This study explored the savoring experiences and subjective well-being of eight female elders, with an average age of 76.4 years, participating in a forest therapy program that incorporated savoring strategies from positive psychology. The program consisted of seven sessions: four in-person courses, each lasting 120 minutes, and three self-experience activities. Focus group interviews were conducted after the program, and interpretive phenomenology was used as the research method. The findings are twofold: First, sensory and savoring experiences of the female elders. Essential oils from trees evoked nostalgic memories, visual and tactile activities with forest materials facilitated the flow of past, present, and future experiences, while handmade natural music sparked imagination and self-expression. Second, three aspects contributed to enhancing their subjective well-being. Creative activities fostered positive emotions and a sense of hope, while mutual cooperation encouraged gratitude. The five senses triggered nostalgia, and the female elders believed that cherishing and contentment led to a fulfilling life. Lastly, the sense of connection was expanded through sharing, with the elders recognizing the value of close-knit neighborhood relationships for building a positive community. Discussions and recommendations are provided based on the findings.