The 43-year-old leaves the game as one of the most decorated players in Victorian cricket history.
He amassed more than 33,000 runs across the three forms of the game domestically and his tally of 7,406 T20 runs is the sixth-most of all time.
Hodge returned to the Renegades ahead of BBL|07 and played seven games in his second instalment with the Club but his campaign was ultimately cut short by appendicitis.
“I think it was always in my mind before the season even started that I just wanted to try and contribute to the Renegades season and make an impact and then I was always going to call it a day,” Hodge told SEN.
“It was nice to be able to play and be a part of it but it didn’t finish as we all wanted, but in sport it never does.”
Hodge represented Australia in Test, One-Day and T20 cricket. He played 46 matches at international level across the three formats.
He recorded a highest score of 203 not out in the Test series against South Africa in 2005.
“To be successful across all three forms of the game is something I’m proud of,” Hodge said.
“Being part of teams for 25 years – that’s a pretty important part – and says you’ve endured a few knocks and you’ve had some great success along the way.”
Hodge will coach Kings XI Punjab in the Indian Premier League, but doesn’t expect to pursue a coaching career in Australia in the short-term.
“You never know what’s around the corner but for me it will be nice to enjoy a summer away from Victoria or away from cricket … that would be pretty nice to take the kids away on a holiday and do something normal for a change,” he said.