CPP Breakeven Age Calculator

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Discover when to start Canada Pension Plan benefits for maximum value. Calculate breakeven ages for taking benefits early, on time, or delaying them.

Last update Dec 2024
  • Scenario 1: Take at 65 (Full CPP)
  • Scenario 2: Take Benefits Early
  • Scenario 3: Delay Benefits

Visualize how taking CPP early, on time, or delaying impacts your investment account and lifetime benefits by showing how much money stays invested to grow instead of being withdrawn.

Age
Try your numbers:

Your current age to calculate when you will start receiving CPP benefits.

A =

The monthly CPP benefit you would receive at age 65.

B =

The age you plan to start taking CPP benefits early. Enter between 60~65 years old.

C =

The age you plan to delay CPP benefits to receive a higher payout. Enter between 65~70 years old.

D =
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Add Input
  • Amount
    Any single amount ($).
  • Cash Flow
    Rent, insurance premium, salary, ...
  • Current Asset
    Real estate, commodity, bonds, ...
  • Installment Loan
    Mortgage, car loan, ...
  • Percentage
    Any percentage value (%).
  • Years / Months
    Any time horizon.
  • Age (already added)
    Show "Age" instead of "# Years from Now."
  • Retirement Age
    Enable "Investment Return After Retirement."

Time Value Assumptions

Heads Up!

If you're using Cost Basis (cb) for calculating capital gains:

Please be aware that very few countries currently use inflation-indexed cost basis. Double-check your local tax rules before publishing.

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How is Cash Value calculated?

Starting your CPP benefits at age 65 offers a balanced approach between immediate income and preserving your investment growth. This scenario calculates how receiving standard monthly payments reduces the need to withdraw from your investment account for living expenses. The funds that remain invested continue to grow over time, enhancing your financial resources throughout retirement.

Decisions / Expectations

(Expressions are evaluated at Year 0 only.)

Ẽ =
∞
Follow Inflation

Calculations

(Expressions are evaluated at every year.)

F =
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Add Decision or Expectation
  • Buy Asset
    Buy an asset growing at its own rate.
  • Take Installment Loan
    Take a mortgage, loan, etc.
  • Invest
    Receive/Spend a lump sum.
  • Expect to Invest
    Expect to receive/spend a lump sum.
  • Expect Monthly Cash Flow
    Expect to receive/spend cash monthly.
  • Expect Yearly Cash Flow
    Expect to receive/spend cash yearly.
  • Define Variable (Numerical)
    Calculate an intermediate value.
Add Intermediate Calculation
  • Define Variable (Numerical)
    Calculate an intermediate value.
  • Define Variable (Cash Flow)
    Calculate a combined cash flow.