What is Retirement ?
Retirement is (noun) 1. the act of retiring from work He was given a watch as a retirement present. He claims that the pension he’ll get on his retirement won’t be sufficient. to take early retirement to leave work before the usual age I enjoy my work and I don’t want to take early retirement. 2. a period of life when you are retired He spent his retirement in his house in France. Most people look forward to their retirement.
source: Easier English, Student Dictionary Upper Intermediate Level