Canadian Retirement Income Calculator - Frequently Asked Questions about General Information

• Frequently Asked Questions about General Information
• Frequently Asked Questions about the Canada Pension Plan
• Frequently Asked Questions about Employer Pensions
• Frequently Asked Questions about Retirement Savings
• Frequently Asked Questions about the Old Age Security Pension

The Government developed the calculator in 2002 to help Canadians understand how each level of the retirement income system will contribute to their future financial security.

The calculator was recently updated because of changes coming to the Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) in January 2019.

The CPP Statement of Contributions retirement estimate is based on your average earnings since the age of 18 and assumes your earnings continue at this level until the age of 65.

The calculator allows you to change the amount of your future earnings and to calculate your pension income based on different start dates.

This information is required to provide estimates of your retirement income, income replacement rate and life expectancy. The defaults are for the average Canadian who is the same age and sex assigned at birth as you. You can easily change these defaults.