This study investigated whether loss of power with aging is fully accounted for by a decrease in muscle volume. Triceps surae power and volume (VOL) were measured in 18 older (OM: 69-82 years) and 12 younger men (YM: 19-35 years). Isokinetic peak torque was measured to determine torque-velocity and power-velocity relationships. Both peak power observed (PP(obs)) and peak power estimated from Hill's equation (PP(est)) were markedly reduced in the OM (PP(obs) was 45% and PP(est) was 43% of those of the YM). VOL was 81% of that of the YM (p <.001). Specific power (PP(est)/VOL) of the OM was 55.2% of that of the YM (p <.001). Torque at PP(est) accounted for a greater proportion of the decline in PP(est) in the OM than did optimum velocity (50% vs 13%, respectively). Hence, the present results showed that only approximately half of the loss in triceps surae peak power in old age is due to decreases in muscle VOL.