Abstract Protected areas (PAs) serve as critical refugia for forests, helping to maintain ecosystem integrity and carbon (C) sequestration. However, the extent to which the additional C sequestration benefits of protection persist as forests recover remains poorly understood. Here, we coupled a Forest Carbon Sequestration Model with propensity score matching to quantify the spatiotemporal dynamics of C sequestration gains in China’s strictly protected forests. Our analysis covered more than 10 million ha of protected forests over a 70-year period. The carbon sequestration rate (CSR) of protected forests is projected to increase initially, but age-related constraints are expected to intensify as stands mature. Accordingly, the proportion of PA forests with declining CSR is projected to increase from approximately 13% in 2010 to more than 90% by 2035. Counterfactual estimates further indicate that the additional C sequestration attributable to protection will decline by an average of 0.19 t C ha⁻¹ yr⁻¹ between 2010 and 2060 across three emission scenarios, accompanied by a 46.8% decline in the proportion of PAs that sustain positive C sequestration gains. Nevertheless, 63.2% of matched PAs are projected to retain positive C sequestration gains, contributing an additional 51.9 Tg C by the 2060s and increasing C storage by 134% relative to matched unprotected forests. These findings show both the enhancement of protection strategies and the growing risk of age-related C sequestration saturation, posing a challenge to long-term climate stabilization efforts.