CPP Early or Later?
Should you start your CPP (or QPP) retirement pension early, or wait for a larger payment? This calculator compares the total value of your benefits under two start ages and shows the age at which waiting starts to pay off.
Your details
2026 maximum at 65 is $1,507.65/month. Your My Service Canada Account (or Retraite Québec account) shows your own estimate.
Life expectancy, or the age you’d like to plan to.
Latest CPP start age is 70.
CPP and QPP payments rise with inflation each year.
What payments could earn if invested as they are received.
Value of benefits
Start at 60
–
first-year monthly payment
Start at 65
–
first-year monthly payment
Breakeven age
–
Start at 60Start at 65
Year-by-year table
Assumptions
Disclaimer
This calculator is for general information and illustration only. It is not financial, tax or legal advice, and the results are only as accurate as the assumptions you enter. It does not account for income tax, the post-retirement benefit, survivor or disability benefits, Old Age Security, or your other sources of income. Actual CPP and QPP amounts are set by Service Canada and Retraite Québec. Please speak with us before making a decision about when to start your pension.