diff --git a/README.rst b/README.rst
index cfb25378..47f2bfb7 100644
--- a/README.rst
+++ b/README.rst
@@ -176,11 +176,11 @@ Answer the prompts with your own desired options_. For example::
     use_heroku [n]: y
     use_compressor [n]: y
     Select postgresql_version:
-    1 - 11.3
-    2 - 10.8
-    3 - 9.6
-    4 - 9.5
-    5 - 9.4
+    1 - 12.3
+    2 - 11.8
+    3 - 10.8
+    4 - 9.6
+    5 - 9.5
     Choose from 1, 2, 3, 4, 5 [1]: 1
     Select js_task_runner:
     1 - None
diff --git a/cookiecutter.json b/cookiecutter.json
index 62155ad0..ca11b3b4 100644
--- a/cookiecutter.json
+++ b/cookiecutter.json
@@ -18,11 +18,11 @@
   "use_pycharm": "n",
   "use_docker": "n",
   "postgresql_version": [
-    "11.3",
+    "12.3",
+    "11.8",
     "10.8",
     "9.6",
-    "9.5",
-    "9.4"
+    "9.5"
   ],
   "js_task_runner": [
     "None",
diff --git a/tests/test_cookiecutter_generation.py b/tests/test_cookiecutter_generation.py
index 2ce7d412..89b9b856 100755
--- a/tests/test_cookiecutter_generation.py
+++ b/tests/test_cookiecutter_generation.py
@@ -37,11 +37,11 @@ SUPPORTED_COMBINATIONS = [
     {"use_pycharm": "n"},
     {"use_docker": "y"},
     {"use_docker": "n"},
-    {"postgresql_version": "11.3"},
+    {"postgresql_version": "12.3"},
+    {"postgresql_version": "11.8"},
     {"postgresql_version": "10.8"},
     {"postgresql_version": "9.6"},
     {"postgresql_version": "9.5"},
-    {"postgresql_version": "9.4"},
     {"cloud_provider": "AWS", "use_whitenoise": "y"},
     {"cloud_provider": "AWS", "use_whitenoise": "n"},
     {"cloud_provider": "GCP", "use_whitenoise": "y"},