Most WWER-440 reactors are operated over the planned operational lifetime of 30 years. Now, the owners/operators are preparing for the second phase of extending the operation. The paper presents an overview of the most important aspects of ageing of the main components of the WWER-440-type reactors based on the operational and ageing management experiences and primary research efforts supporting the operation. The paper aims to demonstrate that the expectations for the operability of these reactors for up to 60–70 years are realistic. The scope of the review is limited to the ageing of the reactor pressure vessel, vessel internals, and steam generator, which are the lifetime-limiting components besides the containment structure. Some of the corrective actions, improvements of in-service inspections, maintenance, and ageing management are also considered in the paper. It is shown that the selection of materials and unavoidable material degradation processes do not limit the operation of the WWER-440 reactors for up to 60–70 years under the established operational environment and ageing management practice.