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.