Four-time world champion Sebastian Vettel will retire from Formula 1 at the end of the season.

Vettel won all four of his championships with Red Bull between 2010 and 2013 and is third on the all-time list of Grand Prix winners with 53 victories.

“I have had the privilege of working with many fantastic people in Formula 1 over the past 15 years – there are far too many to mention and thank,” said Vettel. “Over the past two years I have been an Aston Martin driver – and although our results have not been as good as we had hoped, it is very clear to me that everything is being put together that a team needs to race at the very highest level for years to come.

“I have really enjoyed working with such a great bunch of people. Everyone – Lawrence [Stroll], Lance [Stroll], Martin [Whitmarsh], Mike [Krack], the senior managers, the engineers, the mechanics and the rest of the team – is ambitious, capable, expert, committed and friendly, and I wish them all well.

“I hope that the work I did last year and am continuing to do this year will be helpful in the development of a team that will win in the future, and I will work as hard as I can between now and the end of the year with that goal in mind, giving as always my best in the last 10 races.

“The decision to retire has been a difficult one for me to take, and I have spent a lot of time thinking about it; at the end of the year I want to take some more time to reflect on what I will focus on next; it is very clear to me that, being a father, I want to spend more time with my family.

“But today is not about saying goodbye. Rather, it is about saying thank you – to everyone – not least to the fans, without whose passionate support Formula 1 could not exist.”