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Peter O’Toole Announces Retirement From Acting

HOLLYWOOD, CA - APRIL 28:  Actor Peter O'Toole arrives at TCM Classic Film Festival Opening Night Gala and World Premiere of "An American In Paris" at the Grauman’s Chinese Theatre on April 28, 2011 in Hollywood, California.  (Photo by Alberto E. Rodriguez/Getty Images) *** Local Caption *** Peter O'Toole;

At 79 years old, Peter O'Toole is ready to leave his acting career behind. "It is time for me to chuck in the sponge. To retire from films and stage. The heart for it has gone out of me: it won't come back," said the Lawrence of Arabia actor in a statement today. "It's my belief that one should decide for oneself when it is time to end one's stay. So I bid the profession a dry-eyed and profoundly grateful farewell."

Photo: Alberto E. Rodriguez/Getty Images