All the songs I can find with the lyrics similar "paths (that) we choose" or "roads (that) we choose" are by more recent artists.
Perhaps you thinking of one of these two versions of the same song:
"Those Were The Days" by The Limeliters (early 1960's)
"Those Were The Days, My Friend" by Mary Hopkin (1968).
Those were the days, my friend
We thought they'd never end
We'd sing and dance forever and a day
We'd live the life we choose
We'd fight and never lose
For we were young and sure to have our way
Them that can, do; them that can't... memorize Artist and Title