His first step in quitting life as a Hollywood star? Leaving Hollywood, the town. "It's so hard to go out in L.A. I'm going to move," Phillippe said. "I'm going to spend a third of my year in New York," he added, explaining he's been looking at pads in NYC's SoHo neighborhood.
One of the reasons Phillippe's ready to stop being a celeb? The focus on his busy love life -- his rocky divorce from Reese Witherspoon, his on-again, off-again relationship with Amanda Seyfried, his ex-girlfriend Alexis Knapp's pregnancy and more.
"I'm a good guy," he insisted. "I'm not that guy you read about."
UPDATE: A source close to the star insists to Us Weekly: "He's been talking about expanding his talents to producing and directing, but never give up acting. He's not retiring from acting anytime soon!"