Meaning of “retirement” - Learner’s Dictionary

retirement

noun [ C, U ] us uk /rɪˈtaɪəmənt/
Extra Examples
Mike opted for early retirement.Graham's retirement was unexpected.The managing director is expected to take early retirement next year.The company has announced the retirement of its sales director.She received a generous payment on her retirement.
STOP WORKING

B2 the time at which you leave your job and stop working, usually because you are old:

He's taking early retirement.
TIME

B2 the period of your life after you have stopped working:

We wish you a long and happy retirement.

(Definition of “retirement” from the Cambridge Learner’s Dictionary © Cambridge University Press)