The influence of material time dependency and anisotropy in the context of two specific flywheel designs -preload and multi-directional composite (MDC)- is investigated. In particular, we focus on the following aspects: 1) geometric constraints, 2) material constraints, 3) loading type, and 4) the fundamental character of the time-dependent response, i.e., reversible or irreversible. The bulk of the results presented were obtained using a composite (PMC IM7/8552 @135° C) material system. The material was characterized using a general multimechanism hereditary (viscoelastoplastic) model. As a general conclusion, the results have clearly shown that both the preload and the MDC rotor designs are significantly affected by time-dependent material behavior, which may impact the state of rotor balance and potentially reduce its operating life. In view of the results of the parametric studies and predictions made in the present study, the need for actual experimentation focusing on the time-dependent behavior of full-scale flywheel rotors is self-evident.