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A good retirement gift is something that is personalized to the specific likes and dislikes of the receiver. For example, it is very common to get someone fishing poles, golf clubs, or some sort of lesson for someone who is retiring. If the person enjoys these things or wants to do them, these can be a great gift.
As the person who is retiring most likely now has more time to put towards hobbies, both new and old, buying them a gift that facilitates that hobby is a great idea. If they enjoy knitting, you can get them nice supplies for that. Maybe they are big foodies, and you can buy them either a kitchen item or a gift card to a really nice restaurant.

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