"Retirement is the status of a worker who has stopped working. This usually happens upon reaching a determined age, when physical conditions don't allow the person to work any more (by illness or accident), or even for personal choice (usually in the presence of an adequate pension). The retirement with a pension is considered a right of the worker in many societies, and hard ideological, social, cultural and political battles have been fought for this right to be granted."
Source: Wikipedia
"Retirement is still a relatively new phenomenon, when you look back just a century ago. We have come to look at work very differently, on a lot of levels. A century ago, a very small fraction of people actually retired from their work.
There are estimates out there that show that up to one third of all families are not saving up enough money for retirement.
Experts say it is good to approach retirement as a whole new fresh phase of your life, as opposed to looking at it as an end to a prior way of life." Source: Hub Pages