CPP at 60, 65 or 70.
When does waiting pay off?
Starting early cuts each payment by 0.6% a month; waiting past 65 adds 0.7% a month. See what that means for your monthly amount, your total by the age you plan for, and the age where the later start catches up.
Illustration, not financial advice. Uses Service Canada's CPP adjustment factors and the 2026 maximum. Your health, other income and taxes matter more than any table.
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The rules this calculator uses are listed below the results.
Amounts are in today’s dollars at a constant monthly pension, before tax. Starting at a whole age (e.g. the month after your 60th birthday). Not modelled: inflation indexing, the post-retirement benefit, earnings you add while waiting, survivor benefits, and other income such as OAS. Totals count payments up to the planning age.
Official sources, checked Oct 7, 2026.
- CPP retirement pension start ages
You can start your CPP retirement pension as early as 60 or as late as 70. The standard age is 65; there is no gain from waiting past 70.
- CPP reduction for each month before 650.6 % per month
Starting before 65 lowers payments by 0.6% for each month (7.2% a year), up to 36% at 60.
- CPP increase for each month after 650.7 % per month
Starting after 65 raises payments by 0.7% for each month (8.4% a year), up to 42% at 70.
- Maximum CPP retirement pension at 65$1,507.65 CAD per month (January 2026)
The maximum monthly CPP retirement pension for someone starting at 65 in January 2026 is $1,507.65. Most people get less.
- Average CPP retirement pension at 65$858.34 CAD per month (July 2026)
The average monthly CPP retirement pension at 65 was $858.34 in July 2026. Your own estimate is in My Service Canada Account.