The current study examined the impact of size of social network on subjective well-being of elderly, mainly focused on confirmation of the mediator role of perceived social support. The results revealed that both size of social network and perceived social support were significantly correlated with subjective well-being. Structural equation modeling indicated that perceived social support partially mediated size of social network to subjective well-being. The final model also revealed significant both paths from size of social network to subjective well-being through perceived social support. The findings extended prior researches and provided valuable evidence on how to promote mental health of the elderly.