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CPP Break Even Calculator
Almost all people who work in Canada contribute to the Canada Pension Plan (CPP) and are eligible for CPP benefits. You can start receiving a full CPP retirement pension at age 65. Alternatively, you can receive it as early as age 60 with a reduction, or as late as age 70 with an increase. This calculator compares taking the CPP either early or late to the standard CPP retirement age of 65 and displays data and money accumulation based on each option. It also shows you the age at which the break even point is reached where you would have accumulated the same amount of money through CPP payments from the standard retirement age (65) and a chosen age (60 - 70).

Your Annual Income:
CPP Contribution Years:
Retirement Age: Month:


Break Even Age: Months:

Overview: CPP changes from year to year. A more significant change occurred recently that will change the amount you lose by taking it earlier, and increase the gains you make from taking it later. These changes are being phased into place, coming into full effect in 2016.
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