In America, such a person would probably be called "retired", no different from someone who worked for 40 years in a factory before retiring to live on social s

In America, such a person would probably be called "retired", no different from someone who worked for 40 years in a factory before retiring to live on social security (= small government-provided pension). Being educated at a fancy school doesn't matter unless you're looking for a job in particular industries. A military career can earn some respect, but definitely not prestige.