Abstract Age‐related sleep and circadian rhythm disturbances may be due to altered nonvisual photoreception. Here, we investigated the temporal dynamics of light‐induced melatonin suppression in young and older individuals. In a within‐subject design study, young and older participants were exposed for 60 min (0030‐0130 at night) to nine narrow‐band lights (range: 420−620 nm). Plasma melatonin suppression was calculated at 15, 30, 45, and 60 min time intervals. Individual spectral sensitivity of melatonin suppression and photoreceptor contribution were predicted for each interval and age group. In young participants, melanopsin solely drove melatonin suppression at all time intervals, with a peak sensitivity at 485.3 nm established only after 15 min of light exposure. Conversely, in older participants, spectral light‐driven melatonin suppression was best explained by a more complex model combining melanopsin, S‐cone, and M‐cone functions, with a stable peak (~500 nm) at 30, 45, and 60 min of light exposure. Aging is associated with a distinct photoreceptor contribution to melatonin suppression by light. While in young adults melanopsin‐only photoreception is a reliable predictor of melatonin suppression, in older individuals this process is jointly driven by melanopsin, S‐cone, and M‐cone functions. These findings offer new prospects for customizing light therapy for older individuals.