This study was conducted to analyze the impact of retirement in the context of socioeconomic conditions and psycho-social perspectives in Peshawar, Pakistan. In the present review, the focus has been made to examine the influence of various predictors on the quality of life of the retired elderly. A multiple indicator approach, which was based on PLS-SEM, was used to assess the impact of different constructs. Hypotheses were planned and evaluated for each dimension in the analysis. A self-administered questionnaire was used for data collection. Three standard inventories: Scale with Life Satisfaction, Rosenberg Self-esteem Scale, and Aging Perception Questionnaire were adopted and evaluated as a composite outcome measure _ “Quality of Life”, employing Partial Least Square Structural Equation Modeling technique. The coefficient in the model showed that socioeconomic status, Social integration, Health and General Activity has significant contribution to the quality of life. The findings of the study indicated that the relationship between the explanatory variable and outcome variable was strong as R2 = 0.77 in the model. All constructs collectively were accounted for 77% of the amount of variance in the construct of quality of life. The result exhibited that the Social Integration (consisted of two constructs “Social Relationships” and “Consultation”), as a multiple construct, was the strong determinant for Psychological well-being and Quality of Life in the retired elderly of Peshawar.