Autobiographical memory (AM) is an important psychological phenomenon that has significance for self-development and mental health. The psychological mechanisms of emotional AM retrieval and their association with individual emotional symptoms remain largely unclear in the literature. For this purpose, the current study provided cue words to elicit emotional AMs. Event-related potentials (ERPs) associated with the retrieval process of AMs were recorded and analyzed. We found that the ERP component N400 was sensitive to both emotional valence and retrieval state, such that its amplitude was larger for negative compared to positive AMs, and larger responses for unrecalled compared to recalled AMs. Further, the N400 amplitude in the positive recalled condition was correlated with individual difference in depression (measured by the Beck Depression Inventory). Another ERP component, the late positive potential (LPP), was also sensitive to emotional valence, such that its amplitude was larger (i.e., more positive-going) for positive compared to negative cues. No significant effect was observed on the early ERP components P1, N1, or P2. The current findings bring new understanding on the difference between positive and negative AMs retrieval in the time domain. Also, the importance of this difference to the individual level of depression is worth noting.