The expansion of CD8⁺CD28^– T cells, a population of terminally differentiated memory T cells, is one of the most consistent immunological changes in humans during aging. CD8⁺CD28^– T cells are highly cytotoxic, and their frequency is linked to many age-related diseases. As they do not accumulate in mice, many of the molecular mechanisms regulating their fate and function remain unclear. In this paper, we find that human CD8⁺CD28^– T cells, under resting conditions, have an enhanced capacity to use glycolysis, a function linked to decreased expression of the NAD⁺-dependent protein deacetylase SIRT1. Global gene expression profiling identified the transcription factor FoxO1 as a SIRT1 target involved in transcriptional reprogramming of CD8⁺CD28^– T cells. FoxO1 is proteasomally degraded in SIRT1-deficient CD8⁺CD28^– T cells, and inhibiting its activity in resting CD8⁺CD28⁺ T cells enhanced glycolytic capacity and granzyme B production as in CD8⁺CD28^– T cells. These data identify the evolutionarily conserved SIRT1–FoxO1 axis as a regulator of resting CD8⁺ memory T cell metabolism and activity in humans.