Estimate Your Canadian Pension Plan (CPP) Benefit

I have no plans to retire any time soon, but I thought it would be interesting to see how much Canadian Pension Plan (CPP) benefit I had accrued to date.

I’ve been contributing to the CPP since I started working in 2004, so I figured I must have some CPP pension benefit accumulated for when I retire after age 60.

The Government of Canada will provide you with an estimate of your monthly CPP pension benefit through their Service Canada website. Here is how you can access yours.

Step 1: Go to the Service Canada Website

Step 2: Login to your account (or register if you don’t already have one). Click the “estimate my CPP benefit” link.

Step 3: View your CPP benefit estimate summary

My CPP pension benefit estimate tells me that if I retire at age 65 I would be entitled to $408.32 per month or $4,899.84 per year. The maximum retirement pension monthly amount at age 65 for this year is $986.67 so that means I am eligible for ~41% of the maximum benefit amount.

I was quite shocked at how high these estimates were considering that I have only been contributing to CPP for 7 years and did not contribute anywhere near the maximum CPP amount in my first years of working.

So, what is your monthly CPP pension benefit estimate?