retirement
US /rɪˈtaɪr.mənt/
UK /rɪˈtaɪr.mənt/

1.
the action or fact of leaving one's job and ceasing to work
:
•
He is looking forward to his retirement next year.
•
She celebrated her retirement after 30 years of service.
2.
the period of one's life after ceasing to work
:
•
He enjoys his retirement by traveling the world.
•
Many people plan for their retirement years.