This paper reviews existing information on retirement from sport and offers an interpretation of the retirement process that will both challenge widespread assumptions held by sport sociologists and provide hypotheses for future research. The dynamics of the retirement process are discussed for athletes in top-level interscholastic and amateur sports as well as in professional sports. Existing data suggest that retirement for athletes in each of these contexts is not an inevitable source of stress, identity crises, or adjustment problems. It is argued that the dynamics of the sport retirement process are grounded in the social structural context in which retirement takes place. Factors such as gender, race, age, socioeconomic status, and social and emotional support networks shape the manner in which one makes the transition out of sport. Therefore, retirement from sport sometimes may be the scene of stress and trauma but, by itself, it often is not the major cause of those problems.