CPP Calculator



The CPP calculator assumes you are currently 60 years old and you are trying to decide whether you should take your CPP now or wait. It will provide the optimal age to take CPP based on your life expectancy and what that projected benefit is. While this calculator provides insight it is not meant to be a final decision making tool. We do recommend talking to your financial advisor prior to making this important decision.


Setup

  • Today's Date:
  • Your Marginal Tax Rate after you receive your CPP Pension?
  • What Rate of Return would you make on your money if it was invested?
  • Are you eligible for the maximum CPP amount at age 65?
  • Average % Increase (CPP indexing):

Assumptions

  
  • You are currently 60 years old.
  • Figures use the 2026 CPP maximum: $1,507.65/month ($18,091.80/year) at age 65.
  • Taking CPP before 65 reduces it 0.6%/month (7.2%/year); after 65 increases it 0.7%/month (8.4%/year). Earliest 60 (−36%), latest 70 (+42%).
  • CPP is indexed to inflation, assumed to grow 2%/year once in pay.
  • 2026 ceilings: YMPE (first) $74,600, YAMPE (second, CPP2) $85,000.
  • Amounts reflect the CPP enhancement (replacement rate rising from 25% toward 33.33%) as realized to date. Enhancement and the YAMPE second ceiling are still phasing in, so future retirees will see higher maximums. For a precise figure, use your CPP Statement of Contributions.
  • Calculator figures current as of 2026.

Best Age to take CPP


Results By Age (60-70):

AgeGross CPP IncomeIncome TaxNet CPP IncomeTotal Net CPP IncomeTotal NPV
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