Québec Pension Plan (QPP) Calculator
For people who contributed to the Québec Pension Plan (QPP / RRQ). You can start your pension from age 60 to 72; starting earlier means smaller monthly payments for life. This calculator compares start ages two ways: total benefits (dollars added up as received) and present value (later dollars discounted). For the rest of Canada, use the CPP option on the break-even calculator.
Before you start
Method : Month-by-month totals — undiscounted and present value — for Canada – Québec: Québec Pension Plan (QPP) retirement pension.
Checked : Fill percentages match the official figures for this program; rules checked 2026-10-05.
Review : not reviewed by SSA, Service Canada, Retraite Québec or a licensed financial adviser. Educational only — not financial advice.
Your entries stay in this browser tab; nothing is sent or stored.
How to Use This Calculator
- Enter start ages and the monthly pension at each, or enter your age-65 amount and your early-reduction rate, then press Fill amounts.
- Set cost-of-living increase, discount rate, tax and the age to total up to.
- Press Calculate break-even.
Methodology & assumptions
Rules (checked 2026-10-05): Normal age 65. Before 65: −0.5% to −0.6% a month depending on your contribution record (−30% to −36% at 60). After 65: +0.7% a month to 72 (+58.8%); no increase after 72.
Pension at start age = age-65 amount × (1 − r × months before 65) or × (1 + 0.007 × months after 65, max 84), with r = 0.5–0.6% from your record.
Total-benefit break-even: running totals from the earliest start age, month by month, until the later start catches up; with no COLA this is ⌈later × gap ÷ (later − earlier)⌉ months. Present value: each payment ÷ (1 + discount rate)years from the earliest start age. COLA raises both options by the same % once a year.
Worked examples
$1,000 a month at 65, 0.6% reduction: 60 → $640 (−36%); 72 → $1,588 (+58.8%). At 0.5%, 60 → $700 (−30%).
60 at $640 vs 65 at $1,000: 1,000 × 60 ÷ 360 = 166.7 → 167 months → total-benefit break-even 73 years, 11 months; present value at 3%: 76 years, 4 months.
65 at $1,000 vs 72 at $1,588: 1,588 × 84 ÷ 588 = 226.9 → 227 months → 83 years, 11 months; with 2% COLA 82 y 1 m; present value at 3%: 88 years, 10 months.
Totals up to 85 (no COLA): start at 60 $192,000, 65 $240,000, 72 $247,728. Present value at 3%: $135,896, $156,493, $144,441 — waiting to 72 pays the most dollars by 85 but not the most present value.
Understanding your result
If you expect to live well past the break-even age, starting later pays more. Use the present-value column if you'd otherwise invest the money or value it sooner. One input among health, other income and family — not advice.
Sources & further reading
Frequently Asked Questions
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