Abstract Divorced women, who had been married for an average of 22 years, wrote narrative descriptions of their best possible future selves before the divorce (retrospectively) and after the divorce, rated the salience of these narratives, and completed measures of SWB and ED. Independent raters coded the narratives for amount of elaboration (i.e., vivid detail). The salience of the lost possible self was negatively related to SWB while the salience of the current possible self was positively related to SWB. Elaboration of the found possible self was associated with concurrent ED as well as ED two years later. Lost self elaboration interacted with time since divorce to predict ED, controlling for age and Time 1 ED. Results are interpreted as indicating that, while happiness may require us to avoid thinking about what might have been, maturity might require an awareness of the losses and sacrifices of adulthood.