CPP Calculator
This free CPP calculator compares taking the Canada Pension Plan at 60, 65 or 70. Starting at 60 cuts your CPP by 36% for life; deferring to 70 raises it by 42%. Retirely shows each option’s monthly and lifetime income next to your other retirement income and tax.
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CPP by start age
CPP is reduced by 0.6% for each month you take it before 65 (−36% at 60) and increased by 0.7% for each month you defer past 65 (+42% at 70). Based on the 2025 maximum:
| Start age | Monthly | Annual | vs age 65 |
|---|---|---|---|
| 60 | $917.12 | $11,005 | −36% vs 65 |
| 65 | $1,433.00 | $17,196 | baseline |
| 70 | $2,034.86 | $24,418 | +42% vs 65 |
Figures assume the maximum CPP; your amount depends on your contribution history.
When does deferring pay off?
The breakeven age for deferring CPP to 70 versus starting at 65 is typically around 74–76. If you expect to live past that — and can bridge the gap with RRSP/TFSA income — deferral usually wins. See when to take CPP for the full comparison.
Frequently asked questions
Is it better to collect CPP at 60 or 65?
Taking CPP at 60 gives you money sooner but permanently reduces it by 36% versus 65. If you need the income, are in poorer health, or have little other savings, 60 can make sense. If you expect a long life and can cover the gap from other savings, waiting to 65 or 70 usually yields more lifetime income.
How much is CPP at 70?
Deferring CPP to 70 increases it by 42% versus age 65. On the 2025 maximum of $1,433.00/month at 65, that is roughly $2,034.86/month at 70. Your actual amount depends on your contribution history.
Do you have to take CPP at 70?
There is no benefit to deferring CPP past 70 — the 0.7%/month increase stops at 70, so you should start it by then at the latest.