Retirement refers to the period in a person's life when they choose to leave their job or stop working, usually due to age or after reaching a certain level of financial security. It often signifies a transition from a working life to one that may involve leisure, travel, and personal projects.
The word "retirement" originates from the Latin word "retirare," which means "to draw back." It evolved through Old French "retirer," meaning "to withdraw," and entered English in the late 14th century, initially referring to a place of refuge or retreat before adopting its modern meaning related to work cessation.