Wagner, sixth all-time with 387 career saves, says he will retire so he can spend more time with his wife and four children.
The 38-year-old left-hander has a $6.5 million option for 2011 if he finishes 50 games this season. He says he already has decided he'd rather spend more time with his children on his Virginia farm.
Wagner is chasing John Franco's record of 424 saves by a left-hander.
Braves general manger Frank Wren says Wagner's decision is not a complete surprise.
Atlanta Braves closer Billy Wagner / photo: Associated Press
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