CPP Calculator: When to Start Your Canada Pension Plan
Compare your CPP retirement pension from age 60 to 70: −0.6% a month before 65, +0.7% after, totals to any age and the break-even age for waiting.
| Start at | Per month | Total until the age | Pays off against 65 after age |
|---|
Uses the 2026 rules: 0.6% less for each month before 65 (−36% at 60) and 0.7% more for each month after (+42% at 70), in today's dollars; the pension also rises with inflation every January. Your estimate at 65 is in your Statement of Contributions in My Service Canada Account. In 2026 the maximum at 65 is $1,507.65 and the average new pension $858.34.
What it does
You can start the Canada Pension Plan retirement pension at any age from 60 to 70. Starting early gives smaller payments for more years; waiting gives larger payments for fewer years. The calculator shows the monthly amount at each age, the total until the age you choose and when waiting pays off.
How to use it
- Type your estimated pension at 65 from My Service Canada Account.
- Choose the age to start and the age until which to count.
- See the monthly pension, the totals and the break-even age for each start age.
The arithmetic runs in your browser. Nothing you type is sent anywhere and nothing is stored, so you can use these with real numbers.
Frequently asked questions
How much is CPP if I start at 60 or 70?
A pension of $1,000 a month at 65 becomes $640 at 60 (−36%) and $1,420 at 70 (+42%).
When does waiting for CPP pay off?
Starting at 70 instead of 65 pays off if you live past about 81.9; starting at 65 instead of 60 pays off after about 73.9, in today's dollars.
What is the maximum CPP pension in 2026?
$1,507.65 a month for someone starting at 65 in January 2026; the average for new pensions is $858.34. The maximum at 70 is 42% higher.
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