On retiring, the place of your dreams (7)
I believe the answer is:
bedroom
'your dreams' is the definition.
I can't judge whether this defines the answer.
'on retiring the place' is the wordplay.
'on retiring' becomes 'bed' (I can't justify this - if you can you should believe this answer much more).
'the place' becomes 'room' (I've seen this before).
'bed'+'room'='BEDROOM'
'of' is the link.
Can you help me to learn more?
(Other definitions for bedroom that I've seen before include "Boudoir" , "Space for sleeping" , "Sleeping chamber" , "Chamber for sleep" , "Pit" .)