Australia's former captain retired from Test cricket in December last year to bring his international career to Unhaah but he continued to play at the local level since then.
Ponting, who currently plays for Surrey in all three forms of the game, will retire after playing for Mumbai Indians in the Champions League in October.
Ricky Ponting will retire from all forms of cricket after the Champions League in October: Over and out
Ponting bending OUT
After deciding legend Australian Ricky Ponting to call it a day and retired from all forms of cricket, read Sportsmail Paul thoughts Newman here and Nasser Hussain HERE
He said Tasmania's 38-year-old: "While I'm enjoying my cricket as much as ever, and it feels just like the right time to finish the play.
'My body and mind are in great shape, and I know I'm really going to enjoy these last few months before the next phase of life begins.'
Has played cricket Ponting non-stop since his retirement from international football, and expressed his pride to win the Sheffield Shield - equivalent to Australia from County Championship - this year.
Final bow: Played past Ponting testing him for Australia against South Africa in December last WACA
Crush: Ponting led Australia to a 5-0 whitewash over England in the 2006-07 Ashes
Ponting BY NUMBERS
168 - Hats Test match. Sign-up for the Australian he holds jointly with Steve Wu.
13.378 - Test match runs to make it the second most prolific batsman of all time behind Sachin Tendulkar.
41 - Test centuries to leave him third in the all time list.
257 - his highest test score, against India in Melbourne in 2003.
48 - owner of the world record number of Test wins as captain.
51.85 - Average test.
5 - wicket Test match.
375 - one-day internationals to make it more and was crowned the Australian and the fifth most in general.
230 - his record for most ODIs as captain.
13,704 - ODI runs to leave him second in the all-time list behind Tendulkar.
30 - the second most ODI centuries, behind Tendulkar again.
3 - World Cup titles.
2 - World Cup winning captain.
42.03 - ODI average.
98 * - highest degree Twenty20, in his first international match ever in the shortest form against New Zealand.
2 - Number of Twenty20 half centuries in 17 international appearances.
He said: 'to win the Sheffield Shield with Tasmania in my last game in Australia played at Blundstone Arena, and will forever be close to my heart the memory. It is one of a lifetime of memories that will become even more special for me to retire.
"I am very grateful for the opportunities that cricket has given me.'ve Played with so many outstanding people at all levels of cricket with lifelong friendships. '
Ponting will play for Surrey until the end of July before heading to the West Indies to play for tropical sea turtles Antigua in the Caribbean inaugural Premier League.
The batsman then played for Mumbai Indians - who were represented in this year's IPL - in the Champions League in October, before calling it a day.
Ponting says he is excited at the prospect of spending more time with his family and on the golf course once he retires.
'I am excited about what lies ahead in the future, "he said.' We are moving to Melbourne, which will serve as a new beginning as a family and lead a more normal life.
'I will be able to spend more time with family and friends, playing golf more often and see more of the North Melbourne footy games.
'Rianna and I will continue working in the construction of the Ponting Foundation, and with more time on my hands, and I intend to spend more time with children with cancer and their families.
'I'm considering a couple of options in the media for cricket and I am very fortunate to have a wonderful group of business partners that I will continue to work with.
Star sign: The 38-year-old playing in Surrey in the English county season this year
Sparkle: Ponting won the World Cup three times in a row, including the captain in 2003 and 2007
'My CV come out in late October, so I've also got a busy few months on a book tour when I come back. I got a taste of the demands of the field out of the training, guidance and leadership in Mumbai. I would like to do more of this in the future. '
Ponting played 168 Tests and 375 international matches for one day for his country, averaging 42.03 with the bat 51.85 respectively.
He will play in the Surrey County Championship match against Yorkshire in هيدينغلي as of Friday.
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