To evaluate and examine the structure of psychological well-being in Iranian society, the present research was carried out in three different phases. In the first phase, the current patterns of well-being were studied and its different aspects for a construct structure were extracted. In the second phase, using available questionnaires in the field of well-being and with the help of mental health experts, a new questionnaire was designed. In the third phase, in order to determine the validity and reliability of the questionnaire, it was administered to 400 students. The results of data and factor analysis showed a different construct structure of psychological well-being in the Iranian society; i.e., our results led to the emergence of a new psychological well-being model specifically tailored for the Iranian society.