George Washington
At the end of his second term, Washington retired for personal and political reasons, fatigued and disgusted with personal attacks, and to assure a truly contested presidential election could be held. He did not feel bound to a two-term limit, but his retirement ultimately set precedent. The two-term limit to the presidency was formalized with the 1951 adoption of the Twenty-second Amendment to the United States Constitution. Washington is often credited with setting the principal of a two-term presidency, but it was Thomas Jefferson who first refused to run for a third term on political grounds.
President of the United States
Pursuant to the Twentieth Amendment, the four-year term of office for both the president and vice president begins at noon on January 20. The first presidential and vice presidential terms to begin on this date, known as Inauguration Day, were the second terms of President Franklin D. Roosevelt and Vice President John Nance Garner in 1937. Previously, Inauguration Day was on March 4. As a result of the date change, the first term (1933–37) of both men had been shortened by days.