CPP Start Age Calculator
Calculate the permanent impact on your monthly 2026 pension by starting CPP early or late.
The CPP Start Age Rules
The standard age to start receiving the Canada Pension Plan (CPP) is 65. However, you can start as early as age 60 or as late as age 70.
Taking it early: Your monthly payment is reduced by 0.6% for each month before age 65 (up to a 36% permanent reduction).
Taking it late: Your monthly payment is increased by 0.7% for each month after age 65 (up to a 42% permanent increase).
How to Use This Calculator
- Check Statement - Get your estimated amount at age 65 from your Service Canada account statement.
- Adjust Target Age - Move the slider to see how your monthly income changes for every year you wait.
- View Comparison - The chart shows the permanent monthly amounts for the major age milestones.
Calculation Formula & Example
The Formula
Adjustment = (Months from 65) × (0.6% or 0.7%)
Where:
- Early Cap = 36% reduction at age 60.
- Late Cap = 42% increase at age 70.
Example Calculation
If your benefit at 65 is $1,000/month, taking it at 60 reduces it to $640/month. Waiting until 70 increases it to $1,420/month.
Benefits of Using This Calculator
- Lifelong Security - The CPP is a guaranteed, inflation-indexed pension for the rest of your life.
- Longevity Insurance - Delaying to 70 provides a much larger inflation-protected baseline for your later years.
- Flexibility - Taking it early can provide vital cash flow for earlier semi-retirement.
Calculator Use Cases
Determine if your other savings (RRSP/TFSA) can 'bridge' the gap until you start CPP at 70.
If you have a shorter life expectancy, starting early at 60 is often the logical choice.
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