How can I estimate my CPP benefits?
You can get an estimate of your monthly CPP retirement pension payments by logging into your My Service Canada Account. If you don't have an account, you can register for one. You'll receive a personal access code to complete your registration.
How much will I get Canada pension Plan?
The more you put in, the more you'll get out. The average CPP benefit in January 2021 is $619.75 per month. The maximum amount you could receive as a new recipient starting at age 65 is $1,253.59. To receive the maximum CPP amount you must contribute to the CPP for at least 39 of the 47 years from ages 18 to 65.
How can I estimate my pension?
A typical multiplier is 2%. So, if you work 30 years, and your final average salary is $75,000, then your pension would be 30 x 2% x $75,000 = $45,000 a year. That $45,000 becomes your guaranteed lifetime income.