We examined cross-sectional aging patterns for subscales of the Swedish version of the Zimbardo Time Perspective Inventory in a population-based sample of older adults (60–90 years; N = 447). Alternative methods to assess time perspective balance (DBTP, involving a single Future dimension; S-BTP; and DBTP-E, including in addition, Future Negative), were compared and their relations to subjective well-being (SWB) were examined. Significant negative age relations were observed for Past Negative and Future Negative with a clear age-related increase in Present Fatalistic, while Past Positive, Present Hedonistic, and Future Positive were relatively stable across age. A significant age-related increase in deviation from balance was observed across methods (Cohen’s ds 0.28–0.57), with the highest value for DBTP-E. Overall, S-BTP and DBTP-E were more strongly associated with SWB than DBTP (r = −0.40), with the highest value for DBTP-E (r = −0.53). Analyses of separate age groups (60–65 vs. 70–75 vs. 80–90 years) revealed a trend of weakened association with balance in old-old age, for S-BTP and DBTP-E in particular. This seemed to reflect the fact that negative views of the future are strongly related to SWB in young-old adults but diminish in importance in late senescence (80–90 years). Potential factors behind the observed patterns of results, including deficits in cognitive functioning and physical health to account for the age-related increase in present fatalism, and the potential role of a self-transcendent future time perspective for well-being in old-old age, are discussed.