Decades go into building it. The title, the team, the office with the view, and an identity so closely fused with the role that colleagues introduce you as the role. Then it ends, by choice or circumstance or the calendar.
Writing about what follows is unusually full of invented statistics, so it is worth starting with what can actually be shown.
What the Evidence Says, Including the Part That Is Inconvenient Here
Kubicek, Korunka, Raymo and Hoonakker examined psychological well-being in retirement for the Journal of Occupational Health Psychology in 2011. Their sample averages showed “a decline in psychological functioning … and in depressive symptoms from working life to retirement”, and at the same time retirees reported “moderate to high levels of positive psychological functioning and low levels of depressive symptoms”.
Read both halves. There is some average movement, and the people in question are mostly doing well. Drawing on Wang’s longitudinal work, the same paper notes that “people differ … in their ability to adjust to retirement” according to the resources available to them.
That is a less dramatic picture than the one usually sold alongside executive transition services, and it matters in two directions. Leaving a role is not a reliable catastrophe, so anyone implying it is has something to gain. And the variation between people is large, which means averages are a poor guide to what any particular exit will do.
Worth saying plainly: an earlier version of this article cited a longitudinal study finding that over 60 per cent of retiring executives reported significant distress, complete with a quoted technical term. No such source was named, and none has been found. It has been removed.
The Architecture That Makes Leaving Hard
What follows is a reading rather than a finding.
Over a couple of decades, a senior role stops being a thing you do and becomes the frame through which other things get sorted. Relationships organise around it: who calls, who defers, who needs something. The day organises around it. So does the year, in quarters and board cycles. So does the sense of being competent and relevant.
This absorption is not accidental, because it is rewarded. The more completely someone inhabits the role, the more effective they appear and the more authority accrues. An executive identity built to make the holder hard to replace is, by the same construction, hard to detach from.
Ibarra and Barbulescu found that major role transitions require a revised narrative about oneself, not only new skills, and that failing to revise the story is a significant barrier. An exit removes the role immediately and leaves the narrative in place, still accurate about a situation that no longer exists.
The Most Developed Map, and Where It Stops Helping
Ebaugh’s study of role exit rests on interviews with 185 people who left roles central to who they were: ex-convicts, divorced people, retirees, ex-nuns, ex-doctors, ex-cops and others. She describes a progression from “disillusionment with a particular identity, to searching for alternative roles, to turning points that trigger a final decision to exit, and finally to the creation of an identity as an ex.”
For an executive who left because of the calendar or a board decision, the first three stages did not happen. There was no disillusionment, no search for alternatives, no turning point that they chose. The model hands them the last stage on its own.
That last stage is worth keeping, though, because of how it is phrased. The task is the creation of an identity as an ex. Construction, not recovery. Nothing is being restored to a previous state.
The Losses That Get Named Less Often
Accounts of this transition usually start with purpose, structure and status. A more specific set tends to sit underneath, and these are descriptions rather than measured findings.
- Consequential agency. Not deciding, but deciding at a scale where an organisation then moves. That is rare outside senior roles and nothing in retirement replaces it neatly.
- The social architecture. A network that assembled itself around a position does not necessarily survive the position. Some of what felt personal was structural, and the distinction only becomes visible afterwards.
- The scoring system. Quarterly results, team performance, board evaluations: a steady supply of external evaluation. Without it, the question of whether you are doing well has no obvious method.
- The next thing. In role there was always a next quarter and a next level. Afterwards the forward narrative has to be written from nothing, which is a skill the career did not require.
Deci and Ryan identify autonomy, competence and relatedness as basic psychological needs. An exit tends to deliver autonomy in quantities nobody asked for while removing the structures through which the other two were being met.
Three Responses That Function as Anaesthetic
Still a reading rather than a finding, and each of these is a reasonable thing to do for other reasons.
- Taking the next role quickly. Board seats, advisory positions, another executive job. If the appeal is restoring the familiar structure rather than the work itself, the question simply waits for the next ending.
- Swapping the scoreboard. Charity boards, endurance events, a book. The drive is not the problem. An unexamined link between achievement and worth does not dissolve by changing which achievements count.
- Legacy management. Intense attention to how the career will be remembered. Sometimes this is grief looking for a permissible shape.
What Can Honestly Be Said About the Work
There is no evidence here for a timeline, so none is offered. Claims about how many months this takes are easy to write and impossible to support.
What the evidence does support is narrower. Adjustment varies substantially between people according to the resources they have, which makes the useful question about resources rather than about stages. And since the frameworks someone would use to assess themselves were largely built inside the role, that assessment is genuinely hard to do alone.
And if what is happening has moved past a question about work and is affecting how you function, that belongs with a licensed professional. Nothing here substitutes for one, including the assessment below.
What the Role Was Holding Up
The question worth asking before an exit, and available after one, is how much of the structure was role-derived. The Executive Identity Profile is a confidential assessment of where your sense of worth currently rests across five dimensions, and which of them is carrying more than it should. It takes about ten minutes, and it opens a conversation rather than closing one. Begin your profile here.
If this was worth your time, there is a letter. One short piece a week on identity, self-worth and the arithmetic of senior work. It costs nothing, and leaving takes one click. See what arrives.
References
- Kubicek, B., Korunka, C., Raymo, J. M., & Hoonakker, P. (2011). Psychological well-being in retirement: The effects of personal and gendered contextual resources. Journal of Occupational Health Psychology. https://doi.org/10.1037/a0022334
- Wang, M. (2007). Profiling retirees in the retirement transition and adjustment process: Examining the longitudinal change patterns of retirees’ psychological well-being. Journal of Applied Psychology, 92(2), 455–474. https://doi.org/10.1037/0021-9010.92.2.455
- Ebaugh, H. R. F. Becoming an Ex: The Process of Role Exit. University of Chicago Press.
- Ibarra, H., & Barbulescu, R. (2010). Identity as narrative: Prevalence, effectiveness, and consequences of narrative identity work in macro work role transitions. Academy of Management Review, 35(1), 135–154. https://doi.org/10.5465/amr.2010.45577925
- Deci, E. L., & Ryan, R. M. (1985). Intrinsic Motivation and Self-Determination in Human Behavior. Plenum.
Further Reading
If this resonated, these go deeper. You can also browse the full Research Library for all recommendations.
- Act Like a Leader, Think Like a Leader by Herminia Ibarra. A practical framework for leaders navigating identity transitions; grounded in the research that becoming a new kind of leader requires acting before you feel ready.
- Immunity to Change by Robert Kegan & Lisa Lahey. A diagnostic framework for understanding why smart, motivated people fail to change, and what the competing commitments underneath that resistance actually are.
- Think Again by Adam Grant. On the value of intellectual humility and the willingness to rethink conclusions; a counterweight to the certainty that senior roles seem to demand.
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