Zeevi, 35, took part in four Olympics but won only a bronze medal at the 2004 Athens Games. His first-round defeat in london this year to German Dimitri Peters was his last bout.
"The last few months have not been easy, I felt things I hadn't felt previously. It started with the defeat in London... and suddenly I realised that I had no more aims, I had fought my last bout and it made recovery from the loss so much more painful," Zeevi told reporters.
Zeevi won nine European championship medals including four golds, and a world championship silver in the open category.
Known by his nickname Arik, he became the oldest European champion in his weight division when he won the title for the fourth time in April.