The objective of this work is to examine the factorial structure and the internal consistency of a Spanish version of the Purpose in Life Test, to propose an accurate psychometric scale. Results of a previous study, in which exploratory factor analysis resulted in a scale with ten items and two correlated factors, are developed. In the current study a confirmatory factor analysis is carried out and internal consistency was estimated among 916 Spanish undergraduates (264 males, 652 females, aged 18–42, M = 22.33, SD = 4.26). The results supported the proposed model, which showed a good fit and a high internal consistency.