Origin: Latin suffix -ment
Retirement has 4 different meanings across 1 category:
the state of being retired from one's business or occupation
"After thirty years in construction, he finally enjoyed his retirement by traveling every weekend."
withdrawal from your position or occupation
"After thirty years of service, he announced his retirement to finally enjoy time with his grandchildren."
withdrawal for prayer and study and meditation
"the religious retreat is a form of vacation activity"
An act of retiring; withdrawal.
"After twenty years at the helm, the CEO made his retirement from the company official yesterday."
In plain English: Retirement is when you stop working full-time because you have earned enough money to live without a job.
"Many people dream of enjoying their retirement after working for forty years."
Usage: Retirement most commonly refers to leaving one's job after reaching an age where work is no longer expected or desired. It specifically denotes the end of a career rather than any temporary break from employment.
The word comes from the French term retirement, which is derived from the verb meaning "to withdraw." It entered English as a noun formed by adding -ment to the existing word for withdrawing oneself from active life or work.