Event-based prospective memory involves remembering to perform an action in response to a particular future event. Normal younger and older adults performed event-based prospective memory tasks in 2 experiments. The authors applied a formal multinomial processing tree model of prospective memory (Smith & Bayen, 2004) to disentangle age differences in the prospective component (remembering that you have to do something) and the retrospective component (remembering when to perform the action) of prospective memory performance. The modeling results, as well as more traditional analyses, indicate age differences in the resource-demanding prospective component.