How does physiological reactivity to emotional experiences change with age? Previous studies addressing this question have mostly been conducted in laboratory settings during which emotions are induced via pictures, films, or relived memories, raising external validity questions. In the present research, we draw upon two datasets collected using ecological momentary assessment methods (totaling 134,723 daily reports from 14,436 individuals) to examine age differences in heart rate (HR) and blood pressure (BP) reactivity to naturally occurring emotional experiences. We first examined how older and younger individuals differ in the prevalence of emotions varying in valence and arousal. On average, people reported experiencing positive emotions (high or low arousal) more than 70% of the time they were asked, and older (vs. younger) individuals tended to report positive emotions more frequently. In terms of physiological reactivity, we found that age was associated with reduced HR and BP reactivity. Some evidence was also found that the magnitude of such age differences may depend on the valence or arousal of the experienced emotion. The present findings have implications for understanding how emotions can contribute to physical health across the lifespan.