CPP Benefit Estimator Average Annual Employment Income ($) Years of CPP Contributions Planned Start Age 60 (early — reduced) 61 62 63 64 65 (standard) 66 67 68 69 70 (maximum) Estimate My CPP function calculateCPP() { var income = parseFloat(document.getElementById('cpp-income').value)||0; var years = parseInt(document.getElementById('cpp-years').value)||0; var startAge = parseInt(document.getElementById('cpp-startage').value); if (!income || !years) { alert('Please enter income and years of contribution.'); return; } // 2025 YMPE: $68,500, basic exemption $3,500 var ympe = 68500; var exempt = 3500; var insurable = Math.min(Math.max(0, income - exempt), ympe - exempt); // Max pension at 65 with 39 years: $1,364.60/month (2025) var maxPension = 1364.60; var yearsFactor = Math.min(years, 39) / 39; var incomeFactor = insurable / (ympe - exempt); var basePension = maxPension * yearsFactor * incomeFactor; // Adjustment for start age: -0.6%/month before 65, +0.7%/month after 65 var monthsDiff = (startAge - 65) * 12; var adjustment = monthsDiff Your CPP Estimate ' + ' ' + ' Monthly CPP at Age ' + startAge + ' ' + fmt(adjustedPension) + '/mo ' + ' Annual CPP Payment ' + fmtK(annual) + ' ' + ' ' + ' Start Age Comparison ' + ' ' + ' Age 60 (36% reduction) ' + fmt(at60) + '/mo ' + ' Age 65 (standard) ' + fmt(at65) + '/mo ' + ' Age 70 (42% increase) ' + fmt(at70) + '/mo ' + ' ' + ' This is an estimate. Your actual CPP depends on your full contribution history from Service Canada records. '; } 2025 CPP Key Facts Maximum monthly CPP at 65: $1,364.60 (2025) Average monthly CPP: ~$770 (most people don't contribute the maximum every year) Early CPP at 60: reduced by 0.6% per month (up to 36% less) Delayed CPP to 70: increased by 0.7% per month (up to 42% more) CPP2 enhancement: additional benefit for contributions above the YMPE (up to $73,200 in 2025) Should You Take CPP Early or Late?

Question

Accepted Answer

The break-even age for taking CPP at 65 vs 60 is approximately age 74. If you expect to live past 74, waiting until 65 (or 70) generally pays more over your lifetime. Health, other income sources, and financial need all factor into this decision.

CPP Benefit Estimate Calculator 2025

CPP Benefit Estimator

2025 CPP Key Facts

Should You Take CPP Early or Late?

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