This study tested whether the aging of executive functioning is linked to the decline in planning performance. Participants were divided into three groups: group 1 composed of 15 adults with a mean age of 22.7 years, group 2 composed of 15 adults with a mean age of 68.1 years and group 3 composed of 16 adults with a mean age of 78.75 years. Each participant took tests for shifting, inhibition, updating and processing speed. Planning was evaluated by the Tower of Hanoi task with 3 and 4 disks. Analyses of variance showed a main age effect on the many executive functioning and planning measures assessed. Analyses of regression indicated that combined processing speed and shifting accounted for 58.33% of performance on the 3-disk version, while processing speed accounted for only 36.86% of performance on the 4-disk version. These results are discussed in relation to two levels of the planning process: formulation and execution.