CPP Retirement Income Calculator
Estimate your Canada Pension Plan monthly payment at age 60, 65, or 70 — and see the lifetime impact of taking it early or late.
The Early vs. Late CPP Decision
The CPP start-age decision is one of the most important retirement choices you'll make — and it's permanent. Taking CPP at 60 locks in a 36% reduction for life. Waiting until 70 locks in a 42% bonus for life. Neither is inherently "better" — it depends on your health, other income sources, and longevity expectations.
Break-even age (60 vs 65): Approximately age 73–74. If you take CPP at 60 and live past 74, you would have received more total lifetime income by waiting until 65.
Break-even age (65 vs 70): Approximately age 82–83. Given Canadian life expectancy of ~82 for men and ~85 for women, delaying to 70 is a close call — but those in good health typically benefit. Note: OAS (starting at 65) is a separate program from CPP.
Frequently Asked Questions
Yes — since 2012 you can collect CPP while working. If you're under 65 and still working while collecting, you must continue contributing to CPP (Post-Retirement Benefit). Between 65 and 70 you can opt out of further contributions.
The maximum CPP retirement pension at age 65 in 2026 is $1,507.65/month ($18,091.80/year). Most Canadians receive less — the average is around $877/month for new beneficiaries — because the maximum requires contributing the maximum amount for at least 39 years.
CPP does not reduce your OAS. However, since CPP counts as income, higher CPP income may trigger the OAS clawback (recovery tax) if your total net income exceeds $93,454 (2026). CPP income can also reduce GIS for low-income seniors.