Estimate your Canada Pension Plan monthly payments and find your optimal start age.
2025 maximum pensionable earnings: $71,300
Maximum counted years: 39 (CPP uses your best years)
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The Canada Pension Plan (CPP) retirement pension is a monthly, taxable benefit that replaces part of your income when you retire. The amount you receive depends on how much you contributed and for how long.
You can start CPP as early as age 60 or as late as age 70. Starting early means a 0.6% reduction for each month before 65 (up to 36% less at 60). Deferring past 65 earns a 0.7% increase for each month after 65 (up to 42% more at 70). The breakeven age — where waiting pays off — is typically around age 74–75 when comparing 65 vs 70.
The maximum monthly CPP retirement pension at age 65 in 2025 is $1,364.60. Most Canadians receive less than the maximum because it requires contributing at the maximum level for at least 39 years.
Knowing your expected CPP income helps you plan how much to save in your RRSP and TFSA. If you plan to defer CPP to 70, you may need to draw down savings in your early retirement years — making a larger TFSA or RRSP balance important as a bridge.
This calculator provides estimates based on 2025 CPP rates and contribution rules. Actual CPP amounts may differ based on your complete contribution history, dropout provisions, and other factors. For your exact CPP entitlement, log in to My Service Canada Account.