The article analyzes various factors of life satisfaction of people of elderly and senile age. At the theoretical level, the assumption is that the integrating condition of satisfaction with life at this age is the central life idea (purpose, meaning). A generalized model of life satisfaction, based on the coordinates determining the common life idea (altruistic or egoistic) and the position of personality activity (creative or passive) is proposed. In the psychological space formed by these coordinates, one can identify the aspirations of the person himself (his “I want”), his real capabilities (“I can”), as well as expectations on the part of people relevant to him both in relation to “I want” and in relation to “I can”. The model allows reflecting the contradictions between the “I want” and “I can” of this person, as well as the contradictions between his intentions, self-esteem and expectations on the part of people relevant to him. When different elements of satisfaction do not coincide, problems arise and crises in the development of the elderly and old man. More concrete models of self-determination at the considered age in relation to their past, to the real present and prospective future are presented. The models of life satisfaction are proposed for further analysis: a creative model (search for new goals and opportunities for development), a model of “right” life (passive realization of the stereotypes of a pensioner's life), a “paternalistic” model (caring for others), a model of “ignoring” old age, the model of protection of their rights (in the conditions of imperfection of pension systems), the models of struggle for survival (in the conditions of sharp deterioration of health), the model of preparation for death, the model of self-assertion and the model of comprehension of the lived. Promising hypotheses of further research are formulated, reflecting possible options for complementarity and conflict of different models.