Referring to, relating to, or designed for people who are no longer working for a living: Pete's parents will be going to a retirement community where they will be living from now on.

1. The act of ending a working or professional career: Sue's mother decided to take an early retirement.

The working staff is smaller now because of several retirements.

2. The period after a person has permanently stopped his or her job or profession: The staff wished her a long and happy retirement.
3. Money which a person receives from a savings plan or a pension once he or she is no longer involved in a career nor working for a living: The family can live fairly well on the father's retirement.

The age at which workers generally are no longer required to work for a living; especially, the age at which a pension is payable: The union contract for the agency stipulates an open retirement age for union members; in other words, there is no mandatory age for retirement.

A system for saving money for use during the time when a person is no longer working: Dale's employer is offering a very good retirement plan.