Gerrard was linked with the MK Dons job after leaving LA Galaxy but said it came too soon.
Here are a few words from his retirement statement: “Following recent media speculation surrounding my future I can confirm my retirement from playing professional football.
“I have had an incredible career and am thankful for each and every moment of my time at Liverpool, England and LA Galaxy.
“I feel lucky to have experienced so many wonderful highlights over the course of my career. I am proud to have played over 700 games for Liverpool, many of which as captain, and to have played my part in helping the club to bring major honours back to Anfield, none more so than that famous night in Istanbul.
“At an international level, I feel privileged to have won 114 England caps and to have had the honour of captaining my country. I will always look back with great pride at every time I pulled on the England shirt.”