The reproductive system of human female exhibits a much faster rate of aging than other body systems. Ovarian aging is thought to be dominated by a gradual decreasing numbers of follicles, coinciding with diminished quality of oocytes. Menopause is the final step in the process of ovarian aging. This review focuses on the mechanisms underlying the ovarian aging involving a poor complement of follicles at birth and a high rate of attrition each month, as well as the alternated endocrine factors. We also discuss the possible causative factors that contribute to ovarian aging, e.g., genetic factors, accumulation of irreparable damage of microenvironment, pathological effect and other factors. The appropriate and reliable methods to assess ovarian aging, such as quantification of follicles, endocrine measurement and genetic testing have also been discussed. Increased knowledge of the ovarian aging mechanisms may improve the prevention of premature ovarian failure. The ovary undergoes much more serious effects of age than any other tissues of the body, and the reproductive outcome has been demonstrated to be negatively correlated with age [1,2]. The ovarian aging related follicle number reduction and oocyte quality decay cause the gradual decline in fertility and ultimately natural sterility. Thus, "poor ovarian reserve (OR)" is often used synonymously with "ovarian aging". The variability of ovarian aging among individuals is evident indicated by the large variable age at menopause. This implies that some females remain fertile until the fifth decade of life, which is physiological ovarian aging, whereas others face the loss of natural fertility in their mid-thirties, which is called premature ovarian failure (POF), and is pathological ovarian aging. The mechanisms behind gradual decreasing of the follicle pool and the decaying oocyte quality are far from being totally understood, although some progress involved in the endocrine, paracrine, metabolic and genetic factors has given some light to the complex puzzle.