Retirement,checked.
Your savings plus CPP and OAS, adjusted for the age each one starts, against the monthly income you want. Everything is in today’s dollars.
You
Government pensions
Your own estimate is on My Service Canada Account. For reference, in 2026 the maximum is $1,507.65 and the average new pension is $858.34.
60 to 70: 0.6% less for each month before 65, 0.7% more for each month after.
65 to 70: 0.6% more for each month you wait. Today’s maximum at 65 is $762.50 a month.
Your assumptions
Lower is safer: the money has to last as long as you do.
Once everything has started
Fill in every box to see the result.
How this calculator works
Three sources of income
Your savings, the Canada Pension Plan (CPP) and Old Age Security (OAS), added up and compared with the monthly income you want. Everything is in today’s dollars, before income tax.
Your savings
Savings grow at your investment return minus inflation until you retire, then pay out at the share you take out each year. If you retire before your pensions start, the calculator shows what savings alone give in those years.
Canada Pension Plan
CPP can start between 60 and 70. It is 0.6% smaller for each month before 65 and 0.7% bigger for each month after. Your own estimate is on My Service Canada Account. In 2026 the maximum at 65 is $1,507.65 a month and the average new pension is $858.34.
Old Age Security
OAS can start between 65 and 70, 0.6% bigger for each month you wait. From October to December 2026 the maximum from 65 to 74 is $762.50 a month. It depends on how many years you have lived in Canada since 18, and part is paid back at 15% of income above $95,323 (2026).
Sources
Government figures checked on October 31, 2026. Sources:
- www.canada.ca/en/services/benefits/publicpensions/cpp/payment-amounts.html
- www.canada.ca/en/services/benefits/publicpensions/cpp/when-start.html
- www.canada.ca/en/services/benefits/publicpensions/old-age-security/payments.html
- www.canada.ca/en/services/benefits/publicpensions/old-age-security/recovery-tax.html
An estimate to help you think it through, not financial or tax advice.
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