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Few studies have examined the relationship between life satisfaction, emotional regulation, and perception of future time in older adults. A total of 31 women and 28 men (age M = 70,51 ± 3,98) were questioned using the Emotion Regulation Questionnaire (2003) by Gross and John, the Life Satisfaction Scale (1989) by Blais et al., and the Future Time Perspective Scale (1996) by Carstensen and Lang. The results show that there is no gender effect, and do not support the motivational theory of Carstensen, Isaacowitz , and Charles (1999), which postulates a link between time perspective and the selection of the most efficient emotional regulation strategies. This research shows that it is the use of compensatory strategies that enables people to continue to be satisfied with their lives despite advancing age. No interaction effect was found between these strategies, gender, or perception of future time on life satisfaction. In the context of an aging population, this study contributes to better understanding the characteristics of well-being in old age.