The midfielder, who turned 38 earlier this month, was reportedly offered a new one-year-contract by Paris Saint-Germain but has chosen to end a 20-year football career.He will quit at the end of the season, with his final game away to Lorient on May 26.
He said in a statement: "I'm thankful to PSG for giving me the opportunity to continue but I feel now is the right time to finish my career, playing at the highest level."
Beckham won league titles in four countries with Manchester United, Real Madrid, Los Angeles Galaxy and PSG, and also enjoyed two spells on loan at AC Milan.
He won 115 England caps, placing him second all-time behind Peter Shilton, scoring 17 goals and playing at three World Cups.
Beckham added: "If you had told me as a young boy, I would have played for and won trophies with my boyhood club Manchester United, proudly captained and played for my country over one hundred times and lined up for some of the biggest clubs in the world, I would have told you it was a fantasy. I'm fortunate to have realized those dreams.
"To this day, one of my proudest achievements is captaining my country.
"I knew every time I wore the Three Lions shirt, I was not only following in a long line of great players, I was also representing every fan that cared passionately about their country.
"I'm honored to represent England both on and off the pitch... I want to thank all my team-mates, the great managers that I had the pleasure of learning from. I also want to thank the fans who have all supported me and given me the strength to succeed."
PSG wrapped up the Ligue 1 title on Sunday with a 1-0 win at Lyon - Beckham has played 13 times for the French team since joining on January 31.
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