"I'm trying not to use the word retirement. I don't even know what that means," he tells People. "I'm not looking for future work. I'm so fortunate to be able to make that choice."
And while Kelly's life will certainly change once he comes off the road, he tells People he's "not troubled by living a smaller life."
Foreigner guitarist Luis Maldonado will take over frontman duties when Hansen leaves. A complete list of Foreigner dates can be found at Foreigneronline.com.