CPP Benefit - to Start at Which Age?

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u/retire-free · Joined Oct 2024

Discover when to start receiving your Canada Pension Plan (CPP) benefits—age 60, 65, or 70—and how it impacts your Net Worth in retirement.

Last update Oct 2024
  • Scenario 1: Start at Age 70
  • Scenario 2: Start at Age 65
  • Scenario 3: Start at Age 60

This chart illustrates the trade-offs between earlier and later access to CPP benefits. While you are in retirement, delaying the start age would strain your lifetime savings, and this effect is reflected in the "Investment Return" rate.

Age

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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?

Your benefit will rise by 0.7% for every month you postpone receiving your CPP retirement pension, beginning the month after you turn 65. That equals to a *42% increase* if you start at age 70.

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(Expressions are evaluated at Year 0 only.)

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(Expressions are evaluated at every year.)

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