Any data on that drive can be copied/saved to the new drive.
However if you are thinking you can just copy and run programs it just will not work.
Programs need to be installed on the drive and in the OS they are going to run on...they cannot just be copied to a drive and used.
You will have to re-install any of the programs you want to use on the new machine.
But as i said all your data i.e. pictures, movies, text files etc can simply be copied and used as is...