CPP Calculator 2026: Pension by Start Age 60–70

Estimate your monthly CPP at any start age — max $1,507.65 at 65 in 2026, 36% less at 60, 42% more at 70. Based on your earnings and contribution years.

FAQ

When should I start taking my CPP pension?

The optimal CPP start age depends on your circumstances. If you need the income, have health concerns about longevity, or want to reduce withdrawals from other savings, starting at 60 may make sense despite the reduction. If you have other income sources, are in good health, and want to maximize your guaranteed lifetime income, deferring to 65 or 70 provides a significantly higher monthly payment. The "breakeven" point where deferral pays off is typically in your late 70s to early 80s.

What is CPP2 and how does it affect my pension?

CPP2, or the second enhanced CPP, was introduced starting in 2024. It applies to earnings above the first Year's Maximum Pensionable Earnings (YMPE) up to a second, higher earnings ceiling (YAMPE), with workers and employers each contributing an additional percentage on earnings in this range. The result is a higher CPP pension in retirement for those who earn above the first ceiling. CPP2 benefits are fully phased in over a 40-year period, so younger workers will see the largest impact.

Can I work while receiving CPP?

Yes. If you are between 60 and 65 and receiving your CPP pension while still working, you and your employer must continue making CPP contributions — these "post-retirement benefit" (PRB) contributions generate additional small pension amounts added to your payment each year. After age 65, PRB contributions become optional. After age 70, you can no longer contribute.

How does CPP pension sharing work with my spouse?

If both you and your spouse or common-law partner are at least 60, you can share your CPP retirement pensions. The amount each person receives is based on the period you lived together relative to your total contributory periods. Pension sharing can reduce your overall household tax bill by shifting income to the lower-income spouse. Both partners must apply, and either can cancel the arrangement at any time.

How does this calculator work?

The calculator estimates your monthly CPP retirement pension from your expected average earnings, years of contributions, and planned start age. The standard age is 65 — starting earlier reduces your pension by 0.6% per month (up to a 36% reduction at 60), while deferring increases it by 0.7% per month (up to a 42% increase at 70), and these adjustments are permanent. It accounts for the Year's Maximum Pensionable Earnings (YMPE), the enhanced CPP provisions including CPP2 contributions introduced in 2024, and the dropout provision that excludes up to 8 of your lowest-earning years from the calculation.