👉 Retirement is a period of life when an individual's employment is ended and their financial resources are retired. It typically occurs after a certain age, such as 65 years old or beyond, at which point they become entitled to receive Social Security benefits, unemployment compensation, and other forms of retirement income. The term "retiral" comes from the Latin word "retire," which means to retire or end employment. In many countries, retirement is a formal part of an individual's life,