CPP Calculator — How Much Will You Receive at Retirement?
Estimate your Canada Pension Plan monthly payment at age 60 65 or 70. See how delaying CPP increases your benefit and the optimal claiming strategy.
Canada Pension Plan provides retirement income based on your contributions throughout your working years. The maximum monthly CPP payment in 2026 is approximately $1364 at age 65 but the average payment is only $815 because most Canadians have periods of lower earnings or gaps in contributions. Claiming at 60 permanently reduces benefits by 36% while delaying to 70 increases them by 42%.
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Key Information
| Parameter | Details |
|---|---|
| Maximum CPP at 65 | $1364/month (2026) |
| Average CPP Payment | $815/month |
| Early Claim (age 60) | 36% permanent reduction |
| Late Claim (age 70) | 42% permanent increase |
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Use Calculator NowFrequently Asked Questions
How much CPP will I get at 65?
The average Canadian receives approximately $815/month at 65. To receive the maximum ($1364/month) you need to have contributed the maximum amount for at least 39 of the 47 years between age 18 and 65. Most people receive 60-75% of the maximum. Check your estimated CPP by logging into your My Service Canada Account which shows your projected benefit based on actual contributions.
Should I take CPP at 60 or wait until 65 or 70?
At 60: receive $873/month (36% less than 65). At 65: $1364/month (maximum). At 70: $1937/month (42% more than 65). Break-even: if you take CPP at 60 vs 65 the cumulative amount is equal at approximately age 73. If you live past 73 waiting until 65 pays more total. If you wait to 70 vs 65 break-even is around age 80. If you are healthy and have other income delay as long as possible.
Can I receive CPP while still working?
Yes since 2012 you can receive CPP while still working in Canada. If you are under 65 and working while receiving CPP you must continue making CPP contributions which increase your future benefits through the Post-Retirement Benefit. If you are 65-70 you can choose to continue contributing. After 70 contributions stop regardless.
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Last updated: March 2026