Estimate your Canada Pension Plan retirement pension if you start it at any age from 60 to 70. The maximum at 65 in 2026 is $1,507.65 a month. Starting earlier cuts the pension by 0.6% for each month before 65, and waiting raises it by 0.7% for each month after 65. Someone who earned about $60,000 a year for 39 years would get roughly $1,212.59 a month at 65, $776.06 at 60 or $1,721.87 at 70.
CPP Retirement Pension Calculator
Monthly pension at any age from 60 to 70 · 2026 figures · Updated October 13, 2026
- Per year
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- Your pension before the age adjustment
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- Age adjustment
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- Maximum pension at this age (2026)
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- Break-even age compared with 65
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A simple estimate in 2026 dollars. Your Statement of Contributions in My Service Canada Account gives your actual figure.
CPP retirement figures for 2026
| 2026 | |
|---|---|
| Maximum monthly pension at 65 (January 2026) | $1,507.65 |
| Average monthly pension for new retirees at 65 (July 2026) | $858.34 |
| Year's maximum pensionable earnings (YMPE) | $74,600 |
| Second earnings ceiling for CPP2 (YAMPE) | $85,000 |
| Reduction for each month before 65 | 0.6% (36% at 60) |
| Increase for each month after 65 | 0.7% (42% at 70) |
Maximum pension by starting age
| Start age | Adjustment | Maximum per month | Example: $60,000 earnings, 39 years |
|---|---|---|---|
| 60 | -36.0% | $964.90 | $776.06 |
| 61 | -28.8% | $1,073.45 | $863.36 |
| 62 | -21.6% | $1,182.00 | $950.67 |
| 63 | -14.4% | $1,290.55 | $1,037.97 |
| 64 | -7.2% | $1,399.10 | $1,125.28 |
| 65 | None | $1,507.65 | $1,212.59 |
| 66 | +8.4% | $1,634.29 | $1,314.44 |
| 67 | +16.8% | $1,760.94 | $1,416.30 |
| 68 | +25.2% | $1,887.58 | $1,518.16 |
| 69 | +33.6% | $2,014.22 | $1,620.02 |
| 70 | +42.0% | $2,140.86 | $1,721.87 |
How this estimate works
- Earnings ratio: your average earnings divided by the 2026 YMPE of $74,600, capped at 100%. Earning at or above the YMPE in every year gives the maximum.
- Years ratio: CPP drops up to 8 of your lowest-earning years from the period between 18 and 65, so about 39 years of contributions are enough for a full pension. If you start before 65, the period is shorter by the same number of years.
- Pension before adjustment = $1,507.65 × earnings ratio × years ratio, then the age adjustment is applied.
The real calculation is more detailed: it uses your actual earnings for each year, adjusts them to today's wage levels, adds the enhanced CPP built up since 2019, and can drop years spent caring for children under 7 or receiving a CPP disability pension. Treat the result as a planning range, not your exact entitlement.
When should you start CPP?
Starting at 60 gives you smaller payments for more years; waiting gives you bigger payments for fewer years. The break-even age is when the total received from a later start catches up. Compared with 65, a pension started at 60 has received less in total once you pass about age 73 and 11 months, and a pension started at 70 pulls ahead after about age 81 and 11 months, in today's dollars. Your health, other savings, whether you still work and the OAS clawback all matter as much as the arithmetic.
FAQ
Can I work while receiving CPP?
Yes. If you are under 65 and working, you keep contributing to CPP, and the contributions earn a post-retirement benefit that is added to your pension the following year. From 65 to 70 you can choose to stop contributing.
Is the CPP pension taxable?
Yes. It is taxable income, but no tax is withheld unless you ask. Couples can share their CPP pensions to even out their income for tax.
How do I get my exact amount?
Sign in to My Service Canada Account to see your Statement of Contributions and an estimate based on your own earnings record, then apply up to 12 months before you want payments to start.
Related calculators
- OAS Clawback CalculatorOld Age Security recovery tax
- CPP and EI Calculator 2026What you contribute this year
- RRSP Tax Savings CalculatorSave for retirement and cut your tax
Sources
- Government of Canada: CPP retirement pension, how much you could receive · maximum and average for 2026
- Government of Canada: Decide when to start your CPP retirement pension · 0.6% and 0.7% monthly adjustments
- CRA: MP, DB, RRSP, DPSP, ALDA, TFSA limits, YMPE and YAMPE · YMPE and YAMPE for 2026
Figures current as of October 13, 2026
Each formula is checked against a separate test sheet with at least three worked examples. Results are estimates based on the numbers you enter and the published rules; your actual figures may differ. This is general information, not financial or tax advice.
Spotted a mistake? Contact us and we will fix it and update the date above.