Your CPP Is $7,791 Short Of The Number In That Video

A viral video says a million dollars plus CPP and OAS buys a paid-off retirement with a buffer. The word doing the work is "maximum." The maximum CPP retirement pension at 65 is $1,507.65 a month. The average new one, in July 2026, was $858.34. That is 56.9% of the ceiling, and a gap of $7,791.72 a year. Almost nobody collects the number the video quotes. CHAPTERS 0:00 The claim 1:47 The word that does the work 3:50 The second assumption nobody says out loud 5:01 So what does the million actually buy 7:00 The part he contradicts himself on 8:17 The ten-second correction 9:25 What I cannot tell you 10:13 The answer THE CPP NUMBER $1,507.65 a month is the 2026 maximum, and it requires close to 40 years of contributions at or above the yearly maximum pensionable earnings. The average new retirement pension starting at 65 in July 2026 was $858.34 a month. The gap between the two is $649.31 a month, or $7,791.72 a year, and it is the difference between the retirement in the video and the one most people actually get. THE OAS ASSUMPTION The full OAS pension assumes 40 years of residence in Canada after age 18. Anyone who arrived later receives a proportional amount: 20 years of residence means half. The video never mentions residence, and for a large share of the audience that is the single biggest line item it skips. WHAT THE MILLION ACTUALLY BUYS Rebuilt with the average pension instead of the maximum, the retirement in the video comes to about $59,450 a year rather than $65,928. The million dollars is still there. The buffer is not. WHAT I CANNOT TELL YOU I do not know your contribution history, your residence years, or when you plan to start. Those three decide almost everything, and they are the three the video assumes away. SOURCES Service Canada, CPP payment amounts, retrieved October 7 2026, covers 2026. Maximum retirement pension at 65: $1,507.65 a month. https://www.canada.ca/en/services/ben... Service Canada, CPP benefit amounts, retrieved October 7 2026, covers July 2026. Average new retirement pension at 65: $858.34 a month. https://www.canada.ca/en/services/ben... Service Canada, Old Age Security payment amounts and residence requirements, retrieved October 7 2026, covers October to December 2026. Maximum at 65 to 74: $762.50 a month. https://www.canada.ca/en/services/ben... Canada Revenue Agency, TFSA contribution room, retrieved October 7 2026, covers 2026. https://www.canada.ca/en/revenue-agen... The $59,450 rebuild and the $7,791.72 gap are my own calculations from the figures above, and the arithmetic is said out loud in the video. What did your CPP statement actually say? Drop the number below. This video is informational and is not financial advice. It contains illustration and narration generated with AI. Every number is sourced above.