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The purpose of this study was to highlight the importance of leisure activities as a way for happy old age for Korean baby boomer generation and Japanese Dankai generation, and to analyze two group the differences. A survey questionnaire was administered to prospective Korean and Japanese participants from October 1 to December 30, 2018. 170 Korean and 157 Japanese participants’ answers on the questionnaire were valid for the present study analysis. Results showed that there were four factors for retirement preparation, four factors, leisure activity, and two factors, life satisfaction. There was a significant influencial relationship among retirement preparation, leisure activity type, and life satisfaction. Also, it was verified that there were significant differences between the two groups.