Source : Webster's Revised Unabridged Dictionary (1913)

Retirement \Re*tire"ment\, n. [Cf. F. retirement.]
   1. The act of retiring, or the state of being retired;
      withdrawal; seclusion; as, the retirement of an officer.

            O, blest Retirement, friend of life's decline.
                                                  --Goldsmith.

            Retirement, rural quiet, friendship, books.
                                                  --Thomson.

   2. A place of seclusion or privacy; a place to which one
      withdraws or retreats; a private abode. [Archaic]

            This coast full of princely retirements for the
            sumptousness of their buildings and nobleness of the
            plantations.                          --Evelyn.

            Caprea had been the retirement of Augustus.
                                                  --Addison.

   Syn: Solitude; withdrawment; departure; retreat; seclusion;
        privacy. See {Solitude}.

Source : WordNet®

retirement
     n 1: the state of being retired from one's business or occupation
     2: withdrawal from your position or occupation
     3: withdrawal for prayer and study and meditation; "a religious
        retreat" [syn: {retreat}]