This paper studies an agent's consumption/portfolio and retirement problem,in which the dividend-payment of risk assets as well as the utility loss from labor are considered.The agent has an option to retire from his work.Before retirement the agent receives labor income but suffers a utility loss due to work,however,by deciding to retire from work,he saves the utility loss but gives up labor income.The agent utility comes from consumption,which is directly influenced by utility loss due to labor.We obtain an explicit solution for the agent's critical wealth level and optimal consumption/portfolio strategy by using dynamic programming methods to solve a free boundary value problem.