The paper focuses on older migrants’ life satisfaction. We inquire what lies behind their life satisfaction and what role the satisfaction with the migration decision plays in their general life satisfaction. The paper draws on 56 in-depth interviews with older Italians and Germans in Switzerland. Research participants were generally satisfied with their migration decision. Sources of life satisfaction were family, social relations, professional career, and financial stability. The same themes emerged in discussions of the satisfaction with the migration decision and overall life satisfaction, revealing that migration is a means to achieving life goals. Yet, respondents did not explicitly refer to migration when reflecting on their life satisfaction.