Retirement is a special option that you may choose to do after you kill the final boss. Choosing retirement prevents you from playing as that character, but you may choose to play as a descendant of him/her. The descendant can be either male or female, and gets various perks as the result of being a descendant of a hero. One of the benefits is that the new hero starts out at level two, as well as choosing one item to inheirit from the original hero. That chosen item is granted (extra) magical benefits, and if it is a weapon or piece of armor its current magical capabilities are augmented by 25% as well. You may also retire a descendant character, and retire that character descendant, and so on (benefits are cumulative).