At a press conference Monday, Lance Armstrong announced his intention to retire from professional cycling after going for his 7th Tour de France title in July 2005.
"Ultimately, athletes have to retire," said the 33 year-old American. "The body doesn't just keep going and going."
Speculation on the retirement of the six-time Tour de France winner had been growing in recent months. The Texan had hinted at wanting to spend more time with his children and his cancer charity, the Lance Armstrong Foundation. There was talk he may marry his well-known girlfriend, rock-star singer Sheryl Crow.
Armstrong battled with testicular cancer in 1996 before coming back to win the 1999 edition of the legendary French race. He went on to win the next five Tours de France and is now widely regarded as one of the greatest riders in the history of the sport.
Asked about his chances for Tour success, he expressed hope tempered with praise for his opponents. "Can I win this year? I'm not sure, but I'll try... This will be a different year for the Tour with Jan Ullrich looking better and a host of young riders coming up," he said.
Should Armstrong follow through with his plans, he will begin his final race in the United States tomorrow at the first stage of the Tour de Georgia. He has successfully used the springtime race in the past as a tune-up to the Tour de France in the summer. The contract with his new team sponsor, the Discovery Channel, obligates him to compete in one more Tour de France.

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Armstrong announces retirement from professional cycling