CPP/QPP Benefits - Early or Later?
This calculator compares the value of CPP/QPP benefits if you take them earlier or later.
Current age (maximum 100 years)
End age (maximum 100 years)
Start EARLY at age (maximum 69 years)
Start LATER at age (maximum 70 years)
Inflation rate (maximum value %)
Rate of return (maximum value %)
What percentage of maximum CPP/QPP do you qualify for?
(maximum 100%)
Table
|
50
|
|
90
End Age
Enter the age when you will stop receiving benefits. |
| Start receiving benefits when? |
|
Start receiving benefits when?
You can start receiving CPP/QPP benefits as early as age 60 or as late as age 70.
You can start receiving CPP/QPP benefits as early as age 60 or as late as age 70.
Start EARLY at age (maximum 69 years)
|
60
|
|
65
|
|
2.00%
Inflation rate
The annual CPP/QPP benefits are indexed to this inflation rate.
Input Error: Inflation Rate
Enter a value between and %. |
|
4.00%
Rate of return
This rate of return is used to calculate the present value of the CPP/QPP benefits.
Input Error: Rate of Return
Enter a value between and %. |
(maximum 100%)
|
75.00%
Percentage of max CPP/QPP
The maximum annual CPP/QPP retirement benefit is as of January 2019. If you don't qualify for the maximum, enter the percentage here. |
$16,000
$12,000
$8,000
$4,000
$0
Table
Assumptions
Disclaimer
Disclaimer
This calculator compares the value of CPP/QPP benefits if you take them earlier or later.