CJam, 14 1212 11 bytes
Saved 2 bytes thanks to Sp3000 and 1 byte thanks to Martin Ender
et0=121,f-S*p
Explanation
et0= e# Push the current year
121, e# Push the range 0, 1, ..., 120
f- e# For each item in the range, subtract it from the current year
S*p e# JoinPrint withthe spacesarray