The present study investigated the relationship between intrinsic motivation and the subjective experience of time passing. The Work Preference Inventory, which measures trait intrinsic and extrinsic motivation, was administered to 75 undergraduate participants. Measures of time awareness, time estimation, checking of time, and perceived speed of time were collected using the experience sampling method. Participants carried electronic schedulers for five days and completed questionnaires each time the scheduler sounded (eight times per day). Results showed that higher intrinsic motivation was associated with checking and thinking about time less often, a subjective experience of time passing more quickly, and more of a tendency to lose track of time. The experience of time awareness was accompanied by a subjective sense of time moving slowly, a tendency to overestimate the time, and a more negative affective experience. These findings suggest that time perception is an important dimension of motivational experience.