The 27-year-old Coria, who said he had no desire to compete, won nine titles on the ATP Tour. Once ranked third in the world, Coria last won in 2005 in Croatia.
"I am very happy with the decision I made because I have new projects and can spend more time with my family," Coria said.
Coria tested positive for nandrolone in April 2001 and was initially suspended two years. The penalty was later reduced to seven months after a claim that the only supplement he was taking was a multivitamin.
Coria sued the supplement maker, claiming he lost $10 million in prize money, and later settled with the New Jersey company.
Coria upset former world No. 1 Carlos Moya in the quarterfinals of the 2004 French Open before eventually losing a five-set final to fellow Argentine Gaston Gaudio.