Based on his speech so far I'm lead to believe he may retire from the Senate altogether but I'm unsure if that's his intention. His speech is somber enough where I wonder how much he really has left. He's 82 years old!
Correction - no he's just retiring from the leader position. This man seems to want to die in his office. Either way, new Senate Majority (or minority leader ) incoming based on how the 2024 elections shake out.
Mitch McConnell to step down from Senate leadership | AP News