Manny Pacquiao officially announces retirement from boxing

"It is difficult for me to accept that my time as a boxer is over," he said in a social media video accompanying his retirement statement. "I never thought that this day would come. As I hang up my boxing gloves, I would like to thank the whole world, especially the Filipino people, for supporting Manny Pacquiao." 

Pacquiao, who turns 43 in December, won 12 world titles over the span of his career and is the only fighter in boxing history to tally wins in eight weight divisions, among other big accomplishments.

"Even me, I'm amazed at what I have done," Pacquiao said. "The only boxer to hold world titles in four different decades and became the oldest boxer to win a world welterweight title, an amazing accomplishment."

Pacquiao (62-8-2, 39 KOs) last fought one month ago in a fight that ended with a decision loss to Yordenis Ugas. He faced Ugas on 11 days' notice after his original opponent, Errol Spence Jr., had to withdraw in order to have surgery on a detached retina.

The "Pacman" isn't completely bowing out of the spotlight, though. The current sitting senator in the Philippines plans to run for president of his native country next May.