72
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Yes, Bob Dole ran for president against Bill Clinton in 1996.
The incumbent President George H. W. Bush ran for the Republicans in 1992 and lost to Bill Clinton.
When Walter Mondale ran for Vice President in 1976 and 1980, he was Jimmy Carter's running mate. When he ran for President in 1984, his running mate was Geraldine Ferraro (that was the first of two times to date that a woman was one of the major party Vice Presidential candidates).
She's 75
Ronald Reagan was 57 when he ran against Richard Nixon for the Republican Party nomination in 1968, he was 65 when he ran against Gerald Ford for the Republican Party nomination in 1976, he was 69 when he ran against incumbent President Jimmy Carter in 1980, and he was 73 when he ran for reelection in 1984 (he turned 78 less than three weeks after leaving office).