Coast FIRE Calculator Canada
With CPP and OAS, in Canadian dollars
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Your Coast FIRE number today
$231,854
Coast Age
56
Need at 60
$841.4K
CPP + OAS
$19.7K/yr
Investing $1,000 a month, you reach Coast FIRE at 56. After that, growth alone should take you to $841,419 by 60. Without CPP and OAS you would need $344,439 today ($1,250,000 at 60).
CPP from age 65
$10,524/yr
$877 a month
OAS from age 65
$9,150/yr
$763 a month
Bridge before pensions
$229,838
Part of the $841.4K you need at 60
Your retirement income by age (today's dollars)
| Ages | CPP | OAS | From your portfolio |
|---|---|---|---|
| 60-64 | $0 | $0 | $50,000 |
| 65+ | $10,524 | $9,150 | $30,326 |
OAS uses the October to December 2026 maximum for ages 65 to 74; the 10% increase at 75 is left out. Both pensions rise with inflation. OAS is reduced by 15% of net income above $93,454 (2025), which RRSP withdrawals count toward and TFSA withdrawals do not.
By the Coast FIRE Calculator editorial team · Methodology · Official sources: Canada Pension Plan: pensions and benefits monthly amounts; CPP retirement pension: when to start your pension · Sources checked December 2026 · Corrections: hello@coastfirecalculator.io
How CPP and OAS change your Coast FIRE number
Once your pensions start, your portfolio only has to cover the part of your spending they don't. If you spend $50,000 a year and CPP and OAS pay $20,000, the portfolio covers $30,000: that needs $750,000 at a 4% withdrawal rate instead of $1,250,000.
If you retire before your pensions start, the portfolio also pays the bridge years in full. The calculator adds those years to what you need at retirement, then works back to today at your return after inflation. That amount is your Coast FIRE number: once you have it invested, you could stop saving for retirement.
Everything is in today's Canadian dollars. CPP is indexed to inflation each January and OAS each quarter, so the pensions stay level here.
CPP and OAS in 2026
CPP at 65, maximum (pensions starting January 2026)
$1,507.65 a month
CPP at 65, average for new pensions (April 2026)
$877.01 a month
CPP started at 60
36% less (0.6% for each month before 65)
CPP started at 70
42% more (0.7% for each month after 65)
OAS at 65 to 74, maximum (October to December 2026)
$762.50 a month
OAS at 75 and over, maximum
$838.75 a month
OAS started at 70
36% more (0.6% for each month after 65)
OAS with fewer than 40 years in Canada after 18
Years in Canada ÷ 40 (at least 10 years)
OAS recovery tax
15% of 2025 net income above $93,454
From canada.ca, checked October 2, 2026. OAS amounts for October to December 2026 are 1.4% above the prior quarter. The CPP maximum is for pensions starting in January 2026; canada.ca notes that maximum amounts increase every month as a result of the CPP enhancement.
TFSA or RRSP for Coast FIRE savings
TFSA
- 2026 limit: $7,000. The limits from 2009 to 2026 add up to $109,000.
- No deduction when you contribute; growth and withdrawals are tax-free.
- Withdrawals don't affect OAS or GIS, and come back as new room the next January.
RRSP
- 2026 limit: 18% of your 2025 earned income, up to $33,810.
- Contributions are deductible, and growth is tax-free while it stays in the plan.
- Withdrawals are taxed as income, so they count toward the OAS recovery tax.
Sources
- Canada Pension Plan: pensions and benefits monthly amounts
- CPP retirement pension: when to start your pension
- Canada Pension Plan amounts and the Consumer Price Index
- Old Age Security payment amounts
- Old Age Security: when to start your pension
- Old Age Security: how much you could receive
- Old Age Security pension recovery tax
- CRA: MP, DB, RRSP, DPSP, ALDA, TFSA limits, YMPE and the YAMPE
- CRA: What is a TFSA
- CRA: How contributions affect your RRSP deduction limit
Frequently Asked Questions
What is Coast FIRE in Canada?
How much CPP will I get?
Should I start CPP at 60 or 70?
When does OAS start and how much is it?
Does the OAS clawback affect Coast FIRE?
Should my Coast FIRE savings be in a TFSA or an RRSP?
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