While previous studies indicate that personality traits influence the likelihood of divorce, the processes that drive this relationship have yet to be examined. Accordingly, the current study utilized a nationally representative, longitudinal sample (N = 8,206) to test whether relationship satisfaction is a pathway by which personality traits influence relationship dissolution. Specifically, we examined 2 different pathways: the enduring dynamics and emergent distress pathways. The enduring dynamics pathway specifies that the association between personality and relationship satisfaction reflects ongoing relationship dynamics, which are presumed to be stable across a relationship. In contrast, the emergent distress pathway proposes that personality leads to worsening dynamics across the course of a relationship, which is indicated by changes in satisfaction. For each pathway, we assessed actor, partner, and combined effects for the Big Five. Results replicate previous research in that personality traits prospectively predict relationship dissolution. Both the enduring dynamics and emergent distress pathways served to explain this relationship, though the enduring dynamics model evidenced the largest effects. The emergent distress pathway was stronger for couples who experienced certain life events, suggesting that personality plays a role in adapting to changing life circumstances. Moreover, results suggest that the personality of the dyad is important in this process: Above and beyond actor effects, partner effects influenced relationship functioning (although the influence of combined effects was less clear). In sum, the current study demonstrates that personality traits shape the overall quality of one's relationship, which in turn influences the likelihood of relationship dissolution.