The 28-year-old made his final appearance off the bench in United's 5-5 draw with West Brom on Sunday, and follows other ex-England internationals Jamie Carragher, David Beckham and Michael Owen to hang up their boots.
Red Devils boss Sir Alex Ferguson also bowed out at the Hawthorns and Scholes, known for his reserved lifestyle, is glad to have been able to avoid much media attention.
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"I love football, have done since I first started kicking a ball as a boy. But I am not interested in the things that go with it. For me, it is about the game, the pleasure of striking a ball. It is not about having my name up in lights."
Scholes initially retired in 2011 before returning in January 2012, but Scholes insists there will be no second U-turn.
"It was obvious to us both [Scholes and Sir Alex] that I was off the pace," he continued. "I knew it deep down and the boss could see it. We didn’t need a long, drawn-out conversation. There will be no comeback this time."
He also praised Ryan Giggs who, like Scholes, has spent his entire career playing at Old Trafford, adding: "He is unreal. He is still one of the quickest and fittest players in the world, and he is almost 40.
“When Gary [Neville], Nicky [Butt], me and David [Beckham] came into the set-up, we idolised him. In some ways, I still do. He could go on for as long as he likes. He’s in a league of his own."