Avicii, 26, made the announcement in a heartfelt open letter to fans on his website, saying he has "too little left for the life of a real person behind the artist", reported Billboard.
"Thank you for letting me fulfill so many of my dreams. I will be forever grateful to have experienced and accomplished all that I have with the help of the team around me and my beloved fans," he wrote.
"My path has been filled with success but it hasn't come without its bumps. I've become an adult while growing as an artist, I've come to know myself better and realise that there's so much I want to do with my life."
The DJ and producer concluded by saying he could never say never to coming back to music, adding, "I could be back ...But I won't be right back."
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