Fool Australia has positions in and has recommended Macquarie Group and Telstra 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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