Transitioning from an active life of work to retirement is one of the most challenging developmental tasks of aging. For many people, work is a source of accomplishment, achievement, and identity. At the same time, work can evoke considerable hardship in life, including indecent work conditions, harassment, bullying, and ongoing to struggles to attain and sustain decent work (Blustein, 2019). In this presentation, we present a model of decent retirement based on psychology of working theory (PWT; Duffy et al., 2016). This model is based on the premise that the conditions and psychological resources that support satisfying work and well-being are also important in facilitating retirement. We define decent retirement from the perspective of PWT, which is constructed around an integrative view of macro-level factors (economic constraints and marginalization) with relevant psychological factors, which shape the transition from active work to need fulfillment, life satisfaction, and adjustment to retirement. Following a conceptual and developmental review of the model on decent retirement, we then provide directions for future research and public policy. Implications for the retirement transition are also reviewed with a focus on how applied psychologists and counselors can support people entering and managing the transition to retirement.